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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
 
So I have purchased some ETH and BTC hashpower to test their offerings. It seems a little too good to be true so I have only sent some "test money" to see how it goes. I lost around $23,000 between the nicehash hack and the GPU becoming worthless in 2018 alone so a few $$$ down the drain to test this wouldnt kill me.

Now so far, the returns look good, but I dont have enough to take a payout (when that day comes wee will see what happens). I also am interested in the BTC reinvest option, as compounding hashrate seems like an incredible idea. Ive only been mining with them for a few days so I will report back later. So far my money went in just fine, their chat (though english was a little rough) was responsive, and the returns at least daily on paper seem to be correct.

As a background I have been personally mining on slush, nicehash, multipool, miningpoolhub, btc.com, and antpool since 2010 using CPU, GPU, and ASICs, but this last year (likek 2014) almost did me in. If it werent for the ability to heavily overclock my zcash miners to stay positive I would have gone under. That said I dont see how miningsky.io can guarantee such good returns, but maybe its just due to being able to put their "pods" where power is the cheapest,, and picking up S9i's for $275ea right now on ebay.

That said I'll report back as I see returns and actually can move them to my offline wallet.

If anyone is thankful for me being the guinea pig you can always send a BMF tip :)

Also if you are interested in also purchasing some test hash from miningsky.io and find my reviews helpful please use my referral link: https://miningsky.io/r/TU3736047

I am not affiliated with miningsky.io in anyway and I I am simply just trying to see if I can get a legit return from their services and report back my experience. Please do your own due dillignce, there are a lot of exit scams and hacks in crypto and I've unfortunately suffered personally from some like Mt Gox and Nicehash (though Kraken hhas helped carry some of the MT Gox weight, and Nicehash has a recovery plan I hope to someday see returns on). Buyer always beware.
 
Also as far as $ for $ their BTC program seems way better than their ETH program

These prices were using the 10% coupon (CRYPTOCOMPARE10)

BTC - USD $180 Spent - 10TH/24mos = $1.11 (possibly $1.03 - I dont know if their number includes the maintenence fee of 0.008 per TH).

ETH - USD $240 Spent - 44MH/24mos = $0.61 (no maintenance fee)
 
Some further investigation reveals that it is a newly registered company (1/14/19) in British Columbia, but it is federally registered (much harder than individually in just BC.

https://www.ic.gc.ca/app/scr/cc/Cor...ning Ltd. &crpNmbr=1119365-1&bsNmbr=715788113

This registration requires a Canadian resident (at least 25% of the board) ie Scott Young, to form the corporation. This doesn't means it isnt a scam, but it sure puts a person within reach of the Canadian Authorities if this goes south.

So I did a deep dive and found that Miningsky Technologies LTD is registered at:

1112 W Pender St
Vancouver
BC V6E 2S1

https://opengovca.com/vancouver-business/18-539199

This is also the address for MiningSky.com

https://miningsky.com/contact-us/ (bottom of page)

As well located on the Miningsky.io website at:

https://miningsky.io/terms-of-services

This all makes me feel a lot better about this being a legit company.


Again though - buyer beware
I'll update as soon as I can get a payout (like 3 more days for my BTC) .
 
MININGSKY.IO

MiningSky offers miner hosting and mining colocation in a reliable, secure and cool environment.
Our hosting facilities extend from Venezuela, Trinidad AND Tobago, Ukraine, Belarus, Kazakhstan, Suriname, Serbia, Kuwait and other are situated in remote areas with dedicated yet affordable power supply to ensure both security and uptime in grid power.
We will install, setup, and maintain your miners. Professional services and fast results are provided for all your blockchain technology needs.
Our options for mining are designed to fit your goals. Our miner hosting capacity is one of the largest in Venezuela, Trinidad AND Tobago, Ukraine, Belarus, Kazakhstan, Surinam, Serbia, Kuwait and other.
We have enough space, power and resources to provide mining colocation for over 800,000 miners at each of our hosting sites.
We not only provide hosting for GPU miners, but also for a mixture of different kinds of miners like the Antminer S9 and.
It doesn't matter if you are mining for bitcoin, bitcoin cash or ethereum, our facilities have both the physical capability and the technical expertise to help you manage your mining operations.

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 BeerMoneyForum users:
« BFM 10»
On top of that, MiningSky.io is offering an additional bonus for users that buy plans over $100,000 - will automatically get a 40% 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.

MiningSky.io it's verified company which work with biggest leader as Cryptocompare.

miningskypricing.png

MiningSky.io offers BTC and ETH could mining services, with a 2-year minimum contract. Click here to see all the contracts that MiningSky.io has to offer.
MiningSky.io - Cloud-based solution to mine cryptocurrencies for all users.


Legal papier:

 
So I have a few questions for you miningskyio:

#1. Why does your website show the watermarked logos of miningsky.com - are they not a totally different company owned by Miningsky Technology LTD, or are you affiliated?
1548443380373.png

1548443103745.png




#2. Why does your Terms and Conditions page show the headquarters address listed as

Mining Sky LTD.
Headquarters: 415-1112 West Pender Street Vancouver, BC V6E 2S1 Canada


1548443647300.png


and not

122 Walter Hardwick Ave
Vancouver, BC V5K 1J9

as you have listed in your post above showing your Canadian Federal Documents of Incorporation?


#3. Lastly do you know what company headquarters is at the one listed in your terms and conditions at 415-1112 West Pender Street Vancouver, BC V6E 2S1 Canada ?

1548444312851.png


Sky Chain Technologies is listed at 415-1112 West Pender Street Vancouver, BC V6E 2S1 Canada, also the headquarters of its subsidiary Miningsky.com

#4. Given the information above, please explain your relationship with Miningsky.com at 415-1112 West Pender Street Vancouver, BC V6E 2S1 Canada and how you are affiliated and been granted use of their pictures and logos?
 
Mininskyio - I see you were on today at 12:38PM (just after midnight), and then again at 5:38am this morning ....so should have had time review my questions posted above...can you please respond?

Thank you.
 
Well they havnt responded to my requests so far.

I have received 2 payouts, but im at 2% ROI so I have a while to go. If they can log in 2x a day and not respond to my questions, Its not comforting. Id say hold off until they respond. Most ponzis payoff initially and the. Fold up shop when they hit their exit goal (not saying they are, just be careful as they have yet to answer my legitimate questions).
 
I have few queries, however till no answers are provided for above questions by @totalfreq, so I am still waiting for @miningskyio instead of questionig more and not making people forget above question.

Official status does not means legit, but answerable.

@Mr. B please check why he is not answering.
 
Official status does not means legit, but answerable.

@Mr. B please check why he is not answering.
I have asked this company to answer our member's questions, if not we are forced to removed "Official" status they initially requested. Thanks for heads up!
 
I have asked this company to answer our member's questions, if not we are forced to removed "Official" status they initially requested. Thanks for heads up!
Has it not been already 5 days since you asked them to respond? Please remove the official tag to make sure newbies don't fall prey to their scam. @Mr. B
 
So i just received an email from miningsky.io

50% off SHA256 contacts $100,000+

Common.....a 4 month ROI on a 24 month contract....not possible.

Bitdeer (bitmain essentially) pivoted to cloud mining to basically pay back their chip manufacturer to avoid bankruptcy using all the unsold miners they have at their disposal... Yet (not including price and difficulty fluctuations) they can only manage to squeeze out 192% return in 24 months btc:btc. Yet miningsky.io can deliver a 600% return in the same timeframe?

Bitdeer is likely paying around $0.04kW/h on large scale Chinese industrial power with an unlimited number of mining machines that were bought direct from the chip manufacturer.

That would mean essentially that mininsky.io would be paying $0.01kWh and has sourced mining gear cheaper than the largest mining gear manufacturer in the world???

@mininsky.io the numbers dont add up...I ask again please explain.
 
Also @miningsky.io i went on your website...where did all the miningsky.com pictures go showing the fancy mining modules, now why are there just racks of equipment and an offer of a live video tour? I thought you offered state of the art miningsky.com mining modules...you had a great video tour of that on your site?

Don't worry though, I already had downloaded a copy of your previous website and reported it to the Canadian Anti-Fraud Centre and Bill Zhang CEO of miningsky.com who confirmed you are a fraud and did not have any relation.

Be aware, the first day I can't make a withdrawal or access the site...RCMPs will be at Scott Young and Raymond Edwards doorstep.
 

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