IQ Mining Reviews 2025: Scam or Real Earnings with Cloud Mining?

IQ Mining is a cloud mining platform launched in 2016, allowing users to earn cryptocurrency without buying their own equipment. The service offers remote mining of Bitcoin (SHA-256), Litecoin (Scrypt), Ethereum (Ethash), and a range of other altcoins, switching to the most profitable ones thanks to its “smart-mining” technology. In other words, by purchasing a contract from IQ Mining, the user rents data center computing power and receives cryptocurrency rewards. Payouts are credited daily and automatically, starting from the first day of the contract. According to the company, by 2019 it had more than 84,000 clients who collectively earned over $10 million through mining. Thanks to its low entry threshold and ease of use, IQ Mining has gained considerable popularity among beginners, but it has also accumulated numerous conflicting reviews and questions about the transparency of its operations, which we will discuss below.

How Does IQ Mining Work?

IQ Mining manages a fleet of mining equipment in distributed data centers worldwide — the company claims that the farms are located in China, Russia, Algeria, Canada, Iceland, Georgia, and elsewhere. Such geographic spread is intended to reduce risks (for example, local power supply interruptions). A user of the service purchases remote computing power (hashrate) for a fixed period. Unlike traditional mining, there is no need to deal with hardware or pay for electricity — the company takes care of all technical aspects.

Algorithms and Smart-Mining

IQ Mining provides contracts for different algorithms: for instance, SHA-256 for Bitcoin and related coins, Scrypt for Litecoin, Ethash for Ethereum, and so on. The key feature is the Smart Mining technology, thanks to which your purchased power automatically switches to the most profitable cryptocurrency within the chosen algorithm. In other words, if at some point Ethereum mining is less profitable than an alternative Ethash-based coin, the system will redirect resources to the more profitable coin. According to the developers, this increases efficiency and reduces costs by about 30% compared to competitors. Meanwhile, users can receive payouts in their chosen currency — for example, mine various altcoins but collect payouts in Bitcoin, BCH, or the USDT stablecoin.

Data Centers and Equipment

Although the company claims global data centers, there is not much proof. An official YouTube video features an engineer named Georg Virsky, but independent confirmation of real mining farms is lacking. The IQ Mining team and owners are also not publicly disclosed, which is typical of many cloud services. This has raised questions about transparency — some experts note that without evidence, it is hard to be sure clients’ funds are genuinely invested in mining rather than a pyramid scheme. Nevertheless, from a technical standpoint, IQ Mining operates similarly to other cloud mining platforms: your contract generates crypto rewards proportional to your share of rented hashrate, accounting for operating expenses.

Rates and Contracts

Contract options: IQ Mining offers flexible rates for different durations and levels of computing power. There are both fixed-term contracts (1 year, 2 years, or 5 years) and lifetime (perpetual) contracts with no time limit. Since late 2018, most of the sold contracts have been perpetual, although term-based options reappeared later — usually at a lower cost than lifetime. For example, in 2019, the company introduced a USDT-denominated contract with a declared yield of 120% annualized — effectively doubling the initial investment in about 10 months. There are also Pro contracts (e.g., SHA-256 Pro, Scrypt Pro), which imply mining a broad portfolio of hundreds of altcoins and, according to the service, offer higher profitability (thanks to the same smart-mining principle).

For instance, at the time of evaluation, the SHA-256 Pro contract showed an expected return of 103–169% per year, while a regular SHA-256 contract was around 8–11% annually under the same hash power conditions. The SHA-256 BCH contract lets you mine altcoins with payouts in Bitcoin Cash. Separate contracts for Ethereum (Ethash) and Litecoin (Scrypt) were also available (though Ethereum contracts were temporarily unavailable at the time of one review).

