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If you have finally made up your mind and want to mine bitcoin or any other crypto in a legit and secure way, then you are in the right place. The main issue while making this type of investment is to find a good reliable site on which you can trust without any doubts. Cloud mining has evolved so much in the past few years that users don’t buy high equipment on their own.
The vast majority of users use cloud mining platforms such as IQ Mining, Genesis Mining, and Shamining. But for now, we are giving a thoughtful review of Shamining. We will cover all the aspects related to this bitcoin mining platform. Rest assure you have to make the decision for yourself. Let’s get this begin.
About Shamining
Shamining is a fast-growing Bitcoin cloud mining solution that lets everyone enter into the business of crypto mining. It is specifically for those who are interested in bitcoin mining. The company claims that users don’t need to have technical knowledge or prior experience with crypto mining. The core team is led by CEO Arthur Harvey and includes five experts who are supervised in numerous aspects of mining, including profitability and finance, technical Dep of mining, and money laundering regulations.
Shamining has a comprehensive mechanism to offer the highest degree of financial efficiency and virtual mining installation along with the same standards as any other leading cloud mining network has. The platform is focusing upon introducing a fun aspect to mining by integrating gaming and animated features right into the mining process to promote a higher level of user engagement.
Talking about the infrastructure, Shamining operates three data centers in 3 independent parts of the world — one in San Jose, California, the USA, the second in London, and the third one is in Cape Town (Western Cape, South Africa). The concept behind the development of its physical infrastructure across regions is to make sure that the company expands its capital and utilizes costs when possible.
Getting started with Shamining
Shamining is trying its best to invest in the best hardware available in the market to get updated with the technology. For us, mining has become easier but there is a lot of hard work than is done daily so that the users “US” do not face any difficulty. Getting started with Shamining is very easy and the setup up process is very beginner level. You can start your mining in three easy steps after getting yourself registered with Shamining.
- Register your account and provide your authentic information.
- ID verification is very important to get started. You can verify your identity by providing a copy of your ID. It takes less than 5 minutes to approve your account.
- Setup your payment method and become an investor.
- Select the desired mining power keeping the budget in view and hit the “Start Earning” button.
- Pay the miner rent. You don’t have to install any other special hardware at your remote location. There you go. You have successfully stepped into the mining world.
As of today, you can make a minimum deposit of $250. The maximum limit is $10,000. All new customers can now earn a 37% sign-up bonus when their first payment is done.
Types of Contracts
Shamining offers a variety of contracts in four different forms: CPU, GPU, ASIC, and last but not least is individual contracts. Every single detail is summarized below to help you get started:
ASIC Miner: It offers 235 849 GH/s at 0.0109 per GH/s, considered profitable among the other three contracts. The maintenance fee is charged daily which is $0.0104 GH/s. you can earn profit up to 156%.
GPU Miner: talking about the profitability, this specific contract offer 149% profitability which is a little higher than the above contract. Offering 94,340 GH/s with a rate of $0.013 per GH/s, GPU Miner is quite a good option to be considered.
CPU Miner: this mining contract gives you 23,580 GH/s worth of net power. The daily maintenance fee I s fixed which is $0.0108 per 1GH/s. the profit percentage that you can get is almost 143%.
Individual: this is the fourth and last type of contract that Shamining offer. It offers 471,700 GH/s of power at $0.0106 per GH/S. to purchase this contract form, you have to contact customer support.
In the dashboard, there is an advanced profit calculator that can be used to evaluate profitability for the mining power you purchase. The miner that you will rent will be accessible in the section “Your miners”
Shamining Pros
- The starting investment in Shaming is very low. You can start with investing as low as $250.
- The withdrawal limit is very low. You can withdraw solely 10$ at a time.
- Shamining provides 24/7 customer support to its users.
- The web interface is very intuitive and user friendly.
- The platform is regulated with different bodies (ASIC, FCA, and CySEC) and is been operating with high-end security encryption.· Shamining supports various withdrawal and deposit ways such as Bank wire transfer, MasterCard, Visa, Bitcoin, and Qiwi
- The account is easy to set up and trade
Shamining Cons
- Shamining only provides Bitcoin Mining. There are no chances that you can mine other crypto coins on their platform.
- You have to share your personal information to make the identity verification process complete. This may be a downside for users who don’t like to share their personal information.
- Mining involves risk. The user can lose its assets by CrpytoJacking or other ways that hacker’s user to get access of someone else’s computer and account.
Customer Support
When making investment moves, it may concern some people and thence they search for help and guiding birds that can help them in any way possible. In this regard, Shamining covers its users in need of any help they may need. Shamining provides very helpful customer service in both English, Russian and German Language. You can reach out to their representative 24/7 a day via Email or live chat. The live chat option is very handful. It takes no time to make your query get answered by the real human on the other hand trying to help you as much as they can.
Moreover, in case of serious problems, you can directly email them at the email address given on their website. For your convenience, we have written it down for you here ([email protected]). Customer support plays a very crucial role in the growth of the business. It helps the company to directly get in touch with its users to have a better look at their needs and requirements. For this Shamining never disappoint us.
Our Thoughts
The major cloud mining services that you find online are the majority of scams. They use the “Ponzi Scheme” in which they pay their old investors with the funds given by their new investors. In general, it seems like Shamining is a great forum that makes bitcoin mining open to almost all. You must, of course, ensure all necessary knowledge when using it, because investments in cryptocurrencies often involve a certain risk factor either your investments in Bitcoin cloud mining or any other crypto mining process.
But it is different with Shamining. However, Shamining offers you very low investment to the first check whether the platform is up to your standards or not. It seems to be more secure in this manner than many of its competitors.
We would love to hear your side of the story. Comment below and we will be glad to have you on board with our discussion on Shamining.
This is the truth..what this site is doing is that you put your money into it buying miners, does miners paid maintanance fee. At the begining the fee is down but gradually increase until equal to your profit, this happen after 2 months when you start mining, recovering only the 20 percent of your investment. You will lose the other part. 80 percent.
Do not believe anything from here, shamining is a Scam site, they will going to take your money and you going to lose it. Keep away from Shamining. They have the way to stole your money and you can’t do nothing to recover it.
Shamining is a total scam. they might have smaller initial investments but if you don’t purchase more mining every 30 days they suspend your mining power. They also refuse to allow you to withdraw funds. They are by all definitions a ponze scheme. I would encourage bitcoin news to look into this service a little more and publish a more accurate review. At least inform investors better of what they are up agains if the choose this service. It is a far stretch from a legit service.