Beginning of June, Miny.cc has opened its doors to the public. It’s a new AI-based cloud mining platform with its location in Hong Kong. Initially founded in November 2019 by Thomas Norberg who has a master in International Business and Management, Miny’s vision is to enable to anyone in the world earning money through cryptocurrency mining – regardless where they’re located.
What is Miny.cc?
As mentioned above, it’s an AI-based cloud mining platform. Unlike traditional cloud mining platforms, Miny.cc mines different cryptocurrencies for greater profits as well as make use of artificial intelligence to shift automatically to the most profitable coin.
Moreover, an outstanding feature is the platform’s token named MINY (MNY). MINY is an ERC-20 token based on Ethereum. The special feature is that MINY is a complete deflationary currency since mining rewards are paid in this token and every time, someone decides to exchange them into other cryptocurrencies, the tokens will be burned which decreases the circulating supply of MINY.
Where can I start?
At press time, only people who have a sponsor can sign up on Miny.cc. Luckily, you can sign up here without any restrictions. After successful registration, please be sure to create a username, set up 2FA & other securities and enter your withdrawal address to reach level 1.
You can also make your first deposit on the platform. Below, you will find the minimum deposit amounts:
- Bitcoin: 0.005 BTC
- Ethereum: 0.25 ETH
- Litecoin: 0.75 ETH
Btw, if you plan to deposit a small amount, go with Litecoin as they have a low limit both for deposit & withdrawal.
Upon a successful deposit, you can invest in one of the mining plans. Currently, Miny.cc offers three mining plans with different ranges and returns. The lowest plan gives 10% monthly return whereas the highest plan gives 19% monthly return.
When you invested in one of the mining plans, a mining package will become active and you’ll start earning MINY tokens after 24 hours of your first investment.
Also, if you plan to release a mining package, you can do it freely. However, please note that releasing a package subjects to a fee that is varying on your plan’s duration.
What are the levels on the platform?
Miny.cc introduced a level system to those who actively engage in building out their network. A higher level unlocks more lines in the affiliate programs. The deepest line one can reach in his/her network is 20 lines.
To level up, you have to solve specific quests, such as creating a username, refer people or have a particular amount in the mining pool.
Personally, the first and second level is easy to reach. However, levelling to level 3 becomes complicated.
Affiliate Program
Already mentioned in the previous part, Miny.cc has a multi-level affiliate program with lines of up to 20. These can be unlocked by levelling up.
Moreover, their commissions are very generous. You’ll receive from referrals of the first line 100% commissions of their mining earnings. The second line gives 10% commissions.
What is the MINY token?
The Miny token is an ERC-20 based token which is a deflationary currency. Naturally, if someone decides to exchange MINY tokens into other cryptocurrencies, these tokens will be burned which decrease the circulating supply. A decreasing supply increases the value of the token from time to time. MINY tokens can only be gained by levelling up, through mining or affiliate commissions.
Here are some fact notes about MINY token you should know:
- A total of 50 million MNY tokens will be released (only for the first 12 months)
- The supply decreases over time (increases the value)
- Backed by real money
Moreover, after 12 months of operation, the MINY token will be listed on exchanges such as Binance, KUCOIN and Bitfinex.
Soon, Miny.cc also plans to open a shop where they’ll sell mining-related products with MINY as the accepted currency.
Roadmap
Miny.cc plans to optimize their mining operation, open up new mining farms, add their MINY token on several famous exchanges and opening a second headquarter over the coming two years.
Do they pay?
Yes, they pay. I requested a withdrawal and in less than a hour I received it into my wallet. I'll update here if anything changes.
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