Hello, and welcome to the complete overview and buying guide for NEO (New Economic Opportunity) Mining & Technologies.
In this post we will go over everything from the top down that you need to know about this amazing mining company and all of its services. This thread will be updated as the company grows and you can keep track of that with the last updated line below.
Last Updated: 01/22/2018
Let's jump into it.
What is NEO Mining & Technologies
NEO Mining & Tech is a company formed out in Silicon Valley, the mecca of entrepreneurism. NEO Mining specializes in cryptocurrency mining and services. Their current main service is contract mining which we will get into later in this thread. Neo aims to fulfill your experience in the blockchain world with providing a sustainable mining service.
NEO Mining was founded by Jesus Osuna on October 4th, 2017 in California and was given its sellers permit on October 25th, making the company legal and compliant to sell cryptocurrency hashpower and services in the United States. (see pictures below)
Proof of Incorporation
Proof of sellers permit
Shortly after the incorporation of NEO Mining they publicly opened their doors on December 24th, 2017. Since then over 1,000 people have opened and have an active mining contract with them. But before we jump into just how awesome the mining contracts are, let's see why over 1,000+ people have joined in just under a month.
If you want to hear more about the company, its vision and more about the owner himself, check out the awesome interview of Jesus Osuna himself below.
Why NEO Mining & Tech?
Transparency
NEO Mining strives itself on being transparent and upfront with all of its customers. It is their firm belief that being transparent is one of the most important aspects of running a cryptocurrency business. Many operations will refrain from showing the proof of incorporation (as shown above), their mining rigs (or proof of their services), and the owners will often hide their identities. NEO has already addressed this in many ways and continues to share its transparency on social media via the owners pages, but allow me to share some awesome photos from the initial building of the mining farm.
| Mining | Transparency |
|---|---|
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Low-Cost Contracts
One of the greatest things about NEO Mining is that the contracts are on the lower end of the industry average per mega-hash (MH). To refrain from talking down or name blasting other companies I will allow you to do your own research on this matter. I will however put the pricing below for NEO Mining for you to reference.
| Hashpower Package | Cost |
|---|---|
| NI - 14MH/s | $350 |
| NX - 70MH/s | $1750 |
| NV - 140MH/s | $3500 |
*There are no monthly fees, costs or additional charges on top of the mining contracts. To see more information on how packages work, please visit the "How A Mining Contract Works" section below.
Opportunity
As a customer in NEO Mining & Tech you have the ability to become a "reseller" of the mining contracts, which can earn you commission on each sale you make. For those who are interested in sharing their mining success and progress can do so, and be rewarded for it. All commission payouts can be withdrew in any of the backend supported cryptocurrencies which at the moment are Bitcoin and Ethereum.
How A Mining Contract Works
Mining contracts are simple, and anyone can get this setup within a day. But let's discuss what happens when you purchase a contract through NEO Mining.
The day your order completes is day 1 and this starts a 14 day escrow period that allows NEO Mining to setup and allocate your personal hashpower order. This time frame allows them to order and setup and additional components that may be needed to provide the service to you.
On the 15th day your hashpower becomes active and will begin to start mining. On the 30th day after your hashpower activates is when you will receive your first mining reward in your backend. This will continue for the entire 2 year contract, and the rewards will continuously be sent to your backend. At any point you can initiate a withdraw from the backend wallet to your personal wallet, currently paid out every Thursday.
To quick recap this.
Day 1: Order Completed and payment escrowed.
Day 15: Hashpower/Mining goes live for your order.
Day 45: First mining reward should arrive.
Every 30 days after: Additional mining payouts.
How Much Ethereum Can You Mine With A Contract?
In the video below I break down exactly how you can calculate your potential mining rewards from each package. Keep in mind this will vary based on current mining difficulty, for the most accurate information you should use this link and calculate everything at their current rates.
How to purchase a contract
Purchasing a mining contract through NEO Mining is also super simple, assuming they still have hashpower in stock, which at the moment they do.
Supported Payment Methods
Debit/Credit Card
Bitcoin
Ethereum
To purchase a contract you'll need to visit this link and click on "Register".
The registration process is pretty straight forward but I will help you with Step 1 as it does have a few fields that may be confusing to you.
The sponsor username section should auto-fill itself, but incase it doesn't please make sure it says "scagfx" unless otherwise stated.
The "position" section should be set to "left leg"
Then you need to select your hashpower package. In the photo below this is set to NV but you will want to choose the package that you wish to purchase.
The rest of the registration form is just personal information, SMS verification and payment processing.
Need help with signing up? Send me a message on Facebook