Neo Mining & Technologies Review: Etherum mining investment contracts
Neo Mining & Technologies provide no information on their website about who owns or runs the business.
In fact at the time of publication, the Neo Mining & Technologies website is nothing more than an affiliate login page:
The Neo Mining & Technologies website domain (“neominetech.com”) was registered on September 23rd, 2017.
Jesus Osuna is listed as the owner, with an address in the US state of California also provided.
Further research reveals Neo Mining & Technologies marketing videos credited Jesus Osuna (right) as CEO of the company.
Osuna began promoting Neo Mining & Technologies in mid 2017, around the same time he began talking about cryptocurrency on his social media profiles.
In 2015 Osuna co-founded Uvodi, a fitness-based income opportunity.
As of today Uvodi is still in business (website is up), however the MLM opportunity appears to have been discontinued.
I wasn’t able to 100% confirm if it’s the same guy, but it’s worth noting that in 2014 a Jesus Osuna of California was named as a top-earner in the TelexFree Ponzi scheme.
Whether Osuna (right) paid back the $1.4 million he reportedly stole from TelexFree victims is unclear.
Read on for a full review of the Neo Mining & Technologies MLM opportunity.
Neo Mining & Technologies Products
Neo Mining & Technologies has no retailable products or services, with affiliates only able to market Neo Mining & Technologies affiliate membership itself.
The Neo Mining & Technologies Compensation Plan
Neo Mining & Technologies affiliates invest in ethereum mining contracts, on the promise of a passive two-year ROI.
- $350 = 14 MH/s mining contract
- $1750 = 70 MH/s mining contract
- $3500 = 140 MH/s mining contract
Neo Mining & Technologies Affiliate Ranks
There are five affiliate ranks within the Neo Mining & Technologies compensation plan.
Along with their respective qualification criteria, they are as follows:
- Affiliate – sign up and invest in a Neo Mining & Technologies mining contract
- Bronze – recruit three affiliates who invest in at least one mining contract each
- Silver – generate four personally recruited Bronze affiliates in your downline
- Gold – generate four personally recruited Silver affiliates in your downline
- Platinum – generate four personally recruited Gold affiliates in your downline
Residual Commissions (binary)
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.
Neo Mining & Technologies pay residual commissions based on sales volume generated throughout the binary team.
Sales volume is tracked in points and generated when recruited binary team affiliates invest in mining contract.
- a $350 mining contract generates 30 points
- a $1750 mining contract generates 150 points
- a $3500 mining contract generates 300 points
At the end of each day Neo Mining & Technologies tallies up new investment volume on both sides of the binary team.
For affiliates who have invested in the $350 and $1750 mining contracts, they receive a $150 commission per 150 points matched on both sides of their binary team.
For affiliates who have invested in the $3500 mining contract, they receive $1 per 1 point matched on both sides of their binary team (no minimum).
Note that all Neo Mining & Technologies affiliates are capped at $10,000 daily in residual binary commissions.
To qualify for residual binary commissions a Neo Mining & Technologies affiliate must have directly or indirectly recruited two affiliates under them (one on either side of the binary team).
Residual Commissions (unilevel)
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.
Bronze and higher ranked affiliates receive residual commission when unilevel team affiliates invest in mining contracts:
- Bronze affiliates receive $10 per $350 contract, $50 per $1750 contract and $100 per $3500 contract
- Silver affiliates receive $25 per $350 contract, $125 per $1750 contract and $250 per $3500 contract
- Gold affiliates receive $35 per $350 contract, $175 per $1750 contract and $350 per $3500 contract
- Platinum affiliates receive $45 per $350 contract, $225 per $1750 contract and $450 per $3500 contract
Platinum Rank Achievement Bonus
Neo Mining & Technologies affiliates who qualify at the Platinum rank receive a BMW I8 car.
There is also a cash percentage alternative offered for affiliates who don’t want the car.
Joining Neo Mining & Technologies
Joining Neo Mining & Technologies is tied to a $350, $1750 or $3500 two-year ethereum mining contract.
In order to earn commissions and a monthly ROI, Neo Mining & Technologies affiliates must maintain at least one active mining contract.
