Cexhash (cexhash.com) claims to be an ultimate crypto currency mining solution which uses some of the best pools to ensure quick on time payments. The amount of returns solely depends upon the hash power purchased and contract period along with the price of the cryptocurrencies.
This website has been active for around 6 months as of writing this review. At a glance this website looks simple and straightforward but don’t be fooled by that. When we took a closer look at this service, we were convinced that it is just a HYIP scam.
Read our full review which will help you find out why you should never send your money to this fraudulent firm.
Company and Contact Details
Though we went through all the information put up on this website, there isn’t a detail which helps us to trace the identity of the creators behind them. In general the lack of transparency in any sort of online investment is most likely to be a fraud. Simply put you are sending your money to a complete stranger.
Cexhash in a certain way represents an ICO. Firms which raise money from general public for any sort of investing purposes has to be regulated by law. Since there is no registration or incorporation details of this firm available, we strongly believe they are operating illegally.
If you face any kind of problem then guess what? There is absolutely nothing you can do about it as there is no support team to assist you or address your problems.
There is a contact form provided on their website but even if you try to reach them through that, the response time is just intolerable, not to mention dozens of complaints about how they ignore your emails if you ask them questions frequently.
Once you send your money, these scam artists do not bother to provide any type of assistance. Legitimate companies will never operate in such an unethical manner.
How does Cexhash Work?
Cexhash is a cloud mining service which provides individuals who do not know much about the technicalities involved in setting up a rig a chance to mine crypto currencies efficiently. The investors just have to enter the hash power they are willing to buy and according to the input mining contracts are displayed.
The investors can also monitor their daily mining earnings via any device which has an active internet connection.
What kind of profits can you expect to make with Cexhash?
Mining as you knew before is no longer a profitable activity unless you have a very strategic plan. The margin of profits have declined significantly over and you have to constantly look after the wear and tear of the machinery along with keeping a nice ventilation system.
This firm claims to be active in a few pools namely F2Pool, AntPool, BTCChina and BW.com.
According to the profit calculator provided on this website if you are buying 4730 GH/s then you can earn
Daily – $0.45
Per Month – $13.51
Per Year – $162.12
For 2 Years – $324.24
If you crosscheck with other bitcoin profitability calculator then you can easily see the difference between the profit rate. With 4730 Gh/s it is impossible to break even in the first year which clearly proves that their calculator is also faulty.
Deposit and Withdrawal
The deposit and withdrawal methods accepted by this platform areBitcoin, Litecoin, Ethereum and other altcoins.
Before you make a deposit remember that it is impossible to track or reverse transactions when using cryptocurrencies.
According to whois.com this domain was registered on 02/01/2018 and expires on 02/01/2019.
The stats of this website is quite impressive for a HYIP category. This site ranks 15,826 and has a global rank of 149,004 according to alexa.com
The majority of users coming to this website are from Brazil, Spain, Belgium, United States and Portugal.
There are a lot of complaints against this firm on many forums such as Beermoneyforum.com. Here what some of the actual users are saying about them:
no CEXHASH is not paying,
i tried to contact them 1 month ago , and haven’t had an answer
this is a SCAM
If you ever see a positive comment on forums, do not trust them blindly. Please ensure that the company you are indulging with is registered and authorized.
Is Cexhash a scam?
The amount of misinformation on this website combined with a faulty calculators which gives a wrong impression of profits are the main reasons why we are debunking this scam.
Cexhash Review Conclusion
Cexhash is a HYIP website which is illegal in most of the countries. They will eventually run away with all your funds.
If you were scammed by Cexhash.com, Please let us know your opinion and feedback by Commenting below.
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