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MineTech Farm Review: Shameful Scam Indeed

MineTech Farm Review: Shameful Scam Indeed

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MineTech Farm is allegedly mining Cryptocurrencies and guaranteeing profits for its members. They claim that now investors from all backgrounds can join their companies and earn high dividends from the company’s activities.

Daily ROI starts at 4.7% and is capped at 5.3%. The investment duration is 30 days. You can deposit anywhere between $10 to $20,000 depending on the plan you want to get enrolled in.

MineTech Farm even claims that some years ago, they could not allow average investors to join them and that now the door is open to everyone who wants to invest and make massive returns in just 30 days.

Of cause we believe that those figures are ridiculous. They are nonsensical. Those figures should confirm to you that MineTech Farm is nothing more than a scam ponzi scheme. The collapsing of MineTech Farm is eminent.

We already know that this company cannot be trusted. So let’s highlight all the reasons as to why this company is a dangerous ponzi scheme.

MineTech Farm Review

The owner of this website or company is not known. The person who is in charge of its operation is equally anonymous.

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It is really weird and unfortunate that a corporate is opting to conduct its activities secretly by concealing the identities of the people behind it. This looks fishy.

Above all, the domain minetech.io was registered on February 13th 2018, yet the website insinuates that the company has been in existence for a couple of years now.

We know who the liar is. MineTech Farm is lying to us that they launched this business a couple of years ago yet domain records indicate clearly that the website is only a couple of weeks old.

minetech farm review

Like most ponzi schemes, MineTech Farm has provided us with their corporate details on their website. This is their greatest undoing because the company is registered under the category of IT consultancy services, hosting, processing, and related activities yet we know very well that MineTech Farm deals with financial investments. It claims to deal in Cryptocurrency mining, which is not the case.

The company registrar, on the other hand, knows that they are an IT consultancy service. Now you can see why they were granted that certificate in the first place. It shows how us that these crooks can be canning and dodgy. It is just another confirmation that MineTech Farm is a scam.

In the company details, we see a man called Gregory Stones who was listed as the sole Director of the company. Unfortunately, we cannot establish any links between Stones and MineTech Farm outside this company’s records. This further casts doubts as to whether Stones really exist. It proves to us that this company is determined to operate anonymously, thereby stealing money from investors.

Again, remember that UK incorporation is dirt cheap. Anyone can register a company here because the registrar is never concerned with the true activities of the entity that is seeking registration. That is why scammers love to seek this means of gaining illegitimate credibility. It does not guarantee the safety of a victim’s funds. It does not prove that mining activities are going on within this company’s premises.

In fact, if only one anonymous director is involved with this company, then there’s absolutely no proof that it is operated by multiple individuals. It could as well be a one man operation and a scam as well.

As always, if a platform does not want to reveal ownership details and is asking for payment in Bitcoins or any other Cryptocurrency, you need to think twice. If that company is not popular, you should think long and hard. It’s most likely that such a platform will end up scamming individuals.

No product or service line

MineTech Farm is a ponzi scheme hiding behind mining of Cryptocurrencies. It does not have any real product line to sell. The only activity here is affiliate promotion where income depends on the number of people you can bring into the company.

The basic plan is highly suspicious because it promises 141% ROI in 30 days. The second plan is even more malicious because it promises 150% ROI in just 30 days. We all know that this is a dream that can never come true.

And of course the 3rd plan is now promising more riches in a short duration of time. 159% per month should make you a millionaire in less than a year.

And of course there is referral commissions which is supposed to significantly boost your income.

Joining is free of course. But members must only qualify for affiliate commissions and not money that comes from mining Cryptocurrencies.

Do you believe that MineTech Farm has mining facilities? You shouldn’t because there is no proof that they own one. There is no proof that these guys are outsourcing mining resources either.

With those earning figures, one cannot say that this is mining. This is definitely something else that doesn’t relate to mining at all.

Legit Cryptocurrency mining platforms will give sufficient proof of mining activities. They will never quote any income potential because a lot of factors go into the mining process. Profits can never be guaranteed.

The only verified source of income that this company has provided is deposits from new members. There are no income generating activities apart from new members who place their deposits, hoping that they will mine for profit when that is not the case.

The reason why they are a ponzi scheme is because they are taking fresh deposits to pay existing affiliates. That is the textbook definition of a ponzi scheme.

MineTech Farm will eventually starve its income stream when people eventually realize that this site is doing monkey business with their money. Once new people stop funding its activities, it will go under with people’s money since the owner is here to make money and not to make payouts to everyone to the point that he does not have any money left in his account.

Majority, if not all participants of this ponzi scheme will lose money because the math behind it suggests that the game will eventually come to a tragic end.

Things to remember before you can gamble your money away

Since MineTech Farm is run by an anonymous person, there is no reason to believe that this faceless individual has your best interest at heart. No matter how good or convincing the presentation is, they are still following a pattern that is loved by con artists.

By taking your Bitcoins and sending them to this scammer, you are essentially saying that you are ok with losing that money. After all, we don’t ”invest” what we are not willing to lose. We only invest what we are willing to lose.

However, that adage should be implemented with a little bit of wisdom. Don’t go throwing away your money to websites that are operated by anonymous owners. It is risky.

Our best advice for you

Definitely you’re going to get a raw deal as we have already inferred in this review. MineTech Farm does not have any mining farm. They are only busy with the collection of new deposits. You want to be part of it? Don’t blame anyone for getting scammed. But for those who want to mine, here are the best platforms.

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