Cost and Minimum Amounts

Contract prices depend on the algorithm, term, and amount of purchased power. The minimum entry threshold is very low — around $4–5 (for example, a 500 GH/s package for SHA-256 cost about $4.8). The base price for SHA-256 power is around $9.8 per 1 TH/s per year, with a volume discount system in place. The more hashrate you buy, the cheaper each GH/s becomes. For instance, for a lifetime Bitcoin contract at the Bronze level (up to about 1200 GH/s), the price was $1.5 for 10 GH/s, at Silver (from 3000 GH/s) $1.2 for 10 GH/s, and at Gold (from 30,000 GH/s) $0.9 for 10 GH/s. There is even a Diamond level for investments from $50,000, which provides additional bonuses (such as +5% hash power, a personal manager, participation in raffles, and even a gift — a new iPhone). Thus, large investors receive a significant discount on power. On the other hand, the more power you purchase, the higher the absolute risk, so such gradation is probably more of a marketing tactic for motivated participants.

Fees and Profit Calculation

The user’s profit is calculated as the mined cryptocurrency minus the equipment maintenance fee. IQ Mining charges a daily maintenance fee for contracts — for SHA-256, it is $0.001 per 10 GH/s per day (for Ethash, $0.00013 per 0.1 MH/s, for Scrypt similarly to SHA in terms of GH). This fee is automatically deducted from your daily income. As a result, if mining profitability drops or network difficulty rises, it may happen that all mined Bitcoin goes to cover the service fee — such situations have indeed been reported by users (see reviews section). The IQ Mining website offers a convenient profitability calculator that lets you select the contract type, duration, and investment amount, then shows the projected daily, monthly, and yearly income. For example, if you specify $500 on SHA-256 for one year, the calculator displays an approximate profit in BTC and USD, as well as the payback period. It is important to understand that this projection is not guaranteed — actual returns depend on many external factors: crypto exchange rates, network difficulty, halvings, data center uptime, and so on.

In general, IQ Mining’s rate lineup offers a wide selection and potentially high contract profitability. You can choose a low-cost one-year plan as a trial or purchase a large amount of power for an extended period. However, promises of extremely high returns (over 100% per year) should raise caution — there is no guarantee they will materialize in practice.

How to Start Mining on IQ Mining?

Getting started with the platform is fairly straightforward and involves several steps:

1. Registration. Go to the official site iqmining.com and click “Start Mining” (Sign Up). The registration form requires your first and last name, phone number, email, and a password. Registration is free; there is no account maintenance fee. After entering your details and confirming the captcha, click “Register.”



2. Log in to the personal account. After registration, log in using your email and password. The IQ Mining user interface is quite simple: there is a “Mining” section (shows purchased power, balance, daily income, and projections for different periods), an “Account / Buy MH/s” section (for deposits and contract purchases), “History” (transactions and operations), and “Account” (personal data, security, etc.). Beginners also have access to online chat support on the website to ask questions in Russian 24/7.
3. Account funding. To purchase a contract, you need to deposit funds. IQ Mining supports both cryptocurrencies (Bitcoin, Ethereum, Litecoin, Dash, Zcash, etc.) and fiat methods (Visa/MasterCard bank cards, payment systems like Perfect Money, Yandex.Money, and more). Funding occurs at the same time as the contract purchase — there is no separate balance on the account; payment is immediately linked to the contract. That is, you choose a contract and pay for it with the selected method. If you pay in cryptocurrency, the service generates a wallet address to which you send funds (you have about 60 minutes to complete the payment). When paying by card or electronic money, a minimum amount may be required (for example, the equivalent of $10).
4. Selecting an algorithm and contract. In the “Buy MH/s” section, choose the mining algorithm. For BTC, it’s SHA-256; for LTC, Scrypt; for ETH, Ethash, and so on. At the time of writing, some altcoins (like Dash, Zcash) could be temporarily unavailable due to lack of contracts. Enter the desired amount of power, either with a slider or by inputting a figure directly. The service will display an income estimate based on your selection: projected daily, weekly, monthly, and yearly earnings, as well as the total contract cost including fees. Note the minimum required volume — if you specify less than the threshold (for example, 500 GH/s for SHA-256), you cannot proceed with the purchase. Choose the contract duration (if there is a choice between 1, 2, 5 years, or lifetime). At this stage, you can enter a promo code for a hash power bonus if you have one — IQ Mining occasionally distributes promo codes for an extra 5–20% hashrate. Also, make sure the payout currency is correct (it usually matches the algorithm, but Pro contracts may let you select a different coin).



