SKP Mine Review: Cloud mining “click a button” app Ponzi
SKP Mine (aka Skip Cloud Miner and SK Pools), fails to provide ownership or executive information on its website.
SKP Mine’s website domain (“skpools.pro”), was privately registered on June 3rd, 2023.
If we look at SKP Mine’s website source-code, we find the site is localised to Chinese.
This strongly suggests whoever is running SKP Mine has ties to China.
Note that although it is being run by Chinese scammers, SKP Mine is primarily targeting the Philippines.
SimilarWeb currently ranks the Philippines as the top source of traffic to SKP Mine’s website (16% for September 2023, down 87% month on month). SKP Mine official marketing material is also presented in Philippine peso equivalents.
Other sources of SKP Mine traffic include Indonesia (13%), Egypt (12%), Russia (7%) and Turkey (7%).
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.
SKP Mine’s Products
SKP Mine has no retailable products or services.
Affiliates are only able to market SKP Mine affiliate membership itself.
SKP Mine’s Compensation Plan
SKP Mine affiliates invest tether (USDT). This is done on the promise of advertised returns:
- Cloud Computer Power M1 – invest 10 USDT and receive 1 USDT a day for 20 days
- Cloud Computer Power M2 – invest 30 USDT and receive 1.20 USDT a day for 45 days
- Cloud Computer Power M3 – invest 50 USDT and receive 2 USDT a day for 60 days
- Cloud Computer Power M4 – invest 80 USDT and receive 4 USDT a day for 100 days
- Cloud Computer Power H2 – invest 180 USDT and receive 7 USDT a day for 150 days
SKP Mine pays referral commissions on invested USDT down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 4%
- level 3 – 2%
Joining SKP Mine
SKP Mine affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 10 USDT investment.
SKP Mine Conclusion
SKP Mine is yet another “click a button” app Ponzi scheme.
SKP Mine’s “click a button” Ponzi ruse is cloud mining:
The presented ruse is SKP Mine affiliates log in and click a button to receive mining revenue (the more invested the more buttons have to be clicked).
SKP Mine’s cloud mining operations purportedly generate revenue, which is then shared with affiliates.
If that makes no sense it’s because it doesn’t. If SKP Mine already has crypto mining operations set up, what do they need your money for?
In reality clicking a button within SKP Mine does nothing. All SKP Mine does is recycle newly invested funds to pay earlier investors.
SKP Mine is part of a group of “click a button” app Ponzis that emerged in late 2021.
Including SKP Mine, BehindMLM has thus far documented over one hundred “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.
“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).
The same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.