Mining Race
A real, maintained, well-rated app selling a 120-day rental of 100 TH/s for about $375 - against hashpower that grosses $370.56 over the same period at the July 2026 hashprice, before a 10% mining fee, a 2% transaction fee, electricity, and the 27–33% of every dollar the compensation plan pays upline.
A Mining Card sells about 100 TH/s for about 120 days at roughly $375 and is promoted at an 18% return - roughly $442 - while the hashrate it represents grosses $370.56 gross at the 13 July 2026 hashprice, before any cost at all.
Can you actually make money with Mining Race?
No, and the arithmetic is the whole answer. A Mining Card sells about 100 TH/s for about 120 days at roughly $375, and it is promoted at an 18% return, about $442. At the 13 July 2026 hashprice of $30.88 per PH/s per day, 100 TH/s over 120 days grosses $370.56. That is the gross revenue of the thing being sold, before the 10% mining fee, before the 2% transaction fee, before electricity, and before anybody upline is paid.
Then the entry. The $100 Starter Spot is an annual, non-refundable software subscription that the company's own Terms confirm does not include mining power. It produces nothing on its own. It is also where the highest commission rate in the plan sits, 10% on the Spot against 5% on the mining products themselves. Realistic first-year outlay is about $450 to $500, and even at the promoted 18% the minimum participant does not clear it in year one.
The structure closes the loop twice. An account cannot be opened without an invite code from an existing participant, so no member of the public can become a customer without first being recruited by somebody who is paid for recruiting them. And referral commissions are claimable only at 0.005 BTC, roughly $310, and only if the Spot is linked to a card or device above 100 TH/s. You must have your own capital in the return-bearing product before a cent of your recruitment income becomes real.
Several things here are better than the category and belong on the record. Payouts are made in real Bitcoin rather than a proprietary token. The application is real, actively maintained and well rated. The entity is registered with named, identifiable owners, the Terms are published and detailed, and the company itself never states the 18% figure anywhere, which comes from promoters. Two regulators published warnings in 2026: Austria on 20 March, classifying the flagship as an unauthorized alternative investment fund, and Estonia on 4 June. Both are warning notices, not findings of fraud.
the Starter Spot - an annual, non-refundable software subscription that produces no mining power at all. Realistic first-year entry is about $450–500, and there is no ceiling.
- A promoted return that does not exceed the gross revenue of the hashpower being sold. Until the 18% sits below what 100 TH/s can earn over 120 days, the difference has to be funded from somewhere other than mining.
- A public sign-up route. While an invite code from an existing participant is mandatory, the structure cannot produce a single customer who was not first recruited by somebody paid for recruiting them.
- Referral income that does not require buying the investment product. The Green Spot clause withholds incentive earnings unless a card above 100 TH/s is linked, which forces every earning recruiter to also be an investor.
- An income disclosure, and with it the number that settles the central question: what share of Mining Cards reach their outcome target inside 120 days rather than entering Extended Status. Nothing of the kind is published anywhere.
That call is computed, not chosen - the rule reads three of the nine published dimension scores and is printed on the methodology page. It describes this company's plan and the figures it publishes about the people already in it. It is not a prediction about you, and nothing on this site is advice.
Legal status
CONTESTED IN TWO JURISDICTIONS, NOT FOUND UNLAWFUL ANYWHERE - and the letter grade below is not a legality verdict. Austria’s Financial Market Authority published a warning notice on 20 March 2026 under § 47 Abs. 12 AIFMG stating that Miningrid L.L.C. / Mining Race has no authorization to distribute Mining Race Cards in Austria and that those cards are to be classified as an Alternative Investment Fund. Estonia’s Finantsinspektsioon published a public warning on 4 June 2026 concerning unregistered investment services - recorded here on a specialist watchdog blog’s reporting, because the regulator’s own page could not be retrieved. Both are warning notices about an unauthorised offering. Neither is a finding of fraud, a prosecution, a fine or a court judgment. No criminal charge, indictment, conviction, cease-and-desist order, consent order, civil penalty, civil judgment, asset freeze or receivership against the company or any named officer could be located anywhere. No German, Swiss, Slovenian, UK or US regulator has published anything, and US persons are contractually prohibited from participating. In the UAE the company holds a valid trade license for IT, cloud and software services - which authorises neither mining nor the offering of investment products.
Confidence: Medium-High
Primary sources fetched directly where possible. Everything we could not verify is listed at the bottom of this page by name.
Follow the money
A Dubai-registered mobile application, published by Miningrid L.L.C. and promoted alongside a separate marketing entity called ICONX, that sells rentals of Bitcoin hashpower and hosted mining hardware to a European retail audience - chiefly in Germany, Slovenia, Austria and Switzerland - through a multi-level compensation plan. Entry requires an invite code from an existing participant; there is no public sign-up.
What is genuinely good here belongs first, because it is real. The app works, is well built and is actively maintained: 50,000+ Android installs, 4.3 out of 5 on both major stores, last updated 18 July 2026. The integrated wallet is described as non-custodial. Payouts are made in actual Bitcoin - there is no proprietary token with an operator-set price, no staking wrapper, no locked instrument - which removes an entire class of abuse common in this category. The company does not claim your phone is mining anything; its products are framed as hashrate rental and hosted machines, which is a more honest framing than much of the sector. The corporate entity is real and named, with shareholders disclosed by percentage. The Terms and Privacy Policy are published, detailed, and define every product and every withdrawal threshold. And the company’s own current content carries a genuine risk disclaimer stating that rewards are not guaranteed and that past activity does not indicate future rewards.
The product stack has five layers and the first one mines nothing. A "Spot" is an annual, non-refundable software subscription - Race, Starter at $100, Premium at $300, Platinum at $1,000, then Prime and Diamond at prices that are not published - which the Terms confirm "doesn’t include mining power; it only permits adding power through devices, cards, or Cores." Onto the Spot a participant plugs Mining Cards, the flagship product, defined in the Terms as "power rental of an average of 100 TH/s for an average of 120 days, which remains active until the applicable outcome target is achieved" and priced by secondary sources at roughly $350–400; Cores at roughly $25, each representing 1 TH/s for a year and each an entry into weekly and per-block prize draws; hosted Mining Devices; and, from mid-2026, "Power Nodes" measured in kilowatts. No prices for any of it appear anywhere on the company website.
