CoinIMP is yet another web mining service, proudly advertising a “0%” fee. This is a pretty clear scam from the beginning, but we’ve tested their service to see just how much of a scam they really are. So, here we go – the CoinIMP review
Firstly, I would like to point out a few obvious facts.
- CoinIMP offers a 0-1% fee, yet pays out 5% referral commissions?
- They run multiple connection proxies, a pool, and even PAY to run ads on Google adwords
- CoinIMP supposedly employees 40+ people (Check out how many fake Linkedin accounts they have!)
- So, CoinIMP is clearly just ran by a team of really nice people who give away free money to anybody supports their services? Hmm.. Yeah, probably not.
- CoinIMP created an exact clone of Monero, and called it “WebChain”. They premined 20% of the coins for themselves, and within the first 4 months they sold off 70% of the existing market supply. This is called a pump and dump scam. You should review this sketchy project yourself!
We decided to run CoinIMP for a few days anyway, regardless of how scummy they seem. Everything went smoothly the two days, except for the fact we were making nearly 40% LESS than from CoinHive (who charges a 30% fee BTW). The third day, hashing stopped completely for nearly 2 hours.
After the downtime, we pulled out of CoinIMP and resumed mining back with CryptoLoot.
Remember kiddos, if it seems too good to be true, it probably is!