Dear Friends,

The talk here is centered around whether mining is profitable or not, which I think tmfp has answered wonderfully with all his calculations.

I would add another perspective to this calculation as to if you invest 1BTC into GainBitcoin, what purportedly happens to the money and what really happens to the money.

When you invest 1 BTC in GainBitcoin, as per their commitments and your understanding you are buying hashing power in their cloud mining operation. As they are taking money from you they will be investing the same in new hardware which will increase their overall hashing power.

What really happens is as under :

Lets say you invest 1BTC to buy hashing power.

The person who sponsors you gets an immediate incentive of 5% of the amount invested i.e. .05 BTC

The network of people above you also gets incentives on the investments made by you to the tune of 10% on matching of investments in their left and right networks, translating to around 40% of the invested amount being distributed as incentives. So in this case, .4BTC is distributed as binary incentive to the network above you.

Add to this the lucrative awards given out for enrolling more and more people which would add around .1BTC to the amounts paid out approximately.

And assuming a 10% profit for Mr. Bhardwaj and his team (as I sure is working for profits) .1 BTC can be safely calculated as that.

So now the amount left out to buy the so called high end mining equipment is as under :

Amount invested        1 BTC
Given to sponsor     -  0.05 BTC
Given to network    -  0.40 BTC
Rewards                -   0.10 BTC
Profit                     -   0.10.BTC
                            ---------------
Balance left                0.35 BTC
                            ---------------

So in effect 65% of your so called investment is paid out as incentives and profits to the network.

I am not an expert in mining, so would require help from the experienced users here, can this amount be enough to promise the hashing power whereas you have already proven beyond doubt that even 1BTC cannot generate the % returns promised.

Why are there no complaints??

The simple reason is that the incoming is still more than the outgoing. The day the same is reversed, Amit Bhardwaj (who has already shifted his base to Dubai in a smart move) will be no where to be found and you will be sitting with a dead e-contract promising you 10% mining returns on non-existent hardware.

Another Calculation to prove GainBitcoin is a scam

Lets assume that they are a legitimate company who have every intention of paying you your returns at the % promised.

The last 3 months sales of Gainbitcoin in terms of BTC invested are as under (Data available on their dashboard in members area) :

December 2016  21474.2 BTC
November 2016  22640.9 BTC
October 2016     15298.5 BTC
                         --------------
TOTAL                59413.6 BTC

Now as per their commitment, they have to pay out 5941.36 BTC as mining outputs i.e. 10% of the amount invested for the next 18 months.

That means they should mine at least 198.045 BTC daily to payout the people who have invested 59413.6 BTC.

Total BTC mined in a day in the world are 1800. So to actually payout the people who have invested in the last 3 months, GainBitcoin should be mining at least
11% of the world's bitcoin mining per day.

We all know that is not true. So GainBitcoin is nothing but a Ponzi which will implode at the first instance of the inflows being less than the outflows.

Hope this helps to stop you from being scammed.

Thanks