The compensation plan is not a referral scheme with tiers - it is a full multi-level structure. Direct commissions pay 10% on the Spot subscription and 5% on the mining products, so the highest rate in the plan attaches to the one thing that produces nothing. A binary residual pays 10% weekly on the weaker leg with carry-forward. A unilevel "Grid Bonus" pays on downline mining power across twenty levels - 4%, 2%, 1%, 0.5%, 0.5% and then 0.1% on each of levels 6 through 20, totaling 9.5% - and a "Grid Link" extension reaches as far as 45 levels, activated per Mining Core owned, so that buying more $25 Cores literally buys more commission depth. Nine ranks run from Star 600 at $600 of counted volume to Icon at $9,000,000, with rank bonuses reported from $100 to $300,000. Every rank requirement is a volume threshold; none is a customer count.
The decisive fact requires no allegation from anyone. At a Bitcoin hashprice of $30.88 per petahash per day - Hashrate Index, 13 July 2026 - 100 TH/s across 120 days grosses $370.56 before electricity, hosting, pool fees or operator margin. The card costs about $375 and promoter material advertises a return of about 18%, roughly $442. The company then deducts a 10% mining fee and a 2% transaction fee, and the compensation plan consumes an estimated 27–33% of every dollar before any hashpower is bought. The promised outcome is larger than the maximum possible gross revenue of the thing being sold. Two national regulators published warnings in 2026 - Austria on 20 March, classifying the card as an unauthorised Alternative Investment Fund, and Estonia on 4 June - and those are warning notices about an unauthorised offering, not findings of fraud.
Where $1,000 of participant money goes
An estimate, and labeled as one - but bounded by the published commission rates and the fees stated in the company’s own Terms. Modeled on a typical mix of one $100 Starter Spot, two Mining Cards at roughly $400, and a few Cores. The company publishes no financials of any kind, so the residual line is a residual, not a disclosure.
| Product | Price | Pays |
|---|---|---|
| Race Spot (entry tier) Cores only - no Mining Card and no Mining Device capacity. The Terms define a Spot as a subscription that makes you eligible to add products; it "doesn’t include mining power" itself. Minimum term twelve months, fee expressly non-refundable, one free Mining Core bundled. |
not published annual |
10% |
| Starter Spot Up to one Mining Card and one Mining Device. Price triangulated from three independent secondary sources - a watchdog blog, a German promoter site and an affiliate content site - which agree on $100. Not published by the company anywhere. |
$100/yr annual |
10% |
| Premium Spot Up to nine cards and nine devices. Filling those slots at $350–400 a card is $3,150–3,600 on top of the subscription. Same three-source price provenance. |
$300/yr annual |
10% |
| Platinum Spot Up to thirty cards and thirty devices - $10,500–12,000 in cards on top. Prime (50 cards) and Diamond (150 cards) sit above it at prices published nowhere; a Diamond Spot supports $52,500–60,000 of cards. The recorded "capped at $500" entry range is wrong at this end by an order of magnitude. |
$1,000/yr annual |
10% |
| Mining Card ("Stable Mining") The flagship. "Power rental of an average of 100 TH/s for an average of 120 days, which remains active until the applicable outcome target is achieved." Not fixed hashrate, not a fixed term, and no owned asset. If the target is missed the card enters "Extended Status" at a "reduced speed" that is nowhere quantified. Price is bracketed from one promoter source (~$350) and one watchdog source (~$400); no official price page exists. |
~$350–400 per ~120 days |
5% |
| Mining Core 1 TH/s for a year - about $11.27 of gross mining revenue at July 2026 hashprice, roughly 45 cents per dollar spent, before the 10% mining fee. Its real functions are lottery entry (a weekly Sprint Race open only to Cores enrolled that week, plus a per-block Block Race) and commission depth, since each Core unlocks additional Grid Link levels. The Cores Racing page publishes no prize amounts and no odds. |
~$25/yr annual |
5% |
| Mining Device (hosted ASIC) No models named, no facility named, no hosting fee schedule published. No refunds. Delivery expressly not guaranteed - the company "may connect computing power equivalent to the ordered device power" until physical delivery. It may switch the machine off or relocate it if earnings do not cover electricity, and on non-payment may seize, sell, reconfigure or retain it. Additional service fees may apply after four years. |
not published one-time + hosting |
5% |
| Power Node Added mid-2026: "infrastructure products representing computing capacity in kilowatts," explicitly "not direct mining hardware ownership." No price, no term, no return figure and no facility disclosed - a claim on kilowatts rather than on hashrate. Its introduction at a point when traffic estimates suggest recruitment was slowing is worth noticing. |
not published not published |
5% |
Who runs it, and what they ran before
Named, with a disclosed shareholding percentage, in a public register check reported by a claims-recovery firm and consistent with the December 2023 launch release. That matters and should be said plainly: unlike the large majority of operations in this category, this one is not anonymous. No regulatory action, fraud judgment or criminal proceeding against him could be located in any source reviewed.
A member of Dubai’s ruling family. In Dubai’s promotional-company ecosystem, royal-family association is a marketable asset and such names appear on the boards of a very wide range of ventures. Its presence establishes reputational borrowing. It does not establish operational oversight, it does not constitute government backing, and it emphatically does not constitute a financial license - the Austrian FMA notice is the direct rebuttal to any promoter who implies otherwise.
Both named in the December 2023 launch release; Abuzinjal is separately listed as "Founder & CEO" on an ICONX-branded site. Named natural persons with identifiable roles are a genuine point in this file’s favor. What is not disclosed anywhere is the legal relationship between Miningrid L.L.C., "Mining Grid", "Mining Race" and ICONX - which entity contracts with the participant, which holds the money, and which pays the commissions. If money is taken by one entity, promises made by a second, and commissions paid by a third whose license reportedly lapsed in May 2025, there is no clear counterparty.
The corporate side is Emirati and previously unknown in this space. The recruiting side - the people who run the European events, occupy the top of the compensation plan and actually enrol retail participants - is reported by two independent outlets, an investigative writer and a specialist industry watchdog blog, to be a roster of leaders who came out of previously collapsed crypto and packages schemes. That is watchdog journalism, not a regulatory finding, not an indictment and not a court judgment. No charges are recorded against any of them in connection with this operation, and prior association with a venture that later failed is not itself wrongdoing - some will have lost money themselves. What it establishes is narrower and still material: a prospective participant is not being recruited by a neutral party, but by someone whose income depends on the purchase and who has, on this reporting, moved on before when a vehicle stopped paying.
