The thing is, these guys really do have a ton of hardware pointed to their pool - at last check it's over 30PH. Either they own the hardware themselves (probably purchased from the cloud mining scams they ran) or have somehow convinced around 2% of the world's hardware to point their way.
Yeah, there is mining going on, but who it belongs to and how many people have been sold shares in it is another matter.
If you believe the A4 laminates on the wall this is GB's Chinese mine, containing about 1,000 S9's
https://youtu.be/y8kw9I1HWvkNot as professional as BCN's vids of Genesis' Verne Global setup with BitClub signs draped over it, but...
What would bug me, if I had any exposure to GB, is the potential insecurity of their main asset, that farm out in the wilds of China.
I get the feeling that it could just vanish overnight and there wouldn't be Jack that a bunch of Indian guys a couple of thousand miles away could do about it.
That's if they own any of it, of course.
You mention similarities to BitClub... but I'm not seeing them. Help me see what you see
Other similarities between GainBitcoin/BitClub Network and GBminers pool/BitClubPool??
Mainly from the MLM aspect, things like
.
The concentration on crypto newbies as the client base, recruited by old hands in MLM selling.
Various MLM teams around the world formed to sell the "passive income" angle, with a touch of cool innovation and a "get in on the ground floor" hook.
BCN pimps were heavily hinting at 10% per month ROI in the early days, just like Gain do, despite math.
10% a month is a deal clincher number.
Then there's the S.O.P. of false testimonials and social media posturing as "educators", while actual information is biased more to the intricacies of "binary weak legs" and other MLM ephemera rather than mining data or details.
And as you point out, one post newbie shill posts and attacks on critics, another standard tactic from marketeer orientated operations..
And specifically re: mining pool, reluctance to pay third party miners and manual payment processing.
"Fastest growing mining pool in the world" V "one of the largest mining pools in the world"....(~2%)
Which leads me to a non miner question; why would a miner invite other miners into their pool?
Presumably for the money and something to do with black arts things called "luck" and "difficulty"?
Also a bit of dick measuring "look at how big mine is?", to impress the
ladies cloudmining punters?
And why would a miner go to a specific pool like GB or BCP? Because it's cheap? Surely there's a risk of them just running away with the reward?