iHub Global Review: Legit MLM Or Pyramid Scheme?

iHub Global Review: Legit MLM Or Pyramid Scheme?

Today, we’re going to talk about a company named iHub Global. Is this company worth investing in? Let’s find out in this iHub Global review.

iHub Global is a cryptocurrency-based multi-level marketing company that promises you’ll earn a lot of money just by joining and investing in their program.

It also operates as a multi-level marketing (MLM) company. Therefore, you may not be aware of this until some hunbot approached you about it. Most of the time, it may be a long-time acquaintance of yours that just decided to “pop up” when you least expected it.

A few of them will ask if you’re “open-minded” for a new business, and once you said yes, they’ll start pitching this so-called “opportunity of a lifetime.” If you say no, they’ll just keep on pushing you with various statements, even invoking the FOMO (Fear Of Missing Out), until you either get annoyed, or you just give in.

This is the usual strategy that most MLM companies employ for their affiliates. And for sure, this is how you get to find out about iHub Global.

But of course, not all moneymaking opportunities are legitimate. Some of them are just scams. But is iHub Global one of them?

This iHub Global review will help you answer it for yourself.

As a disclaimer, this is a fully unbiased iHub Global review, based solely on my own observation and honest opinion. Furthermore, I’m not affiliated with iHub Global or its creators in any way or form whatsoever.

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iHub Global Review: Company Overview

iHub Global

  • Name: iHub Global
  • Website: https://ihub.global/
  • Type: Multi Level Marketing, Crypto Mining Pool
  • Niche: Cryptocurrency
  • Founder/CEO: Rick Cotton
  • Price: Free for joining, $99 annually for being an affiliate.
  • Recommended?: It’s actually pretty good, but there are also several factors I see which make this, in my opinion, not really the best option for everyone. It’s not even great if you just want to expand your cryptocurrency investment portfolio.

What Is iHub Global?

iHub Global is what you can call a crypto mining network. By joining this network, you’ll be taking part in mining cryptocurrency tokens, which could make them a good amount of profit.

This time, instead of the popular cryptocurrencies out there like Bitcoin or Ethereum, you would be mining Helium tokens (Ticker Symbol: HNT), an altcoin that seems to be growing in popularity right now.

The company provides a crypto cloud mining service. The big difference between cloud mining compared to your typical mining is that cloud mining utilizes a remote data center with shared processing power.

This means one can mine for the Helium crypto even if they don’t have their own mining rig hardware. The mining rigs are housed and maintained in a facility owned by the mining company and the customer simply needs to register and purchase mining rights.

iHub Global also has a compensation program for affiliates who manage to recruit additional affiliates for the company. Do take note that this affiliate compensation plan only applies to people who have purchased the mining device being sold by iHub Global.

iHub Global seems to be an easily accessible passive income platform for many people. As they claim that even if you have no knowledge of cryptocurrency in general, you can earn a good amount of money passively with this.

Nevertheless, at its core, it’s still another MLM company. Therefore, expect that some of the claimed benefits of joining iHub Global can be more exaggerated than they want you to think.

Especially when using a cloud mining service, which is known to have lesser profit returns.

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The iHub Global Core Team

iHub Global Core Team

The good thing about iHub Global’s core team is that they’re all real persons. Not only that, they’re all credible persons that have legitimate experience in the crypto space, as well as in MLMs.

One of the founders, Rick Cotton, is also a well-known name in the MLM industry. After all, he’s also one of the founders of eXfuse and Viva Kids, which are also MLM companies focusing on a different niche.

The other members of the core team seem to also have extensive experience in their roles. These include various technical, marketing, entrepreneurship, and even legalities.

And unlike some other companies, they don’t need to hide their identities due to a bad rep in the past. This adds to the overall credibility of this company.

How Does iHub Global Work?

iHub Global - Helium Mining

As you can see, iHub global doesn’t offer any products at all. What they’re just offering is a cloud mining service on which you can mine for Helium crypto.

To accomplish this, iHub Global has partnered with a tech company called Emrit to offer the device needed for mining. It’s known as the “Emrit CoolSpot“. And you can receive this device totally free of charge when you join iHub Global (but remember that there’s no such thing as “free lunch” anymore).

The device they provide will then act as your own Helium “Hub”, obviously, the device needed to start mining Helium.

Basically, what these “Hubs” produce is Lo-Fi or “long-range Wi-Fi”, which is similar to Wi-Fi but with a much longer range. And according to them, the more devices that are surrounding your location, the more internet connectivity will happen. This will then produce more mining power that you and the other miners that are close to you will have.

In short, more iHub Global members close to your area = more Helium tokens can be mined by you.

This basically gives you an incentive to recruit more members into the company, preferably those who are nearby to your area. Because with more Helium Hubs, your potential earnings for Helium will also increase (and this is on top of the compensation plan).

How Can You Earn Money From iHub Global (And How Much)?

Due to the system, you actually have two methods to earn money from the iHub Global company. However, no matter what method you use, how much you can earn is dependent on the number of members you recruited to the network. Preferably, within the same geographical location as yours.

But to start of, you first need to register to iHub Global as an affiliate. Registering to iHub Global is entirely free of charge.

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Helium (HNT) Mining

As stated before, iHub Global offers a service that allows you to mine for cryptocurrency. Specifically, the Helium crypto token.

As it’s a cloud mining service, you don’t need to set up an expensive computer mining rig to mine Helium. Because iHub Global takes care of that concern for you.

Now here comes the important part.

