Pro Mine Technologies Review: Powerbot crypto mining Telegram Ponzi
Despite having a whole section dedicated to transparency, Pro Mine Technologies fails to disclose company ownership details on its website.
A marketing document provided on the Power Mine Technologies website however identifies Aidan Parr as owner and Director of the company.
Parr is from the UK, which corresponds with Pro Mine Technologies LTD’s UK incorporation in November 2018.
Beyond providing an official looking certificate to parade about on Facebook however, Pro Mine Technologies’ UK incorporation is meaningless.
UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.
On his personal Facebook profile, Parr (right) also cites himself as a Director of Revive Landscapes.
After getting his landscape business ‘in a place (he) had longed for‘, Parr claims he ‘turned to the online space of crypto currencies‘.
Read on for a full review of the Pro Mine Technologies MLM opportunity.
Pro Mine Technologies Products
Pro Mine Technologies has no retailable products or services, with affiliates only able to market Pro Mine Technologies affiliate membership.
Pro Mine Technologies affiliate membership provides access to the Powerbot investment opportunity.
The Pro Mine Technologies Compensation Plan
Pro Mine Technologies affiliates invest cryptocurrency on the promise of an advertised ROI:
- invest 0.0036 BTC or more and receive a 1.2% daily compounded ROI for 99 days (max withdrawal 0.1 BTC daily)
- invest 0.4 LTC or more and receive a 1.5% daily compounded ROI for 99 days (max withdrawal 2 LTC daily)
- invest 0.1 ETH or more and receive a 1.5% daily compounded ROI for 99 days (max withdrawal 1 ETH daily)
- invest 0.2 DASH or more and receive a 1.5% daily compounded ROI for 99 days (max withdrawal 1 DASH daily)
- invest 0.1 BCH or more and receive a 1.5% daily compounded ROI for 99 days (max withdrawal 0.5 BCH daily)
- invest 3 ETC or more and receive a 1.5% daily compounded ROI for 99 days (max withdrawal 20 ETC daily)
- invest 50 XRP or more and receive a 1.5% daily compounded ROI for 99 days (max withdrawal 50 XRP daily)
Pro Mine Technologies pays referral commissions on both initial investment and reinvestment.
Referral commissions are 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.
Pro Mine Technologies caps payable referral commissions at four unilevel team levels.
Initial Investment Referral Commissions
- 10% on level 1 (personally recruited affiliates)
- 3% on level 2
- 1% on levels 3 and 4
Reinvestment Referral Commissions
- 2% on level 1
- 1% on levels 2 to 4
Joining Pro Mine Technologies
Pro Mine Technologies affiliate membership is free, however a minimum investment is required to fully participate in the attached MLM opportunity.
Minimum investments vary based on which cryptocurrency a Power Mine Technologies affiliate invests in (refer to “compensation plan” section above for specific amounts).
Having participated in and likely made a bit in two during 2018, Pro Mine Technologies is Aidan Parr’s own Telegram bot Ponzi scheme.
The ruse behind Pro Mine Technologies’ Powerbot opportunity is supposedly crypto mining.
We have accrued a fair amount of mining hardware and professional partners over the last few years and continue to mine the most profitable alt-coins.
PowerBot is my own crypto currency automated bot that derives its income from my very own mining farm located here in the UK and smart investments made through JV partnerships.
Other than the typical “here’s some random mining hardware” social media photos, Pro Mine Technologies provides no hard evidence of external ROI revenue being used to pay daily returns.
An example of hard evidence a legitimate investment company would be able to provide is an audit by a third-party accounting firm.
Such an audit would provide specifics on external ROI raised and affiliate ROI payments.
Investment schemes in the UK are regulated by the FCA. As it stands neither Pro Mine Technologies or Aidan Parr are registered with the FCA.
You can verify this yourself by performing a Financial Services Register search on the FCA’s website.
In addition to investment fraud, Pro Mine Technologies is also committing pyramid fraud.
The company neither markets nor sells anything to retail customers, with 100% of MLM commissions paid out tied to recruitment of new investors.
In a Facebook post dated November 19th, 2018, Parr claimed to have
secured a multiple 6 figure investment and a joint venture partnership with a massive multi-million dollar company from Australia.
The Berlin Group was based out of Australia and given Parr was promoting it, I’d be willing to bet all he’s done is borrow or purchase Laurie Suarez’s Telegram bot Ponzi script.
Telegram bot Ponzi schemes like Pro Mine Technologies collapse in two ways;
Either Telegram shuts them down or they run out of new investment and collapse.
For what it’s worth, The Berlin Group’s Recycle Bot collapsed due to the latter.
UK authorities don’t typically bother regulating MLM Ponzi schemes, so it’s likely Pro Mine Technologies’ Powerbot will collapse will follow The Berlin Group.
Either way unless you followed Parr from Recycle Bot and signed up for Pro Mine Technologies last November, you stand to lose everything you invest.
Ponzi schemes are a zero sum game. In order for the scammers running them to make money, someone has to lose it.
Update 2nd March 2019 – Pro Mine Technologies’ Power Bot has collapsed.
Withdrawals are currently frozen however new deposits are still being solicited.