March 7, 2021 by Brian Priest Welcome to my MyGBit Review. Is this a legit Cryptocurrency Mining MLM? Or just another scam designed to take your money? That’s what we are going to find out in this MyGBit.com review.
Spread the Love by Sharing! 🙂
Hello everyone and welcome to my MyGBit Review. I’ve noticed a lot of talk lately about this Cryptocurrency Mining MLM. So I decided to dig deeper and see what all the chatter is about.
And I’m sure you’ve been online and seen the barrage of business opportunities, and self development, and training courses being offered on an hourly basis. And in the process of things you may have seen the opportunity to take advantage of the MyGBit Mining company’s Cryptocurrency mining and or business offer.
Or maybe you have even been approached by someone about their Investment or Business opportunity. And you came here to find out if it’s legit. So we are going to go through the company, the products, the compensation plan, as well as the what it will cost to join the team. Then you will be able to make an educated decision about your future with the MyGBit Mining company.
So stay with me until the end. Because unlike so many of the other MyGBit Reviews out there I’m going to straight with you. And as a reminder remember to pay close attention as we go through our MyGBit.com review.
Hey though before we start…
If you want to learn how to actually make money online and build something long term without getting scammed, partner with me below and I will show you the right way…
Now let’s get started and see what we can dig up in our MyGbit.com Review.
What Is MyGBit.com?
The MyGBit Mining Company is a cryptocurrency mining MLM that is focused around Ethereum (ETH) mining. As a matter of fact the first thing you see when visiting their website in big bold type are the words, “Welcome to MTGBIT The Biggest ETH Mining Facility.” In addition to that they have quite an elaborate compensation plan at first glance. So let’s see if this company can deliver the goods in out mygbit.com review.
MyGBit Review – The Company
One of the first things I noticed when visiting the mygbit.com website is that they do not give us any information as to who own or runs the company. However they do give a Turkish address for the company. And that address is: Üçevler Mah. 70.(220) Sk. No:1/22 İbrahim Yazıcı Plaza, D:1, 16270 Nilüfer/Bursa.
In addition to that they do give us a pretty neat introduction video on the website that says absolutely nothing. But just for kicks and giggles here it is.
MyGBit Review – The Founder and CEO
But after a little digging around I was able to discover that the Founder and CEO of the MyGBit Mining Company is a gentleman by the name of Cengiz Isbilir.
In addition to this discovery I also that his Facebook page only goes back to September 2018. Which coincides with the MyGBit Mining Company’s formation. Although there are a couple of areas the credit the company’s creation date back to 2015, including Cengiz Isbilir’s Facebook profile. However I’m still convinced it didn’t get started until the Fall of 2018.
MyGBit.com Review – The Company Domain
When I looked up the registrar information on the MyGBit Mining company’s website domain name. I discovered that it was registered on April 25, 2016. And then again updated April 28, 2020. But get this, the first registration was for 5 years. However when the MyGBit.com domain was updated, it was registered for 10 tears this time and is not set to expire until late April 2030.
And when I see that I can’t help but think that they are actually doing something legit. The Domain was registered by a reputable corporation named: MyGBit Cloud Mining A.S.
So all of this seems to point to the MyGBit Mining Company being based out of Turkey which would line up with another promo video that the company produced and released which is in the Turkish language.
Alright now that we have that covered let’s see what the MyGBit Mining Company offers for products or services in our MyGBit Review.
Hey But First Check This Out Real Quick. Finally A True Learning Platform
Are you looking to start an online passive income? CLICK THE BANNER BELOW NOW to find out how you can get started the right way. Plus EVERYONE GETS ONE-ON-ONE MENTORSHIP.
That was so awesome wasn’t it! Ok Now Let’s Keep Moving with our MyGBit Review.
MyGBit Review – The Products
The MyGBit Mining company doesn’t have any retail products or services to offer retail customers.
So the only thing you can do is to become an affiliate and promote the affiliate membership and investment opportunity.
In addition to that you can invest in the investment opportunity as well.
Ok now let’s move right along and see what the MyGBit Mining company offers its affiliates as a compensation plan inside of our mygbit.com review.
