WaterMine Review – How We Uncovered This Scam Broker

As of May 2023, the Watermine has ceased operations. But you can read the article to avoid falling for similar scammers.

What is Watermine?

Watermine is a cryptocurrency mining company. This means you can purchase mining power from the company to mine cryptocurrency. This is supposedly going to bring you profits. It also claims that it trades in digital currencies.

There are currently four mining plans available that promise daily returns of 2 to 2.6% with fees.

Referring people to the program can help increase your profits. You can earn 20% on their deposits at each of four levels. Minimum deposit required is 10 USD

Watermine LTD is a registered company in the United Kingdom. Are you able to trust it?

Watermine scam

Watermine is not legitimate. It’s a pyramidal scheme that you should avoid. It has nothing to do cryptocurrency mining. It’s an illegal financial scheme and is about to collapse.

It’s not about mining

It is difficult to understand cryptocurrency mining because of the many variables such as hardware costs and electricity costs. Also, there is the mining difficulty of different currencies which is constantly changing.

Without going into detail, however, it is clear that cryptocurrency mining can not make you 2% per day or more since the beginning.

You should expect to spend months to cover your initial costs and months before you make a profit. Because of the four main variables we have mentioned, you cannot predict how long it will take.

Because it is impossible to guarantee any returns, a legitimate crypto mining company cannot promise you daily or monthly returns. We don’t know what the future crypto price will be, or how electricity prices will change.

A legitimate mining company will also give details about the cryptocurrencies that you will be mining. Watermine doesn’t do this. Watermine promises steady daily returns, but does not provide any details. This is impossible to ensure.

Watermine is a fraud that does not mine cryptocurrency.

Although we know that many people won’t consider our explanation to be proof, it is very simple. Because they promise things impossible in real life, most crypto scams are easy to spot.

Watermine works!

Watermine is a Ponzi scheme. This means that Watermine is not a cryptocurrency mining operation, but a financial pyramid that is headed for collapse.

Watermine simply takes money from younger members and gives it back to older members. This is how Ponzi schemes work. They don’t engage in any real activity and don’t create any real value. Instead, they play a dirty, unsustainable, money-based game.

Ponzi schemes such as Watermine should be avoided for two reasons. Number one, they will collapse. You just don’t know when. The second is that even if profits are made before the collapse, they will come from someone else who was scammed in the system.

We recommend that you immediately withdraw your money from Watermine if you are already in this scam.

Watermine review – Conclusion

Watermine is a fraud that doesn’t do cryptocurrency mining. It is a Ponzi scheme, which is illegal, and will soon collapse. All the money will be gone. Avoid it!

What is a chargeback?

Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. We will have a free consultation to discuss how we can recover your money right away!

WaterMine: Video

Below you will find a short video about WaterMine. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about WaterMine!