Review of : GoldenMines.net and Biz
Use : Ponzi Scheme
- Payment processors : PAYEER
- Minimum withdrawal : Must have invested at least 1$ or have an active referral who did
- Minimum deposit : 1$
- Was paying before
- Ponzi scheme
- Not payinig anymore
- Same creators/owners than FaucetCows
- Need to invest
- 1 What is GoldenMines about?
- 2 Is it a scam or is it legit?
- 3 What I like about it
- 4 What I don't like about it
- 5 How can you make money from it?
- 6 Some things you should know before investing time and money
- 7 My personal experience with
- 8 What others are saying about it
- 9 What is the best option to make money online ?
- 10 Over to you :
What is GoldenMines about?
It’s a website where you can hire gnomes, mine ore units, convert ore into gold and convert gold into money.
There’s really nothing complicated about it, once on the website you’ll find your way around really easily.
The catch? Well, to withdraw your money you need to invest in it. And guess what? You might never see that money again.
Is it a scam or is it legit?
It acts as a ponzi scheme. Most recent members invest in the site to get started faster and/or be able to withdraw. The site owners/managers then use this money to pay prior “investors” and can get the scheme rolling that way.
People post payment proofs, are excited about getting paid for doing nothing so they promote the scheme and etc.
For a brief period of time (or a long one, depending on how it’s run), they can manage to keep the scheme up and running. But eventually, it all falls apart. Either because they lack new investments or, in the case of GoldenMines, because some members start generating too much gold on a regular basis.
Because the system is exponential, investments can’t follow up. It was only a matter of time before the system collapse. Bravo to those who took something out of it, sorry for those who lost money in it and for those who didn’t invest already, don’t.
What I like about it
Mmm, the idea of making money doing nothing?
What I don't like about it
All of it. First of, they advertised it as a free “game” to play and make money from. When in fact, it’s an investment scheme. Never a good sign when they need you to invest in order to get money out of their system.
I find it funny (strange?) that they made a couple of versions of their site, claiming it’s for different currencies.
I also was wondering, is this going to protect them?:
It doesn’t take a genius to understand that one day or another, this scheme would have collapsed, right? When you look at it, as time goes, you can ONLY get more gnomes and mine more gold. Even tho you don’t invest more, you still have more and more gold regularly and it only grows faster and faster. And that’s for each and everyone taking part in it.
Honestly, I’m impressed they succeeded in running those GoldenMines websites for almost 2 years.
Looking To Earn Money From Home?
The Best Options Sorted By Category
Tired Of "Trying"?
Let me walk you through the simple steps you should take in order to make real money online.
How can you make money from it?
The idea behind it is to hire gnomes, to mine units of ore each hour and then convert that ore into gold coins. A part of the mined gold can be used to buy more gnomes (to mine more) and a part is going in the “withdrawal” account.
I’ll show you my account as example:
We’ll only look at the “Professional” gnomes at the bottom for simplicity sake. At the moment of writing this article, I’m at 257 gnomes that mine 965 units per hour each. That’s 248 005 units every hours. 100 of these units equal 1 gold. So, every hour I’m mining 2480 gold, only from these gnomes.
Now, if you convert this gold into money, it’s another 1/100. In other words, I’m making 24.8$ on autopilot every hour, only from my Professional gnomes. Does it sound like it can be true lol? And going forward, I’ll only be making more and more, exponentially.
Take a look at what I can withdraw:
Some things you should know before investing time and money
Time isn’t the issue here. Before investing a single dime in this site, I hope you understand you’ll more likely than not never see that money again.
When something looks too good to be true, it usually is.
My personal experience with
Well, if this was a legit thing, I’ll be making more than 25$ per hour on autopilot, 24/7/365. What a bummer.
What others are saying about it
What is the best option to make money online ?
Over to you :
What’s your take on this GoldenMines thing?