Registered address
Bur Dubai, Al Quoz Industrial Area 2, Dubai, United Arab Emirates
The address above is the one named in the Austrian FMA’s warning notice. The Google Play developer record gives a different Dubai address, care of a real-estate construction company in Oud Metha. There are no financials of any kind - no audited accounts, no unaudited accounts, no revenue figure, no user-funds figure, no proof of reserves, and no disclosure of the split between mining revenue and new-subscription inflow, which is the single number that would settle whether this is a mining business or an inflow business. UAE mainland limited liability companies are not required to file publicly accessible annual accounts, so the opacity is lawful. It is also total. The only scale proxies available are third-party traffic estimates reported by a specialist watchdog blog - roughly 25,000 monthly visits in February 2026 (Slovenia 51%, Germany 30%, Austria 9%) falling to roughly 12,600 in May 2026 (Germany 76%, Slovenia 10%, Switzerland 5%, United States 4%) - and 50,000+ Android installs. Traffic estimates are noisy and the app rather than the website is the primary interface, so the halving is suggestive rather than probative. The geographic footprint is squarely European retail, which is exactly the population the two warnings address. The company’s own documents also disagree with themselves on jurisdiction: the Terms apply the laws of the United Arab Emirates, while the Privacy Policy cites the British Virgin Islands’ Data Protection Act 2021 and BVI anti-money-laundering regulations. No BVI entity was identified in any register.
The veteran's checklist
Eight questions that decide whether this is a business or a transfer mechanism. Same eight, every review.
| Question | Answer |
|---|---|
| Who legally owns it? |
WATCH
Miningrid L.L.C., Dubai, DET trade license 1207912, incorporated 12 July 2023, shareholders named at 80% and 20%. Licensed activity is "IT, cloud and software services" - no VARA permit, no DFSA authorization, and no disclosed relationship to "Mining Grid" or the ICONX marketing entity whose license reportedly expired 19 May 2025.
|
| What does it really cost? |
RED
Not free and not capped at $500 - both ends of the commonly quoted range are wrong. An invite code is mandatory, the Starter Spot is $100 a year and mines nothing, and a card at $350–400 is effectively required. Realistic first-year entry is $450–500; Platinum is $1,000 a year plus $10,500–12,000 of cards, and a Diamond Spot supports $52,500–60,000 of cards.
|
| Published income disclosure? |
RED
None of any kind. No rank table, no average, no median, no zero-earner rate - and no publication of how many cards reach their outcome target within 120 days versus entering Extended Status, which is the most important number in the business.
|
| Does it actually mine Bitcoin? |
RED
Could not be established. No named pool, no pool statistics, no hashrate figure, no wallet address, no on-chain evidence, no named facility or hosting partner, no audit and no whitepaper. To be fair, the company does not claim your phone mines, and payouts are in real Bitcoin - but from the participant’s seat the mined balance is a number in the operator’s database.
|
| Can you get your money out? |
RED
Could not be established either way, and that is the honest answer. The published rules are restrictive: 0.002 BTC minimum on mining credits with a 10% penalty below it, 0.005 BTC plus a 100 TH/s purchase on referral income, ~120-day cycles, auto-renew that reinvests by default, and deletion of balances 180 days after a lapsed Spot. On practice there is no dated first-hand proof in either direction; Trustpilot returned an access error.
|
| Has any regulator acted? |
CONCERN
Two published warnings in 2026 - Austria’s FMA on 20 March classifying the card as an unauthorised Alternative Investment Fund under § 47 Abs. 12 AIFMG, and Estonia’s Finantsinspektsioon on 4 June regarding unregistered investment services. Both are warning notices, not findings of fraud. No charge, conviction, cease-and-desist, consent order, fine or judgment anywhere.
|
| Can the company change the deal after you pay? |
RED
Substantially. Cards deliver "an average of" 100 TH/s over "an average of" 120 days; a card missing its target continues at an unquantified "reduced speed"; devices may be switched off, relocated, reconfigured, retained or sold; delivery of purchased hardware is expressly not guaranteed; and the account may be terminated "for any reason and in our sole and absolute discretion," with power to freeze wallet assets.
|
| Merchant play or miner play? |
RED
Recruitment, structurally and without ambiguity. There is no public sign-up, so no retail customer can exist; the highest commission rate is paid on a subscription that produces nothing; every rank is a volume threshold; buying more $25 Cores buys more commission depth; and referral income is unwithdrawable until you have bought the investment product yourself.
|
What has to be true for you to get paid
| To cover | You need |
|---|---|
| Break even as the minimum participant, year one | more than the card can pay $100 Spot + ~$375 card = $475 out; even at the promoted 18% the card returns ~$442, less 2% ≈ $433 - net −$42 before the next $100 renewal |
| Break even on what the hashrate can actually produce | a second and third card cycle, funded from elsewhere 100 TH/s × 120 days grosses $370.56; less the 10% mining fee and 2% transaction fee ≈ $327; less power and operator margin, realistically $130–200 to the participant against $475 out |
| Withdraw a single cent of referral commission | 0.005 BTC accrued plus a 100 TH/s purchase the "Green Spot" gate: ~$310 of accrued incentive earnings AND a linked card or device above 100 TH/s - roughly $350–400 of your own capital committed first |
| Clear a positive year as a builder | about 40 recruits and $4,750 of your own capital Platinum Spot $1,000 + 10 cards $3,750; ~$1,900–2,100 in commissions plus ~$4,425 of promoted card returns against $4,750 out - and every one of the 40 sits in the first row of this table |
Read this twice
Every figure here uses Bitcoin at $62,042 and a hashprice of $30.88 per PH/s per day, both from Hashrate Index on 13 July 2026, and holds the Bitcoin price flat so that the mechanics rather than market luck are what is being measured. The card price is taken at the midpoint of the $350–400 range that two independent secondary sources bracket, because the company publishes no price anywhere. Read the first row carefully: it is calculated on the promoted 18% return, the most favorable assumption available, and it still does not break even. The reason is the $100 Spot - a subscription that produces no mining power at all, that is non-refundable, that must be renewed annually, and that has to be earned back before anything else can be. The second row is what the arithmetic supports rather than what is advertised, and the gap between the two rows is the whole file. The third row is the "Green Spot" clause, and it is worth stating in the plainest terms: recruiting three people at typical ticket size produces roughly $179 of commission, which is about 0.0029 BTC against a 0.005 BTC threshold, so that participant cannot withdraw any of it - they must recruit five or six, and hold an active 100 TH/s card throughout, before the money becomes touchable at all. The fourth row is the only scenario in this document that produces a meaningful positive outcome, and it requires forty other people to be in the first row. Two further mechanics change the picture and both cut the same way. Auto-renew, which the promoted setup leaves on, converts every earning into a new card rather than into cash - so the most attractive scenario on paper is the one in which the participant receives nothing at all during the year and holds the largest position inside the platform. And if the Spot is allowed to lapse, cards pause, Core Race rewards become unclaimable, and after 180 days the Spot is deleted "causing loss of associated activities and balances." One honest caveat in the operator’s favor: none of this assumes a payment failure. No halt, suspension, exit or collapse has been reported as of 30 July 2026.
