What is Blockminer and what does it offer?
BlockMiner Finance is an investment platform that will allow you to earn a lot of money through cryptocurrencies. Is it safe? Of course! The website has a Smart Contract which is verified.
We have evaluated the Smart Contract and this is what we have achieved:
Is Blockminer worth it? The best way to answer this question is: First, to understand how it works. To do that, we must check the income opportunity that the platform offers.
Is Mining 3.0 the best chance to earn money?
To earn with BlockMiner, you just have to become one of their miners by buying “GOLD” with BNB. However, we have to clarify this method is not like the traditional cryptocurrency mining that is being done where you have to set up a mining rig to mine Bitcoin, Ethereum and other cryptocurrencies.
To start earning, you just have to hire miners who use the BNB in your crypto wallet.
The idea is very simple. Once you sign up as a member, you will need to invest on BNB using a crypto wallet that BlockMiner supports such as Metamask, WalletConnect, or Binance Chain Wallet.
Once you have indicated the amount of BNB you want to invest, you just have to click on the “Hire miners” button to start the earning process.
You will see the progress of your miners and how much BNB has been mined. After 24 hours, the keg will be full and you will stop earning, so make sure you empty your keg at least once a day. You will earn approximately 5% of what you have invested.
This is how BlockMiner works. As you can see, it will require little effort on your part. But all you have to do is to invest a little money to start earning. You will need to buy “BNB” from any crypto platform (We would recommend using Binance) and then deposit it into the crypto wallet you will be using for BlockMiner in order to acquire the GOLDs that will work for you by mining.
How do you withdraw profits?
Now that you know how to earn with BlockMiner, let’s talk about how you can get paid. If it’s not clear by now, let me reiterate. This platform only deals with BNB crypto and nothing else. So if you are not interested in earning BNB then this is not for you.
Getting paid is a simple process, but there are a few things to consider. As explained above, it takes 24 hours for each mining session to complete and fill your BNB barrel. But the decision of when to get paid is up to you.
You can choose to increase your earnings or pocket from the BNB earned by mining. Therefore, as explained above, it is up to you whether you want to continue mining or withdraw your earnings. However, if you decide to withdraw your earnings, please note that you cannot withdraw the full amount of BNB invested. Since to keep the TVL high, the funds are kept in the contract (In case you want to withdraw it, there is a 50% fine)
What you can withdraw to your crypto wallet is only the interest you have earned from mining that is in the Contract. Also, you should keep in mind that every time you compound or even pocket your BNB, there will be a gas fee involved. This means that every time you take an action on the platform, there will be a fee involved.
You need to make sure the amount you withdraw is significantly higher than the gas fee to make it worthwhile.
So, to make things clear, you can withdraw money anytime you want, but the amount you can withdraw will only be the interest you have earned. The initial amount invested will remain on the platform. And you can only use Metamask, WalletConnect or Binance Chain Wallet as withdrawal options.
How much profit can you get?
As with any investment platform, the amount you can earn will depend on how much you are willing to invest. Since BlockMiner will allow you to earn 5% of what you will invest daily, then you can potentially earn a significant amount, but you have to be patient.
BlockMiner is designed for people with a long-term view according to the site itself. It is not for those who want instant gains that ultimately harm others.
Therefore, the best strategy you can follow to maximize your winnings is to play with the TVL (Total Value Locked). What you can do is keep composing until you reach a certain TVL and then bag it once you’ve reached the TVL you’re looking for. Then just rinse and repeat.
You will essentially pay yourself a salary. It is a good strategy to recover the initial investment you have made in the platform. Once you’ve recouped your initial investment, you can take more liberties when you want to pocket your BNB.
Who can join BlockMiner?
The best thing about BlockMiner is that anyone can sign up in our website. As long as you have an account in any of the crypto wallets we support, you will be able to sign up.
Once you have selected the appropriate crypto wallet, the browser extension should appear and ask you to log in (if you haven’t already). Once you have logged in, you can now start mining. But as explained above, your wallet actually needs to have BNB on it, so make sure you have that covered.
Can you get support?
The website doesn’t really have a support page that you can check out. It also does not have any contact form or any contact information displayed on the site. But, we have a Telegram channel that you can join so you can have information about the project, we also have Twitter and Instagram accounts where we usually answer any questions.
Therefore, if you have any questions, it would be best to join your social networks and use those platforms to resolve your queries.
Important points:
Pros:
- Offers are a easy way to earn more money
- Available worldwide
- Smart Contract Secure, Public and Verified
- An attractive TVL (5% Daily)
- You can have your own referral link and earn an additional 5% for each new member you attract
Cons:
- Requires time to earn a decent amount
- You need to invest money to start earning
More info: https://linktr.ee/Blockminer.finance
