GoMiner Review – Another Notorious Crypto Ponzi Scheme!
Welcome to my GoMiner review!
Do you know what’s the worst thing to ever come out of the cryptocurrency industry?
The numerous scams that involve cryptocurrency, which is giving the entire industry a bad name.
And I can’t blame people for not knowing enough about this industry because it’s a technical and complicated one. Some people just take advantage of the fact that there’s some money to be made here.
Now, you can make some decent coin (pardon the pun) if you invest in cryptocurrency, but there’s just a lot of things that you need to do to succeed. Most of the successful crypto traders aren’t even going public unless they want to make a course on trading.
This scam that we’re going to expose is called GoMiner.
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with GoMiner in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal what this cryptocurrency scheme is all about.
GoMiner Review Summary
Product Name: GoMiner
Founder: Jack Mayler
Product Type: Cryptocurrency investment program
Price: $10 to $10,000 investment (free to join)
Best For: No one
Summary: GoMiner is a cryptocurrency investment program, but it's actually a Ponzi scheme in disguise. There are a lot of red flags that we uncovered, such as fake owner information and a fake address. There's just nothing legitimate about this program.
What is GoMiner?
GoMiner is considered one of the Pioneer Group in Crypto Mining. They’ve been around since 2017, offering advanced crypto mining and token staking with enterprise-level support and provides the maximum amount of profit to miners.
They’re behind the new ASIC technology on bitcoin mining called the GMXR1 (aka the GoMiner GMXR1-C), which is responsible for certain innovations on cryptocurrency mining.
Unfortunately, these are just sales pitches that the company uses to get you hooked into the program.
As we go into the review, you’ll uncover some of the red flags that make us think there’s something up with this program.
GoMiner offers three different services for their members
- Bitcoin Multi Mining – GoMiner claims to be the first cloud mining company that has multi-mining capability, which can also mine currencies such as Bitcoin, Litecoin, and Ethereum. They’re also the cheapest in the industry, but provide the most profits.
- Staking – Gominer offers Investment Staking which provides you with a 2% daily ROI within a 14-day period. You also have the option to reinvest your 2% to bump up your profits.
- Exchange – Gominer offers service for buying and selling tokens. You can also hold on to tokens while waiting for the price to go up.
What Is GoToken?
Gominer has their internal currency called GoToken, which has no real-world value. They claim that their tokens are valued at $0.00136363 but that’s not based on anything other than Gominer setting the price for the token.
If you use the token on any of these places, you’ll get denied.
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How To Get Started on GoMiner?
GoMiner has various packages for you to choose from. The way it’s setup looks like the more you pay, the more money you get.
You can get into the program for as little as $10 and then get some money back.
Here’s the list of prices and the promised returns that you can enjoy:
- Level 1 - $10 and you get 687 Hash and 7,333 Gotokens
- Level 2 - Invest $25 and get 1718 Hash and 18,333 Gotokens
- Level 3 - Invest $50 and get 3437 Hash and 36,666 Gotokes
- Level 4 - Invest $100 and get 6875 Hash and 73,333 Gotokens
- Level 5 - Invest $250 and get 17187 Hash and receive 183,333 Gotokens
- Level 6 - Invest $500 and get 34375 Hash and receive 366,668 Gotokens
- Level 7 - Invest $1000 and 68750 Hash and receive 733,336 Gotokens
- Level 8 - Invest $5,000 and get 343750 Hash and receive 3,666,683 Gotokens
- Level 9 - Invest $10,000 and get 687503 Hash and receive 7,333,367 Gotokens
You can also earn more tokens by staking them, which gets you up to 3% per day return. Remember that these tokens are useless outside of GoMiner and have no real value.
This is where most of your real revenue is coming from: recruiting.
GoMiner offers to pay you by recruiting people. When you invite someone into the program, you receive 30Gh/s and you’ll receive 10% of the hashpower that the person you invited uses.
You also get 1% of your bounties’ total earnings weekly.
Who's GoMiner For?
While the program looks promising, this program is nothing but a complete scam. And I’ll reveal all of the red flags that I found during this review.
GoMiner Ugly Truths Revealed!
#1 Owner Is Fake
One of the most common tactics used by any scham is they hide behind a fake owner to trick people into thinking that their company is real.
In this case, the owner behind GoMiner is Jack Mayler, who says he has a background in Masters of Science in Computer Science and attended Stanford.
A quick Google search using Jack Mayler + Stanford showed no results.
If this was a legitimate business, Mayler would’ve been all over social media and he would have very obvious digital footprints.
#2 Address Is Fake
In the About section of their website, they mentioned that their company is located in Ottawa-St. Laurent Blvd St. Laurent Blvd, Ottawa K1G 5L1, Canada.
But when I searched the address, this is what I found:
This isn’t really their address but it’s actually a virtual address. This means that they don’t have an actual office and there are no employees there.
They’re just using this address to make themselves look legitimate and they chose Canada so they’d appear more trustworthy.
#3 This Company Is Committing Security Fraud
This is a passive income opportunity, so GoMiner would need to register with regulatory agencies and share revenue information and other stuff to the public.
There’s nothing on their website that mentions they are registered with any regulatory agency in Canada, or in any other country.
What this means is that if you do promote this product to anyone, you could be liable for securities fraud and go to jail for a long time.
All of the legitimate trading programs that we reviewed will always have the regulatory seals posted on their website, to the point that they’ll even share their registration numbers and other pertinent information so the public can check it for themselves.
What I Like About GoMiner?
GoMiner is just an obvious scam, so there’s nothing I like about the program. It’s a shame that people are using cryptocurrency to fool people.
Is GoMiner a Scam?
GoMiner is an obvious scam for a lot of reasons, even though they’re trying so hard to not look like one.
But eventually, they got outed by their own information they posted.
- The owner information they posted was easily debunked and we couldn’t find any information about him, so it’s safe to assume that the owner’s fake.
- They’re not registered with local government regulatory agencies, so you could be liable for securities fraud if you sign up for the program.
- They use a fake company address to make you think that they’re legitimate.
Avoid this program at all costs!
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