Those of you who subscribe to BehindMLM will have read the report of 12 May, 2024 in which they report the BitHarvest Scam. Parts of this report are posted below.
They report that the BitHarvest CEO “Logan Lee” is actually Singaporean national Steve Ng who is actually a poker player who recently competed in the Asian Poker Tour Taipei 2024 tournament. (by clicking the link you will be taken to the BehindMLM article)
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So the high probability is whoever is actually running, what we believe to be, the BitHarvest scam is either:
Two other names attached to BitHarvest worth noting are Jan Gregory and Marcos Caleb. Marcos Caleb runs a YouTube channel on which he promotes what we believe to be MLM crypto Ponzi schemes.
BitHarvest has no retailable products or services.
Affiliates are only able to market BitHarvest affiliate membership itself.
BitHarvest affiliates make partial and full position investments.
A partial investment position in BitHarvest costs 90 USDT plus $10 in BTH.
A full investment position in BitHarvest costs 900 USDT and $100 in BTH.
BTH is an internal BEP-20 shit token created by BitHarvest.
100 USDT investment are referred to as partial positions. A 900 USDT investment (or nine 100 USDT investments) represents a whole position.
This is done on the promise of a variable daily passive return, paid out in bitcoin.
The MLM side of BitHarvest pays on recruitment of affiliate investors.
Note that BitHarvest only pays out 70% of earned commissions. The other 30% is sent to a locked “register wallet”, of which only 50% can be used to reinvest in new BitHarvest positions.
There are six affiliate ranks within BitHarvest’s MLM opportunity.
Along with their respective qualification criteria, they are as follows:
BitHarvest pays referral commissions on USDT invested by personally recruited affiliates.
Note that referral commissions are coded. This means that a 22.5% referral commission is always paid out, allowing higher ranked BitHarvest affiliates collect the difference paid to lower ranked downline affiliates.
BitHarvest pays an up to 30% match on daily returns paid to downline affiliates.
As with referral commissions, the ROI Match is also coded. This means that a 30% match is paid on every ROI payment, allowing higher ranked BitHarvest affiliates to collect the difference paid to lower ranked downline affiliates.
BitHarvest affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 100 USDT investment.
Evidently for 2024 Gregory has switched out his Russian accomplices for Asian scammers operating out of Singapore. Other than that BitHarvest is the same old Boris CEO Ponzi playbook.
The BitHarvest Scam is a magical USB device that something something AI bullshit something something…
Having researched the MinerX program we can say we are extremely happy they have a genuine CEO who has a proven track record and is a founder of the highly popular Uniswap exchange. He is an advisor to the former Australian Prime Minister and can proudly claim to have created the millionaire lifestyle for over 100,000 people.