BlackMining.biz Review: Is BlackMining Scam or Legit?
BlackMining.biz is not a genuine bitcoin mining company. So, we don’t recommend you to invest in Black Mining. If you want to know why is a BlackMining.biz scam, what makes a Black Mining scam and what is BlackMining.biz in real, then keep on reading this BlackMining review, you will find out all answers here. So, let’s begin with our Black Mining review.
BlackMining.biz is a scam because it is a combination of two illegal schemes known as Ponzi and Pyramid schemes. So, it is a Ponzi-Pyramid hybrid. Now let’s find out why is BlackMining a Ponzi-Pyramid hybrid below in this review.
BlackMining.biz is a fraudulent website due to the following reasons:-
- Aforementioned, BlackMining.biz is not a genuine bitcoin mining company but instead, Black Mining is a Ponzi-Pyramid hybrid which makes it a complete scam.
- BlackMining is a Ponzi scheme because there is not any verifiable source of income coming into Black Mining other than the money invested by its affiliates/members. Yes, it claims it is making a profit by investing in cryptocurrency mining and claiming to pay back up to 11% profit daily for 1 year or 1100% profit in 50 days. But, this is completely a bogus claim since none of the cryptocurrency mining companies or experts can guarantee such amount of profit from any kind of cryptocurrency mining. That is practically not possible. There is not any technical way to create such a heavy amount of profit from cryptocurrency mining. So, this proves BlackMining is lying about doing any kind of mining.
- Don’t fall into UK Companies House registration in the name of Black Mining Limited. To find out how scam companies are easily registering from the UK Companies House by providing the virtual address, you can click >HERE<. So, the address of Black Mining Limited is not its company’s address. You can go and check that address, you won’t find any company with Black Mining Limited located on that address. So, it has neither provided its company’s address nor the location of its mining farm which once again proves it is not doing any mining anywhere.
- Since BlackMining is not doing any mining, so it doesn’t have any real source of income to make any profit. This makes clear that it is operating a Ponzi scheme where the company will pay few members at starting by routing the money between the members so that they can show the payment proofs to lure more people into their scam. The main motive of the Ponzi scheme is to collect a huge amount of money by tricking people investing in their scheme and run away with the money of the majority of members. Every Ponzi scheme pays at starting to gain the trust of people. So, don’t fall into their trap. In the end, the majority of members will lose their investment in these kinds of Ponzi schemes. So, the Ponzi scheme is declared as an illegal scheme in almost all countries all over the world. It is a crime to involve in Ponzi schemes like BlackMining.
- BlackMining is also a Pyramid scheme because it is claiming to pay commission up to 2 level downlines on the sales of its Ponzi ROI plans. So, any companies which offer the multi-level downlines commission like MLM companies but without selling any real products or services fall into an illegal scheme category known as a Pyramid scheme.
Due to the reasons mentioned above, it is clear that BlackMining.biz is a Ponzi-Pyramid hybrid, so BlackMining is a scam. That’s why we have listed BlackMining in our Bad and Scams category.
Never go after these kinds of easy ways to make money online. However, if you can do some work, then you can find plenty of legitimate options to make money online. We have also listed a few legit money-making opportunities which you can find by clicking >HERE<.
If you are looking for a serious way to make money online, then blogging is the best option for that. These days it is very easy to establish your own blogging business. You no need to have any technical knowledge for that. You can simply join the online business training programs like Wealthy Affiliate and follow the step by step video tutorials there to establish your own blogging business. If you are interested, then you can find our detailed Wealthy Affiliate review by clicking >HERE<.
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