5. Paying for the contract. Click “Pay for Contract” and follow the instructions for your chosen payment method. If paying with cryptocurrency, send the exact requested amount to the provided address. If paying by card, enter your card details as in a standard online payment. Once the transaction is confirmed, your contract is activated. Typically, mining starts within a few minutes (up to an hour) after payment.
6. Receiving income. Now you just monitor the contract in operation. Every day after midnight, your mined cryptocurrency minus the maintenance fee is credited to your internal balance. The “Mining” section shows current earnings, the accumulated amount, and daily/weekly/monthly statistics. For example, a real scenario: with about 40,000 GH/s, the gross daily income was 0.00157 BTC, of which 0.00050 BTC was deducted as a fee, leaving a net profit of ~0.00107 BTC per day (≈$8.5 at that rate). Such calculations help you see if the contract is meeting expectations. If you have enabled the reinvestment function, your earnings can automatically go toward purchasing additional power, gradually increasing your hashrate.
7. Withdrawing funds. Once you reach the minimum withdrawal amount (detailed below), you can withdraw your accumulated cryptocurrency to an external wallet. In your account, go to “Account” → “Withdraw,” choose the currency, and enter the address of your crypto wallet. The service processes the request within 24 hours. Funds will be sent to your specified address, after which you can manage them — for example, sell on an exchange or store them in a wallet. That completes the cycle: the contract will continue to generate daily income until the end of its term (or indefinitely, if you have a lifetime contract and it remains economically viable).

The entire process — from registration to your first payout — can take under 24 hours, which is quite convenient. Indeed, getting started with IQ Mining is not technically difficult; the main question is how reliable these earnings are.

Withdrawals

Officially, the service promises fast and convenient payouts: earnings are credited daily automatically, and withdrawals to an external address are done on user request within 24 hours. The minimum withdrawal threshold is relatively low — for Bitcoin it is 0.001 BTC (around $25–30, depending on the rate). For other coins, the threshold is also small (for example, about 0.1 LTC for Litecoin, ~0.01 ETH for Ethereum, etc.; exact values may change). The company does not charge a separate withdrawal fee aside from the standard blockchain network fee. That is, if you withdraw Bitcoin, the corresponding miner fee is deducted from the withdrawn amount (either user-set or a fixed average rate).

In practice, many users reported issues with withdrawals. Small amounts are generally paid out without problems — there are reviews confirming successful transfers to wallets, especially in the early months of a contract. However, upon attempting to withdraw larger amounts, some clients experienced delays, account freezes, and additional demands.

Typical Complaints

The service suddenly requests identity verification for withdrawals (despite initially advertising optional KYC), which can delay the process for weeks. In some cases, even after uploading documents, the withdrawal never goes through, or the user is told they must first pay an additional “tax” or purchase a new contract to continue withdrawals — a clear red flag. For instance, one scammed investor says: “They tricked me twice — first into investing, then into paying a tax. Only after involving a third-party organization did I get my money back.” Another customer reports that after a few successful payouts, the company sharply increased the maintenance fee so that his entire daily income was consumed by it, effectively stopping payouts even though BTC prices returned to previous levels. This is a classic Ponzi tactic: initially pay out small amounts to build trust, then cut off payouts under the guise of changed terms.

IQ Mining’s official support typically refers to the contract terms, which give the company the right to adjust fees or suspend payouts if fraud or money laundering is suspected. But in reality, such arguments have been used against legitimate clients. Many call IQ Mining a blatant scam precisely because they cannot withdraw their funds. Reviews describe cases where users managed to withdraw only a small portion of what they invested, after which the remaining balance became inaccessible. Ultimately, the risk of non-payment is one of the main disadvantages of this service. If you decide to invest, be prepared that collecting any profit may prove challenging.

