Topic: [Innovamine.io] CloudMining - Legit & Paying [SCAM!!!] (Read 1036 times)

Avoid those scammers.. they shut down after they took all the money of their customers offering super high "re-invest" contracts for just a few weeks so you could never reach your ROI. Then they cleaned the withdrawal function, deleted their 4000+ Telegram group, their Facebook account and there is no way to contact them. They contact you to invest another 0.5 BTC to re-activate your account which is a scam too. All that scam with the poor excuse of "we have been hacked".

Hello,

How to find the guy's house, maybe faked.
Check out the innovatrade PTY registration docs here: https://drive.google.com/open?id=1kxZ8vWGNJWDGnzwCSHigQLNBJq0xSLnP

I managed to pull out more than I put in before it fizzled this week when I saw the 50% coupon they issued. Knew it was a final move to get as many people to deposit as possible before they pull the plug.

For reporting, this should help, maybe something will come out of it...
The below post has all the URLs and information that is needed to report a scam to the Aussie authorities.

https://www.reddit.com/r/InnovaMine/comments/cdm1kt/reporting_innovamine_scam/

At the very least, someone should probably report innovatrade on the Australian securities commission. I will likely do it but I’m no expert.

This is unfortunately the price of high risk high reward type investments. Sorry to see a few people losing large sums - it was looking promising for a while as more and more people were receiving daily withdrawals close to ROI.

I think this is quite straightforward.
It was a nicely executed ponzi scheme, as per this post, they moved all the ETH from their coffers and the site is unreachable.

https://www.reddit.com/r/InnovaMine/comments/cdxgg9/ether_on_the_move_today_now_an_exit_scam/

I actually thought this may be legitimate - the payouts weren't as obviously over inflated as other sites I have seen.  Been withdrawing profits daily - got back about half of what I put in.  Are there ANY legitimate sites out there ? 

The withdrawal options is no longer available.
I don't think they are Australian they seem more like Ukrainian or indians

Support is no longer functional
Ive just lost 3000usd

Yeah with their coupon +25% and now +50%... as i said high probability to be a ponzi.

I think they pulled through the exit scam, but considering they are registered in Australia is there anything anyone can do to get them to legally pay reparations?

Edit as of 06:55: Website appears to be back online, but it says to contact support to confirm withdrawal. I have never had this happen before. Do not invest.

Site seems to be offline and they deleted the telegram channel, cash outs are not possible anymore.

I guess they exit scammed. Hard lesson learned in crypto world. If something seems to good to be true.....

hello

today i can't make a withdraw, are innovamine still paying? in my opinion today stop paying, and also disable chat.

please give me replay how it looks like in your profile.

I can confirm. My investment is also back and secure in my walltest. I mine BTC, BCH and ZEC.

Today I've added additional hash power to BTC. Let's see if this was a wise move.

You can use my coupon

GETSEVENTOP

this will give you extra hash power on top of each purchase.

I made my investment back already and I've figured out how to get the best bonus %... If you want the maximum hash bonus available, use the coupon code ULTRAHASH whenever you deposit and you will get the max bonus hash

Hard to guess, if it is a sustainable. The profits are insane when you calculate with reinvestments.

Your calculator shows it in an easy way.

I continue shilling my coupons. The reason is that both profit from it.

Use GETSEVENTOP to get 6% additional hash power on each purchase.

Yeah, I can confirm that they are somewhat sketchy. Also, with my calculator it seems like it becomes unsustainable for them between 9-12 months (depending on how many people reinvest). I was a member of gaw miners and zen miner when they first had that, and this is a little reminiscent of that. However, it does say that you can schedule a meeting, although it looks like the first available date is in August. I would like to point out that due to the amazing rewards right now, there is either a possibility of them being a ponzi scheme, or simply that they will have to increase the prices of their mining contracts (I think other companies have done this before).

I can only show people sharing their coupons there... I do also use innovamine but i am far more sceptical.

