Ark Mining fails to supply possession or government info on its web site.
Ark Mining’s web site area (“arkmining.com”), was first registered in 2017. The personal registration was final up to date on February twenty fourth, 2024.
Via the Wayback Machine we are able to see that Ark Mining’s web site area was parked up till the present web site went dwell in late February.
From this we are able to confirm Ark Mining’s proprietor(s) bought the area on or round February 2024.
Regardless of this, on its web site Ark Mining falsely claims it was “based in 2017”.
Of observe is Ark Mining having already attracted the eye of monetary regulators. Ukraine’s Nationwide Securities and Inventory Market Fee added Ark Mining to its securities fraud warning checklist final month.
As at all times, if an MLM firm isn’t overtly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Ark Mining’s Merchandise
Ark Mining has no retailable services or products.
Associates are solely in a position to market Ark Mining affiliate membership itself.
Ark Mining’s Compensation Plan
Ark Mining associates make investments USD equivalents in cryptocurrency.
That is achieved on the promise of marketed passive returns:
- Free Bitcoin Mining (observe, not really free) – make investments $50 and obtain $51 in 24 hours
- Bitcoin Expertise Venture – make investments $200 and obtain $25 in 24 hours
- Litecoin Miner L3 – make investments $600 and obtain $629.70 over 3 days
- Bitcoin Minter S21 Hyd – make investments $1200 and obtain $1308 over 5 days
- BTC Miner S21 Professional – make investments $3000 and obtain $3198 over 3 days
- Bitcoin Miner S21 – make investments $3600 and obtain $4010.40 over 6 days
- BTC Miner L9 – make investments $6500 and obtain $7007 over 3 days
- Bitcoin Miner S21 Hyd – make investments $8000 and obtain $9280 over 8 days
- BTC Minter KS3 – make investments $12,800 and obtain $13,875.20 over 3 days
- KAS Minser KS3 – make investments $16,800 and obtain $20,664 over 10 days
- Antspace HK3 Miner+ – make investments $30,800 and obtain $42,812 over 15 days
- Antspace HK3 Miner Professional – make investments $60,800 and obtain $94,848 over 20 days
Ark Miner pays referral commissions on invested cryptocurrency down two ranges of recruitment:
- degree 1 (personally recruited associates) – 3.5%
- degree 2 – 1.5%
Becoming a member of Ark Mining
Ark Mining affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $50 funding.
Ark Mining solicits funding in numerous cryptocurrencies.
Ark Mining Conclusion
Regardless of solely present for a couple of months, Ark Mining falsely claims it’s “one of many first corporations to supply cloud mining companies.”
After years of growth, we now have 5 mining farms world wide with members in additional than 195 international locations/areas, and we’re trusted by over 650,000 customers worldwide.
The ruse behind Ark Mining’s passive returns funding scheme is cryptocurrency cloud mining.
Ark Mining fails to supply verifiable proof it generates any income by means of cryptocurrency cloud mining.
Moreover, Ark Mining’s enterprise mannequin fails the Ponzi logic check.
If Ark Mining is already in a position to legitimately flip $60,800 into $94,848 each 20 days, what do they want your cash for?
Because it stands, the one verifiable income getting into Ark Mining is new funding.
Utilizing new funding to pay ROI withdrawals would make Ark Mining a Ponzi scheme. With nothing marketed or offered to retail clients, the MLM facet of Ark Mining operates as a pyramid scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Ark Mining of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of contributors lose cash.