Advantages of IQ Mining

Despite the risks, the IQ Mining platform does have several positive aspects that have attracted many users:

• Low entry threshold and flexible investments. You can get into cloud mining with just a few dollars, choosing the exact hashrate for your budget. There is no strict tie to pre-set packages — you decide how many GH/s to buy and for how long. This is convenient for newcomers who want to test the service with minimal amounts.
• No hassle with equipment. All infrastructure — farms, cooling, electricity, miner upgrades — is “in the cloud.” Clients avoid the noise, heat, and technical complexities of running a mining rig. You simply buy a contract; mining starts automatically and generates income the same day.
• Daily payouts and high liquidity. Mined cryptocurrency is credited daily and becomes available for withdrawal (once you reach the minimum) right away; you do not have to wait for the end of the month or the contract term. This means you can withdraw your earnings daily to your external wallet, effectively making mining a passive source of regular payouts. This approach is handy, for instance, if you want to reinvest or gradually convert your crypto into fiat.
• Wide choice of cryptocurrencies and automation (smart-mining). IQ Mining offers the option to mine not only Bitcoin but also many other coins, including Ethereum, Litecoin, Bitcoin Cash, and more. Moreover, you do not have to pick one coin permanently: the intelligent system switches your power to whichever asset is currently most profitable, maximizing returns. Meanwhile, you can receive payouts in any preferred currency — even a stable USDT. Such multi-currency capability and dynamic switching set IQ Mining apart from some competitors that bind you to a single coin.
• Transparent calculator and statistics. The site has a built-in calculator to estimate potential income before purchasing. After starting mining, the personal account provides detailed statistics on production — you can track break-even points, income trends, and see all credits and deductions. This initially fosters user trust (at least in the early stages).
• Various payment methods supported. The service accepts bank cards, e-wallets, and multiple cryptocurrencies. This choice makes it easier for people who do not have crypto on hand to get started — you can buy a contract with an ordinary credit card. Similarly, you can withdraw Bitcoin or exchange it for fiat through third-party exchangers.
• Reinvestment and compounding. The option to automatically reinvest profits into additional power helps grow your income without extra external funding. The effect of compound interest can significantly increase your hashrate and daily profit over time.
• Additional services: trading and optional income. Unlike purely mining-focused platforms, IQ Mining also offers a second direction — trading cryptocurrencies, Forex, and Binary Options on an integrated platform. Users have access to a full trading terminal, various indicators, and even copy-trading (automatically mirroring trades of successful traders). For miners, this is more of a side feature, but some may consider it a plus: all financial tools are in a single account. However, be cautious — leveraged trading and options are high-risk, and mining success does not guarantee trading success.



• Promotions, bonuses, and a referral program. IQ Mining occasionally runs promotions: issuing promo codes for extra hash power (+10–20%), holding prize draws (recently giving away gadgets and even a car). There is also a referral program: if you invite a new user via your link, you receive up to 10% of their mining deposits. Some sources mention up to 20%, possibly for specific promo campaigns. Such a generous referral system has driven numerous reviews and videos encouraging sign-ups — be aware that not all “positive” reviews online are unbiased; some are partner-driven.

Risks and Drawbacks

When examining IQ Mining, it is important to consider several negative aspects:

• Questionable reliability and lack of licenses. The company is registered offshore (Seychelles) and does not disclose who actually runs it or where. Legal information is minimal, and there is no mention of any financial licenses. The website lacks a physical office address or executives’ names. Essentially, investors send their money off to an unknown entity. According to one client, the UK’s FCA regulator directly warned that IQ Mining is “not a real company, with no address, likely a scam.” If a dispute arises, there is practically no supervisory body to protect your interests.
• Lack of transparency (unclear if real mining is taking place). As mentioned, there is no concrete proof of the claimed data centers. Photos or videos of the equipment are not publicly shown, nor are audited mining reports. Critics often point this out: there is no guarantee that new investor money is not just paying older investors — basically a Ponzi scheme. A telling sign is the pattern of payouts: many note that after a surge of new clients in 2020–2021, payouts went smoothly, but once popularity faded, withdrawal problems surfaced. One user explicitly labeled IQ Mining a Ponzi scheme, describing the typical scenario: small initial payouts, then refusal of bigger withdrawals for various reasons. Without operational transparency, it’s hard to trust the platform’s claims of real mining.
• Payment issues and account freezes. This is likely the biggest negative that undermines all advantages. In 2021–2023, numerous reviews stated that IQ Mining doesn’t pay out. Some clients invested large sums (tens of thousands of dollars) and initially saw profits credited, but as soon as they requested a withdrawal, their accounts were blocked. Support might demand additional deposits or tax payments, but even after that, the money wasn’t returned. The average user rating is extremely low — only 1.2 out of 5 based on hundreds of reviews, with nearly all negative reviews related to non-payments. People feel scammed. Such a reputation is a serious warning, and the crypto community on various forums is skeptical: “99% of cloud mining is a scam,” experienced users say, lumping IQ Mining into that category.
• Possible unilateral changes to terms. The company reserves the right to revise maintenance fees and other contract parameters, and they indeed have changed them to investors’ detriment. The earlier example of the commission hike that nullified profits is not isolated. Cases of sudden drops in profitability or shortened contract durations have also been reported. Naturally, these moves are explained as responses to market circumstances, but from the customer’s perspective, they can appear to violate promises.
• Risk of losses due to market factors. Even without potential fraud, cloud mining is inherently risky. Earnings depend on multiple external conditions: rising difficulty, crypto price fluctuations, electricity costs. In a downturn, your contract may fail to break even. For instance, in 2022, when Bitcoin’s price dropped, many mining contracts yielded close to zero (all mined coins went to cover electricity and fees). IQ Mining offers no income guarantees — past results do not promise future performance. Hence, the investor shoulders all market volatility risks.
• Aggressive marketing and conflict of interest. Combining cloud mining with Binary Options on one platform is a red flag. The company is incentivized to push high-risk instruments where users almost certainly lose money. Claims like “up to 95% profit in 60 seconds” on options sound unrealistic and deceptive. One can suspect that the organizers’ main earnings come from draining users’ deposits in pseudo-trading, not from mining. IQ Mining’s advertising is replete with “too good to be true” statements: guaranteed high returns, bonuses, minimal risk. Such unbalanced promises should always make a savvy investor cautious.

User Reviews

Most real users have a negative impression of IQ Mining. On specialized websites and forums, complaints and warnings prevail:

• On major review platforms, the service has very low ratings. For example, on one site, the average score is 1.2 out of 5 from 462 reviews. The overwhelming majority are one-star reviews accusing the company of fraud. Users say “do not send them money, or you’ll lose everything,” label IQ Mining “fake and a scam,” and describe account blocks when large withdrawals are attempted. Many reviews call for contacting chargeback companies — an indirect sign that many are trying to recover lost funds.
• Positive reviews appear, but their credibility is questionable. Often they are either very old (from 2017–2018, when the service was new and still paying out small amounts) or blatantly promotional texts with referral links. For example, on Cryptogeek, a user pretended to thank an “account manager who made me $6500 from $500” — clearly a marketing ploy. Such posts are unconvincing. Authentic success stories (where someone withdrew and earned a substantial amount) are nearly absent. Even if some cases exist, satisfied investors might choose to stay silent to avoid attracting more participants and lowering their share of potential payouts.
• On forums and social media, IQ Mining’s reputation is poor. On Bitcointalk, there are threads calling the service a “SCAM cloud mining” and urging people to stay away. Users note that the project was aggressively promoted by affiliates and blogs, but digging deeper reveals no real facilities. On Reddit, you’ll find threads like: “IQ Mining is a scam — they took my money, then blocked withdrawal,” “IQMining is indeed a scam… maintenance fee suddenly increased and eats all earnings,” etc. In the Russian-speaking community, there are also exposés: crypto influencers who tested the platform concluded it was opaque and very high-risk. Traders from the MOFT community in 2022 mentioned that real profitability was much lower than stated, and “it’s hard to mine anything, you earn a little, but withdrawals are tough.”
• Examples of reviews: One user on Sitejabber recounted, “I thought I had lost €450,700 forever! My account was suddenly blocked…” — only after lengthy disputes did he recover his money. Another customer (Yigit) said he bought 30,000 GH/s, but was allocated only 9,090 GH/s for 5 years, effectively three times less than he paid for. Support, he said, did nothing to resolve it, and he deemed the site fraudulent. Stories like these are a big warning sign.
• Support complaints: Many note incompetent or boilerplate replies. Some tried to find the company’s legal address — support could not name the country or city. Others report that any claims are ignored or answered with generic statements (“please wait for a security check,” etc.). Users end up alone with their issues.

