Pool Miners is a Reboot of a Failed 2014 Scam
A cryptocurrency mining operation called Pool Miners is being pitched as a legitimate investment opportunity. The company is actually a resurrection of Global Coin Reserve, a discredited multi-level marketing scheme that collapsed in 2016 after taking thousands of dollars from recruits.
Pool Miners claims to be a Spain-based operation run by PoolMiners, SL. The company provides almost no transparency about who actually controls it. The domain poolminers.com was registered in October 2015 using private registration, making the true ownership hard to trace. Promotional videos mention Ruben Arcas as co-founder, but this information doesn't appear anywhere on the company website itself.
Arcas has a troubling track record. He was part of the leadership team at Global Coin Reserve, the MLM scheme that promised cryptocurrency mining returns starting in 2014. GCR rebranded itself as Global Currency Reserve in 2015 and aggressively sold mining packages for thousands of dollars. The promised GCR Coin turned out to be worthless. The company shut down in January 2016.
Now Arcas appears to have launched Pool Miners, which follows an identical business model to the defunct operation. Instead of selling GCR mining packages, recruits now buy Pool Miners packages ranging from 75 euros to 25,728 euros. Like its predecessor, Pool Miners has no actual products or services—recruits can only sell Pool Miners memberships to other recruits.
The company won't disclose what returns investors actually receive. Pool Miners claims package investments translate into shares of a SARCoin mining pool it operates. A 75-euro entry-level package nets you 1 share. A 25,728-euro package gets you 36 shares. Beyond that, Pool Miners releases no information about daily payouts, mining difficulty, or how much money members actually make.
This is the fundamental structure of an MLM scheme. New recruits pay money upfront and receive promises of returns from mining. They're incentivized to recruit others into the same system. When recruitment slows, the scheme collapses—exactly what happened to Global Coin Reserve.
Arcas also runs Krypto Commerce International, a blockchain development company. The precise relationship between Krypto Commerce and Pool Miners remains unclear, though both operate in the cryptocurrency space.
Pool Miners has replicated every problematic element of Global Coin Reserve. It hides its ownership structure, makes vague promises about returns, and requires members to invest cash upfront with no retailable products backing the operation. The fact that Arcas, a known figure from the failed GCR scheme, is involved in this new venture should raise immediate red flags.
The operation preys on cryptocurrency investors hoping to find a legitimate mining opportunity. Instead, they're joining the same type of recruitment-driven scheme that devastated investors five years ago.
🤖 Quick Answer
What is Pool Miners and its connection to Global Coin Reserve?Pool Miners is a cryptocurrency mining operation claiming to be Spain-based, presented as a legitimate investment opportunity. It represents a reboot of Global Coin Reserve, a multi-level marketing scheme that collapsed in 2016 after accumulating substantial funds from recruits, indicating continuity with previously discredited operations.
Why is Pool Miners' ownership structure considered problematic?
The company provides minimal transparency regarding its actual controllers. The domain poolminers.com was registered in October 2015 using private registration, obscuring true ownership. While promotional materials reference Ruben Arcas as co-founder, this information lacks verification on official company channels, raising accountability concerns.
What is known about Ruben Arcas' background?
Ruben Arcas, mentioned as Pool Miners' co-founder in promotional materials, maintains a documented history
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