Neo Mining & Technologies accept PayPal, ethereum and bitcoin.
To gauge whether Neo Mining & Technologies mining contracts were competitive, I compared them to equivalent Genesis Mining ethereum contracts.
Genesis Mining sell ethereum contracts for
- $29.99 for 1 MH/s ($29.99 per MH/s)
- $869 for 30 MH/s ($28.96 per MH/s)
- $2799 for 100 MH/s (27.99 per MH/s)
Neo Mining and Technologies’ sell their contracts for $25 MH/s.
When you consider Genesis Mining’s ethereum contracts are so popular they’re regularly sold out, Neo Mining and Technologies cheaper contracts appear to offer extremely good value.
My question is how are Neo Mining & Technologies affording to undercut one of, if not the biggest ethereum cloud mining company and pay out hundreds of dollars in recruitment commissions on top of that?
From an MLM regulatory perspective there’s no getting around Neo Mining & Technologies operating as a recruitment-driven pyramid scheme.
Only affiliates can buy contracts, meaning Neo Mining & Technologies affiliates are getting paid to recruit new affiliates.
When you consider the ROI nature of Neo Mining & Technologies two-year contracts, it’s pretty clear-cut the company is offering an investment opportunity.
This is even more obvious upon consideration of how Neo Mining & Technologies is being marketed:
[2:40] Do keep this in mind, that you will get back the amount you paid for your service.
Within two years you will definitely, you will definitely make way more than $350, OK?
To illustrate the absurdity of claiming otherwise, here’s an excerpt from the marketing video linked above two minutes before Leonel Gonzales promised everyone they’d make more than they spend on contracts over two years:
[0:46] Do keep one thing in mind, this is not a company where you invest um, as in like you will consider (it) an investment.
We sell services. If you’re part of this team, if you’re part of Neo Mining & Technologies please do not promote this as an investment company.
If we take a look at Neo Mining Technologies
investment services offering, affiliates sign up and pay a fee, on the promise of receiving more than they paid over two years.
No matter how you dress it up, Neo Mining Technologies affiliates hand over money on the expectation of a passive ROI over two years.
That’s a security, which in the US requires registration with the SEC.
As at the time of publication neither Neo Mining & Technologies or Jesus Osuna are registered with the SEC.
This makes Neo Mining & Technologies mining contracts an unregistered securities offering.
Offering unregistered securities to US residents is illegal.
With that in mind, consider a Neo Mining & Technologies marketing video uploaded to YouTube on December 18th, 2017 (
January 2018 February 2018 reupload).
In the video Jesus Osuna reassures viewers that Neo Mining & Technologies is a “real company”.
[00:09] We are a real company. We’re traceable. We’re transparent and we want the people to know that that’s one of our main qualities here.
That we don’t want to have to hide or run away from everything, so we’re really traceable. And we want every single customer that comes into our company to know that.
And the reason being behind that is because in this industry, unfortunately since it’s so new, so people like to take advantage of the industry as well as people.
And we definitely do not represent that and the blockchain technology in that form.
We are a real company, established here in silicon valley.
Osuna goes on to claim Neo Mining & Technologies is “registered in California” and pulls out incorporation documents.
The good news is you can verify Osuna’s claim on the California Secretary of State website by punching in “neo mining”.
The bad news is that while Neo Mining & Technologies are authorized to offer shares, there’s nothing about their mining contract securities offering in the incorporation documents.
Furthermore securities are regulated in California at the state level by the California Department of Business Oversight.
As far as I can tell Neo Mining & Technologies are not registered in any capacity with the Californian DBO to offer securities in California.
In summary, Neo Mining & Technologies California incorporation is meaningless from a securities regulation perspective.
Why is being registered to offer securities in California and the US important?
It requires Neo Mining & Technologies to file explicit proof of external ROI revenue generation.
Saying your generating ROI revenue to pay affiliates with via ethereum mining is all very well, but due-diligence by any responsible investor would require full disclosure of mining taking place and generating revenue, which is then used to pay affiliates with.
SEC registration would require Neo Mining & Technologies to disclose that information to the general public.
