Sunmining.energy is an investment website that promises insane returns which ranges from 80% to over 200%. This platform is said to be involved with cloud mining.
However, if you look closely at their narrative and operational model, you will find nothing but empty promises. Creators of this so-called crypto investment firm are unknown. Moreover, this firm is not regulated in any region.
In simple words, when this pyramid scheme inevitably bites the dust, all of the investors will lose money for sure. By using aggressive marketing tactics, the crooks are targeting a lot of newbies in the space and are covering up their tracks pretty well.
If you are interested in learning more about the way this hustle works and the reasons as to why you need to avoid it, continue reading.
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Regulation and Contact Details
The crypto space is somewhat of a loose canon when it comes to regulation. Due to the loopholes present, scammers flock to it and you need to be extremely careful while navigating this sector.
Sunmining.energy is an unregulated entity and they have no right to raise money from the public. They are clearly on the wrong side of the law. Unfortunately, people are not aware of the ground reality which makes them extremely vulnerable to this type of hustle.
If you take a look at the contact details put up by them, you can easily find out that they are trying to keep a low profile. Phone number and physical address are not revealed which should give you a clear idea about their agendas.
Isn’t the way they lie about themselves too obvious?
Sunmining.energy Business Model Explained
Sunmining.energy claims to make money via cloud mining. Note that cloud mining is legit and there is room to make consistent revenue. However, it is not easy and requires a lot of capital.
This firm claims to use advanced mining equipment to achieve higher returns, but the specific details are missing. For example, we do not know what kind of costs they incur. Location of their mining farms are not revealed.
Basically, there is no shred of evidence to back up any of their claims. As the uncertainty is too high, ask yourself, is it worth it to even proceed with them? Aren’t the broken ends in their story too easy to spot?
Profit Potential
This firm claims to generate upto 200% returns per month. While their claim sounds good in theory, it will never unfold in the cloud mining niche unless the competition and electricity costs go down drastically which is very unlikely.
Creators of this bogus portal are exaggerating the profit potential just to attract people and convince them into depositing. If anyone decides to move forward with them, then they will be ruined financially and emotionally. Whenever you come across an enticing offer, always think rationally and never let impulsiveness get the best out of you.
Sunmining.energy User Reviews
We did search for the user reviews and were surprised when we found positive ratings about this platform on Trustpilot. However, not everything mentioned there was something that we can blindly believe in.
First of all, the comments appear to be from bogus accounts.
Secondly, there is no way to verify whether people are actually making money with them.
Lastly, on social media platforms, the comments appear to be mixed.
In other words, the ambiguity present is too vast and as such, you should never proceed with them for any reason. After all, if they really helped people gain riches, why wouldn’t clients express their views about their experience?
Is Sunmining.energy a Scam?
Undoubtedly, Sunmining.energy is a scam. The kind of flaws they exhibit are way too many and clearly, they are not obeying the rules in any way.
Creators of this firm are crooks and they do not care about anything apart from moving funds from your pocket to their bank accounts. Also, the referral plans are aggressive which means they have the highest possible level of conflict of interest.
Given everything about them, isn’t it better to look at the regulated options that ensure your safety?
Review Conclusion
Crypto space in general has way too many vulnerabilities. Retail investors need to be careful while moving money into these products. Doing research is a must and for best results, never deposit funds to any platform without talking to your financial planner.
If you have any experience with the Sunmining.energy Scam, we are all ears!
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