iHub Global Review: Helium Network Token mining
iHub Global provides no information on its website about who owns or runs the company.
As I write this, iHub Global’s website is little more than a marketing video and affiliate login button.
Privacy Policy, Terms & Conditions and Disclaimer links at the bottom of the website are disabled.
iHub Global’s website domain (“ihub.global”) was privately registered on December 3rd, 2020.
Further research reveals iHub Global has an official Vimeo channel. This channel isn’t linked on iHub Global’s website.
Marketing videos on iHub Global’s Vimeo channel are hosted by Chuck Hanson (right).
Hanson refers to iHub Global in the possessive but doesn’t disclose his official position within the company.
Another name I recognized in iHub Global’s marketing presentations was Rick Cotton (aka Richard Cotton).
Cotton (right) first appeared on BehindMLM as the co-founder and CEO of eXfuze.
This was back in 2013. In 2019 eXfuze rebranded as KZ1. By this stage Cotton was no longer CEO but retained a controlling interest in the company.
In response to BehindMLM’s published KZ1 review, Cotton appeared in the comments to discredit our research.
You pretty much missed the mark on 50% of your findings.
At one time I would come to your site and it was reputable but honestly I do not believe that to be the case anymore.
After addressing the points Cotton made with evidence, Cotton only returned to spit the dummy.
In his comments (circa 2019), Cotton claimed he was “still actively involved” in KZ1. Whether that’s still the case is unclear.
In iHub Global Cotton seems to be in charge of creating marketing funnels. As with Chuck Hanson, Cotton’s specific role within the company isn’t disclosed.
The only executive disclosed in iHub Global’s marketing material is COO Randall Pires.
Pires doesn’t have an MLM history but is a co-founder of Emrit. Emrit appears to be iHub Global’s hardware supplier.
Read on for a full review of iHub Global’s MLM opportunity.
iHub Global’s Products
iHub Global has no retailable products or services, with affiliates only able to market iHub Global affiliate membership itself.
iHub Global affiliates are able to purchase Emrit Coolspot Helium Network Token mining devices.
Our CoolSpot allows you to deploy a Long Range Wide Area (LoRaWAN) wireless connection for any LoRaWAN smart device up to 5 miles away. It’s like a hotspot, but cooler.
The general idea is that, in addition to mining HNT tokens, a CoolSpot device provides internet connectivity for Internet of Things devices.
These are typically small devices used as sensors, often providing interconnectivity through mobile apps.
An example provided in iHub Global’s marketing material is a smart dog collar with tracking functionality.
Owners of CoolSpot devices are rewarded with HNT based on connectivity to their hotspot.
The network side of things is handled by Helium Network, creators of HNT. Note however that actual hotspot internet connectivity still requires access traditional internet connection.
iHub Global sell miners to affiliates for $350. Chuck Hanson claims iHub Global isn’t making any money on the sale of miners.
iHub Global’s white labeled Emrit miner contains custom firmware, which allows integration of their MLM opportunity.
RAK Miners sold through iHub Network split every 100 HNT mined or earned as follows:
- 50 HNT is paid to the affiliate
- 30 HNT is paid into iHub Network’s compensation plan
- 20 HNT is kept by iHub Network
Helium Network advertise a RAK Hotspot Miner on their website. Clicking through goes to Cal Chip, who sell a V2 miner for $344.99.
Calchip also sells an iHub Global branded miner for $394.99 (lulwut?).
Emrit also sells miners on their website, which is presumably the same hardware as provided to iHub Global affiliates.
Currently Emrit are giving away their miners for free:
(I’m assuming this is a temporary pricing error… maybe?)
Update 13th March 2021 – Chuck Hansen has written in to advise;
Just to clarify we only have ONE PRODUCT and it is purchased directly from the manufacturer’s website – they charge us an additional $50 provisioning charge to add the software in the unit and the address it will be installed at.
Based on this it seems the $394.99 price CalChip have advertised is the correct price for an iHub Global branded miner. /end update
iHub Global’s Compensation Plan
iHub Global affiliates sign up, either for free or for $99 annually. There is no compensation difference between the two options.
Instead, iHub Global compensation tiers are tied to personal recruitment:
- the first 1 to 5 affiliates recruited are placed in your Pro Team
- the next 6 to 15 affiliates recruited are placed in your Bronze Team
- the next 16 to 25 affiliates recruited are placed in your Silver Team
- every affiliate recruited from 26 is placed in your Gold Team
Commission rates are paid on HNT mined by CoolSpot hardware purchased by recruited affiliates.
- the Pro Team pays 10%
- the Bronze Team pays 15%
- the Silver Team pays 25%
- the Gold Team pays 30%
Note that these are percentages of 30% of the total HNT mined by each recruited affiliate.
Residual Commissions
iHub Global pays residual commissions 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.
Residual commissions are paid out as a coded bonus, allowing affiliates to earn a percentage of HNT mined by their downline’s Pro Teams.
- 5% is paid out on HNT generated by the Pro Team of every affiliate in your Bronze Team
- 15% is paid out on HNT generated by the Pro Team of every affiliate in your Silver Team
- 20% is paid out on HNT generated by the Pro Team of every affiliate in your Gold Team
Pro Team Bonus
iHub Global affiliates receive a $500 bonus if they fill a Pro Team within their first 30 days (recruit five affiliates).
Whether the Pro Team Bonus is paid out in USD or HNT is unclear.
Joining iHub Global
iHub Global affiliate membership is either free or $99 annually.
The $99 affiliate option provides access to marketing funnels.
Conclusion
On Vimeo iHub Global describes itself as “THE WORLDS MOST AWESOME PASSIVE INCOME OPPORTUNITY”.
Early presentations pushed the Helium Network, a supposed solution to roaming devices that might find themselves without internet connectivity.
Later presentations however focused more on mining HNT. And it wasn’t long before “we’re gonna be the next bitcoin!” marketing cliche was trotted out.
Before we get into iHub Global’s compensation plan, there are a few issues I want to address regarding Helium Network.
When I first looked into my initial thought was why would anyone offer up their internet connection to complete strangers?
In theory IOT devices don’t consume much data. This I found amusing as one of Helium Network’s marketing points is the potential high cost of mobile data plans.
If your connected IOT devices aren’t using much data, surely it’s more convenient to run an IOT device on existing cellular data networks that already provide widespread coverage?
Another point to consider is IOT devices being notorious security liabilities. This sees them frequently hijacked and turned into destructive botnets.
What I’m unclear on is whether any IOT device can be hooked up to Helium Network or whether only specific hardware running specific software is compatible.
There’s no information regarding this provided on Helium Network’s website.
If it’s the former, then I can guarantee you if someone put in the effort they’d be able to utilize whatever the maximum throughput of a CoolSpot device is (subject to the limitation of the internet it’s connected to).
If it’s the latter, then this concept is never going to take off. Buying restrictive hardware that relies on a network provided by randoms is a terrible business model.
Not that any of that really matters, because at the end of the day all anyone is actually concerned about is accumulation of HNT tokens, hoping for a moon and cashing out.
Other than speculative investment, I can’t see any use for HNT tokens. Helium Network and its principals are sitting on a boatload of them, as well as whatever early adopters have mined.
There’s no inherent value provided by HNT, and that’s reflected in the poor trading volume.
Up until very recently HNT was being traded at a few hundred thousand a day on average.
There’s been two 2020 pumps since launch, August 12th and September 23rd.
September 23rd in particular is suspicious, as trading volume jumped to $35 million up from $3.6 million and $6.8 million the day before and after.
On January 22nd HNT began to pump again, raising the public trading value from $1.50 to its current $6.76.
As I write this something dodgy is going on, with trading volume spiking on March 11th to $52 million.
That’s up from an average of about $3 to $6 million daily over the past two months.
Outside of the general crypto market pump, why is this happening?
Certainly it’s got nothing to do with iHub Global, who to date don’t even have a functional website.
HNT token itself is just as useless as ever, and there have been no significant announcements by Helium Network. At least nothing that’d cause a $50+ million 24 hour trading spike.
That leaves us with good ol’ manipulation.
HNT is essentially a house of cards, that will collapse once those who’ve been hoarding it cash out.
In that sense it’s no different to any other shitcoin out there. The only reason I’ve bothered to investigate is HNT going up in value is iHub Global’s primary marketing pitch.
Sign up, buy a “money machine” as Chuck Hanson refers to the miners, accumulate HNT (quoted average of 3000 HNT annually per miner)… something something token manipulation, cash out.
Whether you want to get in on that is up to you, I’m just providing facts behind the marketing hype.
On the MLM side of things iHub Global’s primary issue is everyone is an affiliate.
The FTC classifies MLM companies without retail sales as pyramid schemes.
One plus is I saw no mention of the optional $99 annual fee being commissionable, so at least there’s that.
Update 19th March 2021 – Chuck Hanson has confirmed the $99 fee is not commissionable. /end update
One glaring negative is the barrier-to-entry of six recruits to access MLM commissions.
I don’t have any official figures to cite but it’s an open secret that most people who sign up to MLM opportunities don’t recruit anywhere near six people.
Why this matters is, and I think this might be true for most of iHub Global’s affiliates, you’re only keeping 50% of mined HNT.
If you can’t recruit six, who have to recruit another 1 to 5 each in order for you to make up the remaining 50% HNT difference, you’d simply be better off running your own HNT mining hardware outside of iHub Global.
With all commissions tied to recruitment iHub Global’s business model remains out of regulatory compliance.
The quick fix to this is cutting off free affiliates from commissions, making them retail customers.
I think the issue iHub Global faces with that decision though is Emrit and Cal Chip selling near-identical mining hardware.
Why share mined HNT with an MLM company when you can just buy the miners yourself and keep 100% of the mined tokens?
Glad I’m not the one who’ll have to work that one out. Approach with caution.
Update 17th July 2023 – iHub Global’s original HNT grift has predictably collapsed.
Victims are now being funnelled into Richard Smith’s TranzactCard.
This is defamation because it isn’t the facts as you claim. Everything that is true you make it out to be nefarious and then your speculation and misinformation is inexcusable.
(Ozedit: attempt to take discussion offsite removed)
iHub isn’t a multi-level organization, its described as direct marketing which is paying a commission to as many affiliates as you care to sign up.
And the nature of Helium is such that you must host them out at other peoples places because they must be 300m apart. This means that the host is sharing in 10% of the rewards for just plugging the unit in.
So after a few weeks they ask to buy it so they can earn 50% instead of the 10%.
So even if you hate selling, with iHub you can’t help but grown a downline of over 100 in a few weeks like I have. And only serious marketers by the $99 marketing funnel most just use the free back office as its plenty good enough.
Since you wrote this report iHub has grown from 1,000 units in Feb to over 10,000 in April. And Helium just keeps going higher, its $18 today.
And maybe you can’t see the use for the IoT but today it has a market value of over $800B and over 100 companies have contracted with Helium to buy their data.
You falsely claim that it uses little data so how could it be useful, it doesn’t use much when connected to your wifi, that isn’t where the data is shared, it is shared over the 915MHZ network that each device is creating.
Do your homework before you slam another company. I have been in this since March and in my opinion Helium is the most ingenious company that I have ever seen and iHub allows us to earn up to 75% of our own hotspots and a small percentage of those in our downline which will grow quickly to a hundred and before you know it over 1,000, that’s why I’m willing to share my tokens, to reward those who are growing my team 🙂
MLM comp plan = MLM company.