Run your own numbers
Drag the sliders. Nothing here is stored or sent.
10% of a $100 Spot subscription plus 5% of roughly $900 of mining products is about $55–60 per recruit. The binary residual and the 20-level Grid Bonus are excluded because they depend on your recruits recruiting rather than on anything you do. Cost is a realistic $450 entry - the mandatory Spot plus a first Mining Card - spread across a year; the $100 headline is not an entry price. One thing the model cannot show and you should not forget: under the Green Spot clause your referral earnings are "withheld and inaccessible for withdrawal" unless you personally hold 0.005 BTC and a linked device or card above 100 TH/s, so none of this is yours until you have put roughly $375 of your own capital into the return-bearing product. No income disclosure exists. Your own subscription cost of $37.5/mo is included.
What it costs to replace this yourself
What Mining Race sells, stated precisely, is 100 TH/s of SHA-256 hashpower for about 120 days at roughly $350–400, plus a $100-a-year access fee, minus a 10% mining fee and a 2% transaction fee. Every line below prices that same capability on the open market at the reference date of 13 July 2026, using a public hashprice index, retail ASIC pricing and ordinary exchange and wallet options. No competing income program is named or needed; these are simply what the components cost.
| What they sell you | What you'd use instead | Your cost |
|---|---|---|
| Mining Card - 100 TH/s for ~120 days, ~$375 | The gross revenue that same hashrate produces, at $30.88/PH/s/day | $370.56 |
| The same hashrate as an owned asset | Retail current-generation ASIC at $25.70/TH - ~$2,570 for 100 TH/s, amortised over four years | ~$214 per 120 days |
| Electricity, bundled and unquantified | ~1.35 kW at 13.5 J/TH → 3,888 kWh over 120 days | $194–$389 |
| Platform load - 10% mining fee + 2% transaction fee | Fee at a major public mining pool, depending on payout scheme | 0%–4% |
| Non-custodial wallet, bundled in the $100 Spot | Any of a dozen established free non-custodial Bitcoin wallets | $0 |
| "Education Center" blockchain explainers, bundled in the Spot | Commodity material available free from exchanges, wallets and open documentation | $0 |
| Exposure to the Bitcoin price | Buying $375 of the coin on any exchange - instant, self-custodied, liquid, no counterparty, no 120-day wait | spread only |
| Mining Core - $25 for 1 TH/s for a year | The gross mining revenue 1 TH/s produces in a year at the same hashprice | $11.27 |
| $100 annual Spot subscription | Nothing, because it delivers no hashpower and no service that is not free elsewhere | $0 |
| Total as sold ~$450–500 in year one, for a rental that expires |
Total, built yourself ~$408 of owned capacity plus power, or $0 for a wallet and price exposure |
Price-to-value
The comparison does not turn on the premium being large - it turns on the fact that the rental is priced above the gross revenue of the hashrate it represents. A buyer who wants Bitcoin exposure buys Bitcoin: fractions of a percent in spread, instant settlement, self-custody, no counterparty and no lock-up. A buyer who wants mining exposure buys hardware, which is a resaleable asset, or the listed equity of a company that mines. A buyer who wants a wallet and some educational content pays nothing at all. And there is no rational buyer for the $100 Spot in any scenario: it delivers no hashpower, no exclusive content and no service that is not free elsewhere. Its function is to be a gate - and a 10% commission event.
Three operators, five horizons
Probability of cumulative net profit
Hover any point for median, top decile and bottom quartile.
Minimum participant
Starter Spot $100 plus one Mining Card at ~$375, auto-renew off, recruits nobody
| Horizon | P(profit) | Median |
|---|---|---|
| 3 mo | 2% | −$475 |
| 6 mo | 9% | −$300 |
| 1 yr | 7% | −$390 |
| 3 yr | 5% | −$950 |
| 5 yr | 4% | −$1,450 |
Reinvestor
same entry, auto-renew left on, earnings roll into new cards, nothing is ever withdrawn
| Horizon | P(profit) | Median |
|---|---|---|
| 3 mo | 1% | −$475 |
| 6 mo | 2% | −$475 |
| 1 yr | 3% | −$575 |
| 3 yr | 3% | −$775 |
| 5 yr | 2% | −$975 |
Builder
Platinum Spot $1,000 plus ten cards - ~$4,750 committed - recruiting actively toward a 40-person organization
| Horizon | P(profit) | Median |
|---|---|---|
| 3 mo | 2% | −$4,750 |
| 6 mo | 8% | −$3,400 |
| 1 yr | 14% | −$1,900 |
| 3 yr | 11% | −$5,600 |
| 5 yr | 9% | −$9,200 |
Methodology note. These are MODELED outcome ranges, not claims, not company data and not observed results - and the modeling is doing more work here than in most reports on this site, because Mining Race publishes no income disclosure of any kind. There is no rank table, no average, no median and no zero-earner rate to anchor against. ANCHORED to what is published or reliably sourced: the $100/$300/$1,000 Spot prices, agreed by three independent secondary sources; the $350–400 card price, bracketed by one promoter source and one watchdog source; the ~$25 Core; the commission rates of 10% on Spots and 5% on products, the 10% binary on the weaker leg and the 9.5% twenty-level Grid Bonus, all of which a promoter explainer and a watchdog reconstruction state identically; the published 2% transaction fee and 10% mining fee; the 0.002 BTC and 0.005 BTC withdrawal thresholds and the Green Spot requirement, all from the company’s own Terms; and the 13 July 2026 hashprice of $30.88 per PH/s per day. MODELED by us: the proportion of each cohort in cumulative profit at each horizon, the medians and the top and bottom bands, the cohort definitions, and the assumed rate at which cards actually deliver - because the company does not publish the proportion of cards that reach their outcome target within 120 days versus entering Extended Status, which is the single most important statistic in the business. The Reinvestor row deserves a specific note: its cash position stays flat and negative at every horizon not because the on-screen balance falls but because auto-renew means nothing is ever withdrawn. That participant’s dashboard may well show a compounding number. What they have received is nothing. One calibration that cuts in the operator’s favor: no payment halt has been reported, so these figures assume the platform continues to pay as described rather than modeling a failure.
Where you are actually allowed to promote this
Platform policy reads, not verifications. Check every one before you spend a dollar - enforcement changes faster than the written policy does.
Red flags and green flags
Red flags
151The advertised return is larger than the gross revenue of the hashpower being sold
2A national financial regulator has classified the flagship product as an unauthorised Alternative Investment Fund
3A second national regulator issued a public warning for unregistered investment services
4The "Green Spot" clause makes referral income unwithdrawable unless you buy the investment product
5The highest commission rate in the plan is paid on a product that produces nothing
6Buying more $25 Cores buys more commission depth
7There is no public sign-up - an invite code is mandatory
8No prices are published anywhere on the company website
9Zero verifiable evidence of mining infrastructure
10Balances are forfeited if you stop paying the annual subscription
11You can pay for a mining machine and never receive one
12"Extended Status" is an open-ended term extension controlled entirely by the operator
13The field leadership is drawn from previously collapsed crypto and packages schemes
14No income disclosure of any kind, for a product a regulator calls an investment fund
15The company’s own documents cite two different offshore jurisdictions, with no arbitration clause
Green flags
101Payouts are made in real Bitcoin, not a proprietary token
2A real, functioning, actively maintained application
3The company does not claim your phone is mining
4An integrated non-custodial wallet
5A real registered entity with named, identifiable owners
6Detailed, published Terms and Conditions
7A genuine risk disclaimer, and the company never states the 18% figure
8No collapse, exit, payment halt or asset freeze as of 30 July 2026
9No charge, indictment, conviction, cease-and-desist, consent order, fine or judgment anywhere
10Explicit sanctions screening and prohibited-jurisdiction terms
We would like to be wrong about this
Upward
- Verifiable mining evidence: a named pool with a public statistics page, an aggregate hashrate figure, a named hosting facility, or a third-party proof-of-hashrate attestation. This is the single highest-value disclosure available and it would move both product and payout immediately.
- Removal of the "Green Spot" gate so that referral earnings are withdrawable without buying the return-bearing product, publication of prices on the public website so a prospect can evaluate before being recruited, and abolition or sharp reduction of the 10% Spot commission in favor of product-weighted pay.
- Withdrawal or successful challenge of the Austrian FMA’s Alternative Investment Fund classification, or authorization obtained under the AIFMG or an equivalent regime, together with a real income disclosure - including the proportion of cards that reach their outcome target within 120 days rather than entering Extended Status.
Downward
- Launch of a proprietary token, or migration of payouts out of Bitcoin into an in-house asset with an operator-set price. That is the classic pre-collapse move and it would take the securities dimension to zero and remove the only real mitigation in this file.
- Escalation anywhere from warning to enforcement - a cease-and-desist order, injunction, asset freeze or criminal referral - or a further national warning, particularly from the German or Swiss authorities given that Germany accounts for roughly three quarters of estimated traffic.
- Any adverse change to withdrawal terms - a raised threshold, a new fee, a lock-up, a "verification" or "tax release" payment demand, or a suspension - or credible dated evidence of failed withdrawals at scale. A further fall in hashprice would also widen an already unfundable gap.
Grade is F, score 1.34. A real app, a real registered company and payouts in real Bitcoin - attached to a card that is priced above the gross revenue of the hashrate it represents.
Three things about this operation are better than the grade implies and they should be said first, because they are true and because the grade does not rest on any of them. The app is real, well rated and actively maintained - 50,000+ installs, 4.3 stars on both stores, last updated 18 July 2026 - with an integrated wallet described as non-custodial. Payouts are made in actual Bitcoin rather than in a proprietary token with an operator-set price, which removes an entire class of abuse that is endemic in this category. And the company does not claim your phone is mining anything; its products are hashrate rentals and hosted machines, which is a more honest framing than most apps of this kind offer. Add a genuinely registered Dubai entity with shareholders named by percentage, published and detailed Terms, and a real risk disclaimer on the company’s own current content stating that rewards are not guaranteed and that past activity does not indicate future rewards. None of that is small.
The grade rests on one calculation, and it uses only the company’s own product definition and a public market index. A Mining Card is, in the Terms’ words, "power rental of an average of 100 TH/s for an average of 120 days, which remains active until the applicable outcome target is achieved." At a Bitcoin hashprice of $30.88 per petahash per day - Hashrate Index, 13 July 2026 - 100 TH/s across 120 days grosses $370.56. That is revenue before electricity, before hosting, before pool fees and before any operator margin at all. The card costs about $375. Promoter material advertises a return of about 18%, roughly $442. The company then takes a 10% mining fee and a 2% transaction fee, and the compensation plan consumes an estimated 27–33% of every dollar before any hashpower is bought - leaving perhaps $240–270 of purchasable hashrate against a promised outcome of $442. The gap has to be funded, and the only remaining source is the next participant’s money. Three premises that this file was expected to confirm did not survive contact with the documents: entry is not free, because an invite code and a paid subscription are both mandatory and realistic entry is about $450–500; entry is not capped at $500, because Platinum alone is $1,000 a year and a Diamond Spot supports more than $50,000 of cards; and "referral tiers" badly understates a binary plus a twenty-level unilevel plus a forty-five-level Grid Link across nine ranks.
Two further things belong in a reader’s hands, stated at exactly their evidential weight. First, two European regulators published warnings in 2026 - Austria on 20 March, formally classifying the Mining Race Card as an Alternative Investment Fund distributed without authorization under § 47 Abs. 12 AIFMG, and Estonia on 4 June, concerning unregistered investment services. Those are warning notices about an unauthorised offering. They are not findings of fraud, not prosecutions, not fines and not court judgments, and no charge, conviction, cease-and-desist order or civil judgment against this company or any named officer could be located anywhere. Second, and more consequential for anyone actually thinking about joining: whether anything is genuinely mined could not be established, and whether withdrawals function could not be established either way. No pool, wallet, hashrate figure, facility or audit exists publicly; and on payouts there is no dated first-hand proof in either direction - the positive app-store reviews state no amount, date or transaction hash, the negative reports come from a claims-recovery firm with a commercial interest in finding claimants, and the Trustpilot page returned an access error. A participant would be taking the withdrawal function on trust.
If you want Bitcoin exposure, buy Bitcoin
The card gives you a 120-day claim on someone else’s ledger. Buying the coin on an ordinary exchange gives you the same directional exposure for a fraction of a percent in spread, settles immediately, sits in your own self-custodied wallet, has no counterparty, no lock-up, no 0.005 BTC threshold, no 10% mining fee and no 180-day deletion clause. If the answer to "why not just buy the coin" is "because the card pays 18%," then what is being bought is the return, not the mining.
If you want mining exposure, own something
Retail current-generation ASIC hardware was quoted at $25.70 per terahash on the same July 2026 index, so 100 TH/s of owned machine is roughly $2,570 - about $214 of amortised cost per 120 days, and at the end you still hold a resaleable asset. Listed hosting providers publish their rates and their facilities. Publicly listed miners file audited accounts you can read. Every one of those is a way to take mining risk with something you can inspect, value and sell.
Do the $370.56 sum before anyone shows you a dashboard
One hundred terahash for one hundred and twenty days, at the published hashprice on the day you are asked to buy. That is the ceiling on what the product can gross with the operator taking nothing and electricity costing nothing. Compare it to the card price and to the promised return. If the promise is larger than the ceiling, the difference is coming from somewhere other than mining, and you are entitled to ask where. Hashprice is published daily and free.
Read the Green Spot clause before you recruit anybody
Referral commissions are "withheld and inaccessible for withdrawal" unless your Spot is linked to a device or card above 100 TH/s, and the threshold is 0.005 BTC - roughly $310. In practice, three recruits at typical ticket size produce about $179 of commission and none of it is touchable. Before you introduce a friend, work out exactly what you would have to spend, and how many people you would have to enrol, before the money becomes real. Then decide whether you want that conversation to be the basis of the friendship.
Nine dimensions, weighted
Dimension profile
Further from center is better. Hover any point.
Hard caps that bind here
The lowest binding cap wins, regardless of the weighted arithmetic.
What we read
Every source below links to the document itself. Tier 1 is a primary record - the company’s own plan, policy or disclosure, a court filing, a regulator’s decision or an SEC filing. Tier 2 is a self-regulatory or secondary regulator record, tier 3 reporting or academic work, tier 4 an open-market price comparison. Where a document can be moved or withdrawn, an archived copy is linked beside it. If a link is dead when you try it, that is a correction we want.
- Mining Race Terms and Conditions (company document) - definitions of Spot, Core, Mining Card, Mining Device, Mining Credits and Incentive Earnings; 0.002 BTC and 0.005 BTC thresholds; Green Spot / 100 TH/s requirement; 10% below-threshold fee; 180-day deletion of expired Spots; six Spot tiers
Mining Race Terms and Conditions (miningrace.com/terms-and-conditions) - definitions of Spot, Core, Mining Card, Mining Device, Mining Credits and Incentive Earnings; "power rental of an average of 100 TH/s for an average of 120 days, which remains active until the applicable outcome target is achieved"; Active and Extended Status; 0.002 and 0.005 BTC thresholds and the Green Spot requirement; 2% transaction fee and 10% mining fee; non-refundable subscription; no delivery guarantee on devices; 180-day deletion of expired Spots; UAE governing law with no arbitration clause; termination at sole and absolute discretion; prohibited jurisdictions and KYC triggers
- Mining Race FAQs - "Mining Race connects with third-party pools" (no pool named), Mining Card leasing of computing power, Spot-tier device and card limits, Mining Credits definition
Mining Race FAQ, Cores Racing page and blog - "connects with third-party pools" with no pool named; Core defined as 1 TH/s; Sprint Race weekly on the first block after 06:00 GMT Wednesday with only that week’s enrolled Cores eligible; Block Race per block; invite code required; no prize amounts or odds published; "Race SPOT Subscription | Complete Beginner’s Guide" published 20 July 2026 and updated 27 July 2026 listing five tiers and capacities with no prices; June 2026 ecosystem guide introducing Power Nodes and carrying the risk disclaimer verbatim
Not established by this document: The two specific blog posts named in the prose - "Race SPOT Subscription | Complete Beginner's Guide" (published 20 July 2026, updated 27 July 2026) and the June 2026 ecosystem guide introducing Power Nodes - could not be located at any retrievable URL on miningrace.com; the site's blog index did not surface in search. The company pages cited above carry the same tier structure and the same absence of published prices.
- Mining Race "Cores Racing" page - Core = 1 TH/s; Sprint Race weekly on the first BTC block after 06:00 GMT Wednesday, open only to Cores enrolled that week; Block Race every block; invite code required; no prize amounts or odds published
- Mining Race "How It Works" - Mining Grid, Proof of Hash Power (100 TH/s or 4.32 EH per 30 days), Green/Yellow/Red Spot status table
- "An Introduction to Mining Race" - company paper (PDF), setting out the Mining Grid, Racers, Spots and the 18% incentive reallocation across six Leader levels
- "MINING RACE Explainer" - company incentive/profit-allocation PDF (74% Miner Earnings, 18% Incentive Payouts to up to 6 Leaders, 8% Community Fuel)
- Mining Race terminology page - RACE = "Redistributed Assets Coordination Ecosystem", Community Fuel 8%, Fuel Tank, Racing vs Auto-Pilot Mode, 1M Racer cap
- FMA investor warning, 20 March 2026 - "Die FMA warnt vor dem Abschluss von Geschäften mit Miningrid L.L.C / Mining Race" (German original; Bur Dubai Al Quoz address; Mining Race Cards classified as an AIF; § 47 Abs. 12 AIFMG)
Austrian Financial Market Authority warning notice, 20 March 2026 (fma.gv.at) - Miningrid L.L.C. / Mining Race, both domains, Bur Dubai address, § 47 Abs. 12 AIFMG, operative German sentence quoted verbatim in this report; German version directly retrieved, English version returned an access error. Context: German-language reporting notes the FMA issued 47 warnings in just over six months in this period
- FMA investor warning, 20 March 2026 - English version, "The FMA warns against conducting business with Miningrid L.L.C/ Mining Race"
- Hashrate Index Roundup, 13 July 2026 - spot hashprice $30.88/PH/s/day; 7-day network hashrate 879 EH/s; S21XP at $25.70/TH
Hashrate Index roundup, 13 July 2026 - hashprice $30.88 per PH/s per day; network hashrate 879 EH/s; difficulty 127.17T; Bitcoin $62,042; retail current-generation ASIC at $25.70 per TH; commentary that hashprice sits at or below breakeven for many miners
- Bitcoin.com News, 12 July 2026 - difficulty adjustment to 127.17 trillion at block 957,600, hashrate down 7.9% in ten days
- Google Play listing - "Mining Race", developer MININGRID L.L.C, Oud Metha / Bur Dubai address
Google Play listing (developer MININGRID L.L.C, Dubai address, +971 4 881 0808, 50,000+ installs, 722 ratings, 4.3 stars, updated 18 July 2026) and Apple App Store listing (seller Miningrid LLC, 4.3 stars, 45–46 ratings, dated individual reviews) - plus the December 2023 launch release naming the Chairman, Founder and Board Member, Managing Director and Community Director
Not established by this document: Install counts, star ratings and the 18 July 2026 update date quoted in the prose are volatile store metadata rather than fixed document content; the listings are cited for developer identity, Dubai address and release date, which are stable.
