UPDATE + WARNING:
WalletSync looks to be a copy of the Workmines scam.
Don’t get caught out again!
More details here in my WalletSync Review.
It looks like the Workmines website has been shut down for good.
Because when I tried to visit Workmines.com I got a blank page.
Although it’s possible that the site is down for maintenance…
I highly doubt it.
In my opinion?
I think Workmines is gone for good.
Which is probably not what you want to hear if you paid money to upgrade from the free account.
Here are my thoughts on the Workmines situation at present.
What Was Workmines?
Workmines advertised itself as a GPT (‘get paid to’) website that claimed to pay you for watching videos online.
Which sounds harmless enough.
But when I signed up for myself in order to write my honest Workmines review…
I strongly suspected that Workmines was a Ponzi scheme scam.
It looks like I was correct.
What Happened to Workmines?
As I said.
The Workmines website has gone offline.
There were instances in the past when Workmines was down temporarily for ‘maintenance’.
But it looks like the content on the Workmines domain has now been removed permanently.
Well as I said in my original Workmines review.
Ponzi schemes cannot continue indefinitely due to their unstable business model.
And there comes a time when the scammers have to start paying out more money to existing ‘investors’ than they can afford due to a lack of funds coming in to the scheme.
So it makes sense for the scammers to close down the scheme and run off with the profits before that point is reached.
And that’s what I suspect has happened with Workmines.
Can You Get Your Money Back From Workmines?
It wouldn’t appear so.
I was in contact with a company that may have been able to help…
But it looks like the sum of money lost per-person is likely to fall below their threshold for taking the case.
5 Ways to Avoid Similar Scams
Whilst it may be too late for some in the case of Workmines…
Here are a few things that you should note down to help you avoid similar scams in the future.
Because it’s quite common for the creators of a recently closed scam to set up another one using the same framework but with different branding.
Here are the red flags to watch out for.
1: Don’t Pay to Play
Are you being asked to pay money in order to market the same opportunity to others?
Then it’s almost certainly a pyramid scheme or Ponzi scam.
And you should be wary of schemes that ask for payment upfront with the promise of very high returns in a short period.
Such schemes are usually HYIPs (‘high yield investment programmes’) and will eventually collapse as per the Ponzi model.
2: Be Wary of Unrealistic Rewards
And whilst the unrealistic returns associated with HYIPs usually stick out like a sore thumb…
You may need a keener eye to spot the more subtle GPT site scams.
Because although the £0.31 promised by Workmines per video doesn’t seem out of sorts in an absolute sense…
It’s actually waaay more than you’d get with a legit GPT site like Swagbucks.
You’d be well advised to run in the opposite direction from any ‘social influencer’ or GPT sites that will pay you unrealistic amounts for their affiliate/referral schemes.
Because data harvesting scams such as Clout Bucks are well known for falsely claiming to pay $1 – $2 per click and $5 – $15 per sign up in order to draw others into the scam.
3: Just Because It’s Paying Doesn’t Mean It’s Legit
As we saw in the case of Workmines…
Just because a GPT site is paying out doesn’t mean that it’s not a scam.
Because in the case of Ponzi schemes especially, the first few rounds of investors are paid out to make the scheme seem legitimate.
This causes revenue to surge into the scheme because people see the payouts and jump in without thinking.
Which ultimately leads to large losses for later investors when the owners close up shop and run off with the money.
4: Check the Small Print
I’ve picked out scams on this basis alone before.
Such as the Lootbits scam.
Where despite the front-end of the website clearly leading people to believe that they could earn Bitcoins for completing tasks…
Their T&Cs stated that the money accrued was not real and could never be withdrawn.
5: Look for REAL User Reviews
As per the Review Policy…
You can always trust that the reviews I write here on Online Income Solutions are real and honest.
But there are many fake review websites out there that are designed to lure you into scams by falsely claiming that they made money with a programme, system or product.
Some are easy to spot because they are badly worded or try to sell too hard…
But others are harder to identify.
I found that forums are a fairly good place to get unbiased reviews.
But just be wary of people with few posts recommending that you try the product and then leave a link.
Because it’s likely a fake review designed to get you to click their affiliate link and join up.
What’s the Alternative to Workmines?
In my opinion?
I’d just give GPT sites a miss completely.
Because even the legit ones require far too much effort for very little in return.
I’d focus on building a legitimate online business.
Because that’s what I’ve been doing for the last 12 months.
And if you click the button below…
I’ll reveal the EXACT resource that helped me earn £600 in one DAY from my online affiliate business.
I have been making money online since 2007.
By using a range of strategies that include:
Affiliate marketing, blogging, matched betting, casino-based advantage play, value betting, arbitrage betting, Betfair trading, online surveys, rewards platforms, forex trading, writing eBooks, dropshipping, and more.
(Each with varying degrees of success!)
I have previously worked as a project consultant and content creator in the ‘make money online’ and betting system niches for start-up companies.
But I now specialise in reviewing online money-making systems and products to see if they are scams or the real-deal.
Oh, and I’ve written more blog posts than what’s probably considered healthy!
I’ve created Online Income Solutions to help you get straight to the business of making money online – without wasting your time or money.