Is Chainmine.io Legit or Scam? Here’s Chainmine Review; How to Register and Use Chainmine

By Gbenga Last updated Aug 2, 2022

Looking for more streams of income, we come across many platforms, products, and services. Here’s one of the few recent platforms on the streets right now – Chainmine.io

What is Chainmine? Is Chain mine real? How does Chain mine relate to cryptocurrency? Is Chainmine legit? Is Chainmine a scam? These are questions running through a lot of people’s minds right now. In this article, we are going to share all we know about Chainmine with you without holding anything back.

What is Chainmine and how does it work?

Table of Contents

Chainmine is basically a platform that lets you earn from bitcoin cloud mining. Launched recently, Chainmine enables investors to earn when they buy coins or when they mine from their ready-made mining pool.

What is Bitcoin Cloud Mining? Bitcoin cloud mining is the process of Bitcoin mining using a remote datacenter with a shared processing tool. This enables its users to mine bitcoins without owning or managing the hardware used to do it.

Simply put, Chainmine rewards investments that go into cloud mining & buying already mined coins. Nothing more.

So how does Chainmine work?

The first step to having anything to do on the Chainmine platform is to Register on Chainmine.io. Once you do, you automatically get 1000GH/s = 1TH/s for free.

Once you register and earn your first miners credit, you can go straight to put that into mining. The actual miners will manufacture your Bitcoin for 24 hours non stop without any interruptions.

You can store the mined Bitcoins into your Bitcoin wallet or buy more Hardware Power to mine more. There’s a lot more you can do with your Hardware Power earnings, but just stick with that for now.

Step-by-step guide on how to register on Chainmine.io

Go to Chainmine Website
Tap Sign Up
Enter you personal details as requested
Choose a username and a password
Click Sign Up
A verification mail is sent to your email
Once you verify the email, you are good to go!

How to get & use your Hardware Power on Chainmine?

Hardware Power is just like the currency on Chainmine.io. Apparently, Chainmine offers the required mining hardware as a service. Your miners come, mine the Bitcoins, and hand them to you. What you give them as payment for their service is your Hashpower/Hardware Power.

Also called Hash Power, the first Hardware Power you get is free (when you register) – 1000 GH/s (1TH/s). Thereafter, you have to look for ways to multiply your Hardware/Hash Power.

You can use the free Hardware Power to mine new Bitcoin, then exchange the newly mined Bitcoins to further Hardware/ Hash Power.

Mine Bitcoin, exchange the new Bitcoins to get more Hashpower. Rinse. Repeat.

You can also get more Hashpower/Hardware power when you invite new users to use Chainmine.

How to calculate ROI on the Bitcoin (BTC) income

This is an estimate. The numbers are affected by a number of factors – time of day, availability of miners, the rate of mining, your hashpower, and so on.

How to withdraw from Chainmine? You can simply go to your Bitcoin on the Chainmine platform and fund another wallet straight from there.

Per hour: 0.31% 0.00000122 BTC
Per day: 7.41% 0.00002988 BTC
Per week: 51.84% 0.000209 BTC
Per month: 222.22% 0.00089667 BTC

Is Chainmine.io Real/legit?

Launched last year (2021) by Billy Nelson, it is obviously difficult to say if Chainmine.io is legit or a scam. We know for now that it lets you mine your own Bitcoins, and it seems stable.

Looking at its dynamics though, extreme caution is advised as it’s not your conventional investment that is verifiable. Are your investment or earnings insured? No – this is another reason to approach this investment model with extreme caution.

Is Chainmine.io a Scam?

As said before, we cannot say if Chainmine is real or a scam. Have it at the back of your mind that it is relatively new and just stable for now. You can check the comments section for live reviews as they come for more insight.

Chainmine.io Affiliate Program

To get more users, Chainmine has an associate program that lets registered users to invite new people to use Chainmine and get rewarded for it.

Here is how Chainmine Affiliate program works:

Once you are at the highest level (Level 1) of the program and you invite someone, and they register, you automatically get a 7% fee on their Hash Power. You don’t need to ask for it, you just see it in your Hash Power wallet.

There are 3 levels to the referral system

Level 1 – 7%
Level 2 – 2%
Level 3 – 1%

How do I contact Chainmine.io?

As we know it, Chainmine officials offices are situated in the UK.

Here’s their email: support@chainmine.io

Here’s their mailing address: ChainMine Ltd – 185 Gloucester Place, London, England. NW1 6BU.

Conclusion

What we have had in this article is our honest review of Chainmine. We recommend that you take a look at the platform, its dynamics, and make your decisions for yourself only.

Information contained on this article are just that – a piece of information. You should not use this to make financial decisions and we highly recommended you seek professional advice from an authorised expert.

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