Virtual Mining Farm Review:
Virtual Mining Farm is a cloud-based service that offers its affiliates to invest in mining bitcoins without having to manage expensive hardware to do it. Since the hardware is cloud-based and entirely managed by the company, investors are really attracted to mine bitcoins for a fee without having to understand any technical concepts lying behind it.
Mining bitcoins is not an easy task which could be done by any individual, cashing in on the opportunity, companies have launched bitcoin mining services for a fee that promises to give the customer good returns for a fixed fee.
Several companies offer genuine bitcoin mining services. Therefore Virtual Mining Farm on paper could also be a legal company offer the before-said services. But, is Virtual Mining Farm one of them? That needs to be seen with a closer look.
Virtual Mining Farm is legit – on paper!
Virtual Mining Farm’s website claims to do nothing illegal or unethical, thereby, if one has to go by the website, what they’re offering is far from being illegal or unethical. However, when looked closer, all sounds to be not so good. Questions are immediately raised when a bitcoin mining company follows an affiliate marketing structure – paying commissions to affiliate and maintaining the hierarchy and all that. Also, what’s surprising is Virtual Mining Farm is not charging a maintenance fee for mining, which is common among bitcoin mining companies because they have to maintain cloud hardware costs and make profits.
However, in Virtual Mining Farm’s case, there’s a flat fee for becoming a part of it, and no recurring charges are to be paid by the customer. Thus, another question comes to your mind: how is the company able to generate income? When dug deeper, it is pretty clear that Virtual Mining Farm is generating income by following the MLM model of business and is offering affiliate commissions to the members.
Are affiliate commissions illegal?
Affiliate commissions are not illegal, per se. They’re just commissions paid to an affiliate marketer who has referred a customer to your products and services. It’s more like a finder’s fee for identifying and referring a customer. However, Virtual Mining Farm does not have any credibility to run such a model of business. Also, the existing customers who were promised regular income from bitcoin mining are not being paid as promised. This makes it stand out like a scam.
Anonymity for an MLM company isn’t assuring
Virtual Mining Farm has announced that it provides anonymous services to its customers. But, there is no clear explanation as to why an MLM company wants to provide a legal service anonymously. Thus, the affiliates who are joining the company aren’t aware of their upper levels and leadership. If it isn’t for a scam, why wouldn’t Virtual Mining Farm declare their credentials and business information clearly? Their About Us is practically non-existent, which is truly a bad sign for an MLM business.
Therefore, the risks are entirely laid on the customers who are opting for the VMF services. Also, there are allegations that even existing customers are not being paid as promised. But we can’t completely attest to the allegations, a risk-taking individual can buy the company’s service via an anonymous affiliate and see for themselves if the system really works as the Virtual Mining Farm claims.
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