It seems like crypto currency is a never ending success story. Some recent statements made by China but also JP Morgan have proven that crypto currency cannot be ignored by the mainstream anymore. It just goes to show that also big players want to have a piece of that cake.
It goes without saying that all those statements had one purpose: make money with crypto currency!
Just recently news.Bitcoin.com reported on JP Morgan executive Jamie Dimon calling bitcoin a “fraud” and claiming he would fire any employee from his firm who traded the digital currency for being “stupid.” Now it seems JP Morgan has been caught red-handed purchasing a bunch of XBT shares, otherwise known as exchange-traded-notes, that track the price of Bitcoin.
Computer programmer John McAfee told Jamie Dimon to value Bitcoin and the work that goes into making the virtual currency. And he is right. It costs 1.000 USD to create a Bitcoin. It’s called Proof Of Work. But what does it cost to create a USD?
Creating Bitcoins is called Mining. There are companies that are specialized in Bitcoin Mining. And Global Smart Mining is one of them.
What is the business model of GS Mining?
GS Mining would allow customers that cannot afford buying their own miners to invest in cloud mining. Cloud Mining is the process of bitcoin mining utilizing a remote datacenter with shared processing power. So you basically buy processing power that allows the company to create crypto currency and share the profit it generates with you.
How much can you earn?
You can buy shares in 500 USD lots. Every lot will generate approximately 3,33% monthly profit. As the mining equipment depreciates you will receive part of your initial investment back – 3% per month.
Every contract will work for 1.000 days (approximately 33 months).
So in total you would receive approximately 6,33% per month. That would allow to break even after 16 months. The remaining 17 months you will get pure profit!
If you pay with crypto currency, the investment value will be fixed in USD. However, you get your profits in crypto currency and can benefit from growing rates.
Does it make sense to recommend GS Mining?
It definitely does. You can earn affiliate commissions across 10 levels. Affiliate commissions are based on the amount invested by your partner.
In order to qualify for new levels you have to reach certain volumes. Example: If you want to receive affiliate commissions for the first 5 levels, you have to have a team turnover of 81.000 USD.
On top of the affiliate commission you can also earn a so called Matching Bonus. Matching Bonus is based on the passive income your partners will get.
Example: If your first line partner is earning 100 USD per month, you will get 20 USD on monthly basis. Provided that you have at least two active direct partners signed up.
Profits incl. matching bonus: on the 30th of every month
Affiliate commissions: every Monday
As of now you can pay with Bitcoin or Ethereum. Advanced Cash will be available soon.
More crypto currencies are planned: LTC, DASH, ZEC
GS Mining has just started and it’s too early to make any major conclusions. But I had a chance to talk to one of the co-founders. It seems like they have great plans. They have made some major investments in hardware and they are setting u an entity in Malta.
I have invested 500 USD and plan to increase my investment to 5.000 USD after I’ve completed my research.
I will keep you updated on what’s happening with my investment. If you want to sign up and make yourself familiar with the back office, please find my link below: