Mining Express Review: “Fixed daily bonus” crypto mining contracts
Mining Express provide no information on their website about who owns or runs the business.
The Mining Express website domain (“miningexpress.com”) was first registered in January, 2004.
The domain registration details were last updated in August, 2017, suggesting this is when the current anonymous owner(s) took possession of it.
Update 13th May 2018 – Mining Express promotional material claims Kaze Fuziyama is the owner of Mining Express.
Fuziyama (right) is based out of Rio de Janeiro in Brazil.
Prior to Mining Express Fuziyama was promoting the One Thor and D9 Clube Ponzi schemes. /end update
Read on for a full review of the Mining Express MLM opportunity.
Mining Express Products
Mining Express market a $100 “Beginner” investment plan that promises an advertised “fixed daily bonus”. After the first a month an additional $10 fee is also charged.
No details about the bonus or how much is paid out are provided.
The Mining Express Compensation Plan
Mining Express affiliates invest funds on the promise of a “fixed daily bonus”.
- Standard – $500
- Professional – $1200
- Master – $20,000
The exact percentage paid out daily to Mining Express affiliates is not provided.
Mining Express affiliates are paid to recruit new affiliates who invest.
How much of a recruitment commission is earned depends on how much an affiliate themselves invests when they sign up:
- Standard affiliates earn a 5% recruitment commission
- Professional affiliates earn a 6% recruitment commission
- Master affiliates earn a 7% recruitment commission
Mining Express 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.
Mining Express affiliates are paid a 5% commission on new investment volume on their weaker binary side.
Note that Mining Express do not clarify whether residual binary commissions are paid daily, weekly or monthly.
Mining Express pay a Matching Bonus on recruitment and residual binary commissions and mining contract ROI earnings.
The Matching Bonus is paid out 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.
The Matching Bonus for both recruitment and residual binary commissions are capped down five unilevel team levels.
Recruitment Commissions and Mining ROI Match
- Standard affiliates earn a 3% match on level 1 (personally recruited affiliates) and 2% on level 2
- Professional affiliates earn a 3% match on level 1, 2% on level 2 and 1% on level 3
- Master affiliates earn a 3% match on level 1, 2% on level 2 and 1% on levels 3 to 5
Binary Commissions Match
- Standard affiliates earn a 5% match on level 1
- Professional affiliates earn a 5% match on level 1, 4% on level 2 and 2% on level 3
- Master affiliates earn a 5% match on level 1, 4% on level 2, 2% on level 3 and 1% on levels 4 and 5
Membership Fee Commission
The Mining Express compensation plan suggests that each affiliate must pay a $10 monthly fee.
Mining Express take this fee and use it to pay a monthly commissions.
The Membership Fee Commission is paid out using the same unilevel compensation structure as the Matching Bonus.
- Standard affiliates earn a 5% commission on level 1 (personally recruited affiliates)
- Professional affiliates earn a 3% commission on level 1, 2% on level 2 and 1% on level 3
- Master affiliates earn a 3% commission on level 1, 2% on level 2 and 1% on levels 3 to 5
Joining Mining Express
Mining Express affiliate membership is tied to a Standard ($500), Professional ($1200) or Master ($20,000) mining contract investment.
All Mining Express affiliates must also pay a $10 monthly fee.
Despite claiming to generate ROI revenue through altcoin mining contracts, Mining Express offer no evidence of any external ROI revenue generation.
In a Portuguese Mining Express presentation doing the rounds, the company claims to have a mining facility in Kropyvnytskyi, Ukraine (formerly known as Kirovohrad).
The facility however is represented by an illustration, followed by several stock images used to represent Mining Express offices.
This obviously casts doubt on whether the claimed mining facility even exists.
Also it’s worth noting the use of Kirovohrad/Kirovograd. This is the former name of Kropyvnytskyi, suggesting whoever put together the presentation has geographical familiarity with Ukraine.
That said most of the Mining Express marketing material I came across was in Portuguese.
In any event, absent of proof of ROI revenue, the only verifiable source of revenue entering Mining Express is new affiliate investment.
Using newly invested funds to pay existing Mining Express affiliates a “fixed daily bonus” makes Mining Express a Ponzi scheme.
If proof of Mining Express’ mining facilities and use of externally generated funds to pay affiliates surfaced, the company provides no evidence it has registered with securities regulators in any jurisdiction it operates in.
Thus at the very least, Mining Express is an illegal unregistered securities offering in any country where securities are regulated.
CEO: Kaze Fuziyama (D9 Club, Onethor…)
That explains the Portuguese promotion.
Japanese name guy in Brazil pretending to be in Ukraine. GG.
Aleksey Kolesnik (D9 Club, One Thor…)
Mykola Maksymiv (D9 Club, One Thor…)
Kaze, Mykola and Aleksey:
Ok. Tkanka for this.
This article is completely out of date, since the information about the company, as the conclusions based not in facts but in the author opinion.
I suggest you enter in contact with the company to be aware about the facts to well inform your target public, and do not make innocuous assumptions about a real deal that nothing resembles what is exposed in this article.
I went to Mining Express’ website and had a look at their “presentation”.
Looks to be the same Ponzi scheme reviewed here.
Which is why you failed to point out one thing that’s changed. And pulled out the FaCtS aRe JuSt YoUr OpInIoN mAn! cliche.
It’s just your opinion, and not a fact.
I invite you to visit Mining Express facility in Ukraine, then give your opinion about something that you saw, and not that you “heard” about it and “think” something.
I understand the care and fame that MLM has connected with cryptocurrency. It’s a valid concern. But unfairly to tell that something like that without know the business like it really is, it’s not fact, it’s just opinion.
Obviously, this is my opinion. I didn’t know that I needed to write this to let it clear, but ok, here it is.
Nah. Mining City commits securities fraud.
MLM + securities fraud = Ponzi scheme.
These are facts, not opinions.
Why waste my time? Some dump in the Ukraine is not a substitute for registering with financial regulators and providing legal required audited financial reports.
Interesting… some Nobody auto clammed “OZ”, not even registered in the company, wasting our time, requiring legal financial reports without any legal obligation from the company side for any agency regulators.
It’s already shameful what you are doing. If you have real complains about the company, find the official channels to do it, and stop saying bullshit about something you really don’t know and looks like don’t want to know.
Complying with securities law and operating legally isn’t a waste of time. Unless of course you’re a parasitic scammer.
Mining Express commits securities fraud because it’s a Ponzi scheme. That’s not a complaint, it’s a fact.
Butthurt much? Sorry for your loss.
Mining Express provides a crypto currency mining service for who don’t have technical knowledgment to do it by themselves. About what regulation are you talking about, sir? Your mind regulations?
Which fraud exactly are you afirming that Mining Express are commiting, sir? Which judge decision are you basing your accusation?
I hope you have legal documents to prove what are you claming in a public enviroment.
Your opinion about something doesn’t transforms false claims in facts. Sorry, but you are talking about something you don’t know even superficially.
a passive investment opportunity.
MLM + passive investment opportunity = securities offering.
Securities fraud. You can go look up securities law in whatever countries you think securities fraud is legal.
Mining Express is committing securities fraud. MLM + securities fraud = Ponzi scheme.
These aren’t opinions, these are facts.
Where did you see any investment offer on Mining Express material? Mining Express provides cryptocurrency mining service, sir. Nothing else is promised.
Although you think it is a passive investment opportunity, it is just the result of the service we offer. Nothing else.
It is a strategy of Mining Express to multiply our datacenter, where we share part of the mine (50%) with those who purchase our services. This is totally clear in any of our materials.
You based your opinion on a false investment premise.
In the part where I hand over money to Mining Express for a “fixed daily bonus”.
Mate I can go all day with the pseudo-compliance bullshit. Neither you or Mining Express are fooling anyone.
And after accepting Mining Express is committing securities fraud, if you want to make claims of external revenue you can provide evidence by way of audited financial reports.
Anything less and all you’re doing is regurgitating marketing claims from Ponzi scammers.
Right, soooooooo, Mining Express are going to drag Oz in front of a court so they can explain exactly why it is legitimate and not committing securities fraud.
R–I–I–I–G–H–T sure they are.
I wouldn’t hold my breath, if I were you.
You need more than bad text interpretation to acuse someone of fraud.
What external revenue Mining Express is claiming being used to pay who buy the services? Mining Express has a mining facility that mines crypto currencies, and one of them is Ethereum, and you can easily check how much we are mining daily (this is why we call daily mining bonus, because Mining Express pays exactly 50% of is mined every day).
I can expose your ignorance of facts while you insist desinform people here.
Good luck, “mate”… 🙂
You asked a question, got an answer and then… dodged.
is unverifiable without legally required audited financial reports.
I think we’re done here. You’ve jumped from “Mining Express isn’t committing securities fraud” to “here’s a list of excuses to justify securities fraud”.
I’ll make it easy for you;
1. If you want to make claims about Mining Express generating external revenue, provide legally required audited financial reports.
2. MLM + securities fraud = Ponzi scheme. Feel free to provide evidence Mining Express has registered with financial regulators.
If you can’t address points one and two, thank you for confirming Mining Express is a Ponzi scheme.
Note that I’ll be marking anything other than you addressing the two points above as spam.
I don’t have to prove anything to you. (Ozedit: snip, see below)
Thank you for confirming Mining Express is a Ponzi scheme. Best of luck with the scamming.
You’ll pardon me not for taking the word of somebody sharing in the proceeds of crime staring at a Web dashboard with an increasing number as proof of legitimacy
In fact, if I had 1 BTC for every one of you dimwits believing faked numbers,i’d be buying my own moonbase.
If I also had 1 BTC for every one of you dimwits coming back after the Ponzi collapses crying about how you didn’t know,i’d probably buy the entire moon.
Then if I had 1 BTC for every one of you dimwits signing up for the next get-rich-quick-ponzi-scam and hyping it up i’d probably buy a fair chunk of Jupiter, or at least a smaller planetoid.
Could I get a discounted Pluto since it got demoted to ball-of-ice?