FT Mining Promises High Returns with Cloud Mining Contracts

FT Mining is offering cloud mining services that allow users to participate in cryptocurrency mining without having to purchase or maintain their own hardware. The platform advertises contracts with projected returns ranging from 6.6% to above 1,500% overall.

The company claims to be regulated by the Financial Conduct Authority and certified by PwC, but it does not provide publicly available documentation to support these claims. FT Mining also offers Lloyd's insurance for its digital asset custody.

Customers can create an account on the platform, deposit supported assets such as BTC or ETH, and activate a mining contract through their dashboard. The company claims that users can start mining without any equipment, but it does not provide details on how deposited assets are used or how mining output is measured.