Welcome to our Sedo Crypto Mining review, in which we investigate the website currently found at sedomining.farm.
Recently, one of our partners received the following complaint from a person who claims being scammed for $27,407 by sedomining.farm:
I invested all of my savings in www.sedomining.farm. When I joined, I invested only $100 and they gave me good profits. After some time, the customer support team asked me to refer others, and I referred 41 people who also invested in this site. However, I have not received my money back after depositing all of my funds into this site.
So is SedoMining.farm a legitimate website or a SCAM?
SedoMining.farm Review
The domain sedomining.farm was registered on January 18, 2022 for 2 years through PDR Ltd. d/b/a PublicDomainRegistry.com. It is hosted by Unified Layer.
It does not receive much traffic and in March 2023 less than 5,000 visited the website, according to SimilarWeb.
Five pages are indexed on Google (description in parentheses):
- the homepage (“The world’s first successful firm that equally manages marine, mining, technology and agricultural infrastructure solutions. Official website updated 2022. Our …”)
- a Frequently Asked Questions (FAQ) page (“The flexible floating cryogenic hoses will transfer the LNG or any other fluid between the platform and onshore installation. The hoses are highly robust and …”)
- a Login page (“To register, fill out a simple form. With the help of a personal account you can purchase profitable packages, withdraw funds and use the referral program.”)
- a page titled ECONNECT Energy’s Ammonia Solutions (“Ammonia is a promising, carbon-neutral fuel that has many applications. Apart from agricultural, industrial and marine fuel use, ammonia is also used for …”)
- and an article titled “Sedo Mining” (“The world’s first successful firm that equally manages marine, mining, technology and agricultural infrastructure solutions. Official website updated 2022. Our …”)
According to their homepage, Sedo Mining is a company that provides cryptocurrency mining services.
They offer an automated mining portfolio, support for over 300 exchanges and 10,000 currencies, and scalability for up to 200,000 ASIC miners and 25,000 GPU/CPU miners.
Sedo Mining allegedly uses cutting-edge currency mining technology for ASIC and GPU miners and connects clients with relevant machines to maximize profits.
Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.
They have packages available for purchase and offer daily profits based on real-time revenue and power consumption.
Sedo Mining also provides offshore mining container hashrate delivery and offers customers the ability to purchase containers and packages for scheduled maintenance.
They pride themselves on being a sustainable and energy-efficient cryptocurrency mining solution provider.
However, things start to get strange when we dive a little deeper. For example, a Sell Crypto link leads to a page titled Hydrogen, which discusses the potential of hydrogen as a pivotal solution to the energy transition and decarbonization of industry.
The Buy Crypto link leads to a page, according to which SEDO Mining is a company that offers escrow services for buying and selling cryptocurrencies. They have a dispute resolution system to protect transactions and keep the funds in Escrow blockchain until both parties fulfill the trading obligations.
A Buy Container link leads to page saying that Sedo Mining offers instant purchase and shipment of their purpose-built turnkey cryptocurrency mining data center, the ISEDO Container. The container can host up to 280 Bitcoin miners and features a remote management system to ensure optimal operating conditions for mining.
Sedo Mining allegedly also researches, develops, and builds state-of-the-art hardware for cryptocurrency mining and provides sustainable and energy-efficient solutions globally. They offer short and long-term pricing options for purchasing containers.
SEDO Mining offers:
Long term contract plans for crypto mining with deposit durations of one month and a deposit limit of $11,999.
Short duration investment plans for crypto mining with deposit duration of 5 days, daily return of 3%, and a total ROI of 15%. The minimum deposit limit is $5,999.
This raises some red flags. No investment can guarantee a fixed rate of return, particularly in a volatile market like cryptocurrency. Moreover, a high deposit limit of $11,999 for a long-term contract plan and $5,999 for a short-term investment plan may be a cause for concern, particularly if the company is not well-established or reputable.
Then, the Frequently Asked Questions (FAQs) section provides information on various aspects of a system called IQuay, which can be used for loading and unloading fluid transfer and can handle LNG, ammonia, and liquid CO2 among other fluid types.
According to a page titled The Ammonia Market, Sedo Mining provides currency mining technology for ASIC and GPU miners. They offer an automated mining portfolio, large scale mining, and support for over 300 exchanges and 10,000 currencies and mining machines. The company provides cutting-edge currency mining technology for ASIC and GPU miners, which takes care of the repetitive and tedious processes for users, giving them more time to focus on building their mining portfolio.
Sedo Mining also provides solutions for carbon capture, ammonia-fuel bunkering, and technology and agricultural infrastructure solutions.
An article titled “ammonia” discusses the use of ammonia as a promising, carbon-neutral fuel and the challenges of infrastructure required to implement its widespread use.
Rather strange, but let’s move on and see who is behind sedomining.farm.
Company & Contact Information
The name of the company is: SEDO.
To contact them, there’s a live chat widget, a contact form, and another widget that connects to Telegram or WhatsApp.
Email: info@sedomining.farm.
Telephone: +61 8 9542 0434 (a valid Australia number).
Address:
73 Miller St, North Sydney NSW 2060, Australia
Al. Ujazdowskie 29/31, 00-481 Warszawa, Poland (this is the address of the US Embassy in Poland)
They have joined YouTube on July 12, 2022 and have 3 videos and 13 subscribers, currently.
