Watermine Review: according to watermine.io, clients can earn profits from crypto-mining rigs owned by the watermine company.
The organization includes its partnerships in a string of office addresses on its official website. But the website is currently down, and investors can’t cash out from it.
Our Watermine Review explains some starter key steps about crypto mining and how it affects the credibility of the Watermine Company. It also contains a brief review of the platform’s affiliate membership package and referral commissions.
You can read below to learn more about the Watermine official website.
Watermine Review: Company Overview
Although the website is currently not visible on the internet, it promises 2.2% daily profits to affiliate partners.
If the monthly pile-ups are inferred from the Watermine daily bonus, they value at three-figure ROIs. From its creation, the Watermine Company continued paying its quoted profit remittals until its abrupt exit recently.
Further, the company offers investor caches for bulk funds in the listed Watermine project. Supposedly, the platform will provide apps and market analysis on trending crypto coins.
Besides affiliate membership packages, crypto funding investments, and profit cyclers, Waytermine provides a crypto blog. The blog section shares mining updates and crypto coin valuation.
Watermine Review: despite its position as a blockchain pro, the company does not publish proof of its license acquisition. Instead, it plunges straight into listing earning options.
Watermine Review: Crypto Mining
The most glaring value on the Watermine investment trolley is the advanced crypto mining tech it advertises.
How does it work?
Watermine Review: unless the company has a P-2-P digital stamp that compares to SHA-256, it cannot offer its publicized crypto mining.
Mining cryptocurrencies involves much work. A crypto miner uses up-to-date processors to solve reverse captcha programs. The process isn’t only difficult, but it also consumes time and electricity.
Since the SHA 256 hash function stands the test of time as a tamper-proof network, it shields bitcoin owners from avoidable frauds. The success of the bitcoin blockchain, however, depends on the following points:
Miners’ GPU hash rate (also used to brute-force SHA-based passwords)
Difficult Proof of Stake/Task.
Unique cryptographic hash
Indexed transactions based on hexadecimal bits
The features above define SHA-256 bitcoin’s irreversible transactions. Also, SHA-256 Bitcoin encryption has not been replicable since its creation. Various programmer groups offer rewards for possible SHA 256 hacks but none has been claimed.
Watermine states that it has offshore farms that will make up for costs and the tech involved in SHA Cloud Mining. Being an MLM platform, it typically offers no information about how its SHA 256 project works.
Our Watermine Review also finds that the company merely focuses on its Affiliate PR networks. You can see the Affiliate package in the next section.
This section of our Watermine Review briefly explains the Watermine Affiliate package as appeared on the platform. All attempts to reach the webpage for Watermine Affiliate entry price prove futile, though. So, the following list only shows all the four-level packages and their tallied profits.
Starter Plan/Package _ caps at just over 20% ROI accruing over 2% daily bonus.
Advanced Plan/Package _ caps at 20%-22% ROIs accruing over 2.2% daily token.
Premium Plan/Package _ reaches peak profit at 20-22% ROIs accruing over 2.4% daily profits.
Golden Plan/Package _ reaches remittance at 20%-22% ROIs accruing over 2.6% bonus per day.
Moreover, ore Watermine Review infers the following membership subscription prices from customer reviews online:
$10-$100 earns you the Starter Affiliate Package
The Advanced Package is available for $100-$1000
Watermine Premium Plan sells for $100_$300. And lastly,
You need at least $250 to buy into the Golden Package.
Note that all validity periods exhausts after three (3) months. After that, the company requests a recommitment deal at the same tallied price per membership package.
The following section of our Watermine Review briefly explains the Affiliate compensation structure of Watermine.
Affiliate Compensation Plan
The company uses unilevel cyclers to award affiliates for membership recruitments on the platform. Below is how it works:
8% is ceded to Level 1
6% bonus for Level 2
4% for Level 3, and lastly,
2% for Level 4.
Despite its phony representation as an offshore brokerage for crypto cloud mining, Watermine is a proven Ponzi platform. See the next section of this Watermine Review for more details.
Our Watermine Review concludes with this section about the credibility of the so-called crypto mining company.
Watermine does not list its trade license on its website. Previously, the company attached a certificate of incorporation to its About Us webpage. But that does not suffice for proof of regulation from appropriate agencies.
Also, Watermine’s supposed incorporation involves a private establishment in the UK. If nothing else raises concerns about its incorporation ruse, Watermine’s unregulated securities are an issue about the platform.
Currently, though, the website is down and all withdrawal request from Watermine are suspended.