BTC Mining Factory Review: Dragon Mining Tech B2G Ponzi scheme
BTC Mining Factory is one of Dragon Mining Tech’s “dragon programs”.
Dragon Mining Tech is tied to the collapsed Bitcoiin pump and dump altcoin.
After allegedly raising $75 million dollars for their B2G ICO, Bitcoiin’s anonymous owners abandoned the project and did a runner.
Dragon Mining Tech is what’s left and, through spin-off companies like Start Options, Bitcoin Trading World, Crypto Mining Space, Palilula Mining, BTC Trader Online and BTC Mining Factory, are trying to milk investors out of even more money.
Dragon Mining Tech is believed to have strong ties to China however, like Bitcoiin, who owns and/or runs the company is not disclosed.
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.
BTC Mining Factory Products
BTC Mining Factory has no retailable products or services, with affiliates only able to market BTC Mining Factory affiliate membership itself.
The BTC Mining Factory Compensation Plan
BTC Mining Factory affiliates invest funds on the promise of a monthly 30% to 40% ROI.
- Silver – $500 minimum investment
- Gold – $5000 minimum investment
- VIP – $15,000 minimum investment
BTC Mining Factory pay both monthly ROIs and referral commissions in B2G.
Referral commissions are paid out on up to four levels of recruitment (unilevel), based on how much a BTC Mining Factory affiliate has invested:
- Silver affiliates are paid down two levels of recruitment
- Gold affiliates are paid down three levels of recruitment
- VIP affiliates are paid down four levels of recruitment
Note BTC Mining Factor do not provide specific referral commission percentages.
Joining BTC Mining Factory
BTC Mining Factory affiliate membership is tied to a minimum $500 investment.
BTC Mining Factory claim to generate external ROI revenue through BTC, B2G and ETH mining.
In reality all they’re doing is soliciting real money in exchange for worthless B2G points.
Outside of Dragon Mining Tech and their various income opportunities, B2G is worthless.
Dragon Mining Tech have set up an internal exchange, Thorex, through which new investors pay existing Bitcoiin B2G investors real money for B2G points.
The going B2G rate is set and controlled by Dragon Mining Tech itself.
BTC Mining Factory is one arm through which Dragon Mining Tech offloads pre-generated B2G through.
Ultimately the ROI BTC Mining Factory pay out is imaginary until new investors are duped through Thorex.
Given how Thorex works, BTC Mining Factory is part of a larger B2G Ponzi scheme.
As with all Ponzi schemes, once new investor recruitment slows down so too will newly invested funds.
This will see Dragon Mining Tech’s various schemes collapse.
Investor losses however won’t be realized until affiliates realize there’s nobody left to buy their worthless B2G points.
By then it’ll be too late, much like the original Bitcoiin B2G ICO.
Update 6th February 2021 – BTC Mining Factory was part of Kristijan Krstic’s $70 million dollar+ Ponzi empire.
Krstic was arrested in Serbia on behalf of US authorities in mid 2020.