Why I DO NOT recommend Golden Mines (golden-mines.org)

 Alright, so, with Golden Farm, I tried testing the site out the hard way before someone pointed out to me that, if I had just read the site's Rules, I should be able to tell from there that the site was a scam / ponzi scheme.

With Golden Mines, I decided to save myself some trouble and check the Rules out before testing it the hard way. It looks to be a similar scam / ponzi scheme to Golden Farm, but slightly different. Here's a screenshot of an excerpt of the site's rules.

"4.2.1.5. to bear financial responsibility for guaranteeing equivalent market value of the game inventory (Gold) on the participant’s game account. Market value of the game inventory (Gold) is 100 gold = 1 $. Getting payoffs by the user is restricted by availability of Cash Points on the account. 1 Cash Point gives the right to withdraw 1 $. Cash Points are credited for: Your replenishments of the account (30% of the sum); replenishment of the account by a referral of the 1st level, 30% go to the Cash Points; replenishment of the account by a referral of the 2nd level, 10% go to the Cash Points; replenishment of the account by a referral of the 3d level, 5% go to the Cash Points; replenishment of the account by any player, 10% of the sum is divided between all the players who were active during 24 hours;"

Alright, so, when a user makes a real money deposit, then they are allowed to later withdraw 30% of that deposit, and certain other people in the referral tree can withdraw 30%, 10%, and 5% respectively. An additional 10% of the deposit amount is divided between all players who were active during the preceding 24 hours. 30%+30%+10%+5%+10%=75%. So, for every dollar the site owners receive, they will only return 75 cents to the players.

It's somewhat ingenious, since it means that people who want to test it without making any deposits, to see if it's legit, will still get a small amount of cash points from the other people who are making real money deposits, and perhaps be tricked into thinking the site is legit and then depositing their own real money.

While in theory, it does look like it's possible to make money off this site by just leeching off the 10% sum divided between all players who were active during the preceding 24 hours, or by referring people but never depositing your own money, I don't think either of these options would be ethical.

See also

If you want to find a site that's actually good for earning cryptocurrency, please see one of my reviews and guides:

For a way to spend a little of your cryptocurrency (or not, if you choose to use the free version) while doing activities other than using crypto-earning sites, see my Windscribe review. Please remember not to use Windscribe while using crypto-earning sites. Windscribe is a VPN. However, it is useful for other purposes, like keeping your politics private from your ISP.

Questions? Comments? Concerns? Please feel free to email gemtrekcoin [at] gmail [dot] com

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