S19antminers fails to supply possession or govt info on its web site.
S19antminers’ web site area (“s19antminers.com”), was registered in August 2023. The personal registration was final up to date on January eighth, 2024.
In an try to look respectable, S19antminers offers a UK company tackle and hyperlinks to the corporate registration for “Stash Networks Restricted”.
Stash Networks Restricted was registered within the UK in November 2021. It’s unlikely to have something to do with S19antminers.
As all the time, if an MLM firm just isn’t brazenly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
S19antminers’ Merchandise
S19antminers has no retailable services or products.
Associates are solely capable of market S19antminers affiliate membership itself.
S19antminers’ Compensation Plan
S19antminers associates make investments cryptocurrency on the promise of as much as 20% a day. Word that elsewhere on S19antminers’ web site as much as 3% is marketed.
The MLm aspect of S19antminers pays on recruitment of affiliate buyers.
S19antminers Affiliate Ranks
There are 5 affiliate ranks inside S19antminers’ compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – enroll as an S19antminer affiliate
- Younker – recruit ten affiliate buyers
- Chief – recruit twenty affiliate buyers
- Guru – recruit forty affiliate buyers
- Sage – recruit sixty affiliate buyers
Referral Commissions
S19antminers pays commissions on invested cryptocurrency down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 7%
- degree 2 – 2%
- degree 3 – 1%
Word that for Consultant certified S19antminers associates, referral fee charges are elevated to:
- 10% on degree 1
- 3% on degree 2
- 2% on degree 3
Particular Consultant qualification standards just isn’t offered.
Rank Achievement Bonus
S19antminers rewards associates for qualifying at Younker and better with the next one-time Rank Achievement Bonuses:
- qualify at Younker and obtain $100
- qualify at Chief and obtain $200
- qualify at Guru and obtain $300
- qualify at Sage and obtain $400
Becoming a member of S19antminers
S19antminers affiliate membership is free.
Full participation within the connected earnings alternative requires an undisclosed minimal funding in cryptocurrency.
S19antminers Conclusion
What does AI must do with cryptocurrency mining?
No thought. However S19antminers pitches itself as an “AI-backed mining firm”.
At our cryptocurrency cloud mining firm, we leverage AI expertise to boost profitability.
No proof of S19antminers taking part in cryptocurrency is offered.
Moreover, S19antminers’ enterprise mannequin fails the Ponzi logic take a look at.
If S19antminers is already capable of generate as much as 20% a day by crypto mining, what do they want your cash for?
Because it stands, the one verifiable income coming into S19antminers is new funding.
Utilizing new funding to pay affiliate withdrawals would make S19antminers a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve S19antminers of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.