PowerNodes Review: Mize Network’s Crypto Mining Scam Reboot?
The official PowerNodes website gives little to no information about their company or who is in charge which is our immediate impression upon first visiting. The website for PowerNodes domain (powernodes.io) was officially registered back in May on the 30th of 2018.
Further looking into the company, PowerNodes website source-code shows keyword stuffing has been committed by Mize Network.
A line of code clearly shows keyword after keyword: Powernodes, Cryptocurrency, crypto (not an error on this article), mize online, mize network, mize, etc.
The Mize Network logo was also placed in the footer of the PowerNodes compensation plan, a blatant attempt at grey area search engine optimization (SEO).
The network was launched recently by Adrian Jacuzzi, known con artist & scam specialist. The core of the business model is based on traditional Ponzi scam pyramid style recruitment, with PowerNodes that appear to run like a business within a business.
Below you’ll see the full article on the PowerNodes MLM opportunity.
What are PowerNodes Products?
PowerNodes has zero products available for retail or service, with affiliate commissions being the only way to make money with the company.
What is the PowerNodes Compensation Plan?
Affiliates on the network can invest into PowerNodes on the promise of a supposed “daily payment.”
Other than that, there are no specs on the compensation plan for PowerNodes daily return on investment provided anywhere in the company.
What are the Recruitment Commissions?
PowerNodes affiliates get paid out 5% commissions based on the invested funds of the affiliated personally recruited.
Any residual recruitment commissions paid are made through the reinvestments made by affiliates. PowerNodes also uses residual income tracking through a unilevel based compensation infrastructure like you would see on a standard pyramid/Ponzi scheme.
The unilevel comp plan puts one affiliate at the top of a team on a line, with each personally signed up affiliated directly underneath them for the first level.
Once an affiliate on the level 1 brings in new affiliates, they are placed beneath the lead affiliate on level 2.
After that, affiliates on level 2 bring in new affiliates and they are then put on level 3. The unilevel goes down from there, so forth and so on – for a infinite level system in theory.
The cap by PowerNodes pays out as residual recruitment commissions on nine unilevel teams.
Commissions for the levels are paid in percentages of funds that have been reinvested through the nine levels as you can see below:
- level 1 (personally recruited affiliates) – 3%
- levels 2 and 3 – 3%
- levels 4 to 6 – 2%
- levels 7 to 9 – 1%
What are the Residual Commissions?
PowerNodes pays out commissions on residual basis through a compensation structure that operates on as on a binary function.
Level one of the team holds two separate positions. Level 2 of the team is made by splitting the first two positions into another 2 for 4 total positions, 2 on each.
Later levels of the team are made as needed, each one holding two times as many positions as the prior level.
Any open positions in the team will be filled through indirect and direct recruitment made by affiliates. There is no limit apparently as to how deep a binary team can go down the level.
Investment volume is tallied at the end of each day by PowerNodes on both sides of the team. The new calculated volume is done at a rate of 70% of invested funds across the binary team each day.
10% of all matched funds on the weaker side of the binary are paid out to the affiliates. Any funds leftover after payout are carried over to the following day.
What is the Bonus?
There is a 5% bonus paid out on residual commissions that are made by affiliates on the downline. Any bonus paid out works the same way the unilevel compensation structure does. There is a cap on the bonus payouts of 5 levels down on the line.
How to Join PowerNodes
The company doesn’t even give any information on the affiliate membership or cost of investments on the website. You would think Mize Network is a required membership, with more PowerNodes investments being additional.
PowerNodes in Conclusion
A visit to the company site shows nothing about the corporate structure of the company. It’s a designed-out website, with a lot of effort put into making PowerNodes look like an independent company. Once the company falls, there’s a rush for bringing in new recruits to another scam website.
Unfortunately, the promise of being able to get back lost money in a Ponzi brings in victims to rip off, but for even more loss because the scam will completely disappear.
Before the Mize Network, Adrian Jacuzzi promoted shady Pool Miners. Another scam scenario that operated the same way as PowerNodes – affiliated rushed to bring in recruits before the company collapsed – they took people’s money and fell apart.
The scam within a scam creating is a somewhat new concept that is ripping poor people off in extremely damaging ways, followed by a third, forth and fifth product, etc.
In time, even the most naïve of investors realize their being ripped off and stop investing time, money, and energy in the scam companies. But, by that time, Adrian Jacuzzi would have already reached his goal of stealing money from as many recruits as he can.
Regarding PowerNodes, the company claims to be operating mining for ERC-20 tokens, they’ve set up in only 4-5 minutes time. Besides the 170 million of them, there are no details on the coins provided whatsoever.
Another thing to think about, and be skeptical of, is that issuing ERC-20 tokens is also the means for Mize to wipe a clean slate for the liability of their promised return on investment.
All Adrian need to keep a fake internal token value is nothing. Because once the real ROI starts to fizzle, Mize Network affiliates get paid in PowerNodes coins.
All they have to do at this point is use some crumby marketing tactics, to convince people they own their cryptocurrency and how they can increase their personal value by staking, which is based on no actual facts, then let affiliates duke it out as the true value of the coins drops to zero.
It’s obvious that Mize Network and Power Nodes (Adrian Jacuzzi) are both registered to give securities in any area they work in. Basically, the company is running an illegally operated global business scam.
Also, in terms of pyramids and Ponzi frauds, from the view of a possible investor it’s a secondary observation. It’s still worth keeping in mind that because of the regulatory standpoint that’s a single angle kept by PowerNodes, and how they will likely be approached by outside sources.
Most people understand the operation, stickers put on miners in a secret location. Shady, low-quality YouTube videos and temporary company logo banners connected to miners.
Everything is set in place, except the real disclosure and needed regulatory registration for the company. This isn’t new, we’ve seen this plenty of times in fraudulent MLM cryptocurrency mining schemes. It rarely ends well for the users involved in the operations.
What are your thoughts? What do you think of Adrian Jacuzzi and PowerNodes? Should there be laws in place to protect people from this type of operation? Tell us your convictions in the comment section below.