Now Mining Review – Part of Genesis Mining or Big Scam?
Welcome to my Now Mining Review!
There has been some buzz about this business opportunity lately and I decided to investigate what the company was about…
Chances are someone approached you about the business and now you landed here to make sure it’s actually legit right?
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision…
All I ask of you is to pay close attention and read this to the end…
Now Mining Review – Company
Now Mining is run by Luis Ortega who is the companies CEO and is based out of London, UK.
Only thing I found odd was that when I did a UK incorporation search, the company name didn’t pop up…
Now Mining website domain “nowmining.com” was privately registered on July of 27th, 2017.
At least they do clarify who the CEO is unlike so many of these types of companies.
Luis Ortega is based out of Arizona, USA and doesn’t seemed to be involved with network marketing in the past.
The truth is that it looks like Now Mining is operating from the USA and even had their official grand opening on December 9th in Phoenix Arizona.
According to Alexa (traffic site), they are getting 64% of their traffic from the USA as well…
So how is Now Mining connected with Genesis Mining?
Oz Fuentes did a webinar call where he mentions Now Mining is the official marketing arm of Genesis Mining:
[4:23] I found out that Luis had been working with Genesis Mining for about three years.
He’s been consulting for them, Genesis Mining. And he was chosen to be the President of CEO of Now Mining, who is the marketing arm for Genesis Mining.
Genesis Mining is a four year old company, debt free.
They’re worth about two billion dollars. They’ve mined about a hundred thousand bitcoin so far.
And they decided to launch their network marketing arm, Now Mining.
I couldn’t find any other information that links these two companies together…
Anyway, that’s all I got on the company, let’s take a look at the products inside of this Now Mining review…
Now Mining Reviews – Products
Now Mining for some reason doesn’t have any retail products or services for sale, but you can access them as an affiliate.
You can also promote the affiliate membership as well…
Overall it’s different compared to a company I reviewed earlier called Monyx.
Now Mining Compensation Plan
Show me the money right?
Now Mining has a few ways to pay you…
- Referral Commissions
- Residual Commissions
Let’s break these down…
You can invest up to $100,000 on a promise you will get a daily ROI for the next 280 days as follows:
- 1/30 Mine – $100
- 1/6 Mine – $500
- 1/3 Mine – $1000
- 1K Mine – $3000
- 5K Mine – $5000
- 10K Mine – $10,000
- 15K Mine – $15,000
- 20K Mine – $20,000
- 30K Mine – $30,000
- 50K Mine – $50,000
- 100K Mine – $100,000
There are no specific ROI rates, but Oz Fuentes did talk about how you can expect around 1% per day
With 1% per day, that will make it around 280% ROI within 280 days…
When you personally sponsor someone in this business, you can get up to 20% commissions on their investments.
You can get up to 15% when your personally sponsored members reinvest in higher packages…
All residual commissions are paid out through a binary compensation plan structure…
At the end of every day, Now Mining adds up all the investment volume from both sides of the legs and pays you on the lesser leg.
Any left over volume gets carried over…
You get paid according to how you invested:
- Invest in a 1/30, 1/6, 1/3 or 1K Mine plan and receive a 14% residual commission rate
- Invest in a 5K, 10K or 15K Mine plan and receive a 16% residual commission rate
- Invest in a 20K or 30K Mine plan and receive an 16% residual commission rate
- Invest in a 50K or 100K Mine plan and receive a 20% residual commission rate
Daily Trading bonus
Now Mining gives you extra daily bonus through trading if you decide to keep your money in for 280 days…
Cost To Join Now Mining
The cost to joining Now Mining is actually free, but you must put in $100 investment if you want to get paid a daily ROI…
The moment you have been waiting for inside of this Now Mining review…
Verdict On Now Mining
Unlike some of the other companies I reviewed in this space, at least they mention who the CEO is…
I don’t know what they talk about how they are in the UK when they clearly are not…
Too many sources are pointing to the USA…
The problem with Now Mining offering this to US residents is simple…
This is a type of security and they need to be registered with the SEC to sell them.
So if they are NOT registered, then they are illegal in the USA.
Another thing to look into is do they show proof of this mining and trading.
A lot of companies claim they do, but could never prove it which is a big red flag…
In addition, how are they connected with Genesis Mining which is a real mining facility?
They have not showed any proof of that either…
Right now there are TOO many red flags and Now Mining needs to start addressing them.
If they can, then great!
If they can’t, I wouldn’t recommend joining.
I hope you enjoyed my Now Mining review and if you have any questions, please leave them in the comments below…
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