Apexto Mining Store (apextomining.com) claims to provide quality miners to anyone interested. Some were quite impressed with the prices offered by the store. And this created an issue with some of the members who didn’t receive any miners. Others received faulty miners that failed to work after a few hours of activity. And now, there are claims the store is a clone of another store with a similar name, Apexto Miner. Here’s more in our detailed AEPXTO MINER REVIEW.
A Brief Overview of Apexto Mining Store
On the about us page, Apexto Mining Store claims to have been around since 2007. The store claims residency in Shenzhen, China. And this was one of the first red flags we spotted with the store.
The Chinese government has been clamping down on all Crypto products in the country. As a result, most stores and manufacturers moved shop to neighboring countries. And as such, there’s no such credible store that still resides in the country.
With claims of having over seven years of mining experience, buyers took their word for it. The store has a Youtube presentation that tells us the story of its history. We get to hear that the store was once a trading platform.
The store further claims to have been in the Blockchain space for six years. We have a store that claims to have all ASIC and GPU miners available for sale. The store also sells accessories such as graphic cards and mining containers.
Some of the listed miners the store claims to sell include those from leading brands. You get to find Bitmain, Canaan, Innosilicon, and Whatsminer. What caught our eye is the PandaMiner brand which is now defunct.
The miner doesn’t create any profitability and offers no sense to the mining community. We have a store claiming to have gold status on the Alibaba chain store. All these are claims seen in the Youtube presentation video.
Before you invest with any store, experts recommend checking the profitability of ASIC Miners. Try and find out the expected profit with each miner and the running cost. Know the algorithm used, efficiency, and hashrate available with each miner.
Advantages and Disadvantages of Apexto Mining
Apart from claiming to sell miners, the store doubles up as a crypto hosting platform. The store offers hosting services at what they claim are unbeatable prices. However, no one has yet to come forward with proof of mining with their hosting services.
There’s no actual plan tailored to fit any budget. The store intends to provide long-term contracts that, in the end, won’t be profitable. You won’t even get to withdraw funds from such a store.
The store claims to have a large mining farm and a group of crypto expert miners. However, there’s no mention of a single member of the store. We even don’t know the CEO or founding members of the store.
Here’s a closer look at some of the pros and cons found in the Apexto Mining store;
Accessible Miners on Apexto Mining
The store lists miners based on bestselling, stock, and upcoming/future miners. What we found with their pricing model is beyond shocking. The store undersells miners in an attempt to lure investors.
From the video, you would think that the store is a manufacturer of ASIC Miners. The store does a pretty good job of convincing the public about their store. Sadly, the most crucial aspect of the store is missing, delivery.
No buyer has received any miner for the past month. The store fails to give any information as to why this is the case. There’s a reason why the store tries to undersell miners. And that reason is bulk buying.
The store wants buyers to purchase their miners in bulk. And that’s why the prices are even lower than the manufacturer’s set average. But unfortunately, these are the mistakes buyers fail to spot in an attempt to buy what looks like affordable miners.
Another mistake from the store is the failure to produce proof of the miner’s conditions. As a buyer, you have to ask for proof of the miner’s work. A reliable store will provide a short video of the miner giving the buyer a chance to check it.
The video will show the mining unit’s configuration, condition, and hashing. All we have from apextomining.com is their word that the miners are brand new. It would be ideal for checking the miner first before making an order.
Affiliate and partner programs
There’s an affiliate and referral program available on the platform. The store promises a hefty 25 percent commission on all sales. Remember that the store will insist on bulk buying instead of retail sales.
This looks like a credible way of earning passive income as an affiliate. Sadly, the store won’t release any conversion data to affiliates. The store also fails to release commissions to affiliates, leaving them in the dark.
Both the affiliate and the buyer end up losing their funds. In addition, the store fails to deliver set miners even after buyers complete payment. These are the facts that make investing in the store a huge problem.
The store is only interested in the connections of affiliates. Unfortunately, as an affiliate, you lose your credibility and reputation. That’s why no professional affiliate wants to partner with the store.
It would be best to protect yourself and the interest of those you direct. Affiliates must research the store before becoming a partner. Make sure to confirm that the store does indeed deliver miners. Failure to do so, such stores will take advantage of affiliates.
Apexto Technology Co., Ltd is the parent company that owns the store. However, there’s no such entity registered by the Chinese government. And that makes Apexto Mining an anonymous store that deliberately hides this information.
The problem with anonymous stores is that most will take advantage of buyers. As mentioned earlier, even the presentation video doesn’t give the founding members’ names. The store is completely shrouded in mystery.
