Kirkland and Felt: Careful of Energy Efficient Mining Businesses
Looking for a way to cash in on some cryptocurrencies by mining? Sure, there is a lot of buzz happening around cryptocurrencies like Bitcoin, Ethereum, and Bitcoin Cash, but in order to get your hands on any of these digital currencies, one has to have a lot of money to invest. A simple workaround throwing cash into these currencies is the ability to mine and trade.
Now, you will find a lot of websites that offer the possibility to mine digital currencies. In doing so, you will earn a fraction of the transaction and with enough time spent mining, you can earn a lot of money.
The idea may sound easy and simple to make money. But not all mining websites and platforms are created equal. There are some mining websites that offer great returns, but can't keep their promises and fall short. One such platform comes from Kirkland and Felt.
Kirkland and Felt appear to be an all-in-one trading and mining platform for digital currencies. The founders and CEO's of the company are listed as John Kirkland and William Felt. According to their site, Mr. Kirkland has several years in the crypto world and handles all digital currencies that go through the site. Mr. Felt, on the other hand, is stated to be a veteran trader and has several years of experience trading on the stock market.
The site continues to state that Kirkland and Felt have been in business for a little over two years, but conveniently most of this time was spent offline. What you need to be aware of is the fact that if you are dealing with cryptocurrencies and mining, it all deals with information passed through the worldwide web.
When looking into Mr. Kirkland and Mr. Felt, you won't find any information that backs up the claims of their site. If they were such great influencers in the stock and digital world, there would be proof. But there is no evidence that these two even exist online or in the real world and are most likely fictitious people made up to sound important.
Another important fact to take into consideration is where this company is located. While the site may offer a physical address, that is listed in the UK, the address is non-existent. Doing a simple Google search will show no evidence of this company or physical location.
If you look even further into this company, you will find out that they are not licensed, or registered. This simply means that if you do get involved with this company, you might find it difficult to get any funds from them as they are not required to distribute any to their members. When you sign up you are doing so at your own risk.
Kirkland and Felt to operate two different systems. One allows you to invest in mining digital currencies while the other allows you to trade cryptocurrencies.
The site offers three plans for you to pick from. The first is the “Max Trade Plan” that runs for 20 ‘working days' that allows you to earn 7% of whatever funds you have invested with. This plan is restricted to operating Monday thru Friday's.
Now according to the site, The Max Trading Plan allows you to earn $7 per day with an investment of $100. By the end of the 20 working days, you will be able to withdraw $140.
The second plan is the “High Trade Plan” that doesn't offer any restrictions. This means that it runs for 28 days with the ability to earn 155% of your investment. So, for $100 you are looking to get back $155 by the end of the month.
The final plan is the “Mining Plan” that will earn 1.25% per day for 20 days. So, if you invest $100 you are looking to make $1.25 per day for 20 days.
If you are thinking that making a few bucks by the end of the month isn't so bad, there is one thing you need to look for; proof. The site doesn't give you any evidence that their system works. While it may sound fine written out. The company doesn't give you any screenshots of it actually working.
While Kirkland and Felt are based on trading and mining, they also offer the ability to refer to others and get paid. The referral plan goes down three levels. When an affiliate recruits another, they can be earning 7%, and if your direct recruit signs on another you can get 2% for the second level. If the second recruit brings someone on, then you are looking at earning 1%.
The funds are earned based on the amount the recruit deposits and invests. So if you sign someone up and they deposit $1,000, you will get $70 from them if they are your direct referral.
There are a lot of red flags about this company. The fact that there is no information about Mr. Kirkland or Mr. Felt, should cause you to be alarmed. After all, when you are dealing with investments and trading, you want to make sure your money is protected. Without any information or credentials about these two, you might as well throw your money away.
Another major red flag is their affiliate program. They are basically taking money from new recruits to pay those further up the line. A system like this requires people to constantly recruit in order to stay afloat. Once the recruitment dries up, so does the funds and earning possibilities. The fact that they don't offer any tangible products or services makes them a company that is going to be a huge gamble for all involved.
While there may be platforms that allow you to earn money by mining cryptocurrencies, this is not one. Kirkland and Felt hide behind a fancy website to lure people into investing with them. It is important to always do your homework before giving money to any business.
Remember that if a company isn't truthful, with proof of how their system works, then you should steer clear and find another company to mine digital currencies.