Oasis Mining claims to be a cloud mining platform for mining bitcoin. The company claims that they are a pooled mining solution with the best hardware and maintenance systems. Oasis Mining could offer a high return on investment compared to other platforms that ensures a state of the art service.
Users will be able to start mining with the Oasis platform on April 1st, 2018.
Uses of Oasis Mining
How Oasis works is that customers can earn Oasis credits and then convert those credits into bitcoin. Otherwise, there is an option to invest in the platform itself to get a return back from bitcoin mining.
Customers can purchase mining packages with a variety of different currencies such as bitcoin, bitcoin cash, and Ethereum.
Navigating Oasis Mining
In order to see your dashboard, you will need to be logged into an account with Oasis Mining. To do so, click the signup link on the homepage or navigate to the packages page. There you will be asked to sign up with a username and password, as well as to confirm your email address.
Customers can buy a variety of different mining packages with Oasis mining, such as:
- OAS SHA-256
At the time of writing this article, only SHA-256 is available for purchase, with the rest out of stock.
Other features on the dashboard include being able to see:
- Exchange service
The inbuilt exchange service means that customers can trade their cryptocurrencies around without having to leave the Oasis Mining website.
Is Oasis Mining Legitimate?
Oasis Mining is a new website, and it has yet to attract a significant number of users. Also, the site is in its beta stage, which means that customers cannot use an Oasis Mining account until April 1st.
For these reasons, it’s therefore hard to know if Oasis mining can really deliver the bitcoins that it promises. Usually a site will need to be operational for at least several weeks before making conclusions about its legitimacy.
The premise behind Oasis Mining is intriguing, as it states that it uses Oasis credits for mining bitcoin, which can then be traded for fiat dollars. This would make Oasis uniquely positioned in the cloud mining industry, as no other platform currently supports this feature to date.
However, Oasis Mining does have a few drawbacks. First of all, the homepage is vague and lacks a clear explanation for how users can actually mine cryptocurrencies. Secondly, there is no whitepaper, about section, or details on the company that could help legitimize the operation.
The lack of these details is significant as most cloud mining platforms and other high yield investments are known to be Ponzi schemes that disappear with people’s money. For these reasons, users should tread with extreme caution before investing any significant amount of money into Oasis mining.
Oasis Mining Summary
Oasis Mining offers a novel way to mine cryptocurrencies with its inbuilt Oasis token, but the lack of transparency of how the mining platform works should be enough to raise red flags for investors.
The platform is due to go live in April of 2018, so users should be supplied with more information when that time comes.