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❌SCAM MiningSky.io Reviews: SCAM or LEGIT?

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As most of you must know, MiningSky.io is one of the cheapest and most profitable cloud mining companies in the space. With a community of over 400,000 active users, MiningSky.io is growing at an unparalleled pace.


To celebrate this new milestone, the company just announced a new 10% discount code, exclusive for CryptoCompare users: CRYPTOCOMPARE10.


On top of that, users that purchase plans over $10,000 will automatically get a 20% bonus of hash power.


MiningSky.io provides daily payments, with a minimum withdrawal of 0.002 BTC. The company also gives users the ability to visit their facilities on demand.


SHA-256 CLOUD MINING​



Bitcoin(BTC) Cloud Mining​



Minimum Hashrate: 500 GH/s​



Maintenance fee: 0.008 $ / 1 TH/s / day​



Hardware: Antminer S9 S9i​



Automatic payout in BTC​



In Stock​



$ 0.20​

PER 10 GH/S


https://miningsky.io/r/RV4837526
 
SCAM company registred in January 2019, and customer support says they have contract running for the last 5 years. Stay away
Never got my PAYOUT... 30k lost

hype scams by miningsky.io
check out....
http://prntscr.com/mlt2wa

File a report with the Canadian Anti Frad Centre. Also File with RCMPs if you are in Canada. If you are in the US you can file with the IC3 division of the FBI and local law enforcement. For that amount of money I'd press all the buttons I could.

I've already filed and I have less than $1,000 at risk.
 
J
Are cloud mining services even profitable these days?

Depends on what you consider profitable.

Setting aside difficulty changes over time or price fluctuations yes it can be profitable with a reputable cloud miner.

For instance a 90 day 50TH/s contract costs $607 on bitdeer today, but will generate $712 or roughly 6%+ per month.
With longer or bigger contracts you can approach 8%. I mix short and long contracts to average against fluctuations and difficulty while staying somewhat liquid.

Also when using a lare scale miner in say china, they pay $0.04kWh. I pay $0.085kWh. So my personal Antminer S9i is running negative, but the same miner in a contract in china is profitable.

But there is more risk not controlling your own equipment so take it all into consideration.

I maxed out my electrical service and now use cloud (mainly bitdeer now) to augment my mining company and put my holdings to work.
 
J

Depends on what you consider profitable.

Setting aside difficulty changes over time or price fluctuations yes it can be profitable with a reputable cloud miner.

For instance a 90 day 50TH/s contract costs $607 on bitdeer today, but will generate $712 or roughly 6%+ per month.
With longer or bigger contracts you can approach 8%. I mix short and long contracts to average against fluctuations and difficulty while staying somewhat liquid.

Also when using a lare scale miner in say china, they pay $0.04kWh. I pay $0.085kWh. So my personal Antminer S9i is running negative, but the same miner in a contract in china is profitable.

But there is more risk not controlling your own equipment so take it all into consideration.

I maxed out my electrical service and now use cloud (mainly bitdeer now) to augment my mining company and put my holdings to work.

I just don't get why the cloud mining companies don't use it for themselves if they are so profitable?
 
I just don't get why the cloud mining companies don't use it for themselves if they are so profitable?

So in bitmains case...theybused to. The run antpool, the second largest BTC mining pool on earth and they are the largest ASIC manufacturer bar none, but they made 2 fatal mistakes. They were valued at nearly $2B, but they over estimated the 2018 market and built way too many ASICs and too many varities. They also went hard core into self mining BCH (ABC) and most of the profits evaporated with the market. They got into deep debt with their chip provider and were on the brink of bankruptcy (and IPO as a last ditch save), when they (i dont know how their relationship) spun up bitdeer.

Bitdeer basically took all the surplus ASICs and put them to work for bitmain to pay off the chip manufacturer debt. If you look at the stats for chinese industrial power costs, an Antminer S9i should cost about $1.80/day to power. But bitdeer charges roughly $2.85/day in maintenence still leaving an 8% profit to the customer. Meanwhile I assume they pay a small amount to bitmain for use of the miner, that passes directly back to the chip manufacturer to repay the debt. The fast bitdeer scales, the faster bitmain can recover the loss needed to repay the chip manufacturer, while buying time for the BCH holdings to go back up.

Basically Bitmain gets time, and a repayment of its debt to keep new miners flowing from the chip manufacturer. Bitdeer gets free equipment as wholesale (or direct from manufacturer) pricing paid basically on demand (use) only, which means they just take a profit to maintain the facility and their team but have no overhead since electricity is pass through billed to the customer.

And the customer sees a healthy return.

Its a win-win-win.

Check out bitmain today, they only have a few types of Sha256 miners for sale, all the decred, sia, zcoin etc miners are no longer for sale.

It was a pivot where everone can win and Bitmain can survive.

Thats one specific case and really the only one I know much about. As for the others, a lot fail or are frauds.

Bitdeer could still fail, but so long as they keep signing up customers and btc stays ever or goes steadily up...the model will work.