I have made 3 withdrawals and get my investment back in about a month. So until now i have nothing to say about that, it works (until now).

BUT and there are 2 major issues i see:
- WHO are they?! Found absolutely nothing about the owners / team. But i can confirm the company is registered in Australia.
- WHERE is the farm? Didn't find the address.

Those are 2 necessary informations that need to be provided. Until i don't get those, i will consider this as potential scam (and ponzi scheme) since we cannot confirm the infrastructure is truely running... Plus, there are getting a debit card, news are there to make you invest.

Using this with extreme caution.

I can confirm that this website is still paying, as here is a withdrawal that was processed instantly
https://www.blockchain.com/btc/tx/a1e3ca96a49710401d3c25391d17ebcf9fc1df40b1b9db967a6e42d91094c107

I have also programmed a calculator in Python that can be used to calculate the amount earned (assuming reinvestment), you can use it in an online python compiler (such as repl.it) if you don't have python installed

Please also consider using my coupon for 6% off SIXFREEEXTRA if you found this calculator helpful. I would greatly appreciate it.

Against all odds and negative comments, the page is still online and paying.

They even announed a debit card and visits to their mining facility. Great!

If someone wants to invest, here i a code to receive 7% additinal hash power:

GETSEVENTOP

You can enter during purchase.

Today innovamine published details of the planned debit card. If this would come true, the opportunities will be amazin.

If you plan to invest, use to coupon:

GETSEVENTOP

to receive additional hash power.

Text from their mail today:

More on www.InnovaMine.io the Debit Cards

Following our announcement of the all-new InnovaMine Debit Cards that is set to launch at the end of July, here are a few tidbits we consider useful for the use of the card.

The Debit Card allows you to get your cash fast and conveniently. The InnovaMine MasterCard supports withdrawal from any ATM in the world and is also great for making payments for purchases online and at stores whenever you want.

Fees, Payments and Limits
 

    To another Innovamine Debit Card Holder - There are no charges for this transfer and you can move from a minimum of $1.
    From another Innovamine Card Holder - There are no fees for this feature. The minimum amount to be received is $1.
    From other bank card to InnovaMine Card - 2.6% is the charge for money received. Minimum transfer amount is set at $10 and maximum is set at $1500.

 
Maintenance Fees - Service for an account inactive for more than 12 months is $3 per month
 
InnovaMine Card Fees
 

    To Order a card costs $5.95. Card servicing is free, however to have another card reissued is set at $6.95
    Standard Delivery costs $15, but Express Delivery for ordered card would cost $45
    It is free to Top up card from innovaMine account and to Fund transfer from card to InnovaMine account
    $1 is charged for every Pin Code Change.

 
Cash withdrawal fees
 

    ATM and manual cash withdrawal is $2.60
    POS-transactions are Charge Free.
    Card account which has been inactive for more than 6 months attracts a monthly charge of $10 from InnovaMine account.
    No charges for Chargebacks/disputes
    Card account closure is free

 
Cash Withdrawal limits
 

    The maximum amount per operation is $5 000
    Daily limit is set to $5 000 for each card

 
POS-transactions
 

    Daily limit is set at $20 000 set to 200 operations.
    Limit for 4 days is $60 000 set to 500 operations.

 
Add Funds to Card from InnovaMine Balance
 

    The minimum amount per transaction is $10
    The maximum amount per operation is $10 000
    Daily limit is $10 000
    5 operations are the maximum per day.
    Limit for 4 days is set to $40 000
    Maximum amount on a card is $75 000

 
Countries accepted - Countries will be announced more closer to the end of July when we start accepting orders. All Europe and Asia will be included, detailed information soon to come.
 
Got any questions? Feel free to hit us up on our official Telegram page, or send us a mail now to [email protected]

You’re with the best team!
From your family at Innovamine
Happy Mining and Profitable Trading

The next positive review.

One thing to add. There are currently no 7% coupons available. Maximum you can get is 6%.

One of the coupons is GETSEVENTOP

Hi until now I'm very happy with Innovamine. Profits are very well. The amount I started a month ago is doubled.

If you want to try feel free to use this code with gives you 7% extra mining capacity NEWMEMBERINNOVAMINE

I'd like to share three medium.com articles:


Genral Introduction
https://steemit.com/bitcoin/@cryptocross/innovamine-io-a-cloud-mining-company

Investment Strategy
https://steemit.com/bitcoin/@cryptocross/innovamine-innovamine-io-high-risk-high-reward-investment-strategy

How to use coupons
https://medium.com/@cross_crypto/innovamine-innovamine-io-how-to-guide-get-free-hash-power-using-coupons-403e16bb577c


Hope you enjoy.

Might be that innovamine.io has reduced max bonus. But it does not go do with each purchase in general.

If you like, you can try GETSEVENTOP as coupon code.

I am new at Innovamine, can I use the same coupon over and over when buying hash power?
Btw, my coupon "COMICPLUS" now show 6%. But when i just create it show 7%. Does it go lower after each successful activation?

oh, so you're right, some are actually doing 6% now.  Including thatSEX coupon I mentioned.

Hmm, odd, it's loading fine now and all the missing stuff on my account is back.  Odd..


Anyways, regarding coupon codes, There is a lot of misinformation going around, people trying to trick others into using their codes.
All I have to say is Check the tooltip for the coupon code before you use it, and it'll tell you how much it'll add.
Better yet, Go to the coupons page and make a coupon When you first make one, it'll say 6% but then when you refresh it says 2%.  This is where a lot of the confusion comes from
I just checked your "GETSEVENXTRA" coupon code, it gives 2%, just like all the others. Stop lying to people.

Anyways, the best coupon code is "SEX"
it gives 2% just like all the others.

Have you been in contact with their mail support?

I just checked the site and it is loading fine. Also I did some reinvest this morning and also this was ok.


Concerning codes: There are codes that give >=6% additional hash power. One of them is GETSEVENTOP

Yesterday I re-invested all the BTC my contract had been making, it showed the correct hash power last night.  This morning it's showing the same hash power as I had before I re-invested, but all my BTC is missing from my account.  Tried contacted on Telegram to find out what was going on and was banned and now the site isn't loading.


If the site comes back and ends up not being a scam like I'm thinking, use my coupon code if you want.  FIXSIX
All coupon codes are 2%, not 6%, some people will lie and tell you their code will be more than 2% because they want you to use theirs.
Don't use a liars code.  You can check this when you enter a coupon code, scroll down to the bottom of the page and mouseover it, a tooltip will show up saying it's +2% to your hash power.
Check the codes posted here, they all say 2%.

The confusion about 6% is on the coupon page it originally said 6%, and when you first make a coupon it says 6%, but then when you refresh the page it says 2%.

Do you have any proof? I'm happy to hear your feedback. I've already invested and get paid every day.

Might be that it will not last forever. But what if their plan works, you will loose a massive chance.

And why in hell should someone register a pyramid scheme at Security and Exchange Commission?

Anyhow, I believe in this and if you like you can use my coupon:

GETSEVENTOP

to get additional hash power on each purchase.


I'm also happy to have further discussion if innovamine is legit.

All these cloud mining services are ordinary financial pyramids.

That is absolutely in line with my experience. Instant payments in every available crypto.

If anyone wants to join, the coupon GETSEVENXTRA is still valid and gives 7% additional hash power on top of each purchase.

I have account on innovamine too, and i several times withdraw and deposit. Withdraw is fast, few second and mined bitcoins are in wallet.

Great news from Innovamine.io

They are planning to issue a debit card:

For details:

https://innovamine.io/dash/card

This is massive news!

If you like to try innovamine, you can use the coupon:

GETSEVENTOP

This will give you 7% extra hash power on each purchase.


I've done several cash outs in ETH, BTC, LTC and BCH in the last days and all was paid instantly.

