Coinsmining.energy Review: Is Coins Mining Energy Scam?

Coins Mining Energy is a cryptocurrency mining company that has suspicious characteristics. They lure innocent traders with claims of easing their mining activities without encountering hardware malfunctioning.

To start getting returns, you only need to have a computer and a cryptocurrency wallet that your funds can be deposited. Unfortunately, the company is not legit as they have shady features that lead us not to trust them.

They claim to use cloud mining; hence their users do not experience any mining difficulties. The Ponzi scheme states that they do not need to purchase mining equipment since their mining activities are done at remote data centers. However, the platform does not disclose the location which is a red flag for sure.

Since the company does not need to buy mining tools or cooling systems, they are not obliged to pay for high electricity charges hence offering investors high returns.

Moreover, the company proclaims that it will only take a short duration to gain profits since they are using modern means to mine. The traditional mining used to take much time and requires much money to maintain the systems.

Coins Mining Energy Review

Coins Mining Energy Is allegedly a cloud mining platform. They are using renewable energy and believes that clean energy leads to a brighter future. They are performing mining activities while they use green energy.

The Ponzi scheme claims that they want to make digital currency mining accessible to both the traders and those who want to receive cryptocurrencies payment. The additional company state they have a master node implementation, which provides them with privacy, control, and gains from their engagement.

The platform has a unique risk management tactic that helps them to be among the leading mining companies in the market. All these are mere allegations that they cannot prove. If they are indeed the best, then they should be featured among the top investment entities in the market.

You can invest with legit cryptocurrency mining companies that are transparent and provide security to their clients. The information regarding the founder of a platform is hidden from the public. Which brings up the question of why are they operating anonymously if they are doing the right thing?

To gain the trust of the investors, the company should avail enough data and credit their team for the excellent work they are doing. However, Coins Mining Energy does not see the importance.

How Does Coins Mining Energy Works?

Accompany claims. To utilize top-notch mining technology with green energy sources to enable investors to mine their digital currency of choice. The Ponzi scheme also states they are perpetually researching ways to make more profits, maintain environmentally friendly conditions, as well as how to make efficient mining.

To gain high earnings, the platform utilizes the latest and advanced hardware to be able to generate more profits. They are advocating for clean energy, which is a good sign, unfortunately, no mining activities that are taking place on this website.

There is much information that is missing from their platform. The location of their data center is not disclosed; also, we do not know how the platform deals with a high risk in the market. It is also ridiculous that they do not have mining contracts that users can select what favors them.

Customer support and regulation

To contact the customer support of Coin Mining Energy, you will need to fill out the inquiry form and wait for them to contact you. The firm is a pyramid scheme, will never contact you.

At this modern age, it is crucial that every investment company or any other business invest heavily on their customer support. Better communication would lead to a good reputation. The company should have at least a telephone number, email address, other social media handles that their client can use to contact them.

Regarding their physical address location, the platform has also not verified where they are based. The anonymity they are portraying is familiar with a Ponzi scheme. The reason they try so hard to stay hidden is to avoid the government catching up with them.

Coins Mining Energy Is collecting money from investors all over the world. For them to operate like this, they need to have several licensing certificates from various bodies. Various countries have stringent measures when it comes to investment.

Coins Mining Energy is not in the database of FCS, ASIC, NFA, and CySEC. They can change their terms of operation as they please and exploit their customers.

Suppose you want to invest online trust in only reputable licensed companies. To avoid losing money and for security purposes.

Customer Feedback

During our research, we were able to gather some reviews from those who had earlier invested with the Coins Mining Energy platform. Clients are regretting trusting this entity with their funds.

The platform has a negative reputation, and it would be unwise to trust them. Performing thorough research is mandatory and will always protect you from engaging with Ponzi schemes.

The company stole from investors and has not made any attempt to give the funds back.  They also have a meager trust score.  The platform keeps closing and reopening its website, which shows their true nature. Legit investment platforms will have a better reputation, and those who have engaged with them will always leave an honest opinion of their services.

Funds Safety

The company does not have high safety measures to protect its customers against hackers and other related matters. The firm lacks SSL and DDOS encryption certificates.

You cannot trace your money since you will be making the payment to the scammer's bank account. The safety of your money should be your top priority. From the feedback of their client, you can see that coin mining energy has no intention of making anyone rich.

Coins Mining Energy does not discuss their withdrawal and deposit requirements. The only thing that we could find is that they charge 5% on each withdrawal that you make. However, the least amount that you can cash out is unknown. Considering that they do not have a mining contract, you will have to contact them to have this insight.

Sadly, they also don't have customer support services, and you will have to fill out their enquiry form so the waiting period might be longer. If they were legit, the firm would avail of this data freely. Without being regulated, you risk sharing your details with professional scammers.

Domain Insight

You can gather useful details concerning Coins Mining Energy. The company was established in January 2019 and will expire in January 2021. They have been in the market for a period of over one year, yet there is no performance report, and the firm has also not published their accomplishment.

According to alexa.com, the company has a total of 1,582,765 rankings in the world. Unfortunately, the information of their founder and the location they target their victim from is currently unknown.

Final Verdict

Coin Mining Energy is a Ponzi scheme that does not perform any mining activities. The company is operating anonymously, and any government does not regulate them. To avoid losing money, ensure your venture with reputable mining companies in the industry. Stay away from this fraud firm that only wants to steal.