watermine.io crypto inventment Reviews | Is It Legit or a Scam?

What is watermine

Watermine is a cryptocurrency mining service. This means you can buy mining rights from the company and mine cryptocurrency. It is said that this will bring you profits. The company also stated that it uses digital currencies for transactions.

There are currently four mining plans that guarantee daily income from 2% to 2.6% (including fees).

You can increase your profits by recommending others to join the program, and you can earn 20% from the four levels of deposits. The minimum deposit is $10.

Watermine LTD is a company registered in the United Kingdom. Can you trust it, should you use it to mine cryptocurrency?

watermine scam

No, Watermine is not legal, this is a pyramid scheme that you should avoid. It has nothing to do with cryptocurrency mining, which is an illegal financial plan that will collapse.

Has nothing to do with mining

Cryptocurrency mining is difficult to master because there are many variables, such as hardware costs, electricity bills, cryptocurrency prices, and the difficulty of mining in different currencies that change over time.

However, there is no need to elaborate, the reality is that from the first day, you absolutely cannot earn 2% or more of cryptocurrency every day.

When you start mining, or even cloud mining by renting hardware, you must expect to spend several months to pay your initial costs, and it will take several months to reach break-even. And because of all the four main variables we mentioned above, you can never be sure how long it will take.

Legitimate cryptocurrency mining companies will therefore never guarantee you any daily or monthly returns, because no one can guarantee them. Because no one knows what the future encryption price will be, how the electricity tariff will evolve, etc.

In addition, a legitimate mining company will provide you with detailed information about the cryptocurrency you are about to mine. Watermine will not do this. Watermine did not provide any details, but it guarantees a stable daily return. This cannot be guaranteed.

This only means one thing, Watermine is a scam that does not mine cryptocurrency.

We know that many people will not take our explanation as proof, but it is really that simple. Just look at the numbers to spot most crypto scams because they promise things that are impossible in the real world.

How Watermine really works

Watermine has the characteristics of a Ponzi scheme. This means that there is no ongoing cryptocurrency mining, only a financial pyramid that is doomed to collapse.

Watermine just collects money from new members and then gives it to old members. This is how all Ponzi schemes work. They are not doing any real activities, they are not creating any real value, they are just playing a dirty and unsustainable game with money.

For two reasons, you should never participate in a Ponzi scheme like Watermine. The first point is that they are bound to collapse, you just don't know when it will happen. The second point is that even if you manage to make a profit before the crash, it will be money from other people who were scammed in the same system.

If you are already in Watermine, it is recommended that you return your money as soon as possible.

Conclusion

Watermine is a scam that does not conduct any cryptocurrency mining. This is an illegal Ponzi scheme that will be disintegrated and all the money will disappear. Stay away from it!

If you are interested in legal cryptocurrency trading, you can try it on a free demo account with virtual currency.

If you decide to invest in real money, be sure to develop a reliable strategy and understand the risks.