Topic: Anyone heard of Midas Mining? I can't read what's on their website. (Read 356 times)

Well, you and the rest of the people who cried "scam!" were correct, and I thank naim027 for doing the research. 

So there's a new twist on an old scheme (cloud mining), I guess.  I probably should be surprised, but for some reason I'm not.  Now I'll lock this thread for good, though if someone needs me to open it back up just drop me a PM.

I would point out that you're not privy to the PMs naim027 and I have been exchanging, so you don't have complete information.

As far as testing one of these things out, I'd be glad to do so if I could get my hands on one easily, but it doesn't appear that I can.  I'm hoping naim027 can figure out a way to do just that, and I'd be happy to pay for one if it could be shipped to my country.  We'll see what happens, if anything.

He did the translation, that's all.

If you're so interested in this why don't you take one for the team and do a full report so everyone can get the benefit
of your experience?

So you're not telling me anything new.  Your opinion is duly noted, so please don't keep ranting about whatever it is these things are if you don't know exactly what they are, because that's what I'm trying to find out.  Naim027 is looking into it, so we'll see what he comes up with.  You might be absolutely right, but you're not adding anything to this thread.

Totally scammed.
Ponzi scheme.

Private pools says mining XMR, but this really nothing.
No hashrate became from they pools

They aren't, why are you so stubborn? A USB stick miner is nothing more that a toy at best (eg Moonlander)
and a scam at worst. Claiming to be RandomX ASIC is pure scam. A RandomX ASIC is called a CPU.

I know I already responded to your post, but if you look at what's been posted here other than by naim027 you can see why this section sucks as a place to post a legitimate question.  People might not have heard about these mining sticks, but they're so busy posting for bounties that nobody (except naim027) cared to help someone out.

Example:
I assume you've missed Monero altogether here.

Example:
USB miners mining bitcoin or GPU-minable algos, yes, but this is a CPU-mining algo we're talking about.

Fuck me.  Thank you to naim023 for your research.  I'm not interested in buying one of these sticks, just wanted to learn more about them and figured that the altcoin mining community might have some info on them.  I guess nobody's actually tried them to see if they perform as advertised, so I'm locking the thread.

Edit:  I'm unlocking this thread by request.  Maybe we'll all figure out if these are legitimate or not. 

Please don't shitpost in this thread, else I'll be reporting it.  If you've got nothing to add of value, find another thread to earn money in.

Its plain stupidity to expect a USB miner to still be profitable in 2022, of cos this is suspicious activity, I am definitely going to believe that these miners are displaying wrong hash rates on mining pools, you will only get lucky if this miner supports a popular algorithm and also the coin you want to mine is brand new.

But volume is 0.00 BTC…so you can mine it but you cant really sell it or trade it.

Volume is a key factor in liquidity and this coin has none.

Well, I read this post two more days ago. I have watched the videos you referred to. I also watched 30+ more videos. I was so depressed because none of them were English.


I am not Indian, but I know the language. None of the videos and websites are Indian. The manufacturer of these products is Indonesian. Surprisingly, All the videos I have watched are made by Indonesian Youtubers. There is not a single video in English, which is sad.


Well, It took a bit longer to find out everything. But, Since I am a GPU miner, I never feel bored, and it was interesting.

According to their Website,



Each USB Stick gives you around 12000 H/s on the RandomX Algorithm. The USB Sticks cannot mine any other algorithm at this moment. So, Basically, you can Mine Monero and Quantum R L(QRL) or any other RandomX-based coins/Tokens.

A Youtuber from Indonesia also confirms this hash rate.



The Price of Each USB Stick is 2500000 (2.5m) Indonesian Rupee Which is around $174. It has 1 Year Service warranty.



According to the Whattomine, If You have 20 sticks which you gives around 240000 H/s. You can mine for around $8.94/day without the power cost (at the time I am writing) Feel free to check again from here when reading this post. Remember, These 20 sticks will cost you $3500 . So, it's up to you if you really want to try these sticks.

I beg to differ. Even when you bumped the thread none of the replies included anyone who has ever used, seen, or even heard of it before.
I see a clear message in that.

