{"id":12396,"date":"2020-12-10T22:19:21","date_gmt":"2020-12-10T21:19:21","guid":{"rendered":"https:\/\/setaffiliatebusiness.com\/?p=12396"},"modified":"2024-02-01T20:02:37","modified_gmt":"2024-02-01T19:02:37","slug":"purple-mining-review","status":"publish","type":"post","link":"https:\/\/setaffiliatebusiness.com\/cz\/purple-mining-review\/","title":{"rendered":"Purple Mining Review"},"content":{"rendered":"

In this Purple Mining Review, I am going to walk you through this company, so by the end of this post, you will know for sure whether it is worth investing in or not. <\/p>\n\n\n\n

I am glad you do your research on Purple Mining. There are many people that fall for scams and for claims that sound too good to be true. <\/p>\n\n\n\n

How about Purple Mining? <\/p>\n\n\n\n

Is this a scam or legit? <\/p>\n\n\n\n

Let’s get right into it.<\/p>\n\n\n\n

Disclaimer<\/strong><\/p>\n\n\n\n

Please note, that I am not a member or an affiliate of Purple Mining. This review is based on research and information available online in the public domain. <\/em>
Any recommendations and conclusions are only opinions and may not apply to all persons or situations.<\/em><\/p>\n\n\n

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Purple Mining Summary<\/h2>\n\n\n\n

Jm\u00e9no: <\/strong>Purple Mining
Website: <\/strong>www.purplemining.ltd
Price to Join<\/strong>: Free but in order to be in the game, the minimum amount to invest is 0.0005 BTC
Recommended:<\/strong> No!
I recommend Affiliate Marketing. Check the Pros and Cons of both business models (Affiliate Marketing vs. MLM<\/a>).<\/p>\n\n\n\n

Purple Mining was a company promising you high returns. Apparently, you can earn from 200% to 1,000%!<\/p>\n\n\n\n

The company is not clear on who runs it and its address is most likely a fake address.<\/p>\n\n\n\n

Purple Mining was just a new type of Ponzi Scheme that already collapsed.<\/p>\n\n\n\n

Just skim over the article just to find out what are the signals of such a Ponzi scheme. <\/p>\n\n\n\n

Meanwhile, let me share with you what is the legal way how to create consistent income online: <\/p>\n\n<\/div><\/div>\n\n\n

What is Purple Mining?<\/h2>\n\n\n\n

Purple mining is sort of an investment company. I say sort of because soon you are going to find out that it is not what it looks like. <\/p>\n\n\n

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\"Purple<\/figure><\/div>\n\n\n

I mean, they promise you a 1000% ROI in a week!. 
This is freaking ridiculous. <\/p>\n\n\n\n

According to their website, this is supposed to be the best cryptocurrency mining platform. <\/p>\n\n\n\n

Let me assure you that it is not and right from first sight this looks like a Ponzi Scheme. <\/p>\n\n\n\n

But let’s check a bit further.<\/p>\n\n\n\n

Apparently, their headquarters is in London in the Gateway Business Centre. <\/p>\n\n\n\n

Most likely this is a fake addres, which reminds me of another scam, called PetronPay<\/a>. <\/p>\n\n\n\n

Who Runs the Purple Mining?<\/h2>\n\n\n\n

We don’t know who is behind this company. <\/p>\n\n\n\n

There is no information about the founders, nor the CEO. <\/p>\n\n\n\n

We only know that the company is registered as a Private Limited Company in October 2020. <\/p>\n\n\n\n

The same applies to their website. 
It was registered only a few months ago, on the 29th of September, 2020. <\/p>\n\n\n\n

Is Purple Mining a Pyramid Scheme?<\/h2>\n\n\n\n

Here are the typical signs of a pyramid scheme<\/a>. <\/p>\n\n\n

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\"Is<\/figure><\/div>\n\n\n

Well, Purple Mining is promising you a large income every week, it requires you to invest your money (in this case Bitcoin). <\/p>\n\n\n\n

It also sounds too good to be true so with that being said, Purple Mining is a Pyramid Scheme (Or Ponzi Scheme, if you will). <\/p>\n\n\n\n

They even say that you can’t lose money. <\/p>\n\n\n

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\"Purple<\/figure><\/div>\n\n\n

I am sure you know that legit companies must let you know that every investment is risky and the chances that you lose money are pretty high. <\/p>\n\n\n\n

That’s why the claim in the Purple Mining FAQ section is ridiculous.<\/p>\n\n\n\n

How Much to Join the Purple Mining<\/h2>\n\n\n\n

Everyone can join Purple Mining for free.<\/p>\n\n\n\n

However, if a person wants to “play this game” he or she must invest at least 0.0005 BTC. As of this writing, this equals to $9.20.<\/p>\n\n\n

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\"Purple<\/figure><\/div>\n\n\n

As you see, the largest amount to invest is 100 BTC (more than $1.8M). <\/p>\n\n\n\n

Compensation Plan<\/h2>\n\n\n\n

There are 2 ways on how to make money with Purple Mining. Please keep in mind that the following figures are just hypothetical since a person who invests in Purple Mining will never see his money back. <\/p>\n\n\n\n

According to their website, one can invest:<\/p>\n\n\n\n