Bitminer.eu Review

General information about Bitminer.eu

If you want to earn passive income with minimal investment in altcoins and bitcoin cloud mining service, you should take a closer look at simple solutions offered by Bitminer. There are more than 37000 users already that signed up for over 1.3 mln GH/s hashpower at Bitminer, and in total they managed to pay out 249 bitcoins.

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Bitmaner has been providing its cloud mining services since 2015. They are based in London, and as they provide the UK company registration number on the website, one can easily find out the background of the company if necessary. But unfortunately there is no “About us” section on the company’s website bitminer.eu, so it is impossible to get to know more about this firm online.

Bitminer.eu Review

Bitminer Cloud EU registered at the England and Wales Company Court is the owner of the website. Giacomo Bugini founded this company by 1 GBP share capital electronically, and in addition he is the sole director at Bitminer.

If you try and look for Giacomo Bugini on the web, you will see no one is listing Bitminer as occupation. But keep in mind that this Italian gentleman is connected with many websites in question, such as for example ADVgeneration (ponzi), eurobitmarket.com (exchange, shortlived, “back online soon”), bitcoinbay.co (offline), and some more.

Somebody even linked an Italian scam accusation against him on one of the forums connected with bitcoin. Such facts do not add anything positive to the professional list of prior experiences of Bitminer. By the way, their Facebook page has only 600 followers at the moment, and thus there appears a logical question – what happened to all those 36400 users they were supposed to have? Maybe they do not exist at all? Well, anyway this should be a warning sign for those new possible Bitminer users of this being a scam.

There’s the information that the headquarters of Bitminer is located in a big business complex in London, Wenlock Road. The website tells that their data centers are in China and the cloud mining farm with 16nm ASIC miner equipment will soon be ready in Italy. For reducing the electricity costs and saving the environment the mining hardware is powered by solar energy.

Company address:

Bitminer Cloud EU Ltd.,
20-22 Wenlock Road,
London, N1 7GU England

Bitminer.eu Review

Algorithms and Coins:

For SHA256: Bitcoin
For Ethash: Ethereum
For Scrypt: Litecoin
For X11: Dash

Services Provided

There are various algorithms for cloud mining services that are provided by Bitminer. Bitcoin, ethereum, scrypt based altcoins and X11 algortihmare supported here for cloud mining contracts.

Bitminer.eu Review

You can get your payouts on a daily basis, and they are processed at midnight EST. According to the PPS (Pay Per Share) based payment method applied by Bitminer, every client gets coins depending on his shares in mining.

There’s no need in real authentication, since the payouts are made once the withdrawal is confirmed by an email. The process of registration will not consume a lot of your time, and it’s very easy, all you need to provide is your email and come up with a password. Once you sign up you are able to fund your account with altcoins and bitcoins with the services of Coinpayments.

Such alternative payment service providers as Perfect Money, Payeer, Skrill and OKPay are also accepted by Bitminer. But take note that bank wire transfers and Credit Cards are not on the list of those payments methods that are acceptable.

Bitminer.eu Review

Cryptocurrency cloud mining is not the only thing that Bitminer runs. There is also an internal trading market where you can exchange the digital currency that has been mined for a fee of 0.2% per every transaction.

Bitminer users have their own vault as a special feature. This feature is added to the account automatically, and this vault pays 0.25% weekly based on the active bitcoin balance of the account. Every month this interest results in 1%. On the financial market this is a very high yield, even taking into account the fact that it is an alternative investment, that is why the clients should be very careful while using this kind of service.

Bitminer.eu Review

There is a referral program at Bitminer, meaning that if you invite your friends, this will give you 3% earning after each deposit placed. But still, it’s another warning sign for a possible background fraud scheme.

The possible cloud mining services profitability of Bitminer can be illustrated due to the advanced, detailed statistics. This is the way for them to sell the Stats page while simply listing daily payout figures. A specialized application that you can easily download from Google Play will help you follow the cloud mining activity at Bitminer.eu.

💱 Fees and Pricing Schedule

At Bitminer you can find mining contracts from 1 GH/s. There is a possibility for clients to sign up for four different contracts, where the prices are expressed as bitcoins per hashpower.

Bitcoin cloud mining price:

  • 0.0002 BTC for 1 GH/s
  • Maintenance fee is unknown.

Ethereum cloud mining price:

  • 0.014 BTC for 1 MH/s
  • Maintenance fee is $0.012 after each MH/s.

Litecoin cloud mining price:

  • 0.009 BTC for 1 MH/s
  • Maintenance fee is $0.013 after each MH/s.

Dash cloud mining price:

  • 0.0023 BTC for 1 MH/s
  • Maintenance fee is $0.009 after each MH/s.

Go to Bitminer.eu

If you are a Bitminer user, you are able to sign up for “Contract Earning” package. According to this package if the user pays 1 BTC per contract, the Bitminer Company guarantees a 110% return after 180% with payouts on a daily basis.

Pay attention that at Bitminer the bitcoin cloud mining maintenance fee is not disclosed for prospective clients. It is only the registered users who the rate is revealed to. When it comes to the remaining altcoin, its maintenance fee ranges from $0.0009 to $0.012 and also deducted daily before the account showed the payout results.

The vault of bitcoin has no fees and there is an opportunity to use it from 0.01 BTC balance. It pays a weekly interest week of 0.25%.

Bitminer.eu User Experience

Taking into account the user feedback from the Bitminer.eu website, it is rather technologically advanced though very simple and intuitive.

bitminer.eu review interface

Unfortunately, there is not much info on the cloud mining activity, equipment and farms available. The FAQ section is quite small, and there are only 8 questions in total presented here. For further questions it is offered to use the Support Ticket system.

✔️ Advantages:

Vault paying interest.

Application in Google Play.

Payout on a daily basis.

❌ Disadvantages:

High risk of fraud.

Maintenance fees.

No credit card payment method.

Overall Conclusion:

Considering its low level pricing structure and the special vault feature, when you pay interest on the active bitcoin balance, Bitminer could become an excellent cloud mining platform.

But there are a couple of signs that can make us think of this company as of a possible scam.

The background of a company itself, the absence of necessary information about the referral program as well as the services point into this direction, so the future customers should be extra careful before making a decision to invest in the cloud mining at Bitminer.


Go to Bitminer.eu

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