That’s all Helium is, a speculative investment vehicle. Just like every other shitcoin.
Internet of things isn’t an entity, it can’t have a market value.
I didn’t state the devices were worthless because they connect to wifi or not, I said they are worthless because of the tiny amount of data transmitted. Your response doesn’t address that.
Says the copy + paste marketing materials, “number go up hur dur” recruitment marketing hack.
Enjoy holding those bags when recruitment inevitably collapses.
1) MLM under the law isn’t the same as a direct marketing company. (Ozedit: snip, see below)
2) Can you tell me what isn’t speculative? (Ozedit: snip, see below)
3) IoT is a technology (Ozedit: snip, see below)
4) The Helium market cap today is worth $1.5B. Why would that be? (Ozedit: snip, see below)
(Ozedit: marketing spam removed)
This isn’t the place to crypto shill. Not interested.
Cool. I never said anything about dIrEcT mArKeTiNg CoMPaNiEs.
iHub Global uses an MLM comp plan. MLM comp plan = MLM company.
If you want to discuss speculation do it somewhere else. I brought it within the context of you being a perfect example of someone who pretends to be iN iT fOr ThE tEcH, but really only cares about shitcoin number go up.
IoT literally describes devices that aren’t PCs, smartphones or laptops/tablets connected to the internet. That’s all it refers to.
It’s not a technology and it doesn’t have a market cap.
Because new bagholders invest. Same as any other shitcoin.
1) Because I objected to your slanderous attacks and now you have no answer so now you call me a shill, really? Call me up, I’m no shill.
2) AGAIN, YOU RAISED THE ACCUSATION THAT IT WAS SPECULATIVE, SO WHEN I ANSWER HOW LITTLE IT IS, LESS THAN DOING ANYTHING ELSE I KNOW, THEN YOU TELL ME TO THAT I’M ONLY IN IT TO SEE IT GO UP.
Obviously, you ignored what I said, even if it was at 50c we could make a lot of money because it literally cost us nothing to plug the miner in.
And yes, everyone that I bring into this will make very good money unless there is a massive collapse within the next few weeks and the tokens crash to 1c or so. That is possible but unlikely.
You obviously have zero understanding what IoT is and what items will use the technology.
For example, if you had a IoT technology fridge then it can tell you when your food is about to expire. Or if you have a IoT dog collar then at all times you can know where your dog is. Or if you’re looking for a parking spot in a 5 story parking lot the IoT technology parking app will tell you where the vacant ones are.
If you wanted to know how much time you have left on the parking meter the app will tell you, and if you want to know what the air quality is in LA for example then the IoT app will tell you because the company has placed hundreds of sensors all over the countryside. etc… just a few of the IoT that are currently using the Helium network.
And yes, when you have a successful company people like to invest in it. Helium was funded by numerous venture capitalists who liked their business plans so a number them invested over $60 million as the seed capital which allowed the company to bring their hotspots to market and begin the rollout of their worldwide network for the IoT.
You don’t have to like it but when you make false and misleading claims against it then it requires a response.
Hmm. Would that be Rick Pol of R&R Marketing, LLC, in South Carolina?
I do not think that I saw any disclaimers about your company’s relationship with iHub, just some personal testimonials which are worthless from a legal standpoint.
I’m not a owner of iHub and I’m not an employee, I joined as an affiliate in March and I was answering the slanderous accusations and misleading information contained in this post.
Everything I’ve shared is my opinion of what I know and what I’ve learned since I joined.
No I called you a shill because you’re on here pretending to cArE aBoUt ThE TeCh, when it’s just the same old “number go up” story.
Right, but that doesn’t matter when you’re crapping on about the shitcoin’s value. At least be honest about shilling, geez.
You could generate a gazillion shitcoins. If no new saps are investing into the coin though, you’ve got nobody to offload your bags onto.
JFC, how much of an out of touch boomer are you?
Internet fridges have been around since 1998. I have my eyes to know where my dog is, or I could just get something to sync with my phone.
Any large carpark in my area already tells you where free spaces are when you drive in. Most councils with metered parking already offer apps for convenience.
Air quality information? That’s been around since what, the dawn of mobile apps?
The fuck do I need individual IoT devices for each of these use-cases? Complete and utter waste of resources.
Face it, cell phones have made IoT outside of the home largely irrelevant.
Which means HNT’s use-cases are typical solutions without a problem crypto bullshit. Nobody cares except HNT bagholders.
Preferably from someone with a clue that can actually establish false and misleading claims, and who isn’t reading off marketing material.
So I was bang on the money. Can smell a marketing shill a mile away.
Ummm so I just signed up for a company and paid the same price for miners that only let me mine 50% of what I make?
If I sell them then what happens? The other person only mines 50% of the coins as well?
If they wanted to participate in iHub Global then yes. Otherwise you’re looking at a firmware flash or some such I imagine.
iHub.Global is an MLM company with a compensation plan that pays commissions on multiple levels. They claims they are not MLM but a direct sales company, like so many MLM’s attempt, but the comp plan tells all.
The iHub.Global business model relies on another company named Helium for it’s products and source of revenue.
Helium is a cryptocurrency company with a coin by the same name traded publicly under the symbol HNT. Helium proposes a network of hubs to support IOT devices for which the hub owners are paid in HNT coins based on network coverage and concentration.
iHub.Global is reselling the Helium hotspot hubs through a supplier named Emerit. iHub.Global appears to not be making money on the purchase of the hubs, or on the registration of new affiliates (other than the optional $99 non-commissioned fee for a marketing tool).
iHub.Global receives HNT coins from Helium for the hotspot hubs that it deploys through its affiliate network. Those HNT tokens are then redistributed to the affiliate network.
iHub.Global keeps 20% of the HNT coins received from Helium plus all the breakage in the 30% affiliate coins that don’t get paid out due to non-qualification.
iHub.Global may not have any legal structuring issues. It is selling a legitimate hotspot hub product that is also being sold outside of iHub.Global. It is not charging new affiliate fees and paying commissions on recruiting.
iHub.Global has taken the existing Helium business model and added an MLM layer to redistribute the normal commissions. This has been done before with affiliate shopping models as an example. There is nothing illegal with doing this, but it does beg the question, why not just go directly to the source of revenue and earn 100% of the commissions? Of course, unless you are not buying the product and only referring others to buy the product for which you can earn MLM referral commissions.
The fundamental problem is actually not with iHub.Global, but with Helium. Both Helium and iHub.Global are relying on the value of the HNT coin. The HNT coin is publicly traded and its price is determined by the public market. The balance of buyer and seller demand determines the price of the HNT coin.
First of all, The long-term value of any cryptocurrency coin or token is based on its utility demand. For what purpose would anyone buy and use the coin outside of speculative trading?
When cryptocurrency enters mainstream adoption the only coins that will survive are those that generate the majority of their buyer demand for a utility purpose. There may still be some speculative trading, like we have today with precious metals, but most of the buyer demand must come from utility demand.
The only thing that Helium and iHub.Global are generating is SELLER DEMAND. HNT coins are distributed for hotspot hubs, not dissimilar to airdrops or faucets. They are all distribution models with the false promise that the larger the network of coin holders, the higher the price of the coin. That is a fallacy. Everyone that receives the coins has one objective, sell them for a profit.
There is nothing in the Helium business model to incentivize people to buy and use the coins for a utility purpose. HNT buyer demand is 100% speculative. The price of the coin will crash when coin holders start cashing out in mass. The is no utility buyer demand to offset the natural seller demand.
The HNT value strategy is pure marketing hype. The recent marketing materials I reviewed quoted the HNT price around $17 – $18. As of this writing, CoinMarketCap.com has the price of HNT at $12.58.
Money can be made in the short-term from other fools that fall for the marketing hype, if you can sleep at night with that. But the long-term value has no foundation and will collapse like all unsustainable cryptocurrency business models with no utility demand.
ihub is a big MLM scam! Period!
Just like the Internet was in the early 90’s, so is the Internet of Things today. We haven’t even imagined the true potential of a totally connected society.
The Helium Network is building the infrastructure needed to support this new wave of communication between things, not people. Machines talking to machines. AI running programs that will automate our society. Don’t be so shortsighted.
Think of what we’ve done with blockchain technology in the last 10 years. Imagine what we will be able to do 10-20 years from now. Naysayers to technological change will always be left behind.
I believe I-Hub will be short-lived. Like the TV, computer, tablet, and cell phone, every home and business will have an IOT Hotspot to transfer signals which cell towers can’t or won’t due to efficiencies and cost. The wise consumer will install their own and keep 100% of any financial gains.
Helium’s ultimate value is in its network effect. Right now, proof of coverage is the value proposition. In the near future, it will be the data that’s transmitted over the network.
All of us should do more research before forming and expressing sophomoric opinions about a subject we know little about.
Internet of Things devices have been around since the 1980s. The fad came and went in the 2000s.
Turns out there isn’t consumer demand for fridges ordering from Amazon etc. But if you do want it, the tech is there.
All you’re doing is using a limited appeal concept as a shitcoin marketing point.
This is the same “mAsS aDoPtIoN iS jUsT aRoUnD tHe CoRnEr!” pitch crypto shills have been pushing for over 10 years now.
This already exists and has existed for years. There’s literally no need to ruin existing tech with a a speculative shitcoin.
Other than waste an ungodly amount of resources, absolutely fuck all. Cryptocurrency is still just a bunch of neckbeards sitting around hoping “number go up”.
The MLM crypto niche is the same serial scammers shilling scams over the past few decades looking to directly profit from roping others into scams, because “number go up” isn’t happening.
It turns out that being stupid is not always about knowledge. Very often, it is more about someone’s attitude.
You see, a person who doesn’t know much but is willing to learn and listen is not stupid. Stupid is the one who believes they know everything or have better judgment than everyone else.
Such a person will completely discard other people’s opinions and different points of view.
At the same time, they lack critical thinking and tend to take things at face value, without delving into the essence.
Stupid people won’t listen to others or take some time to think before speaking. They just fill the silence with meaningless words and comments about everything.
They are always sure they are right and rarely doubt themselves. This is what a stupid person is.
^^ When someone fails to address what’s put to them, it’s because they can’t.
And so we get sermons about stupid people. Because MLM crypto is full of stupid people, this isn’t surprising.
Through crypto, there has perhaps never been a greater concentration of the world’s stupidest. Who better to lecture us on them?
Anyway if you can’t address what’s been put to you I think we’re done here. I’ll be marking any further strawman derails as spam.
MLM and Crypto do not mix, lost 30k in these shitcoin schemes.
Not saying don’t invest in Crypto, just do it without a MLM Shit Coin Combo!!!
Johhny MLM, with all due respect:
If you dont like the mix, but interested in the Crypto mining… Just by a set and earn for your self.
Nobody is forcing youto combine with the MLM concept.
But first study the Ihub opportunity (yes with MLM concept) and ask yourselve you have the skills to market that.
Or you dont have that skills and not into the MLM concept, get your own miner and work stand alone.
Your money, your choice….
If you don’t want to do MLM, and you believe in Helium then you should mine directly with Helium and keep 100% not the 50% the MLM is offering.
Regardless, the Helium business model is flawed as well. As I described earlier, Helium is another shit coin being hyped up with IOT technology. The Helium token has NO utility to create a true buyer demand to drive the price up.