Hi, So, I know you wanted to experiment with mining cryptocurrency and so decided to generate this BTCBEST for you. The coupon code will help you get 7% extra computing power which in the world of cryptocurrency helps a lot. https://innovamine.io/id/199334

Hi,

I have invested couple weeks ago around 1000$ and so far I received around 50% back.
Payouts work almost instantly, and you can track payouts on blockchain.
So far I am very happy with platform.

I found couple of coupons that really work and give you extra 7% hash power!!!

This is the list of coupons that work 100%:
____________________________________________

LUCKYSEVEN

THBONUS

MDKSUPER
____________________________________________

You can apply these coupons on dashbord page to get extra 7% on each purchase.
If it doesn't work, sometimes you need to enter them lowercase (luckyseven).
Hope this helps.

Good luck mining!

Just want to give you an update on my experiences so far:

I'm now cashing out daily for another 6 days in a row without problems.

Support ist still responsive and membership is growing.

Whoever has a bit of money left to gamble and to invest in high return chances, you should do.

With the current $BTC run, the daily profit is >3%.

If someone wants to join, please feel free to use the coupon:

GETSEVENTOP

This will give you 7% additional hash power.


#######
To make it clear - I'm not a member of innovamine.io - I just feel that I have found something unique in cryptospace and want to share the information with you.

First proof of payment:

Hi all,

Use this coupon code to get 6% more mining power. --> WeLoveMiningWithInnova

/noldy

Hi everyone, I registered on InnovaMine and I must say that it is a great cloud mining site right now. Pay every day and take advantage of it now that the btc is on the moon. Here Bonus Code to get 2% extra Hashpower. "ZEROCOM"

So I bought one ETH contract $100 and two BCH contracts for ~$900 and I've earned back $421 since 7 June.  I was getting starry-eyed and managed to pull my head out of my ass and decided if I was going to add more I might as well spend money on some research.  So I bought the attached documents from the Australian government for roughly $70 dollars. Short of going there my self, I can't make much out of the information. If anyone can dig a little. Maybe someone who's from there can visit the addresses. I'm still not confident to add more contracts. The only thing Daniel, supposedly the owner, in responding to my email about his sustainability, said they earn trading fees which are used to boost pay to mining contracts.  BUT, their trading page is a load of crock.

The 201 Sussex st address in the docs shows a big business park. I can't make heads or tail whether innovatrade own the whole place or its one of those mailbox services that pose as real business addresses.

Check out the innovatrade PTY registration docs here: https://drive.google.com/open?id=1kxZ8vWGNJWDGnzwCSHigQLNBJq0xSLnP

I get a commission when someone uses the code above mentioned. That is true.

The aim of this thread it still to give other members the chance to also participate from this project. Imho this is one of the main goals and targets of a community based forum.

And on top I would be happy to hear some thoughts from you guys if this company is real and has the chance to survive.

cmon guys..check the profile of ChrisCross86
since nov 2018 he didnt post anything. and now suddenly..BOOM he starts a new thread promoting an this (very likely) ponzi scheme. someone hacked this account or he bought this account with some reputation..

Thanks, I'll look for more information on this website

The website is not really user friendly. It took me also some time to find the company. Here is the link:

https://connectonline.asic.gov.au/RegistrySearch/faces/landing/NameAvail.jspx?_adf.ctrl-state=wwga1tr97_4

Ok, very good to know, but can you send me the link where I can find Innova Mine on SEC Australia, because it's easy to say that, but I searched and found nothing
I hope you can send me

you are such a shill. im pretty sure you get paid by them or are working for them

You find them on the SEC Australia website via the search.

I'm still happy and get paid every day - if someone wants to try, you can use the following coupon:

GETSEVENTOP ---- This will get you 2% additional Hash Power

They provided some documents to prove they are a real company registered in Australia, but I searched and I found nothing...
The official website to look is https://asic.gov.au/

I appreciate your feedback. Can you point out what in detail looks scammy for you?

site looks scammy as hell
cant find that biz number registered anywhere ( 631 027 391)
i personally wouldn't give these dudes a penny, we have reputable places like hashnest
why risk it?

too good to be true is never a good sign in the crypto world. especially with cloud mining involved. if you're going to invest in this, just do what you think you can afford to lose.

