ICOMiner Review – Is ICOMiner a Scam Broker?
- Website: https://icominer.com/
- Website Availability: Yes
- Address: 84 Albion St, Leeds LS1 6AG, England
- Warning: Not Recommended By Proupshot
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
When it was launched in 2013, ICOMiner claimed itself to be an international cloud mining platform that offers an easy pass into cryptocurrency mining. Its model offers automation, the absence of hardware requirements, and stable results due to proper resource allocation, giving ICOMiner a very promising look. Despite that, deeper and contrasting investigation presents some red flags, which would well be left subject to consideration by prospective users before investing.
What is ICOMiner?
It describes itself as a technology-driven cloud miner. This is how it appears in their official description: “They run world-class data centers with best-of-breed facilities.” Users should just choose a plan; they need neither mining machines nor technology.
All of it is professionally managed to ensure effective and risk-free mining, whilst promising stable returns via a transparent system of earnings.
But how much of that is real?
Red Flags in the ICOMiner Platform
Fake Testimonials
The testimonial section of the ICOMiner website shows signs of manipulation. Many reviews sound robotic, with hyper-positive adjectives rather than variables with depth from a user perspective. Conversely, multiple reviews on other platforms scream with red flags:
- “SCAM SCAM SCAM!!! Do not trust these guys anymore…”
- “Don’t get fooled by the pyramid schemes…”
These above comments resonate with discontent and concern on a wide spectrum.
Withdrawal Issues
Withdrawal problems disturb most users:
- Withdrawal pending for months
- Customer service is silent
- Users requested to pay further fees of an ambiguous nature
- Someone wrote:
- “My withdrawal has been pending for a few months to date. I regretted ever dealing with them.”
This is a major red flag for any financial platform.
ICOMiner Review: Key Concerns
Lack of Transparency
Despite the claims by ICOMiner that it is “transparent,” users have reported some things including:
- Contracts are written unclearly
- Costs appear out of nowhere
- While there are claims of high operational response rates, the customer support response rates are quite poor.
Dubious Business Model
There exist some rumors coming from reviewers that ICOMiner may resemble a pyramid scheme where money is so acquired predominantly from participants and less from the profits of actual mining.
Final Thoughts
According to several reviews on ICOMiner, the platform raises more questions than it answers. With promises of smooth, easy crypto returns and a well-finished presentation, the volume of negative comments, complaints regarding payout, and fake testimonials could not be overlooked.
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