Hourlyer Review: Bitcoin mining = 52,000% annual ROI?
Hourlyer provide no information on their website about who owns or runs the company.
The Hourlyer website domain (“hourlyer.com”) was privately registered on January 24th, 2018.
Hourlyer claim to be incorporated in the UK and provide an incorporation certificate for “Hourly Limited”.
Hourly Limited was incorporated in the UK on March 14th, 2017. Whether the company actually has anything to do with Hourlyer though is unclear.
In any event UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Hourlyer has no retailable products or services, with affiliates only able to market Hourlyer affiliate membership itself.
The Hourlyer Compensation Plan
Hourlyer affiliates invest funds on the promise of an advertised ROI:
- invest $6 to $3000 and receive a 288% ROI after 72 hours
- invest $8 to $10,000 and receive a 180% ROI after 36 hours
- invest $800 to $100,000 and receive a 240% ROI after 12 hours
- invest $400 to $100,000 and receive a 1000% ROI after 7 days
Hourlyer pay referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Hourlyer cap payable unilevel levels at four, with commissions paid out as a percentage of funds invested across these four levels.
How much an Hourlyer affiliate makes on level 1, funds invested by personally recruited affiliates, is determined by how much they themselves have invested:
- invest $1 to $40 = 3% commission rate
- invest $41 to $100 = 4% commission rate
- invest $101 to $300 = 5% commission rate
- invest $301 or more = 10% commission rate
Referral commission rates across levels two to four of the unilevel team are fixed as follows:
- level 2 – 0.5%
- levels 3 and 4 – 0.2%
Hourlyer affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Hourlyer MLM opportunity requires a minimum $1 investment.
Hourlyer claim to generate external ROI revenue through “cloud bitcoin mining”.
The company cooperates with the largest farms in several countries (United Kingdom, United States of America, German, Japan, and China).
Together, we have formed a large enough network that has high performance and strong potential.
Hourlyer fail to provide any hard evidence of bitcoin mining take place, or any other verifiable source of external ROI revenue.
Furthermore Hourlyer’s business model fails the Ponzi logic test.
If Hourlyer’s anonymous owners were capable of legitimately generating a consistent 1000% ROI every 7 days (that’s 52,000% annually, without compounding), why would they be soliciting investment from randoms over the internet?
The answer is obviously they wouldn’t. Even a tiny capital amount quickly turns into a fortune at 52,000% annually.
The reality of Hourlyer’s business model is that new investment is sole verifiable source of revenue entering the company.
Using newly invested funds to pay affiliates returns of up 1000% makes Hourlyer a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment slows down so too will invested funds.
This will starve Hourlyer of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.