Might be wise to watch how they develop or just start with a small investment.

Coupon: GETXTRAHASH gives additional Hash Power when buying a contract.

I have some experience in cloudmining. for now, it seems like I want to monitor the development of this site in advance. however, cloudmining is a bit risky. well, we can't prove the seriousness of the site within a few months. so, I will only see this development for a while.

haha
"And even if they are only online 40 more days after your initial investment, your invest is already back."

so 40 days ROI? i smell ponzi.

And ETH is the Crypto with the lowest profit. My gut is not yet 100% convinced. But possible returns are so extremely appealing and get even more promising when you take a rising BTC price into account.

And even if they are only online 40 more days after your initial investment, your invest is already back. Afterwards it is pure profit.

I have done an excel calculation with cash out phase of 40 days until invest is back and 50% reinvest / 50% cash out afterwards and the possible gains are huge.

True that.
According to their calculations and such. Investing $40 for a basic 2 years ETH contract with everything included (10MH/s) will net ~$100 a year which is really good but if the profitability is that much.
Then why to sale hashrate rather than mining for themselves?

The website is really well done and all seems legit but still, I won't ever recommend Cloud mining because of its nature.

It seems like a good project but maybe these will soon be clone of Genesis mining if they are legit and paying above normal.I saw the video and they have equipment available but they should give us a bit more information.

The question we all ask here is why share it with others when is profitable for you?As long as I don't have a good answer to this question I am staying away.

.... so is it 2%? or 6%?


Agreed.

-j

FROM CURRENT POINT OF VIEW, it seems as if thex exit scammed. Don't invest!


Dear all,

I would like to share information on an upcoming cloud mining provider. I'm using them for 4 weeks now and they are constantly paying, have a great support and are paying far above average.

I follow two goal with this thread:

• Share the great opportunity with you
  
• Get your honest view on innovamine.io

My personal summary

-The website is up-to-date with all neccessary security features and cash out happens instantly.

-Support in telegram channel is helpful, friendly and close to 24h online.

-Great benefits available
---Use Cou#pon Code: GETXTRAHASH to receive 2% bonus hashrate on top of each purchase

-Technical support per e-mail is fast and reliable

-The company is registered in Australia and reviewed by SEC

-The 3 heads of the company are real life persons - see one pager / white paper

-You can mine BTC, BCH, ZEC, ETH, DSH, LTC

-The are planning to increase the facility according to telegram admin

-I recommend to calculate gains, taking compound interest into account - the possible gains are huge, when reinvesting gains
---Current interest BTC: 2,14% per day!!
---Current interest BCH: 2,34% per day!

-All in all it seems to be to good to be true



Useful links:

User Review
https://www.cryptocompare.com/mining/innovamine/

Website
https://innovamine.io/

One Pager / White Paper
https://innovamine.io/Innovamine_ONEPAGE.pdf

Australian SEC Registration
https://innovamine.io/registration.pdf

Link to Sec Website
https://connectonline.asic.gov.au/RegistrySearch/faces/landing/NameAvail.jspx?_adf.ctrl-state=wwga1tr97_4

Bonus Code to get 2% extra Hashpower
GETSEVENTOP

Link to SEC documents on a Google Drive, credits to kainhnl
https://drive.google.com/open?id=1kxZ8vWGNJWDGnzwCSHigQLNBJq0xSLnP

Steemit - Article explaining basics
https://steemit.com/bitcoin/@cryptocross/innovamine-io-a-cloud-mining-company

Steemit - Investment strategies
https://steemit.com/bitcoin/@cryptocross/innovamine-innovamine-io-high-risk-high-reward-investment-strategy