It is not possible to find any information on ownership or executives on the website of MinerX. Private registration of the domain name “minerx.tech” for the website belonging to MinerX took place on May 16th, 2024.
There is no retail product or service that MinerX provides.
It was only possible for affiliates to market MinerX affiliate membership itself at the time this article was written.
Gan is the person known as “Dr. Jeffrey.” On the other hand, Gan is promoted as the corporate face of MinerX, despite the fact that his particular job within MinerX is unknown.
As a result of my investigation into Gan, I found myself following a path that led me to a Chinese cryptocurrency mining cartel that was based in Texas. I’m going to lay everything out for you, so please be patient with me as I explain everything.
In the promotional materials for MinerX, Gan is depicted as a citizen of the United States of America who also has connections to Malaysia and Singapore (click to enlarge).
MinerX claims to offer a high-return crypto investment opportunity where affiliates deposit Tether (USDT) and receive daily passive earnings in Bitcoin (BTC). The platform markets two investment plans with up to 290%–300% total ROI.
Shared Contract: Deposit between $100 and $900 USDT to earn a 290% return.
Single Contract: Invest $1,000 USDT and receive the same 290% ROI.
Returns are paid out daily in BTC, at a fixed rate ranging from 0.00007 to 0.00015 BTC, regardless of market fluctuations — a red flag in real trading environments.
MinerX runs a ranked MLM compensation structure with seven levels, rewarding affiliates for building teams and increasing investment volume. Here’s how the rank progression works:
Member (R0): Simply sign up to become a MinerX affiliate.
Royal R1: Recruit 3 direct affiliates, generate $10,000 in personal investment volume, and $40,000 total downline volume.
Royal R2: Advance by recruiting 3 affiliates who hold R1 status.
Royal R3: Recruit 3 Royal R2 affiliates.
Royal R4: Bring in 3 Royal R3 affiliates.
Royal R5: Secure 3 Royal R4 affiliates.
Royal R6: Achieve the top rank by recruiting 3 Royal R5 affiliates.
MinerX offers referral fees for USDT invested by personally recruited affiliates:
It’s worth noting that MinerX referral commissions are coded, so higher-ranked affiliates earn the difference between their rank referral commission rate and lower-ranked downline affiliates.
This is capped at 10% for Royal R6 affiliates.
MinerX provides a matching incentive on daily ROI payouts to personally recruited affiliates:
ROI Match is classified like referral commissions. This means higher-ranked MinerX affiliates earn the rank match % difference from lower-ranked affiliates. Royal R6 affiliates get 30% again. The ROI match is 10% regardless of rank if a personally recruited affiliate has the same rank as you (Royal R1 and higher).
Free membership is available for MinerX affiliates. A minimum investment of one hundred US Dollars is necessary in order to fully participate in the possible income associated with the opportunity.
MinerX clones BitHarvest, an MLM bitcoin Ponzi. USB devices that “boost” bitcoin mining by 150% are used in both scams.
Here is MinerX’s device:
And here’s BitHarvest’s equivalent:
If using a USB device to increase the output of crypto mining by up to 150% doesn’t make sense, it shouldn’t be done.
The operator of Dbank’s Texas bitcoin mining operation is unknown. Jaz Pee names Dbank’s “head of mining” “Albus.” When affiliate recruiting ends, MLM Ponzi scams stop making money. This ROI loss will doom MinerX.
Ponzi schemes’ math guarantees most participants lose money when they fail. This MinerX review references a Medium article from May 3, 2024, which Finxeed erased on November 17, 2024.
This appears to conceal BitGood, PrymeBit, and Finxeed ties. Since Finxeed removed the Medium piece, I disabled the link.
Due to Miner X’s poor trust score, the website may be a scam. Use cautious with this website! When automatically evaluating Miner X, our algorithm considered ownership, location, popularity, reviews, bogus items, threats, and phishing. All data is utilized to calculate trust.
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