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Digital Generation Review: Cloud-mining Ponzi scheme

Digital Generation Review: Cloud-mining Ponzi scheme

Formerly known spil “Coin Generation”, establishing where Digital Generation is being run out of is a bit of a challenge.

The company advertises four addresses on its webstek:

  • a “headquarters” ter Porto, Portugal
  • an “administrative office” te California te the US
  • a “legal unit” te London, England and
  • an “offshore division” te Belize

Digital Generation’s “headquarters” is nothing more than a rented virtual office from Regus. Photoshopped pictures from the Regus webstek of The Brasilia Building attempt to give the impression that Digital Generation has physical office space there, but they obviously do not:

Not remarkably, the address provided for the “administrative office” is also virtual, belonging to Servcorp.

The “legal unit” is an address of a business that offers rented mailboxes, spil seen below ter Google Maps:

Meantime the Belize address is utter of companies that suggest offshore corporation services, being also entirely virtual ter nature spil far spil Digital Generation is worried.

There is naturally no information on the Digitial Generation webstek indicating who wields or runs the business.

The generic name “Mark Peterson” emerges spil the proprietor of the domain “coingeneration.com”, but given the deception exhibited thus far, I’m inclined to say it’s unlikely this person exists.

The address te Portugal stuffs out like a sore thumb and if I had to guess, I’d say that’s likely where the anonymous owners of Digital Generation are operating out of. The offshore registration te Belize is very likely the only legit listing out of the bunch, and wasgoed done so solely to hide the owners’ money.

Spil always, if a MLM company is not openly upfront about who is running or wields it, think long and hard about joining and/or handing overheen any money.

The Digital Generation Product Line

Digital Generation has no retailable products or services.

Software is available for download from the Digital Generation webstek, which is evidently tied to the company’s compensation project.

Affiliates purchase a “software license” for $50. This permits an affiliate to then run cloud-computing”threads”, which Digital Generation claims provides revenue for them to pay commissions with.

The Digital Generation Compensation Project

The Digital Generation Compensation Project sees affiliate invest $50 and collect an advertised $30 a month ROI for 12 months.

The ondergrens standard award is $1 vanaf day ($30 vanaf month) for one running thread.

There doesn’t show up to be any limit to the amount of thread investments an affiliate can make, however ROIs are tied into the provided Digital Generation software being run.

This is tracked via internet communication and servers operated by Digital Generation (no specific information is provided to affiliates).

Referral commissions are also suggested, paying out a 20% referral commission on any ROIs paid out to personally recruited affiliates (level 1). Level Two (affiliates your level 1 affiliates recruit), pays out a 10% ROI commission.

Joining Digital Generation

Basic affiliate membership with Digital Generation is $50. This includes one thread investment position.

Extra thread investment positions add an extra $50 a speelpop to the cost of Digital Generation affiliate membership.

Conclusion

Wij’ll pay you for letting us use your computers processing power (sic).

Under the guise of letting Digital Generation use an affiliate’s “processing power”, Digital Generation profess to use said power to generate revenue to pay affiliates with.

Why they charge affiliates a $50 toverfee vanaf thread position then makes little sense, unless, and it’s pretty visible they are, the company simply takes all fresh affiliate investment and uses it to pay off existing affiliate investors.

$1 a day vanaf position for a year equates to a $365 ROI payable on every $50 affiliate investment. Extra referral commissions paid out will only decrease the time it takes the scheme to collapse.

Spil with all Ponzi schemes, that collapse will eventuate once fresh affiliate investment slows down.

If wij assume Digital Generation aren’t telling porky pies about their software (and they are about their offices and management, so there’s a bit of a question mark there), then the software is used to power what is essentially a distributed crypto-currency mining toneelpodium.

That said toneelpodium would generate revenue needed to pay out the ROIs Digital Generation are promising tho’ is laughable. Think about it, if it wasgoed, why on Earth would they be charging affiliates for investment positions?

On the flipside, if Digital Generation are just using fresh affiliate money to pay existing affiliates off with, meaning the software is just a 100% ruse, who knows what they are doing with people’s computing power and internet connections.

That the company is running a Ponzi scheme irrespective of whether any actual distributed mining is taking place is a given, it’s the added possibility of nefarious activity taking place through their application that adds an extra layer of threat to the scheme.

Signing overheen access to your pc and internet connection for $1 a day, to anonymous Ponzi shysters no less, doesn’t seem like the smartest of moves…

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