MyGBit Mining Compensation Plan
MyGBit Mining company affiliates must invest specified amounts of funds in order to receive advertised daily Returns on investments. And below is a list of those specified investment amounts and their respective advertised returns:
- Starter – Invest $50 to $500 and get 0.34% a day
- Miner – Invest $500 to $1000 and get 0.36% a day
- Pro Miner – Invest $1000 to $2500 and get 0.38% a day
- Senior Miner – Invest $2500 to $5000 and get 0.4% a day
- Chief Miner – Invest $5000 to $10,000 and get 0.42% a day
- Master Miner – Invest $10,000 to $25,000 and get 0.45% a day
- Masterchief Miner – Invest $25,000 to $50,000 and get 0.48%
- Limitless Miner – Invest $50,000 or more and get 0.5% a day
In addition to that MyGBit Mining Company Affiliates have multiple opportunities to increase their daily ROI rates by doing all or some of the following:
- Advertising MyGBit Mining on social media
- Reaching personal sponsorship milestones
- Reaching personal investment milestones
And now we are going to look at Referral Commissions in our mygbot.com review.
Referral Commissions – MyGBit Review
MyGBit affiliate Referral commissions are earned on the funds invested by personally sponsored affiliates. And the referral commission rate is dependent on the amount that the referring MyGBit Mining company affiliate has personally invested themselves invested:
- Starter tier affiliates earn a 6% referral commission rate (9% fast start)
- Miner tier affiliates earn a 7% referral commission rate (10% fast start)
- Pro Miner tier affiliates earn an 8% referral commission rate (11% fast start)
- Senior Miner tier affiliates earn a 10% referral commission rate (13% fast start)
- Chief Miner tier affiliates earn a 12% referral commission rate (15% fast start)
- Master Miner tier affiliates earn a 14% referral commission rate (17% fast start)
- Master Chief Miner tier affiliates earn a 15% referral commission rate (18% fast start)
- Limitless Miner tier affiliates earn a 16% referral commission rate (19% fast start)
In addition to that it shouls be made clear that the fast start referral commission rate is only paid during an affiliate’s first 14 days with the MyGBit Mining company.
Residual Commission Payout – MyGBit.com Review
The MyGbit Mining Company tracks and pays its affiliates Residual Commissions through a binary compensation structure. And in a binary compensation structure an affiliate is placed at the top of a binary team that is divided into and left and right side.
In addition to that Level one of the binary team holds 2 positions. And then level two is created by dividing these first 2 positions into another 2 positions each for a total of 4 positions.
And additional binary team levels are created as needed. However every new level holds twice as many positions as level before it. And positions in a binary structure can be filled directly or indirectly by affiliate team members. In addition to that there is no limit as to how big the team can grow.
Payouts – Residual Commissions
Then at the end of each week the MyGBit Mining company counts up all of the new investment volume on each side of the binary team. And MyGBit Mining company Affiliates earn a percentage of the investments on the weaker side of the binary team.
And just like the referral commissions. The Residual commission rate is dependent on the amount that the referring MyGBit Mining company affiliate has personally invested themselves invested:
And below is a list of those specified investment tiers and their respective commission rates:
- Starter tier affiliates earn a 6% residual commission rate
- Miner tier affiliates earn a 7% residual commission rate
- Pro Miner tier affiliates earn an 8% residual commission rate
- Senior Miner tier affiliates earn a 10% residual commission rate
- Chief Miner tier affiliates earn a 12% residual commission rate
- Master Miner tier affiliates earn a 14% residual commission rate
- Masterchief Miner tier affiliates earn a 15% residual commission rate
- Limitless Miner tier affiliates earn a 16% residual commission rate
In addition to that once a commission is paid out, the investment volume is matched with the stronger side of the binary team and flushed. And any volume that is leftover on the stronger binary team side is carried over.
Rank Achievement Bonuses – MyGBit.com Review
The MyGBit Mining company Affiliates also receive Rank Achievement Bonuses for meeting downline investment volume goals. In addition to that Rank Achievement Bonuses are determined by Career Point accumulation.
And there are 3 ways to accumulate Career Points:
- Referral commission earned x 1000
- Residual commission earned x 500
- Rank Achievement Bonuses earned = 15,000 Career Points per rank
And after the MyGBit Mining company has determined the total of an affiliates accumulated Career Points, the affiliate is rewarded with the respective Rank Achievement Bonuses which are listed below:
- Coordinator – Generate 20,000 Career Points and receive an iPhone 12
- Supervisor – Generate 80,000 Career Points and receive a MacBook Pro
- Executive (Generate $200,000 in weaker binary team volume) – receive a “Turkey Vocation Mining Farm Tour”
- Diamond (Generate $800,000 in weaker binary team volume) – receive a Mercedes Benz C-Class
- Blue Diamond (Generate $1,600,000 in weaker binary team volume) – receive a Mercedes Benz S-Class
- Black Diamond (Generate $4,000,000 in weaker binary team volume) – receive a Ferrari 458
- Royal Diamond (Generate $8,000,000 in weaker binary team volume) – receive a Rolls Royce
- Consul (Generate $40,000,000 in weaker binary team volume) – receive a “private jet”
- Ambassador (Generate $80,000,000 in weaker binary team volume) – receive a “30M ultra lux yacht”
Now that we have that covered let’s find out what it costs to join the MyGBit Mining company as an affiliate inside of our MyGBit.com Review.