Just my 2 cents.
 
Back to miningsky.io

Despite all the bad news Ive uncovered on them, and the lack of response from them to at least explain any of the issues or inconsistancies...i have continually still recieved my payouts.

Now again I wont see ROI until September, and as others have mentioned they are not getting their (much bigger) payouts now leading me to further suspect it may be a Ponzi.

But I did want to at least give a fair update from my own experience payout wise.

I still wouldnt recommend ANY service that was fraduelently using other companies pictures and addresses and wont even confront my questions. And definatly wont put another dime in despite how attractive the returns look.

But in my case...at least for today...im still seeing a payout, for what its worth.
 
totalfreq, thanks for the advice.

In 2016, I'm been playing cryptocurrency hyip. Mostly lost money because of greedy. Should had pull back when got 10% extra profit.
So now, I'm very sensitive about this "Insane Profit" among other competitor like genesis-mining. I tried genesis-mining for 2 years and had been cancelled last year due to unable to cover the maintenance fee. Well, I'm still earn profit due to the price increase of bitcoin.

Now suddenly got a message from cryptocompare. I'm starting wondering cryptocompare is starting to scam us with this hyip?

By the way, let me teach u something. if you are mining bitcoin, and you got a income from them, check the income source through here.
Just get the the bitcoin address and check the source, then you will know how much funds they have and how many transaction they had done.

I'm usually use this to check the activity of hyip. Because once the source funds is getting less, mean it is going to shut down soon.
 
totalfreq, have u still recieved ur payouts?
The company triggers some senses of me but i would ignore those, in case they still pay...
Also have u recieved any e-mails from them which contain anything suspicious?
I would love to know that...
 
totalfreq, have u still recieved ur payouts?
The company triggers some senses of me but i would ignore those, in case they still pay...
Also have u recieved any e-mails from them which contain anything suspicious?
I would love to know that...

I received my payouts up until today. Today it went pending, but when I tired to confirm I got a new message I have never received before:

1551470063156.png


So maybe...maybe not - I'll let you know tomorrow.
 
I just don't get why the cloud mining companies don't use it for themselves if they are so profitable?
Most cloud mining sites are Ponzi schemes that use money from old investors to repay new ones. They will shut down sooner or later and there's a high chance you'll lose your money. There are a few legitimate mining sites (Genesis mining) in existence, but they charge high fees for contracts and you may not even break even.
 
I received my payouts up until today. Today it went pending, but when I tired to confirm I got a new message I have never received before:

View attachment 40161

So maybe...maybe not - I'll let you know tomorrow.

Just to follow up...the above payout did go through even though I got the withdraw error seen above. Took about 15hrs...which says to me at best they are not very liquid - which is alarming considering they mine the very coins they distribute. Even if they hold them in cold storage, you would think #1 My payment withdrawal should have been approved...and #2 Should have at worst taken an hour to initiate transfer to the blockchain.

More and more data lends me to believe there is a major issue at miningsky.io

Also Ive seen some replies from Miningsky.io - they state they used to have a connection with miningsky.com...but according to Bill Zhang, CEO of miningsky.io, whom Ive personally been in contact with...there is no relationship whatso ever.

You have to ask yourself...even if their mining contracts are legit...do you want to do business with a company that lies to their customers, gets caught, then continues to lie....

Do your own due dillignece..

7.5mos til ROI...
 
I have been home since early January 2019, I have 14 TH, I've always received my payments since Sunday every time I connect a withdrawal address btc totally unknown appears in my settings, since their famous update it I can not for 2 weeks to change this address, already 2 back on an address that in my opinion benefits a hacker, I change my password and activate the security factor 2 google, but this morning again this address Btc that does not belong to me, other in the case?
 
#1 always use 2FA.

But I noticed something similar, I have a low ETH contract with them that takes over a month to pay out. When I got to my first payout I noticed it was an unknown address attached to the account (and I already was using 2FA). So I changed it before withdrawing. According to their website - it may take up to two weeks to process any payments after a wallet address is updated. Now it's possible I was using a valid ETH address - I have way too many between all the exchanges, wallets, etc so maybe it was valid and I just didn't recognize it, but it was strange.

But I also must update everyone that I was receiving regular payouts every other day or so until yesterday. I had let a larger sum accumulate than normal and when I went to make a withdrawal...I went pending. Its now been over 24 hours. I have never had a payment take this long. I also tried to open a ticket with them and their ticketing system is down and their chat system is no longer popping up - something that used to actually work with them...I fear we may have all gotten our last payments from miningsky.io!

To date I am at 21.5% ROI...honestly further than I thought I would make it when I uncovered all of the info I posted earlier.
 
Bonjour, j'ai découvert Mininsky par hasard, alors pour tester leur fiabilité, je mets seulement 100 €, ils m'ont dit que je recevrais le double après 12 mois.

Pour l'instant, j'ai 25% de mon argent, cela fait environ 3 mois.

je n'ai jamais retiré d'argent, pour le moment, j'attends la fin du contrat
 

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