Farm Mining offers no data on their web site about who owns or runs the enterprise.
Farm Mining’s web site area (“farm-mining.com”) was privately registered on June 2nd, 2019.
On its web site Farm Mining offers a certificates for incorporation of BitcoinBase Restricted within the UK.
Whether or not this incorporation truly has something to do with Farm Mining is unclear.
In any occasion, UK incorporation is dust low-cost and for probably the most half unregulated. It’s a favored jurisdiction for scammers seeking to incorporate dodgy corporations.
On the time of publication Alexa ranks Brazil (22%), Iran (12%) and India (11%) as the highest three sources of site visitors to Farm Mining’s web site.
As at all times, if an MLM firm will not be overtly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
Farm Mining’s Merchandise
Farm Mining has no retailable services or products, with associates solely capable of market Farm Mining affiliate membership itself.
Farm Mining’s Compensation Plan
Farm Mining associates make investments bitcoin on the promise of a assured month-to-month return for 360 days:
- Plan A – make investments 0.0005 BTC and obtain 0.0006 BTC a month
- Plan B – make investments 0.2 BTC and obtain 0.2244 BTC a month
- Plan C – make investments 0.5 BTC and obtain 0.612 BTC a month
Referral Commissions
Farm Mining pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel group, with each personally recruited affiliate positioned instantly underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
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.
Farm Mining caps payable unilevel ranges at ten.
Residual commissions are paid out as a share of funds invested throughout these ten ranges as follows:
- degree 1 (personally recruited associates) – 8%
- ranges 2 to five – 3%
- ranges 6 to 10 – 1%
Becoming a member of Farm Mining
Farm Mining affiliate membership is tied to a 0.0005 to 0.5 BTC funding.
Conclusion
Farm Mining claims to generate “actual incomes from 3% to 4% per day” by way of their “group within the Monetary Market”.
That is then contradicted by the declare returns are generated by way of cryptocurrency “mining rigs”.
As quickly as you’ve arrange your account, you can begin to mine your first cash utilizing our Bitcoin cloud mining service!
Farm Mining offers no proof of a monetary market group present or possession of a cloud mining service.
Because it stands the one verifiable income coming into Farm Mining is new funding.
Utilizing new funding to pay associates month-to-month returns makes Farm Mining a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.
This may starve Farm Mining of return income, finally prompting a collapse.
The match behind Ponzi schemes ensures that once they collapse, the vast majority of traders lose cash.