As many of us may have experienced by now, with the rising demand for cryptocurrencies all across the world, it is becoming increasingly more difficult to mine digital coins from the comfort of our homes. Not only are the basic computational requirements becoming more complex, but there are also various regulatory laws that are making it harder to mine currencies in a sustainable, hassle free manner.
What Is GB21?
GB21 is primarily a crypto mining service that makes a bold claim that it is “currently in possession of some of the largest mining farms in the world”. However, there is no factual data to back this up anywhere on the internet. In terms of the services being offered, there are various investment choices that have been offered to customers. They include:
- Mining: the company claims to mine cryptocurrencies on behalf of their investors via the use of smart algorithmic procedures.
- Trading: the official GB21 website states that it makes use of an automated bot that helps trade on our behalf. However, no details regarding the bot have been provided anywhere.
At this point, it should also be mentioned that while the website is quite lavish in its complexity, there are many grammatical errors strewn all across the webpage. Additionally, there is a lot of technical jargon used to describe simple details, making it tough to ascertain whether this project is legitimate or not.
Cryptocurrency Mining, Bot Trading & Staking Key Issues
Lack Of Critical Details:
There are no details of any company members, founders etc given to us. In addition to this, there is no physical address that has been provided on the website.
Upon conducting a quick who.is search, we could not find the name of any people linked to this project. This is because all identities have been hidden via the use of ‘third party protection tools’.
Domain Registration Details:
The website has been registered since 2013, but started its operations in 2015 (According to the website). This points to the fact that this project might actually be legitimate.
Little Known History:
Even though the company has been around for nearly 3 years now, there are very little details about what previous projects, ventures GB21 has been associated with.
According to the website, GB21 claims to have its mining farms situated in China. However, the location of these farms has not been made available (something that seems quite strange to us).
Multi Currency Support:
What GB21 Offers
- Crypto trading: as mentioned before, this project claims to make use of a proprietary bot that has been designed to make smart trades on our behalf. While the website claims that the bot is still in its development phase, it has already been listed under the ‘products tab’ on the website.
- Staking: GB21 claims to have teamed up with another company called MCAPLABS to help users stake their assets in a sensible manner.
There are primarily two different investment packages that users can avail of. In the first offering, customers can invest in systems that present them with “hashing power that allows for altcoin mining”. Similarly, the second package is a mining investment scheme that ranges all the way from $100 to $1000. Lastly, for MCAP investors, the website asks for a minimum of $100 to a maximum of $450,000 per contract.
While this project does not seem to be an outright scam, we still feel that potential customers should tread carefully when investing large sums of money into this service. To register, users need to simply click on the “sign up” button on the homepage. The entire process is quite straightforward, and can be completed within 10 minutes. It is also recommended from our end that investors ask a lot of questions of company representatives before putting their money in. This can be done by sending in an email to address provided on the “contact us page”.