At first glance, the Mining Race offer may seem very attractive: with a total computing power of 3000 TH/s (3 PH/s), they promise stable returns.

đź“Š Expected returns at this hash rate under current market conditions:

Considering the current Bitcoin price (let’s say in the range of $60,000–65,000), these figures look realistic only with an efficient, large-scale, and optimized infrastructure (cheap electricity, advanced miners, and a large data center).

However, the Mining Race project proposes to “invest” in a mining card for $400, which supposedly yields 118% profit in 90 days. This means nearly doubling your investment in 3 months — or about 470% annual returns. 🤯

❗️ Why is this suspicious?

Mismatch of returns with real mining economics

Given the high network difficulty and competition, even professional mining farms operate with profitability of 10–30% annually.

A 118% profit in 3 months is several times higher than what’s possible even with super cheap electricity and state-of-the-art equipment.

This alone should raise a red flag.

Lack of transparency

There is no clear information on where the mining farms are located, what equipment is used, who the suppliers of hardware and energy are.

No confirmed blockchain transactions or real wallet addresses where BTC is mined.

All numbers exist only inside the Mining Race platform, meaning users do not control or can verify their income.

The “card” and reinvestment mechanics resemble an MLM model with pyramid scheme elements

Money from “new participants” becomes the main source of payments to “older participants.”

Such schemes are called Ponzi mechanisms: payouts continue while new funds flow in, and once it stops, the project collapses.

No regulated legal entity

The project provides no legal information, is not registered as an investment company, and has no licenses for asset management or mining.

🧠 What follows from this?

The stated profitability in the project has no economic justification. It far exceeds real-world mining yields from an honest and transparent business model. This suggests that the actual mining capacity might not even exist, and incomes are generated solely from new deposits — essentially “reshuffling” funds inside the structure.

⚠️ Conclusion:

All this points to a high probability that Mining Race is a scheme with signs of fraud, disguised as a crypto or mining business. Such projects usually survive only while new investors join. Then comes the “system failure” — and most participants lose their invested money.

If you notice inconsistencies between promises and reality, if the company’s activities and income cannot be verified — that is already a strong reason to be cautious.

🔍 Who is behind IconX and why does it matter?

In recent months, the Mining Race project has gained popularity by promising investors fast and high returns through the purchase of so-called mining cards. However, to start investing, each user must first buy paid access through the IconX platform. That’s why it’s crucial to understand who manages IconX and what kind of structure stands behind this project.

🧨 Who runs IconX?

Investigations and open sources indicate that IconX management is connected with influential but highly controversial figures from the cryptocurrency and network marketing world in Dubai, namely:

Al-Maktoum, Al-Rifai, and Abuzinjal were previously involved in a major crypto financial pyramid — Zeniq Coin by Safir International, which collapsed in 2023, leaving thousands of investors with losses.

This is not just a coincidence but a warning sign. The same approach, the same model, the same people — only under a new brand.

đź’Ľ Why does IconX play a key role in the Mining Race structure?

To purchase investment packages in Mining Race, you cannot simply buy a “mining card” directly. You must first become an IconX member by buying one of their paid “compensation plans”:

Thus, IconX is not just a “partner platform,” but a mandatory gateway between the user and the investment offer. This makes IconX an essential part of the entire Mining Race scheme — without buying access from them, you cannot invest.

⚠️ What is the danger here?

Paid entry into investments is a sign of manipulation.
You pay an entrance fee before you are even allowed to invest. This already violates principles of transparency and fairness.

Connection with figures involved in previous scams.
IconX management took part in failed projects with signs of financial pyramids. This is not an isolated case but a repeating pattern.

Lack of control and licenses.
Neither IconX nor Mining Race have licenses for financial activities, investments, or asset management. Their operations exist in a legal gray zone without regulation or legal responsibility.

🧩 Conclusion:

IconX is the central link of the entire Mining Race scheme, backed by dubious individuals with a history of involvement in fraudulent crypto projects. Buying “access” to invest through IconX not only artificially complicates the investor’s path but also allows organizers to collect extra money for no reason.

If a project requires you to pay first for access to invest — this is not an investment, it’s a pyramid business model.

Be cautious and don’t let your trust be exploited by schemes with questionable reputations.

🚨 The Lie About Cooperation with AntPool — Another Warning Sign

One of the key marketing claims of the Mining Race project is their assertion of a partnership with the world’s largest mining pool — AntPool. This is done to create an appearance of legitimacy, strengthen investor trust, and conceal the real mechanisms behind their operations.

However, this information is false.

❗️What is AntPool?

AntPool is one of the most well-known and respected mining pools in the world, created by the Chinese company Bitmain, a leading manufacturer of mining equipment (ASIC miners). AntPool has held a leading position for many years in terms of Bitcoin and other cryptocurrency mining volume.

It is these qualities that have earned AntPool the trust of hundreds of thousands of users worldwide.

🤥 What does Mining Race claim?

In their presentations, chats, and marketing materials, Mining Race directly claims to cooperate with AntPool, supposedly using their capacity to mine cryptocurrencies.

đź”» This is manipulation.

There is not a single mention of the Mining Race project on the official AntPool website, press releases, or public statements.

🔍 What do the facts say?

❗️ This is a deception aimed at gaining the trust of newcomers.
By using the name of a reputable company, the organizers of Mining Race try to give themselves legitimacy they do not have.

⚠️ Why do they do this?

❌ False partnerships are a classic scammer trick.

When a project lacks licenses, a transparent business model, and real assets, it needs to hide behind well-known brand names to calm investors and obscure potential signs of a financial pyramid scheme.