SagMining Review: Legit Crypto With Up To 3.3% ROI Or Scam?
Welcome to my SagMining Review!
Recently I have seen some buzz on internet in regards to this crypto mining platform, so I decided to take a closer look.
Probably someone approached you about this opportunity and the juicy 3.3% Daily ROI and you landed here to see whether it is legit or not.
You are in luck my friend! I will go through the company, products and compensation plan with all the details that is there, so you can make a right decision.
Make sure you PAY close attention and read this to THE End.
SagMining Review (Company)
Landing on their website, there is no information about who runs or owns this company.
Next up was to check their domain registration.
So went to who.is and checked for (“sagmining.com”) and found out it has been privately registered on May 14th 2020.
In their about section of the website, they have put a UK registration.
UK company registration is dirt cheap and mostly not regulated, which makes it perfect for scammer.
Now, I was curios and wanted to know who is actually behind the company.
So I checked the People section in the registration and found out someone called ‘Lewis Brenton’ has registered for SagMining.
First of all this guy is American based on the info.
Additionally, I couldn’t find any digital footprint of this guy. Only thing I found was a Lewis Brenton, who is a Mayor of a city in USA, and another one founder and CEO of a company called Glimpse AR.
I am almost sure that they have just used this fake name to do the registration.
The address they have provided on the registration ’74 Cambridge Street Pimlico, London, United Kingdom, SW1V 4QQ’ is actually a residential address.
Again another red flag.
So far all I have seen from Sagmining is red flag!
SagMining review (Products)
They don’t have any retail product or services, with all you can do is signup and buy a package to start earning.
It is very similar to bitland.pro that I did review on.
The duration of contract for SagMining is 365 days.
They have four different plans as follow:
- Standard: Bitcoin contract. Minimum investment 0.0005 BTC and maximum 0.02 BTC. You will get minimum 100 Gh/s hashrate. On a promise of 2.2% daily return.
- Advanced: Bitcoin contract. Minimum investment 0.021 BTC and maximum 0.2 BTC. You will get minimum 4200 Gh/s hashrate. On a promise of 2.6% daily return.
- Premium: Bitcoin contract. Minimum investment 0.201 BTC and maximum 0.5 BTC. You will get minimum 40200 Gh/s hashrate. On a promise of 2.9% daily return.
- Superior: Bitcoin contract. Minimum investment 0.501 BTC and maximum 5 BTC. You will get minimum 100200 Gh/s hashrate. On a promise of 3.3% daily return.
Referral commissions are flat and has 4 tier.
- Level 1 – 5% (1-30 referrals)
- Level 2 – 7% (31-70 referrals)
- Level 3 – 10% (71-150 referrals)
- Level 4 – 15% (151+ referrals)
Now what I am not 100% sure about is if the percentage is on the invested funds or on the actual returns.
They lack details in that department.
Cost To Join
In order for you to join you need to invest at least 0.0005 BTC.
So is Sagmining scam or not?
Let’s look at the facts, shall we..?
Firstly, we don’t know who runs or owns the company and they haven’t been transparent about it.
Their address looks fake to me.
Also the person that has registered for the company looks fake as well.
Plus if they could REALLY pull in 3.3% daily return legally, what would they need your money for?
Just think about that one logically. They could be super rich very quick by getting a loan from the bank and putting that money
in this system that they have and get 3.3% daily ROI!
Additionally, you need to be registered with security and exchange for any jurisdiction that you operate in if you are providing return on investment.
They don’t have any registration which makes their operation illegal.
Anyway, this company has affiliates invest so they can pay off existing members before them.
Which is nothing more than another ponzi scheme.
I can’t recommend this. Stay Away!
I hope you enjoyed my SagMining review and if you have any questions feel free to ask in the comments below.
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