Quote from: bpanther on January 25, 2017, 07:26:57 AM

Current BTC mined per month (average): 54000 BTC
GBMiners Hashrate: 5% of total available on Blockchain
GBMiners mined bitcoin per month: 2700 BTC
Total transections on blockchain per day: 200 Million
Lets assume GBMiners validate 5% transections with an average fee of .0001 BTC:
Total transections: 10 Million
Total earning per day: 1000 BTC (This can be lower)

It's good to see people attempting analysis, but the old saying of "There's lies, damn lies and statistics" comes to mind.
Also protip: beware the decimal point.

If GB miners and Gainbitcoin are synonymous, then 5% share of the hashrate will accrue 5% of the total mining reward (dependent upon luck), so it would be reasonable to say that their gross daily income would be in the region of 100 BTC. (Struggling to maintain 3%,~60BTC atm.)
That's only part of the equation though.
Resorting to the ridiculous to make a point, if I had an infinite number of monkeys (no offence to monkeys) and an infinite number of pieces of paper and pencils, then I could have them make an infinite number of calculations and mine an infinite number of anything.
The cost, however, would also be infinite.

Also a factor is the amount of future debt (mining contract repayment commitment @ 10% monthly ROI) that needs servicing from this gross income. This is unknowable without information about how many contracts Gain have sold.
Gain reminds me of Bitclub Network in some ways, MLM selling orientated not least. When BCN realised they had hugely oversold their hashrate, they just unilaterally cancelled early contracts.

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GBC contract validity: 18 Months
Average life of mining hardware: 4 years (estimated)
Months left after user’s contract expires: 30 Months

Now see, how is it happening. The hardware purchased by any user will server atleast 18-30 more months and their hashing power is increasing day by day for new users. That is the reason, they go with very rough calculations because they know this can be done this way.

This is not relevant to the fact that they promise a return of 10% per month (i.e. 0.1BTC) if you buy 1.5 Th/s for 1BTC from them.
At current difficulty, that 1.5 Th/s will mine 0.05604730BTC per month (gross of all costs).
Where does the missing 0.0439527BTC come from?

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I feel this is that magic which is working for them

I'm uneasy with the use of the word "magic" when discussing cloud mining.

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I can’t say they are scam because of committed payout.

On that basis, would you have invested in Bernie Madoff?

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They have kept the contract prices same even after prices went nearly 3 times high in a year and with that they can plant more servers or can sell the BTC bulk at peak prices and can buy at lower rates after the crashes.

This is speculation about speculation. Gainbitcoin sell mining contracts.

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I feel Amit will not highlight himself so much if he is not genuine because wherever he will stay after any scam, govt. will catch him bcz the amount at stake is very high here. They are saying that they are getting registered in India in March 2017, and if this happens people will not face any issue in my opinion.

Why Mr. Bhardwaj does what he does and the mental processes behind it are unknown to anyone apart from him.

Edit: I drafted this post when I had 5 minutes earlier on, before bpanther edited his. Most points still stand though, especially the conundrum

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...they promise a return of 10% per month (i.e. 0.1BTC) if you buy 1.5 Th/s for 1BTC from them.
At current difficulty, that 1.5 Th/s will mine 0.05604730BTC per month (gross of all costs).
Where does the missing 0.0439527BTC come from?

I would be really interested to know.