3.3 / 5
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1
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Usually stable businesses have more than 5 authority websites mentions, this one has 14 authority websites mentions and 0 mentions in other websites
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Iqmining.com Review
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Last update: Fri, Feb 9, 2024 3:46 PM
their costumer support is very great.
their services is also great.
they are 100% legit and they pay your earnings
their only problem is the high maintenance fee they deduct from your daily income. the maintenance fee is almost 65% out of your daily income. so i have a doubt about the profit at the end of the contract.
out of this, they are really perfect. i hope they will decrease the sum of the maintenance fees, and i will rate them 5 stars.
I opened a 12 month contract in July 2019 - spent $1485 for a total of 39781 GH/s (BTC).
My monthly net profit (payout - fees) this year are as follows:
Jan 2020: 0.0086590 BTC
Feb 2020: 0.0072995 BTC
Mar 2020: 0.0012874 BTC
Apr 2020: 0.0000259 BTC
In theory I would need to make $123.75 per month just to break even. This has never happened during the course of the contract. Be wary of the claims on the website - they often quote the gross payout without factoring in their fees. The fees are high and wipe outs any potential profit.
01.08.2019 Maintenance fee SHA-256 Done - 0.0000281 BTC
01.08.2019 Payout SHA-256 Done + 0.0000786 BTC
01.09.2019 Maintenance fee SHA-256 Pro Done - 0.0001182 BTC
01.09.2019 Payout SHA-256 Pro Done + 0.0003073 BTC
And today after 6 mounths
04.03.2020 Maintenance fee SHA-256 Pro Done - 0.0001299 BTC
04.03.2020 Payout SHA-256 Pro Done + 0.0001753 BTC
04.03.2020 Maintenance fee SHA-256 Done - 0.0000321 BTC
04.03.2020 Payout SHA-256 Done + 0.0000393 BTC
Do you think this is profitable? I Don't. I did investment of 590 dollars and after 6 months get something like 90 dollars.
Update 10/03/2020
Today o have NO PAYMENTS ON 2 Contrats. So thats my last call to support chat:
Suport: Is there anything I can help you with?
ME: Can you tell me why my maintenance fee completely stop my payments? I have 2 years contracts and in less than 6 months i have no profitable...Why?
Suport: Dear Customer, please, note that your payouts are not fixed, sir.
They depend on many factors such as Bitcoin price, the mining difficulty changes and situation on the market.The fee is fixed.
market fluctuations ...nicei have my maquines as welland i don't pay that muchnot even close
You need to consider the fact that the goal of IQmining contracts is to mine and trade the most profitable Bitcoins and Altcoins with the highest possible level of income.
We do not mine bitcoins only, as our strategy is to achieve a stable long-term income and cover most of the risks associated with high volatility of cryptocurrencies and especially Bitcoins.
That is why we offer contracts starting from 1 year.
However, the reason for lower payouts today is the high volatility and fluctuations of Bitcoin and Altcoins on the World's Trading Market, as well as the complexity of cryptocurrency's mining.
For example, you can display the BTC / USD chart using the link below to see the changes in BTC pricing at the time of contract's acquisition and compare it with the current price, in order to see the difference:
####################
ME: Susanne i have no payment in 2 contracts after 6 mounths...6 mounths...Do you think that's right?
Suport: You are receiving payouts on a daily basis.You can check that in Balance transactions section.
ME: Please look my SHA-256 today...and a SHA-256 Pro with 11400 mhz give me 0,0000146 btc todaySHA-256 give me 0. Do you think that's fair?after pay 590 dollars
Suport: Dear Customer, as we have already told you your payouts depend on mining difficulties and we cannot provide the exact amount of payouts that is why you can see only the payout forecast.
#price(3/5)
When I was thinking about the company to start Iqmining was one in the top charts on different websites, but we all know that you can pay for all advertising in the internet, even the biggest websites can sell everything if the price is high, so I just went to the Iqmining.com to check the website itself.
First good thing, for me, is that it is really easy to understand. All the prices and information that you may need is on the home page of the website, so you don’t need to waste your time in order to find all this information, just click and here it is. So I’ve checked all the contracts that were available on the website. As I was not really good in mining and knew really little about mining all that I could read was like some kind of black magic for me. Words like ‘hashrate’, ‘ROI’ or ‘maintenance fee’ can coz some kind of fear to start and here we come to one of the greatest parts of this mining company – customer support. I prefer to talk with people use phone calls and chat messaging and all these you can find here. 24/7 support that is always online if you have any problem and they are always ready to help. Next 3 days I was talking to guys from support via live chat and it was really helpful, they told me how everything works and described me all the differences between the contracts.
My next step was to check all the other information that I could find on their website and if you need any information, you can find it there! At the bottom of the page you have all you need, from the instruction how to open an account up to the different kind of information about different kinds of mining with the social medias of the company.
So my next step was to give this company a try and to see how it works. I bought SHA 256 pro gold contact and on the next day I got a call from my personal account manager. Day after day I was checking my account balance in order to understand is it working or not. Due to my job, I’m usually up late at night and even then I can contact my account manager or support department if I have any question and it’s great!
After a month I decided to check the withdrawal system, if I can get something out of my account and I I recieved my payouts inside an hour after my withdrawal request and had not any problems. After that I understood that I did everything right, when I decided to give it a chance. At the moment I have 0.07178 BTC on my Iqmining, that means that I have to get me investment back in 2 months, and it’s great!
The company is now online since 2016 and still I can see good replies about this company in the internet, what makes me to believe that this company will not close in the nearest years and that I can make more money with them, not as much as I want, but still, as extra cash that’s really good!
After 7 months my payouts got a bit lower than in the beginning, but this is Crypto market, I hope that situation will change in future.
So legit or scam ? I believe that this is truly legit company as due to this time I didn’t face any problems with them even when I wanted to withdraw my funds. Also, all the information on the website and from my account manager and support department seems legit, so at the moment I truly trust this company and can advice it to my friends and hope that I will not regret about it in the future.
I hope that my review will help somebody and maybe answer someone’s question!
#price(5/5)
first withdraw of money was good
#price(5/5)
If something seems to good to be true it usually is.
I am paying 80% of my earnings in "maintenance costs" to them.
I should be earning 89c a day, instead I am earning 18c.
Customer service was quick to throw some red herrings at me with regard to fluctuation BTC price and "risk" associated with crypto etc. Nonsense to be fair.
Hi IQ Mining,
I am disappointed with the product I have purchased. I was mislead with the pay-outs. I was informed at time of purchase that the daily payout would be 0.00011 BTC (0.89 USD). My daily payout is closer to 0.00002 BTC (0.18 USD) (approx. 20%).
Over the last 17 days my payout should have been 17 x 0.00011 BTC (less maintenance) = 0.00187 (16.63 USD) less maintenance.
My pay out over these 17 days is a total of 0.00037 (3.29 USD) which means maintenance costs are 0.0015 (13.34 USD)
Maintenance costs (80% of my earnings) are far higher that you advertised.
Please confirm that I can close my account and get a full refund.
Thank you,
#price(3/5) #refund(3/5) #customer service(3/5)
Usually stable businesses have more than 5 authority websites mentions, this one has 14 authority websites mentions and 0 mentions in other websites
Iqmining.com Review
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4 years ago
review by Hadi Amouei