I somehow completely buy your point. In GB, people are getting a fixed and limited income for 18 months only. After the 18 months until the hardware remains in operation can be used to mine for company or for new users. More the people, more the after 18 months income for company. And if I compare it to Genesis mining (as usually people do), they ask for around $200-220 to mine around half of what GB is giving monthly with one BTC investment. Even if I calculate roughly, GB is getting four times (around $800/BTC than compare to $200) than what Genesis is asking and giving only twice compare to what Genesis is giving and that too for just 18 months. So GB is getting huge profits already from the users and that is the reason they may be able to pay the MLM format. The BTC price is expected to grow gradually in future so the comparo between Genesis's $200 mining outputs with GB will be irrelevant all the time. The MLM will pull in more people which will boost incoming BTC's investment for GB and on another hand the BTC price itself is growing (if at all matter for GB) day by day so its like huge, huge profit for them to run this model for a long time may be we cant imagine seeing the population in India. 

Ok, So I invested .1 BTC last month and raised a refund for it and got it back successfully. I am going to invest .5 BTC*2 out of which I will enter into system with .5 and will raise a refund for another .5 BTC. Assuming they only return small amount lets see what happen with .5 BTC.

Another thing is that I have met few people on the web and spoke on the phone who are getting payouts since almost 15 months now and everything is fine and regular for them and they don't have any chain or anything under them. One of the person invested only 1 BTC and another invested around 3-4 BTC's and things are good for them.

I have takes the risk of a small amount, lets see what happens next. At least I will understand how it actually works and even if I calculate things more incoming and less outgoing basis I guess this thing is gonna run long long way.

Will share more details soon.

This sounds good. Their Coinbank wallet works fine and good to see that they are going to use it like a bank and fixed deposits. And about the copy paste website data from Hashocean also sounds logical to me.

I am also doing some researches on GB by entering into their system to know how it actually works. Will share some inputs soon.

Thanks.
How many Gh/s do you get for 0.1BTC?
What does the refund policy say?
[/quote]

You get 10% of whatever amount of BTC you invest, in this case it becomes 0.01/month for 18 months. I know its very small but the amount you invested is also very small.

Ok, I was just scrawling on the internet over the weekend and found few more facts, don't know if you guys are aware so sharing here. My purpose of doing all this is to understand if it is really a scam? I know you guys posted all the links and docs in earlier posts to prove that it is not good at all but I just want to be neutral and would like to think from both side (no offence to anyone). Also, I've risked 0.1 BTC to understand how it actually works, because I think until & unless you get into it and sign up you don't get complete info. Speaking from out of system is just so easy. I found few below facts about Amit and GB and want to understand if it is a scam how those media websites/houses are unaware and simply praising Amit /GB.

1. GB were mining in F2 pool until few months back (as they says) and GB's owner Amit got his own mining pool with some Nikunj and 1-2 more people. Amit is the one of main investor in Gbminers pool as those all news says:

https://cointelegraph.com/news/indias-path-to-bitcoin-adoption-interview-with-the-largest-non-chinese-mining-pool

http://tech.firstpost.com/news-analysis/bitcoins-accepted-by-over-500-merchants-in-india-says-gbminers-co-founder-amit-bhardwaj-353532.html

http://coinjournal.net/new-indian-mining-pool-gbminers-gains-3-of-network-hashrate-views-bitcoin-unlimited-positively/

2. I also searched even if GBminer pool exist or not then I found that Blockchain proves that it exists.

https://blockchain.info/pools

3. I logged into the website and clicked on the refund button which people says is not working but I found it is working perfectly fine. When you click on the link it opens up a page which ask details about you. Was trying to upload that screenshot to show you guys but could not, seems like this site accept only web images. (let me know if I can directly attach a image)

I am not here to prove anyone wrong or false, I am just trying to understand if everything is bad then how things are happening pretty well and facts which they says comes true in real world parallel. They said something big coming, they launched their pool. They said we're bringing the refund policy, they made it real. They said we're developing our own wallet, they did it and I must say that wallet is pretty sorted with good features.

I called on their customer support numbers/email ids and got good timely answers as well.

The worst I can say even if it is a scam, by seeing the developments and efforts they are putting seems like they have long long to go before they vanish.

.1 BTC shows up only when you sign in and not at the outside on home page as they have more plan with more BTC's till 100 which shows up only when you login.

Refund policy option came in Oct-Nov and that also shows up after you login.

I have not yet and I am not bothered if you are not convinced.

Would you recommend any other BTC mining company which looks good?

Thanks for the calculations and it is clear that holding BTC is more profitable. BTW, the smallest amount you can give them is 0.1 BTC which is almost 5.5k today.

I think I must try my hands with them. Let me try with some small amount.

I found their wallet good actually, it is device based and not the database based on the cloud out in other country. And that fees is the transaction fees as standard in Bitcoin network, BTW.

There you go:

https://play.google.com/store/apps/details?id=info.coinbank.wallet&hl=en

I just saw that they have launched their Bitcoin wallet as well (Coinbank) last month and it looks pretty good in terms of how it works.

I dont know what is cooking there, good or bad.