SHA-256 gives no info on its web site about who owns or runs the corporate.
SHA-256’s web site area (“sha-256.io”) was privately registered on October fifth, 2020.
SHA-256’s official Fb web page is being managed from Bangladesh and the Philippines.
Undecided concerning the Philippines however on SHA-256’s official YouTube channel, the primary movies uploaded are testimonials from guys with robust Indian accents.
Seeing as Bangladesh neighbors India, the accent is probably going from the identical area.
This strongly means that whoever is working SHA-256 operates out of Bangladesh.
In an try to look respectable, SHA-256 gives incorporation particulars for SHA 256 LTD.
SHA 256 LTD is a shell firm integrated within the Marshall Islands. The Marshall Islands is a scam-friendly jurisdiction with little to no lively regulation of company fraud.
For the aim of MLM due-diligence, Marshall Islands shell incorporation ought to be ignored.
Primarily based on Alexa web site site visitors evaluation, SHA-256 is at present being promoted in Angola (30%), Russia (10%) and Venezuela (8%).
As all the time, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
SHA-256’s Merchandise
SHA-256 has no retailable services or products, with associates solely in a position to market SHA-256 affiliate membership itself.
SHA-256’s Compensation Plan
SHA-256 associates make investments bitcoin, ethereum, litecoin and dogecoin on the expectation of a passive return.
Minimal SHA-256 funding quantities are:
- bitcoin – $12.50
- ethereum – $17
- litecoin – $12
- dogecoin – $15
SHA-256 claims to pay returns day by day. Funding is made for a set time period, nonetheless these phrases are not any disclosed on SHA-256’s web site.
Referral Commissions
SHA-256 pays a base 5% referral fee on invested funds.
SHA-256 consultant associates earn referral commissions down three ranges of recruitment (unilevel):
- 10% on degree 1 (personally recruited associates)
- 4% on degree 2
- 2% on degree 3
To qualify as a consultant, SHA-256 associates should spam social media:
Should you really feel your social sway can be utilized to introduce the enjoyment of cloud crypto mining to folks all over the world, we need to hear from you.
We are able to’t welcome simply anybody into our unique Consultant tier. However how will you ever know when you don’t apply?
Becoming a member of SHA-256
SHA-256 affiliate membership is free.
Participation within the connected revenue alternative nonetheless requires funding in bitcoin, ethereum, litecoin or doge.
Funding contracts aren’t disclosed on SHA-256’s web site.
Conclusion
SHA-256 claims to be “one of many world’s largest and most dependable cloud mining firms”.
Cloud mining is the ruse behind the businesses marketed passive funding scheme:
The corporate and mining amenities have been established within the Republic Of Marshall Islands.
Sadly, additional particulars and map info can’t be shared because of safety causes.
Naturally there’s no proof of SHA-256 partaking in mining exercise. The very best you’re going to get is the standard social media advertising, which is meaningless.
The underside line is SHA-256 is run by individuals unknown and isn’t registered to supply securities in any jurisdiction.
Registering to supply securities within the nations it solicits funding in, would require SHA-256 to file periodic audited monetary reviews.
That is the one method to confirm SHA-256 isn’t recycling invested funds to pay returns.
Conversely, the one cause SHA-256 opts to function illegally is as a result of that’s precisely what it’s doing.
Regardless of working a Ponzi scheme, SHA-256 falsely claims on its web site that it’s “audited and controlled”. No particular particulars are supplied.
In any occasion with new funding the one verifiable income getting into SHA-256, the corporate operates as a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve SHA-256 of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of contributors lose cash.