Cryptocurrency mining is scrupulous, costly, and only sporadically rewarding. Hence, you require StartMiner reviews to know if it is a scam or legit before you invest.
Therefore, in choosing a mining pool like StartMiner, tread cautiously to avoid throwing your money down the drain.
Mining has a magnetic appeal for many investors interested in cryptocurrency. This is because miners are rewarded for their work with crypto tokens.
This article reviews StartMiner – starting from its workings to authenticity.
Remember, existing mines offer miners the opportunity to mine. However, this opportunity always comes into use when the mine is approved for mining.
What Is StartMiner?
StartMiner is an industry-leading Bitcoin mining pool. All the mining power is claimed to be backed up by physical miners.
Mining with the latest algorithms allows users to make as much Bitcoin as possible. They aim to provide you with the easiest way to make money without doing any of the hard stuff.
With data centers around the globe, StartMiner aims to keep bills down and mining power high, meaning you can make more in a shorter amount of time than what it would take to mine from your home, for instance.
StartMiner provides a program that you can use for Bitcoin trading. It has an application called StartMiner v1.0 which is free to download.
They have data centers in Europe, the USA, and China with dedicated Up-Links and 99% uptime!
Powerful overview, right? Let’s go on to know their modus operandi.
How Does StartMiner Work?
Using this program, you can gain a rate of 0.0000002 BTC/min with a daily profit of 0.0002 BTC.
To maximize your earnings, you are expected to upgrade to its premium system called StartMiner V1.1 and V1.2. V1.1. will give you an affiliate bonus of 30%, while V1.2 provides a higher affiliate bonus of 40%.
There is also a significant difference in your daily earning rate which is 0.1 for the former and 0.35 for the latter.
For a higher profit rate, it also offers V1.3 and V1.4, which gives a member bonus of 50% and 100%, respectively. Of course, the higher the profit returns the program can provide the more expensive it is when you upgrade to its premium versions.
Nevertheless, some startling claims from StartMiner can make their system dubious to many. For instance, it claims that it can grant you a specific profit rate per day, but it does not provide a realistic picture of the outcome of your investment.
In fact, it hints that by using its system, you can invest a lot and get a sure profit rate that translates to financial freedom in one day. How?? This sounds more like magic.
We see these bogus claims as a coy to make its system desirable to many. Its profit claims are indeed unrealistic. As we go further, you’ll discover if StartMiner is legit or a scam.
How To Start up on StartMiner
To get started on StartMiner, you need to Sign up by providing your wallet address and Start generating Bitcoin.
How Long Does It Takes To Withdraw Money?
On StartMiner, withdrawal applications are generally processed instantly; in rare cases withdrawals can be processed manually and take longer.
What Is The Minimum Amount for Withdrawal and Upgrade?
The minimum withdrawal amount is 0.005 BTC. The minimal upgrade amount is 0.01 BTC. Quite impressive, right?
Is StartMiner Legit or Scam?
There are disturbing feedbacks as well that can fill in as reviews. One is the clamor of not getting any payout from their investment. Some also subscribed for the premium programs hoping to get higher ROI, but it made no upgrades from their account.
It is also worth noting that those promoting the positive side of StartMiner are those showing affiliate links to the site. These are only people trying to make money from the affiliate commission and bonuses they hope to get from StartMiner.
Genuine miners are having a hard time because of the increased mining difficulty of Bitcoin. In reality, mining pools are the only players in the mining activity due to the increasing difficulty of extracting bitcoin.
Therefore, any mining site that promises you large profits might be a hoax because they would have no way of paying big profit they’re not making. It is a clear sign that such sites are not mining at all.
StartMiner is known for…
The Startminer basic plan promises to pay 0.0000014 BTC per minute. This is equivalent to 0.002 BTC daily. Considering that they are selling this plan for 0.03 BTC, it means that this plan would yield 0.06 BTC or 100% of the investment in just one month.
You do not need to be an investment expert to spot the lie. It is unrealistic that any investment would double the principal invested in just one month. If this were true, no one would be poor.
300 Percent in One Month
Now let us look at the StartMiner premium plan sold for 0.6 BTC. The site stated that the buyer of this plan would earn 0.15 BTC daily. This is equivalent to 4.5 BTC monthly and is nearly 300% profit in just one month, which sounds outrageous.
These are proofs that StartMiner might not be what they claim to be. Nevertheless, the platform is authentic and running. Click here to visit their official website.
Hear the voice of Experience!!
“Shame I can’t give Start Miner zero stars. It’s definitely a scam site. Their free miner is NOT a miner at all. It’s just an incremental counter that simply increases at a set rate. Connect to it start it running, kill the page. Go back later, it still incremented whilst disconnected. It never pays out either. I’ve accrued 6.6 million Satoshi over 5 months.Marie Burnett.
That’s 66 withdrawals and not one has ever paid out! Start miner is a pyramid scheme that is based around referrals. Nothing more than just another pyramid scam.”
From the witness of other users,
“it is clear that the Startminer scheme pays the new entrant that made a small deposit hoping that they would be convinced to make a bigger investment, in which case their funds would be lost.”Frank Toms
Let’s look at another testimony from a user,
“ITS A SCAM! Watch the hell out! Never invest with them. I requested a payout over 2 months ago and it’s still pending. Get away from these people. If you see any Ads (banners, pop-ups), then please report it as “Scam” or “Misleading”Sadiq
“This starminer Website is one of the trusted mining websites easy to mine and earn free and fast thanks for starminer.”Siraj Siraj
Frequently Asked Questions
If you see how other mining companies sell their contracts, you will notice StartMiner is different and unrealistic.
Instead of showing you how much Hash Power you are buying, they claim you will earn X of BTCs per day if you invest Y BTCs.
Mining cryptocurrency on a smartphone is possible. There are various crypto mining apps that you can use to mine crypto directly through your smartphone hardware. These apps often allow you to join mining pools that use some of your phone’s power in the mining process.
With user reviews, you might not need the services of a soothsayer to know that StartMiner isn’t as it seems. Do well to thread with caution.