Daily Mines, aka TheDM, MyDMFarms and TheDMFarms, fails to provide ownership or executive information on its website.

DailyMines’ current website domain (“thedm.cloud”), was privately registered on October 31st, 2023.

Daily Mines originally operated from “dailymines.com”, privately registered in August 2021.

DailyMines launched on its original .COM domain in or around June 2023. It’s not clear why DailyMines abandoned it original website domain.

Other secondary website domains associated with DailyMines include:

  • dailymines.net – active domain, privately registered October 27th, 2023
  • dailymined.ltd – active domain, privately registered October 27th, 2023
  • dailymines.live – active domain, privately registered October 29th, 2023
  • dailymines.tech – abandoned domain, privately registered October 30th, 2023
  • dailymines.world – abandoned domain, privately registered October 30th, 2023
  • dailymines.me – abandoned domain, privately registered through a Russian address on October 30th, 2023
  • dailyminesglobal.com – abandoned domain, privately registered on October 21st, 2023
  • dailyminesofficial.com – abandoned domain, privately registered in December 2022 (last updated December 19th, 2023)
  • dailymineslive.com – abandoned domain, privately registered in December 2022 (last updated December 19th, 2023)
  • joindailymines.com – abandoned domain, privately registered January 4th, 2023
  • mydailymines.com – abandoned domain, privately registered October 26th, 2023
  • dailyminesnetwork.com – abandoned domain, privately registered October 21st, 2023
  • thedm.biz – active domain, privately registered November 2nd, 2023
  • thedmfarms.com – abandoned domain, privately registered November 11th, 2023
  • mydmfarms.com – active domain, privately registered on November 6th, 2023

There are likely other unknown DailyMines website domains.

As of November 2023, SimilarWeb tracked top sources of traffic to DailyMines’ primary .CLOUD website as India (82%), Slovenia (4%) and Canada (2%).

There’s a high probability whoever is running DailyMines has ties to India.

Russia is also a possibility. Over on YouTube we have actors with various accents playing DailyMines executives.

This is “Dean Thomas”, Daily Mines’ purported “Cheif Marketing Officer”.

Thomas is played by Jordan Florit, a UK national living in Venezuela.

Over on Twitter Florit cites himself as “USLC Scouting Consultant. International Relations at Andrade Sports Group. Author: ‘Red Wine & Arepas: How Football is Becoming Venezuela’s Religion’.”

Not really sure what he’s doing playing fake executive for sketchy MLM companies.

With the exception of “Ekatrina”, the rest of the actors that appear in DailyMines’ marketing videos appear to be Venezuelan locals.

While India remains a strong candidate, actors playing fictional executives is typically the work of eastern European scammers (Russia/Ukraine).

In an attempt to appear legitimate, DailyMines provides two addresses on its website; one in the UK and one in Thailand.

It’s unlikely DailyMines has anything to do with either address.

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.

DailyMines’ Products

DailyMines has no retailable products or services.

Affiliates are only able to market DailyMines affiliate membership itself.

DailyMines’ Compensation Plan

DailyMines affiliates invest funds on the promise of advertised returns:

  • Basic – invest $25 to $4999 and receive up to 1% a day for 300 days
  • Standard – invest $5000 to $9999 and receive up to 1.25% a day for 300 days
  • Pro – invest $10,000 to $49,999 and receive up to 1.5% a day for 300 days
  • Enterprise – invest $50,000 to $499,999 and receive up to 1.75% a day for 300 days

The MLM side of DailyMines pays on recruitment of affiliate investors.

Referral Commissions

DailyMines pays a 10% referral commission on funds invested by personally recruited affiliates.

Residual Commissions

DailyMines pays residual commissions via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

At the end of each day DailyMines tallies up new investment volume on both sides of the binary team.

Affiliates are paid 10% of funds generated on their weaker binary team side.

  • Basic investment tier affiliates are capped at $2500 in residual commissions a day
  • Standard investment tier affiliates are capped at $5000 in residual commissions a day
  • Pro investment tier affiliates are capped at $10,000 in residual commissions a day
  • Enterprise tier affiliates are capped at $20,000 in residual commissions a day

Once paid out on, volume is matched against the stronger binary team side and flushed.

Any leftover volume on the stronger binary team side carries over.

Joining DailyMines

DailyMines affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $25 investment.

DailyMines Conclusion

DailyMines represents it generates external revenue via cloud mining.

No verifiable evidence of DailyMines generating external revenue of any kind is provided.

That’s because, like DailyMines’ fake executives, no cloud mining facilities exist.

As it stands the only verifiable source of revenue entering DailyMines is new investment.

Using new investment to pay affiliate withdrawals would make DailyMines a Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve DailyMines of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.