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Bitminer.eu Review

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Pro and Contra
Pro:
  • Vault paying interest
  • Google Play app
  • Daily payout
Con:
  • High fraud risk
  • Maintenance fee
  • Credit cards are not accepted as payment

Bitminer.eu seems to be offline – dont invest here!

Bitminer offers a simple solution to earn passive income with minimal investment in bitcoin and altcoins cloud mining service. Over 37000 users signed up already for more than 1.3 mln GH/s hashpower at Bitminer over the past year and managed to pay out 248 bitcoins in total.

Bitminer in numbers

About Bitminer

Bitminers is a London based cloud mining provider that is operating since 2015. On their website they provide the UK company registration number so it is easier to research the background of the firm. Because the bitminer.eu website unfortunately does not have an ‘About us’ section where prospective or current users may find out more information about the company.

Bitminer solarThe website belongs to Bitminer Cloud EU Ltd that is registered at the England and Wales Company Court. The company was founded by 1 GBP share capital electronically by Giacomo Bugini, who is also the sole director at Bitminer. When looking for Giacomo Bugini on the internet, from the multiple results, no one is listing Bitminer as occupation. However the Italian gentlemen is associated with many questionable sites, such as ADVgeneration (ponzi), eurobitmarket.com (exchange, shortlived, “back online soon”), bitcoinbay.co (offline), and a few more. On one of the bitcoin forums, somebody even linked an Italian scam accusation against him. This is definitely a not appealing professional list of prior experiences that Bitminer could be proud of. This together with the fact that their Facebook page has only 600 followers, raises the question whether the remaining 36400 user not be using Facebook or possible they don’t even exist. At least this should be a huge warning sign to new users that Bitminer might be a scam.

Bitminer’s headquarter office is located in London, Wenlock Road in a big business complex. According to the website they have data centers in China and the Italian cloud mining farm is going to be ready soon with 16nm ASIC miner equipment. The mining hardware is powered by solar energy to reduce costs and save the environment.

Bitminer on Social Media

  • Facebook: https://www.facebook.com/Bitminereu-Cloud-718473494919037
  • Twitter: https://twitter.com/bitminereu
  • Youtube: https://www.youtube.com/channel/UCqmXTrFoR7CXn05sJEyPUMQ

Coins:

Bitcoin, Ethereum, Scrypt, X11 algorithms

Address:

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

Cloud Mining at Bitminer.eu

Services provided

Bitminer provides cloud mining services for various algorithms. Beside bitcoin, ether, scrypt based altcoins and X11 algorithm are all supported for cloud mining contracts.

Bitminer cloud miningThe payouts are happening daily, processed at midnight EST. Bitminer applied PPS (Pay Per Share) based payout method, so each client receives coins according to their shares in mining. No real authentication is needed as the withdrawals, as they are making payouts once an email confirmation verified the withdrawal.

The registration process is quick and easy, only need to provide email address and a password. After sign up the account can be funded directly with bitcoins and altcoins with the services of Coinpayments. Bitminer also accepts alternative payment service providers, such as Perfect Money, Payeer, Skrill and OKPay. Credit Cards and bank wire transfers however are not on the list of acceptable payment methods.

Bitminer trade platformIn addition to cryptocurrency cloud mining, Bitminer runs an internal trading market where the mined digital currencies can be exchanged for a fee of 0.2% per transaction.

As a special feature, Bitminers offers it’s own vault for its users. This vault pays 0.25% interest weekly based on the active bitcoin balance of the account to the users is added to the account automatically. This interest results in 1% interest monthly. That is definitely extraordinary high yield on the financial market, even if this is an alternative investment, so users should be cautious when using this service.

Bitminer bitcoin walletAt Bitminer, users may also sign up for a referral program where inviting friends result in 3% earning after each deposit placed. Again, a huge warning sign for a possible ponzi scheme in the background.

In order to show the possible profitability of the cloud mining services, Bitminer has detailed, advanced statistics to visualize data. At least this is how they sell the Stats page, as in fact it is just listing numbers about daily payouts.

The cloud mining activity at Bitminer.eu can be followed with the Google Play application.

Fees and Pricing Schedule

Bitminer offers mining contracts from 1 GH/s. Clients can sign up for four different contracts, where the prices are expressed as bitcoins per hashpower.

  • Bitcoin cloud mining costs 0.0002 BTC for 1 GH/s hashpower. Maintenance fee is unknown.
  • Ethereum cloud mining costs 0.014 BTC for 1 MH/s hashpower. Maintenance fee is $0.012 after each MH/s.
  • Scrypt cloud mining costs 0.009 BTC for 1 MH/s hashpower. Maintenance fee is $0.013 after each MH/s.
  • X11 cloud mining costs 0.0023 BTC for 1 MH/s hashpower.Maintenance fee is $0.009 after each MH/s.

Bitminer Bitcoin mining priceAt Bitminer, user can sign up for ‘Contract Earning’ package that means if the client pays 1 BTC per contract, Bitminer guarantees a 110% return after 180 days with daily payouts.

Bitminer does not disclose the bitcoin cloud mining maintenance fee for prospective clients. The rate is revealed only to registered users. The maintenance fee for the remaining altcoin ranges from $0.0009 to $0.012 and deducted daily before the payout results are appearing on the account.

The bitcoin vault can be used from 0.01 BTC balance and has no fees. It pays a weekly interest rate of 0.25%.

User experience

According to user feedback on the website, the Bitminer.eu site is intuitive and simple, but at the same time, very advanced as technology. Well, from this statement the simple definitely stands. The page has very limited information on the cloud mining activity, the farms and equipment. The FAQ section is very weak, only has eight questions in total. The site offers the client to use the Support Ticket system for further questions.

Bitminer mining farms around the globe

Overall Conclusion

Bitminer could be a great cloud mining platform with it’s low level pricing structure and the special feature of the vault paying interest on the active bitcoin balance. However there are several warning signs that suggest the page is a possible scam. The company background, the lack of information about the services and the referral program all pointing into this directions, so clients must pay extra attention before investing money into the cloud mining at Bitminer.

Pros:

  • vault paying interest
  • Google Play app
  • daily payout

Cons:

  • high fraud risk
  • maintenance fee
  • credit cards are not accepted as payment
Go to bitminer.eu
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5 User-Reviews for Bitminer.eu:
  1. JK Rawlings, 31. May 2017

    Scam website invested in V1.2 Premium and never got a payment after first 0.003 Stoshi payout

  2. sam, 31. October 2017

    total scam, and nobody there seems to know how to read, or understand 2017 technology.
    They cant back up their lies and again, they do not know how to read English.
    Very unintelligent people

  3. Anthony, 27. December 2017

    There are 2 bitminer companies out there.
    2 companies own by different people.

    One is scam, the other one is unlucky because people think they are the same company.

  4. sally nn, 15. January 2018

    i think there is no risk in bitminer ofcourse it is probably a scam mining cloud but notice that for free mining it doesnt require any payment on the other hand it works automatically even when you are not in your account or bitminer webpage so dont buy premium accounts until it is proved to be paying your free account balance

  5. Danny Heath, 19. January 2018

    After having this site running for a week or more and accumulated enough for their minimum payout, I tried to do a withdrawal. I always do this to see if they are legit – will they payout even the minimum?

    I got a message stating that I am not qualified unless I “pay them the fees” first because I was using multiple IP addresses! The only way I used multiple IP’s would be through an VPN while downloading or whatever. Never was two IPs running at same time. Just an excure to SCAM you!!

    Avoid this!!

  6. Vladimir, 14. July 2018

    bitminer.eu
    SCAM

  7. SunSun, 20. October 2018

    This is a complete scam site!!! warning warning! been over 8 months and no response, flagged me as spam as i inquired wtf was going on with no payment. simple small payment and its all a scam.
    BITMINER CLOUD EU LTF
    Company number: 09951039
    Company CEO
    Giacomo Bugini
    Registered office
    20-22 Wenlock Road, London, England, N1 7GU
    Suport E-mail
    support@ltcminer.com

  8. SunSun, 20. October 2018

    Now its flagging my comment as spam?? report them

    This is a complete scam site!!! warning warning! been over 8 months and no response, flagged me as spam as i inquired wtf was going on with no payment. simple small payment and its all a scam.
    BITMINER CLOUD EU LTF
    Company number: 09951039
    Company CEO
    Giacomo Bugini
    Registered office
    20-22 Wenlock Road, London, England, N1 7GU
    Suport E-mail
    support@ltcminer.com

  9. Mohamed Abo Ali, 23. June 2019

    هو موقع سهل جدا في العمل لايتطلب سوي التنصيب علي المتصفح ويعمل تلقائيا طالما ان الحهز والنترنت في وضع التشغيل يوصي به لراغبي التعدين والاستثمار من خلال اللانترنت . يقال ان الدغفع منتظم بمواعيد محدده من قبل الموقع السلبي فيه هو عدم امكانية التواصل مع الدعم

  10. italian man, 28. July 2019

    Unfortunately I had the misfortune to work with Giacomo in person, he is a professional fraudster, stay away from him.