Neither YT nor a store are reliable sources of information about a product and the idea that an ASIC, that all it really is, can accelerate
CPU mining in some way doesn't pass the smell test.

JayDDee, I respect you and have no beef with you whatsoever, but did you read my OP in full?  The YT videos weren't my only source.  I linked to the store that sells the devices, and I wrote that I couldn't understand the language:


I don't think the lack of replies is any message other than a thread asking for information on something new and/or unfamiliar gets buried under a mountain of shitposts in this section, because so many bounty hunters just want to write the same thing over and over again in threads where it's easy to do so.  Peace.

Maybe that was a message. Also your only reference was a youtube video which is alway a bad sign.
The only Midas I found that related to crypto was an ASIC.

Great, you asked the same question I'm asking.  Wonderful.

Tell that to the folks over at 419mining with their GekkoScience Compac F that they can't seem to keep in stock.  So no input from you about how a USB stick could be used for CPU mining, I guess.  Thanks for stopping by to take a dump in my thread.

Yeah yeah yeah it looks like it's working but at what speed? What type of USB miner is this person using? This 2022 mate no USB miner can be profitable for a mining right now unless this USB miners are on a new mining algorithm like how Helium miner became a thing.

Dude this is the way how scammers get you - advertising to good or impossible things.

LOL, I have no idea what those Youtube shorts are, but that was just a strange little video.  As an aside, I'm not sure what the current fascination is with bright flashing lights when it comes to PC parts, i.e., all the RGB stuff.  One of the things in life that drives me nuts is light pollution, which makes it nearly impossible to sleep in a completely dark room if you've got any sort of electronics on.  Everything has at least an indicator light on it, and it's hard to even buy RAM that's not flashing at you nonstop.

Anyway, I don't know if this is a scam or not--and that's one of the things I'm trying to find out here.  As far as getting 12 Kh/s, you'd need something like a Ryzen 5950x running Monero Ocean, but as I said I'm kind of in the dark as to what's possible.  This could represent an advancement in CPU mining (or at least a new way to mine coins like Monero).

Thanks for the input as to the national origin.  I was hoping some members here who are into CPU mining would notice this thread and post, but I'm not getting any takers.

LOL I almost spit out my beer when I saw this video of the flashing usb sticks combined with the music:  https://youtube.com/shorts/6vmdS0kC_bw?feature=share   

I think these guys are in Indonesia, not India.  Guaranteed to be straight up snake oil, especially considering the claims of 12 Kh/s.  More than likely these things do nothing but flash bright colors, you then connect them to their pool, which prints out fake hashrates.  By the time everyone realizes its a ponzi scheme, they fold up shop.

Bump.  I'm still looking for any answers on this neat-looking thingamajig.

Whilst doing hopscotch around Youtube I eventually did a search for either "raptoreum mining" or "cpu mining" and then filtered the results by upload date (if I didn't apply that filter, all I'd get are videos from Red Panda, Voskcoin, Rabid Mining, Bits Be Trippin', and all the other blowhards that likely care more about their YT revenue than they do about mining).  The results showed this vid, this one, and maybe one other.  I was blown away because while I'd certainly seen USB miners like the Moonlander and Gridseed, the ones in these videos looked like they were mining Monero.

Doing a search I found what looks to be the manufacturer or seller of these devices, but both the videos and the website appear (to my ignorant eyeballs) to originate in India.  I'd really like to know what these huge USB sticks are and what people are saying about them.  If they're mining Monero and RTM, I'm wondering if they're some kind of CPU on a stick, if that's even possible.  Yes, I don't know much about computers but I'm trying hard to learn.

Anyone feel like taking a look at the links above and telling me what you see?

Also:  I don't mean to disrespect the Youtubers I mentioned too badly, but some of them are just so inarticulate and are obviously professional Youtubers who all follow the same algorithmic formula of 2 minutes of fluff followed by an awful musical intro and then "Let's get right into it!".  Oh, and "this is not financial advice".  If I have to hear that one more time, it's bananas for me.