It would be best if you avoided anonymity when dealing with online stores. There’s no telling what the store offers to investors. And that’s why we have to expose its mediocre attempt to fool crypto miners.
Buyer’s protection Apexto Mining
There’s no protection on the platform as one would expect. The terms and conditions stipulate that all liability falls on the buyer. Most buyers fail to go through the terms and conditions of a store.
These are the blueprints that drive the store. First, we see that the store doesn’t even accept returns. Even if your miner gets damaged during shipping, the store won’t cover any repair fees. That’s what makes the store unworthy.
The store doesn’t offer any returns. Once the point of sale is complete, the store won’t accept any returns. That’s why we see their terms as shoddy and seem to put all risk on the buyer. It’s unacceptable.
Contact and support
Despite claiming to be a leading, there’s no direct way of contacting staff members. You have to email and wait for a response. The store might decide to put you on hold or fail to respond.
Delivery problems with apextomining.com
Several issues are found on apextomining.com, and delivery is one of them. You won’t get to withdraw funds from the store. Make sure to stay away from it or risk losing everything.
Please stay away from Apexto Mining.
Instead, you can go for reliable mining contracts that enjoy the backing of the trading community.
Drop a comment or join the engaging crypto community for more.
We are APEXTO TECHNOLOGY CO., LTD. Thank you for your interest in our company and for making such a detailed analysis of our company. We have read your article carefully and found several points that we would like to clarify with you. We found that some of the information in your article is not consistent with our company’s situation. Perhaps you have learned some false information about our company from other websites, so we would like to make a clarification here. Please understand if you feel offended.
First, the situation that you mentioned in your Introduction “And now, there are claims the store is a clone of another store with a similar name, Apexto Miner.” is not true. You can go to the home page of our website https://apextomining.com/beware-of-fake-website/ and see that we have listed a number of fraudulent websites that are pretending to be our company’s website, among which is the company you mentioned, Apexto Miner. We have a lot of feedback from our customers telling us that they have been cheated by these fraudulent websites, so we have listed them for you to avoid losses. On the website you can also find the contact information of all our salesmen, and we will reply to our customers promptly and provide assistance.
Second, some parts of the “Apexto Mining Store” section in your article are biased. In fact, the Chinese government did not in fact ban the sale of crypto products, it just put a halt to crypto mining. And 90% of the miners are still being manufactured in China and shipped abroad. What’s more, currently almost 90% of the miners selling stores now accept cryptocurrencies and we also accept T/T payments, but you need to contact a salesman to get bank account information. In addition, regarding the PandaMiner you mentioned, this brand has always existed and has been launching new products in recent years. The brand’s products, such as the B7 Pro and B8 Pro models of GPU miners, are hot in 2021. In this year, PandaMiner also launched new product H3 and H3 PLUS.
Third, in the section “Advantages and Disadvantages of Apexto Mining”, we also have a few points that we would like to clarify. Our company’s hosting service was discontinued in 2021, and now our company only provides services for product sales. In addition our company does not sell miners at low prices to attract investors. We work closely with all major mining machine manufacturers, so we are able to offer our customers very competitively priced mining machines. We also target customers who have large mining operations overseas or who are interested in setting up mining operations for long-term cooperation. To ensure the quality of our products, we will send our customers a test video of the mining machine to ensure that the machine is brand new and in good condition before shipping.
Fourth, we totally disagree with what you have mentioned in “Affiliate and partner programs” . Our company has absolutely no “affiliate and referral program” as you mentioned. Our company has been the only channel to purchase mining machines since the beginning, and we have not authorized any other organization or collective. We also need to state that we have three companies, APEXTO TECHNOLOGY CO., LTD., SHENZHEN APEXTO ELECTRONIC CO., LTD. and LEADERSPOWER TECHNOLOGY COMPANY LIMITED.
These are the points we would like to explain, thank you for reading. We think your article is very clear and appreciated, and we look forward to working with you in the future. Thanks again and look forward to your reply.
APEXTO TECHNOLOGY CO., LTD
We look forward to working with you in the future. You can email [email protected] for more. Thanks.
Thank you very much for your timely response!
We tried to send you an email to get in touch with you, but we were unable to successfully deliver the email to your email address. We have confirmed your email information, but still cannot deliver successfully. So could you please contact us? Here is our email address: [email protected].
We look forward to hearing from you!
APEXTO TECHNOLOGY CO., LTD
Okay, I will get in touch with you.
Anything become of this? Looking to buy a miner from them
Please be careful when engaging with Apexto Mining. The platform was red-flagged by us for failing to deliver miners. If you decide to engage, please adhere to the guidelines provided in our post and ensure the store does too. Let us know how it goes. Which miner were you looking to buy?