Beware of GrenMiner – Review

On its website, GrenMiner makes no mention of the company’s owners or executives.

The domain name “grenminer.com” for GrenMiner’s website was privately registered on March 19, 2022.

GrenMiner gives “GrenMiner Limited” incorporation information to seem authentic.

On March 22, 2022, GrenMiner Limited was formally established in the UK.

An MLM firm that is based in the UK or that makes that claim should raise red flags.

The UK offers incredibly inexpensive and essentially unrestricted incorporation. Additionally, the FCA, the UK’s leading financial regulator, does not actively combat securities fraud associated with MLM.

As a result, scammers seeking to establish, run and publicize fictitious businesses frequently choose the UK as their preferred country.

Incorporation in the UK or registration with the FCA has no significance for MLM due diligence.

Jivo, a Russian support chat software, is mentioned in the source code of GrenMiner’s website:

This implies that the person in charge of GrenMiner has connections to Russia.

To that aim, on June 9th, the Central Bank of Russia issued a warning on GrenMiner financial scam.

Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.

Products from GrenMiner

No resaleable goods or services are offered by Greiner.

Only the GrenMiner affiliate membership itself may be promoted by affiliates.

Plan of Compensation for GrenMiners

001 to 2 bitcoin or its equivalent are invested by GrenMiner affiliates in exchange for the promise of hourly and/or daily returns:

4.5 percent each hour for a whole day (108 percent )

115 percent inside a day, 270 percent following five days, or 2450 percent following 16 days.

Down three tiers of hiring, GrenMiner provides referral commissions on invested bitcoin (unilevel):

Level 1 (affiliates that were individually recruited): 6%; Levels 2 and 3: 1%

It costs nothing to become a GrenMiner affiliate member.

A minimum investment of 0.001 BTC (or its equivalent) is required for full participation in the associated income opportunity.

Investment in ripple, Binance coin, Tron, stellar, and tether are all sought by Greiner.

Greiner Summary

According to Greiner, bitcoin mining is how it obtains external money.

In addition to mining, our business, Grenminer Limited, also sells various kinds of chips for mining equipment.

Although it has been overtaken by trading, cryptocurrency mining is still an MLM crypto Ponzi scam.

There is no proof that GrenMiner is involved in cryptocurrency mining. What’s more, there is no proof that any form of external revenue is being utilized to finance affiliate withdrawals.

In addition, the Ponzi logic test shows that GrenMiner’s business model is flawed. Nobody is giving it to you for free who can generate 2450 percent or more consistently over 16 days.

Right now, new investment is the sole provable source of income for Greiner.

A Ponzi scam, GrenMiner uses fresh investments to pay affiliate withdrawals.

As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.

Due to the lack of ROI income, GrenMiner will eventually fail.

The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.

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