Welcome to my Mining Up review! If you are wondering is Mining Up a scam or a legit way to mine some crypto, I'm here to help you find out.
First of all, I want to congratulate you for taking the time to research before jumping on an opportunity. It's the only way to find the legit business opportunities and to avoid all the scams.
The chances are that you wound up here because someone recommended you to either invest in Mining-up or to join the MLM business opportunity.
The cryptocurrency space is full of scams, Onecoin being probably the most famous one, so hearing about cryptocurrency mining probably got your alarm bells ringing.
But cloud-mining is a real thing and a large industry these days. So the question is if Mining-up is a legit cloud-mining operation. Read on to find out!
Before we continue, I want you to know that I'm not affiliated with Mining Up in any way or form. I'm no including a referral link or anything like that.
I just check out online business opportunities and share my findings with my readers. My site is about finding the best ways to create honest and sustainable income streams that allow you to work on your own terms.
That's why I also recommend products that I truly believe in and have found useful myself. I also earn commissions from them. I want to be completely transparent about this because I believe in the products I recommend and offer my full support if you end up buying them. Of course without any extra cost to you.
What Is Mining-Up
Mining-Up is a brand new cutting edge cloud-mining platform that includes an MLM business opportunity. The company is based in Tallinn, Estonia.
The idea of the company is to make cryptocurrency mining available to everyone since it's not really lucrative with home-based setups anymore.
If you are not familiar with cryptocurrency mining, it's a process where computing power is used to solve mathematical equations that are used to verify transactions between users within the blockchain.
The whole topic is way too complicated to go in-depth here but the reason why people are interested in mining is because when you solve an equation you actually receive a fraction of the cryptocurrency.
The calculations are of course done on automation by computers and they are extremely resource-demanding. That's why during the original Bitcoin boom people started buying high-performance Graphics adapters to convert them into solving the Bitcoin blockchain.
The problem is that the high-performance CPU and GPUs take up a lot of power and the costs of the electricity can be quite high.
These days mining has become an industry and in most cases trying to mine cryptocurrencies with a home setup will not be profitable, because the expenses from the power consumption will exceed the profit. Or the margin is so small that you'd never break pay out your original investment in equipment.
The solution to this problem is cloud-mining. Huge server farms that have vastly improved efficiency and computing power compared to home setups, ran by professional miners.
So what Mining-Up offers to consumers is the possibility to invest in their computational facilities. Mining-up uses those funds to mine cryptocurrencies and distributes the profit among the members. They need the consumer's funds because mining is expensive.
They are actively engaged in mining Bitcoin and promising altcoins. They apparently use specialized advanced equipment to mine with superior performance.
They have currently about 175k clients and have paid out over 92.6 BTC. That's about 900 000 dollars at the current rate by the way.
Mining Up also uses the MLM business model to grow its customer base. I'll talk about the MLM opportunity in more detail a bit later on.
People Behind Mining Up
I always like to check out who's the founder or leader of the company whose services or products I'm reviewing.
Director and head of development of Mining Up is a man named Mart Ruus who you can see presenting Minin Up in this video:
There isn't really more information about the company on the website. There is just a contact address that's located in Tallinn, Estonia. Since cryptocurrencies are all about anonymity, I kind of understand this practice.
Google searches didn't return any clues either, so feel free to contact me through the comments section if you have any more information on the background of the company.
How can you make money with Mining-UP
So how can you make money with Mining Up? Well, there are basically three ways. You can become their customer and invest in mining.
You can also refer people to get commissions. Since it's an MLM, you can also earn by recruiting people beneath you and earning a share of their revenue.
To participate in mining, you will need to create a free account. Since in the crypto world anonymity is the thing, you aren't required to give out your personal details.
To start mining, you will then need to buy mining hashes, which are basically mining orders and investments. They will run their course and you will get a small profit.
The minimum hash contract is $10 (cryptocurrency value equivalent). You can pay the hashes in Bitcoin, Ethereum, Litecoin and Dogecoin.
The only charge the company makes is a 1.2% of your Bitcoin mining income. For other cryptocurrencies, you get 100% profit for mining.
Mining up offers mining opportunities for Bitcoin, Ethereum, Litecoin, and Dogecoin. The term of each
The MLM opportunity
Mining Up offers a three-level referral program. You will earn 7 % commission from the purchases of direct referrals, 2% from second level referrals, and 1% from their level referrals.
They also have a bit complicated bonus structure which includes splitting your referrals into two teams.
"Main team: This team includes partners whose purchase volumes are higher than others’ within a certain period of time. Also, the main team includes partners whose team has made the greatest structure turnover in comparison to other members.
Side team:A side team contains all clients from your team excluding the Main team members. In other words, these are clients starting from the second line of the structure. Their personal purchases or structure turnover were lower than the partners’ ones from the main team." - Mining Up
Then there are 15 levels of bonuses that have minimum purchase requirements from yourself and Main Team and Side Team members.
- Level 1: Personal $250, Main Team $1500, Side Team $1500. Bonus $50
- Level 2: Personal $400, Main Team $3000, Side Team $3000. Bonus $100
- Level 3: Personal $550, Main Team $5000, Side Team $5000. Bonus $150
- Level 4: Personal $700, Main Team $7500, Side Team $7500. Bonus $200
- Level 5: Personal $850, Main Team $15 000, Side Team $15 000. Bonus $400
- Level 6: Personal $1000, Main Team $25 000, Side Team $25 000. Bonus $600
- Level 7: Personal $1250, Main Team $30 000, Side Team $50 000. Bonus $800
- Level 8: Personal $1550, Main Team $40 000, Side Team $80 000. Bonus $1000
- Level 9: Personal $3100, Main Team $60 000, Side Team $100 000. Bonus $1400
- Level 10: Personal $4650, Main Team $80 000, Side Team $160 000. Bonus $2000
- Level 11: Personal $6200, Main Team $130000, Side Team $26000. Bonus $2500
- Level 12: Personal $7750, Main Team $200 000, Side Team $420 000. Bonus $3000
- Level 13: Personal $12 500, Main Team $310 000, Side Team $620 000. Bonus $5000
- Level 14: Personal $15 500, Main Team $470 000, Side Team $930 000. Bonus $8000
- Level 15: Personal $23 000, Main Team $630 000, Side Team $1 700 000. Bonus $19300
you can find the whole MLM plan here.
Is Mining-UP a scam?
Mining Up is a very new company and there isn't really much information about it online. Their business plan seems solid and everything about the company seems top-notch so I'm going to give them the benefit of a doubt and presume they are legit.
They also have a Live webcam stream of their mining farm where you can watch their servers in "action". This is a nice touch to add credibility, but as you surely realize there not much to watch in a live stream of a room of computers. There is a clock in the room that shows that the feed is real time.
There are a couple of red flags however concerning the company for myself. My main concern is that the company uses an MLM structure and a 365 day mining term. If I understand this correctly, it means that you have to wait a year to find out if you've actually made a profit.
With new MLMs, there's always the possibility of them turning out to be pyramid schemes, which makes people suspicious of the business model. That's why I'm a bit surprised they didn't just include a single level referral plan. I want to be completely clear that I'm not claiming that Mining up is one.
I would treat Minin-Up as a high-risk investment currently. This means that I might try it, but I wouldn't invest the money I'm not comfortable losing.
Want to make money online?
If you are interested in making money online, my recommendation is combining search engine optimization with affiliate marketing.
Just think about a second how you wound up here. you probably looked up information on Mining Up on Google
If you have a website that gets organic traffic from search engines, you can turn those visitors into income streams. There are many ways to monetize a website. You could sell services, you can run ads, get sponsors, do dropshipping. But I prefer affiliate marketing.
Affiliate marketing is the perfect partner for SEO because you can automate the whole sales process. The website is there for people to find through Google, and all you need to do is to include links to offers that help to solve your visitors' problem.
If they click on the links, check out the product or service and end up buying, you will earn a commission. With digital products it often 50% or more and with physical products usually less than 10%.
When set up this way, you have a passive income source. Your website works for you 24/7. Then it's just a matter of scaling the business. And that's another great part about this business model. It can be scaled to full-time and life-changing income in the long run.
This business model also allows you to free up a lot of your time, as it is usually enough to invest a few hours per day in the beginning and then a few hours per week to maintain later on (much more to grow of course). You can also work on your business from anywhere in the world, all you need is a laptop and a network connection.
If you want to learn more about this business model check out my Wealthy Affiliate review for my story and why I recommend them from the bottom of my heart.
If you are serious about wanting to learn this business model, also check out my free 7-day course below which will fast track your progress. But if you are not willing to work and just looking for the easy way out, save both of our time and skip it. This is a legit business model, so it involves work.
I hope you found my Mining Up review useful. If you have any questions, you can leave them in the comments section below and I will get back to you.
Mining Up definitely seems promising but it's brand new and there isn't much information around yet. I'd personally wait for user profit testimonials before investing in it, just to make sure the system is legit. That said, the business model seems sound.
If you want to learn how to create passive income streams by ranking content in Google check out my recommendation and course.
Thanks for reading and if you found this review useful, feel free to share it on social media!