Overall, user feedback confirms the high risk associated with IQ Mining. In the early years, the service received mixed feedback, but from around 2020–2023, it turned overwhelmingly negative. Many directly call it a scam, providing compelling details of their experiences. This collective evidence strongly suggests that entrusting money to this platform is extremely risky.

Comparison with Competitors

The cloud mining market is quite crowded, so for objectivity, let’s compare IQ Mining with other popular services. We’ll consider Genesis Mining, Hashing24, and Shamining, among others:

• Genesis Mining is one of the oldest and most well-known cloud mining operators (in business since 2013). Based in Iceland and other countries with cheap electricity. It has offered contracts for BTC, ETH, DASH, and more altcoins. Its main strengths are genuine large-scale mining farms (Genesis has publicly showcased its data centers), over 2 million clients, and the ability to switch your power between different coins on the fly. This adds credibility — the company has proven its legitimacy. However, there are downsides: Genesis Mining’s contracts are expensive, and profits are modest. In 2018, during a market downturn, Genesis prematurely shut down some unprofitable contracts, upsetting investors. By 2023–2025, Genesis has essentially paused new contract sales to retail clients, focusing on institutional mining. Thus, while Genesis Mining remains a benchmark for relatively honest cloud mining (albeit not very lucrative), it is currently less accessible to everyday users.
• Hashing24 has been operating since 2016 (its team is linked to Bitfury). It mainly focuses on Bitcoin (SHA-256). Unlike IQ Mining, Hashing24 does not let you mine dozens of different coins — it mainly targets BTC (and a combined LTC/Doge option). Contracts range from 3 to 24 months, sometimes lifetime, with power rented from large industrial farms. Hashing24’s advantage: transparency and no hidden fees. The company states it does not charge a maintenance fee; all mining returns (minus a fixed rate) go to the user. However, prices are high — about $35 per 1 TH/s for one year, which is more expensive than IQ Mining. But at least you know your money is going toward real data centers (partners in Ireland, Ukraine, etc.), not disappearing into the unknown. Hashing24’s reputation is fairly positive: no major fraud claims, though many complain about low profitability (a broader issue with cloud mining in a difficult market). Overall, Hashing24 is more conservative and reliable but does not promise the big percentages that IQ Mining does.
• Shamining is a British cloud mining company launched in 2018. It presents itself as a modern platform with a user-friendly interface and daily payouts. Primarily focused on Bitcoin, hosting power in data centers in the UK, USA, and South Africa (according to the company). Shamining’s hallmark is a claimed high contract profitability. On the website, it says “profitability starts at 143%” annually for all plans, regardless of the amount — a suspiciously high figure, similar to IQ Mining. The prices are about $0.012 per 1 GH/s (that is $12 per 1 TH/s) for small packages and slightly lower for larger ones. The maintenance fee is presumably included. Pros: a nice UX, easy sign-up with a +37% bonus for new users, and a referral program (20% of your friend’s deposit). KYC verification is required for withdrawals, suggesting some attempt at legitimacy. However, reviews indicate Shamining is not much different from IQ Mining — there are complaints of non-payments and scam suspicions (especially the “guaranteed” profits and deposit bonuses). While Shamining’s reputation is not yet as bad as IQ Mining’s, it has not established long-term trust either. Investors categorize it as “too good to be true” and advise caution.
• Other competitors: A commonly mentioned legitimate option is ECOS, an Armenian cloud mining provider (in a Free Economic Zone) reportedly backed by the government. ECOS offers BTC mining contracts from 6 to 50 months, provides a mobile app, and has relatively transparent terms. There are also platforms like Bitdeer and BitFuFu, spin-offs from the mining giant Bitmain — they rent out actual ASICs in their own farms, though the entry threshold is higher (for example, a 50 TH/s contract for 180 days costs $26, with equipment hosted at large mining facilities). Additionally, there is NiceHash, which is a different format (a marketplace for hash power) where you essentially buy hashrate from other miners at market rates. NiceHash does not promise fixed returns but is known as an honest platform without scamming — you pay the current rate per TH/s and receive the mined coins transparently. In the 2020s, there have also been various small players/startups, but given the prevalence of scams, it’s wise to be highly skeptical.

