Banyan Review (archive)

// Review

by the bestcloudmining editorial desk · review version 1 · prose updated 2026-09-24 · facts as of 2026-09-24 · how we verify

Overview

Banyan is no longer operating - as of 2026-09-24 the service is gone. This page stays up as an archive and a warning.

What you can rent

Was Filecoin-backed storage for apps You do not own the underlying hardware unless the provider explicitly says otherwise - with a contract you hold a claim on hashrate or compute for a term, not an asset you can resell.

Contract & terms

Minimum purchase: not documented. Contract term: not documented. Maintenance/fee: not documented. Payouts: not documented. Site returns 404 'Site Not Found | Framer' (2026-09-24). Where a term is not documented, assume it can change and get it in writing before paying.

Proof & verifiability

Proof of hashrate/compute is not documented. A vendor claim is not proof: check for a payout address, a pool worker you can watch, or a hardware attestation before trusting a large contract.

Reliability & history

Medium-high (consistent 404 on live + Wayback) Noted concerns: . Facts not fully verified (reported) as of 2026-09-24 - start with the smallest possible purchase and test a payout before scaling up.

Pricing

Documented pricing: not documented - see the provider site. Payment methods not documented. KYC: unknown. Compare prices only in the same unit - a per-TH/s-day figure and a per-GPU-hour figure are not the same product.

Verdict

Banyan is not operating - do not sign up. Working alternatives are in our comparison table.

// Is Banyan legit?

Short answer: Based on our checks as of 2026-09-24: Banyan scores 3.9/10 in our weighted review. We logged no red flags. Facts are reported, not fully verified - test with a small purchase and a withdrawal first. User reports and operator background are documented with dated sources in the meta-review below.

Status	dead
Operator	Banyan; entity unverified
Founded	2022
Proof	not documented
KYC	not documented

Red flags

No red flags logged as of 2026-09-24.

What "legit" does not mean

A real, operating provider can still lose you money: with a contract you own no hardware, revenue follows coin price and difficulty, and most published contracts are priced so the seller comes out ahead. "Legit" means the operator exists and pays what its terms promise - not that the deal is profitable. Sources are listed under sources.

// Alternatives to Banyan

Same category, scored on the same criteria - so the comparison stays honest. Compare only in the same unit, and read the minimum, KYC and proof columns before switching.

// Banyan FAQ

What do I actually get from Banyan?

A rental of hashrate or compute. You do not own the hardware unless stated - the contract is the asset.

What is the total cost including fees?

Documented pricing: not documented - see the provider site. Fees: not documented - factor maintenance into any comparison.

Is there a minimum or a trial?

No minimum is documented - confirm with the provider.

How do payouts work?

Payout schedule is not documented.

Is it legit and verifiable?

Proof of hashrate/compute is not documented.

What happens if it shuts down?

In a contract you own no hardware, so if the operator disappears the contract is likely worthless - the pattern behind several documented collapses in our Scam Watch.

Should I use Banyan or just buy the coin or hardware?

If you cannot verify a payout and a clear term, buying the coin or owning a miner leaves you in control - run the numbers with our mining calculator first.