Goldmine369 operates in the bitcoin mining MLM niche. The company represents it is based out of Manchester in the UK.

Heading up Goldmine369 is founder Jay Locke, who for some reason has deleted his previously public Facebook account.

Outside of Facebook Locke has no digital footprint I could find. Meaning his MLM history is unknown.

Not a good start.

In Goldmine369’s website terms and conditions, the company provides a Companies House incorporation number.

This corresponds with “GOLDMINE369.COM LIMITED”, which was incorporated in August 2019.

UK incorporation is dirt cheap and for the most part unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

Read on for a full review of Goldmine369’s MLM business opportunity.

Goldmine369’s Products

Goldmine369 has no retailable products or services, with affiliates only able to market Goldmine369 affiliate membership itself.

Goldmine369’s Compensation Plan

Goldmine369 affiliates invest in £250 GBP “TeraHash Power Block” positions.

Investment in made on the representation of cryptocurrency returns, paid out over twelve months.

Goldmine369 do state however that after twelve months

if (a) contract has expired and it’s still profitable to operate, GM369 will continue to pay you out!

During a Goldmine369 investment contract, additional investment positions are created:

As per the above example, with bitcoin at $8500 Goldmine369 investors can expect to be paid around £180 off a £250 investment each quarter.

Scaled up, Goldmine369 markets a £806,539 quarterly return off a £500,000 investment.

Note that in order to continue receiving returns, Goldmine369 affiliates must pay monthly “mining license” fees.

Referral Commissions

Goldmine369 pays referral 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.

Goldmine369 caps payable unilevel team levels at ten.

Referral commissions are paid out as a percentage of funds invested across these ten levels as follows:

level 1 (personally recruited affiliates, must recruit one affiliate) – 8%

level 2 (must recruit two affiliates) – 2%

level 3 (must recruit three affiliates) – 1%

level 4 (must recruit four affiliates) – 1%

level 5 (must recruit five affiliates) – 0.5%

level 6 (must recruit six affiliates) – 0.5%

level 7 (must recruit seven affiliates) – 0.5%

level 8 (must recruit eight affiliates) – 0.5%

level 9 (must recruit nine affiliates) – 0.5%

level 10 (must recruit ten affiliates) – 0.5%

Note that in order to count towards the above qualification criteria, recruited affilia

🤖 Quick Answer

What is Goldmine369's primary business model?
Goldmine369 operates within the bitcoin mining multi-level marketing sector, claiming to be headquartered in Manchester, United Kingdom. The company was incorporated as "Goldmine369.com Limited" through UK Companies House in August 2019, utilizing a jurisdiction known for minimal regulatory oversight of corporate registrations.

Who founded Goldmine369 and what is known about his background?
Goldmine369 was established by founder Jay Locke. Locke has removed his previously public Facebook profile, and possesses minimal digital footprint beyond social media platforms. His professional history in MLM ventures remains undocumented and unverified through publicly available sources.

What regulatory concerns surround Goldmine369's incorporation?
Goldmine369 incorporated in the United Kingdom, a jurisdiction characterized by minimal regulation and low incorporation costs. UK company formation is frequently utilized

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