Digital Mining Farm offers no info on its web site about who owns or runs the corporate.
Digital Mining Farm is primarily marketed throughout Central and South America. Alexa at the moment cites Venezuela, Mexico and Cuba as the highest three sources of site visitors to Digital Mining Farm’s web site.
Digital Mining Farm’s web site area (“virtualmining.farm”) was first registered in 2017. The non-public registration was final up to date on February twelfth, 2019.
Digital Mining Farm’s web site Phrases and Situations states:
This Settlement shall be ruled and construed in accordance with the legal guidelines of British Virgin Islands.
The British Virgin Islands is a scam-friendly jurisdiction with little to no lively regulation. It’s extremely unlikely Digital Mining Farm has any precise enterprise operations there.
As all the time, if an MLM firm will not be overtly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Digital Mining Farm’s Merchandise
Digital Mining Farm has no retailable services or products, with associates solely capable of market Digital Mining Farm affiliate membership itself.
Digital Mining Farm’s Compensation Plan
Digital Mining Farm associates make investments bitcoin on the promise of every day returns.
Precise quantities or estimates of every day returns aren’t offered on Digital Mining Farm’s public-facing web site.
Digital Mining Farm pays referral commissions on preliminary funding and residual commissions on withdrawals, each through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned instantly beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Digital Mining Farm caps payable unilevel crew ranges at thirty.
Referral commissions paid on bitcoin invested throughout these thirty ranges is as follows:
- degree 1 (personally recruited associates) – 10%
- ranges 2 to 30 – 0.7%
Residual commissions are capped to 5 unilevel crew ranges.
Residual commissions paid on withdrawal requests throughout these 5 ranges are as follows:
- degree 1 (personally recruited associates) – 20%
- ranges 2 to five – 0.5% to five% (actual percentages not offered)
Becoming a member of Digital Mining Farm
Digital Mining Farm affiliate membership seems to free.
Full participation within the connected earnings alternative requires funding in bitcoin.
No minimal funding quantity is offered on Digital Mining Farm’s web site.
Conclusion
Most MLM cryptocurrency firm’s ROI ruses are digital in nature, in that they don’t exist.
Digital Mining Farm doesn’t attempt to conceal the truth that nothing is happening behind the scenes. It’s all digital, that means nothing exists.
The issue with being trustworthy about working a Ponzi scheme although is that it’s nonetheless a Ponzi scheme.
Moreover Digital Mining Farm nonetheless has to abide by securities legal guidelines. Digital Mining Farm makes no illustration on its web site that it has registered with monetary regulators in any jurisdiction.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.
This may starve Digital Mining Farm of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.