About IQ Mining
IQ Mining service started its work in the end of 2016. It has been functioning not for a long period of time, but there is a quite good customers’ feedback describing the project nowadays. The service offers remoted equipment – so users are able to rent it and join process of Cloud Mining.
If you are new to the market or had a negative experience before, names in the service will always come first. Unfortunately, when reading different reviews and getting familiar with official papers, we couldn’t find any particular names apart from two: George Versky, the engineer, and Brad, the support member.
On one hand, it is a good sign that means that IQ Mining work as a Team and don’t distinguish any participant. In this review we won’t be able to familiarize you with CEOs and founders but will surely give enough important information.
At the moment, IQ Mining has more than 50 000 active users, who rent around 860.000 MH/s of total power and have a payout of almost $5 million within two years. When mining on this platform you can get familiar with more than a hundred cryptocurrencies.
Project follows conception, including next aspects:
- Minimization of energy consumption purchasing. IQ Mining co-works with TOP suppliers of electricity.
- Rent of excess capacity in large data centers. That allows to make Cloud Mining 2-3 times cheaper than other services offer.
- Data and money security. Service uses smart-contracts to protect transaction, provide payments and stabilize prices.
- Converting Altcoins into Bitcoins searching for better prices. Though Altcoin Mining is very profitable, there are too many risks. IQ Mining solves the problem in this way by using special limiting orders which are installed on crypto-exchanges with low spreads.
According to the statistics, IQ Mining has more than 7000 miners and nearly 981000 capacities.
Users are able to know more about the service and join the process of Mining on project official page: iqmining.promo
Crypto Mining: Great Opportunity to Earn Money
Market participants or people, who at least know something about the world of cryptocurrencies, know that there are two main ways of making impressive money: mining coins or starting a new cryptocurrency. As you understand, the first option is much simpler.
If you refer to the term ‘mining’, you will probably think that the process is quite simple and doesn’t require any specific skills. All you need is to buy hardware and install software, set them up and then just relax, watching how your coins are being mined. It seems that people, who are familiar with creating viable systems, are also able to create their own mining farms.
However, everything is a bit different in reality. You not only need hardware but you also need it to be really good. Moreover, when any problems arise, you should be able to have enough experience and skills to handle all of them.
On top of it, you need to take into account regulations of your country and bills for electricity. If you sum everything up, you will see that it is impossible to mine cryptocurrencies without huge investments of time and energy.
Interface of IQMining online resource is very understandable and convenient. User is able to read main information about Cloud mining and know more about principles of service functionality there.
Different pages such as ‘Offers’, ‘Pricing’, ‘FAQ ‘and ‘About Us’ make the information sorted and it’s easier to find topic user is interested in.
Client can easily see the ‘Sign in’ button and join the Mining process by clicking on it and fulfilling next steps:
- User is to input data into fields: Name and Surname, mobile number, email, choose password and agree with the rules.
- Open Online cabinet. Client can find information about current capacity, balance and purchasing process there.
- User should choose capacity after looking through the cabinet functionality and decide how much of it he or she is going to buy, what crypto currency to mine.
- There is a special page where capacity may be purchased. So after paying IQ Mining will start to work on user. The system will start the process automatically and one hour latter first profit will be added to the balance.
- Client can withdraw currency once a day without any limitation. Profit on balance will appear every hour. User can fund his or her account through MasterCard or VISA cards, BTC, ETH, LTC and other digital currencies.
How to Profit With IQ Mining?
There are different ways to get profit with help of IQ Mining service. User may choose special account during the process of registration. There are three types of profiles:
- Provides each hour profit. Withdrawals are allowed once a week. 0.01 BTC is minimal payment.
- Adds bonus of 10% to every payout. Provides each hour profit. Withdrawals are allowed once a day. 0.1 BTC is minimal payment.
- Adds bonus of 20% to every payout. Provides each hour profit. Withdrawals are allowed once a day. 1 BTC is minimal payment.
Prices are quite available:
- Service offers 300MH/s of Scrypt for 840 USD.
- User can buy 3000GH/s of SHA-256 for 240 USD.
- Ethereum costs 540 USD for 30000KH/s.
- Price for 2CASH is 480 USD for 300H/s.
- To purchase DASH user must pay 840 USD for 300 MH/s.
What Coins to Mine?
There are different digital currencies which user can chose for Cloud Mining:
- LiteCoin, abbreviation – LTC;
- Ethereum, abbreviation – ETH;
- Zcash, abbreviation – ZEC.
Unfortunately, Bitcoin capacities may be unavailable. If you are interested in mining of this currency, firstly check if there is a possibility to purchase capacity.
Altcoins Pool of IQ Mining
When you enter the IQ platform, you get access to instruments that help to mine a variety of coins or tokens. At the moment, IQ Mining offers around 150 Altcoins based on the selected plan.
