November 28, 2020 by Brian Priest. Welcome to my Purple Mining Review. Is it a legit up to 7000% ROI or just some huge mining scam? Well that’s what we are going to find out.
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Hello everyone and welcome to my Purple Mining Review. There has been quite a bit of talk lately about the Purple Mining company. So I decided to dig deeper and see what all the chatter is about.
As a matter of fact you may have heard about the Purple Mining company on social media. Or maybe you were approached by someone about their investment or business opportunity with the chance to make up to 7000% ROI. And you came here to see if it’s legit. We trust me when I say that that would peak my interest too. So we are going to go through the company, the products, as well as the compensation plan. And then you will be able to make an informed decision about your future with the Purple Mining company.
So stay with me until the end and pay close attention as we go through this Purple Mining Review.
Purple Mining Review – (The Company)
The first thing I noticed about the Purple Mining Company is that there isn’t a lot of information out there at the moment. That is most likely because the company just registered as corporation in the UK on October 1st, 2020. And their website was only registered a couple of dats earlier on September 29th, 2020.
The next thing that draws my attention is the fact that they have no information listed on their website as to who owns or runs the company. And that is always a red flag with me. However I was able to find legitimate documentation of their UK corporation filing in which they list the company as Purple Mining Limited. And the company number is: 12919416
Another thing I noticed is that the address they have listed for the Purple Mining company is: Gateway Business Center, 210 Church Road, London England E10 7JQ. However when I was reading the information on their Purple Mining company website there seemed to be a lot of broken English throughout most of the site. But that could be contributed by any number of reasons.
In addition to that, when you do a Google search for the Purple Mining company address the building pictured below is what you find in the results.
Although I’m not sure the building is any type of your typical business office building. You kind of got to remember that Bill Gates started Microsoft in his garage. It’s just seems to me that there are a lot of missing pieces. But hey I could be missing or mistaking some things,. So let’s keep moving along in our Purple Mining Review. And see what the Purple Mining company offers for products.
Purple Mining Review – (The Products)
It really doesn’t surprise me the the Purple Mining Company doesn’t have any retail product or services for their affiliates to market. The only thing that a person is able to do is to become an affiliate. Then you can promote the affiliate membership.
In addition to that, once you become a Purple Mining company affiliate. You will then be able to invest in the Purple Mining company’s mining platform. And then start receiving returns on you investments.
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Now that we have covered the company and the products. Let’s see what the Purple Mining company offers their affiliates for a compensation plan inside of this Purple Mining Review.
Purple Mining Review – (The Compensation Plan)
After you become an affiliate of the Purple Mining company you then have the the opportunity to invest in the company’s mining platform.
Purple Mining affiliates invest Bitcoin into the company on a promise that they will get big returns on their investments.
The Purple Mining Company tells their affiliates:
- 1 – if affiliates invest 0.0005 to 10 BTC they will receive a 200% ROI over 120 hours
- 2 – if affiliates invest 0.04 to 10 BTC they will receive a 400% ROI over 96 hours
- 3 – if affiliates invest 0.5 to 100 BTC they will receive a 7000% after 7 days
And in addition to that the Purple Mining company pays its affiliates referral commissions on invested funds down two levels of sponsorship:
- 5% on level 1 (personally sponsored affiliates)
- 1% on level 2
All in all it seems fairly cut and dried. however the only income that I can see coming into the company is investments from affiliates and from sponsoring new affiliates. And I don’t think I like that.
Anyway let’s keep moving and find out what it costs to join the Purple Mining company inside of our Purple Mining Review.
Purple Mining Review – (The Cost to Join)
The cost of the Purple Mining affiliate membership is free. However if you want to take advantage of the investment opportunity and compensation plan. You will need to invest a minimum of 0.0005 Bitcoin. And that’s pretty much it if you just want to get your foot in the door and check out the Purple Mining company platform first hand.
So now that we have covered all of that. Now comes the part you have been waiting for. So stay with me till the end. Because here are..
My Final Thoughts
So is there some kind of scam going on behind the scenes at the Purple Mining Company?
Well let’s look at the information we have collected and see what the evidence has to say.
First on the list is a red flag. And this comes from the fact that the company doesn’t give any information anywhere that we can find as to who owns or runs the company. And in addition to that the Purple Mining company is literally 2 months old at the time of this review.
Next we have the Purple Mining company address that really does look suspicious. I mean for instance I use a UPS mailbox address as my business address. However I am very open and telling about it. And it’s because I operate my business from my laptop in my living room most days and I really don’t want the whole planet knowing my home address.
The next thing we find is that they have no retail products or services for affiliates to promote or sell. And this is a giant red flag. This is the kind of thing that the SEC and the FTC hate.
And finally what really throws this thing out the window it the Purple Mining company claims its investors will receive 7000% ROI over a 7 days period.
Now I might have been born at night. But it wasn’t last night. There is no way on God’s green earth that they can give a 7000% return on investments in only 7 days.
However the company claims they have external income coming into the company from the following:
“Purple Mining Limited is a prominent representative of the international financial market, cryptocurrency trading and mining, it is a developer of hardware and offers safe investments in this area.”
I believe this statement is about as false as it can be.
But just to be completely fair if you visit trustpilot.com at https://www.trustpilot.com/review/purplemining.ltd. There are 91 personal reviews from people that have experience with the Purple Mining company. And to my surprise they are not bad. As a matter of fact out of the 91 reviews only 9% were bad. Visit the link to see them for yourself.
So with all the red flags along with the very young age of the company. I’m going to have to say NO to the Purple Mining company.
And I recommend finding something with a proven track record and that is transparent about their leadership as well as every other aspect of their business.
I hope you have enjoyed my Purple Mining review. And if you have any questions or comments, please feel free to leave them in the comments section below and I will get back to you as soon as I am able.
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