AWS Mining (awsmining.com) is a cloud mining solution which is said to have established multiple mining farms across Paraguay, Mongolia, Sichuan, Anhui and Russia. Their platform is easy to navigate around and very straightforward.
The returns they offer is on the higher side which is 200% in roughly 10 months but know that it is not guaranteed as the number of factors which potentially can affect the price of cryptos is numerous. If you are not sure about buying mining contract from them then continue reading our full review which will help you make an informed decision about them.
Company and Contact Details
All the firms which raises money from a private pool of retail investors have to be registered and licensed in order to do so legally. AWS Mining represents an ICO wherein the money raised from the investors are used to maintain the mining farms and upgrade them in an effective way which maximises the profits.
The investors are entitled to certain amount of money in the near future which is directly proportional to their initial capital. We searched for information regarding this firm on regulatory authorities database but we could not find anything relevant to our query.
Even on their website they have failed to showcase any registration information which is a little concerning as there are many fake platforms out there and without the proper licenses it is difficult to distinguish the legitimate firms and fraudulent platforms. This company is said to be headquartered in Sydney, Australia and here are some information regarding the location of their offices:
Paraguay, Ciudad del Este
How does AWS Mining Work?
AWS Mining is a standard cloud mining solution. They own and operate mining farms spread across various countries wherein the conditions are favorable and economical to conduct mining activities. The disturbing thing about there narration is the fact that they do not provide enough details about any of the aspects involved in this sector.
For starters we do not know which coins they mine and the profitability they are trying to achieve. Choosing the right coins based upon the current market trend is a crucial element which determines the net profit.
We do not know the kind of miners they employ and the exact rundown of the expenses they incur. Since majority of the aspects are not discussed it is very hard for any experienced investor to trust this firm.
Contracts and Profits
The rough estimate of the profit you might earn depends upon the CMP which stands for Crypto Mining Power. However, remember that though the calculator shows a rough estimate it is not guaranteed as the end result depends upon various factors which cannot be precisely predicted. Below we have listed the contract details:
Cost – $40
CMP – 0.1
Returns – 200%
Cost – $400
CMP – 1
Returns – 200%
Cost – $4,000
CMP – 10
Returns – 200%
This site has been around for more than a year. According to the data provided by whois.com this domain was registered on 08/04/2017 and it expires on 08/04/2020.
A simple search on alexa.com revealed that this website ranks 3,483 in Brazil and has a global rank of 34,939. Majority of the users coming to this site are from Brazil, Colombia, Nigeria, Pakistan and India.
Is AWS Mining a Scam?
This platform does exhibit a kind of anonymity and lacks some aspects with regards to clarity but on the bright side has its own merits. For example their roadmap is very detailed and does not contain any exaggerated claims. The only way to know whether this platform is truly legit will be by collecting user testimonies which will be done eventually.
Beginning of Mining – 2015
Even before the establishment of the Australian legal entity, the founders of AWS Mining already bought mining machines from china and placed it on third-party farms for mining.
Sichuan Farm – Nov 2016
By the region of Sichuan, Eric Mu built a mining farm attached to a small private hydroelectric plant with electricity generation capacity of 4000 kw.
Inner Mongolia Farm – Feb 2017
The inner Mongolia Unit was built with 8 warehouses and 16,000 machines as initial capacity and with expansion potential to upgrade to 50,000 machines.
Company Incorporation in Sydney – May 2017
We have decided for Sydney/Australia as the tax domicile for AWS Mining PTY LTD that sells mining contracts for customers worldwide.
Affiliate Program Launch – Aug 2017
After 24 months of programming development, the three systems that allowed the mining contracts to begin were completed. The systems are mining panel, affiliate program and payment gateway.
Ciudad del Este Farm – Nov 2017
First South America’s mining farm with cooling air-conditioning system installed in Ciudad Del Este and today is mining Bitcoin, Ethereum, Monomer, Zcash and Bitcoin Cash.
Anhui Farm – May 2018
Huaibei city located at the Anhui province is a well-known region as the energy capital in China. In this place is where AWS Mining begun a small mining operation in March 2018.
Inigushetia Farm – Sep 2018
Russia as well as China is one of the countries which offer the cheapest energy in the world. Beyond that, strategically placed in Europe the Inigushetia fam will provide to European visitors a more accessible option than visiting China or Paraguay farms.
Hebei Farm – Oct 2018
The Hebei mining farm in china already had its opening and its capacity is for 50,000 mining machines. Beyond that strategically placed near the capital Pequim to facilitate the visitor’s access from all over the world.
AWS Mining Review Conclusion
AWS Mining appears to be reasonable platform but we cannot reach any conclusion just yet because as we said earlier we do not have enough information or feedback from the users. They have features the details of their employees on their website but as there is no LinkedIn account information about them it is hard to trace out their actual identities.
If you want to give this platform a try then remember to start small once you are happy with the results you can always scale the capital.
Have you tried AWSMining.com? Share your experience with u by leaving a comment below.