Reminsol supposedly is a cryptocurrency mining company, that is willing to share profits with the public. You are supposed to buy some mining (hash) power and get paid regularly, every day.
At this time the value of bitcoin is $5,600, which means that with the Platinum Pack of RMS you can get 1.57% daily on your investment. Plus 15% referral commissions. Is it really possible? We don’t think so.
Only Ponzi scam schemes offer this kind of numbers. It’s because Ponzi schemes pay out profits from new deposits, until the system collapses because there is not enough new deposits.
Fictitious hash rate
But it is not true, look at our picture to see top mining pools. So, RMS is clearly lying about the hash rate it has.
Reminsol is selling a mining power of 25,000 GH/s for $2,000. It is true that such a hash power would make the profits they promise real. The problem is that such a hash power would cost much, much more in the real world.
Take a look at our comparison with Genesis Mining, which is a real mining company. They sell 100 MH/s for $2,799.
Let’s do the math: 25,000 GH/s of RMS equals to 25,000,000 MH/s. And 25,000,000 divided by 100 equals to 250,000. This means that Real Mining Solutions is selling mining power more than 250,000 times cheaper than Genesis Mining.
Do you think it is possible? Of course not, hardware cannot be bought 250,000 times cheaper! Remember that mining power is determined solely by the power of your hardware.
On the Companies House website, you can see the warning “Accounts overdue”, moreover the tab “Filling history” reveals that there was a compulsory strike-off called against the company and then discontinued.
Another important thing is that the Real Mining Solution website was created only in August 2017, so no proven track record in mining.
Real Mining Solutions must be a scam, there is no other possibility in regard to facts we have presented in our review. Cryptocurrency mining is barely profitable nowadays if you don’t have access to extra cheap electricity.
If you are interested in cryptocurrencies, you can try trading them. Try a free demo account to see how it works.
But don’t start trading with real money until you have learned all the necessary things and built a profitable strategy. Trading is risky, you can make, but also lose money.