Crypto Mining Review –  Ponzi Scheme –  MLM Scam

Website & Company Information

The web domain of the company was privately registered on the 18th of February 2020 and was later updated on 2020–04–12. The company provides no information on its website about who owns or runs the company.

The domain was registered using a U.K. address. The U.K. corporate address provided on Crypto Mining’s website belongs to I-Support Business, a virtual office services provider.

To support their false U.K. incorporation claim, Crypto Mining provides a U.K. incorporation number on their website.

Fact: The U.K. is one of the most favourable jurisdictions for scammers, and 90% of all the shady MLMs are registered in the U.K. Also, U.K. incorporation is dirt cheap.

According to the whitepaper of the company, Morgan Finch is the CEO.

At the time of writing this article, Alexa cites Brazil (11.6%), Venezuela(11.1%) and Russia (8.3%) as top sources of traffic to Crypto Mining’s website. It is highly likely that the admin is operating from any one of these countries.

The company’s official Facebook account is mainly managed from Bangladesh.

As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.

Crypto Mining’s Products

The company has no retailable products or services, with affiliates only able to market the affiliate membership itself.

Crypto Mining’s Compensation Plan

The affiliates of the company invest funds on the promise of an advertised 48 month ROI. All the ROIs are paid daily.

Bitcoin

  • Starter — $70
  • Advanced — $980
  • Superior — $5250

Ethereum

  • Starter — $102
  • Advanced — $1037
  • Superior — $5015

Litecoin

  • Starter — $108
  • Advanced — $1020
  • Superior — $5004

Dash

  • Starter — $95
  • Advanced — $1045
  • Superior — $5035

Dogecoin

  • Starter — $120
  • Advanced — $1050
  • Superior — $5550

ZCash

  • Starter — $128
  • Advanced — $1020
  • Superior — $5100

Referral Commissions

The company also pays a 5% referral commissions on funds invested by personally recruited affiliates.

Once you qualify as a Promoter, your referral commissions will be extended down three levels of recruitment (unilevel):

  • 10% on level 1 (personally recruited affiliates)
  • 4% on level 2
  • 2% on level 3

Joining Crypto Mining

Joining Crypto Mining affiliate membership is free. However, full participation in the attached income opportunity requires a minimum investment of $70, and it goes as high as $5550.

Conclusion

The company claims of generating external income via “state of the art mining facilities”.

But no such mining operations are taking place. Nor there exists any evidence that would help the company back this massive claim. The also claims to have filed over one hundred and twenty patent applications. This is an outright lie!

There is a video on Youtube that features a video walkthrough of a mining facility, claimed to be in China. The only link to Crypto Mining in both instances is the obligatory freshly printed marketing banners. You can pay any existing mining farm to let them shoot a video on their farm and then you can tell people that it is your farm.

As we know, the only valid source of income going into the company is new investments, and the company is using these new funds to honour existing withdrawal requests.

Using new investment to pay affiliates a daily return makes Crypto Mining a Ponzi scheme, and you know what happens when new funds stop coming in!