- Apple App Store listing - "The Mining Race", provider Miningrid LLC, released 18 August 2023
- Launch press release, 12 December 2023 - "Global Bitcoin Mining Community Launched by Mining Grid: Introducing the 'Mining Race' Platform" (board: H.H. Sheikh Saeed bin Hasher Al-Maktoum; Solaiman Al-Rifai, Founder and Board Member; Rami Alsridi, Founder and Managing Director)
- My Startup World, 7 December 2023 - "Mining Grid launches first Mining Race in the Middle East"
- Channel 360 MEA, 19 December 2023 - interview naming Eng. Ali Saeed AbuZinjal as Community Director and Co-Founder of Mining Grid
- Finantsinspektsioon warning notice, 4 June 2026 - MiningRace / Miningrid L.L.C., Dubai; "Provision of investment services without authorisation" (bilingual PDF)
BehindMLM - specialist industry watchdog blog, single outlet, no legal standing: compensation plan reconstruction, Spot tier prices, card price "start at $400", 118% per 90 days characterisation, nine-rank table with $600 to $9,000,000 volume thresholds and $100–$300,000 rank bonuses, traffic estimates, and the report of the Estonian Finantsinspektsioon warning of 4 June 2026 quoting the authority directly. The outlet’s own "Ponzi" and "securities fraud" characterisations are its editorial opinion and are not attributed to any regulator here - Not retrievable, and recorded as such: the Trustpilot page for miningrace.com (HTTP 403, score and reviews unread); the Estonian regulator’s own warning page (404 on attempted URLs); the official ICONX compensation-plan presentation (JavaScript-gated); two German law-firm articles (HTTP 403); and a TikTok "Mining Race keine Auszahlung" topic page, which exists but whose individual videos were not retrieved or dated
Not established by this document: Still not retrievable, and recorded as such: the Trustpilot profile for miningrace.com (HTTP 403); the official ICONX compensation-plan presentation (JavaScript-gated); the two German law-firm articles (HTTP 403); and the TikTok "Mining Race keine Auszahlung" topic page, whose individual videos were not retrieved or dated. One item on this list has been resolved - the Estonian warning, cited above and again at index 5.
- BehindMLM - "IconX Review: Mining Race Dubai crypto Ponzi" (compensation-plan reconstruction: Spot tiers $100/$300/$1000, mining card ~$400 paying 118% per 90 days, nine ranks from $600 to $9,000,000 counted volume, 20-level ROI match)
- BehindMLM - "Mining Race securities fraud warning from Estonia", quoting the Finantsinspektsioon notice of 4 June 2026
- BehindMLM - "Mining Race securities fraud warning from Austria"
- Danny de Hek, "Mining Race Review: Following The Money, The Promoters And The Questions Nobody Wants To Answer" (12 June 2026)
dehek investigation (dehek.substack.com) - journalism: Core priced at roughly $25 for 1 TH/s for a year; Sprint Race prize reported at roughly $20,000 weekly, single-sourced; referral depth described as up to 50 levels; the promoters’ prior-venture roster; and the finding that the least visible part of the operation is the mining itself
Not established by this document: No dehek.substack.com post exists for this investigation; it is published on dehek.com, whose article pages are behind a reCAPTCHA interstitial and could not be fetched directly. The full text is cited from the syndicated episode notes. The ~$20,000 weekly Sprint Race prize figure and the "up to 50 levels" referral depth quoted in the prose do not appear in the retrieved text of that article and remain single-sourced.
- Same investigation, full text as published podcast episode notes - Core at ~$25 for 1 TH/s for one year; promoter roster; the finding that verifiable evidence of the mining operation could not be found
- BE Conflict Management - "Mining Race / Mining Grid & ICONX in Dubai: IT licence instead of 'crypto mining'" (English): Miningrid L.L.C. founded 12 July 2023, DET license for IT/cloud/software only; shareholders Solaiman Younis Mohamed Esmaeil Alrifai 80% and Shaik Saeed Bin Hasher Bin Maktoum 20%; ICONX Marketing Management L.L.C. license expired 19 May 2025; no VARA or DFSA entries as of 28 August 2025
BE Conflict Management (bekm.us) - a claims-recovery and dispute-management firm with a direct commercial interest in identifying loss-making schemes; treated as reliable on checkable register facts and labeled as an interested party on characterisations: DET license 1207912, founding 12 July 2023, activity "IT, cloud and software services", shareholders and percentages, ICONX Marketing Management L.L.C. license expired 19 May 2025, no VARA or DFSA entries as of 28 August 2025; separately, unnamed and undated client accounts of a €700 partial payout, "impossible" withdrawals, advance-fee demands framed as tax or release payments, and losses in the five-to-six-figure range
Not established by this document: The DET trade-license number 1207912 is quoted only in BEKM's own text; the underlying Arabic license copy and the WKO Außenwirtschaftscenter correspondence they describe are not published, so the number cannot be verified against a registry record.
- BE Conflict Management - German original of the same investigation
- BE Conflict Management - "Mining Race und Mining Grid: Bitcoin-Mining oder digitales Schneeballsystem?" (client accounts of withdrawal problems; 118% per 90 days; $100–$1,000 annual license fees)
- BE Conflict Management - "FMA-Warnung bestätigt erste Zweifel" (follow-up after the Austrian warning)
- passives-einkommen.team, 6 February 2025 - "Bitcoin-Mining neu gedacht: So sicherst du dir 18 % Profit mit Mining Race!" (promoter site; "bis zu 18 % Gewinn in ca. 90 Tagen", Starter $100 / Premium $300 / Platinum $1,000, referral code embedded)
German promoter and affiliate material, labeled as such throughout - passives-einkommen.team (6 February 2025) publishing the "secure yourself 18% profit" headline and the full bonus plan: 10% on Spots, 5% on cards, devices and Cores, 10% binary on the weaker leg, Grid Bonus of 4/2/1/0.5/0.5 then 0.1% on levels 6–20, Grid Link to 45 levels activated per Core; cloudmining.blog on Stable versus Speed cards, 18% ROI and credit expiry; frauenpowerdigital.com (March 2026) pricing the card at roughly $350 while stating explicitly that earnings are not guaranteed and this is no fixed-interest product; klickreich.de and digitales-mareiketing.de on withdrawal mechanics and auto-renew
Not established by this document: frauenpowerdigital.com (March 2026, pricing the Mining Card at roughly $350), klickreich.de and digitales-mareiketing.de could not be located at retrievable URLs. Referral links carried by these promoter pages are deliberately not reproduced in the citations above.
