Mining Up offers no data on their web site about who owns or runs the corporate.
Mining Up’s web site area (“mining-up.com”) was privately registered on December thirteenth, 2019.
Alexa began recording trackable visitors to Mining Up’s web site from January 2020.
On their web site Mining Up offers an tackle in Tallinn, Estonia.
Given Alexa cites Brazil, Japan and Russia as the highest three sources of visitors to Mining Up’s web site, it’s assumed Mining Up exists in Estonia, if in any respect, on paper solely.
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Mining Up’s Merchandise
Mining Up has no retailable services or products, with associates solely capable of market Mining Up affiliate membership itself.
Mining Up’s Compensation Plan
Mining Up associates make investments cryptocurrency on the promise of a 730% ROI paid over three hundred and sixty five days.
- Bitcoin – minimal $10 funding
- Ethereum – minimal $9 funding
- Litecoin – minimal $10 funding
- Dogecoin – minimal $10 funding
Returns are paid in cryptocurrency as per the funding plan chosen.
Referral commissions on invested funds are paid out down three ranges of recruitment (unilevel):
- 7% on stage 1 (personally recruited associates)
- 2% on stage 2 and
- 1% on stage 3
Becoming a member of Mining Up
Mining Up affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal $9 funding.
Conclusion
Mining Up represents that it generates exterior income through cryptocurrency cloud mining.
Mining-up is a cutting-edge cloud-mining platform. We provide our shoppers to take part within the mining course of utilizing our highly effective mining tools.
You buy a share of our computational amenities and we mine Bitcoin and numerous promising altcoins.
No proof of mining income getting used to pay affiliate returns is supplied. Neither is there any proof of Mining Up utilizing exterior income of any type to pay marketed returns.
The one verifiable income getting into Mining Up is new funding.
Utilizing new funding to pay associates an annual ROI of as much as 730% makes Mining Up a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too does new funding.
This can starve Mining Up of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.