Again in October Mining Metropolis initiated its exit-scam by blocking withdrawals through KYC.
As revealed in a new communication despatched out to affiliate buyers, Mining Metropolis’s exit-scam simply acquired worse…
The unhealthy information for Mining Metropolis affiliate buyers is that KYC has been additional delayed.
The KYC and compliance course of is an intensive operation and can take a number of extra weeks due to the technical challenges.
Supposedly anybody who has been authorized for KYC (anybody? Bueller?), will have the ability to
entry compensation plans and Binary Factors, even earlier than the compliance course of is finalised.
There isn’t a point out of withdrawals.
Though I can’t think about anybody continues to be actively selling Mining Metropolis, the corporate additionally suggested from December third it was
Finish(ing) to the sale of latest BTCV (Bitcoin Vault) and ELCASH (Electrical Money) mining plans.
Increas(ing) the electrical energy value (service value) from USD 0.0475 to USD 0.06 per KWH for already bought and new BTC Mining Plans resulting from will increase in power costs.
Reduc(ing) the quantity of supplied TH/s per every new bought mining plan by half resulting from will increase in the price of gear in the marketplace.
(Rising the) ready time for precise mining to begin prolonged from 10 to 30 days as a result of it’s taking longer to provide and join gear to the mining farms overseas.
To summarize, Mining Metropolis isn’t promoting any new mining plans (no extra new funding), is rising charges, additional lowering payouts and, delaying preliminary monopoly cash rewards… for mining plans it’s additionally not promoting?
What a large number.
On the again of additional screwing its buyers over, Mining Metropolis states that pending completion of its KYC rollout;
We can be making different adjustments which can imply you possibly can promote the merchandise and withdraw gross sales commissions.
This may permit us to adapt to market adjustments and ensure we are able to provide mining merchandise to new customers.
So if Mining Metropolis has canned new BTCV and ELCASH funding plans, what are they promoting?
Why, a brand new shitcoin in fact…
Wrapped ELCASH, or wELCASH, is an ELCASH clone launched as a BEP-20 token. That’s to say it took a couple of minutes to arrange.
Mining Metropolis associates are being inspired to trade the ELCASH they’ll’t money out to wELCASH.
Mining Metropolis supplies no mining plan specifics on its public-facing web site.
Mining Metropolis, BTCV, ELCASH and wELCASH are all owned by Eyal Avramovich (proper). Avramovich runs his Ponzi empire by way of MineBest.
Collectively along with his Mining Metropolis CEO sidekick Greg Rogowski, Avramovich is predicated out of Poland.
Up to now Polish authorities haven’t taken any motion in opposition to Mining Metropolis or its executives.
Alexa site visitors rankings recommend Mining Metropolis’s victims are primarily from South Africa, Bolivia and Colombia.