99Mining.cloud is a Bitcoin mining pool that promises to provide an easy way for anyone to get started with mining. Recently there has been a huge misconception about the legitimacy of this firm, and many forums are somewhat neutral about this aspect.
This service has been active for more than a year as of September 2018, and the number of complaints against them clearly shows what type of reputation they have. Join us in this detailed review, where we will be going over certain facts which prove that they are a fraudulent service and the reasons to stay away regardless of what type of returns they claim to provide you.
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License and Contact Details
99Mining.cloud is an ICO wherein they issue contracts based on the investment amount promising the clients a certain amount of profits and using the funds to expand the mining operation. As the operational model of their business is a type of financial service means that they have to be regulated, failing which all the people running this firm will have to face criminal prosecution.
We thoroughly checked the FCA website for any details about this firm, but we were unsuccessful in our attempt which proves the fact that they are operating in an illegal manner. Do not get confused seeing the registration details they have put up on their website, as it is done deliberately to intrigue simpletons and appear reliable to the masses.
A registration certificate by no means can justify the kind of activities they are conducting. The contact details provided by them in case you have any queries for them are:-
Phone – 09951039
Address – 20-22 Wenlock Road, London, England, N1 7GU
How does 99Mining.cloud work?
This company is a typical cloud mining service. They own mining farms and scale up their operation gradually over time to maintain a healthy profit margin. Our main concern about this platform is that they have not revealed enough details to instill confidence.
They have completely skipped over providing the detailed list of equipment they use, the maintenance fees they incur, the exact margin of profits, and the location of their farms. Without knowing the above-discussed basic details, how on earth can anyone access this service?
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Further, the returns they promise are on the higher side, but we believe that high return claims are just being used as bait to captivate the visitors’ attention and rob them eventually.
Mining Plans
The major center of attraction for this company is that they provide a free mining plan. Once the payout threshold is reached, any person can withdraw them but just know that many platforms offer free plans, but they take an awful amount of time to see any results.
Apart from the free plan, there are 4 paid mining plans which are
V1.1
- Cost – 0.01 BTC
- Earning rate – 0.0001728 BTC Daily
- Affiliate Bonus – 30%
V1.2
- Cost – 0.1 BTC
- Earning rate – 0.001728 BTC Daily
- Affiliate Bonus – 40%
V1.3
- Cost – 0.9 BTC
- Earning rate – 0.01728 BTC Daily
- Affiliate Bonus – 50%
V1.4
- Cost – 5 BTC
- Earning rate – 0.1728 BTC Daily
- Affiliate Bonus – 100%
Affiliate Program
All the fraud investment firms offer huge incentives for marketers to lure in the maximum number of people. The relationship between the revenue of the firm and the number of participants involved is axiomatic.
The commission rate an affiliate earns depends upon the contract purchased by their referrals, ranging from 30% to 100%. Think logically how can they or any legitimate solution offer a 100% bonus unless their main source of income is unaffected?
Domain Whereabouts
According to whois.com, this domain was registered on 17/06/2017, and it expires on 17/06/2019. The registrant details are unavailable as the people running this service use privacy protection services.
From the data based on the information provided by Alexa.com, we know that this website ranks 23,439 in Iran and has a global rank of 262,775. This site gets roughly more than 200,000 unique visitors a month, and the countries where the majority of their traffic originates from are Iran, India, Greece, Pakistan, and Indonesia.
Is 99Mining.cloud a scam or legit?
This company is an undeniable swindle,
Over time, every company will get feedback from the customers, which will help the general public to know what they can expect if they sign up with them. Here is what a user on Beermoneyforum is saying about their service:-
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Most of these sites asking for maintenance fee will only succeed with members who are not aware of scam tactics of mining site cos i can imagine I have money to withdraw and you asking me to pay a fee externally why not deduct it from my money in the wallet. Thanks for updating us@ mahfuz
The real user testimonials are very daunting indeed.
On July 22, 2023, we received the following complaint from a person who reported losing $910,000 (!) for this scam:
The website www.99mining.cloud does not exist!
99Mining.cloud Review Conclusion
As cryptocurrency grows in popularity and achieves mass adoption, there will always be fraud operations perpetuated around them, as many people still do not know much about them but still want to try their hand.
Unless you are familiar with the fundamentals of blockchain, do not be eager to accept any offer regardless of what returns one might advertise. At the end of the day, it is your money, and you should be careful about how you manage it.
