SpaceMiner Review: Crypto mining “click a button” Ponzi
SpaceMiner fails to provide ownership or executive information on its website.
SpaceMiner’s website domain (“h5.spaceminer.top”) was privately registered on December 30th, 2023.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
SpaceMiner’s Products
SpaceMiner has no retailable products or services.
Affiliates are only able to market SpaceMiner affiliate membership itself.
SpaceMiner’s Compensation Plan
SpaceMiner affiliates invest tether (USDT). This is done on the promise of advertised returns:
- VIP1 – invest 40 USDT and receive 1 USDT a day
- VIP2 – invest 80 USDT and receive 2 USDT a day
- VIP3 – invest 240 USDT and receive 6 USDT a day
- VIP4 – invest 800 USDT and receive 20 USDT a day
- VIP5 – invest 2100 USDT and receive 60 USDT a day
- VIP6 – invest 6300 USDT and receive 180 USDT a day
- VIP7 – invest 18,000 USDT and receive 600 USDT a day
SpaceMiner also offers “staking” investment plans:
- invest for 7 days and receive 1% at the end of the investment period
- invest for 30 days and receive 5% at the end of the investment period
- invest for 60 days and receive 15% at the end of the investment period
- invest for 90 days and receive 25% at the end of the investment period
- invest for 180 days and receive 55% at the end of the investment period
No minimum “staking” investment amount is specified.
The MLM side of SpaceMiner pays on recruitment of affiliate investors.
StarMiner Affiliate Ranks
There are five affiliate ranks within StarMiner’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Level 4 Miner – recruit at least ten affiliate investors who together are earning at least 20 USDT a day
- Level 3 Miner – recruit at least forty affiliate investors who together are earning at least 100 USDT a day
- Level 2 Miner – recruit at least one hundred affiliate investors who together are earning at least 300 USDT a day
- Level 3 Miner – recruit at least two hundred affiliate investors who together are earning at least 800 USDT a day
- Star Commander – recruit at least three hundred affiliate investors who together are earning at least 10,000 USDT a day
Note that daily earnings refers to daily ROI payments only.
Referral Commissions
SpaceMiner pays referral commissions on invested USDT down two levels of recruitment:
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
ROI Match
SpaceMiner pays a ROI match down two levels of recruitment:
- level 1 – 3% match
- level 2 – 2% match
Monthly Salary
SpaceMiner rewards affiliates who qualify at Level 4 Miner or higher:
- qualify at Level 4 Miner and receive 30 USDT a month
- qualify at Level 3 Miner and receive 100 USDT a month
- qualify at Level 2 Miner and receive 300 USDT a month
- qualify at Level 1 Miner and receive 800 USDT a month
- qualify at Star Commander and receive 30,000 USDT a month
Joining SpaceMiner
SpaceMiner affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 40 USDT investment.
StarMiner Conclusion
SpaceMiner is yet another “click a button” app Ponzi scheme.
SpaceMiner’s “click a button” Ponzi ruse is crypto mining:
The presented ruse is SpaceMiner affiliates are playing a “play to earn” game. This revolves around investing in “astronaut” positions.
SpaceMiner affiliates then log in and click a button to receive crypto mining revenue (the more invested the more buttons have to be clicked).
SpaceMiner’s cloud mining operations purportedly generate revenue, which is then shared with affiliates.
If that makes no sense it’s because it doesn’t. If SpaceMiner already has crypto mining operations set up, what do they need your money for?
In reality clicking a button in SpaceMiner’s app does nothing. All SpaceMiner does is recycle newly invested funds to pay earlier investors.
SpaceMiner is part of a group of “click a button” app Ponzis that emerged in late 2021.
Examples of already collapsed “click a button” app Ponzis using the same cloud mining ruse include FiroCloud, Sky TRX and ZokoCloud.
Since 2021 BehindMLM has documented hundreds of “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.
“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).
As part of a collapse, “click a button” Ponzi scammers often initiate recovery scams. This sees the scammers demand investors pay a fee to access funds and/or re enable withdrawals.
If any payments are made withdrawals remain disabled or the scammers cease communication.
Organized crime interests from China operate scam factories behind “click a button” Ponzis from south-east Asian countries.
In September 2024, the US Department of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese human trafficking scam factories.
Through various companies he owns, Phat is alleged to shelter Chinese scammers operating out of Cambodia.
Regardless of which country they operate from, the same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.
Update 3rd December 2024 – While SpaceMiner’s website is still up, reports out of South Africa indicate the Ponzi scheme has collapsed.
Spaceminer has just collapsed in South Africa the Commanders running the show closed it down yesterday and everyone has lost everything
Ah, I was wondering what the spike in traffic was. Looks like the ol’ “leave the website up but disable the app” exit-scam. Thanks, will make a note of it.