What Is Speed Mining Pro? It's a Cryptocurrency Mining Ponzi Scheme!

What Is Speed Mining Pro? It’s a Cryptocurrency Mining Ponzi Scheme!

Welcome to my Speed Mining Pro review!

Bitcoin continues to skyrocket as more people continue to invest on it. Just recently, Elon Musk invested $1.5 billion worth of Bitcoin so his company, Tesla, can accommodate Bitcoin payments.

For the average Joe and Jane, investing to earn a single BTC can be a game-changer. But not with this program. 

This one promises a lot of things, including multiplying your ROI by a hundredfold. 

This is Speed Mining Pro.

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 Speed Mining Pro 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 Ponzi scheme is trying to do...

Speed Mining Pro Review Summary

Product Name:  Speed Mining Pro

Founder:  Not disclosed

Product Type:  Cryptocurrency Investment Ponzi

Price:  0.001 BTC minimum investment

Best For: No one

What is Speed Mining Pro Image Summary

Summary:  Speed Mining Pro is a cryptocurrency investment Ponzi scheme that pretends to be a mining company. It turns your investment into profits by mining for BTC. But there's nothing to be earned here because it's a pyramid scheme

Rating: 1/100

Recommended: No!

More...

What is Speed Mining Pro?

Speed Mining Pro is an investment program hiding behind a MLM or multi-level marketing company that offers promised ROI rates and commissions when you invite people into the opportunity. 

What Is Speed Mining Pro - Landing Page

What Is Speed Mining Pro - Landing Page

The company claims they run a mining platform that you’re going to invest on. This will then generate the profits by mining for BTC and then offering you the ROI based on your investment. 

The more money you invest, the more money you make. This is all in theory, of course. 

Checking their website further, we were unable to locate any information about who owns the company. There’s no information as to who runs it too. 

Because it’s in the cryptocurrency industry, anonymity isn’t a big deal. In fact, it’s one of the biggest benefits of investing in crypto. But they’re a MLM company so they’re required by regulatory agencies to be transparent with who runs the company. This is a red flag. 

Their domain name was registered on September 2020 and was registered privately. This means we don’t know who registered it or what country they registered it from. 

Speed Mining Pro Product Line

The company website offers flashy graphics, but none of them are indicators that they have retail products or services to offer. 

They only have membership into their income opportunity, which is a big no-no in the eyes of the FTC. 

4 figure monthly passive income
Jerry Huang, Founder of Smart Affiliate Success

I'm Jerry!

I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!

Does The Product Work?

Speed Mining Pro is a recruitment-based scheme that has nothing to do with cryptocurrency. Let’s look at the facts. 

First, they claim they can generate profits by mining for Bitcoin. If they can generate the promised ROI on their own, why do they need your investment? 

Think about it. They would just run the system on their own and keep it for themselves. 

On top of that, there’s literally no proof anywhere that mining is being done to generate said profits. 

Which brings me to my next point. 

The only verifiable proof of income the company has is through new member investments. This means that you’re only getting paid if you recruit people into the company. 

The company is nothing more than a Ponzi scheme pretending to be a mining company. 

Let’s not forget that they’re offering passive income, which constitutes securities. They’re not registered with financial regulators so they’re committing securities fraud too.

How To Make Money with Speed Mining Pro?

There are two ways to make money from Speed Mining Pro:

  1. ROI from your investments

  2. Referral commissions from building a team

How To Get Started with Speed Mining Pro? 

The cost to join is a minimum investment of 0.001BTC or about $44.28 (conversion as of this writing). 

Speed Mining Pro Compensation Plan

What Is Speed Mining Pro - Compensation Plan

What Is Speed Mining Pro - Compensation Plan

ROI Commission

Your ROI will depend on the investment you made on BTC. Here’s a breakdown on what you can expect: 

  1. Beginner Level – Entry level investment that will cost you 0.001 BTC to invest with a promised 4% ROI in Satoshi for 30 days.

  2. Competent Level – Thsi level requires 0.002 BTC and will earn you 5% daily ROI in Satoshi for 30 days.

  3. Master Level – This level requires an investment of 0.005 BTC to join with the promise of a 6% daily ROI in Satoshi for 30 days.

  4. Expert Level – This level costs you 0.02 BTC to join and promises a 7% daily ROI for 30 days. 

Once the 30 days are up, you’ll need to reinvest your funds in order to continue enjoying the daily ROI. 

Referral Commissions

Speed Mining Pro offers a 1-level payment plan that has you earning commissions on all members you personally recruit. 

This is a unilevel compensation structure that only goes down one level. Your earn 10% of the investments and reinvestments made by your personally recruited members.

What Is Satoshi?

Satoshi is a legitimate cryptocurrency but its value is very small. 1 Bitcoin is about 100 million Satoshi coins. 

The company uses Satoshi for their returns instead of BTC so there’s less risk to the company in case something happens to them.

Speed Mining Pro Ugly Truths Revealed!

#1 Obvious Pyramid Scheme!

Obviously, the company is a pyramid scheme hiding behind a mining company. The incentives are solely based on recruitment, and your only source of income comes from recruiting people. 

This is a red flag against the FTC and SEC guidelines for MLM companies. 

It’s also very likely that Speed Mining Pro is a reboot of another pyramid that shut down months before it was created. 

#2 No Owner Information!

The lack of ownership transparency is also alarming because you don’t know who you’re working with. 

While cryptocurrency operates under the guise of anonymity, Speed Mining Pro is required to still be transparent about who owns the company because they’re a MLM company. 

Another reason why they don’t tell you who owns the company is so they don’t become legally liable for anything. 

#3 No Proof of External Income

There’s no proof that they’re generating income via mining. The only source of income comes from recruitment. 

This means that your money is being used to pay off the other members’ investments, and to pay off the ones at the very top. 

As long as you’re at the bottom of the pyramid, you’re not making money.

What I Like About Speed Mining Pro?

Speed Mining Pro is a pyramid scheme. Why would we even like to work with this company?

Is Speed Mining Pro a Scam?

Speed Mining Pro is nothing more than a pyramid scheme. It hides behind colorful graphics and enticing ROI rates to get people to invest into the program.

But when you take a closer look at what they have to offer, you can unravel their scheme with common sense and logic. 

The only source of income here is through recruitment, which is what makes them a pyramid scheme. There’s nothing that proves they’re making money through mining. 

Let’s not forget they’re committing securities fraud as well because they’re not registered to carry out financial activities on behalf of their clients.

How I Make a Living Online?

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

  • You don't have to recruit anyone to make money
  • You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
  • It's Free to get started

In fact, with affiliate marketing...

I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!

Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...


If you want to discover the secrets of how I did it at such a young age, click here!

Justin Hagen
 

Justin has worked as an SEO and content specialist for the last 9 years. His success in the industry has allowed him to graduate from college, pay for a wedding, and pay for their first car. He recently joined Jerry as a writer for the Smart Affiliate Success blog.

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