IQ Mining is a cryptocurrency mining project that is allegedly able to make you money. You have to buy some hash power and then you can start getting profits. At least that’s the theory.
Profits promised by IQ Mining are huge, according to their calculator it can be 16% per day. So is it real? We don’t think so.
IQ Mining problems
There is a lot of problem surrounding IQ Mining that make us believe that it would not be wise to invest money with this program. Here they are.
Anonymous and unclear company
At one place they say that their main product is a software that enables profitable cryptocurrency mining, at another place they say they will just rent hardware power.
Talking about a special software does not make sense, since cryptocurrency mining is dependent only on hardware power, the algorithms are given, you cannot make mining better or more profitable by using a custom software, it is not possible.
There is one single name on the website, but no address, no proof of existence, nothing.
You have no way of knowing if there is a real company behind with real hardware of software.
The title of the IQ Mining home page says you can make up to 50% per month. The calculator says you can even make 16% per day. These number are so high that they are impossible in real cryptocurrency mining.
Only Ponzi scams offer this kind of returns. Ponzi schemes pay returns out of new deposits until they collapse because of the lack of new deposits.
Cryptocurrency transactions are irreversible
So, IQ Mining is an anonymous company that offers returns that are impossible. And how do they want you deposit money? In cryptos! So, they could just take your money and run away, because cryptocurrency transactions are more or less anonymous and irreversible.
So, you have no bank or credit card company that could help you get your money back if IQ Mining is a scam.
Is IQ Mining worth all the risks? We don’t think so.
IQ Mining is an anonymous company that offers suspicious returns and provides confusing information. We recommend staying away.
If you are interested in cryptocurrencies, you can try trading with them a free demo account with a regulated broker.