SmartHashes provides no information on its website about who owns or runs the company.
SmartHashes’ website domain (“smarthashes.com”) was privately registered on May 2nd, 2021.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
SmartHashes’ Products
SmartHashes’ has no retailable products or services.
Affiliates are only able to market SmartHashes affiliate membership itself.
SmartHashes’ Compensation Plan
SmartHashes affiliates invest bitcoin on the promise of advertised returns.
SmartHashes sorts its investment plans into 2 month, 4 month and 8 month tiers.
2 Month Plans
- Starter – invest $4 and receive 11 cents a day for 2 months
- Economy – invest $11 and receive 34 cents a day for 2 months
- Standard – invest $32 and receive $1.03 a day for 2 months
- Semi-Pro – invest $63 and receive $2.10 a day for 2 months
- Advanced – invest $166 and receive $5.75 a day for 2 months
- Professional – invest $319 and receive $11.50 a day for 2 months
- Investor – invest $930 and receive $34.49 a day for 2 months
- Investor+ – invest $2820 and receive $103.48 a day for 2 months
4 Month Plans
- Starter – invest $7 and receive 23 cents a day for 4 months
- Economy – invest $21 and receive 69 cents a day for 4 months
- Standard – invest $63 and receive $2.07 a day for 4 months
- Semi-Pro – invest $126 and receive $4.20 a day for 4 months
- Advanced – invest $332 and receive $11.50 a day for 4 months
- Professional – invest $637 and receive $22.99 a day for 4 months
- Investor – invest $1860 and receive $68.98 a day for 4 months
- Investor+ – invest $5640 and receive $206.95 a day for 4 months
8 Month Plans
- Starter – invest $14 and receive 46 cents a day for 8 months
- Economy – invest $42 and receive $1.38 a day for 8 months
- Standard – invest $126 and receive $4.14 a day for 8 months
- Semi-Pro – invest $252 and receive $8.39 a day for 8 months
- Advanced – invest $663 and receive $22.99 a day for 8 months
- Professional – invest $1274 and receive $45.99 a day for 8 months
- Investor – invest $3720 and receive $137.97 a day for 8 months
- Investor+ – invest $11,280 and receive $413.90 a day for 8 months
Referral Commissions
SmartHashes pays referral 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.
SmartHashes caps payable unilevel team levels at five.
Referral commissions are paid out on funds invested across these five levels, based on downline investment.
- convince others to invest $100 and earn 3% on level 1 (personally recruited affiliates)
- convince others to invest $250 and receive 3% on level 1 and 4% on level 2
- convince others to invest $1000 and receive 3% on level 1, 4% on level 2 and 5% on level 3
- convince others to invest $5000 and receive 3% on level 1, 4% on level 2, 5% on level 3 and 6% on level 4
- convince others to invest $10,000 and receive 3% on level 1, 4% on level 2, 5% on level 3, 6% on level 4 and 7% on level 5
Joining SmartHashes
SmartHashes affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $7 investment in bitcoin.
SmartHashes Conclusion
SmartHashes represents it generates external revenue via bitcoin mining.
Our equipment is located in specialized data centers. Clients rent equipment without physical presence.
A huge advantage is that you do not have to pay for the depreciation expense for the possession of the equipment.
Also, our data centers are under the clock protection.
No evidence of SmartHashes generating revenue via mining is provided. Nor is there any evidence of SmartHashes generating external revenue from any other source.
Photos of mining equipment on SmartHashes’ website are stock photos that appear on other websites:
As it stands the only verifiable source of revenue entering SmartHashes is new investment.
Using new investment to pay affiliates a daily return makes SmartHashes a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve SmartHashes of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Based on recent discussion in SmartHashes’ official Facebook group, this might have already happened:
Alexa traffic analysis suggests the majority of SmartHashes victims are from Nigeria (50%), the US (26%) and Canada (13%).