Mining Capital Coin Review: 52 week ROI cryptocurrency mining fraud
Mining Capital Coin provide no information on their website about who owns or runs the business.
The Mining Capital Coin website domain (“miningcapitalcoin.com”) was privately registered on January 30th, 2018.
Marketing material on the Mining Capital Coin website claims ‘the company’s office located in Boston, Mass.‘
The native language of the Mining Capital Coin website is Portuguese and the compensation plan references the Brazilian Real.
Thus it is highly likely that whoever is running Mining Capital Coin is actually based out of Brazil.
The SEC’s shutdown of TelexFree however taught us that Massachusetts has a large Brazilian migrant population, so it can’t be ruled out as a possibility.
Update 2nd May 2018 – A marketing video published two months ago reveals Jr. Caputti is CEO of Mining Capital Coin.
Caputti speaks with a heavy Brazilian accent but appears to frequently travel between Brazil and Boston, Massachusetts.
On his Facebook profile, Caputti claims to be a former officer at the US Department of Homeland Security. He also claims to have worked for the Massachusetts Department of Education.
Earlier today Caputti was on Facebook boasting about purchasing a new Porsche:
Read on for a full review of the Mining Capital Coin MLM opportunity.
Mining Capital Coin Products
Mining Capital Coin has no retailable products or services, with affiliates only able to market Mining Capital Coin affiliate membership itself.
The Mining Capital Coin Compensation Plan
Mining Capital Coin affiliates invest $250 to $5000 on the promise of an advertised 52 week ROI.
- Silver – invest $250 and receive $60 a month
- Gold – invest $500 and receive $120 a month
- Premium – invest $1000 and receive $240 a month
- Platinum – invest $2000 and receive $480 a month
- Diamond – invest $5000 and receive $1200 a month
Note that Mining Capital Coin charge a 3% on all ROI and commission withdrawals.
Mining Capital Coin pay affiliates to recruit new affiliate investors:
- recruit a Silver affiliate and receive $12.50
- recruit a Gold affiliate and receive $25
- recruit a Premium affiliate and receive $50
- recruit a Platinum affiliate and receive $100
- recruit a Diamond affiliate and receive $250
Mining Capital Coin pay 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.
Each Mining Capital Coin investment package corresponds with a set number of points:
- Silver – 40 points
- Gold – 80 points
- Premium – 160 points
- Platinum – 320 points
- Diamond – 800 points
When affiliates placed in a binary team sign up and invest, the corresponding point value of their investment is added to the side of the binary team they are on.
At the end of each day Mining Capital Coin tally up newly generated points on both sides of the binary team.
Affiliates are paid a 50% residual commission on points generated on their weaker binary side.
Note that residual binary commissions are capped at $5000 (10,000 points) per day.
Membership Fee Commissions
Each Mining Capital Coin affiliate has to pay a $50 a month fee per active investment package they have.
Mining Capital Coin take these fees and used them to pay residual commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Mining Capital Coin pay membership fee commissions down five unilevel team levels as follows:
- level 1 (personally recruited affiliates) – 10%
- level 2 – 7%
- level 3 – 5%
- level 4 – 3%
- level 5 – 1%
Joining Mining Capital Coin
Mining Capital Coin affiliate membership is tied to investment in one or more packages:
- Silver – $250
- Gold – $500
- Premium – $1000
- Platinum – $2000
- Diamond – $5000
Packages are valid for 52 weeks.
Each Mining Capital Coin affiliate must also pay a $50 fee per active package they’ve invested in.
Mining Capital Coin claim to generate ROI revenue through cryptocurrency mining;
Mining Capital Coin is a company that operates modern field of cryptocurrency mining [sic].
We have a mining plant with the best equipment on the market, located in the United States of America.
As well as forex, “sports trading” and “cryptocoins exchange”.
No evidence of any of these claims is provided.
Furthermore, Mining Capital Coin’s business model fails the Ponzi logic test.
If the company’s anonymous owners were truly able to generate a consistent $14,400 annual ROI off a $5000 investment (more once referral commissions and fees are factored in), why would they be soliciting investment from randoms over the internet?
Yet despite these deficiencies, Mining Capital Coin claim
in the Mining Capital Coin the return of your investment is guaranteed!!
First and foremost if Mining Capital Coin is indeed based out of Massachusetts in the US, they need to register their passive investment opportunity with the SEC.
A search of the SEC’s Edgar database however reveals Mining Capital Coin is not registered.
This means that at a minimum Mining Capital Coin are engaged in securities fraud.
Part of this is the high probability Mining Capital Coin are simply shuffling around newly invested funds to pay off existing investors.
This will see the company able to pay ROIs until affiliate recruitment slows down.
At that point Mining Capital Coin collapses, with Ponzi math dictating that the majority of investors will lose money.