Hi Steemit Readers.

This is Kuraizuke and I'm here again to post a blog of a recent app that I downloaded and invested a small amount of my BTC.

I know I went ahead without checking the background or looking any reviews about this, and that my friend should not be followed. It's best to check any red flags before investing on something or if you're gonna invest make sure that it's okay with you that you're going to lose the money you invested. You may try to visit this link https://99bitcoins.com/bitcoin-scam-test/ to check if the site is too good to be true.

This app that I'm going to review or share with you guys is a cloud mining app. At first, I thought that this app is like a minergate app where you can mine using a mobile phone but I was wrong. By the way, don't be confused with the coin-face site (https://coin-face.com) from coinface(https://coinface.me/).

Available Cryptocurrency at the moment (1/9/18):

• Bitcoin
• BitcoinCash
• Dash
• Ethereum
• Litecoin

They only have a 1 Year Contract if you are going to buy Hashrate. To get a Hashrate you should be buying Tokens to get GH/s or KH/s depending on the Cryptocurrency that you have selected.

For the algorithms:
SHA-256 for both Bitcoin and Bitcoin Cash, Scrypt is used to mine for Litecoin, ETHASH is used to mine Ethereum, and X11 is used to mine DASH. (https://coinface.zendesk.com/hc/en-us/articles/115002224692-What-cryptocurrencies-can-I-mine-with-your-service-).

Dashboard

On the dashboard, it includes details of your mined Cryptocurrency, History (Shows when you bought the contract), and a Withdraw button. You can scroll to the right to see other Cryptocurrencies as well.

Contracts

Tap the next icon on the bottom to see the next page. This page is the Contracts page that shows until when will your contract end.

Cloud Mining

Next page is the Cloud Mining Page where you can select a Cryptocurrency, select the Hashrate you need, and a Buy Hashrate button. If you don't have a token yet, you should go to the next page to buy Tokens.

Tokens

On the Tokens Page, you can select what Package Price that fits to your budget.

Each token costs a dollar. If you selected 2 tokens, it cost you 2 dollars. Tokens are 2, 4, 12, 20, 40, 100, 200, and 400.

If you selected the token you want, it will go to the Payment method page.

Payment Method

For Method of Payment, you pay them via Google Play(30%) or Payeer(0%). I'm not sure the percentage but I think it's percentage rate where they get commissioned.

Settings/Account Page

The last page is your Settings/Account Page. This is where you can setup the wallet address for withdrawal.

To Download the App:
Android - https://play.google.com/store/apps/details?id=me.coinface.android
Apple - https://itunes.apple.com/us/app/coinface/id1286850850

Pros:

• App is nice and clean which is user-friendly.
• Easy to buy Tokens.
• Has Social Media Account like Facebook, Twitter, Instagram, and Telegram which they quickly replies to my queries and they are up to date.
• Has Support as well (Just submitted a request and waiting for the reply).
• Low payment.

Cons:

• I was unable to look for the people behind the app and it's a red-flag for me but for the benefit of the doubt, I'm going to test this for a year to see if it's paying and to investigate more about the company's background, location of mining farms, etc.
• No referral links feature.
• Limited cryptocurrency options.
• Contracts are for 1 year only.
• And limited payment options.
• No mining calculator feature to check ROIs.

Conclusion:

This app has potential but they need to build more trust and show the legitimacy of their cloud mining business. They should also include that this is not an over-night high paying site and it may take time because HYIPs are too good to be true and most of them are scams.

Hope that this review could help you to decide to try it or not. If you have any new Cloud Mining site you like me to review please hit me.

You may donate:
BTC - 3JEYxFb6VDUHgnPgSMm5Cx46CkUafYPGYu
BCH - 1o8WDreZiM2fmvn57FcBHtGmBoF7vrwqn
ETH - 0xeaef4b8b3a538fafecef80a0edac55ac7161b9d4
LTC - LUK3nP8ntHkqNiSmQ8mPFoFjCAFN8Gj6Et
DOGE - DP2dHumLKpAFojX33Cwv3kmfKvZXX1MSzz