Helium tokens are being distributed freely. No one is buying tokens. Everyone is accumulating free tokens to cash out when the price rises. The price of the token will crash with no true buyer/utility demand.
This is the same problem with almost all cryptocurrency coins. Sustainable cryptocurrencies will only survive mainstream adoption when they can create most of their buyer demand from true utility.
Cryptocurrency is real and it will be adopted by the mainstream public some year as it matures to become easy, safer, and useful. But for now, it is being used by conmen to attract greedy people no differently than the snake-oil salesmen of the early settling pioneers of America.
Cryptocurrency is the people’s money to empower them to take back control of their money and their financial systems someday.
You should invest in legitimate businesses that provide the infrastructure to support crypto someday. Speculating on crypto is gambling, hoping that you can win on other people’s losses. Good luck with that.
I got offer from one of theire “business builders” that hes going to buy this device hinself.
I dont have to pay anything and next month earn 500€. Where is the catch? 😀
obivously is scam but he is saying i dont have to pay anything, I got the device, I plug it on and earn money. What he is trying to archieve?
Shitcoin miners don’t mine fiat, they mine shitcoins.
I imagine at some point you’ll be told to recruit or give the equipment back.
Are you actually getting an iHub Global account or just the miner, preconfigured to this leader’s account?
The hubs are now free as of July 15th. so there is NO RISK whatsoever.
I am always still cautious however. They do offer an upgraded version of their software which is $299/year which gives you the “report” of what a hub will possibly make at any given location, so you can strategize where to install your hubs. Still a relatively low price to invest.
Couldn’t sell the hubs so dumping them now? What’s the catch; free hub but iHub Global takes an increased mining cut?
Electricity costs money, nothing is free.
Oz, these machines use 5w of power, which equates to about $1 per month.
So you can now get a free miner, come LongFI transmitter and earn a percentage of the HNT that these units generate. Not bad for something that’s free.
Anyone that’s looked, knows that it’s near impossible to get a Rak V2 Miner anywhere, though there are some on eBay for around $2000 to $3000 each!
Did you know that Lime Scooters and Nestle have signed up to use the network?
Lime Scooters are buying HNT to access the data that they previously had to be pay a fortune for, to get GPS locating their scooters (Helium use case).
There are a lot of use cases going to come for LongFI coverage that these units are producing, and that’s one of the reason that companies like Google have invested in Helium.
iHub Global thru their investors have bought 130,000 Rak V2’s for sending out to their Affiliates over the coming weeks. This has given them supply priority due to volume purchasing.
They evaluated that the network growth and deployment of units via the purchasing of units by members, was too slow of a plan, especially with all the supply issues experienced over the last year.
Some are going to right this off and others are jumping aboard each day, and will make some tidy monthly residual incomes.
Cheers,
David
(Ozedit: marketing spam removed)
Cool. So if that’s not the catch can you confirm the “free” miners are rigged to kick more HNT to the company than the paid versions?
And has this resulted in any meaningful use since the blockchain bro announcement was made two years ago?
How much money has Lime Scooter and Nestle spent as Helium customers since then? Forget about Forbes, show me one article from Lime or Nestle crowing about how much the Helium Network saved them money.
Proof or I’m going with $0.
Like all shitcoin solutions looking for a problem, if there was a need for LongFi someone would just build it – without the speculative crypto investor bullshit.
HNT is dumping (because its pointless) and so we have companies desperately trying to onboard new bagholders with free equipment (they can’t sell).
If you missed the HNT marketing pump back in April/May, you’re just another shitcoin bagholder.
Very interesting read, are there any more publishings on iHub Global?
I haven’t revisited iHub Global since this review.
Just get the free stuff bro! The company is asking for 99 dollars for the upgrade that it! Where do you lose?
Clearly you don’t like this company so provide (Ozedit: begging removed)
Hol’ up, we had people shilling above that everything was free now. $99 isn’t free.
Nobody owes your lazy ass anything.
Hey Oz (I assuming you wrote this article). I’m glad I found your information! It sheds some light on some interesting stuff.
I stumbled into Helium at the beginning of the year via a friend. Never heard of iHubGlobal or Emerit until a few weeks ago.
I was helping my friend setup her hotspot, while I wait for mine to arrive. She started in mid July.
At first the rewards were pretty good 5-6 HNT per pay. Then I noticed her hotspot spent a LOT of time trying to synchronize.
After watching the traffic and hotspot behavior for awhile, I started noticing performance problems. In watching the surrounding hotspots it seemed like a specific group of hotspots would always send data to my friends hotspot, then without fail, her hotspot would be down synchronizing.
Then when it finally sync’ed, her hotspot would seem to mirror some of the neighboring hotspots.
After learning more about how they have specialized “Propriety” firmware that automatically divides the “Mining Rewards” as they come through to the hotspot. It made me wonder if some of those OTA firmware upgrades that occurs during sync, were actually from those hotspots.
Did some research and found that those questionable hotspots around my friend’s hotspot belong to 3-5 common wallets with +250 hotspots attached to it. Some research on the Helium blockchain allowed me to tie those wallets to either (Ihub -Emrit) affiliate programs.
Then I learn that the Helium network can be easily spoofed by attenuating the antenna output and ‘Asserting’ the location the Hotspot, wherever you want in the world.
That puts some serious holes in the famed “Proof of Coverage” concept, that is so loudly touted.
At first, it was quickly denied. Then it was put out that only a “few” people where Spoofing, and it did not effect the system integrity. Helium Network Development team’s response was that they were aware, but had bigger issues (the Validator Scam) to deal with before the upcoming halving.
That response made me feel like the Helium Network is aware, but not too interested in fixing it.
At the current time, the hotspot supply chain is experiencing some serious issues. Last week I learned that the vendors were filling the orders of these (Ihub -Emrit) first, and leaving the single Hotspot owner to fight for the scraps.
I believe one of the people from Emrit called it “Using their leverage. To me, that smells like anti trust violations.
Meanwhile the vendors are collecting up tons of cash from the “Little guy” (avg of $500 per hotspot), and using their money as a free 3-5 month cash loan.
I’m glad I found this out before trying to sink (+$10000) into my own Helium Hotspot network.
With the onset of some serious Crypto regulation on the horizon, I expect this Helium “House of Cards” to crumble hard and fast.It is a shame, as the technology sounded pretty good.
Hey 247earnings – So is it ignorant of me to think that the “Spoofing” issue that was recently surfaced, isn’t a group of people with an excess of Hotspots, but nowhere to put it?
Those hotspots are around ($500) each. I see high motivation for someone to “earn enough HNT to pay for the cost of the hotspot”?
Also do you let everyone know that their exact location is revealed (Helium explorer V1)? It seems to me like these MLM companies always have these “grey area” structures.
All are always interested in pushing a product, even if truth is not part of it. That means someone could visit each and every person in a network.
This information is AVAILABLE to the public. To me that is very unsafe, and I would want someone alerting me that this is possible.
Thanks for the insight Persona.
Not surprised HNT and by proxy iHub Global are full of loopholes. MLM + crypto = one way or another, you’re gonna get scammed.
And often multiple ways
Good info Oz. I was approached recently about this company.
I have seen Ray Pipher comment on Behind MLM’s articles at least 100 times.
Not sure why it matters but that’s the first comment under “Ray Pipher”.
He fat fingered the 00’s.
I arrived here doing searching on IHub/Helium to learn what I could and read others opinions.
First off this whole is it mlm/affiliate thing. People can make a case both ways but my opinion has always been an affiliate program has no more than 3 levels and has no associated costs to work whatsoever.
Yes you can spend some one time money buying for personal use, but this is because you want to. Not HAVE to.
Also you would join something because you believe you can make money from the work you do yourself and any sub affiliate income would be a bonus.
Now as to IHub & Helium. If it’s true that both Amazon and Google are invested in Helium I take that as a big plus. These companies have not grown into what they are through bad business decisions.
As to why the Internet of Things tech has never been used on a large scale, in my view it would have been cost and accessibility. From my understanding so far as to how this all works now is transmission of data will be done via radio waves which only has a max range of around 15 miles.
So you need millions of hotspots out there to create the needed coverage. This is why they are giving away the boxes/miners, whatever you want to call them.
And yes they are free. You are not really mining Helium but are being paid in Helium coin for any data that passes through your hotspot. That is why there is also a 1000 meter supposed distance between awarded hotspot areas.
There is no mandatory costs to participate as an affiliate/mlm member. You are not required to buy anything yourself or any recurring costs. But there are upgrades/materials you can buy but they are not commissionable.
You can earn a percentage of income that any of your affiliates generate which has been covered by others here. In the affiliate/mlm program you earn 50% of the Helium coin you personally generate and percentages from others.
You can however bypass the IHub plan and get your own hotspot directly from Helium (from what I understand) and earn the full 100% generated from that spot. But if there needs to be millions of hotspots globally, seems to me the power of many is more than the power of 1. But that’s personal choice.
As to Helium value and use. This is still a bit of a grey area for me but this is my understanding. The companies that use the IOT will pay for the data transmitted with tokens.
I think the tokens are bought with Helium coin and then Helium coin is what is paid out to the hotspots.
I vaguely remember reading somewhere that a token will cost like 0.00001 Helium coin give or take some decimal points either way.
They say sending data this way via IOT costs like 5 cents on the dollar compared to telecom charges. That’s what attracts companies.
Helium operated the IOT last year in the US only and only this year are they spreading globally. Therefor traffic would only show as US.
Companies are now listed on the site who are doing business with Ihub/Helium and include the likes of LoneStar and One Planet among others.
As for value of crypto’s, never owned any. I have to agree about the potential value of them but at the same time fiat currencies are not what they once were. Used to be backed by gold.
Now they are basically a countries IOU’s. What would the US do if they ever defaulted. Print more until it has no value? Or maybe give away a state in lieu?
Anyway Oz I think you are pretty outdated with your article. Things must have really changed since March. As for me I still have questions to confirm ‘me thinks’ above.
As well as get a good understanding. Doesn’t seem to be any risk as 5W power is about half an average LED lightbulb usage. But need to consume Persona Non grata info as well. As that is new info to me.
Your opinion doesn’t matter. MLM comp plan = MLM company.
MLM comp plan = MLM company.
They aren’t.
ProTip: Any time you see anything crypto related claiming association with a well-known tech company, unless you’re reading it from the tech company itself, it’s bullshit.
As of 2021 there are 36.82 billion IOT devices connected.
HNT is a solution to a problem that doesn’t exist.
If that were the case they’d have been free from the get go.
In reality nobody was buying them. Mining hardware has a shelf life so we’re at the “dump the hardware or we lose money” phase.
Dumping hardware you can’t sell should be a self-evident red flag but crypto bros gonna crypto bro.
It doesn’t matter. Nobody cares.
“Number go up” is the only reason anyone is signing up. Same as every other shitcoin opportunity.
That was an evidently small group of people, hence the dumping of mining equipment on anyone willing to get sucked in at no upfront cost.
HNT launched in July 2019, over two years ago. How many mainstream companies have been attracted to and are actually using HNT as marketed?
Both OnePlanet and LoneStar Tracking are tiny businesses whose owners obviously bought into HNT in the hope “number go up”. They’ve got nothing to use.
