Shamining Review
Shamining
shamining.com
Shamining Website Review
Shamming is essentially a cloud mining platform where everyone is given the opportunity to start mining cryptocurrencies remotely, even those without much experience historically. The company was initially launched in 2017 with the goal of providing powerful cloud mining services on a global scale.
According to the website, they have a mining farm with powerful computers that are on offer for miners to rent out and potentially make a profit out of renting them in the long term. There are multiple data centers located on a global scale.
To truly see what the Shamming website and service actually has on offer, we are going to go over just about everything that the website offers, so you can have a clear understanding of what you can expect the moment you decide to visit the website.
Shamining Website
From the very moment you enter the Shamming website, you are presented with a plethora of information that aims to showcase what you can expect through the adoption of their solutions.
From the top navigation bar, on the left corner of the screen, you can clearly see the Shamming logo. Right next to it, towards the middle of the screen, you will see the various categories on offer, which include:
- Questions & Answers
- Our Team
- Our Data Centers
- Terms of Use
- Contact Us
But before we dive too deep into those, we will go over everything else that can clearly be seen on the main page. You have a language selector on the right side of the screen, which includes 12 languages in total, including Russian, French, Turkish, Spanish, Italian, and others. After that, you have the Login button, as well as the Register button that can be clicked on or tapped on, depending on the type of device from which you are visiting the website.
As you scroll further down, you are greeted by what is known as a welcome offer, where you get a +37% bonus by simply creating an account.
Further down, you are given some basic statistics and calculations on the website. These are typically updated on a regular basis as the service grows. However, as of March 2022, the minimum deposit amount is $250, and the average income multiplier is 1.43x. Additionally, the website promises that if you invest $1,000, you can withdraw $1,400. Furthermore, the website claims that it offers 24/7 fast payouts, and instantaneous withdrawals, alongside having over 70,000 cryptocurrency investors, ever since it was launched back in 2018.
Then right underneath that menu, you have the "how do I get started" guide, wherein three simple steps, the website explains how you can get into mining.
- Step 1 involves the account creation process, after which you will need to verify your identity.
- Step 2 involves making an investment, where you will essentially rent and start your miner.
- Step 3 involves receiving your money, where they claim that you can get passive income and monitor your statistics at any point in time.
This three-step simplification of how everything works is excellent and contributes to customer confidence prior to the account creation process. However, further down the line, we can see that the website is extremely beginner-friendly. You get a quick text that explains what Bitcoin (BTC) is, what cloud mining is, and how it works, alongside more information about the Shamming project.
As you scroll further down, you are greeted by solid, material-design based animations that are artistic representations of miners that spin in a circle.
The advertised miners here are the Lite Power miner, which is a starter miner with low profitability, as well as the Pro Power miner, which represents a cluster of miners with high profitability.
Then there's the mobile application showcase, which indicates how you can invest online from anywhere and control your miners from just about any device that you own. Additionally, you are also given the ability to make withdrawals from anywhere as well.
Another solid addition to the website is the fact that right underneath this screen, you have a live feed on the value of the Bitcoin (BTC) cryptocurrency token. You are given an indication of how much 1 BTC is worth at the point in time when you visit the website.
As we move further down the website, you have the “Choose your contract” menu, which showcases different types of mining options you can choose from throughout the account creation process.
Here, are they are split across a total of four categories, including:
- GPU Miners 1
- GPU Miners 2
- ASIC Miners
- Individual
The interesting part about each of these is the fact that they are split across numerous categories, all of which represent the statistics they can provide. These are split across the mining currency, power, price per 1 GH/s, profitability, and availability.
For example, the first GPU miners have a power of 25,580 GH/S, while the second has a power of 94,340 GH/S.
Then, there's an interesting menu right underneath it. It says, "Can't decide how powerful a miner you want? Try our calculator!" and essentially lets you calculate the income on the spot.
Here, you can simply enter your investment amount in the form of USD, after which you get a calculation of the GH/s, as well as the daily income, monthly income, and yearly income. Here, you also get calculations based on the bonus power you get at the time of your purchase.
Note that the website claims that you need to have a contract of a one-year period in order to get started, so you cannot really test things out or try it out for a week, for example.
Underneath that section, there are a few Frequently Asked Questions (FAQs) answered for the users, and then you have a clear image of the partners that Shamming has. Here, Bitcoin, Visa, MasterCard, Litecoin, and Ethereum are listed as partners.
Additionally, underneath that menu, there is a list of the press mentions, which include MarketWatch, Bloomberg, Benzinga, CoinPedia, The European Business Review, and CoinGape.
At the very bottom of the page, you have information about the company, as well as support.
Another interesting aspect about the home page is that on the bottom right corner of the screen, there is always a live chat support box available, where you can talk to the support team and get any questions you have answered.
Shamining History
The Shamming website was launched in 2018, and based on information provided by the website itself, it currently has over 70,000 cryptocurrency investors, with an average income multiplier of 1.43x and a $250 minimum deposit.
This means that the company has been active within the market for a long time period.
At the start of 2018, the team behind Shamming wanted to create a unique product within the field of cryptocurrency mining. As such, initially, they outsourced and offered to rent their farms to companies; however, throughout the end of 2019, they made the decision to create a product for individuals as well, and this is what eventually became the Shamming we all know today. Every single team member, according to the website, is dedicated to their own specialization and aims to offer a high-quality platform for cloud mining.
Shamining Functionality
Shamming essentially provides what are known as cloud mining services. Cloud mining is a service, or a mechanism of sorts, which allows users to mine cryptocurrencies, in the case of Shamming, Bitcoin (BTC) specifically, using rented cloud computing power, without the need to install and directly run the hardware and related software.
In other words, cloud mining companies such as Shamming let people open up an account, through which they can remotely participate within the process of cryptocurrency mining, on the amount they agree upon.
This is intended as a means of making the overall process of mining a lot more accessible to people who aren't really that well-versed and tech-savvy but still want to enjoy the benefits of mining cryptocurrencies. Shamming offers cryptocurrency mining services conducted through the cloud, which in turn reduces issues such as maintenance or equipment costs.
Shamming Data Centers
Shamming currently has three data centers on a global scale.
- The first Is in San Jose, California, USA.
- The Second is in London, United Kingdom.
- The Third is in Cape Town, Western Cape, South Africa.
Additionally, Shamming claims that the farms are located only in the sunniest regions and mostly use green energy from wind as well as solar power plants as a means of being powered and remaining online.
Profitability Estimations
The platform promises profitability which is dependent on the contract the user has selected. There are different types of contracts that are on offer at Shamming, which include:
- GPU miners with the power of 23,580 Gh/s and profitability of 143% with a cost of $0.0120 per 1 GH/s.
- GPU miners with the power of 94,340 Gh/s and profitability of 143% with a cost of $0.0113 per 1 GH/s.
- ASIC miners with the power of 235,849 Gh/s and profitability of 143% with a cost of $0.0109 per 1 GH/s.
- Individual miners are priced based on the specific configuration that the user ends up picking.
Shamming Customer Support
In terms of the customer support level users can expect from Shamming, there are numerous ways through which they can be contacted.
For one, you always have the live chat support box open on the bottom right corner of the screen at any point in time. However, there is an alternative method through which they can be contacted, and this includes the email support system. Here, by sending an email to [email protected], you can also find a solution to your question.
Pros and Cons of Shamining
Shamining Pros
- The overall process of creating an account and setting up a miner is extremely simple.
- The minimum investment requirement is low.
- There is 24/7 availability in terms of the support
- There are multiple deposit and withdrawal options available.
- The platform is available on both desktops as well as mobile devices.
Shamining Cons
- There is only the availability of mining Bitcoin (BTC).
- You are required to complete a Know-Your-Customer (KYC) procedure as a means of becoming verified to use the service.
- There is risk involved with the process of cryptocurrency mining, as there are sudden shifts in the value of Bitcoin (BTC), which could potentially lead to a loss in value.
The Bottom Line
Overall, the Shamming website is well thought out and offers a simple yet elegant material design that follows the latest trends within web design. In terms of the adaptability of the website, it is fully responsive and re-shapes itself based on the resolution and the device it is being opened from.
The service also looks solid, as the calculations in terms of the return investors get from cloud mining are well showcased, and the custom calculator and custom miner setup are elegantly presented.
Frequently Asked Questions (FAQs)
What does GH/s stand for?
GH/s is short for gigahash per second and essentially indicates a unit of measurement of the computer or miner's computing power. It is used as a means of figuring out the technique's speed of performing an operation while using cryptographic code. This indicator plays a major role when calculating passive income, and the higher the hashrate is, the more productive the technique proves to be, which means that the investor will mine more cryptocurrency as a result.
When Are the Payment Deadlines in Regards to Using Shamming?
The payout system is fully automated, and each investor can get a certain amount of money within their account on a daily basis. Keep in mind, however, that there can be technical delays of up to 24 hours at the most.
How Does One Miner Differentiate Itself from Another Miner on Shamming?
On the Shamming service, each miner differentiates itself in terms of the GH/s it can provide. The more GH/s, the miner, has, the more income they can provide to the investor.
What Is the Minimum Amount a User Can Withdraw from Their Account?
The minimum account a user can withdraw from their account is equal to 0.001 BTC.