Comparison: Among more reputable competitors, IQ Mining stands out for its high promised profitability and support for multiple altcoins but loses significantly in trust. Genesis Mining and Hashing24 can be considered relatively reliable (despite their drawbacks, they haven’t been exposed for client deception), whereas IQ Mining and Shamining promise too-good-to-be-true returns, which often leads to disappointment. In terms of cost per power, IQ Mining seemed more attractive — discounts and promotions allowed buying hashrate cheaper than with Genesis or Hashing24. But as practice has shown, a low price may indicate there is no real product behind it. For investors, security of funds should be a priority rather than chasing potential profit. In that regard, IQ Mining lags behind competitors, leaning toward high-risk territory.

Conclusion – Is It Worth Investing?

IQ Mining grabs attention with promises of easy crypto earnings, but the facts and reviews raise serious doubts about its reliability. On one hand, it is a technologically advanced service with a compelling smart-mining concept, a friendly interface, and a range of contracts. It can provide a positive experience on smaller sums or in the short term — some investors who joined early managed to make some profit. However, for larger investments and over the long haul, the risks far outweigh the potential benefits. Numerous testimonials of non-payments, lack of transparency and regulation, and overly aggressive marketing claims indicate that trusting IQ Mining with substantial funds is unwise.

If you still decide to try your luck with IQ Mining, proceed with the utmost caution. Invest only what you can afford to lose. Withdraw your gains as frequently as possible and do not keep large balances on the platform. Be prepared for possible delays and additional demands — for instance, complete verification ahead of time, so it does not become a surprise. Keep track of reviews, as the situation can evolve, and it’s crucial to spot early warning signs.

As an alternative, consider more reliable ways to invest in cryptocurrency. Simply buying Bitcoin or Ethereum on an exchange might yield less than the claimed percentages of cloud mining, but at least you retain full control of your assets. If you want to mine, look at more established services like Hashing24 or renting actual mining hardware via platforms like Bitdeer. They do not promise outrageous returns, but the fraud risk is much lower. You could also explore joining mining pools with your own modest equipment — entry costs have risen, but options exist (e.g., USB miners or cloud VPS mining for alternative coins) for enthusiasts.

In short, investing in IQ Mining now is akin to playing the lottery. There is a chance of short-term gains, but a high risk of total loss. Most signs point to the platform being unreliable. Therefore, any decision to put money here should be carefully considered. If you aim for stable, long-term returns, look to other, more transparent and proven crypto options. IQ Mining can be treated more like a gamble for small sums, with the risks clearly understood.

Igor Lementov - Financial Expert and Analyst at Trading-Today.net