CCG Mining Review: Is CCGmining.com Another SCAM?
Today I was asked to do a thorough review on ccgmining.com because there aren’t so many reviews about them out there.
Most people want to know whether or not they should go ahead and mine Bitcoin with CCG Mining. The careful ones want to hear from experts or at least get some advice from those who have used CCG Mining before.
So, is CCG Mining a legitimate Bitcoin mining company or is it among the 99.9% of companies that don’t really mine BTC other than making payouts from collections of the day?
There is no clarity on this. So I may not answer you in the most comprehensive of ways. But I will try my best to address the burning questions in this review.
Note: :Legitimate Bitcoin mining companies can be found here
Also, read my thoughts on Cryptopia Exchange and why I prefer Paxful Bitcoin exchange for exchanging USD into Bitcoin and vice versa. On the other hand, I stay away from controversial Bitcoin exchange sites as much as possible.
CCG Mining: CCGmining.com Review
The site is registered to someone called Anna Metelska. It is operated out of Warszawa, Poland. It first appeared online in September 2017, although the official website of the CCG Mining company claims that their operations were launched back in 2016.
That does not make sense at all. They ought to have gone straight to the point and say, ”hey, we are a new business and we want to mine your Bitcoin.” That would have been acceptable.
That being said, I should confess that the domain name was registered with the name of the real owner — if who.is data is to be trusted.
CCG Mining’s principle is ”We make it easy for you”. This suggests that investors who want to make money through Bitcoin mining should trust this company with handling all the hustles that come with setting up and running a mining rig. A small fee is charged for this. I will come to that in a minute.
According to CCG Mining website, this company was founded in 2016 to provide blockchain technology solutions. There are also claims that apart from operating this business out of Poland, the company also has stations in countries like Russia, Austria, Latvia, Czech Republic, and the Great Britain.
The main objective is to built the highest hashing power across the European continent — something which I do not think will be easily achieved in the face of stiff competition.
Not only is CCG Mining facing competition from other more established crypto-mining companies operating across Europe, but they are also going up against something that has historically shown to increase in level of mining difficulty.
With every passing year, mining difficulty of Bitcoin keeps increasing. And for some time, experts have been thinking that this mining difficulty was being fueled by speculators and huge demand for Bitcoin. Of course there are some hints here and there that the higher the price of Bitcoin, the higher the mining difficulty.
On the other hand, we’ve seen that mining difficulty of this crypto currency has been increasing regardless of what happens with the price. So whether or not price hits $10,000 a couple of months from now, you will be guaranteed that this constant will keep rising.
But this is not the topic of this review. So let’s concentrate on CCG Mining and what is promises. Ultimately, I will let you decide whether or not to invest your money here. Meanwhile, Bitcoin Doubler, Bitcoin Multiplier and whatnot are all scams. There is no exception. Beware.
CCG Mining website: Initial impression!
What I am glad of is that at least I am not seeing any mention of an ICO sale. Most crypto mining opportunities call for ICOs, and most serious investors looking for Bitcoin mining opportunities no longer want to gamble their funds on a new concept or ideas that are probably not sustainable.
That being said, the website of CCG Mining looks very professional. At least that’s what I learned the first time I landed on the homepage.
The overall impression is that of a serious company looking to implement each and every word that comes from their mouth.
If you want to learn about their team, that information is presented on their site too. The site has 6 photos of people who are alleged to be in charge of CCG Mining activities.
I was not able to confirm if this information was accurate. Taking them at face value would demand some faith from another part of my instincts which tells me that this Bitcoin mining company is not any different from the 99% websites which I have seen in this space lately.
CCGMining review: What you should know
I would want to believe that CCG Mining takes care of hardware, maintenance and cost of operation involved in this business while turning in a profit at the end of the day.
There are 3 contracts which CCG Mining is offering here. If you desire to own a mining rig, this company claims to have tailored a solution for you.
If you want to participate in cloud mining and at the same time owning a mining rig, the second plan will be ideal. The third plan is meant for experienced investors in the world of blockchain investments.
I do not object to these plans. But remember that it is always easier said than done. If there were customer testimonials alongside these financial plans, maybe my next task would be to verify those testimonials and see whether or not they are legitimate and that CCG Mining stands for what it says it does.
The contracts offered by this company have been captured in the screenshot below:
As you can see, each plan has a minimum investment which corresponds to the hashing power which you will receive. I do not know whether these mining contracts are better than, let’s say those of Genesis mining.
The first thing I see when I do a quick comparison is that with CCGmining, investors tend to get more hashing power for the same amount if they invested with a company like Genesis mining for instance.
Maybe CCG Mining has found a way of keeping costs low while selling more hash power to their consumers. I do not know about this.
Alongside this, you can also see that contracts are ”Open Ended”. What does this mean? It simply means that a mining contract will run and only get terminated when it is no longer profitable.
The fees involved in the mining operations of CCG Mining company have also been stated. The company claims that they are very transparent with this and do not impose hidden charges.
Are there testimonials to prove that CCGMining is really a great company?
Am always interested in reading customer testimonials because these often help me in making a final conclusion on whether or not to invest or ask anyone to invest their money.
So far, what I can see is heavy advertising using Google ads and nothing in the way of customer reviews or testimonials which can confirm that all the customers who were acquired from their marketing efforts did get some value.
One logical explanation that I can come up with is that since this company is so new (website registered 2 months ago), they haven’t acquired the alleged number of investors yet. It’s hard to believe that there are over 600 investors here and none of them are writing any user review or testimonial concerning the service.
My best advice for you
Should you go ahead and mine Bitcoin with CCG Mining or should you pick an alternative?
My answer is, take precautions if you have to. It’s really difficult to tell which mining companies are legit and which one’s aren’t. The colorful and flashy nature of CCGMining says nothing about their authenticity. Lack of customer reviews is also a big factor that may have contributed to my refusal to recommend this service. Thanks for reading this review.