Canaan Mining fails to provide ownership or executive information on its website.

Canaan Mining operates from two known website domains:

  1. canmining.com – registered with bogus details on March 20th, 2025
  2. canmining.cc – registered with bogus details on March 26th, 2025

Both of Canaan Mining’s domain were registered through the Chinese registrar Alibaba (Singapore).

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Canaan Mining’s Products

Canaan Mining has no retailable products or services.

Affiliates are only able to market Canaan Mining affiliate membership itself.

Canaan Mining’s Compensation Plan

Canaan Mining affiliates invest tether (USDT). This is done on the promise of advertised returns:

  • Miner A1246 – invest 10 to 69 USDT and receive 18% a day
  • Miner A1466 – invest 70 to 399 USDT and receive 20% a day
  • Miner A15XP – invest 400 to 999 USDT and receive 22% a day
  • Miner A15Pro – invest 1000 to 4999 USDT and receive 24% a day
  • Air Cooling Mining Box – invest 5000 to 20,000 USDT and receive 26% a day

Canaan Mining pays referral commissions on invested USDT down three levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 8%
  • level 2 – 3%
  • level 3 – 1%

Joining Canaan Mining

Canaan Mining affiliate membership is free.

Full participation in the attached income opportunity requires a minimum 10 USDT investment.

Canaan Mining Conclusion

Canaan Mining is yet another “click a button” app Ponzi scheme.

Canaan Mining misappropriates the name and branding of Canaan, a Singaporean based crypto hardware manufacturer.

Needless to say Canaan Mining has nothing to do with Canaan in Singapore.

Canaan Mining’s Ponzi ruse ties into purported cloud crypto mining. This sees Canaan Mining investors log in daily to “click a button”, which purportedly initiates cloud crypto mining.

Clicking the button daily qualifies Canaan Mining investors to receive advertised daily returns.

If that makes no sense it’s because it doesn’t. Logging into a random app and clicking a button doesn’t generate revenue, through crypto mining or otherwise.

In reality clicking a button inside Canaan Mining’s app does nothing. There is no external revenue; all Canaan Mining does is recycle newly invested funds to pay earlier investors.

Canaan Mining is part of a group of “click a button” app Ponzis that emerged in late 2021.

Examples of already collapsed “click a button” app Ponzis using the stolen identity ruse are Pantera Capital VIP,  Lufthansa MVP and Toyota WRC.

Since 2021 BehindMLM has documented hundreds of “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.

“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).

As part of a collapse, “click a button” Ponzi scammers often initiate recovery scams. This sees the scammers demand investors pay a fee to access funds and/or re enable withdrawals.

If any payments are made withdrawals remain disabled or the scammers cease communication.

Organized crime interests from China operate scam factories behind “click a button” Ponzis from south-east Asian countries.

In September 2024, the US Department of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese human trafficking scam factories.

Trafficked victims report they were forced to scam under threat of violence and having their organs harvested.

Through various companies he owns, Phat is alleged to shelter Chinese scammers operating out of Cambodia.

Myanmar claims to have deported over 50,000 Chinese scam factory scammers since October 2023. With “click a button” app scams continuing to feature on BehindMLM though, it is clearly not enough.

In late January 2025, Chinese ministry representatives visited Thailand. The stated aim of the visit was to tackle organized Chinese crime gangs operating from Myanmar.

In early February 2025, Thailand announced it had cut power, internet access and petrol supplies to Chinese scam factories operating across its border with Myanmar.

As of February 20th, Thai and Chinese authorities claim ten thousand trafficked hostages had been freed from Myanmar compounds.

Also on February 20th, five Chinese crime bosses were nabbed in a wider raid of four hundred and fifty arrests in the Philippines.

On March 19th it was reported that, despite the recent raids and arrests, “up to 100,000 people” are still working in Chinese Myanmar scam factories.

Regardless of which country they operate from, ultimately the same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.