On its website, TRXMiner omits to reveal who is in charge of or controls the business.
On September 8, 2022, the domain name “trainer. fun” for TRXMiner’s website was registered.
The domain’s owner, Konstantin Ostrovskiy, is listed as having an incomplete address in Sverdlovskaya, Russia.
Whether or not those claims are true, TRXMiner does seem to have connections to Russia:
On September 6th, the Central Bank of Russia warned about the TRXMiner pyramid scheme.
The notice confirms that TRXMiner was first run from the August 26th-registered domain (“trainer. pro”).
Today, “trainer. pro” points to the recently established TRXMiner.
WEBSITE FUN. It looks like switching domains were done in reaction to CBR’s TRXMiner scam alert.
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 TRXMiner
TRXMiner doesn’t provide any goods or services for sale.
The only thing that affiliates may promote is TRXMiner affiliate membership.
Plan of Compensation for TRXMiner
Affiliates of TRXMiner invest tron (TRX) with the expectation of a 10% daily ROI.
TRX investments are locked up for one year (365 days).
Down three tiers of hiring, TRXMiner provides referral fees on invested tron (unilevel):
level 1 (10%)
level 2 – (2%)
level 3 (1%)
It costs nothing to become a TRXMiner affiliate member.
The connected income opportunity requires a minimum investment of 100 TRX to be fully engaged.
TRXMiner claims that tron mining is how it makes money from outside sources.
The extraction of the TRX coin is being done by TRXMINER.
Our substantial mining farm generates more than 1,000,000 TRX each month.
In addition to lacking any proof that TRXMiner produces any sort of outside money, this assertion also fails the Ponzi logic test.
What does TRXMiner need your money for if their mining farm is currently putting out over 1,000,000 TRX each month?
Mining is the second most typical MLM crypto Ponzi scam ploy after trading.
Currently, new investment is the sole provable source of income for TRXMiner.
TRXMiner is a Ponzi scam since it uses fresh money to provide a daily 10% ROI.
As with all Ponzi schemes, the fresh investment will stop once recruiting stops.
As a result, TRXMiner will eventually fail due to a lack of ROI income.
The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.
Update: TRXMiner has ceased operations as of September 14, 2022.
The website for TRXMiner has been inaccessible for anywhere between the last 24 and 48 hours.