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 followed all the steps to get my withdrawal but nothing help me ger it.I further listened the video concerned but still having pending withdrawal.I paid upgrade fee and maintanance fee but nothing helped me.Please help me get my funds.
Am really sorry to hear that you have paid the transaction charges. But they will nether respond nor will repay you..this 99mining once upon a time it was good and that to for some time but now it’s a scam. They even show you the payout but if you check with other sites even you see the same. This people will copy and mention that they paid it.
I will recommend you the best one you please msg me to my email “gundlapalli.vishal44@gmail.com”
How did you do to get your withdrawal cz im still struggling to get mine but all fees paid in full?
99mining.cloud thanks for my withdrawal. I will like to recommend all the people to invest in this website.
You lie to me 99 mining . I sent maintenance fees 0.001already .but after then you chang wallet code address why you do like this. I don’t trus you Now I will remember you and tell every one what you do to people. If you don’t contacts me now I will do like I say .
O administrador deste site por acaso conhece algum site legítimo, que não seja scam? Ou me parece que todos estes tipos de sites de mineração de bitcoins são fraude, são scam!
hi can anyone say me that can i go a head and pay the maintenance, as when i am trying to withdrawal it is showing as pending in stage ! so please can any one say me what i need to do i have 0.01125860 in my account.
will they process withdrawal after paying the joining fee or do i need to upgarde for withdrawal
I think they paid you if you pay maintenance fees.
No it’s been 24hrs I keep on mailing them and even requesting them to process the withdrawal..they are not at a ll responding
No not yet, waiting from past 24hrs but no update from admin
Hi,im still struggling to withdraw my earnings.I paid the upgrade fee and maintanance fee but still i cant withdraw.It keep on saying pending withdrawal.Please explain the step by step to follow.
When I have faced the same issue the admin of this site help me a lot and paid me in just 24 hours.
Have you done verification id?
The process involves ID verification using a passport, driver’s licence with photo-card
It is a good experience that mining with 99mining I would love to do further mining process with this site.
99mining 100% SCAM…
Jangan percaya, jangan deposit apapun ke web ini..
ini adalah penipuan,,,
orang orang yang chat dan mengaku withdrawnya di proses, adalah teman dari user web ini…
web ini ada HOAX
Saya tidak bisa widraw di web 99mining ini padahal saya sudah di batas minimum 0.005. Dan sy dah kirim laporan, tapi tidak di respon. Bgmn sy mendapatkan hak saya
I got my withdrawal after communicate with admin of this site. Thanks admin for guiding me for withdrawal process.
Hello can you please share me the experience and can you guide me how to do withdrawal step by step.
Hi,please ecplain to me that step by step procedure of withdrawing my earnings as i paid the upgrade and maintanance fees.