MiningTower Review: Legit? MiningTower.biz Scam
MiningTower.biz Review: MiningTower Scam Alert! Without a doubt, MiningTower.biz is a scam, not a genuine 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 Mining Tower review here.
Why is a Mining Tower scam?
MiningTower.biz is a scam due to the following reasons:-
# MiningTower 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 MiningTower.biz 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 2000% profit in 60 days on the investment amount of members by using the money of members in Foreign Exchange and Trade through Bitcoin exchanges. However, it fails to provide the proof of its so-called trading 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 MiningTower 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 MiningTower 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 MiningTower are illegal schemes.
Now you know that MiningTower.biz is a Ponzi scheme. So, MiningTower.biz is a fraudulent website. That’s why we have listed MiningTower within our “Scams” category. So, in this situation, we don’t recommend you to invest in Mining Tower.
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