Welcome to my OXBTC review!
First things first, I’m really happy for you that you’re willing to do your own research before joining any program as there are way too many online scams that can waste you a ton of time and money.
And this is the only way to stay away from scams and find the legitimate way to make money online!
Let me be completely honest with you, I’m not associated with OXBTC in any form so I’m not here to sell anything to you.
So, if you’re doing research about is OXBTC a scam or legit, rest assured that this is the right place.
In this review, I’m going to be giving you a thorough breakdown of OXBTC and whether you should join this program.
Product Name: OXBTC
Price: Free to Join
Overall Rank: 40 out of 100
OXBTC was founded in 2014 and headquartered in China, which is a cloud mining company that enables users to join bitcoin mining without maintaining their own mining hardware. It is also one of the earliest cloud mining platforms worldwide.
According to their website, this platform is designed to support Chinese, English, and Korean languages, which have served more than 770,000 users worldwide in 50 countries and issues total 30348.63 BTC over the past 5 years.
What is Cloud Mining?
Cloud Mining is the process by which people register an account at companies such as OXBTC, where they can join a mining pool with a low cost and mine crypto coins without maintaining their own miners.
Basically, you are purchasing a certain amount of hash rate, as known as the speed of the computer’s processing power operating in the cryptocurrency code.
After a bitcoin block was mined, the block rewards will be allocated to each participant at the mining pool in proportion to their amount of hash rate. In other words, the greater hash rate you possess, the more cryptocurrency you’ll be able to mine.
Apart from cloud mining, an alternative way is to mine is individual mining,a process of purchasing and operating your own miners instead of joining a mining pool.
The good thing about being an individual miner is that you can keep 100% of the block rewards once a block has been successfully mined. On the contrary, it can also wind up causing a number of disadvantages, including:
- Expensive equipment
- Energy and time devoted to get the equipment to work
- Monitor the equipment 24 / 7 to ensure it’s productivity
- Electrical energy cost
- Maintenance fee of the machine
- Noise and excessive heat produced
- Technical knowledge and prior experience required to maintain the equipment
With all these drawbacks, cloud mining really seems to be a better option for most people.
For support, there’s only a bulletin board along with a FAQ section within the community. And the only way to contact them directly is through social media or email.
Currently, there are 5 types of mining contracts offered at OXBTC:
- 210 Days Bitcoin Mining Contract = USD $440
- 360 Days Bitcoin Mining Contract = USD $9.6 / THS
- 3 Years Bitcoin Mining Contract = USD $22.9 / THS
- 1 Year FIL Mining Contract = USD $99 / 0.5TB
- 3 Year FIL Mining Contract = USD $198 / TB
OXBTC provides users with a unique referral link as soon as you registered so that you can earn additional BTC commissions from your referrals.
In fact, the more invitations you get, the more commissions you will be able to earn.
There are 3 invitation level:
- Bronze = Earn 2% of the total amount of BTC/ETH hashrates purchased by your referrals
- Silver = Earn 3% of the total amount of BTC/ETH hashrates purchased by your referrals.
You’ll be upgraded to Silver rank once the cumulative invitation purchase amount is more than $5000.
- Gold = Earn 5% of the total amount of BTC/ETH hashrates purchased by your referrals.
You’ll be upgraded to Gold rank once the cumulative invitation purchase amount is more than $10000.
The Good & the Bad
1. A Legit Company
Like I’ve mentioned above, their cloud mining service has already been operating safely and consistently for 5 years. With 8 mining farms and tens of thousands of operating miners, OXBTC is by far one of the most trusted, legitimate cloud mining company on the market.
2. Fast Payments
Once you withdraw your earnings, the BTC will be transferred into your wallet instantly when you withdraw.
1. Transacrtion fee per withdrawal
Although your earnings can be withdrawn 24 / 7, you have to pay a fee of 0.0001 BTC/0.001 LTC for each transaction. Not just that, only litecoins or bitcoins will be accepted for all payments.
2. Low earning potential
If you are looking to earn money quick, OXBTC would perhaps be a great choice for you. However, cloud mining has already become an extremely competitive industry due to the growing number of mining pools and miners, plus the daily expected profit for most contracts are merely one dollar, meaning that you simply cannot earn considerable income with cloud mining anymore.
Who is OXBTC for?
OXBTC is for ANYONE who wants to earn an extra income online with bitcoin without investing tons of money on mining equipment.
But if you are looking for a legitimate way to earn a full-time income online from home, cloud mining is NOT WORTH YOUR TIME and for this reason, you may want to start affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing is the process of earning commissions by promoting other peoples’ products. When someone makes a purchase via your affiliate link, you earn a certain percentage of profit for the sale.
Here’s a simple diagram simplifying the 4-step process:
As you may know, affiliate marketing is one of the most prevalence business out there mainly because of it’s ability to generate passive income. In fact, once your website get ranked on social media like Google, it will start driving sales and generating significant revenue while you sleep.
Not just that, there are only 2 components required for you to get started:
1. Internet access
2. A free website
If you’re new to online marketing, make sure to check out this post to learn how to create your very first website FOR FREE.
Or you can simply type in a domain name below and build your free website here…
Having said that, if you’re still looking for an INSTANT REWARD from your efforts, affiliate marketing may not be the best choice for you because the time and effort you put forth now, normally pays off MONTHS from now.
If you’re learning affiliate marketing just because you think it can help you to get rich quick, you’re just going to set yourself up for disappointment.
OXBTC at a Glance
Product Name: OXBTC
Price: Free to Join
Overall Rank: 40 out of 100
Is OXBTC a Scam?
No, OXBTC is a trusted cloud mining company that can help you earn bitcoin from home without managing your own mining equipment. But considering the degree of earning potential, it is definitely not the best way to earn money online so I would not recommend you to try it out.
Therefore, if you’re really looking for the best way to earn money online with only a little risk, my advice is to start an affiliate marketing business.
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