The PosMiners web site supplies no details about who owns or runs the corporate.
The PosMiners web site area (“posminers.com”) was privately registered on December tenth, 2017.
On the time of publication Alexa estimate that Armenia makes up 51% of visitors to the PosMiners web site. This implies that whoever is working PosMiners might be based mostly out of Armenia itself.
As all the time, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
PosMiners Merchandise
PosMiners has no retailable services or products, with associates solely capable of market PosMiners affiliate membership itself.
The PosMiners Compensation Plan
PosMiners associates make investments bitcoin and/or gold poker on the promise of an marketed ROI.
Bitcoin
- Starter – make investments 0.01 to 0.05 BTC and obtain a 133% to 135% ROI after 45 days
- Primary – make investments 0.051 to 0.2 BTC and obtain a 140% to 143% ROI after 45 days
- Common – make investments 0.21 to 1 BTC and obtain a 147% to 150% ROI after 45 days
- Premium – make investments 1.01 to 50 BTC and obtain a 151% to 154% ROI after 45 days
Gold Poker
- Starter – make investments 500 to 2000 GPKR and obtain a 142% to 145% ROI after 45 days
- Primary – make investments 2001 to 5000 GPKR and obtain a 147% to 150% ROI after 45 days
- Common – make investments 5001 to 10,000 GPKR and obtain a 151% to 154% ROI after 45 days
- Premium – make investments 10,001 to 30,000 and obtain a 155% to 157% ROI after 45 days
Referral Commissions
PosMiners associates are paid referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned instantly underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
PosMiners cap payable unilevel workforce ranges at eight.
Commissions are paid as a proportion of funds invested throughout these eight ranges as follows:
- stage 1 (personally recruited associates) – 5%
- stage 2 – 3%
- ranges 3 and 4 – 1%
- ranges 5 to eight – 0.5%
Becoming a member of PosMiners
PosMiners affiliate membership is free, nevertheless free associates can solely earn referral commissions.
Full participation within the PosMiners revenue alternative requires a minimal 0.01 BTC and/or 500 GPKR funding.
Conclusion
PosMiners declare to generate ROI income by way of “effectively calculated algorithms”.
PosMiners declare the algorithms ‘makes our firm sustainable, and the ROI 100% assured‘.
Two issues:
- PosMiners present no proof by any means of algorithms getting used to generate exterior ROI income.
- anyone in possession of an algorithm that generated a 100% assured ROI would preserve it to themselves.
Because it stands the one verifiable income coming into PosMiners is new funding.
Utilizing new funding to pay current associates a forty five day ROI makes PosMiners a Ponzi scheme.
PosMiners nameless house owners additionally appear to have a vested curiosity in Gold Poker, as its in any other case a considerably random altcoin to base their Ponzi scheme on.
In keeping with CoinMarketCap, Gold Poker started publicly buying and selling on or round August seventeenth.
After debuting at $2.83, GPKR is now following your typical altcoin trajectory with a present worth of $2.43.
Whatever the worth of GPKR, PosMiners will collapse as soon as affiliate recruitment and new funding dries up.
The maths behind Ponzi schemes ensures that when the collapse, the vast majority of traders lose cash.