What is Crypterra? Are you searching for the Crypterra reviews in order to find out either is Crypterra.net a scam or a legit? If so, then your search ends here because here, within our Crypterra review, we have provided the complete truth about Crypterra.net. Actually, we have listed Crypterra within our Bad and Scams category because it is a combination of Ponzi and Pyramid scheme which will not sustain for a long time and sooner or later will shutdown or stop paying. Ponzi and Pyramid schemes are illegal as well.
So, why do we think it is a Ponzi Scheme?
Well, you can find that later within our review on Crypterra as below. But, after knowing the fact that Crypterra is an illegal company, if you don’t want to find out more details on it, but instead want to find out the list of legit crypto mining companies so that you can make money online genuinely, then you can find those by simply clicking this link:- http://topratedbinary.com/best-crypto-mining-companies/
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OK, let’s begin with our Crypterra review as below to find out what is Crypterra and why is Crypterra.net scam.
Crypterra is an online site, launched in the beginning of 2017, offering a range of cloud mining services. Cloud mining is the process of mining cryptocurrencies via a remote data center, using shared processing power. This type of mining allows users to mine Bitcoin and other various cryptocurrencies without having to purchase, own or manage any hardware or software. Crypterra professed goal is to make mining accessible to all users regardless of age, location, investment or experience.
Like many other cloud mining services, Crypterra offers features such as hashrate allocation to pools, once every 24 hours a user is able to select up to three pool (bestxmrpool, minero, dwarfpool and etc) as well as what percentage of hashrate to use in their selected pools. They also offer lifetime contracts in which the purchased hashrate does not expire, 24/7 tech support, a functional control panel that displays the users statistics, revenue and its forecast, as well as a referral program in which the user can receive additional funds (10% of referred users purchase) from inviting new users to the Crypterra service.
Crypterra claims to have fixed prices, with no hidden fees or commissions. They have various cloud options for members to choose from. These cloud options are listed below.
SCRYPT PLAN – 35$ / per 5 MH/s
SHA-256 CLOUD MINING – 20$ / per 100 GH/s
ETHASH CLOUD MINING – 19$ / per 1 MH/s
Although Crypterra may have started out as a decent company with good intentions, it seems as though their decisions and actions of late have sent them on a permanent downward spiral. While conducting some investigative research for this unbiased Crypterra.net review, the amount of negative reviews and feedback we came across from actual members was truly astounding. Let us begin by looking at the current most prominent complaint found online from Crypterra users.
Unable to Reach ROI
Another concern is the fact that many users complain of not being able to reach their expected ROI due to the high maintenance and withdrawal costs associated with Crypterra. Yes, they apparently have a low entry cost, however, profit with cloud mining in general is typically very small and takes a long time, especially if you take into consideration the ever increasing difficulty in block mining. If you cannot cover all the fees involved you end up at a loss, unable to recover your initial investment and your account will be terminated. There is also no guarantee as to how long the company will remain afloat.
Are their data centers real?
Another issue in regards to whether or not Crypterra does in fact do any actual mining is the lack of proof thereof. Some users claim they are legit due to the pictures they post. However, can that really be considered hard evidence? Pictures showing some apartment with a 2 ladies and a man fails to provide one important aspect, and that is proof of ownership.
Crypterra.net Review Conclusion
After having spent many hours researching all available information on Crypterra, we have to conclude that the scale is falling more on the negative side of things than the positive. We could go on and on about how this service is linked some blacklisted mining sites all of which have nearly identical team members on their sites and who actively link to, advertise and promote each other.
In addition, countless other complaints against Crypterra such as the support team not replying to any users emails or denying they have received certain payments. They have even been caught using fake reviews on their site (see image below), but if we did that this would end up being a never ending review which would take days to read. I hope that I have given you plenty of food for thought so far in our detailed Crypterra.net review, enough to help you reach a safe decision.
There are some who claim Crypterra.net to be legit but there are many more who claim they are a scam. Understand that we have no dog in this ongoing fight, we simply wish for you to have all the available information in order to make an informed decision. Regardless of whether or not they are legit, cloud mining is actually not such a great investment these days. The profit is extremely small, takes an exceptionally long time and the majority of cloud mining sites turn out to be scams or Ponzi schemes. At the end of the day, you are taking a huge risk for a small return. It is just not worth it.