Ostmine review _ all official website, ostmine.com, shows is the registration page leaving little room for Company Description. But trust PR to do the explaining to get people to click on their affiliate links.
One site says that Ostmine lends Cloud mining rigs for the price of a membership subscription. Members with valid subscriptions can earn returns (should be realized from the cloud mining business on the backend) depending on their level of affiliation. Models have been claimed for brands under different company names.
Whether the correct name format is OST Mine or Ostmine, a .com domain is a direct portal to the site’s registration page.
This is the point.
You can get ROI with the power of the online random PR moniker, while the backend is just an MLM bonus grid template. (We’ll explain how it works later)
Alternatively, Ostmine may actually have a legitimate facility that generates sufficient returns to power the company.
Regardless, you can’t be too careful with high-yielding ROI vendors, especially after ripoffs like Rackstaerli and Norderworks. People know, and every piece of MLM thread in Nigeria deserves a little cynicism.
It’s not that one can’t passively benefit from a decent saver like Piggyvest. But most people prefer places that offer the greatest plums at a low cost. Generating high ROI with low investment in a short period of time is how HYIPs work.
Here’s what the US SEC has to say about HYIPs and their variants.
Anyway, our Ostmine Review highlights some of the advantage options in this scheme. Read below for details.
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Ostmine Review: How to Make Money on the Site
It is assumed that the OST Mine makes a profit from the channel outlined below _
- Industry-leading technology (although this promoter doesn’t go into specifics);
- Mining Power (should be a crypto mining pool); and
- Wide application.
In turn, the facilities and other fronts run by the executives must generate stable and sustainable income and a high ROI low risk per affiliate level. The preferred withdrawal option is via USDT.
As mentioned earlier in this Ostmine Review, all the talk is about letting mining space come down to the ROI it can take per valid investment period. You can see the affiliate compensation scheme below.
The minimum deposit is $12 which generates $30 (40% ROI) after thirty (30) days.
1 year (valid for a period of 365 days at a price of $1000) _ earns $11 per day
900 dollars (365 days) _ earn 10 dollars per day
800 dollars (365 days) _ earn 9 dollars per day
700 dollars (valid for 365 days) _ earn 8 dollars per day
500 dollars (valid for 365 days) _ earn 7 dollars per day
150 dollars (valid for 90 days investment period) _ earn 7 dollars per day
50 dollars (valid for 60 days investment period) _ earn 2.5 dollars per day
30 dollars (valid for a 60 day investment period) _ gets you 1.25 dollars per day
20 dollars (valid for 45 days investment period) _ earn 1.2 dollars per day
12 dollars (valid for 30 days investment period) _ earn 1 dollar per day
Checking ROI consistency, top-tier investments of $900 and $800 (both divested for 365 days) gross 1.11% and 1.125% ROI, respectively, meaning that the scheme is not stable at all.
Furthermore, bank and USDT withdrawals are pegged at $3 and $1. Below are other advantage options on the site.
Bonus Cycle (Unilevel Grid)
Our Ostmine review found a typical MLM bonus grid (uni-level matrix) on a PR site (remember that ostmine.com is just a Login page).
Below is how it works.
MLM’s uni-level structure assigns top positions to affiliates upon registration. Affiliates can initiate other levels by personally recruiting members to Level 1. Similarly, Level 1 affiliates start Level 2 by recruiting people to purchase membership packages.
Each member in each level is part of a branching grid, which continues to infinity.
Our Ostmine review found that the platform only pays three Levels of top affiliates, attaching weighted profits to downline volume. Below is the percentage return per referral rate.
2% at Level 3
5% at Level 2
10% at Level 1
To join the company, pay a minimum membership deposit of $12.
Check out the red flags we found about this company.
Red Flag _ Zero Proof Backend Investment
The best way to offer online shoppers is to provide at least one verifiable proof that the product is legit. Another way to do this is to record experiences and share them as testimonials on websites.
Search Ostmine.com. No real investment goes offline. The company only states allow cloud mining rigs. Ergo, people are starting to throw their money into business.
Nigeria has a ready sample of corrupted fraud platforms, some of which are from Europe (MMM) or possibly South Africa.
Recently, the Nigerian Sec warned about Pilvest, warning people about the shady deal that it touted as a passive profit gold mine for Nigeria. Wales Kingdom Capital went bankrupt (or just forged funds and ran away), leaving investors in despair.
Our Ostmine review notices one trend with this mountebank ROI. That is, they have no investment in the field.
Get rid of the current ROI mode, and Mine’s OST becomes very similar to other crops after it.
Additionally, if a company offers investment securities in any jurisdiction, it requires an SEC license to operate.
OST Mine will pay the return on (investment) the package held by the member for a period. Such contracts fall within the purview of the Nigerian SEC, under which OST Mine must index its company brand, and type of business, and provide full disclosure.
Apparently, none of these things can be verified from the site. Ostmine’s CEO is anonymous, and the company is negligent about SEC compliance.
You should think about this if you are planning to invest in this scheme.
In addition, our Ostmine Review found unrealistic returns promised to members.
Ostmine trimmed the numbers (1.11% and 1.12%) slightly to follow the Ponzi marker outlined in Nigerian SEC page under.
It doesn’t make ROI realistic.
Ostmine Review _ Is it Safe?
Neither the Ostmine CEO nor the company’s disclosures could be verified to the public.
But here’s another nut to crack about this cloud mining jumble.
At the time of writing, our Ostmine Review was unable to access the platform due to IP address blocks, which implies PR traction is a surreptitious VPN byproduct. So you will be risking funds in a chance to get 40% ROI from this kind of company.
The double hit of non-compliance and IP blocks already makes OST Mine insecure (if only for Nigerian users). Don’t fall for the scam.
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