Menu Review: Is Persistence Mining a Scam? Review: Is Persistence Mining a Scam?

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Persistence mining is an alleged cloud mining company that happens to be a scam. The company brags that they are perpetually offering their investors decent services. Additionally, their objective is to gain trust and satisfy their customers’.

The company was launched in July 2017. They boldly state their primary determination is to assist as many people as they can to participate in the block chain era. The platform has much generic content on their website. The firm is talking mostly on the block chain technology, which is freely accessible online.

Persistence mining’s main objective is to mine digital currencies like Bitcoin, Monero, Litecoin, Dash, Ethereum using their three simple steps. To begin your financial breakthrough venture, it will only take you less than a minute.

They only thing that they require is for you to pick the mining power that you want, deposit your money, and start earning. It seems so easy, right? In reality, this is just a fantasy to mine. You need to have at least some background knowledge of how it works. Review, Platform

The pyramid scheme features some statics on their website that raise questions. As per the time of this writing in the last 24 hours, they have achieved a total transaction of around 5K. Additionally, the deal they have handled on an hourly basis is 475 that is a lot.

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Persistence mining Review

The company boasts of having five years of experience in the market, which is true. However, we are wondering why the company has not published any performance reports to show how they are faring on.

Persistence mining claims they have modern data centers that can hold a complex and diverse mining environment. The company additionally stated that they are utilizing the ASIC and GPU machines to ensure they mine numerous cryptos.

The platform proclaims that they have data centers in China, UAE, Canada, and the USA. However, we cannot verify if the information is correct. The data centers allow them to mine cryptos at a very high speed than their competitors.

The red flag that the firm has is offering high ROI beyond investors’ expectations as we all know mining activities are not as profitable as they used to be in the past. It seems they disburse the returns every month.

Nothing makes sense regarding this platform. It have painted its website with attractive bogus information, which it cannot verify. Persistence mining claim that it is a group of companies that have over 1500 expert team, and two mega data centers.

If their claims are correct, then they should be among the top crypto mining companies in the world; unfortunately, it is not the case. We urge you to stick to reputable mining companies in the industry that won’t compromise your money.

Ownership of the company

The company features their team leaders who are responsible for their success. They guarantee that they will elevate your investment to the next level.  The founder/ CEO of Persistence mining is Jeril Huggan. The person responsible for operations and control is Hersel A. Alexis Osborne is the head of business and marketing manager, and finally, we have Handock Peri, who is the director of software.

Persistence mining further states that their team has the adequate knowledge to deal with their clients’ money. They allegedly have qualifications in various fields, and they continuously keep an eye at the trending innovations in the market.

The platform also claims that its main target is to benefit its clients by offering top-notch services. The platform is using stock images to appear as a legit entity. The pictures that they are using are not the real owner’s profile.

Accounts and Returns

The reason why we are not suspicious about Persistence mining is because of the ridiculous returns that they are promising investors. Their first account cost $245, which runs for 23 months, it has no management fee, they guarantee that you will get a daily profit of 2.5%.

If you think this is much money, wait until you see their final contract. Power 30 THS is the most expensive plan that has ridiculous rewards. To participate in this account, you will have to cash in funds worth 6,027. It comes along with managed infrastructure, zero management fee, it also runs for 24 months just like all other accounts. They promise that you will have a daily return of 59.20% daily.

The amount that Persistence mining promises is very high and unattainable, especially when you consider the current nature of the market. We highly doubt they are paying. All these years in the market and the only place they have testimonial is in their platform, which is made up.

The company does not feature information regarding their withdrawal and deposit methods. We are not aware of how long it takes to process the withdrawal requests. Additionally, the currency that they accept they do not disclose either. Although we highly suspect that they are only accepting cryptocurrency. Most Noteworthy, crypto payment cannot be reversed.

Regulation and Contact Details

On their website, the company is allegedly located at UAE Arena Pramones g.30, Alytus 62175, Lithuania. To contact the support just in case you have any use, and you can only do so via email;[email protected] They are also available on other social media platforms like Facebook, LinkedIn, and telegram.

Persistence mining is an offshore company that is operating against the law. The founder of the company risk facing criminal prosecution when the law catches up with them. Nonetheless, an investment company that does not offer telephone support in this modern era raises questions.

The company is trying so hard to stay anonymous instead of redeeming their reputation which is at stake.

Imagine trusting a company that does not offer funds safely. Even worst, they do not have an FAQ, disclaimer, or term and condition page. The company will expose you to vast risks without any second thought. They are unregulated, meaning they are operating against the set jurisdictions. They are not in the FCA, NFA, ASIC, CySEC, or FTA list of licensed companies.

False Testimonials

The company has a testimonials section which appears cherry-picked. The investors are claiming that they have been able to make vast returns by venturing in Persistence mining. First of all, there is no social media profile linked to the review.

We cannot be sure that real miners of this platform left them behind. Pyramid schemes have grown smarter in their dealings, and they are using false testimonials to gain investors unethically. It would help if you were very careful.

The company should have provided proof of payment; instead, that is a more convenient method than displaying empty written words without evidence. Furthermore, if Persistence mining is the best in the market, then everyone should be flocking into their system. Plus, they have a fragile trust score, which does not create credibility.

Final Verdict

Persistence mining is not a trustworthy cloud mining company. They are operating illegally, and they are not transparent in their activities. The company is offering a very high ROI, which is a huge red flag.

You should only invest with reliable cryptocurrency mining companies in the industry. Avoid companies that are not transparent. The figures that they display on their website are meant to lure you into their platform. You will never receive a penny from their dealings.

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