7CLY.com is a new cloud mining company and service that wants to give people a way to utilize high quality crypto-currency mining without maintaining their own mining hardware.
How Does It Work?
Crypto-currency mining is an important aspect of investing in this type of digital currency. Mining is the process by which all transactions of currency sales are monitored and verified, and it is also the process by which any new, available currency will be created and distributed.
The problem for most people is that mining requires very specific hardware or software and certain kinds of important algorithms, which not everyone wants to deal with even if they are interested in making this kind of investment.
That’s where 7CLY says they come in. They provide cloud mining services for different online currencies, including Bitcoin, Dogecoin, Litecoin, Dash, Reddcoin, Ethereum, all without you having to purchase or maintain expensive hardware.
Because all these currencies use a different type of mining algorithm – and each currency has multiple different algorithms to choose from – this website says that you can trust them to choose the best mining algorithm for your needs.
This company says that they will provide all new members with 2000 DOGE to start off with and you can add as much or as little to that amount as you choose. They say that customers should be able to earn up to 2% of your investment per day, and up to 34% per month on mining. They promise all investors will be making money in just three months.
This company does not publish a legal Terms & Conditions on their website and provides no information anywhere else regarding either refunds or even withdrawing funds from an established account. The website does say that customers must meet a “minimum amount” in their account before they will be allowed to withdraw any money, and they don’t provide any further information than that. This might be because they offer different minimums depending on the type of crypto-currency you work with, but this is unclear from their website.
Customer Service Contact Info
Customers who would like to contact their Customer Service team with questions, concerns, or complaints won’t be able to do so until they create an account with this company as a member; unfortunately they do not publish any contact information for the public at this time.
7CLY.com actually appears to suffer from a fairly negative online reputation, though it is difficult to understand exactly why. There is a serious lack of customer reviews of this product, either positive or negative, which is part of the problem, and the websites and blogs that are reviewing this company appear to rate it very poorly based on the lack of information they provide up front to potential investors.
This is actually a fairly serious issue and these other websites and blogs are right to believe that this issue has a serious impact on this company’s trustworthiness. The truth is that people should never really invest their money with a company that isn’t totally upfront and transparent about what they are doing with it, and even when you do invest, you should make sure that you never invest more money than you are comfortable losing, as that is always an option.
Competitors and Alternatives?
As crypto-currency has grown in popularity throughout the world, the need for cloud mining programs has grown as well, and customers should be able to find a good alternative for their needs as long as they look into companies that specialize in their choice of cypto-currency.
If you have any experience with this company or their products, please leave your 7CLY.com reviews below.