Hashing24 is a Bitcoin mining service that has endured large scale scrutiny due to ominous and questionable business practices. Found at Hashing24.com, this site was allegedly created by professionals for individuals who want to get involved with Bitcoin mining. Further asserting the falsehood of how they have been in operation since 2012, we will unravel all the deceptive lies behind this crooked Bitcoin mining operation and why, through provided evidence, you should avoid this mining service at all costs.
What is Hashing24?
Hashing24 is an online Bitcoin mining service, which for a fixed fee payment, will allow you create an account and have bitcoins autonomously mined on your behalf. Compared to most other cryptocurrency mining service providers we have come across, Hashing 24 does not offer short-term contracts but rather accentuates on providing a quality service for their investors.
A rather enticing mission statement, if truth be told, which, undoubtedly, is meant to target novice cryptocurrency investors into believing that they were fortunate enough to come across such an opportunity, claiming that for a small membership fee coupled with a minor deposit of your hard-earned bitcoins will in turn yield high daily returns for you the rest of your long-lived life.
Naturally, it is difficult to say no to such an appealing offer, which is perhaps the very reason why this service has received such enmity from investors. Those who have mistakenly invested with this deceitful mining service have beyond rallied and have voiced their negative experiences across a wide number of reputable forums. Yet all their cries of warning and help still don’t seem to deter a vast demographic of the population from avoiding this fraudulent mining operation.
Which leads us coincidentally to this Hashing24 review, where hopefully by exposing misleading market tactics and shining a light on those whose feedback should hold more value, we can finally have this illicit operation eradicated from existence. Among the first minor yet questionable red flag we unearthed would be how on the site they claim to have been in operation since 2012, yet a domain search will reveal that this site was actually created April 29th, 2016.
How does Hashing 24 Work?
Hashing24.com operates in a manner expectant among most other Bitcoin mining operations. Potential investors are first required to register an account through the site where they will then be prompted to determine which hashing power plan they would like to get started with. Investors then have the ability to choose between two separate plans. Among the first plan would be an original 36-month plan that is currently showing a status of “Sold Out.” Consequently investors are then only reduced to pre-order the alternative hashing plan which doesn’t begin until January 15th, 2018.
Whether or not this is a temporary setback we are uncertain, however, we wouldn’t put it past these creators to only offer an option that doesn’t breed into existence in the hopes that people will pre-order.
The third step to the sign up process will then require investors to further deposit their bitcoins in order to secure a secondary contract which will cover their expected daily ROI and provide them with more information of what they can expect with this service. The order will then get sent to BitFury, which allegedly is a mining data center headquartered out of Europe.
The last two steps of the sign up process are relatively straightforward, and are fulfilled by the autonomous mining process that begins with the clients’ desired contract, then completed when the clients receive their daily newly mined bitcoins. Now, it should be noted that BitFury, a known associate of Hashing 24, has one malicious reputation as a Bitcoin mining scam that should be avoided. A simple search query of “BitFury scam” will reveal this truth on nearly any search engine.
Hashing 24 Community Feedback
There is a stifling amount of negative feedback regarding users experience with the Hashing 24 mining service. Among the most incriminating feedback we found came from BitcoinTalk where the evidence provided throughout the forum paints a vivid image of just how deceptive and misleading of a business venture that Hashing24 truly is.
In addition, a review on Kipicommunity takes BitcoinTalks finding one step further by highlighting both hashing24.com and BitFury as untrustworthy and goes on to mention, “Hashing24 has not done enough to prove that its business is legitimate…strongly suggest that Hashing24 is a scam.”
Hashing24.com had a SimilarWeb global rank of 47,925 as of November 22nd, 2017, which indicates that this site receives a good quantity of traffic. The majority of the visitors who visit the site reside within Russia (14.83%), Hong Kong (6.82%), the United States (6.32%), Ukraine (5.84%) and Italy (4.21%).
Hashing24 Review Conclusion
Through the misleading characteristics found on the site, the close affiliation with the notorious BitFury operation and the community chatter, we are left no other option but to advice investors to avoid this dangerous Bitcoin mining operation. Perhaps at one time this was a legitimate Bitcoin mining service, but it has been obvious that through the past year this sites standards and operational model as strongly declined and is spiraling out of control. Do yourself a monumental service by avoiding Hashing24 and BitFury.
Review Verdict: Hashing24 is a SCAM!
Blacklisted Site: Hashing24.com & BitFury.com
Have you fallen victim to Hashing24 or BitFury? Please share your experience by leaving your feedback below!