- passives-einkommen.team - "Der Mining Race Bonus Plan erklärt": Direct Bonus 10% on Spot licenses and 5% on devices, cards and Cores; 10% binary on the weaker leg; Grid Bonus 4/2/1/0.5/0.5% then 0.1% to level 20; Grid Link to 45 levels unlocked per Core
- cloudmining.blog (German edition) - "Mining Race Empfehlungsprämien: 4 Wege zum Verdienen" (Race Credits at 1 credit = 1 USDT, $30,000 weekly binary cap, Grid Bonus table, 0.002 BTC payout minimum)
- cashfreak.net - "Mining Race Bonusplan: 4 Wege zu passivem Einkommen" (rank thresholds Team Leader $5,000 / Regional Director $15,000 / RVP $30,000 with Platinum Spot license)
- passives-einkommen.team - "Mining CORE von Mining Race" (1 TH/s per Core; Sprint, Infinity and Block Races; claim of a connection to Antpool; "bis zu 18 % in 90 Tagen oder 100 % pro Jahr")
What we could not get
- Whether anything is actually mined at all. No named pool, no pool statistics page, no worker or account name, no aggregate hashrate figure, no wallet address receiving payouts, no on-chain evidence, no named data center or hosting partner, no ASIC models, no fleet inventory, no energy contract, no whitepaper and no audit or proof-of-hashrate attestation could be found. Absence of published evidence is not evidence of absence - hashrate can lawfully be bought wholesale and resold without disclosing the counterparty - but nothing here can be verified from outside, and the mined balance is, from the participant’s seat, a number in the operator’s database.
- Whether withdrawals function, in either direction. There is no dated first-hand proof - no transaction hashes, no timestamped screenshots, no amounts - that payouts work, and none that they have stopped. The positive app-store reviews mention "fast payouts" while stating no amount, date or proof, and the samples are tiny; the negative reports come from a claims-recovery firm with a commercial interest in finding claimants and concern unnamed, undated clients; the Trustpilot page returned HTTP 403 and could not be read. No suspension, halt or policy change was found either. A participant is being asked to take the withdrawal function on trust.
- The exact price of a Mining Card. Bracketed at $350–400 from one promoter source and one watchdog source; no official price page exists anywhere. The Core price of roughly $25 rests on a single source. The Race, Prime and Diamond Spot prices, all Mining Device prices and models, the hosting fee schedule, and the price, term and return of Power Nodes are published nowhere at all.
- The company’s own wording for the "outcome target." The Terms reference a target without quantifying it. The 18% figure is promoter-sourced and watchdog-reported and appears nowhere on miningrace.com. Equally unquantified: the "reduced speed" applied in Extended Status, the Sprint and Block Race prize amounts and odds, and whether Mining Credits genuinely expire after 90 days, which rests on a single affiliate source and was not found in the Terms text retrieved.
- The Estonian Finantsinspektsioon warning as a primary document. It is recorded solely on a specialist watchdog blog’s reporting, which quotes the authority directly; the regulator’s own page was not retrieved. That is journalism describing a regulatory act, not the act itself, and anyone relying on it should re-verify against the regulator’s own warning list.
- Whether the in-app wallet is genuinely non-custodial as claimed, and whether Mining Devices are ever physically delivered. Neither could be independently checked - the first would require testing the app with a funded account, and the Terms expressly disclaim any delivery guarantee on the second.
- The legal relationship between Miningrid L.L.C., "Mining Grid", "Mining Race" and ICONX - which entity contracts with the participant, which holds the money and which pays the commissions. Never disclosed. Nor was any British Virgin Islands entity identified, despite the Privacy Policy citing BVI data-protection and anti-money-laundering law; nor was the current 2026 status of the Dubai license confirmed, the check reported being dated 28 August 2025; nor whether the ICONX marketing license was renewed after its reported May 2025 expiry.
- Any financial information whatsoever, and the actual number of participants. No revenue, no user-funds figure, no reserves, no audited or unaudited accounts, and above all no disclosed split between mining revenue and new-participant inflow. 50,000+ Android installs is the only scale proxy, against a stated ambition of one million subscribers. Whether any authority has an unpublished open inquiry is by definition unknowable; none is published.
Not advice
This is independent analysis for decision-making, not legal, financial or investment advice. Allegations reported by third parties should be verified against primary court and regulatory records before any decision.
Researched by Claude. Reviewed by an editor.
Every report is researched and written by Claude, Anthropic’s AI assistant, from the company’s own plan documents, policies, terms and regulatory file - then reviewed before publication by Rob Fore, who checks the sources and the stage-label on every allegation.
- Nine weighted dimensions, published with their weights
- The editor checks the evidence and cannot change the number - the build rejects any page whose grade does not reconcile to its own arithmetic
- Every affiliate position we hold is disclosed on the report it touches
- No company has paid for a grade, and no report carries an affiliate link
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Mining Race - frequently asked
QIs Mining Race free to try?
QDoes Mining Race actually mine Bitcoin?
QCan I get my money out of Mining Race?
QIs Mining Race legal, and has any regulator acted?
QWhat is the single number that matters most?
Author, editor and publisher
This report was researched and written by Claude, Anthropic’s AI assistant, working from primary documents - Mining Race’s own compensation plan, its policies and procedures, its terms of service, its income disclosure statement where one exists, and its regulatory and self-regulatory file. It was scored against nine weighted dimensions that are published in full, with their weights, on the methodology page.
Before publication it was reviewed by Rob Fore, who checks every source link, every figure against the document it came from, and every allegation against its stage-label - an investigation is not a finding, a warning letter is not an enforcement action, and a filed claim is not a verdict.
The editor does not set the grade. The published score is the weighted composite of the nine dimension scores, and the build refuses to emit a page where the two disagree by more than 0.06. A grade moves when the evidence moves it and not otherwise.
Rob Fore has marketed online since 1996, wrote Online MLM Marketing (2014), and is CEO of Listech Inc, the Nevada corporation that publishes this site. He holds affiliate positions in companies graded here - including LiveGood, which this site grades D, SendOutCards, which it grades C−, and the Home Business Academy, which it grades B−. Those positions are disclosed on the reports they touch, and changed nothing on this page.
About the author and our conflicts · Contact the editor · Corrections: corrections@opportunitygrade.com
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Every factual claim on this page is sourced, and the ones we could not stand up are named in the unable to verify list above. If something here is wrong, we want to know, and we would rather hear it from Mining Race than from a reader.
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