IOTAMiner claims to be a global cloud mining investment platform founded in 2018 in London.
It allows users to earn passive income through “cloud mining contracts” without owning physical hardware.
With a mobile app, automated payouts, and a VIP system, the platform promises daily profits in exchange for fixed investments—some reportedly earning up to 57.3% in just 30 days.
🧠 Core Concept
Cloud mining via mobile or web—no physical rigs needed.
Contracts provide fixed daily returns depending on investment tier.
Daily settlements with reinvest or withdrawal options.
Referral system offering lifetime commissions (up to 5%).
VIP tiers with additional interest rate bonuses and cash rewards.
The platform promotes a "green energy" approach, claiming the use of renewable power.
📱 How IOTA Miner Works
Register and optionally download their mobile app.
Select an investment contract based on your budget.
Earn daily profits, automatically calculated and settled every 24 hours.
Upgrade VIP tier by accumulating investments and unlock bonuses.
Refer users to gain passive commissions for life.
📊 Sample Investment Plans
Plan Name
Amount
Duration
Daily Profit
Total Return
ROI (%)
Daily Sign-in
$15
1 Day
$0.60
$15.60
4%
Trial Contract
$100
2 Days
$5.00
$110
10%
Fixed Income #187540
$500
5 Days
$6.00
$530
6%
Fixed Income #185532
$1,500
12 Days
$18.75
$1,725
15%
Fixed Income #195735
$4,000
21 Days
$52.00
$5,092
27.3%
Fixed Income #205937
$6,000
30 Days
$84.00
$8,520
42%
Growth Income #204756
$50,000
40 Days
$875.00
$85,000
70%
Premier Income #225342
$100,000
30 Days
$1,910.00
$157,300
57.3%
⚠️ Note: Such high returns are extremely rare—even unrealistic—in legitimate mining or investment environments.
👑 VIP System Breakdown
The VIP program rewards users for increasing total investment:
VIP Level
Total Investment
Bonus Rate
Cash Reward
VIP1
$10,000
+0.01%
$100
VIP5
$300,000
+0.29%
$4,500
VIP10
$20,000,000
+2.2%
$500,000
Example:
If standard yield is 1% and you’re VIP1, your effective rate becomes 1.01%.
Bonuses are cumulative and interest boosts apply to all contracts. To claim cash rewards, you must contact their support.
🤝 Referral and Partner Program
Tier 1: 3.5% commission
Tier 2: 1.5% commission
Lifetime earnings from referred user investments
Milestone Referral Rewards:
10 valid referrals (VIP1+): $1,500
50 valid referrals: $3,000
80 valid referrals: $80,000
Commissions are automated, but milestone rewards require manual claiming via email or customer support.
The platform displays a UK Certificate of Incorporation as proof of legitimacy.
But be cautious:
UK registration does not mean it is regulated by the UK Financial Conduct Authority (FCA). Anyone can register a company in the UK for under £20, with no vetting of the business model.
🌐 Claims by IOTAMiner
According to their official materials:
Partners with major mining hardware brands like Bitmain, NVIDIA, Canaan.
Operates across 100+ countries.
Uses bank-level security, Cloudflare, and McAfee.
Offers 24/7 support and a one-stop mining platform.
Leads a "green mining" movement with solar and wind-powered farms.
However, these claims are not independently verifiable. There is no transparent data to confirm these operations exist.
❌ Red Flags & Critical Concerns
1. 🚩 Unrealistic Daily Returns
Platforms that promise 40–70% in 30–40 days are not sustainable.
Real crypto mining profits are typically below 5% monthly.
2. 🚩 Heavily Referral-Based
Much of the platform’s success relies on recruiting new investors.
This resembles Ponzi or MLM behavior.
3. 🚩 No Verifiable Proof of Mining
No public mining dashboard, no proof of mining hash rate, no blockchain-based logs.
4. 🚩 No FCA License
Not listed under UK’s Financial Conduct Authority.
You will not be protected if funds are lost.
5. 🚩 Anonymous Team
Claims to have "world-class engineers and financial experts"—yet no names or faces are shown.
6. 🚩 Paid Press Releases
Most mentions in the media are press releases, not unbiased editorial coverage.
7. 🚩 ZIP File with Local JavaScript Code
ZIP file contains JavaScript code possibly used for simulating platform behavior—this may suggest client-side manipulation of figures or fake simulations.
8. 🚩 APK-only Mobile App
The mobile app is not available through the official Google Play Store or Apple App Store. Instead, users must download and manually install an APK file, which:
Bypasses official app vetting and security checks
May pose malware or phishing risks
Reduces trust and credibility of the platform
✅ Pros
Long-standing domain since 2018 with valid HTTPS
Beginner-friendly interface
Offers passive income simulation targeting non-tech users
Uses visually appealing dashboards and reward systems
🧠 Final Evaluation: Is IOTAminer Legit or a Scam?
🟥 Verdict: HIGH RISK – NOT RECOMMENDED
While IOTAMiner attempts to appear credible through certificates, technical jargon, and green energy claims, the platform demonstrates too many classic high-yield investment program (HYIP) and Ponzi scheme characteristics:
Guaranteed profits
Focus on referrals
Fake or unverifiable claims
No legal investment license
Exaggerated profit structures
Even if the platform pays out early, that does not guarantee sustainability. HYIPs often pay early users using new user deposits before eventually collapsing.
LegitCheck is an independent digital evaluator designed to analyze platforms, apps, and websites. With a focus on online safety and transparency, TrustLens provides unbiased reviews to help users avoid scams and risky platforms.
Today, we’re going to talk about Kantar Philippines, a platform claiming to be a legitimate survey site where you can earn money. But the big question is: Is it really legit? Or is there something fishy going on behind the scenes? Let’s find out together. What is Kantar? To answer whether Kantar Philippines is legit […]
In this blog post, we're going to discuss a platform that has been growing rapidly in 2025—SE Sports. We're going to explore if SE Sports is a legitimate way to earn money or if it's a platform we should avoid. What is SE Sports? For those of you who haven't heard about SE Sports, it’s […]
Today, we will answer a question from one of our viewers on YouTube. Here’s their comment: “Sir, good day. Please review the (Cryptex decentralized finance staking program). It claims to operate on blockchain and generates 1% to 3% profit. Thank you, I’ll look forward to it.” In this blog, we will discuss whether Cryptex is […]
Hello! I'm Neil Yanto, I'm a Registered Master Electrician. I’ve been working for almost 6 years in Engineering Industry before I went to Online Marketing. I started making blogs because I want to help my fellow citizens as well as share my ideas and knowledge about Online Business. I believe online business is a business of the future. Read More