Name one company with brand recognition that is using HNT. Not just some bullshit marketing PR press-release put out in the hope “number go up” and then nothing happens, like actually using HNT as marketed.
Nothing has really changed other than things have gotten more desperate (free equipment + marketing).
HNT and iHub Global is still a bunch of bagholders hoping to con new investors, number go up and then offload their bags.
That’s the marketing hook. The idea is you buy an early investor’s HNT bags with actual money at some point.
That’s the end goal. Always has been.
We bought in (cost=time spent) and promote it using only free ad resources and WOM. When we are able to cash in for USD 99.
we will upgrade to receive even more FREE money. If it is a speculative investment, then the principle of “buy low, sell high” applies.
Can’t get much lower than -0-! Anything you make is pure profit less the cost of 5w of juice every month.
The key is, once you have accumulated some HNT, watch the quotes and sell high! Remember, it’s gratis, por nada, capisce?
If everyone onboards for free, where do you think that money is going to come from?
Learn basic math kthx.
The short answer is, who cares? As long as I use free ads and WOM I cannot lose on this deal.
If they try to impose fees or any costs later, it’s bye-bye time! Simple. Try not to personalize things, ok? Not professional.
Le groan.
Try to not take things personally, you’ll get further in life.
“If everyone onboards for free, where do you think that money is going to come from?”
The money comes from the income generated from the businesses that use the network.
At this point as you have pointed out, there are not many. About 20 that I saw at last count.
Feel free to provide audited financial reports proving any significant external revenue is being generated.
HNT will dump when the whales dump. There’s nothing pegging at ~$15/$16 other than past investment that hasn’t been cashed out yet.
You can plot the public value graph against the time the (then paid) mining opportunities popped up.
Now all these new “free” miners slowly building peanut balances they want to cash out, only a matter of time.
Look, I’m not one who can answer questions about the company. I have no crystal ball about its future.
All I can say is that for what the 5W of power will cost me at my 5.6 cents per KWH is less than the cheapest of a one ticket per month purchase of a lottery ticket here.
I expect things to be slow until/unless they build up the company user base. But why give away 130,000 free boxes which were selling for $400. to $500. for free.
You say it is to up the coin price so they can cash out quick. That’s 52 million plus. Why give that away when most likely you could sell them all as well!
Nothing ventured, nothing gained and this venture has no cost. And just on a side note years back I was sent .16 of bitcoin for a tshirt. I did not accept it.
Cool. Then don’t regurgitate bullshit revenue claims you haven’t verified.
Because everybody dumb enough to buy in with money already did.
No sales = “alright we’ll give away what are otherwise paper weights for free.”
As previously stated the “free” hardware is a marketing gimmick. The idea is very much to eventually get you to invest real money into HNT.
What you do on a personal level is neither here nor there.
This was both informative and entertaining, thank you.
Just one last thing. “Then don’t regurgitate bullshit revenue claims you haven’t verified.” What claims have I made other than stating they have about 20 customers and some revenue.
And the 52 mil is the retail value of the 130,000 boxes that are being given away so no revenue there. You seem to make things up so you can trash talk.
Yet at the same time you write “paper weights” & “free” hardware is a marketing gimmick” with so much evidence.
This one:
Audited financial reports or GTFO.
Read the review. There is documented evidence of iHub Global selling its mining equipment.
Companies don’t just start giving products away for free if they are selling. Nobody was buying so they’ve adopted the “your first taste is free” marketing strategy.
Audited report for saying they had income? Are you saying (Ozedit: snip, see below)
And yes, 100% correct they were selling their boxes. And people were buying multiples and placing them in other residences/businesses while offering those who hosted them a cut of the profits.
I have only been looking into this company for little over a week now so am not sure about all the stuff from early on. But I do know they changed the business model with brining on investors who purchased all the boxes to be given away. The people who now get the free boxes get a lower commission as the investors are repaid from those same commissions.
As far as I know you can still purchase them direct from Helium but not sure of that. I don’t have that much time to spend looking into this stuff and even harder to remember everything.
As for why they switched I can’t tell you. You say it is a marketing gimmick. You could be right.
My thoughts are to get clients you need a huge serviceable area which requires as many boxes being placed in the shortest time possible. You also need the front money for having orders filled.
It’s the old chicken or the egg thing. Bigger prospect clients want a bigger network while the box purchasers (hosts) want to see big earnings. The faster the implementation of the network, opens more doors faster to acquire new customers.
As you have said this tech has been out there quite a while now but it is all regional or for niche markets.
I’m saying if you want to make claims about external revenue generation, provide audited financial reports for verification.
These are legally required for any company offering securities.
If you can’t provide those reports, the only verifiable source of revenue entering iHub Global and by proxy HNT is new investment.
If you’re signing up to iHub Global on the expectation of a passive return (number go up), and withdrawing other people’s invested funds – you know what that is.
Years later, here we are. The MLM boom that saw HNT pump was short-lived, now they’re dumping equipment on anyone who’ll sign up. Do the math.
The tech doesn’t matter. Number go up, steal people’s money. That’s what happened the second MLM companies attached HNT to a passive investment opportunity.
Prior to the MLM boom, nobody had heard of or cared about HNT.
OZ you keep saying “no one cares”, & “who cares” a whole lot. Well you do sir because you comment on everything.
I didn’t join iHub for the coins by the way “going up” like you say, I joined for the tech period. And been around some people who are smarter than me who understand iOT.
Can you explain why CNBC airs a regular series on ioT?(And all the new thins to come to iOT).
My bad, “who cares” right”? It’s a “shit coin” MLM= MLM plan right? So in my opinion your just a normal guy trying to figure it out like a lot of us. And I get it but If it cost you nothing what can you loose?
If it’s a SCAM and I have paid NOTHING who has been SCAMMED? It will be a lesson learned if I had paid my hard earned money or some monthly fees but this is not that.
Bottom line if you don’t put your name in that hat and it blows up for real for real how would you feel Mr. OZ sir just curious?
Prior to the recent MLM investment schemes, nobody did care about HNT. Facts are facts.
The reason I keep drilling this point is because the recent MLM activity is what separates HNT from the thousands of failed shitcoins.
That MLM interest is temporary though (we’re at the “give hardware away for free” phase), creating who knows how many bagholders in the making.
Bitch please. If you got involved in HNT this year you signed up in the hope “number go up”. Stop lying to yourself.
HNT and iHub Network != IOT. IOT has been around for decades.
This is the marketing ruse, your free “first taste” as it were.
Unless dumbasses invest money in HNT there’s nothing to steal. Make no mistake, you’re expected to cough up money at some point.
Have a think about what “it blows up for real” means. We’re coming up on three years and HNT has gone nowhere.
The only interest now is because some scammers attached an MLM investment opportunity to it.
That ran its course and so they’re dumping hardware on suckers at no cost (otherwise the hardware, already paid for and with a fixed shelf-life, sits in a warehouse rotting).
No new money = nothing for you to withdraw. That’s all it comes down to.
I feel pretty great. Thanks for asking.
For those who just want to know is it worth joining. I joined Ihub in April, done massive research on Helium and Ihub.
Yes you can mine Helium and make USD easily. They are still selling miners on Ebay for rediculous amounts. MLM companies are moving to a freemium model.
The issue is not can you make $$, the problem is Ihub can’t deliver Rak miners, Rak is way behind. 250k people have signed up with Ihub and only a small fraction have received miners.
More importantly if you sign up now, by the time you get a miner your address will most likely not be available unless you live in a rural area, then maybe.
Simply put the window is closing fast, I bought miners months ago and still have not received mine from Ihub.
Anyone who recently signed up or is thinking about it… I it was me knowing what I know know, I would pass on Ihub and get a miner asap from Bobcat on ebay or somewhere else.
Context, AJ. Oz said “no one cares” when the subject of Helium’s intrinsic value came up. And it’s true: no one cares about Helium’s “intrinsic value,” because it has none. Like any other crypto, alt or mainstream, Helium has no intrinsic value. It’s only “worth” what people are willing to pay for it.
And yeah, Oz comments a lot; it’s called carrying on a dialog. You do know this is his site, don’t you?
For anyone who wants to mine Helium, why not just buy the hardware directly and connect to the network?
I don’t understand having a ‘middleman’ when the HNT profits would have to compromised with all MLM comp layers.
And secondly, why pay to be anyones affiliate? So called marketing materials doesn’t justify $99, imo.
This has been real. I’m taking the chance with ihub deal at the end of the day.
Did Google invest in Helium? Forbes seems to think so:
forbes.com/sites/aarontilley/2016/04/25/google-leads-20-million-invesment-in-smart-sensor-startup-helium/amp/
Google Ventures = GV and
Not withstanding back in 2016 Helium wasn’t the shitcoin mess it is today. HNT only launched last year.
That’s what GV invested in.
Sound anything like the shitcoin “number go up” bullshit Helium is today? Didn’t think so.
I found this page in hopes of making a decision about Helium, their miners, and Ihub Global.
Before signing up as an affiliate, I read the contractual agreement, as I would be placed as an Independent Contractor, with terms for their business model.
I performed due diligence about the registration location of Ihub Global, pertaining to their physical address, as stated on their website.
Citrus Plaza doesn’t exist at said location in Vero Beach. Ihub Global isn’t a registered entity in the state of Florida, and I cannot find their company location to be legitimate.
As I continued through my detection, I attempted to ask a “Query,” through their contact page. I receive an error message (3x), as this appears to be a broken request page.
They have no phone number as a 3rd RED FLAG, thus, making them unattainable to anyone entering in to a CONTRACT.
I’m merely explaining the results of my due diligence, and will be one to NOT jump in to this opportunity. I can’t do business with Vimeo videos and public posts through job boards.
Paranoid et al,
I also researched this today for a friend. There are flaming hot red flags, including the fact that the address on their website does not exist, as Paranoid pointed out.
I found their profile on Dun & Bradstreet, but the Vero Beach address listed there is a residence.
You can see my research (including links in the description) here starting on 8/27/21:
(Ozedit: link removed)
@Glenn
You linked to your YouTube studio, which nobody has access to.
Andreessen Horowitz has invested $111 Million USD in Helium.
a16z.com/2021/08/10/investing-in-helium/
No idea who that is but uh, sorry for his loss?
They are a Venture Capital firm. The average salary at Andreessen Horowitz salary is $196,498 per year. As of August 2021, the firm manages $18 billion in assets. Google them.
Cool. Still sorry for their loss.
Actually wait, they invested in Helium not HNT?
Smart move, transfer of crypto dumbasses’ money to them.
You are partially right, the company headquarters are registered at the private address of Mr. Richard, Cotton.
1903 ROBALO DRIVE
VERO BEACH, FL 32960
Document number: L21000032759
Date Filed: 01/14/2021
Source: Florida Department of State, Division of Corporations
This thread is hilarious keep it up lol. Yeah I saw a cl ad from these guys with all the bells and whistles so was just resarching it. Hard pass.
Very interesting thread !! It dont cost NOTHING to join so why NOT ? AM IN ! haha Naysayers.
Because braincells?
Getting your first taste of cocaine is free. Doesn’t mean it’s a good idea.
Of course you can, but don’t think you won’t pay extra. Every product that is advertised so heavily to such people via MLM will cost something.
Think carefully about how the enormous investment of tens of millions of dollars in hardware will be financed.
The amortization will take years just from mining!
ScamBuster: Wait, you found ANOTHER address for them? Glorious! 😛 I wonder why Dunn & Bradstreet don’t have that?
Pee: You were pulled in the same way my friend was. Even if you don’t lose any money on this, if you promote this “opportunity” to anyone else, then you are exposing them to the possibility of losing money.
Either way, you are leaving your computer, and everyone who accesses your HNT hotspot, open to hacking.
OzEdit: Sorry, I was out of town. Here is the address. youtu.be/sAMToD9XGRg
Hey! That’s my thing!
LOL! Sorry!
Don’t NOBODY say “OzEdit:” but OZ, people. I ever catch one of you pullin’ that crap again, Imma rip you the biggest as…[OzEdit: unbelievably gross and vulgar string of threats removed]…and don’t y’all ferget it!
If you’re going to Ozedit at least do it right, with round brackets.
What is this, some sort of big brain academic paper?
I can’t even calculate a 200,000% ROI. Like I’d ever use nerdy square brackets.
A nerd is as a nerd does. This tiger is too old to change his spots. [AndyEdit: he meant “leopard,” the dumbass.]
D&B can only find what the applicant states there.
If there is more information about these people: Rick Cotton, Chuck Hanson, Michael Stern, and others. Please post here.
I have the impression they want to fool the entire US and Europe.
ScamBuster: So you’re suggesting then that the perpetrators of this scam deliberately gave one address to Florida and another to D&B?
Gee, that’s not fishy at all, then, is it? 😉
Glenn, I must have misunderstood you.
The registered addresses at D & B and the Florida Department of State are the same
… 1903 Robalo Drive ….
The company address on the ihub website is fake. You already found that out.
There are other oddities as well. in 1903 Robalo Drive, another person also lives
According to voter registration. I think it’s likely that Mr. Rick Cotton doesn’t live there at all.
Unfortunately, I don’t know how current a voter registration is in the USA.
However, I am not yet ready to accuse a criminal offense because it has not yet been committed.
Scambuster…I have an open mind towards all things so am trying to understand what the supposed scam you are talking here is all about.
Are you guys saying that using Lorawan is a scam? That helium is a scam? That the helium crypto, HNT, is a scam or that IHub giving away the miners with their program is a scam or a combination of one or all is?
I made my living off affiliate programs selling others stuff online from my own website. The commissions one gets for doing so vary greatly from product to product. None of which ever gave me something which would earn me money without having to pay anything.
Does your cut here suck a bit if the only reason you join is for the earnings from your own free unit. In my opinion yes. But I can go out and by my own unit outright, figure out how to connect it with the helium network and get the full earnings directly. But I’m not into outlaying the money for it among other things.
As for being paid in crypto it is easy enough to convert to plain cash at any time. I have never dealt or owned crypto before but seems many large financial institutes are buying some for their own reasons.
I look at this program as in the area of $50. a month I can get for less than a dollar of power/wifi.
Using crypto to pay all the hosts to me from a business point of view is very smart. No one could build a global network like they want to achieve without having probably hundreds of millions tied up to pay people to install these units while waiting for the network to be built for use.
Using a crypto allows the market to set a price. To me the value of hnt will be what the world values the network at. Same as if you created a scambusters crypto coin and sold your own line of some product. Your coin value would be set by the public as to what they thought your product was worth.
I know Oz is gunna say show me financials from helium showing sales/income. But sorry I have no access to that. But it only stands to reason that companies are and will use the network because of the cost savings to them as well as them being able to say they are using a more environmentally friendly option.
That from the IHub side there are lots of gaps to fill in info wise and such but they are only months old and tried to start off running. To me this was why a lot of stuff seems half a-sed. So I really am lost at what the ‘so called scam’ is. Please enlighten.
You invest real money (that’s the goal, free HNT is a marketing tool), number go up, cash out, Ponzi boom, number go down, sorry for your loss.
(insert all the marketing bullshit you brought up to pretend this isn’t the business model)
Not admitting “number go up” is the business model is the scam. It’s not rocket science.
“But I don’t have access to crucial due-diligence information” makes you complacent. But hey, so long as “number go up” who cares right?
You’re part of the problem.
Companies investing in Helium Network before they went crypto pump and dump Ponzi isn’t “financial institutions buying coins”. See comment #62.
Nobody is buying HNT except future bagholders.
Helium inc and ihub.global are different companies. Even the helium. Inc distances itself from ihub.
A company project has to be plausible – but that is not the case with ihub. In the meantime there should be 600,000 orders from Europe and the devices should be given away. Anyone with a calculator can work out how many millions of dollars it is.
No bank would finance this risk. In addition, it is based on MLM- means the last ones always lose.
We are still at step 1 of the story. Step 2 will show the truth.
ScamBuster: Great, we’re on the same wavelength! 🙂
The Truth: What was the point of talking about Andreessen investing in Helium? It doesn’t have anything to do with iHub.
Paul+S.: Haven’t you been reading what we’ve been writing? This isn’t about Helium, HNT, Lorawan or the color of the POTUS’s underwear.
When investigating an opportunity, you first start by investigating the source of the opportunity – in this case, that’s iHub Global.
Put together what the others have written, maybe watch my video (youtu.be/sAMToD9XGRg) which provides visual proof that you can reproduce easily, and it becomes very suspicious.
Add in the potential for hacking via the free hub of both yourself and anyone who uses your hub, and bilking people of money for whatever they offer to increase the value (for the victims), and it should be clear.
This offer is a phishing offer. My Indonesian friend who bought it but then asked me to investigate (August ’21) told me that he’d been told he’d have to wait until JANUARY to get his hub.
Why would that be? Backordering of the hub?
It certainly isn’t smart to rely on holding up a house of cards with a manufacturer that cannot produce enough hubs, so that most likely means that the scam rests not (or not as much) on hacking as it does on the odds of how many people will sink money into iHub in order to “get a better deal.”
In fact, it doesn’t even matter if these “delivered in the future” hubs will or won’t mine Helium. That would be a bonus, as would being able to hack the devices of people using their hubs, but if these scammers are smarter than Bernie Madoff, they will run with as much money as they can get before too long.
If they’re doing a long con, they’ll stick it out to maximize their income, but that also maximizes their risk of getting caught because they’re scamming a huge number of people instead of one (or a small number of) investor.
To put it a different way, the longer you stick to your con, and the more people you con, the more likely it is that you’ll get caught.
That’s part of why Ponzi schemes tend to end up with the criminals being caught, and their greed prevents them from backing out.
The exception to this is when you scam people from one country while being in another country, preferably one where they don’t cooperate about crime with each other.
We don’t know where iHub is because they gave everyone fake addresses, and they’re conning people all over the world.
If iHub is a short con, by contrast, it doesn’t matter how many people they are ripping off. It’s like the decades-old Nigerian money scams – get in, request that the victim send money to facilitate the transfer of the (non-existent) money, and run away laughing.
It doesn’t even matter if they can’t get into your bank account – if someone from a poor country can bilk a person from a country with a strong currency once per month of, say, $1,000, they’re already richer than most other people in their country!
$1,000
Indonesia = 14,261,200.00
Nigeria = 411,321.00
China = 6454.03
Bolivia = 6894.25
I lived in Indonesia for 15.5 years, so I know for a fact that $14m/month is a huge amount of money in almost every part of the country, except parts of Jakarta and certain other areas. If a scammer can trick someone more than once a month…Whew!
It also doesn’t matter if the victim is rich. As long as they’re desperate enough to send the requested “transfer fee,” they’re a valid target. Worse yet, some scammers build and sell lists so that those same people will be targeted again!
Replace iHub Global, Nigerian money, etc. with falling in love with a Russian Bride and you get the same result. You get ripped off.
Glenn, for someone who talks so much about doing their homework why is it you don’t know the reason all the so called ‘miners’ are back logged.
Have you not read that every auto maker has closed assembly lines for 2 weeks or more simply because the chip manufactures that so much tech relies on are not producing enough.
There was talk of shortages before but then covid ravaged the plants. And I’d bet a bundle the auto makers are way up the food chain in getting chip orders filled.
And all you guys keep talking about taking the money and running. What money? To my knowledge the only money they got was from a couple investors who funded the miners as they required payment.
IHub stands to make a bundle from the income all miners will generate. But anyone who can do math can figure that out. That’s one thing I don’t like is the revenue splits. But that’s all up front. I don’t like it I can buy my own miner or just pass.
Comparing this to a ponzi scheme, wow. If you even partially believe that, call the FBI or whatever agency deals with that stuff in your country. Call them immediately or like Oz keeps telling me, ‘you’re part of the problem’. If you are so sure it is your responsibility to do that now.
Yeah, I’ve read the article and keep up with every post here as I want to stayed informed as much as possible from all sides. But have you been reading all the posts? All the hard scam talk like what comes from you has zero proof of any kind.
Also you and Oz are screaming scam over different points. You keep talking IHub screwing everyone and their dog while Oz is 100% against crypto and goes on the assumption that some will play the crypto value game. I’m positive some will play that game with the coin.
But for the vast majority it is an income stream. Well he is against mlm as well and his view is that’s what this is.
I’m 100% against MLM crypto. Every single last one of the fuckers is a scam.
Source: 7-8 years reviewing MLM crypto.
Yet I still approach each new MLM crypto scam objectively. I lay out in each review why exactly that particular company is a scam.
Right. And where’s that income coming from?
Hint: it’s not coming from retail customers because you’re not selling anything to retail customers.
If you want to refute securities fraud and the fact that iHug Global is attached to a crypto Ponzi scheme, pull out the audited financial reports.
Don’t trot out “haterz” bullshit and think that’s a response
Most cryptos are scams. IHub is a MLM.
Helium is a gimmick crypto that has a low chance at success in a market saturated with great ideas and people who just buy into every gamble-token hoping to sell it later.
Combining the two? Usually ends in tears.
Oz, I was referring to those buying etherium (spelling ?) and bitcoin. Those are the only ones I have read about company’s purchasing.
Even if this wasn’t your site you have the right to your opinion. But I resent the fact you are calling me part of the problem.
Because I believe in the concept of IoT I am the problem? Because I believe in having a network that only uses a portion of the energy of existing ones? Because I believe in something that has a much lesser impact on the planet than existing?
You going to throw greed into my face? I’m too old to even care about anything more than the next few years.
I’m at the age where I could kick the bucket at any time and it wouldn’t be a shock. But making a few extra bucks to go with my government pension with our food prices here skyrocketing shouldn’t make me greedy.
And the final step with IHub is when they are ready to send the miner we need to confirm our addresses with them before they will ship. So until that time I’ll keep reading and if there is no actual evidence by then I’ll get my unit.
Don’t invest in a shitcoin pump and dump and pretend you’re iN iT fOr ThE tEcH!
If you believe in IoT technology there’s a million other ways to get involved.
Existing networks aren’t going anywhere. Existing networks can do anything you can do on lorawan. If anything it’s ecologically irresponsible to build useless additional networks nobody except speculative investors are using and will abandon when number go down.
If I want to track my dog or whatever other marketing bullshit Helium is pushing, I’ll buy a wifi collar unit and track it on my smart phone.
Other than the unit there’s no additional hardware required and it already works anywhere in the world with 3/4/5g.
It’s certainly ecologically irresponsible to pump out thousands of units of mining hardware that will inevitably wind up in landfill over the next 5 years.
I personally don’t care if you do. My interest doesn’t extend beyond iHub Global.
So long as we’re clear iHub Global is an unregistered securities offering tied to a pump and dump Ponzi coin, we’re good.
By pretending otherwise, you’re very much part of the problem.
AntiMLM, I look at helium tokens same as a cheque. You get them, cash them in and deposit in the bank.
As for helium I believe it will have a real value as it will be based on owning the equivalent of a worldwide telecom for small data things.
Just don’t ask me what that value would be because it would kind of be like owning stock and we all know how over priced stocks are at this time. So anywhere from a couple cents on up.
Well Oz then I say the same to you I did Glenn. Since you are positive it being a ponzi scheme contact the authority in Oz today and report it.
If not, then I guess you too are part of the problem.
Cheques have a fixed value (relative to their currency anyway).
Gamble tokens are gamble tokens, down or up.
Less marketing material schpiel,more realist please.
Lol, you lost the little credibility you had now with that.
Go back to your hug-corners with your fellow gamblers.
Strawman.
Helium have sold $2.85m of Data Credits in the last 30 days.
This is all visible (thanks to the blockchain) on the Helium website. That’s not a bad start >> $34m annual revenue.
Well I didn’t need to stoop to insulting anyone so likewise Anti. Have a good day gents.
If I actually insulted you – you’d know it.
Idiot <- this is an insult btw if you didn't notice.
It is BLINDLY OBVIOUSLY a pyramid marketing/Multi-Level Marketing scam, with crypto-shit-coin mining as it’s bait.
Why do so many people fall for this utter crap!?
Data Credits:
How much Helium extracts from HNT bagholders doesn’t change what iHub Global is.
I just stumbled on this and started reading and what none of you seem to be saying is that there is a gigantic supply shortage of miners. The demand outpaces the supply maybe a hundred fold. The demand (Ozedit: is manufactured. Spam removed, see below)
The demand is only there because the hardware is being given away as a marketing campaign.
They wouldn’t have given the hardware away for free if it was selling.
Retrospectively applying free demand to before the hardware was given away is dishonest.
Paul S: Thanks for reminding me about the shortage. That doesn’t make moot any of the other points I made, and you ignored.
YOU asked why it’s a scam, and we’ve tried to explain why. Despite that, you continue to deny the facts that are so patently obvious and prove it’s a scam.
How the scam works is secondary to that proof.
BTW, have you heard of hypothesizing? That’s what I was doing.
I suspect English isn’t your first language, or else you’re a very literal person.
It appears the current owner of 1903 ROBALO DRIVE VERO BEACH, FL 32960 is most likely Robert Marek Kowalczyk, Robert Zoltan Gulyas Laney, Russell Bevard and/or Charle Williams.
The records I saw weren’t consistent.
clustrmaps.com/a/2f7ba0/
spokeo.com/FL/Vero-Beach/1903-Robalo-Dr
voterrecords.com/voter/12763654/robert-laney
But, voter records also show Richard Cotton there. Could this be legit…or voter fraud?
voterrecords.com/street/robalo+dr-vero+beach-fl/8
voterrecords.com/voter/12701549/richard-cotton
nuwber.com/person/563a1951e0cd4806cb1deada
Interestingly, Bizapedia says that there are seven companies registered for this address: Vivalegacy LLC, Cnyonthefly LLC, Lucky Dice 2112 LLC, Saltyrentals, Tribe Marketing, Ihub Global LLC, and Expert Labs LLC.
bizapedia.com/addresses/1903-robalo-drive-vero-beach-fl-32960.html
Of those, CNYonthefly is listed as inactive, Lucky Dice is listed as “Forfeited Existence”, and the rest are active. Rick Cotton is listed as the agent for iHub, CNY and Expert Labs.
Glenn, I have an idea in this regard to bring more light into the dark. But I don’t want to make it public.
Is there a news channel that I can use to contact you personally?
I could also create a Telegram group.
You can reach me on FB, Tw, YT & LI…If you go to the video I linked to, would that be sufficient?
Glenn, how can you use the term “hypothesizing” when pretty much what you write you are stating as ‘fact’. Examples: YOU asked why it’s a scam, and we’ve tried to explain why.
Despite that, you continue to deny the facts that are so patently obvious and prove it’s a scam. Or, This offer is a phishing offer. Or, and they’re conning people all over the world. Those are stated as fact by you.
But lets go back to I’m denying the facts. You can’t find whose house address the company is listed to or the person in that house? For the last 40 years I ran my business through my house. Does that mean I was a scam?
Up to this point what physical assets would IHub have. Seems everything would be online to date so all development work, hosting etc etc. would be farmed out.
You keep saying they are conning people out of their money, ponzi scheme etc. I ask again, what money?
People sign up for free and they get a free miner. Those who want to buy their own go directly to helium and bi-pass IHub.
Yes there is an upgrade option but that would really only be for the few who join that are your typical mlm types. I doubt they get more than a handful of takers.
So still no money to grab and run with. So now we come to the investors who fork out the cash for the miners. Are they handing that over to IHub or paying the manufacturer direct? I have no clue.
So according to you this is what they must be grabbing and running with, am I right? Or are they going to run off with the 130,000 miners and sell them on the black market?
Honestly, I am trying to figure out where the money is or coming from that they are supposed to abscond with.
After that comes the weekly payout of the helium to all parties. Hosts, affiliates, IHub and investors. No sense in running off with only a weeks earnings especially when most of it in the early stages is probably their own.
As Oz stated most people do not sign up enough others. I am not yet very familiar with their comp plan but my guess is most of the unachieved bonuses will all revert back to IHub.
It is by far in their best interests financially to do everything right and legal. And I base that on the present value of the helium coin. Not some outlandish expectations of future value.
But it is strange when you ask the MLM-Pusher specific questions, you only get evasive and often contradicting answers. Actually, they don’t know anything.
The typical answer of the scammers is really just: make your network bigger and don’t ask so many questions.
There are grandiose Zoom conferences, are they celebrating children’s birthdays there?
If this company were this neat, all the documents and information would have to be available and only needed to be distributed. But this is not the case, because they don’t have an honest concept
And I also have to disagree with the point of possible rewards. As the number of miners increases, earnings will decrease.
I am no longer going to update here. ScamBuster and I are attempting to make absolutely certain the validity of iHub Global.
I haved just posted, and will post future updates here as needed: (Ozedit: removed)
I have contacted the lessee (Richard Cotton) of 1619 14th Ave, Vero Beach, FL, and Helium itself. If I receive a response from either, I will update there.
This isn’t a linkdump.
“As the number of miners increases, earnings will decrease.”
That’s not necessarily true.
As the number of miners increases, so does the value of the network and the likely amount spent on data credits to connect IoT devices to the internet.
That in turn could lead to an increase the value of each HNT token.
The HNT generated by each miner will indeed decrease but if the value of each HNT increases, this could still lead to an increase in the actual earnings (in dollar value) for a miner.
Paul S: You have made some valid points, although you have also ignored things to suit your agenda, such as the risk of hacking.
My initial message to you said this: “Why would that be? Backordering of the hub?” Pretty much everything after that is hypothesizing. My gut instinct is that it’s a scam, but I could be wrong. If I find out it is, I’ll certainly retract my opinion and apologize.
According to some iHub Global contractors, you can pay money for things, although this isn’t made clear on the website. One iHub contractor (on LinkedIn, see my updates on BC), claims that the network will be collecting and selling data via the Helium network. I didn’t see that on Helium’s website. Is Helium actually going to mine people’s data without their knowledge or consent, as so many other companies do, or is the guy wrong?
Of course, those contractors could be incorrect. In fact, the whole money thing is pretty fuzzy – iHub doesn’t tell you much, really. Maybe you find out after you sign up. Maybe not. I don’t know. For me, not getting any real specifics is, well, fishy.
Also, Helium charges a $40 fee to become a miner – iHub Global doesn’t mention this or who pays it – at least not up-front.
In the end, I am going to have to “suspend” my disbelief of IG while I continue to research. If you have any constructive suggestions on how I can research this, let me know. I’m currently calling the FBI about this and other issues.
Oz: I wasn’t “dumping links”. I was trying to keep interested visitors in the loop since I won’t be putting updates here anymore. Sorry if that’s a problem for you.
It’s bad etiquette to linkdump on any website.
It’s your site, so your rules. If you feel it’s bad etiquette to do that, okay. Have a great day!
Glenn…
There is a software product called Helium Track which is very impressive and must have cost quite a lot to develop so far. There is an optional fee for that for iHubGlobal members IF they want to go “PRO” but it is not a requirement.
See the Helium website for details about collecting data – helium.com/use Helium state on their website “Connect devices and collect data in ways never before possible at a fraction the cost of cellular without needing to deploy and maintain wireless infrastructure.”
This is the whole point of IoT – to collect data and connect it to the internet. This is not personal data though, just sensors such as temperature, humidity, pet location, door monitors etc.
That’s not my understanding. IoT devices only transmit very small amounts of data and usually only about one specific parameter.
This is not like carrying a mobile phone in your pocket that tells the big corporations where you are, what you search for plus what you order for dinner! That’s where you should have real concerns.
Not really. Go to explorer.helium.com and you can see exactly how many HNT tokens every single miner has mined in the last 7, 14 and 30 days. Very transparent.
Where did you get that information from?
why? Are they IoT experts?
The Truth, you are pretty clever. In fact, I feel like I’ve just read a response from Paul S!
You mixed things up to support your viewpoint. For example, you use Helium’s website as proof of income for IG. They are not the same entity and, according to IG’s Affiliate Agreement (which I won’t post the link to so that Oz doesn’t delete it) they collect ALL of the HNT and then distribute it according to affiliate (read: independent contractor) and the IG plan. In fact, there is absolutely no guarantee of income, and they make it clear that you might experience a net loss no matter what you do.
If IG is legit, then looking at the Helium site you mentioned STILL does not tell how much you’ll earn as an IG affiliate!
(Ozedit: derail removed)
The $40 fee is stated on Helium’s Application to manufacture Helium hotspots, which is linked from Helium’s website to GitHub:
I don’t want you to explain about how the network will be valuable to users since, according to you, they are transmitting very limited data.
This contradicts what Helium has to say about its network, and even what you wrote. I see no reason that people who aren’t earning Helium, which is highly volatile by IG’s admission, would want to use the Helium network.
They can’t use it for Internet access, if it’s so limited, and IG admits that the miners can potentially be hacked in the Affiliate Agreement:
Well, Paul S DID suggest reporting it to the FBI. Sadly, intake doesn’t know anything about cases and specific scams.
Again, for those who aren’t paying attention, I’m still waiting to hear back from Rick and Helium. And I’ve verified that Rick rents out the 14th Ave address with Kelly Construction, the property manager.
As I already said, if I can prove myself wrong, I’ll admit it and apologize.
I wonder who else would…Over and OUT (i.e. don’t bother to write to me again).
Glenn. Great feedback.
OK so now I understand where you were coming from for the $40 fee. That is if a electronics manufacturer wants to make miners that mine HNT, they have to pay a fee to Helium Inc to do so.
That’s nothing to do with buying or owning a miner as a retail customer. So that doesn’t apply to anyone operating a miner.
OK I understand now. The compensation for hosting a miner is detailed to iHubGlobal members but is not published publicly.
