Arkonix Mining Review: 5475 day cloud mining ROI & recruitment

Arkonix Mining provide no information about who owns or runs the business on their website.

The Arkonix Mining website domain (“arkonix.eu”) was privately registered on September 16th, 2017.

The Arkonix Mining website uses both USD and EUR as currencies, suggesting whoever is running the company is also based out of Europe.

This corresponds with an address in Ticino, Switzerland provided in the footer of the Arkonix Mining website.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Arkonix Mining Products

Arkonix Mining has no retailable products or services, with affiliates only able to market Arkonix Mining affiliate membership itself.

The Arkonix Mining Compensation Plan

Arkonix affiliates invest funds on the promise of a 5475 day ROI.

  • BTC50 – $50
  • BTC100 – $100
  • BTC250 – $250
  • BTC500 – $500
  • BTC1000 – $1000
  • BTC2500 – $2500
  • BTC4800 – $4800

Based on corresponding hash power values, the expectation is the more an Arkonix Mining affiliate invests the higher their ROI.

Residual Commissions

Arkonix Mining pay residual commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Arkonix Mining cap payable unilevel levels at eleven, with commissions paid out as a percentage of invested funds across these eleven levels.

How many unilevel levels residual commissions are paid on is determined by how much an Arkonix Mining affiliate has invested:

  • invest in BTC100 and receive 11% on level 1 (personally recruited affiliates), 5% on level 2 and 3% on level 3
  • invest in BTC250 and receive 11% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1% on level 5
  • invest in BTC500 and receive 11% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, and 1% on levels 5 to 7
  • invest in BTC1000 and receive 11% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8 and 0.5% on level 9
  • invest in BTC2500 or BTC4800 and receive 11% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 8 and 0.5% on levels 9 to 11

Rank Achievement Bonus

Upon meeting set criteria for eleven Arkonix Mining affiliate ranks, the following one-time bonuses are paid out:

  • Brass (recruit at least three BTC100 or higher affiliates and generate at least $1000 in downline investment volume) = $50
  • Copper (recruit and maintain two Brass ranked affiliates and generate at least $7000 in downline investment volume) – $150
  • Silver (recruit and maintain one Brass affiliate and one Copper affiliate and generate at least $20,000 in downline investment volume) = $300
  • Gold (recruit and maintain two Copper and one Brass affiliate and generate at least $50,000 in downline investment volume) = $600
  • Platinum (personally invest in BTC250 or higher, recruit and maintain at least two Copper and one Silver affiliate and generate at least $100,000 in downline investment volume = $1500
  • Plutonium (recruit and maintain at least two Silver and one Gold affiliate and generate at least $250,000 in downline investment volume = $3000
  • Emerald (personally invest in BTC500 or higher, recruit and maintain at least two Gold and one Platinum affiliate and generate at least $500,000 in downline investment volume = $4000 and 1 Share in the Arkonix Mining Pool
  • Sapphire (recruit and maintain at least two Platinum and one Plutonium affiliate and generate at least $1,000,000 in downline investment volume = $7000 and 2 shares in the Arkonix Mining Pool
  • Ruby (personally invest in BTC1000 or higher, recruit and maintain at least three Plutonium and one Emerald affiliate and generate at least $2,500,000 in downline investment volume = $15,000 and three shares in the Arkonix Mining Pool
  • Diamond (recruit and maintain at least two Emerald and two Sapphire affiliates and generate at least $5,000,000 in downline investment volume = $30,000 and four shares in the Arkonix Mining Pool
  • Alchemist (personally invest in BTC2500 or higher, recruit and maintain at least three Sapphire and two Ruby affiliates and generate at least $10,000,000 in downline investment volume = $50,000 and “5% partnership shares in Arkonix”

Note that Arkonix Mining provide no explanation for the Arkonix Mining Pool or what partnership shares are.

Joining Arkonix Mining

Arkonix Mining affiliate membership is tied to investment in one of the company’s offered investment packages:

  • BTC50 – $50
  • BTC100 – $100
  • BTC250 – $250
  • BTC500 – $500
  • BTC1000 – $1000
  • BTC2500 – $2500
  • BTC4800 – $4800

Conclusion

Arkonix Mining claim to be a ‘Swiss-Based Cloud-Mining service provider‘.

Other than the Swiss address provided on the company website however, there is no evidence to support either claim.

As far as the business model goes, Arkonix Mining combines potential Ponzi fraud with pyramid recruitment.

MLM mining companies need to provide both evidence of mining taking place and revenue generated from mining actually being used to pay affiliates.

Arkonix Mining provide neither, which is not surprising seeing as the company doesn’t even disclose who owns or runs it.

The lack of disclosure regarding Arkonix’s mining operations is important, because without such disclosures there’s a good chance the company is just recycling newly invested funds.

Typically an MLM company claiming to mine eventually provides photos or video footage of mining equipment.

This alone is not enough to verify revenue from mining operations are being used to pay affiliates.

This is especially true of Arkonix, whose provided mining statistics already appear quite suspicious.

As per the screenshot to the right of Arkonix Mining’s website, 66 days of mining, 1990 affiliates, $91,550 generated and… only $323 paid out?

Granted Arkonix Mining impose a minimum $50 withdrawal limit, but still those numbers look fudged to me.

And bear in mind that even if evidence of mining is shown at some point, an MLM company claiming to use mining revenue to pay affiliates has to prove it’s 100% of the revenue used.

Generating a token amount of ROI revenue from mining and the rest from new investment is still Ponzi fraud.

The rest of Arkonix Mining’s compensation plan is pyramid fraud, paying affiliates both directly and residually to recruit new affiliates.

This of course supports illegitimacy with Arkonix Mining’s mining claims, as a genuine cloud mining company should be able to generate profit without having to operate as a pyramid scheme.

When you combine all of that with the fact that Arkonix mining is being operated by who knows who from who knows where, there’s not a lot going for it.

At the very least the pyramid side of Arkonix Mining will collapse when recruitment drops off. And I suspect the end of Arkonix’s “mining operations” will follow shortly thereafter too.

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