What is EtherMinerz.com? Is Ether Minerz Scam or Legit?
EtherMinerz.com is a Ponzi scheme which is an illegal scheme, so that makes it a scam.
Now you become clear EtherMinerz.com is a scam. However, if you want to find out in detail what makes it a Ponzi scheme, why is EtherMinerz.com a scam, what is Ether Minerz in real, then you can find that later within our EtherMinerz review here. For that, you don’t have to search any other EtherMinerz.com reviews. So, if you were searching for EtherMinerz reviews to find out either is EtherMinerz a scam or a legit, then you are absolutely in the right place.
But, now you know that EtherMinerz is a scam. So, after knowing this fact, if you don’t want to find out more details on it but instead want to find out the genuine ways to make money online, then you can find that by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
Although we have listed several kinds of genuine ways to make money online, our No. 1 recommendation for that is Wealthy Affiliate. If you don’t know what is Wealthy Affiliate, then you can find the details by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, let’s continue with our Ether Minerz review to find out in detail what is EtherMinerz and why is an EtherMinerz.com scam.
Ads by Media
End of Ads by Media
EtherMinerz login and join in link:- EtherMinerz.com (Not recommended to join, it’s a scam)
Why is Ether Minerz a scam?
Aforementioned, Ether Minerz is a scam because its business model is illegal. EtherMinerz.com is an illegal scheme known as a Ponzi scheme. If you don’t know what is Ponzi scheme, then you can find the details by clicking this link:- newsonlineincome.com/ponzi-scheme/
EtherMinerz is a Ponzi scheme because it can only pay the first investor using the money invested by the second investor which can’t sustain for a long time. It doesn’t have any income source from where it can generate the profit to pay its members. The only verifiable source of income coming into the company is not other than the money invested by the affiliates.
Yep, Ether Minerz claims to pay up to 10% daily profit – 150% profit in total to its members by using the investment of those members in its so-called hybrid mining system. But, that is a completely bogus claim. None of the cryptocurrency miners can guarantee such high rate of return in such a short period of time. The real cryptocurrency mining companies like Genesis Mining never can guarantee the fixed rate of return in fix period of time. If you don’t know what is Genesis Mining, then you can find the details by clicking this link:- newsonlineincome.com/genesis-mining/
None of the legit companies will collect the money from several people by paying them up to 10% daily profit, instead, they will take a loan from a bank if they need to raise a fund for their project in much more lower rate, less than 1% monthly. So, why would any company like to pay 10% daily profit to raise a fund instead of paying 1% monthly? So, the business model of Ponzi scheme like EtherMinerz doesn’t make any sense and prove itself to be a Ponzi scheme.
The owner details of EtherMinerz.com is completely hidden within a WHOIS and it hasn’t provided the real information about who and from where is operating and running the EtherMinerz.com within its official website as well. Instead, it has provided the company registration document registered with the UK Companies House. But, that is not a big deal because anyone can provide the fake details to register a company in UK Companies House, such as a fake address. In order to find out how the companies are registered in the UK Companies House, you can click this link:- newsonlineincome.com/scam-companies-registered-from-uk-companies-house/
So, considering the business model of Ether Minerz, we can 100% guarantee that it is a scam company which is not only illegal but unsustainable as well. These kinds of companies only pay few members at starting by routing the money between the members in order to show the payment proofs so that they can lure more people into their scam and collect the huge amount of money and run away with that. So, stay away from these kinds of illegal companies. That is why we have listed EtherMinerz within our Bad and Scams category.
Please feel free to share this EtherMinerz.com review with your friends and families to warn them about this EtherMinerz scam:-
We love to hear from you. So, please feel free to leave your comment below if you have any queries related to EtherMinerz Ltd or want our help in relation to online business industry.
We will be more than happy to hear from you and help you.