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.
Turns out the guy running this claims to be a former DoHS officer.
Some schmuck named Jr. Caputti.
Likes boasting about how he’s spending investor funds on Facebook…
Another disgusting scam and again another scam copying the “pay plan” of the failed scams Gladiacoin & Jet-coin.
Shades of D9 scam.
Apparently, all the fools joining didn’t learn any lessons from the TelexFree scam! It has the same 52 week guaranteed income concept that got TelexFree shut down…smdh..
Selling investments/securities without a securities license! Great way to end up in jail for violating securities laws, as well as ponzi/pyramid scheme statutes. When will people ever learn?
Apperently everyone is misguided and have not done their research correctly.
Instead of speaking about any mlm company in the market why not do actual investigation such as actually speaking to owners and getting the full truth and proof of a a company before jumping into conclusions. Please read your own reviews behindmlm.
This review is based on information “the owners” have provided on the Mining Capital Coin website. Are “the owners” lying about Mining Capital Coin on the company website?
Why otherwise would I need to speak to “the owners”? It’s not like I don’t understand Mining Capital Coin’s Ponzi business model.
There is no “full truth”, you’re just shilling a variation of the “contact us for the real story” garbage.
Oh and the Mining Capital Coin website appears to be down. Alexa ranking is >1 million, which for a Ponzi scheme = collapse. Sorry for your loss.
How can i know the company is legitimate?
Start by reading the review.
Technical support please help me access my account it’s still blank and i joined October last year.
The reason the Mining Capital Coin website is blank is because the scam collapsed.
You invested in a Ponzi scheme and your money is gone. Sorry for your loss.
i think my money is gone!! because since december 2018 ,my account is black it seems i was miss guided and i cant see actural investigation.. please God help us.
Tic Toc. What number is this scheme to go south?
Is Mining capital coin fraud?
Dude, it’s literally right there in the title.
Fucking hell. Maybe a dumbass filter article quiz before you’re allowed to comment?
I invested $1000 in November 2018, I did manage to get back some of my investment but not all. It is 1000% a scam.
I’m just happy my skepticism only led me to invest 1000 and not more. Considering my own immediate family member led me to this scam!
Is MCC still working in Tanzania?
How can a person who has joined in that company withdraws his money? Help please.
Mining Capital Coin is a Ponzi scheme, you’re not supposed to be able to withdraw your money.
Sorry for your loss.
The day of receiving the capital who are investing in mining capital coin tell that to know because from my side am very poor so help to get a capital who are investing.
Looking at the above comments, your money is gone.
This is what happens when you invest in Ponzi schemes. Sorry for your loss.
edit: And the Mining Capital website is down. #RIP
Ok let’s me find another job good bye maning capital coin and God am sure I will bless me.
So now no to invest at mcc
This review is not authentic, it was taken from someone else and redistribute.
I too invested and I have no issues obtained my money
Yeah nah. I personally wrote this review from scratch.
And you getting paid in a Ponzi scheme is great… until it inevitably collapses and you stop getting paid.
That appears to be what’s happened. You personally getting paid doesn’t change the fact you stole money from those who invested in Mining Capital Coin after you.
proof? that’s right……you don’t have what doesn’t exist or you would have posted it.
I have invested $5000 and only received 750. I have asked for my funds on the days of the withdrawal and no phone call or reply.
It’s seems like the leader collects funds from New investors than pays people from those funds at the beginning.
When they run out of registering New investors they tell you to listen to the meetings, to delay giving information, they’re now saying that they have implemented insurance on your funds on what people have invested, but to get the insurance you have to pay with your own money, depending on how much you invested.
They’re also NOW taking 30% starting next week if you want to withdraw your funds.
Please help me to seek justice, they’re taking people money than leaving us in the dark.
I personally can not login to back office website. It seems like they block you from the system when they take your money.
I finally decided to take more classes on investment and financial education. This must help me with my future Investments!
I also would like to ask behindmlm.com to do more reviews in recent emerging Investments. It might prevent lots of people from fraud!
I try to keep up with reviews. Still catching up from my break last month.
I am planning to attend a meeting on this tomorrow. I will not be going because of all these reviews I’m ready. Thank you Oz.
can anyone tell me if iwill ever recover my money after investing with mcc. I can not access back office i have been blocked.
Mining Capital Coin was a Ponzi scheme. You’re not supposed to be able to recover your money.
Sorry for your loss.
Study this equation: MLM + Investment Opportunity = Fraud.
Tip: No need to analyze the specific product attached to the equation above. It doesn’t matter.
I have invested 2k since last February 2018 , I only collected 700.00 Thank God but the sad thing is they still doing propaganda meeting on whats up to lure more people into the program, now they have a so called a CPTL Coin on the market, one more ponzi.
I have sent a message to the support team about changing my btc address on the website since last June, still waiting for the change, i still have access to my account and i even invested in a so called compound bot program, nothing really changed.
I moved on , but i still hope to get my money back. Do not join please !!!
Sorry for my English, I am from Peru and I invested 175 en MMC on January. The website is still working here.
Can anyone tell in what countries the site is down?
I am so afraid to lose my money so fast, and there are so many groups of “leaders” that they are joining more people. Clearly it is like a MLM or maybe a ponzi pyramind.
Please guys, I need some help. Thank you
This is a Ponzi Scheme and the US Government is taking action…contact DOJ or SEC to see if you can get your hard earned money back.