For now, the most popular coins include Ethereum, Litecoin, Zcash, Monero and Dash. They are the most reliable and profitable coins, so are definitely a great choice for experienced miners.
When the altcoins are 100% mined, the platform assists in exchanging them on bitcoins and sending to the indicated wallet.
How the Mining Processes Look
- IQ Mining owns multiple data centers and a variety of mining instruments, which the company rents out and exchanges on hash power;
- IQ Mining power is now used for mining the most profitable coins on the market;
- When you have mined altcoins, you can trade them for bitcoins that will be sent to your wallet address.
All you need is to buy one of the plans and IQ Mining will do the rest for you!
IQ Mining Pricing
To choose the best option for work, you can give preference to one of the three cooperation packages, depending on your possible investments and wishes:
- Bronze package – your basic opportunity to invest in cryptocurrency without bonuses, but at the same time without a minimum deposit. In order to start cooperation on the “bronze” conditions. To obtain it, an investment of 0.01 BC is enough.
- The silver package is an opportunity to receive a bonus with an investment of 10% with an investment of 0.1 BC.
- Gold package is given to those who invest from 1 Bitcoin in recalculation at a time. And the bonus, in this case, reaches 1/5 of the deposit.
If in general, depending on your investment, on our platform you can set up mining from 100 to 150 altcoins (we listed the list of available currencies above). In addition, you can choose among the most popular cryptocurrencies, including Etherium, Litecoin, Zcash and others.
Regardless of the chosen cryptocurrency, after its mining, you can automatically exchange it for Bitcoins at the exchange rate of the platform and get into the account specified during registration an already accepted version of cryptocurrency.
To reduce the risks on our platform, small smart contracts are used. In addition, we are actively using cooperation with the capacity of large data centers – they help our customers with the provision of physical resources, so you can mine without the hassle and earn three times more of your investment simply by using our platform without enhancing your own resources.
SHA – 256 (mining strategy – 10 majors)
– $0,0014 for 10 GH/s maintenance fee;
– Everyday payout;
– Price of the contract: starting with $50 for 1000 GH/s
– Historical earnings: 73% for year.
SHA – 256 PRO (mining strategy – 100 altcoins)
– $0,0014 for 10 GH/s maintenance fee;
– Everyday payout;
– Price of the contract: starting with $120 for 2400 GH/s;
– Historical earnings: 128% for year.
Ethereum Mining (mining strategy – ETH)
– Nill maintenance fee;
– Everyday payout (in ETH);
– Price of the contract: starting with $40 for 4 MH/s;
– Historical earnings: 60% for year.
You can pay using BTC, Zcash, LTC, Webmoney, PayPal, Credit and Debit cards, wire transfers, kiwi and so on.
IQ Mining Innovations
With the help of smart contracts IQMining managed to reduce costs and to protect investments, income and profits. In addition, they always use huge data centers and never rent hardware, always working on their own.
Also, time frames of delivery and consumption of power are also secured by smart contracts. As a result, you can be sure that with IQ Mining your investments will be safe and will return three times bigger compared with other cloud mining platforms.
Pros and Cons
IQ Mining has lots of advantages. Thanks to its unique features, it stands out among other similar projects.User can start Cloud Mining process purchasing only 0,01 BTC or other equivalent digital or real currency. Minimal withdrawal sum is 0,001 BTC. To get payout user should only leave an application in the Online cabinet and wait within 24 hours until the payment falls on the wallet or account. There is a possibility to win bonus of 20%. Service offers reinvestment option which allows to increase the profit client gets. There is no subscription fee and registration is free. Disadvantages are too short period of existing time and wide variation in reviews, both good and bad. Though there are articles describing IQ Mining as a Scam, no real facts of false are registered. Anyway clients should use the service at their own risk. Unfortunately, fake projects are everywhere nowadays and not only IQMining is risky.
Why to Choose Cloud Mining?
However, you shouldn’t think that everything is useless and there is always a way for those, who really want to achieve something. If you are familiar with web hostings and their work, you probably know something about cloud hosting.
Basically, instead of being attached to a certain location with physical servers, cloud hosting offers a variety of connected servers, which make up a single system without any particular location.
Now you can try and transfer this idea on mining. With the help of CPU/GPU you will be able to mine a variety of coins. Considering that cloud mining can offer additional power, when servers are connected, the chances of mining a proper block become higher and you will certainly earn more money.
This means that a cloud is a connection of several mining instruments and multiple different locations. To be brief, when you are turning to cloud mining this means that you will rent a certain space in a variety of networks that are interconnected.
We have analyzed, researched and tried out a variety of cloud miners for the past years and IQ mining remains one of the best in the field. Reviews are truly amazing, so we decided to tell users about the service, its offers and algorithms.