MyGBit Review – The Cost to Join
The MyGBit Mining Company Affiliate membership is free. You just have to fill out the form.
now comes the part you’ve been waiting for. And unlike a lot of all the other MyGBit Reviews out there I am going to be straight with you. So stay with me just a few more minutes and remember to pay close attention. Because here are…
My Final Thoughts
So is there some kind of scam going on behind the scenes at the MyGBit Mining Company. Well let’s tale a look at the information we have collected and see what the evidence tells us.
The first thing that comes to my mind about this company is the fact that the Founder and CEO of the company, Cengiz Isbilir, seems to be in this for the long haul. I mean he registered the domain for another 10 years. And that after first registering it for a 5 year stretch.
However the company is not without a few concerns. First they have no retail products or services. But that can be relatively easy to resolve.
In addition to that though, they are also offering Returns on investments. Because of that reason the MyGBit Mining Company needs to be registered with securities fraud agencies in countries of operation. And seeing that the website’s largest traffic sources are coming from the United States, Mexico, and Argentina. They should at minimum be registered with the SEC. And they currently are not.
When I was doing my research for this review I came across something very interesting concerning the returns that the MyGBit Mining company used to offer.
Because it seems that before MyGBit Mining company offered flat ROI, they were offering fixed ETH:
MyGBİT INVESTMENT PACKAGES:
- Standard: BUY: $ 500 | Time: 18MH / s Monthly: 0.080 ETH
- Apprentice: BUY: $ 1000 | Time: 37MH / s Monthly: 0.167 ETH
- Manager: BUY: $ 2000 | Time: 75MH / s Monthly: 0.335 ETH
- V Manager: BUY: $ 4000 | Dig: 160MH / s Monthly: 0.722 ETH
- Executive [sic]: BUY: $ 8000 | Dig: 340MH / s Monthly: 1.530 ETH
- V Executive [sic]: BUY: $ 16000 | Price: 700MH / s Monthly: 3,160 ETH
- Present: BUY: $ 32000 | Sity: 1600MH / s Monthly: 6,770 ETH
- V Present: BUY: $ 64000 | Kazim: 3500MH / s Monthly: 15.790 ETH
- Founder: BUY: $ 128000 | Time: 7000MH / s Monthly: 31.59 ETH
But whether the company is offering fixed ETH or ROI, it’s clear that MyGBit Mining is a passive income opportunity. But my point is they the company seems to be evolving and very well could be a solid investment in the future.
However for the reasons stated earlier I can not currently recommend this company the way is is. Because they could fold and exit scam. Or they could get shut down by SEC or the FTC, or some other financial regulators.
All in all i do believe it is The MyGBit Mining company’s intention to be legit. But money has the potential to change some people character if they are not right from the get go.
Save your money and invest in something stable.
As a matter of fact something even better is invest in yourself. And be the creator of your own future. Because you are totally worth investing in for real.
However Before You Go
Thanks for stopping by. And I hope you enjoyed my MyGBit.com Review. If you have any questions or comments, please feel free to comments section below. And I will get back to as soon as I am able.
And again thank you for reading my MyGBit Review
Hey By the Way remember to get on my email list..
CLICK THIS LINK NOW to get on our mailing list, and to watch a free training video on the Digital Economy. Thanks
And don’t forget to check this out! Finally, A True Learning Platform
If you are serious about building a business online and want actual results for the long haul…
Click the button below and get started:
Our team will show you EXACTLY how to build a business online and customize a plan just for you.
We will help you choose a nice, setup your online business, and find offers that you can promote.
You can even use a network marketing company if you qwant to, because the sky is the limit.
And in addition to that, you will get ONE on ONE mentoring to make sure you are doing things right.
Follow Me On Facebook Here.
Subscribe To My YouTube Channel Here.
Follow Me On Instagram Here.
Follow Me On Twitter Here.
You can make it, I’ll See you at the top,
Thanks again for being here, I really do appreciate it. 🙂
Hey, CLICK THIS LINK NOW to get on our mailing list, and to watch a free training video on the Digital Economy. Thanks