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.
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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.
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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.”
Popularity
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
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This is a win-loose situation. Even if hashing costs more than the maintenance fee,they continue to charge you instead of not mining at all. Mover, if you don’t pay the difference within 72 hours (3 days), they terminate the contract. I received this mail:
“Dear Client,
We are sorry to inform you that, unfortunately, your contracts were automatically stopped and terminated due to unpaid maintenance fees during 72 hours.”
I am sure they are very sorry.
I don’t have this terminator behavior with genesis-hive.
Moreover, most positive posts about hashing24 are accompanied by a discount voucher which benefits the poster. Which of course is close to scam advertising.
Fucking piece of shit company, scammers who share all risks with clients to safe their ass, unworthy piece of crap of a company
They just terminated my contracts after eating my balance the same day they send me the notice! NO 72 HOURS DELAY, so Hashing24 is a SCAM! When confronted they only refer to terms and conditions, but truth of te matter is they pay ‘profit’ first, then less and less until contracts lose money and send you the notice WAY TOO LATE. Smells like PONZI scheme! Better buy just your own second hand btc in your own wallet!
Scam. Hope fbi will trace the owner of this site and put them in jail.
these guys are sharks you will get payouts for 8months or so, then they stop. Im using genesis and now my own miner running off solar. I do not recommend these guys. You are better off just buying the coins
I invested (0.05 BTC = 700mh) then after a year I earned 0.015 btc so meaning I still need 2 more years to get even with my investment. when i started hashing 24mining i was earning 14 dollars a month but today i am only earning 2.4 dollars a month OMG please please please do do the same mistake I did never invest in this cloud mining, it is better if you will mine on your own.
Well, mining fees have dramatically fallen. In January you had to pay $30 for a ฿ transfer, now they charge $3. Why do you hope in getting profit from that?
This is the most mismanged mining company I had ever seen. Also, stay away from Freewallet. They lost my Zcash and Litecoin accounts.
i bought 200GH/s in hashing24.com. As per their calculator it was supposed to mine at the rate of 0.00001191 BTC per day with the current difficulty. but actual mining BTC is very less. Actually it is less than the BTC required to pay their daily maintenance fee. I think my money is totally gone. Even with the calculator rate of BTC mining it would take 55 months with current complexity. as the complexity increases very frequently it might take more than 5 years to get my money back if they didn’t take all my money as maintenance fee. Don’t buy any hash power from hashing24.com. They would mine BTC for them with your money.
I bought a 1TH contract as a pre order of the 15 Jan 2018 release. It performed well for a few days but then the daily return has dropped to half of what it was less than 2 months later. It will now take twice as long to get my money back if the returns don’t continue to drop. If I’m lucky I will get back what I spent before the 3 Year contact expires, but I’m not very hopeful .
What are you talking about dudes? The only reason I did not bought more than 2TH/s in August 2016 is because I heard that is scam. They are still paying to this day and I make 6$ per day. They pay withing 24 hours after you confirmed the withdrawal. To check if a miner is scam or legit just check the coins you received. Are they new or they were transferred from place to place? (more than 3 transfers)