Welcome to my PosMiners Review.
Is this a scam?
One of the things that we don’t want is to later have a program or company shut down because it turned out to be a scam.
We end up losing a ton of time and all of the money that we invested.
So what do we do to protect ourselves?
Well…
You read my reviews here about the hundreds of companies and opportunities that are on the market to learn how everything is designed and works.
And if there is any funny business going on.
And we will let you know, we try not to sugarcoat anything.
So what we are going to do is research and bring you all the information we find on the company, the products, and the compensation plan.
Why do we do this?
To help people like you!
I’ve been scammed many times online, and I want to help you from getting scammed too.
With that said, let’s dive down and see what PosMiners is all about.
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PosMiners Company Overview
In this section of this review, we are going to cover the company information.
Unfortunately, when researching the website and other online sources I was unable to find who runs or owns PosMiners.
I was, however, able to find some information when looking into the domain name.
This is what was found:
- The domain name (posminers.com) was registered privately.
- The registration date was 12/10/2017
It was determined that the bulk of the traffic that the company website is getting is coming from Armenia.
One could think that this is the origin of where the company launched from or at least where the owner lives.
There is really not much more than I was able to find, so let’s move on.
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PosMiners Products Review
In this section of my review, we are going to take a look at the products that PoSMiners offers.
Yet again I have run across more disappointment.
Unfortunately, PosMiners does not offer any products for retail sales for customers.
They do however offer training, but this is only provided to affiliate members that invest in the company’s opportunity.
With that said, let’s move on to the next section.
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PosMiners Compensation Plan Breakdown
In this section of my review, we will cover the information that was found on the compensation plan.
So, there are really only 2 ways to get paid in PosMiners which are:
- The ROI Commissions
- The Referral Commissions
The members of PosMiners will have to make an investment in order to participate in the ROI and the Referral commissions.
They can invest with either Bitcoin or what is called Gold Poker (GPKR).
Here is how the ROI payout is structured for the investment level and the Bitcoin or the Gold Poker amount you start out at:
Bitcoin
- Starter Level – When you make an investment of between 0.01 to 0.05 BTC you will be qualified for this level and also receive a promised 133% to 135% ROI after 45 days
- Basic Level – When you make an investment of between 0.051 to 0.2 BTC you will be qualified for this level and also receive a promised 140% to 143% ROI after 45 days
- Regular Level – When you make an investment of between 0.21 to 1 BTC you will be qualified for this level and also receive a promised 147% to 150% ROI after 45 days
- Premium Level – When you make an investment of between 1.01 to 50 BTC you will be qualified for this level and also receive a promised 151% to 154% ROI after 45 days
Gold Poker
- Starter Level – When you make an investment of between 500 and 2000 GPKR you will be qualified for this level and also receive a promised 142% to 145% ROI after 45 days
- Basic Level – When you make an investment of between 2001 and 5000 GPKR you will be qualified for this level and also receive a promised 147% to 150% ROI after 45 days
- Regular Level – When you make an investment of between 5001 and 10,000 GPKR you will be qualified for this level and also receive a promised 151% to 154% ROI after 45 days
- Premium Level – When you make an investment of between 10,001 to 30,000 you will be qualified for this level and also receive a promised 155% to 157% ROI after 45 days
Referral Commissions
PosMiners has a very simple to understand referral commissions plan.
The PosMiners compensation plan is designed in an MLM unilevel structure consisting of 8 levels.
If you don’t know how a unilevel pay plan works here is a quick breakdown:
- 1st Level – The first level of your unilevel compensation plan will “only” have your personal referrals positioned on it.
- 2nd Level – The 2nd level of your unilevel compensation plan will only have referrals that you personally referred members sponsored into PosMiners.
- 3rd Level – The 3rd level of your unilevel pay plan will only have referrals that your 2nd level team members sponsored into PosMiners.
- and so on…
Like I mentioned before, there are 8 levels of the unilevel plan that PosMiners offers that you can earn from.
Here is a breakdown of the percentage of invested cryptocurrency that is made that you can earn from by level:
- Level 1 positioned members will give you the opportunity to earn 5% of their investments made.
- Level 2 positioned members will give you the opportunity to earn 3% of their investments made.
- Levels 3 and 4 positioned members will give you the opportunity to earn 1% of their investments made.
- Levels 5 to 8 positioned members will give you the opportunity to earn 0.5% of their investments made.
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PosMiners FAQ
In this section of my review, I will cover the questions that many people will usually have when looking into PosMiners.
Is PosMiners BBB Accredited?
No, PosMiners is not accredited with the Better Business Bureau.
This is not an indication of PosMiners being a scam, it just means that it is not listed at this time.
Another reason for a company not being accredited is the length of time a company has been in business.
How Much Does It Cost to Join PosMiners?
You can actually join PosMiners for free, but you will not get much.
To get the training and the opportunity to earn from the PosMiners ROI and Referral commissions you will have to make an investment.
You will need to make a minimum investment of 0.01 BTC or the 500 Gold Poker (GPKR) that was explained earlier in the compensation plan section.
In the FAQ section of the company site, I did also notice that you can invest in a multitude of cryptocurrencies including Ethereum but will only get paid out in Bitcoin.
Is PosMiners A Scam?
In my opinion yes, it is a scam.
The more technical term would be a Ponzi Scheme.
There are several red flags that I can mention and go into, but to save time, since they do not offer any retail products, and they are providing an MLM opportunity with the unilevel commission plan, makes it a bad deal.
This is not legal in many places.
Maybe where the company is located it is totally legit, but nobody knows where they are located or who runs it.
With that said, let’s move on to my final thoughts.
My Final PosMiners Review and Thoughts
Ok, so I found on the company site that they are stating that the ROI is 100% guaranteed and sustainable.
But the problem is, where is the proof, and why would they even share these profits if it is that powerful of an algorithm?
I mean why?
Think about it like this, if the owner is such a good Samaritan and wants to share his amazing ROI tactics, why is he (or she) not being transparent at all?
Sounds really fishy to me!
But here is the thing.
From experience, when companies are making huge promises like this and grow to incredible sizes of members and profit, the regulators usually come in to perform an audit.
Every single company that made these amazing claims ended up getting shut down.
These are the facts!
The only thing that the regulators found that sure there was money being made through mining, but not nearly enough to sustain the amounts of profits being paid out.
So how do they even stay in business you ask?
By supplementing the new investment that is being generated by new members joining the business and by current members reinvesting into the business.
So, when people stop recruiting and people start slowing down and start taking their money out what happens?
The business can’t’ sustain itself and the owner usually closes the business down and runs off with everyone’s money.
So if you were to ask me if I would personally join or recommend PosMiners?
I would say that I would definitely not join, and I would certainly not recommend this to anyone.
There are too many red flags with the business model that PosMiners has.
So with that said…
I hope you enjoyed my PosMiners review.
Make sure to share this review with others by clicking on the social share buttons on this page so that others will know exactly what PosMiners opportunity is all about.
Thank you.
