Bitcoiners Hub Review – Legit Business or Huge Scam? Find Out Here…
Welcome to my Bitcoiners Hub Review!
So you are thinking about joining an online business, but you don’t know where to start, right?
Well, you’ve taken a step in the right direction just by reading this!
Reading reviews and learning as much as you can about a business before signing up is one of the best ways to ensure you are making the best decision.
My review will cover all the important information, including the company background, products and compensation plan.
Let’s get to it!
Bitcoiners Hub Review – The Company
Bitcoiners Hub doesn’t provide any information on their website about who owns or operates the business.
The Bitcoiners Hub website domain was registered privately as “bitcoinershub.com” on the 11th of August, 2017.
At least companies like iCoin Pro are more transparent…
Bitcoiners Hub Reviews – The Products
Bitcoiners Hub does not offer any retail products or services to affiliates or retail customers.
Affiliates who join Bitcoiners Hub can only market the affiliate membership.
The Bitcoiners Hub Compensation Plan
Bitcoiners Hub affiliates donate bitcoin to each other through a 3×1 matrix cycler.
A 3×1 matrix is simple is nature, requiring only three positions below it to be filled.
When each of the 3 positions are filled, a “cycle” occurs and the position “cycles” to the next cycler tier.
Funds donated across Bitcoiners Hub’s 5-tier cycler look like this:
- Stage 1 (positions cost 0.01 BTC) – Receive 0.01 BTC and cycle into Stage 2
- Stage 2 – Receive 0.01 BTC and cycle into Stage 3
- Stage 3 – Receive 0.02 BTC and cycle into Stage 4
- Stage 4 – Receive 0.04 BTC and cycle into Stage 5
- Stage 5 – Receive 0.24 BTC
Once an affiliate cycles out of Stage 1, they also get a position in a different 3×10 matrix.
This 3×10 matrix puts the affiliate at the top of a matrix that has 3 positions immediately under them.
These first 3 positions make up the 1st level of the matrix and the 2nd level is created by adding another three positions under each of the first three, for a total of 9 positions.
Matrix levels 3 to 10 are created the same way, with every new level holding 3 times as many positions as the level before it.
Matrix positions are filled by directly and indirectly sponsored affiliates who cycle out of Stage 1 of the 5-tier cycler.
Every position that is filled in the 3×10 matrix earns an affiliate a 0.001 BTC commission.
Cost To Join Bitcoiners Hub
The cost to join Bitcoiners Hub as an affiliate is a 0.01 BTC donation.
Verdict on Bitcoiners Hub
All of these “donation” MLM companies work the same way…
With no real products or services to offer, the only way they can keep the income flowing is by continuously recruiting new affiliates…
But it is almost impossible to keep recruitment numbers as high as they are during the initial launch hype…
And once recruitment numbers begin to falter, it becomes a lot harder to meet ROI promises…
When affiliates start to see their ROI percentages dropping, you can be sure they won’t be too happy…
That’s when the mass exodus usually occurs…
So, if you are considering this company, please keep that in mind…
I hope you enjoyed my Bitcoiners Hub review and if you have any questions, please leave them in the comments below…
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