IQmining – Overview of the cloud-based crypto currency mining platform

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Although I am familiar with cryptocurrency and hardware mining, I had little knowledge about cloud-based mining. When I was looking for more information about it, I came across the IQmining platform.

From my research, I learned that online cloud mining platforms have gained popularity as an alternative way to invest in cryptocurrency mining without buying and maintaining expensive mining hardware. With the increasing popularity of cryptocurrencies, cloud mining has become an attractive alternative to traditional mining methods.

traditional mining methods

Choosing the right cloud-based cryptocurrency mining platform can provide significant benefits, including cost savings and ease of use. Could IQMining be a good option for you? I will share its features and its pros and cons to help you decide if you want to get into cryptocurrency mining with this platform.

Pros and Cons

Before we get into details, here is a brief summary of the benefits and drawbacks of mining at IQmining:

Multi-cryptocurrency miningUnavailable in the US
Low maintenance feesNo mobile application
Flexible mining contractsNo information about the owners
Daily payoutsNo standard regulatory body
High hash rates

What is IQmining?

What is IQmining?

If you’re considering cloud-based cryptocurrency mining, it’s essential to know the history of your chosen platform. It’s the first step towards making an informed decision about signing up.

Founded in 2016, IQmining is an online cloud mining platform where you can mine Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. The platform claims that with their service, you can get paid quickly. A group of unknown IT engineers and blockchain programmers created the mining platform.

blockchain programmers

Although the website doesn’t provide any information on who founded the company, IQmining has been operating in the cloud mining industry for several years and has built a solid reputation. It’s worth noting that the crypto mining platform is registered in the Marshall Islands and operated by Tunewo limited.

The company’s primary data centers are located in Canada, Russia, Iceland, Georgia, Algeria, and China. The platform is also available in many languages (including English, French, Spanish, German, Chinese, Russian, and more).

Further reading

Pricing and Contracts

Pricing and Contracts

Most cloud mining sites require a fee to rent the necessary computing power to start mining cryptocurrencies. The pricing and contract structures vary depending on the platform, and choosing one that aligns with your mining goals and budget is essential.

budget is essential

IQmining offers several different payment plans (1-Year Contract, 2-Year Contract, 5-Year Contract, and a Lifetime Contract). This provides flexibility and lets you choose a plan that fits your needs and investment goals.

The contracts available for these specified periods fall into one of four categories (Bronze, Silver, Gold, or Diamond). After selecting your preferred payment plan, you must choose the mining package from the options: SHA-256, SHA-256 PRO, SHA-256 BCH, USDT, and Ethereum.

Mining PackageMining StrategyMinimum HashrateMaintenance FeePayoutsContract Price
SHA-25610 major coins10 GH/s0.0003$ 10GH/s / 24hDaily in BTCFrom $0.108 (1 year)

From $0.195 (2 years)

From $0.351 (5 years)

From $0.632 (Lifetime)

SHA-256 PRO100 – 150 altcoins10 GH/s0.0004$ 10 GH/s / 24hDaily in BTCFrom $0.131 (1 year)

From $0.236 (2 years)

From $0.425 (5 years)

From $0.764 (Lifetime)

SHA-256 BCH100 – 150 altcoins10 GH/s0.0004$ 10 GH/s / 24hDaily in BCHFrom $0.131 (1 year)

From $0.236 (2 years)

From $0.425 (5 years)

From $0.764 (Lifetime)

USDT10 major coins1 GH/s0.0001$

1 GH/s / 24h

Daily in USDTFrom $0.098 (1 year)
ETHEREUMETH0.1 MH/s0.00013$

0.1 MH/s / 24h

Daily in ETHFrom $0.131 (1 year)

From $0.236 (2 years)

From $0.425 (5 years)

From $0.764 (Lifetime)

It is important to note that the fluctuations in the crypto market might make it impossible for you to regain your initial investment. The mining payout depends on some factors: Network hashrate, the market price of Bitcoin or altcoins, mining difficulty, alongside maintenance fee.

Furthermore, you can use the calculator on the service’s official website to get an idea of how much an account will cost by choosing the type of equipment, the contract term, and the desired power. Although it excludes the maintenance fee, the calculator still offers a payout forecast.

Further reading



Regulation is crucial for any platform, as it establishes trust between the user and the service provider.

When researching for my review, I noticed that the platform did not provide any clear regulatory information. However, I did find that the company is registered in an offshore zone (specifically, in the Marshall Islands). While offshore regulation is not necessarily illegal, it may raise some red flags for cautious investors.

I then read through reviews from long-time platform users. From their comments, it appears they are satisfied that IQmining is taking all the necessary steps to ensure that their accounts are secure.

accounts are secure

Note that IQmining doesn’t offer any services inside of the US. Neither its agents or partners are registered to offer services within the United States; therefore, residents of the United States cannot use the platform’s services.


