I came across a site last weekend by a company called, Crypterra. At first glance the website looks professional, simple and prices look very interesting! However most of the photos of their office have just been ripped from google images. I can understand this as its a new company and they just wanted some kind of images on their site. I hope in the future these will be updated with real images. Example of the bitcoin cloud mining prices below.
Here’s some information regarding the cloud mining company.
- 2 year contract mining Bitcoin, Litecoin, Etherium, Monero and Zcash
- Mining starts immediately
- Minimum withdraw $10 (Can take up to 8 hours to receive because they send bulk to minimize transaction fee’s)
- Data centres in Hong Kong and Canada
- Prices are very affordable
- At the moment, no maintenance fee’s apply
Now you must be wondering, okay whats the catch? Well I’ve been mining with this company for a few days and so far getting all withdraws, no problems accessing the website and support has answered my questions.
LETS GO THEN!? Wait a minute, The problem, well its not a problem its more of a trust issue, the fact that the company only started in July 2017, no images of their mining equipment or data centres (But then Hashflare doesn’t give this out either???) and the photos on their website has come from Google images.
I have done as much research as possible into this company and I cannot find a red flag, apart from its a new company. The domain is registered to a company in Hong Kong, they also have a data center in Hong Kong and Canada.
But the website shows its registered in Ireland? This is because of the corporation tax of 12%.
So to sum it all up, if you like a little bit of risk then get yourself a mining contract, withdraw when you can, get your return of investment out ASAP and then start buying more with the profits. Also do your own research into the company, end of the day its your risk.