Minelend has been in operation for a few weeks and so far its impressing us. Rather than launching with a token and an ICO, Minelend has started with a small investment pool with a hard limit to avoid overexposure. And during this length of time, they have proven to be reliable with payouts and honest with their clients. . My review is only an opinion, and as with all investments you should seek professional advice and be risk aware.
Their site explains how they operate, however there are some common misconceptions around minelend.com and this has caused some misinformed people to think that this is like Genesis Mining or Hashflare. Minelend invests its users funds in Crypto mining operations across the globe and they specialise in the infrastructure behind crypto mining. They do have some miners of their own and contribute to some larger pools as well.
In addition Minelend also has a referral affiliate program, this is no different to other companies that pay for website traffic or positive reviews as seen very heavily in the world of Crypto and ICOs.
We do recommend that before joining, you read our review.
Minelend Review – A refreshing take on Crypto Mining
Lets be clear, Minelend is not an ICO, (Initial Coin Offering). Some people dont understand the difference between Mining investment and coin funding but there are some differences. Minelend have plans to include a token of their own in the future, but this is not set in stone. An ICO will only be introduced if they find a real need for a utility token.
Their interface is easy to navigate with clear instructions on how to invest, however their funding is limited to Bitcoin only for the time being which is a shame as being able to use your credit card, debitcard or payal would be great.
So how are Minelend any different from companies like Hasflare? Well with Hashflare or similar, you buy mining capacity in GH/s or TH/s. With Minelend you are buying into mining infrastructure which is leased to companies like Hashflare for their mining rigs. This allows Minelend to avoid the volatility of crypto price fluctuations and mining difficulty increases as their costs are fixed regardless of these issues.
Minelend Company Details – Operations
Minelend’s company details are also public record and can be found on their website easily on their FAQ page. This also includes the details of the main shareholders which is another promising sign that Minelend is above board with accountable persons involved. not like most of the binary scams that I review which tend to be from anonymous faceless scammers.
Sending/Receiving funds from Minelend will involve verification of users Identity to conform with KYC and Anti Money Laundering guidelines, so dont be surprised when you are asked.
You can also see that their experience in the mining industry is extensive and their management team have been working in the industry for a number of years as outlined in their roadmap.
Minelend Roadmap for 2018
Here is what they had to say about their history, and their plans for expansion into 2019:
“We are pleased to announce our plans for 2018 with an ICO coming later in the year along with plans for some major new developments. Here is a glimpse of what Minelend has achieved so far and what our customers can expect for 2018.
2015 – Our founders starts their first foray into Crypto Mining – We lease our first mining rigs and complete an agreement to install them in an existing mining farm.
2016 – Our footprint increases into more mining farms in various countries and we purchase the most up to date rigs to keep up with difficulty increases.
2017 – The surge in altcoin creation leads us to invest in new mining technologies to remain current and up to date. The idea to allow private investment is set out and Minlend is born.
Q1 2018 – Formation of Limited companies & development of the website and customer interface is completed. We began talking to ICO experts to formulate a plan to create our own Crypto Coin.
Q2 2018 – Minelend Launches to the public and investment begins.
Q3 2018 – Our new Minelend token (MLD) ICO launches with an exclusive Members Only Presale with huge discounts for customer loyalty. This token will fund our first fully company owned and operated Crypto Mining Operation in Sweden.
Q4 2018 – Our ICO will complete with the inclusion on a number of popular exchanges. Once this is complete, we will be signing the lease on our warehouse in Sweden and the purchase and installation of our new mining rigs. This will be in addition to the existing equipment we have placed in non-owned mines around the globe. We plan to also launch our 2.0 interface with improved details about how your investment is spread.
2019 – Our plans for 2019 include a third iteration of our customer interface, and expansion of our Sweden Mining operation.”
This is all very promising, and a good sign that they have so much in the pipeline.
They have a number of ways to get hold of their excellent support staff. You can speak to them in real time on their website using livechat, they also have a support ticketing system available through their dashboard and as ever, good old email if all else fails or you need to send them a message out of office hours. They could do with expanding their livechat hours as I know some users in the USA and other parts of the world might miss their main hours.
Minelend Funding and Withdrawals
Funding and withdrawals through Minelend is all done in Bitcoin (BTC) which means all transactions are stored publicly in the blockchain. While this leaves users with limited options on funding, it does mean all transactions are public and visible to anyone to check at any time.
Withdrawals are processed within 24 hours during the week and 48 hours if requested on weekends. Our deposits and withdrawals during testing have been very quick with no hassle once our identity documents had been veririfed.
Minelend Review Conclusion
Our tests so far have been promising, with fast transactions and no issues at all. Our further tests will be added here once they are completed.
Our full video review can also be found below: