Multimine provides no verifiable information on its website about who owns or runs the company.

Supposedly the company is run by “William Simms”, however Simms doesn’t exist outside of Multimine’s own marketing material.

Multimine’s website domain (“multimine.io”) was privately registered on June 26th, 2020.

In an attempt to appear legitimate, Multimine provides UK incorporation details for Multi Mine Services LTD on its website.

Multi Mine Services was incorporated on August 12th, 2020.

UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

For the purpose of performing MLM due-diligence, UK incorporation is meaningless.

At the time of publication, Alexa ranks Russia (12%), Venezuela (11%) and Egypt (6%) as the top three sources of traffic to Multimine’s website.

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.

Multimine’s Products

Multimine has no retailable products or services, with affiliates only able to market Multimine affiliate membership itself.

Multimine’s Compensation Plan

Multimine affiliates invest cryptocurrency on the promise of a 48 month ROI, paid daily.

Bitcoin

  • Bitcoin Silver – $150
  • Bitcoin Gold – $1050
  • Bitcoin Platinum – $5150

Dash

  • Dash Silver – $136
  • Dash Gold – $1020
  • Dash Platinum – $5032

Ethereum

  • Ethereum Silver – $104
  • Ethereum Gold – $1014
  • Ethereum Platinum – $5044

Litecoin

  • Litecoin Silver – $100
  • Litecoin Gold – $1000
  • Litecoin Platinum – $5100

Doge

  • Doge Silver – $108
  • Doge Gold – $1020
  • Doge Platinum – $5016

Referral Commissions

Referral commissions are initially paid 5% on funds invested by personally recruited affiliates.

Multimine affiliates can “contact the Multimine team and become a promoter”, which expands referral commissions down three levels of recruitment (unilevel):

  • 10% on level 1 (personally recruited affiliates)
  • 4% on level 2
  • 2% on level 3

Joining Multimine

Multimine affiliate membership is free.

Full participation in the attached income opportunity however requires investment in cryptocurrency (see compensation details above).

Conclusion

Multimine represents it generates external revenue via cryptocurrency mining.

Multimine is the leading global cloud mining service providing instant online crypto mining with remote access to high hashpower on cloud.

The company’s investment plans are stylized around cryptocurrency mining, however this no evidence of external revenue generation of any kind provided.

Minebest is set up with a paper-thin premise and unverifiable paper-trail. In short, not what you’d expect from a legitimate company.

Confirming Minebest isn’t legitimate is the fact the company markets a securities offering, whilst not being registered to offer securities in any jurisdiction.

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

Using new investment to pay affiliates a daily return makes Multimine a Ponzi scheme.

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

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

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