Sun Mining is a peculiar sort of cloud mining operation that claims to be environmentally friendly. As the their domain title suggests, Sun-Mining.com takes an eco-friendly marketing approach towards attracting prospective cryptocurrency investors by asserting that their mining operation is entirely fueled by solar power. Whether or not there is any truth to these claims are just a few of the key points we will disclose to you throughout our in-depth review.
What is Sun Mining?
Sun Mining is a cloud mining platform that enables investors to deposit into their platform in order to virtually mine cryptocurrencies. Incentivized initial deposits are encouraged on their platform where the more an investor is willing to depart with from the start the more hash power they will receive for the mining of cryptocurrencies. Separate packages are offered through their platform where investors can choose to purchase hashing power for any of the following supported cryptocurrencies: Bitcoin, Ethereum, Dash or Litecoin.
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Who is Behind Sun Mining?
Sun-Mining.com was allegedly founded in 2015 by private investors who reside within Australia. Coincidentally, these private investors also possessed large amounts of empty flat lands which they then designed to harbor their unique solar power stations and data centers. No legitimate corporate entity is disclosed on the site and the Terms and Conditions fails to make reference to any corporate entity that would be responsible for the business practices being carried out through their platform.
The only information we are provided regarding identifying characteristics would be a physical address and two separate email addresses. The address provided on the site is One Farrer 1 Farrer Place, Sydney, New South Wales 2000, Australia which fails to be recognized as a legitimate address on Google Maps. The two email addresses disclosed on their About page would be support@sun-mining.com and partners@sun-mining.com.
What does Sun Mining Offer?
Sun Mining gives investors, who wish to mine cryptocurrencies, an ability to purchase hashing power without having to procure any of the mining equipment normally required. This operational model frees the investor from the customary responsibilities of having to purchase mining rigs, manage electricity costs along with handle maintenance fees that accrue over time. Potential investors are able to choose between 16 different packages that each come with a 3 year long contract.
Sun Mining, whose data centers are allegedly operating solely from solar power, claim to be able to provide their mining packages for 25% less than competitive cloud mining operations. While we have no way to discredit this absurd claim, it still fails to explain the unrealistic returns promised through their platform. According to their calculation widget featured on their site, an investment of about 0.1 BTC would result in a profit only after 90 days. The cumulative return predicted would be nearly 1,545%, or an annual return of 515%.
Can Sun Mining be Trusted?
Sun Mining has failed to prove their operation as one that is transparent or trustworthy. Operating essentially as an anonymous platform while offering returns that don’t dwell within the vicinity of being plausible are common traits found amongst cloud mining scams. No mention of which mining hardware they are using is disclosed. Moreover, the site claims to have been in operation since 2015, yet a WHOIS report will reveal that Sun-Mining.com was only created on July 9th, 2017.
Popularity
Sun-Mining.com possess a SimiliarWeb global rank of 218,748 as of December 2017. Almost 20% of the sites traffic is referral based where review and forum sites like BitcoinTalk.org are debating the legitimacy of this operation. Most investor feedback asserts this operation as a possible scam that exhibits characteristics similar to that of Ponzi schemes.
Sun Mining Review Conclusion
While the concept of cloud mining appeals to a great number of cryptocurrency investors, they are often a cesspool for investment schemes. If you are drawn towards any cloud mining sites, make sure you conduct thorough research regarding their ownership and take the time to see if their promised returns seem too good to be true. If they appear so, then chances are that you are most likely at risk of signing up with a fraudulent scam operation.
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Review Verdict: Sun Mining is a SCAM!
Blacklisted Site: Sun-Mining.com
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I received an email today from a company called “Smart-Mining”. Their website looks quite similar to the Sun-Mining scam site. Beware!