Omnia Tech is a networking marketing style cryptocurrency opportunity that’s been launched by a guy named Thomas Hintermaier who claims it can enable you to earn passive income through cryptocurrency investments.
According to the website Omnia Tech claims to make cryptocurrency mining accessible for everybody to profit from – but is it actually legit or is Omnia Tech a scam that’s out to part us with our cash?
Let’s find out…
What Exactly Is Omnia Tech?
Omnia Tech is one of the latest cryptocurrency opportunities to launch & it claims to give you a variety of ways to earn money, but says that it’s main focus is making mining accessible to everyone.
The company has been launched by Thomas Hintermaier & Thomas claims that through the Omnia Tech opportunity you can see yourself earning passive daily profits from various different cryptocurrencies.
However it all sounds a little bit fishy to me, especially since there seems to be a heavy focus on recruiting & getting other people to invest in the opportunity. It reminds me of the DasCoin scam.
How Does Omnia Tech Work?
Okay so as I mentioned above there are actually a couple of ways you can earn (or can supposedly earn) through the Omnia Tech opportunity so I’ll explain about each of them in a little more detail.
To start with, Omnia Tech claim to run a cryptocurrency mining operation which they claim you’re able to invest into & will see passive daily returns as a result. You can invest in packages ranging from $100 to $25,000.
They claim your money will be used to purchase hardware so that you essentially become part of the mining operation & that that’s where your profits will be coming from, but to date there is no solid proof of a real mining operation going on.
It’s possible (and likely) that the funds being paid out to investors are merely the funds that are getting paid in by the new investors signing up which of course would be very bad news indeed.
That brings me onto the next point…
Omnia Tech also run a network marketing style recruitment program through which you can bring other people into the scheme & earn commissions on the investments they make (10% on direct referrals).
But being a network marketing style this program also gives you the opportunity to earn commissions across multiple levels – so if the people you refer also refer people then you’ll earn from their investments too.
Which sounds an awful lot like a pyramid scheme…
Don’t get me wrong both options could prove to be quite lucrative but if there’s no real mining operation going on (which I suspect there isn’t) then the only money coming into the company is from new investors…
So if the new investors stop coming so does the money…
And bye bye company!
Is There Really a Mining Operation?
This is the big question – if there is then the company could be deemed to be legitimate, but if there isn’t not only would it be breaking the law but it would also be inevitably going to collapse.
Omnia Tech have a page on their website dedicated to their alleged mining operation & they claim that they’re partnered with Genesis Mining but ultimately there is no solid proof to confirm it.
I’ve seen several other companies like the Power Mining Pool for example that had lied about their mining operations & for that reason I absolutely wouldn’t risk getting involved with a company unless there was undeniable proof.
Also the other red flag is that the company runs a recruitment program alongside their investment scheme which makes it look an awful lot like a Ponzi scheme – something you definitely don’t want to be involved with.
Literally every single cryptocurrency opportunity that I’ve come across so far that also operated a recruitment scheme has turned out be a scam – aside from the Bitcoins Wealth Club at least.
My Verdict – Is Omnia Tech a Scam?
At the moment there is no way to definitely say whether it is a scam or not but due to the lack of evidence regarding the mining operation I certainly won’t be recommending it because in my opinion it’s leaning towards being a Ponzi scheme, especially with all the recruiting going on.
If they’re able to provide solid proof of the mining operation then it could be deemed as legitimate but at the moment based on what I can see & what I have seen with similar companies it just looks far too risky.
There is a good chance that if you invest money into this company that you won’t see it again because like we’ve seen with companies such as JetCoin they just go bust & disappear overnight.
Ultimately there is no need to participate in schemes like this anyway because most cryptocurrencies are going up in value meaning you’ll be able to make money just by holding the coins.
It seems to me like these schemes are just out to take advantage of people who are looking to making bigger & faster returns – but clearly that doesn’t come without a higher degree of risk.
So overall I won’t be recommending this company because whilst I can’t 100% confirm it I have a hunch that it’s not legitimate & by participating in it you could end up losing all of your investment.