SKP Mine has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Neo Zentech. We’ve received over 6 complaints against SKP Mine.
SKP Mine, also known as Skip Cloud Miner and SK Pools, has raised concerns owing to a lack of transparency in ownership and management. The lack of clear executive details, along with a concentration on concealing critical information about the platform’s managers and owners, creates a sense of distrust. Further examination reveals a link to China, as indicated by the website’s localization in Chinese. However, SKP Mine primarily targets the Philippines and is run by Chinese fraudsters. The decrease in website traffic from the Philippines, combined with equal-value marketing materials in Philippine pesos, raises concerns about the platform’s validity.
Get Your Money Back From These Scammers!
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Key Takeaways
Is SKP Mine Regulated? Do They Have a License?
SKP Mine, alternatively referred to as Skip Cloud Miner and SK Pools, is a platform that has generated apprehension owing to the absence of clarity around its ownership and executive details. The website lacks information regarding the platform’s operators or owners, further contributing to its enigmatic nature.
An examination of the source code of SKP Mine’s website reveals that the platform is linked to China due to its localization in the Chinese language. Nevertheless, its main focus is on the Philippines, even though it is run by Chinese fraudsters.
According to SimilarWeb, in September 2023, the Philippines accounted for 16% of SKP Mine’s website traffic, marking an 87% decline compared to the previous month. Interestingly, the official marketing materials of SKP Mine are offered at equal value in Philippine pesos.
In addition to the Philippines, SKP Mine also receives visitors from several other countries, such as Indonesia (13%), Egypt (12%), Russia (7%), and Turkey (7%). It is imperative to exercise caution when engaging with MLM organizations such as SKP Mine, as they deliberately conceal essential details regarding their leadership and ownership. Prospective participants should use discernment before enrolling or allocating funds to such companies.
The lack of regulation or the presence of poor regulation is a huge red flag. It means SKP Mine is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of SKP Mine, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at SKP Mine
SKP Mine’s lack of tangible goods or services limits affiliates to promoting only the SKP Mine affiliate membership. The absence of physical retail products raises concerns regarding the platform’s legitimacy since it fails to provide a distinct value proposition outside its membership framework.
According to SKP Mine, its affiliates have the opportunity to invest in tether (USDT) and obtain guaranteed returns based on several Cloud Computer Power packages. The price of these packages varies from 10 to 180 USDT and they provide daily returns for defined durations.
For instance, by investing 10 USDT in Cloud Computer Power M1, anyone can achieve a daily profit of 1 USDT for 20 days. The system includes referral commissions that are distributed through a unilevel framework, reaching three tiers of recruiting.
To comprehend the compensation plan, it is necessary to take into account the USDT quantities invested and the recruitment levels inside the SKP Mine platform.
According to SKP Mine, there is no cost associated with becoming an affiliate. Nevertheless, to actively engage in their earning opportunity program, a minimum investment of 10 USDT is mandatory. This apparent discrepancy raises doubts regarding the truthfulness of their claim that affiliate membership is free. Furthermore, it raises doubts regarding the openness and reliability of SKP Mine.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
SKP Mine Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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SKP Mine Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like SKP Mine tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust SKP Mine reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of SKP Mine, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like SKP Mine enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “SKP Mine reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising SKP Mine.
You should always look out for consumer complaints. In the case of SKP Mine, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about SKP Mine? You can share your complaint in the comment section or submit an anonymous tip.
Is SKP Mine Legit Or Scam?
SKP Mine functions as a deceitful Ponzi scheme, utilizing a facade of an application that requires only a simple click of a button. Within this Ponzi scam, participants are deceived into thinking that by logging in and clicking a button, they can generate mining revenue.
The quantity of buttons to be clicked is directly proportional to the amount of investment made. The alleged cloud mining operations that generate profits for affiliates are met with doubt. If SKP Mine is indeed involved in cryptocurrency mining, why would they want financial contributions from participants?
Essentially, pressing a button within SKP Mine has no practical significance. The strategy is centered on the practice of using freshly invested funds to repay prior investors. This tendency replicates the trend observed in other Ponzi schemes, such as Stronghold Digital, Dmining, and T97 BestPlan, which similarly experienced a short-lived existence before collapsing.
My program, SKP Mine, is one of many “click a button” software Ponzis that have been documented. This kind of scam usually only lasts for a few weeks to months before abruptly disappearing, resulting in investors inevitably losing their money. The group of Chinese scammers behind these Ponzi schemes abruptly render their websites and apps inoperative, so extending the cycle of deceit and causing financial damage.
SKP Mine is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind SKP Mine can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust SKP Mine?
All the evidence suggests that SKP Mine is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is SKP Mine a scam?
Can I withdraw money from SKP Mine?
Where is SKP Mine Located?
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How The SKP Mine Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
We didn’t know that the SKP MINER we joined was a scam and we took out money that we thought would make a lot of money, but some people who haven’t received their withdrawals seem to have suddenly lost their SKP apps and they are no longer in the system. .