Canaan Mining fails to supply possession or govt data on its web site.
Canaan Mining operates from two identified web site domains:
- canmining.com – registered with bogus particulars on March twentieth, 2025
- canmining.cc – registered with bogus particulars on March twenty sixth, 2025
Each of Canaan Mining’s area have been registered by way of the Chinese language registrar Alibaba (Singapore).
As all the time, if an MLM firm is just not overtly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Canaan Mining’s Merchandise
Canaan Mining has no retailable services or products.
Associates are solely in a position to market Canaan Mining affiliate membership itself.
Canaan Mining’s Compensation Plan
Canaan Mining associates make investments tether (USDT). That is performed on the promise of marketed returns:
- Miner A1246 – make investments 10 to 69 USDT and obtain 18% a day
- Miner A1466 – make investments 70 to 399 USDT and obtain 20% a day
- Miner A15XP – make investments 400 to 999 USDT and obtain 22% a day
- Miner A15Pro – make investments 1000 to 4999 USDT and obtain 24% a day
- Air Cooling Mining Field – make investments 5000 to twenty,000 USDT and obtain 26% a day
Canaan Mining pays referral commissions on invested USDT down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 8%
- stage 2 – 3%
- stage 3 – 1%
Becoming a member of Canaan Mining
Canaan Mining affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal 10 USDT funding.
Canaan Mining Conclusion
Canaan Mining is yet one more “click on a button” app Ponzi scheme.
Canaan Mining misappropriates the identify and branding of Canaan, a Singaporean primarily based crypto {hardware} producer.
Evidently Canaan Mining has nothing to do with Canaan in Singapore.
Canaan Mining’s Ponzi ruse ties into purported cloud crypto mining. This sees Canaan Mining traders log in each day to “click on a button”, which purportedly initiates cloud crypto mining.
Clicking the button each day qualifies Canaan Mining traders to obtain marketed each day returns.
If that is mindless it’s as a result of it doesn’t. Logging right into a random app and clicking a button doesn’t generate income, by way of crypto mining or in any other case.
In actuality clicking a button inside Canaan Mining’s app does nothing. There isn’t a exterior income; all Canaan Mining does is recycle newly invested funds to pay earlier traders.
Canaan Mining is a part of a bunch of “click on a button” app Ponzis that emerged in late 2021.
Examples of already collapsed “click on a button” app Ponzis utilizing the stolen id ruse are Pantera Capital VIP, Lufthansa MVP and Toyota WRC.
Since 2021 BehindMLM has documented lots of of “click on a button” app Ponzis. Most of them final just a few weeks to some months earlier than collapsing.
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving the vast majority of traders with a loss (inevitable Ponzi math).
As a part of a collapse, “click on a button” Ponzi scammers usually provoke restoration scams. This sees the scammers demand traders pay a payment to entry funds and/or re allow withdrawals.
If any funds are made withdrawals stay disabled or the scammers stop communication.
Organized crime pursuits from China function rip-off factories behind “click on a button” Ponzis from south-east Asian nations.
In September 2024, the US Division of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese language human trafficking rip-off factories.
Trafficked victims report they have been compelled to rip-off underneath menace of violence and having their organs harvested.
By numerous corporations he owns, Phat is alleged to shelter Chinese language scammers working out of Cambodia.
Myanmar claims to have deported over 50,000 Chinese language rip-off manufacturing facility scammers since October 2023. With “click on a button” app scams persevering with to function on BehindMLM although, it’s clearly not sufficient.
In late January 2025, Chinese language ministry representatives visited Thailand. The said intention of the go to was to sort out organized Chinese language crime gangs working from Myanmar.
In early February 2025, Thailand introduced it had minimize energy, web entry and petrol provides to Chinese language rip-off factories working throughout its border with Myanmar.
As of February twentieth, Thai and Chinese language authorities declare ten thousand trafficked hostages had been free of Myanmar compounds.
Additionally on February twentieth, 5 Chinese language crime bosses have been nabbed in a wider raid of 4 hundred and fifty arrests within the Philippines.
On March nineteenth it was reported that, regardless of the current raids and arrests, “as much as 100,000 individuals” are nonetheless working in Chinese language Myanmar rip-off factories.
As of April 2025 and in response to a crackdown throughout Asia, newly opened Chinese language rip-off factories have been reported in Nigeria, Angola and Brazil.
No matter which nation they function from, finally the identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.