In this Review, find out if you can legitimately earn and mine for a passive 3% daily income opportunity or not. Good or waste of time?
Let’s find out…
MineLab The Company:
There is no information about who owns or runs this company, platform and system on their website.
Who ever is running it is doing their best to stay ‘hidden’.
The Minelab website (minelab.bz) was privately registered and created on May 29, 2023 and set to expire in 2024:
148 days old
Created on 2023-05-29
Expires on 2024-05-29
Updated on 2023-07-28
According to them…
Mine Crypto Simply
earn daily up to 3%
The fastest way to mine cryptocurrency.
We are based in the United Kingdom.
They claim to generate revenue to pay investors a passive ROI through ‘Cloud Mining’.
Cloud Mining is:
Cloud mining is a process where individuals participate in the mining of cryptocurrencies, such as Bitcoin, without needing to own or manage the mining hardware themselves. Instead, users pay a fee to rent mining capacities from a company that owns and manages the mining hardware and process.
However, there is no proof MineLab actually has any contracts with Mining Facilities nor do they show any verifiable Mining Facilities that they are partnered up with.
MineLab License and Registration:
In a bid to look like a legitimate investment opportunity, they have included a UK Companies House Registration:
MINELAB LTD
Company number 14920201
Unfortunately a UK Inc Certificate is worthless and meaningless as it isn’t a replacement for Securities Registration.
All companies offering the public a passive ROI that are claiming to be based out of the UK have to be registered with the UK FCA.
MineLab isn’t registered or legal.
On the footer of their website, they have included an address:
Unfortunately this address goes to a residential location (apartment complex) and doesn’t seem to have any affiliation with a business or Mining Facility.
Watch This Video for a More Indepth Review:
MineLab Compensation Plan:
Passive investors invest their crypto for a promised daily ROI.
Minimum Investment: $8
Maximum: Undisclosed
They accept payments in BTC, USDT and ETH.
Minelab.bz Network Marketing Plan:
Affiliates can earn referral commissions as follows:
3 Level MLM Unilevel Comp Plan:
Affiliates and Distributors can earn more if they rank up to a ‘Representative’ level and earn:
Level 1- 10%
Level 2- 3%
Level 3- 2%
Unfortunately they are not listing the requirement to reach that Representative Rank.
MineLab (minelab.bz) Conclusion:
I don’t recommend them.
Why?
Too many red flags:
1- Anonymous Owners
2- Not Registered
3- No Proof of Cloud Mining
4- No Proof of Revenue outside of Network Marketing
5- Unsustainable ROI
Lastly…
If these guys at MineLab could actually come up with a way to make 3% daily on their own, why would they need an MLM Comp Plan?
Once Network Marketing Recruitment dries up, this scheme will collapse leaving the majority of passive income investors in deep losses.
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-Rory Singh
EX Canadian Truck Driver
I used to work up to 80 hours per week, away from my home and got fed up with that lifestyle. I came online, plugged into a system, followed the steps in training and started creating a part time income. Eventually I got really consistent and replaced my income entirely online and only have to work a couple hours per day.