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On its website, SmartHashes says nothing about who owns or runs the company.

The domain name for SmartHashes’ website, “smarthashes.com,” was registered privately on May 2, 2021.

If an MLM company isn’t clear about who owns or runs it, you should always think twice before joining or giving them any money.

The Products of SmartHashes
SmartHashes has no products or services that can be sold.

Affiliates can only sell SmartHashes’s affiliate membership.

Plan for SmartHashes’s pay
Affiliates of SmartHashes invest in bitcoin based on the promise of returns.

SmartHashes has different investment plans for 2, 4, and 8 months.

Plan for 2 Months

Starter: Put in $4 and get 11 cents every day for two months.
Economy: If you put away $11, you’ll get 34 cents a day for two months.
Standard: Put $32 in and get $1.03 a day for two months.
Semi-Pro: Put in $63 and get $2.10 a day for two months.
Advanced: Put in $166 and get $5.75 a day for two months.
Professional: Spend $319 and get $11.50 per day for two months.
Invest $930 and get $34.49 a day for two months.
Investor+: Put $2,820 in and get $103,48 a day for 2 months.
Plan for 4 Months

Starter: Put $7 in and get 23 cents every day for 4 months.
Economy: Spend $21 and get 69 cents back every day for 4 months.
Standard: Put $63 into the account and get $2.07 a day for 4 months.
Semi-Pro: Put in $126 and get $4.20 per day for 4 months.
Advanced: Put $332 into the account and get $11.50 a day for 4 months.
Professional: Invest $637 and get $22.99 a day for 4 months.
Investor: Put in $1,860 and get $68.98 per day for 4 months.
Investor+: Put $5,640 in and get $207,95 a day for 4 months.
Plan for 8 Months

Starter: Put in $14 and get 46 cents per day for 8 months.
Economy: Put $42 into an account and get $1.38 a day for 8 months.
Standard: Put away $126 and get $4.14 per day for 8 months.
Semi-Pro: Put $252 down and get $8.39 a day for 8 months.
Advanced: Put $663 into the account and get $22.99 a day for 8 months.
Professional: Invest $1274 and get $45.99 a day for 8 months.
Invest $3,720 and get $137.97 per day for 8 months.
Investor+: Put $11,280 in and get $413.90 per day for 8 months.
Referral Commissions: Referral commissions are paid by SmartHashes through a single level of compensation.

With a unilevel compensation structure, an affiliate is at the top of a unilevel team, and every other affiliate they recruit is right under them (level 1):

If an affiliate on level 1 brings in new affiliates, those new affiliates join the original affiliate’s unilevel team on level 2.

If any level 2 affiliates bring in new affiliates, they move to level 3, and so on until there are no more levels to go down.

SmartHashes only lets you pay for up to five unilevel team levels.

Based on how much money is invested at each of these five levels, referral commissions are paid out.

persuade other people to invest $100 and you’ll get 3% on level 1. (personally recruited affiliates)
convince others to invest $250 and you’ll get 3% on level 1 and 4% on level 2.
convince others to invest $1,000 and you’ll get 3% on level 1, 4% on level 2, and 5% on level 3.
convince others to invest $5,000 and you’ll get 3% on level 1, 4% on level 2, 5% on level 3, and 6% on level 4.
convince other people to invest $10,000 and you’ll get 3% on level 1, 4% on level 2, 5% on level 3, 6% on level 4, and 7% on level 5.
Joining SmartHashes is free, and you can join as an affiliate.

To fully take advantage of the attached income opportunity, you must invest at least $7 in bitcoin.

The End of SmartHashes
SmartHashes says that bitcoin mining brings in money from outside sources.

The places where our equipment is kept are called “data centers.” Customers rent equipment without being there in person.

One of the biggest benefits is that you don’t have to pay for the equipment’s depreciation.

Also, our data centers are watched over around the clock.

There is no proof that SmartHashes makes money from mining. There is also no evidence that SmartHashes is making money from anywhere else.

Photos of mining equipment on the SmartHashes website are stock photos that appear on other websites:

At the moment, new investment is the only source of income that can be checked.

SmartHashes is a Ponzi scheme because they use the new money to pay affiliates a daily return.

As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops.

This will stop SmartHashes from getting money from ROI, which will eventually cause it to fail.

The math behind Ponzi schemes makes it clear that most people will lose money when they fail.

Based on recent conversations in the official SmartHashes Facebook group, this may already have happened:

Based on an analysis of Alexa traffic, most SmartHashes victims come from Nigeria (50%), the United States (26%), and Canada (13%).

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