For every 100 HNT you mined using iHub Global’s Helium “Hubs”, iHub will automatically split your Helium earnings with you. 50 HNT is paid to the affiliate, 30 HNT is paid into iHub Network’s compensation plan, and 20 HNT is kept by iHub Network.

Basically, this means iHub Global takes about 50% of your HNT earnings. It’s a necessary cost as the company needs money, of course.

For example, the current value of HNT at the time of this writing is $25. So if you successfully mined 100 HNT, you can now earn around $2,500.

iHub Global will get a cut of those earnings, which results in you earning a total of $1,250.

It may seem like a lot of money for most people (and it is). But do take note that mining 100 HNT can take some time, especially when you only have a few Helium Hubs in your area.

Thus, most iHub Global affiliates usually focus on the recruitment compensation plan to earn money.

iHub Global Compensation Plan

Aside from mining, you can also earn additional Helium tokens by recruiting more members into the company. This is very similar to what most MLM companies always do.

But unlike most MLMs who use the multi-level structure of compensation (wherein you can still earn commissions whenever your recruits recruit more people, and so on), the compensation plan is only structured in a unilevel.

Basically, the unilevel reward system consists of 5 levels, and you earn from your personally referred people that are mining HNT. The more people that you refer the mine, will mean the more money you can earn.

  • Pro Team – When you refer 1-5 people that have an active hotspot, you will earn 20% from the HNT that is mined from those people.
  • Bronze Team – When you refer 6-15 people that have an active hotspot device, you will earn 25% from the HNT mined from these people.
  • Silver Team – When you refer 16-25 people that have an active hotspot, you will earn 30% from the HNT mined from these people.
  • Gold Team – When you refer 26+ people that have an active hotspot, you will earn 35% from the HNT mined from these people.

Is Joining iHub Global Worth The Risk?

Helium (HNT)

iHub Global, like other cloud mining companies, is actually a good service to avail to if you want to earn money using cryptocurrency. The main advantage of these services is that you can mine cryptocurrencies without needing to purchase expensive gear or mining rig.

Basically, it allows you to earn passive income from cryptocurrency, without spending too much on crypto itself.

However, it also has its disadvantages, and some of them could be deal breakers.

The first one is, the cloud mining hub is only designed to mine only one form of cryptocurrency: Helium. It’s not able to mine any other crypto tokens, the most important ones are Bitcoin and Ethereum.

And compared to Helium, you can most likely get higher earnings by mining/staking with these crypto tokens because of their current value. Depending on the volatility, you can even earn hundreds of dollars in mere weeks.

It’s arguable, however, that Helium is less volatile compared to Bitcoin and the others. However, its value also doesn’t go high as much, so your potential earnings are somewhat capped at a rather low amount.

Unless you’re very active in recruiting to earn commissions from their earnings.

But the most important con about iHub Global is that, due to its nature, you don’t own any of the mined HNT at all.

Sure. You may cash them out freely, or be able to view the amount of HNT you mined. But all of them are held on iHub Global’s own crypto wallets.

None of the HNT you earned goes straight into your own crypto wallet. This can carry some risks in case something happens to iHub Global.

Basically, if iHub Global shuts down, all your mined HNT will be lost, since you don’t own them in the first place.

Is iHub Global A Scam?

Not at all. Despite running on a business model that’s similar to MLMs or pyramid schemes, I personally don’t think iHub Global is a scam at all.

But for me, it’s a little bit unreliable given its business model. Not to mention, it has some risks associated with it.

10 Shocking MLM Statistics That You Need to Know!

MLM Stats

  • Almost 99% of participants of all multi-level marketing companies lose money, according to the FTC.
  • There are 38% more chances of you profiting from your own any kind of small business than joining these MLMs.
  • The success rate of an online business, which will give you financial and time freedom, is 20% more than joining MLMs for making money.
  • The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from MLMs.
  • According to the AARP foundation, 47% of distributors of all MLMs lose their money. Apart from this, 27% do not make a single penny.
  • Of the remaining 26% that actually make money, 53% of them make less than $5000/year.
  • 39% of that 53%, who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
  • Forget about building a long-term business with MLMs, because 50% of all MLMs participants quit within one year.
  • 75% of people that joined MLMs say that they will never again join any kind of MLM.
  • A poll was conducted in 2018 among 1050 MLM distributors and it was concluded that most of them made 70 cents an hour and 20% of them did not make a sale. 60% of them made less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their MLM involvements.

SOURCES:

iHub Global Review: Final Thoughts

To close off my iHub Global review

Joining iHub Global may actually be a good idea for anyone who wants to earn using cryptocurrency. And the passive income opportunities that this can give you may convince some people here to register with the company as an affiliate (which, personally, has a rather low cost).

However, it’s actually much better if you just invest in HNT itself by buying from coin exchange sites instead. As the Helium token still has a low value compared to the bigger names like Bitcoin and Ethereum, it’s still easy to invest in HNT right as an addition to your crypto portfolio (especially since it’s an altcoin).

Furthermore, the hub devices that they provide for mining HNT, it’s personally better to buy those yourself (they usually cost a one-time fee of $300). It may be a bit more expensive than the membership program, but the tradeoff is that you truly own the HNT cryptos that you mine, especially since you can save them in your own crypto wallet.

But with crypto’s inherent volatility, I can’t really recommend any business ventures that involve crypto, especially when you’re a beginner.

Instead, I advise you that you take the same thing that I did. This great business model that’s I’ve been using to earn money until this day.

It’s about digital real estate and lead generation, and I’ve been making consistent several figures worth of income from this. If you want to know more about it, continue reading after this iHub Global review.

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2 Comments

  1. Glenn Benton
  2. Joe Mankus

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