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Miner-co.in is another mining pyramid scheme that has nothing to offer to investors. Their site has inadequate information raising more red flags.
The company claims that users can start mining with the free coins that they issue after every hour. The pyramid scheme states that it is easy to get start your investment.
Miner-co.in has a section on their website that they show the payouts that they have recently made. The platform does not even have a FAQ page.
They do not state the least amount of funds that you can deposit or withdraw. Miner-co.in has no visible investment plan or contract that investors can choose from.
The site is not transparent at all; they do not even try to show investors what they are offering better than their competitors.
Moreover, they do not disclose the location of their mining farms or servers. The information on the hardware they are using is also missing.
Mining involves a lot of charges, like electricity bills, which Miner-co.in has not stated the percentage of investors funds or profits that will cover for these, and other incurred expenses.
Pyramid schemes like Miner-co.in exploit their clients’ by having hidden charges and changing their term of service. Be wary of any investment company that does not have terms and conditions on their services.
It is clear; Miner Coin is a Ponzi scheme that you should keep off. Despite the crypto industry being plagued with a lot of scammers, there are legit cryptocurrency mining companies that you can trust with your money.
The platform claims it is a cloud mining venture. Investors can mine various coins, for instance, Bitcoin, Ethereum, Bitcoin SV, Bitcoin Cash, Dogecoin, Monero, Tron, Decred, Dash, Omni, Zcash, Litecoin, Bitcoin Gold, Peercoin, Ethereum Classic, among others.
Miner-co.in is a company that does not bother to provide information regarding its operation. With so many loopholes, investing in this company would be an unwise decision.
We do not even know the business model that they incorporate. Mining used to be a profitable venture in the past. Unfortunately, this is no longer the case, especially for the small scale investors.
The initial capital and hardware are expensive. Moreover, there are more miners in the market, unlike in the past, where the mining activity was not adopted by many.
You find that some investors, and especially the newbies, lack adequate information on how mining investment works.
You find that there is a vast misconception that crypto mining is a get rich scheme. While in reality, you will need to have skills, money, and patience to yield reasonable returns.
has not disclosed the profits that investors expect to receive. We wouldn’t recommend this platform since we believe there is no mining activity taking place on their site.
Miner Coin only wants to milk miners their hard-earned money by offering a false narrative. The company does not care about making anyone rich; their main goal is to steal from as many naïve investors as they can.
Miner-co.in is a company that is operating against the law. They do not have a license from any financial watchdog.
The various governments are doing their level best to ensure they protect their citizens from online scam investment ventures. Ensure that before you invest with a company that is regulated.
They do not disclose their office location; neither do they have an email address or a phone number that you can reach them through.
Moreover, the founder of Miner-co.in is operating anonymously. There is no information on the platform team. We do not know the qualification they have to handle investors’ money. The company is working behind the shadows.
You should be very cautious with investment companies that do not offer any factual information to the public. How can you trust Miner-co.in without even providing any method that you can contact them with?
What will happen when you encounter any challenges with their system. With the kind of anonymity that they display, it would safer to try other options in the market.
The Ponzi scheme is not left behind in utilizing the affiliate program. Miner Coin urges those who invest with them to hire an MCH and gain more income by inviting their colleague, friends, and family to join the platform.
However, this shady platform does not state the commission that you will receive per referral. The Miner-co-in is a pyramid scheme that is operating dubiously. Nothing makes sense, and you cannot trust them with your funds.
They only state that investors can take part in Competition, and promotions, to acquire bonuses, and standing prices. Most noteworthy, you should keep in mind that the only parties that benefit from a scam company are the platform itself, their shady marketers, and sometimes the pioneer investors.
Pyramid scheme uses the funds of new investors to pay out their initial clients. Sometimes, you might encounter positive reviews online regarding the pyramid scheme.
Scam company shady marketers use unethical means to drive traffic in the fraudulent platform. They create adverts, videos, and promotion content to get as many victims as they can.
Hence, do not be surprised when you encounter false information regarding Miner-co.in company. Avoid buying into their deceit; there is nothing that will come out of a Ponzi scheme.
They will only leave you high and dry. Unfortunately, when no more funds are being deposited in their system, they will exit the market.
The official domain name of this company is Miner-co.in. The company was registered in November 2019 and will expire in November 2020. It was recorded in New York, US.
The pyramid scheme has a lot of traffic coming on their site. They have a global Alexa ranking of 214,617; they target their audience from Iran, Brazil, and Venezuela.
Miner-co.in is a company that is operating behind the scenes. They do not provide any meaningful information regarding their operations.
The platform does not offer customer support, and this should tell you what kind of firm they are. If they were among the legit mining companies in the industry, they would put their customers first by ensuring they have competitive services and products.
Finally, we can all agree that there is no mining taking place in this pyramid scheme. The safety of your fund should be your major priority.
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