Have you been scammed by 99Mining.cloud? Let us know your opinion by commenting below.
I checked out bit miner io 99 Mining and start miner and they are all run by the same German company, They also registered with company house and have now been liquidated so don’t put your money into any fee’s they ask for.They keep telling me I have more than one account running from my IP address and I need to upgrade to a premium account.
I just join in about 4 days ago and for all these days i keep login and waiting to get minimum withdrawal amount 0.005 BTC and 10 minutes ago i got 0.005xx to claim so i click the withdrawal button and what a sh*thole they ask for maintenance fee which they didn’t wrote it down in F.A.Q before! I have check their domain .cloud and .com too but they use whois privacy. The strange thing is i always open their website address directly not using any referrer but in the account info they write it down i always use their .com website referrer!
I don’t trust this website mining after 4 days non stop try to proof it, the question is simple, why dont they put option for user to cut the minimum amount with their maintenance fee when a user ask for withdrawal? See how tricky they are?
And try to look to get the premium bonus account, how can a bee a mining website give a bonus 100% affiliation? It’s hoax!
100% scam! avoid doing transaction with 99mining.cloud
I will contact friend in UK government to check their address and their legalization after this!
Hi Cris,
I faced the same issue before 1 month ago. I try to withdraw my bitcoin but it is not successful because they don`t have the facility to cut the maintenance fees from earning balance so, I have paid the 0.001 maintenance fee and got withdrawal in just 24 hours. After some withdrawals, I have upgraded my package and now I am an upgraded user so, I don`t need to pay maintenance fees. But it’s up to you and your decision.
Simple, they said they have data center in 3 countries, but they use who is privacy for their domain and no maintenance fee cut feature in withdrawal? Instead of making it simple they keep offering for free user to send money how ‘clever’ is that?
And how they can describe buy premium account get 100% affiliation result? We are talking about Bitcoin here which is very limited resources but they offering 0.005 every 4 days non stop for how many users? You need more than 3 data center to make it happen! You need super computer for that!
The premium upgrade and affiliation results totally doesn’t make sense either! It’s simple mathematics and statistics!
If it’s not scam/hoax they need to open their public data and real proof. I don’t believe in their payouts data on their website at all.
GOD SAVE THE QUEEN 🤣
You upgrade your plan one time or monthly ??
Reply please
99mining.cloud is not kept the word as revealed it is free. It is not free at all. I sent email to acknowledge about withdrawal issue. Supporting team of 99mining.cloud advised me to send maintenance frees to withdraw bitcoin. Also withdraw button does not work.
I think it is short off scam site
I think you have to pay maintenance fees to withdraw your amount. I am also a free user with 99mining.cloud and when I pay maintenance fees I got paid in just 24 hours.
In my opinion, all the sites that receive the first free entry for the first time, while they do not specify the terms at first, are fake sites.
bitminer.io
btcprominer.life
legitmining.website
megamining.website
jetmining.website
99mining.cloud
coinmining.website
startminer.com
Hi Ghaffari,
I used three websites from your list and from them, two are the legit websites because they paid me in free as well. 99mining.cloud and coinmining.website. The 3rd website is legitmining.website and they paid me in a free account for the first time but after that, they don`t give me my payment.
Here’s our jetmining.website review. Please let me know what you think.
I am a very old user with this site and I got paid all the time from 99mining.cloud.
This website it is a SCAM when I try to pay maintenance fee the address change after I pay and the transaction in my E Wallet disappear at first I thought I just send the wrong address but after I’ve repeat the process of sending maintenance fee the pending address change again. It only gives money to some maybe but scamming others and many is bad.
yap.. its right… no withdraw link at all.. just progress task instead is like jpeg page paper only…
Hi,
For the people who tell 99mining.cloud is a scam. please visit this URL for payment proof. imgur.com/unvzB49
here is the proof of my payment. why until now i cant withdraw at the coin mining website i already pay the maintenance fee.. pls answer.. tnx
Sent 0.00113131 BTC
to 34du5zoZtWfF8YQdYs9n79giNS1w3ztK2w
Status
Complete
Fees
0.00013131 BTC
Sent at
03/29/2019 01:54 pm
Reference ID
3b455f4d
Show Blockchain Record
I got paid today. I paid maintenance fees before upgrading my account and after upgrading my account I got paid without paying maintenance fees.