Hi there! In this article, we will be looking into the details of GoSolar mining; this is a complete in-depth review about this company. It is one of the latest companies to pop out of nowhere, so we will be looking into whether or not this is a suitable opportunity for you.
What exactly is GoSolar Mining?
GoSolar mining is a self-proclaimed online crypto currency mining service, and it grants you a unique opportunity to discover a new revenue stream. You can monetize renewable energy investment, through the help of crypto mining.
GoSolar mining provides little to no information about who runs or owns the company. The website has said that this company has expanded financing to individual clients since the year 2017.
One of the weirder aspects of this company was that this website was not registered until November 2018. The information is not double-checked on the site and is proven to be fake. The address mentioned on the website is not a real address but, in fact, a virtual office that belongs to the company, Regus.
When a networking company is not transparent about who is running or owning the company and you should check twice before putting your hard-earned money into it.
What is the cost upfront to join GoSolar mining?
The affiliate membership for joining GoSolar mining is free. In case, if you want to be a part of this investment opportunity, you have to be prepared to shell out at least $200.
What are the products offered by GoSolar mining?
The company, GoSolar mining does not have any retail products or services, but only has an affiliate membership. The compensation plan offered by the company, GoSolar mining involves you to join the affiliate program. Once you are an affiliate, you can gain access to services as well.
The affiliates of Go Solar mining must invest in funds, where they will get some form of return on investments. Some of the different plans offered by this mining company are:
- The Benjamin Franklin plan
- The Thomas Edison plan
- The Nikola Tesla plan
How do referral commissions work in GoSolar mining?
There are many different referral commissions which are inside Go Solar Mining, and it is paid through a uni-level compensation plan:
A uni-level compensation plan helps to put the affiliates at the top of a uni-level structure, and every single sponsored branch is placed under it. When a level 1 affiliate sponsors a new member, then they are put on level 2 of the affiliate’s unilevel team. Any level 2 members can sponsor new members; they are placed on level 3 and so far.
Much Go Solar mining companies with commissions which are paid as a percentage of downlines which are invested in funds, across four levels:
- The Benjamin Franklin plan investment pays 15% on level 1 with personally sponsored affiliates and 10% on level 2.
- The Thomas Edison plan investment pays 15% on level 1 with 10% on level 2 and 5% on level 3.
- The Nikola Tesla plan investment pays 20% on level 1, 15% on level 2, 10% on level 3, and 5% on level 4.
In conclusion, this has been a conclusive review of GoSolar Mining. The question of the hour is whether the business is a scam or not? The first and foremost point to consider is that nobody knows who runs or owns the company.
This is a big red flag in anybody’s books and should give you an understanding of the company. Would you drop $25,000 into a business where you have no clue about who runs the company?
Another issue lies in fact, that there are no retail products or services, and to get any assistance, you must become an affiliate with the program. This is most likely seen in a pyramid scheme, and a majority of the people have no idea whether mining is happening.
Even in case you are mining, you understand that it is a passive opportunity which should be registered with some securities authorities. The only thing that is happening is that newly invested funds are paying off existing members.
This is a clear indication of a Ponzi scam and also lets us understand this, if a business can achieve these kinds of crazy returns, then there would not be any need for any affiliates. Due to all of these red flags, it is not recommended to be investing in this company.