Security should be a top priority when choosing any platform that involves investing money. Ensuring your personal and financial information is safe and secure from potential threats is essential.

IQmining purports that it is fortified with an SSL certificate. It also has end-to-end encryption that keeps your communication from third parties.

In terms of privacy, IQmining takes all appropriate measures to safeguard your personal information’s confidentiality, including putting data protection policies in place. IQMining ensures that its data protection policy is updated regularly for continuous security.

Further reading



Learning how to trade is the first step to becoming a great trader, and having access to excellent training resources may make a world of difference.

IQmining does not offer any training or educational resources for traders who want to improve their skills and knowledge of trading.

On the IQmining website, I couldn’t locate a demo account. However, after some searching, I came across a demo site that the company had not highlighted on its website. Every time I tried to log in using the information I had entered when creating my account, I was asked to sign up, which led to difficulties. Further research revealed that IQmining does not, in fact, offer a demo account.

This was disappointing; demo accounts are a crucial tool that you can use to test the platform and become familiar with its features and functionalities before deciding to sign up for a paid plan.

Further reading

Payment and Withdrawal

Payment and Withdrawal

The payment and withdrawal options must be considered when choosing a cryptocurrency mining platform. After all, how simple and secure it is to make deposits and withdrawals can greatly affect how you feel about the site.

When you create an account on IQmining, you can select from a broad range of banking options. IQmining allows seamless withdrawals and purchases without receiving any commission when you use cryptocurrencies like Bitcoin, Ethereum, Dash, Litecoin, and the like. Alternatively, you can use Perfect Money, Wire transfer, MasterCard, Visa, and WebMoney options.

IQmining’s withdrawal policies are designed to offer clients maximum flexibility and control over their mining profits. You can make several small payouts at your discretion, allowing you to access your earnings as you please. One of the key features of IQmining’s withdrawal policies is the ability to make daily payouts with a minimum amount of $10.

To initiate a withdrawal, you simply need to navigate to the Funds section of the IQmining platform and submit a withdrawal request. This process is straightforward; you won’t have too many difficulties accessing your mining profits. Within 24 hours of submitting your request, your withdrawal will be completed. The money will subsequently be sent to the wallet of your choice.

If you want to invest more than $100,000, simply complete the request form and customer service will contact you immediately.

Further reading

Customer service

Customer service

IQmining takes pleasure in providing its customers with attentive and beneficial customer care. The platform’s support team is committed to offering answers and responding to any queries or issues that you may have.

IQmining makes it easy to contact its customer service team by including a chat icon on its website’s homepage. There are two options for contacting customer service via the chat icon: Facebook Messenger and Online Chat. In addition to the chat options, you can email their customer support.

I find it important to mention that the platform has a self-service option for customers to explore. This option is called the Knowledge Base, which contains different solutions to common problems centered on cloud mining, Bitcoin mining,

Litecoin mining, and mining for other altcoins. By offering these convenient communication channels, IQmining ensures you receive prompt and efficient assistance with any issues or questions, highlighting its commitment to providing a high-quality experience for its clients.

User Experience

User Experience

If you visit IQmining for the first time, you will find it easy to browse their features. The website is structured to make it easier for newbies to start mining with little or no help. Concise and straightforward instructions accompany each step until you withdraw.

I was disappointed that I could not use a demo account to test out the platform, as it was unavailable. Initially, I was eager to try out the service, but after experiencing this, I felt unsure about whether I wanted to commit to using it in the long term.

Further reading


How can I make money from cloud mining?

On the basis of mining hardware costs and efficiency, you buy cloud mining contracts. Depending on the amount of your contract’s hashrate, you will receive returns on a daily basis..

How do I get started on IQmining?

To get started with IQMining, first, visit their website and create an account by clicking on the “Sign Up” button. After creating an account, log in and choose a payment plan that suits your budget. Once you’ve selected your payment plan and contract, make the payment, and you’re good to go.

Is IQmining reliable and safe?

IQmining is registered in Marshall Islands, but is not registered with financial regulatory bodies like the FCA. It’s advised to invest carefully on the platform.

How can I withdraw my returns using IQmining?

You make a withdrawal request in the “Funds” section, and once your withdrawal is processed, the money is sent to your preferred wallet within 24 hours.

How much are IQ mining fees?

IQmining provides cloud mining contracts that allow users to mine cryptocurrencies without requiring any hardware or technical knowledge. You can select from a variety of mining plans, with prices starting as low as $0.0001 per TH/s per day.


IQmining is a mining platform with interesting tools and features to make mining profitable. You can mine your preferred contracts at affordable prices with flexible payment plans. The sign-up process is simple and fast, and any new user can purchase any contract independently and get paid the next day.

You will also enjoy excellent customer service, as you’ll likely get a prompt response to your inquiry. If you’re considering going into cloud mining, know there are risks typical of any financial venture. However, do your due diligence to know more about cloud mining before you start.

Further reading
General Risk Warning: Your capital might be at risk