eMine.to Scam Alert! eMine is a scam, not a genuine or trustworthy company. Yes, we agree that it may pay a few members 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 eMine review here.
Why is an eMine.to scam? What is eMine.to in real?
eMine is a fraudulent website due to the following reasons:-
# eMine 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 eMine is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay huge profit like 3.6% profit daily on the investment amount of members/affiliates by using the money of members in cryptocurrency cloud mining. But, it fails to provide proof of the existence of its so-called cryptocurrency cloud mining. On top of that, none of the experts in cryptocurrency mining field can guarantee to pay 3.6% daily profit continuously. So, the business claim of eMine doesn’t make any sense and prove itself to be a Ponzi scheme. This 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 eMine 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 eMine 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 eMine are illegal schemes.
# eMine has tried to trick people by showing the company’s registration document registered from Hong Kong in the name of EMINE LIMITED. But, don’t fall for that trick. Lots of Ponzi schemes in the past had already turned into scams which were registered from Hong Kong. Actually, it is very easy to register a company in Hong Kong by providing the virtual address which you can rent from the virtual address provider services as well as by providing the third person identities. Even you can register a company in Hong Kong without a big hassle. On top of that, such kind of registration is not the license to run an investment company like eMine, but just a registration for the tax purpose. On the other hand, there is not any proof that proves EMINE LIMITED is operating the eMine website.
# Legal authorities have already issued warnings to the general public to stay out of Ponzi schemes like eMine. So, if you still don’t believe us, you can ask the legal authorities in your country to check the business of eMine, then you will find out the reality yourself.
Now you know that eMine is a Ponzi scheme. So, eMine is a scam. That’s why we have listed eMine within our “Scams” category which means we don’t recommend you to invest in eMine.
If you want to report something about EMINE LIMITED or add your own eMine.to reviews, then please feel free to leave your comment below. You can also comment below to report about similar kinds of scams or even to report about any kinds of scams. After all, we are here to spread awareness about the scams. So, let’s do it together. Let’s save innocent people from scams.
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Actually, we recommend you to share this post with your friends and families through your social media accounts because it will help to spread the awareness about this scam and other similar kinds of scams. More we share about scams with our friends and families, more they will be aware of these kinds of scams which will ultimately make difficult for a scammer to scam innocent people. So, it’s better you share this post with your friends and families if you want to fight back with the scammer.
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