I don’t know why, but presumably it’s to try to stop copy cat businesses.
However, every miner will still be very transparent on Helium explorer site so I’d imagine both iHubGlobal and the members will both be working towards the same goal, to get their miners as effective as possible in generating HNT.
If iHubGlobal stopped paying members, I would expect the members would simply unplug their miner and everyone loses. It’s quite a good symbiosis.
OK you seem to be missing a vital point here. The People’s Network is a wireless network that doesn’t benefit the people who are operating the miners.
The only benefit they are likely to notice is receiving HNT as a reward for helping build the global wireless IoT network.
It’s a bit like allowing a telecoms company to put a telephone mast in your back yard – you personally don’t gain any better telephone signal and you may not even use the same network, but you would get paid by the telecoms company because you are providing power to their network which helps them sell more phones.
It’s the same with Helium. The People Operating the network won’t be using the network much themselves (if at all) but the people in the neighbourhood may well be.
Absolutely. It would be daft not to say that from a legal point of view because every device is hackable these days.
There’s nothing weird about that and indeed IoT hacking is becoming a big concern for everyone, anywhere. This is not something specific to iHub or Helium.
Again, this is not about personal internet access. This is about “Things” getting access to the internet to send tiny packets of data, not people surfing the net.
I want to make it clear that the $40 is for each hotspot.
That’s all, folks.
Glenn you may have answered a question I have had and could not find an answer for. IHub has stated to affiliates there could be a shipping cost, for the miner from them to you, as well as an activation fee on startup.
We both know could be would mean will. So to me that $40. is the activation fee cost. Now I just need to put a price on shipping.
Also, sorry if I seem to skirt some of your points as I don’t mean to. As for my last post I raised those points from a logical standpoint.
I myself simply can not grasp how IHub could make more for themselves in any kind of con here. Not saying there may not be a way. Just I can’t think of one.
As for calling the FBI, I would think at some point every program like this gets a good look and should be expected. From my view point as to how IHub works I don’t think there will be any issues.
Oh and lastly on the hacking. Yeah I have read stuff on that but that is only the miners as they are not connected to any other device like say a computer.
I would think the goal of the hack would be to get the helium credits. They suggest on site if you are concerned at all about private info to install a router.
Regarding the $40 activation fee. On the Helium website (docs.helium.com/blockchain/transaction-fees/) it says
i.e. whoever iHubGlobal are purchasing the hotspots from, they are probably also covering the $40 activation fee which means it’s all still free to the iHubGlobal members.
I went to one of their training sessions and they said there is a small activation fee for everyone. Plus on site it says possible shipping fee. You and I both know possible means there is. But I don’t know how much.
Yes, true. But they haven’t taken any payment details so they cannot just take any money.
Plus if the shipping fees do seem too high, anyone can still be an affiliate and refer people for free and earn HNT without spending anything.
Yeah for sure. They will reconfirm address before shipping. That’s the point where people can still opt out of the hotspots.
Plus like you said they will need payment details for those charges which people will have to enter at that time.
Could this be possible scam scenario in a big mega ways…
Since the mining device taking around 4-6 months delayed due to shortages of delivering upon ordering via iHub… I estimated maybe by now reaching 1-2 millions of members had already signed up for free & soon they will request all members to pay for a shipping fee/activation fee…
so if 1mil ppl pay $40-60, they might jz run away 40-60mil out of sudden which is huge sum & all members have been scam & screwed big time by then.
Ihub might leveraging on the 4-6 months delayed for product to be shipped whereby ihub wil hv more time to collect all members money without deliver to all members.
Would that be possible?
It’s not impossible but remember the primary scam is do whatever it takes to make number go up, then cash out.
Silver, in my view the combo of shipping/activation fees may be closer or about $100. By that is totally my guesstimate.
As for member numbers from what I saw yesterday they were closing in on 600,000 But it would not surprise me if that was close to a 50/50 split between only affiliate signups and hotspot signups.
The other thing as well is IHub would be screwing over Helium if they did that. And I have to believe helium in some way knows that wouldn’t happen as their plans and their crypto would both be toast.
The owners of IHub are going to be rich legally with this so I personally can’t see why they would jeopardize that in any way.
Tqvm for feedback Paul, Usd100 combo shipping/activation is a decent cost when v could do mining & earn back maybe in 30 days period.
Would you think this IG project will sustain & long term in regards to all stakeholders… IG profiting as well as all hosters (ordinary people) who mining via IG free hotspot device.
I understand IG today able go recruit around 200k-300k and keep multiplying effects so fast due to free device + affiliate referrals incentive package.
Another question, will you think IG fall into US authority investigation or found guilty if out of sudden they shutdown totally after receiving 80% of certan fee paid by all members globally but device yet to be delivered in the purpose of ‘scam’ biggest volume of members worldwide ie. 1mil – 2mil people?
Since all members agreed to the T&C which could already safeguard IG in case company shutdown due to various legality reasons.
Will IG still liable & found guilty of ‘scam’ business syndicate given that thousands of people lodge complaint to authority for failure to deliver or shutdown completely?
Anyone here please feedback your views.
You can’t “terms and conditions” your way out of stealing money from people.
Anyway has iHub Global bait and switched already? I thought this was supposed to be fReE hArDwArE.
In the European IG-Telegram groups, there was never any talk of an activation fee, but only of the shipping costs, which should be about 50 €.
But the IG-pushers supposedly don’t know anything exactly. The payment method is also completely unknown here.
If someone says, ask your upline in the USA again, they will be silent or bullshit.
Now follows Step 2 to heaven:
Mr. Rick Cotton plans a big brainwashing event from October 15-16 in Las Vegas, a debit/credit card will be presented. The publisher should be OGPay.
What does a credit card have to do with helium mining and why does it require MLM sales?
The devices are prepared in India. A spy software, in a Raspberry Pi accommodating is not a problem.
In addition, the device runs in its own network no problem for hackers.
That stinks of rip-off!
Yes they still gv free hardware & software but shipping fee need to pay.
They use OGPay due to convenient sake for IT/crypto illiterate people around the globe to be able to withdraw money from any ATM machine rather than using crypto exchange platform to withdraw fiat money from respective countries.
I believe MLM concept kicks in due to pushing more households to install the little mining hotspot device as fast as they could.
Win win to normal people to enjoy free money through mining crypto HNT and also opportunity to earn up to 6-7 figures per year if one superb hardworking to have built many downlines.
Ah, the old “free” + shipping ruse.
Well, sounds like iHub Global duped a fair few people with that stunt. GG suckers.
Let’s see if ihub is scam or not… Time wil tell.
I dont think so with ihub mktg plans or whatever helium/ihub trying to plan out with so call free hotspot device can make the helium or hnt crypto price go up skyrocted…
No marketing campaign can boost the price go up except Elon Musk or some influnetial figure greater than Elon himself by tweeting few powerful words and embracing hnt is one of the great future crypto values or tesla company pledging few hundred millions to buy hnt or anyone holding hnt crypto could purchase their car or can be used for space tourism in the future…
If that actions created by Elon, i can assure the hnt helium will be skyrocket in couple of days/weeks.
Hahaa with ihub mktg campaign of give free device + can do mining or get free monney + passive income + refferal commission + IOT infra + 5G coming soon etc WILL NOT boost the price go up!!
Pls wake up whoever think that ihub/helium plan something to boost hnt crypto price up & cash out when its peak.
People that currently reserve a hotspot get a free unit but the shipping and activation costs are unknown and shipping is an unknown date in the future.
5G add-on hardware is coming available and the cost of adding that on is unknown.
An additional $300 per year fee enables one to obtain unlimited “mining assessments” (the first ten are free) necessary for recruiting people into the business.
A poor person can’t sign up for a hotspot and commit to paying unknown fees in the future. They can’t afford paying $300 or more a year to have access to unlimited recruiting.
The interstate highway doesn’t end when you go through a poor neighborhood and cell phone service doesn’t end. So if the goal is to saturate the market and provide uninterrupted service that’s a problem.
Assuming the company is legitimate then they have shot themselves in the foot with the MLM plan if it creates legal problems or negative press when people start becoming disillusioned.
A simple networking plan would make more sense. Since the goal is to saturate the market the MLM will cease to function and incomes will decline as the attrition rate increases.
Assuming this is a viable way to set up a network then competitors will give people hotspots and pay them to host it.
Thanks for the interesting info and posts. I have a question if anyone knows the answer. If Joe Miner is using ihub global hotspot hardware and they want to get out and use their own hotspot hardware does ihub or the ihub refer own the location?
Will Joe not be able to use their own mining location, because it’s already claimed or something? Thanks.
If you don’t own the software running on the miner or have complete control over it, you can be locked out.
I can’t speak to whether that’s happening with iHub Global or Helium mining in general.
As each new miner is added to the network, they get a new ID.
If you were to buy and connect your own miner, you would not be connected to or associated with iHub.
If you set up two miners within 350 meters of each other, your rewards will be reduced.
The reason for this is Helium wants to expand the network. Putting hotspots too close does not expand the network’s coverage.
WOW!! – in a very BAD way. I trusted Rick as he mentioned being a missionary in the past on several occasions, but as the Good Book says, judge not.
Anyhow, he and iHub have told us for months that they were giving away hotspots (that used to sell for $500) with only a shipping charge.
Then they lured us into attending the “Launch” event today that cost $29. Only then did we learn that now the company is going to charge a $500 deposit for these “Free” hotspots.
As the saying goes, live and learn!
KL is there any info about this posted anywhere you know of? Because if this is the case I will be eating a lot of Oz crow here as well as informing everyone I got involved in this to get out now.
No way was I going to pay them so they could have a party so I have no idea what went on yesterday.
Absolutely no way would I pay them the actual cost of total ownership of a spot only for them to own it and I get a tiny percentage.
Heck I wouldn’t give them a $10. deposit because they emphatically stated these were free.
I wasn’t going to comment anymore, but this peaked my curiosity.
I had managed to confirm that Rick rents the address listed with the property management company, which I thought was good (but only confirms that, not the business’s legitimacy).
When I saw KL’s message, I asked someone who commented on my video about IG. He had commented on my video and claimed: “…a lot of your information wasn’t quite correct.” but he didn’t respond when I asked him to inform me what wasn’t correct.
I asked about the fee and he denied that there is a $500 fee being levied.
He stated: ” I’m actually at the event as we speak and the $500 deposit isn’t true. A deposit yes but a very small one followed by small monthly payments until own”.
I asked for further info but, as with previously, he didn’t answer.
I don’t know if this guy is legit or not, though, but if anyone wants to check him out his YouTube alias is Viewmore.
Just thought I should share this info – sorry I can’t clear the muddy waters!
Just as an FYI, I was unable to find any mention of “free hotspot” on ihubglobal.com, which suggests…
Another website, ihubglobalownthenetwork.com, which links to heliumtrack.app, DOES offer a free hotspot.
Heliumtrack is associated with IG, so I’m wondering now…
Let me guess, the “small monthly payments” add up to about $500?
Don’t knock yourself up too much about it. I’ve been running BehindMLM for years so it’s not really a level playing field.
So long as there’s a lesson learnt I’ll leave it at that.
Once again, @Viewmore hasn’t provided any real details. So, I suppose it could add up to $500 once paid off. If he ever answers, I’ll post again.