This is critical not only for basic due-diligence of any passive investment opportunity, but also to certify Neo Mining & Technologies are not recycling newly invested funds to pay off existing investors on any level.
In summary, what we have with Neo Mining & Technologies is a company openly incorporated in California, offering US residents a two-year passive ROI on fixed deposits – coupled with a pyramid recruitment MLM business model.
None of which is registered with the appropriate authorities.
Yeah, this probably isn’t going to end well.
Update 21st January 2018 – Within 48 hours of this review being published, both Neo Mining & Technologies videos referenced and quoted from were pulled offline.
There is a NEO alt coin with a similar green logo. Are the MLMing rats trying to confuse their marks?
Article updated acknowledging the two marketing videos referenced and quoted from suddenly disappearing.
Video seems to still be working fine?!
(Ozedit: URL broken, removed)
Also these two sites I found other than the .com which are informative and pretty open un like other companys. neominetech.info neominetech.store also it has a returms policy at the bottom?! Cheers
The original two videos I linked to were pulled down from their sources.
I found an alternative for the second but not the first.
PS. That Google link you posted didn’t work so I removed it.
They updated the .com so visit neominetech again!
Instead of registering to offer securities in the US Neo Mining & Technologies released a new website design.
Here’s a cookie?
What are the requirements to registered? Also what qualifies Neo to register with them?
Requirements are full disclosure to the SEC and public regarding their securities offering.
Having a securities offering requires Neo Mining & Technologies to register with the SEC. Otherwise Neo Mining & Technologies is an unregistered securities offering, which is illegal.
Currently, network consists of 13 nodes which are fully controlled by NEO‘s team.
NEO‘s community cannot connect own node and participate on GAS mining. This will probably gonna be changed in the future and you will be able to set up own nodes and also master nodes.
Setting up master nodes will require locking up the specific amount of NEO tokens.
It does look like this is the same Jesus I Osuna who scammed investors out of 1.6 million dollars in the Telexfree Fraud who is now the CEO of Neo Mining and Technologies. So suggest everyone run for the doors.
You can see the address where Jesus was served for the Telexfree fraud in the court documents here: docplayer.net/49838203-Case-doc-163-filed-06-09-16-entered-06-09-16-17-19-20-desc-main-document-page-1-of-10.html
Note the address is 700 N Avery Ave Farmersville, CA 93223.
Corporation Wiki lists this address for Neo Mining and Technologies here:
The California Secretary of State Website lists the same address initially for Neo Mining and Technologies in the articles of incorporation. Found here: businesssearch.sos.ca.gov/Document/RetrievePDF?Id=04071698-23019288
Therefore one can safely assume that Jesus Osuna is the same Jesus Osuna associated with the Telexfree Ponzi fraud who personally benefited from scamming people to the tune of 1.6 million dollars.
I do hope the SEC shuts this scheme down before more people are scammed.
It’s look like NEO is STILL here after a year, you accuse neo To be a scam. We also let comments here about the reality of NEO Mining and looks Like you took it out.
Well is time to you to do a research and double check the Company and be honest and stop accusing others companies just to get traffic to your page and recruit people for your own purposes.
NEO Still here and stronger than ever. You say we don’t have products, there is, you have it, If you want the mini projector ( SWITCH) YOU CAN BUY IT FROM ME WITH OUT BEEN RECRUITED.
we have TRINITY, we have NEO Academic, We have Block Mart coming up, we have Cypher( our Own 100% usa exchange and trade platform, We have Mining Rigs for Home , We have Bank of America as bank transactions, We accept All major debt cards, We have corporate offices and you are more Welcome to visit and see for you’re self.
I Definitely guarantee you that if you have any possessions of any cryptocurrency you will use one of the Products NEO is about to lounge.
NEO is more than a mining Company, NEO is pure Technology. One more think. NEO those not offer ROI all mining is base on The market value each day.
Alexa shows little to no interest in Neo Mining Technologies until October 2018. Let me guess, that’s when you got sucked in.
Hard collapse again from mid January 2019. Sorry for your loss.
Waooo you have nothing else to say. No you talk about Alexa. Who care.
We care about the customers, We care about been legit, We are coming Strong than ever, we going to make some noise this year. Wait until you can confirm who is sponsor NEO and what’s coming.
Do your self a favor and If you want to do a journalist and make good reports. Do the homework and Meet The CEO in person. Go and see the corporate, have the SWITCH on hand, Go and see what is TRINITY, Tank, Oracle, The ultimate IV, Go and ask What is Morpheus,
Your going to be blow away with The Technology NEO have. Thas why there in Silicon Valley With A patent That nobody can Be in Silicon Valley Doing what NEO is doing.
You can say whatever you want here, at the end of the story is you blog page. But And at the end of the story people who read this will know who say the truth
Anybody interested in verifying your claims.
So why isn’t Neo Mining & Technologies registered with the SEC yet?
You can’t legitimize securities fraud through association.
I promise you I’m not. MLM crypto is 99.9% marketing bullshit hype and you’re a great example.
Anyway, feel free to provide Neo Mining & Technologies’ SEC registration. Y’know, cuz they’re all legit and that. Any more unsubstantiated marketing BS will be marked as spam.
As Co-Founder of Neo i am here to disclose to anyone reading that this blog is a complete joke.
To deploy “MaaS” or minning as a service there is absolutely no call for SEC oversight point blank period. Our customers and clients do not invest a dime with us in fact there is not even 1 shareholder in the entire company unlike every other crypto mining company out there.
And guess what… They all shut down going into 2019 and we are still here doing amazing business in USA and world wide. All you keep repeating and leaning on is your BS farce SEC claims that you have done zero homework on. Now to pop your hate bubble for good…
We contacted the SEC for good measure just to find out if a guaranteed HASH RATE being purchased could in any way shape form or fashion be declared a “security” in an of itslef and guess what? it does not apply here!
Our doors are open to any government agency that may have any concerns at anytime. Neo Mining and Technologies is most honest, upfront, innovative crypto currency start up the world has ever seen.
This whole review is a completely misleading FARCE. givin the inital date of this blog im pretty sure you realize that you got some serious facts wrong here because we ARE STILL #1!
ill not be back on this hoax of a blog until dec of 2019 to see how you feel after year number two lol. if you dont delete your stupidity by then.
In the meantime we have copied this whole blog an intend on framing it to remind us forever of the stupidity we once faced out in internet land. Thanks for the Laughs!!!
This is not the website traffic of a successful MLM company.
1. The SEC doesn’t have a helpdesk you can just contact for business advice. They don’t comment on specific company business models.
2. Neo Mining & Technologies solicits investments on a two year contract. Investment is solicited on the sole expectation of a passive return, paid out by the company.
That’s a security whether you acknowledge it or not.
What you’ll just have to accept is you’re small potatoes in the MLM crypto space. If you get big enough the SEC or a state regulator might pay attention to you, but “we haven’t been shut down yet!” isn’t justification for securities fraud.
An MLM company run by a manchild edgelord. What could possibly go wrong?
JAMES WALKER CO FOUNDER NMT: All I can say is what a pompous arrogant dick head…..
Paging James Walker and Carlos for an explanation.
Neo Mining Technologies’ website has been down “for maintenance” for about about a month now.
#RIP and sorry for your loss.
I’m a member of NEO MINING, but haven’t been able to login for a long time. Is there a new link that I need?
Please let me know what the update is.
The latest update is you invested in a Ponzi scheme that went boom. Sorry for your loss.
Neo Mining is a Ponzi Scheme! Simple like that!
Sorry for your loss.
Wow… for all y’all who commented your opinions and accusations here’s something coming from someone who grew up with Jesus Osuna… dude has always been a shady guy, probably the best liar I have ever met and you can ask around in Farmersville CA and there would be many girls that can vouch that lol….
Jesus first entered the pyramid scheme crap when he joined a company called Momentis which I see where he got these ideas of different levels in the form of colors. Momentis went to shit.
I can keep going about his little pyramid schemes that he had many of his friends (including me) join and look like idiots.
Dude was money hungry and scammed a lot of people in Tulare county. I mean, what more can you expect from a lying ass dude who can’t even be faithful to his baby momma.
A lot of us weren’t surprised to see all this went down with NEO, just another Jesus Osuna scheme. Crazy.