TRXMiner fails to provide information on who owns or runs the company on its website.
TRXMiner’s website domain (“trxminer.fun”), was registered on September 8th, 2022.
Konstantin Ostrovskiy is registered as the domain owner, through an incomplete address in Sverdlovskaya, Russia.
Whether those details are accurate or not is up in the air, but TRXMiner does appear to have ties to Russia:
The Central Bank of Russia issued a TRXMiner pyramid fraud warning on September 6th.
The warning reveals TRXMiner originally operated from the domain (“trxminer.pro”), registered on August 26th.
Today “trxminer.pro” redirects to TRXMiner’s newly created .FUN website. Changing domains appears to be a direct response to CBR’s TRXMiner fraud warning.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
TRXMiner has no retailable products or services.
Affiliates are only able to market TRXMiner affiliate membership itself.
TRXMiner’s Compensation Plan
TRXMiner affiliates invest tron (TRX) on the promise of a 10% daily ROI.
Invested TRX is locked up for 1 year (365 days).
TRXMiner pays referral commissions on invested tron down three levels of recruitment (unilevel):
level 1 (10%)
level 2 – (2%)
level 3 (1%)
TRXMiner affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 100 TRX investment.
TRXMiner represents it generates external revenue via tron mining.
TRXMINER is engaged in the extraction of the TRX cryptocurrency.
We have a large mining farm that brings in more than 1,000,000 TRX every month.
In addition to there being no evidence TRXMiner generates external revenue of any kind, its claim fails the Ponzi logic test.
If TRXMiner already has a mining farm pumping over over 1,000,000 TRX a month, what do they need your money for?
Behind trading, mining is the second most common ruse in MLM crypto Ponzi schemes.
As it stands, the only verifiable source of revenue entering TRXMiner is new investment.
Using new investment to pay a daily 10% ROI makes TRXMiner a Ponzi scheme.
As with all Ponzi schemes, once recruitment dries up so too will new investment.
This will starve TRXMiner of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 14th September 2022 – TRXMiner has collapsed.
Sometime over the past 24 to 48 hours access to TRXMiner’s website has been disabled.