BoostMiner Review: Is a BoostMiner.io Scam or Legit?
BoostMiner.io Review: Boost Miner Scam Alert! Without a doubt, BoostMiner.io is a scam, not a genuine or trustworthy company. Yes, we agree that it may pay a few members at starting but that doesn’t make it legal or sustainable. It will stop paying sooner or later due to which the majority of members will lose their money. Why? Well, let’s find out the answer in detail through our Boost Miner review here.
Why is a BoostMiner scam?
Boost Miner is a scam due to the following reasons:-
# BoostMiner is a Ponzi scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the general public to stay out of the Ponzi scheme due to its unsustainable nature. The majority of members will lose their money in Ponzi scheme and only a few ones who join the system at first will make some few bucks due to which you will find out few people who promote and support some Ponzi schemes.
# We can say Boost Miner is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay up to 13% daily profit for 100 days (0.13 BTC per day for 1 BTC investment) on the investment amount of members by using the money of members in its so-called Bitcoin Mining Pool. But in reality, it is not mining any Bitcoin anywhere. It fails to provide the physical location and proof of its Bitcoin Mining Farm which proves it doesn’t have any real source of income and only can pay members by routing the money between the members which is not a sustainable business.
# All the Ponzi schemes like BoostMiner trick people by showing the real payment proofs because they pay few members at starting by routing the money between the members so that they can lure more people into their scheme by showing those payment proofs. However, it is practically not possible to pay all members in that way because when they pay one member, they need to use the money invested by other two members so that they can pay the principle and profit to that one member. But, whenever they pay members in that way, they will create a debt equal to the amount of profit that they use to pay the members. So, even Ponzi schemes like Boost Miner want to pay all members, they can’t because day by day the debt will be kept on increasing and they will not have enough fund to pay all members. That’s why Ponzi schemes like BoostMiner are illegal schemes.
# Boost Miner also operates another illegal scheme known as a Pyramid scheme because any company which pays the referral commission up to multi-level downlines without selling any retail products or services is known as a Pyramid scheme. BoostMiner is also claiming to pay the referral commission up to 3 level downlines but without selling any real products or services, just on the sales of its Ponzi ROI plans. So, this makes BoostMiner a Pyramid scheme as well.
Now you know that BoostMiner is a Ponzi-Pyramid hybrid. So, BoostMiner.io is a fraudulent website. That’s why we have listed Boost Miner within our “Scams” category which means we don’t recommend you to invest in BoostMiner.
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