GAINBITCOIN

GainBitcoin appears to be a cloud mining-based bitcoin scam. Find out if it’s really a scam, or if it’s a legitimate investment opportunity today in our review.

What Is GAINBITCOIN?

GainBitcoin, found online at GainBitcoin.com, claims to be a bitcoin cloud mining operation. The company describes cloud mining as “a brand new concept allowing you to earn bitcoins instantly.”

The website appears to market itself to cryptocurrency newbies – including people who have heard about the value of bitcoin, and have heard about people getting rich quick, and want to get a piece of the action for themselves.

In reality, GainBitcoin doesn’t seem to have any legitimate cloud mining operations in place. instead, the company seems to function as a multi-level marketing scheme or pyramid scheme. To join the company, you’ll need to provide the name of your sponsor.

The minimum price to join GainBitcoin is $100. We haven’t found any evidence online of anyone successfully withdrawing money from the company. As far as we can tell, your money will disappear after it’s been deposited into the platform.

GAINBITCOIN Features

GainBitcoin’s front page advertises all of the following features on its platform:

Bitcoin Cloud Mining:

Like other pyramid schemes, GainBitcoin appears to use bitcoin cloud mining as a front for its recruitment-based business model.

Alt Coins Mining:

In addition to mining bitcoin, GainBitcoin claims to mine altcoins.

Instant Mining:

You can start mining immediately after completing the signup process. You activate your mining contract, and the company begins mining on your behalf. Again, there’s no evidence that the company has any type of legitimate mining operations.

Daily Payouts:

GainBitcoin claims to transfer your mined bitcoins to your wallet every day. If you read the fine print a little more closely, the company only claims to transfer mined bitcoin to a specific type of wallet. It doesn’t appear that users can choose their wallet.

Mining Statistics:

The GainBitcoin dashboard promises to make it easy for users to view all mining related information in real time, at any point from any location.

GAINBITCOIN Pricing

GainBitcoin seems to be priced higher than similar bitcoin mining pyramid schemes we’ve seen. The entry level for GainBitcoin appears to be $100. The company has three different entry options available, including each of the following:

MCAP Growth Linked Smart Contract MS1 ($100 Per Contract)

  • SHA-256 ASIC Mining
  • Fixed Term Contracts
  • Receive Monthly Returns
  • More Referrals

MCAP Growth Linked Smart Contract MS2 ($1000 Per Contract)

  • SHA-256 ASIC Mining
  • Fixed Term Contracts
  • Receive Monthly Returns
  • More Referrals

MCAP Growth Linked Smart Contract MS2 ($9800 Per Contract)

  • SHA-256 ASIC Mining
  • Fixed Term Contracts
  • Receive Monthly Returns
  • More Referrals

The company describes its mining plans as “affordable” and claims they’ve been priced “to suit all types of investors.”

Who’s Behind GAINBITCOIN?

Typically, bitcoin-based pyramid schemes use bitcoin because it’s difficult to track the cryptocurrency. That’s why many of these companies refuse to list any contact information or personal information online.

Obviously, you don’t want to send money to anyone online without knowing who they are. So who’s behind GainBitcoin?

GainBitcoin claims to have been founded in 2013. The company’s About page claims that the “company is run by the proficient personnel comprising brilliant programmers and engineers.”

If that awkwardly-worded statement doesn’t give you confidence, then consider this:

“With the experience of total three years in mining digital currency, we have realized the need of safe, effective and prompt mining servers in the industry.”

That’s why they created GainBitcoin, according to the website.

When you try to learn any information about the names of the people running the company, you’ll find plenty of blank pages. The website is filled with broken links.

However, we found one link that works: the company has a PDF brochure available under the “Team and Company Information” page. At first, that brochure seems to be legitimate. However, you’ll soon realize that GainBitcoin just copied a brochure from Amaze Mining & Research Ltd.”, which is a legitimate company backed by legitimate bitcoin miners that’s been covered in legitimate media outlets.

Amaze Mining has no connection to GainBitcoin. As far as we can tell, GainBitcoin just blatantly copied marketing materials for Amaze Mining in an effort to make themselves look like a legitimate company.

The only thing that does seem to be legitimate about GainBitcoin is the domain registration date. The company claims to have been registered in 2013, and WHOIS data confirms that the domain was registered in March 2013.

GAINBITCOIN Conclusion

GainBitcoin provides no information to make us believe it’s a legitimate mining operation. All signs point towards GainBitcoin being a complete scam. The company makes absurd claims about its statistics – it claims to have over 100,000 happy customers and a powerful mining operation, for example, but provides no evidence of any of its claims. Meanwhile, the company’s “About Us” brochure has been blatantly copied from a legitimate bitcoin mining operation.

Ultimately, based on all of the information we can find online today, GainBitcoin is a total scam. Avoid giving the company your money.

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