  11. Brianna Denison, 29. October 2019

    If you got scammed by binary options or Crypto currency the only option for you if you really require your money back is a recovery room, I was working hand in hand with Gary Howard ( IQ OPTIONS and Cointeck and everything was running very smoothly until I asked for a withdrawal,,, when I decided to withdraw money from my account Mr. Gary Howard disappeared never to be found again. I was transferred to a Mr. Dave Austin who gave me the run around and sent me ridiculous excuses for not contacting me, I went as far as giving him various times of days to connect with me and he would always reply to me with the same answer that I was NEVER available for his calls and that is real B.S (Lies, Lies, Lies) I was ALWAYS available to receive his calls ,,, the honest truth is that he NEVER called me back. I sent my info to them 3 to 4 times and they would accept my verification until I would ask for my money, every time I asked for my money the system would reject my verifications, I strongly advise anyone who is doing business with Any scam brokers to stop wasting their time and money on them because they will NEVER get their money back. I was after for a long time until i got a wind of them through Christopher Buckley who helped me to recover all the money I lost to these two scam brokers you can seek their trusted help , if you’re also having withdrawal problem kindly get in touch with me and I will guide you on how you can also recover all your lost funds feel free to contact me through my email address : briannadenison3@gmail.com and I will guide you on how you can recover all your lost funds check through their website https://en.metrotradeszone.com/ and see to it and see a way that can help you out.

  12. Jane Hernandez, 13. November 2019

    Are you are having issues accessing your investment with your broker ? Is your broker demanding for more funds before you can withdraw ? OR has your broker account been manipulated in any form ? You suspect shadiness from your broker and wish to get a full refund of all your investment ? Get in contact with Mr John Maverick for fast an effective solutions he  has massive links in high places. He helped me recover close to $4,000,000 from Option Web. My advice is to be wise and act fast NOW!!! Via email at johnmaverick072@gmail.com

  13. Mew, 29. November 2019

    2019-11-29 01:48:24 4830
    -0.07000000 LTC

    Withdraw

    Pending…
    Cancel

    2019-11-28 16:23:21 4820
    -0.11258500 LTC

    Withdraw

    Pending…
    Cancel
    One day ago payout but real time dont payout I deposite 0.75 but cashback about 0.3

    if you payout plz told me.

  14. Shankar, 9. December 2019

    It is legit?

  15. Brianna Denison, 6. February 2020

    If you got scammed by binary options or Crypto currency the only option for you if you really require your money back is a recovery room, I was working hand in hand with Gary Howard ( IQ OPTIONS and Cointeck and everything was running very smoothly until I asked for a withdrawal,,, when I decided to withdraw money from my account Mr. Gary Howard disappeared never to be found again. I was transferred to a Mr. Dave Austin who gave me the run around and sent me ridiculous excuses for not contacting me, I went as far as giving him various times of days to connect with me and he would always reply to me with the same answer that I was NEVER available for his calls and that is real B.S (Lies, Lies, Lies) I was ALWAYS available to receive his calls ,,, the honest truth is that he NEVER called me back. I sent my info to them 3 to 4 times and they would accept my verification until I would ask for my money, every time I asked for my money the system would reject my verifications, I strongly advise anyone who is doing business with Any scam brokers to stop wasting their time and money on them because they will NEVER get their money back. I was after for a long time until i got a wind of them through Christopher Buckley who helped me to recover all the money I lost to these two scam brokers you can seek their trusted help , if you’re also having withdrawal problem kindly get in touch with me and I will guide you on how you can also recover all your lost funds feel free to contact me through my email address : briannadenison3@gmail.com and I will guide you on how you can recover all your lost funds

  16. Angela Branton, 2. March 2020

    I think the crypto currency Authority should look into the fraudulent activities taking place in the crypto currency word by Brokers and Account Managers. 90% of Forex , Binary and Bitcoin Brokers and Account are operating illegally all they do is to steal fund from traders , I was a victim , they convinced me into investing with them after depositing my fund they refused me access to withdraw my fund rather requesting for more deposit.
    It was a painful experience, but God so kind I came across a broadcast talking about how Mr Carlos Wayne helped victims who lost their fund to Brokers and Account Managers , I took the opportunity and contacted Mr Carlos through the email they displayed for consultation, after receiving my mails he ask for information about my trading and the Broker name ,Account manager name , the Total amount I lost and the year. I forwarded all the details to him . With their help I was able to get back the total amount I lost , the crypto security agencies mission is to make the crypto market a safe place for all traders and investors.
    If you’re having difficulties in withdrawing your funds or you have lost your fund in years or months back but you still have details of the broker or account manager who stole your money kindly contact Mr Carlos Wayne he will hear you out and give you the right step to take and get back your money successfully, contact him with his email below carloswayne452@gmail.com

  17. Angry Miner, 8. April 2020

    Same owner but different website – BTCProMiner CLOUD EU LTD. Both have the same information and owned by the same person. DO NOT GIVE YOUR MONEY AWAY!

Bitminer.eu Review – 36 Total Ratings with 2.30/5 possible Rating Points. Service Provider

Go to bitminer.eu

Our Rating:
46

Rate this service

Pro and Contra

Pro:

  • Vault paying interest
  • Google Play app
  • Daily payout
Con:

  • High fraud risk
  • Maintenance fee
  • Credit cards are not accepted as payment

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