At first glance, HashFinders seems like a Crypto trading or mining software. But what is it really about and can anyone money with it?
If that is the question on your mind, you have come to the right place.
For those of you who have been following my website, you’ll know that I always go deep below the surface to find out what a product/system truly is, before making my recommendation.
My objective is to help my readers to look past the hypes surrounding the product, and to be able to make an informed purchase decision based on a clear understanding of the nature of the product.
Honest, unbiased reviews – that is what you will find here.
And if you’d like to see an alternative, honest, and legitimate platform to start earning money online, then please click here.
HashFinders Summary
Product Name: HashFinders
Website: https://hashfinders.com/w/
Founder: Unknown
Product Type: MLM
Price: $100 – $50,000
Best For: No one
Summary: On the surface, HashFinders seems to offer Hash packages that allow you to make money off Bitcoin transaction. However, it is just an MLM scheme with 10 levels of membership.
Overall Ranking: 2/10
Recommend: No
What Is HashFinders
HashFinders claims to be founded in 2016. However, while hashfinders.com domain was first registered in 2016, it remains inactive until recently re-registered on September 5th, 2019. which is likely the actual date when HashFinders getting live.
From the website, we learnt that HashFinders is a Korean based company. Other than that, it is quite barren in the way of background information, offering no indication as to who owns the company.
On the surface, Hashfinders seems like a crypto trading or mining company. However, you will soon find out that it is actually a crypto MLM company instead.
As usual, I recommend exercising extreme precaution when dealing with any MLM company with an unknown founder.
How Does HashFinders Work
There are 2 ways to make money with HashFinders:
1. Purchase Hash Packages
Simply sign up for an account with HashFinders, and make a deposit of at least $100 to purchase your Hash Pack.
Thereafter, you are required to perform 5 tasks daily, which is re-transmitting of 5 transactions to the blockchain network. Simply put, you are doing manual confirmation of Bitcoin transaction. It may sound complicated but all you need to do is simply clicking on links.
You will get paid between 0.5% to 2.9% each day – Monday through Friday.
This money is deposited into your Earnings Wallet and can be withdrawn twice each week once you reached the minimum withdrawal amount.
Here are the Hash Packages in a glance:
The pricing of Hash Packages ranges from $100 to $50,000. Each package comes with a different number of accelerators. Users can use these accelerators to speed up any transaction in the bitcoin network.
No matter which level you are at, you only need to perform 5 tasks daily.
2. Referral
Otherwise, you can also make money by referring people to HashFinders. You get a 7% commission on your direct referrals.
Binary Compensation Structure
HashFinders’ compensation plan follows a binary structure.
Simply put, you need to refer 2 paying affiliates to HashFinders in order to qualify for Binary Bonuses. Thereafter, your referral will do the same and this is how the binary structure grows. There is no limit to how deep a binary team can grow.
You will be paid 10% of invested funds on your weaker binary team side (lower leg).
There is also a ranking system within HashFinders compensation plan:
> Finder Elite – generate at least $2000 in weaker binary team side investment volume
> Finder Premier – generate at least $5000 in weaker binary team side investment volume
> Finder Bronze – generate at least $18,000 in weaker binary team side investment volume
> Finder Silver – generate at least $50,000 in weaker binary team side investment volume
> Finder Gold – generate at least $120,000 in weaker binary team side investment volume
> Finder Platinum – generate at least $300,000 in weaker binary team side investment volume
> Finder Diamond – generate at least $1,200,000 in weaker binary team side investment volume
> Finder Blue Diamond – generate at least $3,000,000 in weaker binary team side investment volume
> Finder President Diamond – generate at least $10,000,000 in weaker binary team side investment volume
Depending on which level you are at, you can receive matching bonuses up to 7 levels deep:
> Finder Bronzes – 3% match on level 1 (your direct referrals)
> Finder Silvers – 3% match on levels 1 and 2
> Finder Golds – 3% match on levels 1 to 3
> Finder Platinums – 3% match on levels 1 to 4
> Finder Diamonds – 3% match on levels 1 to 5
> Finder Blue Diamonds – 3% match on levels 1 to 6
> Finder President Diamonds – 3% match on levels 1 to 7
As your team grows and your career advances, you can expect to earn some bonuses ranging from iPhone X to Ferrari!
HashFinders Ugly Truth Revealed
1. Not BBB Accredited
As a new company with an unknown founder which not BBB accredited, I will be very careful when approaching it.
Don’t get me wrong, I’m not saying that a company that is not BBB accredited is a scam. But for a combination of all those reasons that I have mentioned above, I will not put much trust in HashFinders.
2. Not As Easy As It Sounds
As you can see, you get a little earning here and there with HashFinder – 0.5% to 2.9% by performing a few clicks every day, and 7% commission on your direct referrals.
Your real ‘money’ lies in growing your downline. As your team expands, your rank moves up and you get to enjoy more bonuses and commission. After all, it is an MLM scheme in disguise.
However, recruitment is not an easy task – you are either required to do face-to-face selling or engage paid ads. Either way, it is not as easy as you were led to believe and it will take a while before you can recoup back your investment.
3. Dubious Business
Earning 0.5% to 2.9% a day by simply performing a few clicks online sounds like a really easy way to make money online.
But I am sure none of you buying into this, right?
The nature of the job doesn’t really justify the pay that you are getting. And the Hash Packages also doesn’t justify the price that they are charging. Those packages and tasks are only there for recruiting purpose.
The reason is, a recruitment scheme like this without any retailable products or services can be considered illegal.
In fact, it reminded me of another scheme which had been shut down by the FTC – MOBE.
Some Background About MOBE
Just a sidetrack story here…
On the surface, MOBE seems to be a recruitment scheme that offers real training and products.
However, it was shut down by FTC for fraud in Jun 2018. According to
FTC, MOBE had taken $125 million dollars from unsuspecting consumers who
were seeking to make money online to better their lives, but instead,
they lost thousands of dollars into this scheme.
Before they were shut down, they went great length to sue Kyle, the founder of Wealthy Affiliate, for allegedly calling them ‘another obvious scam’.
Long story short, the whole episode concluded with a happy ending –
the truth prevailed, and Kyle donated half of the money awarded from the
lawsuit to the victims of MOBE, in order to help them get back on their
feet.
I am sharing this because Wealthy Affiliate is a community that I am proud to be in. It is a warm and helpful community, and this culture start all the way from the top!
Is HashFinders A Scam?
Personally I don’t think HashFinders is a scam.
However, without proper retailable products or services, coupled with unknown founder, HashFinders is operating at a grey area here.
For that reason, I will not recommend HashFinders.
However, if you are still interested to make money online. Keep on reading because I have a piece of good news for you.
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p/s : free membership tier available, no credit card info will be asked
What do you think about HashFinders? Share with me your thoughts at the comment section below!