When I joined up until now, as I never received anything from them stating otherwise, the hotspot/miners were free.
They even stated that in a training/meeting that I attended. That was their marketing gimmick.
FREE is not defined as pay a small deposit followed by monthly payments. That is absolute bs.
Why is a percentage of every hotspots gross going to ‘investors’ as well as another 10% of every spot hosts gross for the first 3 months to give them a leg up on return?
A return like that would even make loan sharks envious. It seems obvious there are no investors as the hotspot hosts are paying for everything and more, plus more and more still.
I red flag went up for me that also pissed me off when all of a sudden those who signed up for a hotspot were supposed to get an extra 10% of gross if they sent out 5 free address income projections (or whatever they were called).
That changed to 5 signups. Either or a combination of free affiliates or hotspot reservations. That gave people an increase from 15% to 25% of the gross of their own hosted spot.
To me that should have been a minimum percentage. Based on a free unit with no deposits, no payments, no bs period.
Why should anyone now give away 75% and most likely 85% in many cases of their spots earnings when not only will they have to pay it off but they will be paying additional payments to ‘investors’ for that monthly/weekly for life of the program.
I’ll give it a little time to get the details myself. But if it now has become what it sounds like I will tell all those I signed up to get out.
It should not have cost any of them anything as of yet. But don’t get me wrong, unless I find a direct connection I am still on board with Helium. It’s IHub I will run from.
The thing I cannot understand here using logic or common sense is why or how they could cause issues with the base program.
The way it was those guys at the top of IHub, owners, had it made. They already have about a million signups.
Naturally they would have signed themselves up at the top first so they would all be making big money. Wheelbarrows full once they fulfill orders.
Then add to that the companies share of gross of every spot. It’s not like they have much in way of expenses.
Work from home while being a middleman in receiving and then sending out hotspots. Computers and software housed somewhere and cost involved.
Yet somehow due to either being blinded by greed or incompetence they are going to sabotage everything.
Other than buying direct and working through Helium there are 4 or 5 other outfits that I know of that are direct competition to IHub. I bet they all have ear to ear grins today.
Sending out hardware costs money, marketing costs money. Both can’t be paid for with HNT, because it’s a worthless shitcoin with zero interest outside of speculative investors (welcome to cryptocurrency).
The sole goal of iHub Global is to make HNT “number go up” and cash other people’s money out. Always has been.
When you accept this, everything else is easy to understand.
This is from an official iHub email I received yesterday:
Lock in Your Hotspot Deployment BEFORE Nov 18th!
Looks like both options add up to $499.
So much for fReE hArDwArE.
Bet everyone is super excited that their FREE miners they haven’t received that might earn them some tokens worth microcents monthly some time in the future are going to be locked behind a rental/deposit.
I’d like to see the original email, including the header.
I haven’t seen the email that KL said he got but I can confirm his 2 options are correct.
In my view they used the free promotion just to get the signups in numbers (near a million). Now they are hosing the members.
Like in my prior post, why are ‘investors’ getting all this money when the members are paying for the units.
And Oz, I’ll bet the shipping cost is covered in the purchase price as you know they are not paying retail for the units and they have no advertising costs as that is why they use affiliate marketing, network marketing or mlm structure.
It wouldn’t surprise me if they class themselves as the investors as well to get that extra chunk of revenue as well.
Looks to me like more smoke than fire and maybe just smoke and mirrors.
Still, I fear many good people with dreams of riches without work will get sucked in and be on the losing side yet again.
Do you have to be such a dick about it? This is the first time I’ve seen your site or heard of ihub, but I’ll pass on your opinion due to your know-it-all, arrogant attitude.
I think you overlook things because you want to be right. I bet I’m not the first person to ever say so. Your opinion can’t be trusted.
There’s no opinion in the review proper, only facts.
Be honest, getting upset at the comments meant you’d already made up your mind before coming here. You came here looking for validation and got upset.
Tough titties. Neither myself or anyone else cares if you’re upset, it has nothing to do with genuine iHub Global due-diligence.
Cry more future victim.
If you’re talking about MLMs, pyramid or Ponzi schemes, you will be a dick to at least someone. You can’t please everyone.
If you’re promoting an MLM, you will be a dick to critics (or regular people in case your promotion is annoying). If you’re criticizing an MLM, you will be a dick to promoters (or regular people in case your criticism is too much).
Governments as well – dicks to critics for ignoring the company or to promoters for regulating and restricting company’s activities.
Yet you appear in comments only under iHub review with an attitude of a typical afiliate who tries to defend the company by addressing Oz’s personality.
It’s far too obvious that although you might not have heard of BehindMLM before, it’s definitely not your first time hearing about iHub. Odds are high that you’re an actual affiliate.
Then show us the things that Oz overlooked in his review.
Kir, I don’t want to seem like I am sticking up for IHub as personally I have zero trust in them at this point, but there are many things in the review not right.
They may just have been changed over time as I was not around in the earlier days. But here is the most important.
For instance the earnings breakout is worse than what Oz shows.
25% to the host (down from the shown 50%)
40% to the comp plan
35% to IHub and investors
And all percentages are from each miners ‘gross’ income. Earnings are also based on gross income, not as a percentage of the comp plan share as Oz wrote.
The once ‘free’ hotspots now are $400. deposit (refundable) or an $18. a month lease for 3 years. Both require a $99. initial fee.
Hotspot prices at the manufacturer level have also taken a big increase in the past couple months to between about $450 to $750.
This I attribute simply to supply and demand. But basically affiliates are paying for their hardware and in the end they own nothing as IHub retains ownership.
From a company perspective I can see the issue. Reaching 1 million affiliates (I really don’t like calling them that as real affiliate programs have no costs involved to be part of as one is basically just a salesperson); at $500. a pop, well that is half a billion dollars.
That’s a pretty penny to be giving away. So I can see their heads spinning. But how they dealt with that was so wrong I won’t even comment on further.
So forking out $500. to get 25% when the same amount or a little more will get you 100% is what people should be looking at.
As for the lease version you will pay the $99. plus $648. in payments.
Me, well I could not in good conscience, heck or even bad, ask anyone to pay the same price to get 25% that they could get 100% of.
In my view, IHub is now made for those willing to screw others to line their own pockets.
Has anyone received any commissions via Shitcoin from iHub Hot Spots?
I’ve had many people recently share this with me, but I have yet to meet anyone with the device? Did anyone actually get what they paid for?
Hey guys,
first of all thank you very much for your research about iHub.global and your effort to share your information here.
I joined iHub in early September 2021. My motivation wasn’t the “free hotspot” for myself – in this case I would have bought one on my own.
What really interested me was the affiliate program, because I have a huge network. And this network would probably cause me a lot of referral commissions. The potential just looked immense.
After checking all the facts, I didn’t see any major red flags how I could lose money.
Since I was convinced about the helium-network and hotspots were free, why not giving it a shot? And why not sharing this offer with friends who can earn some money by themselves with their own hotspot?
So I signed in and started informing my network. I put a lot of effort in this and after countless phone calls I had 35 members in my team, which all had reserved their own free hotspot.
Then in December 2021 I received feedback from a person I had informed. She is a lawyer and told me that there are 3 formulations in iHub’s terms and conditions that catched her eyes (this is just her personal feedback and not a legal advice):
Formulation 1:
She asked me, why it is HER responsibility to inform affiliates?
Why is it not iHUB’S responsibility? Is it a breach of contract if she doesn’t check the iHub homepage continuously for changes?
Formulation 2:
She mentioned that it doesn’t say “Upon cancellation or termination DUE TO MATERIAL BREACH, all property rights are forfeited regarding PENDING rewards, referrals or other remuneration derived through your sales/referrals.”
She questioned, if this might open a door that ALL EVER RECEIVED commissions have to be given back to iHub once the contract is cancelled or terminated by any side?
This would mean a 100% loss anytime in the future. But most people will spend their coins some day and not hodl them until eternity.
So will they have to buy new coins to be able to payout iHub then? Think about the consequences if Helium coin price will further explode in the future…
Formulation 3:
She didn’t like the fact that iHub can add further reasons for termination.
Approximately at the same time I read the information that “free” hotspots will not be free any more. Wow!
To many disturbing news. So I decided to cancel my hotspot reservation, terminate my contract and give the advice to everyone in my network to do the same. It was a hard step to contact countless people again and destroy everything I had achieved with my network.
Maybe everything is fine with iHub.global and I will regret this step some day in the future (and cry about the missed referral commissions). But my reputation and relationship to my people is more important to me than money.
Do what you want, but I can highly recommend you to check the terms and conditions and make your own mind.
I hope this was interesting to you. Take care.
I don’t post here much but I’ve read with great interest.
After my initial YouTube video exposing the long list of red flags I found with iHub Global, I got some comments there, and a recent response to my open-ended request for information on Bleeping Computer, so I no longer have any significant amount of doubt that IG is a scam.
I hope people have reported it to the FBI because I expect to see it shut down as a Ponzi (or other) scheme in the next few years.
I’m putting up an updated video regarding my thoughts on iHub Global, including the concerns of Alex’s lawyer friend.
As far as point number two, although I think any sensible judge would laugh at IG if they attempted to extract previously paid commissions without a really good reason (such as crime), there are some judges who might side with IG because of the loophole implied in the grammar.
Florence definitely sounds like an IG victim-in-denial.
The only person who’s responded to me on YT and claimed to already be earning money refused to respond to my request for proof, numbers or anything substantive.
I have never seen the SEC lose a case against MLM Ponzi scammers because of grammar.
There’s a live event on Zoom tomorrow night with a couple of the big wigs who are supposed announce something about a new addition to iHub.
Rick Cotton, iHub Global Founder and CEO Dan Stammen, iHub Chief Investment Officer and Eric Zhivalyuk, iHub Global Chief Information Officer will all be there if any one of you champions of truth and justice want to expose the scammers for who they are and protect the victims from another attempt at taking there money (for some their life savings).
Or maybe you’d just Rather whisper amongst yourselves in some obscure webpage chat room somewhere.
I guess we’ll see what it’s going to be tomorrow night.
global.us1.list-manage.com/track/click?u=893a9dd9342baec94cf8550e1&id=1bcba7e8e6&e=88a89d2eeb
Sorry, don’t know how to do hyperlink.
What’s left to expose? The iHub Global fraud is here for anyone to find.
Obscure to you, maybe.
I signed up in May 2021. Yes, they touted a free hotspot, but had to change their tune when they realized that would bankrupt them.
VIP’s were the first ones to get Hotspots. I got 2 through my Sponsor that pays 50% + 10% to assignee. I assigned both to my wife (10%), while I get the 50%. (60% on both, going to same crypto address).
Then I stupidly signed up for the $400 Deposit one, this required paying $99, basically a credit check/document fee.
I went through the whole application, and didn’t “sign” until they changed some wording in the contract.
It only pays out 25%. The current ROI would be 26 yrs for it’s location!
The best part of this is, that after 3 yrs, I can return Miner to iHub Global and get my $400 refunded, as long as it’s still in working condition.
With HNT prices low, I’m looking at 6 yrs ROI for my 1st 2, even on 60% commission, when it was $6 HNT.
If one signs up to pay monthly (cause you can’t afford $400 all at once), then you’re paying $648 total for one miner. I believe they still have to pay the $99 fee for application.
This is a total scam Ben Quigley and his associates are crooks!!!