As you will learn throughout our investigative review, Sierra Hash is a curious Bitcoin operation that appears more legitimate than the majority of crypto sites that we review. Promising great service at a low price, who could dispute such desired traits amongst cloud mining operations? Miraculously, SierraHash.com has been able to amass a user following of over 240,000 investors within only 19 days of server up-time, or so they claim on their site.
Regardless of the assertions made on their site, we will swift through the facts but more importantly the misconceptions featured at Sierra Hash. Learn for yourself why this cloud mining operation is more likely to scam investors than your typical Bitcoin doubling scheme and whether or not this is a trustworthy operation to invest with.
What is Sierra Hash?
SierraHash.com is an online cloud mining service tailored towards mining Bitcoin. Featuring a minimalist and straightforward site interface, SierraHash effectively masquerades their operation as the “latest and greatest” cloud mining platform. Uncharacteristically different than competitive cloud mining destinations, Sierra Hash does not provide tier formatted mining packages, but instead a fixed daily hash power return between 10.154% to 16% as long as investors deposit between 0.001 BTC to 25 BTC into their platform.
How does Sierra Hash Work?
Sierra Hash requires visitors to deposit bitcoins into their platform before they are eligible to receive free hashing power generated by this sites mining rigs. According to the site, Sierra Hash has mining rigs running with 99.9% up-time while their data center is allegedly based out of Reykjavik, Iceland. No mention of which mining rigs that Sierra Hash are employing ןד disclosed, so we are unable to verify their alleged active hash power.
To add to the bewilderment of the Sierra Hash operation, the hashing power allegedly outputted by Sierra Hash operates on a remarkably high outage. A deposit of 1 BTC will supposedly allow an investor to receive 409,910 GH/s of hash power while allowing them to yield an annual return of over 37 bitcoins. As indicated in the hash power calculator image above, this operation will allegedly accrue an annual return of over 3,700% when other legitimate mining sites are, on average, reporting annual gains between 25% to 30%.
The Sierra Hash Scam Test
Does the site promise unrealistic returns?
The promised hash power and ROI disclosed at Sierra Hash certainly lie within the confines of being too good to be true. For future reference, if you come across a mining site claiming to generate annual gains over 50% then more likely than not they are a scam operation.
Is there information regarding the owner of the site?
Located on the Support page of Sierra Hash we are provided with the corporate entity and office address of Sierra Hash. A CompaniesHouse report will confirm that the corporate entity Sierra Hash Ltd is indeed an active corporation that can allegedly be visited at they registered office address of 44 Hays Mews, London, United Kingdom, W1J 5QD. Filed under company number 11028303, Sierra Hash Ltd is directed by a British citizen known as Nathan Warner.
How old is the website?
A whois.com search will reveal that SierraHash.com was created on October 21st, 2017. The registrant behind this domain is listed as Nathan Warner, the alleged director behind Sierra Hash Ltd. The listed email address on file is [email protected] while the disclosed telephone number is +44.187537295.
Best Crypto Exchange
Best Brokerage and Auto Trading Robot
Recover Money from Scams
Are any legitimate sites associated with the website?
No authentic sites appear to share an association with the Sierra Hash site. This could partially be contributed to how recently the site was created and how it is not a popular cloud mining destination.
Are they evasively portraying their operational model?
Absolutely! Like most investment schemes that enter the cryptocurrency niche, Sierra Hash is providing as little information as possible regarding their operational equipment, mining methods and data centers. No Bitcoin transactions are featured on the site either which means that there is no verifiable evidence that this operation is even mining bitcoins.
Do they employ promotion over substance?
Yes, just like many related mining platforms we have reviewed the creators behind Sierra Hash seemed determined to rely more upon advertising and promoting their affiliate program than the actual mining process being conducted on their platform. It appears that the sole objective of this site is to draw in as much fresh blood as possible within the shortest duration of time.
How popular is the website?
SierraHash.com possessed an Alexa.com global rank of 24,145 as of December 5th, 2017. The site is mostly popular in India, Russia, Italy, Brazil and Iran. According to the report, over 40% of the sites cumulative traffic originates from the traffic exchange site adbtc.top, where users get paid to browse their site. This creates the illusion that the site is much more popular than it organically is and is certainly the case with Sierra Hash.
Sierra Hash Review Conclusion
Sierra Hash it designed to become the perfect low-profile Ponzi scheme. Throughout the upcoming months to come we expect many investors to have their bitcoins stolen by the Sierra Hash operation. As we have mentioned before, when it comes to cryptocurrency investing, make sure you only deposit into operations that are fully transparent and provide abundant information regarding their crypto hardware.
Review Verdict: Sierra Hash is a SCAM!
Blacklisted Site: SierraHash.com
Have you been searching for legitimate mining operations but aren’t sure where to begin? Feel free to browse our Cryptocurrency Mining Guide to learn about transparent and upfront cloud mining sites currently available.
Please share any thoughts, experiences or feedback you may possess by leaving a comment below.