BitCentrix Review: Bitcoin mining = 200% ROI in 10 days?
BitCentrix provide no information on their website about who owns or runs the business.
The company website does have an “About BitCentrix” page, however it provides only generic marketing copy and stock images.
The BitCentrix website domain (“bitcentrix.biz”) was first registered on September 2nd, 2016. The domain registration was recently updated on September 12th, 2017.
Farhan Khan is listed as the owner of the domain, through an address in Punjab, Pakistan.
Other domains owned by Khan include “dailymining.biz” and “miningprofit.biz”, both of which have a HYIP ring to their name.
Outside of the domain registrations detailed above, I wasn’t able to find any additional information on Khan.
I have noted that Farhan Khan is the name of a well-known Indian actor and model, so there’s a chance whoever is running BitCentrix is using it as a pseudonym.
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.
BitCentrix has no retailable products or services, with affiliates only able to market BitCentrix affiliate membership itself.
The BitCentrix Compensation Plan
BitCentrix affiliates invest funds on the promise of an advertised ROI:
- invest $10 to $200 and receive a 110% ROI in 24 hours
- invest $501 to $2500 and receive a 140% ROI in 3 days
- invest $2501 to $50,000 and receive a 200% ROI in 10 days
BitCentrix pay referral commissions on funds invested via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
BitCentrix cap payable unilevel levels at ten, with referral commissions paid out as a percentage of funds invested across these ten levels.
- level 1 (personally recruited affiliates) – 10%
- levels 2 to 10 – 2%
Joining BitCentrix is free, however participation in attached income opportunity requires a minimum $10 investment.
The ruse behind BitCentrix’s ROI revenue is “bitcoin mining and other coin project(s).”
Naturally no proof of bitcoin mining or indeed any cryptocurrency “projects” is provided.
Furthermore BitCentrix’s business model completely fails the Ponzi logic test.
If the BitCentrix admin was able to legitimately generate a consistent 200% every 10 days (that’s 7300% annually, without compounding), surely they’d keep it to themselves and retire among the world’s richest in a few years?
But instead they’re soliciting investment from randoms over the internet?
The reality of BitCentrix is that new affiliate investment is the only source of revenue entering the company.
Using newly invested funds to pay off existing investors makes BitCentrix a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will see BitCentrix unable to meet its ROI obligations, eventually prompting a collapse.
At 200% every ten days, by the time you read this review there’s a good chance BitCentrix is already dead in the water.