According to Google Business, Sedo Mining is an Investment service in Warsaw, Poland. Specifically, they are located in al. Niepodległości 188/192, 00-608 Warszawa, Poland. Their description is:
We bridge the investment distribution gap with our Crypto Mining, Oil, Technology and Agriculture infrastructure solutions and services for the loading and offloading of excellence in the investment world.
Australian Business IDs –
ACN: 144 670 119
ABN: 70144 670 119
Regulator: Australian Securities & Investments Commission (ASIC)
Business IDs –
National number : No-7773198344
Reg number (KRS) : KRS0000377892
VAT number (NIP) : PL7773198344
Statistical number : 301668877
A search on connectonline.asic.gov.au reveals that there is indeed a company by the name of SEDO CONSULTANCY PTY LTD with ACN 144 670 119 and ABN 70 144 670 119. They are a registered Australian Proprietary Company regulated by ASIC since June 17, 2010.
Why then is this company name not mentioned anywhere on SedoMining.farm?
Moreover, ASIC (Australian Securities and Investments Commission) is a regulatory body in Australia that oversees financial services and markets in the country. However, ASIC does not regulate cryptocurrency mining itself.
Based on their About page, Sedo is a company founded in 2011 that provides access to risk-free cryptocurrency mining. The company is based in Warsaw, Poland, and aims to simplify the process of investing in alternative assets.
Sedo leverages its industry experience and domain expertise from the mining, hashrate, and energy sectors to deliver cost-effective, flexible, and sustainable energy transfer solutions for the blockchain industry. Sedo is committed to expanding access to clean cryptocurrency mining while understanding its role in curbing global temperature rise to 1.5C by 2050.
The company’s code of conduct guides its behavior to ensure that employees and industry partners uphold fundamental responsibilities and accountability.
The team behind Sedo allegedly includes individuals with expertise in blockchain technology and IT engineering.
According to the News section, Sedo Mining is a company that provides sustainable and energy-efficient crypto mining solutions globally. The company has multiple projects underway, including the delivery of container units to New Fortress Energy and Stronghold, the deployment of jettyless technology for Southeast Asia’s first green mining export project, and the establishment of a carbon-free ammonia fuel mining network in Scandinavia.
So Is Sedo Mining Legitimate?
The mish mash of crypto mining and ammonia fuel mining made us suspicious. Also, SEDO CONSULTANCY PTY LTD was registered on 2010 while Sedo claims to have been founded in 2011, but SedoMining.farm was registered in 2022!
And indeed we discover that the entire website was copied. The original is econnectenergy.com, the website of ECONNECT Energy, a company founded in 2012 in Oslo, Norway, focused on providing cost-effective, flexible and sustainable energy transfer solutions for the maritime industry. The company developed a jettyless transfer system, IQuay, which is a floating platform system for loading, reloading and bunkering of LNG, renewable fuels and CO2 for sequestration without the need for invasive, time-and cost-intensive fixed infrastructure.
Sedo Crypto Mining Reviews
On Google Business, several reviews have been posted by someone named Ivan Grant Petrus warning people about Sedo Mining, claiming it is a Nigerian scam based in Enugu, Nigeria.
They have stated that Sedo Mining uses fake IDs, has no annual reports, and uses stock photos on their website. The owner of Sedo Mining has responded to these reviews, denying the accusations and inviting people to visit their offices in Poland and Australia.
On TrustPilot, they have 3.6/5 stars based on 36 reviews. There are several 1-star reviews that claim Sedo Mining is a scam, alleging that they took their money and did not allow them to withdraw their investments. Some reviewers mention being asked to pay gas fees, and then not receiving their withdrawals, or being sent fake tokens.
The company has not replied to negative reviews, and some reviewers suggest that Sedo Mining needs to be shut down.
Sedomining.farm, according to Scam Detector, has a medium-low authoritative rank of 38.6, which means that it is seen as questionable and controversial. Its website popularity is also poor, and it has a relatively low trust score. While it is not on Scam Detector’s recommendations list, it is not detected by any blacklist engine and has valid HTTPS. The website provides some information about itself and offers cloud mining services.
Sedo Crypto Mining Review – Bottom Line
There are several red flags that suggest sedomining.farm may not be a legitimate website.
For one, the website is not well-established, receiving less than 5,000 visitors in March 2023, according to SimilarWeb.
Additionally, Sedo Mining’s promise of a fixed rate of return and high deposit limits for long-term contract plans and short-term investment plans are cause for concern, especially in a volatile market like cryptocurrency.
The website’s links to pages discussing hydrogen and escrow services for buying and selling cryptocurrencies, as well as information about fluid transfer systems, raise additional concerns about the company’s legitimacy.
Sedomining.farm is an econnectenergy.com clone and it is so new while claiming to be much older.
Lastly, the website provides limited information about the company itself, with only a few contact options available.
Overall, due to these factors we cannot trust Sedo Crypto Mining, and currently believe the website is a SCAM!
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Sedo mining is great. At first I was skeptical because I have lost a lot to crypto but it is currently the best investment of my life because it completely gave me an opportunity to earn what I’ve lost.