VIP Mining operates in the cryptocurrency MLM niche. On the VIP Mining website, Luis Ortega is cited as founder of the company.

Ortega recently popped up on BehindMLM’s radar as the founder of
Now Mining
.

Now Mining offered unregistered security investment contracts, purportedly through partnership with Genesis Mining.

Alexa traffic estimates for the Now Mining website suggest the scheme collapsed shortly after launch.

Now Mining investors who were promised a ROI over 280 days
appear to have lost their money
.

Despite Now Mining collapsing and causing widespread losses, Luis Ortega (right) describes himself as ‘
a successful leader, a technology visionary and a pioneer in the cryptocurrency industry.
‘

VIP Mining appears to be a name-change and reboot of the same concept behind Now Mining.

Read on for a full review of the VIP Mining MLM opportunity.

VIP Mining Products

VIP Mining market mining contracts that pay a daily ROI:

1/8 contract = $625

1/4 contract = $1250

1/2 contract = $2500

1 contract = $5000

$50,000 and $500,000 contracts are also offered “on a case by case basis”.

Note that specific ROI amounts are not provided.

The VIP Mining Compensation Plan

The VIP Mining compensation plan revolves around affiliates and retail customers investing funds in mining contracts.

Retail Commissions

VIP Mining pay affiliates a 5.5% commission on the sale of a mining contract to a retail customer.

Recruitment Commissions

VIP Mining pay a recruitment 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.

VIP Mining cap payable unilevel team levels at five.

Recruitment commissions are paid out as a percentage of mining contracts invested in by unilevel team affiliates as follows:

level 1 (personally recruited affiliates) – 5.5%

level 2 – 2.5%

level 3 – 1%

levels 4 and 5 – 0.5%

Residual Commissions

VIP Mining pay residual commissions via the same unilevel compensation structure recruitment commissions are paid out with.

Residual Commissions are paid as a percentage of daily mining contract ROI payments paid to unilevel team members:

level 1 (personally recruited affiliates and retail customers) – 8%

level 2 – 3%

levels 3 and 4 – 2%

level 5 – 1%

Bonus Pool

VIP Mining take 3.5% of each new mining contract invested in and place it into a bonus pool.

The pool is split into five smaller pools, which are paid out monthly based on rank:

VIP Manager (convince others to invest at least $200,000) – 1% pool

Director (convince others to invest at least $500,000) – 0.5% pool

VIP Director (convince others t

🤖 Quick Answer

What is VIP Mining and its connection to Now Mining?
VIP Mining operates within the cryptocurrency MLM sector, founded by Luis Ortega. The company appears to be a reboot of Now Mining, a previous venture that collapsed after offering unregistered security investment contracts supposedly in partnership with Genesis Mining, resulting in significant investor losses.

Who is Luis Ortega and what is his background?
Luis Ortega is identified as founder of both Now Mining and VIP Mining. He describes himself as a successful leader, technology visionary, and cryptocurrency industry pioneer, despite his previous venture Now Mining collapsing and causing widespread financial losses to investors.

What happened to Now Mining investors?
Now Mining investors who were promised returns over 280 days appear to have lost their money. Traffic analysis indicates the scheme collapsed shortly after launch, resulting in substantial losses for participants in the unregistered investment contracts.

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