Asicpower.net Review – Scam or Legit?

Asicpower.net is a relatively new platform which offers services around the crypto mining sector. The crypto enthusiasts can buy the mining equipment from this firm and supposedly get better materials which apparently bring the costs down. In theory, their narrative might seem legit and even their website is well structured.

However, remember to double check everything you see on the internet, especially when it involves money. We carried out a thorough background check about this service and the facts we found are not at all pleasant. Before you decide to buy anything from them, check out our review once to know the actual scenario.

Licenses and Contact Details

Any firm regardless of their nature or operational model, if they raise capital from the masses, they should be regulated by the local authorities. This platform provides a UK address on their website. So, technically they must be under the radar of the FCA. However, when we ran a search on the database of the FCA, there was no information about this firm.

So, the fact that this entire operation is a scam becomes very obvious. If the clients have any queries or questions, then they can reach the support team via email. Considering that minimum product on their website is $2000, isn’t it a little odd on their part to not offer telephone assistance? Below are the contact details of this company.

Address – 90 Fetter Lane, London, England, EC4A 1EN.

Email – mail@asicpower.info

How does Asicpower.net Work?

Asicpower.net claims to do a variety of things simultaneously and their operational model is very confusing. At first, they state that their platform is a cloud mining service wherein you buy certain hashrate and reap the benefits it yields after a certain time period. On the other hand, they also appear to offer physical delivery of the mining equipment. Either way, the existing customer feedback about both the branches is not positive.

The subscription plan ranges from 1 day to 12 month and as a rule of thumb, the longer you subscribe for, the more revenue you are going to make. Calculation of the mining rewards is a nightmare and for precise answer, contacting the support staff is the only way to go.

If you are planning to take delivery of the machinery, then know that you are required to pay the toll clearance. Moreover, there is no cash upon delivery options. Given the amount of red flags on their platform, it is not wise to take the risk of paying first.

Mining Plans and Returns

As retail investors it is very hard to make money through mining. Almost a decade ago, crypto mining was an exciting and interesting opportunity to create consistent cash flow. Nowadays, the landscape is different and unless you have a very strategic approach, chances of making money are way too less.

This service only mentions the subscription cost and says that the clients can keep all the money they make minus the cost over a set period of time. In short, no one truly knows the actual profit potential.

Affiliate Program

Asic Power features an affiliate program which enables the owners of websites or other social media content creators to monetize their traffic. There is no fixed cost per acquisition offered by them, instead all the marketers are paid 5% of the total cumulative revenue they direct towards the service.

Due to the lack of information, we do not know whether they offer promotion tools to the affiliates and note that, the minimum cash out level for affiliates is 0.00001 BTC. We strongly believe that, most of the websites and channels giving this service positive reviews are affiliated with them and are manipulating the public in order to make quick money.

Domain Insights

We ran a background check on this website and found interesting facts which clearly gives us an idea about the kind of people, this service is targeting. Source – Alexa.com and Whois.com.

Domain – Asicpower.net

Registered On – 28/05/2019

Expiry – 28/05/2022

Alexa Global Rank – 69,021

Rank in United States – 9,458

Target Audience – United States, Canada and Brazil

Customer Feedback

Each and every popular service on the internet always creates a buzz and that is clearly reflected by the user’s interactions on forums. However, know that sometimes manipulation occurs and that is why you should never believe anything that sounds too good to be true.

Here are the comments made by people about this platform on Bitcointalk.org.

So many scam websites on the loose claiming to sell mining equipment. It would be advisable to check out legit and reputable websites that have been in business for a number of years rather than this brand-new websites with not even a single honest review.

Checking the domain information, the websites is barely 6 months old

Asicpower.net Review Conclusion

Asicpower.net is a firm which has a lot of flaws in their business model. The terms and conditions are not clear and considering the fact that they are around for less than 6 months, it is not worth the risk to indulge with them.

Moreover, the details about the owners or the employees are kept so secretive which means as far as public transparency goes, they score zero. After all, everyone works hard to earn money and we should always ensure that, it never ends up in the wrong hands who does not follow the guidelines of the law.

Are you a customer of Asicpower.net? How would you categorise their service? Let us know your answer by leaving a comment below.