Hash Planet at hash-planet.com is a new site that is purportedly offering reliable Bitcoin mining solution. The domain was created in August 2018, although our preliminary investigations can reveal that the domain is owned and operated by someone who also owns multiple cloud mining operations on the web. So this is a good start because we are dealing with someone who has accumulated some experience in running Crypto currency mining operations.
Having said that, we need to discuss this site in an open minded way. We also need to approach it with some caution because it’s still a new site. The site claims that they are providing cheap and reliable Bitcoin mining solution. We do not think that Bitcoin mining is going to be any cheaper in 2018 and beyond. We cant’ figure out how Hash Planet is doing it to provide cheap Bitcoin mining services. By the way, when mining Bitcoins in the cloud, you always get what you pay for. You cannot pay less and expect to reap big.
Therefore, if Hash Planet has discovered a way to provide this service for cheap, they should elaborate further. Otherwise, we won’t believe that Bitcoin mining is any cheaper when we do it in their hands notwithstanding the risks that are at hand when we do business with a site which is quite new in this market place.
In case you want to mine Bitcoins, we are recommending these solutions. Otherwise, keep reading this review for more.
Upon signing up, the site claims that investors will get 175 GH/s of hashpower for free. In addition to this, they claim that there will be no fees or deductions to cater for maintenance. This is quite suspicious, and before you accept these promises, you should ask yourself whether Bitcoin mining is so cheap that it does not attract any fees. The best Crypto currency mining operations attract a maintenance fee. So there is no way this site owner can tell us that they have found a way to mine Bitcoins without charging maintenance fees. Unless they elaborate further, it’s going to be very difficult to believe these claims.
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This would also beg the question of what they stand to gain by providing BTC mining solutions for free? These are some of the questions that we are seeking clarity to. If the owner of Hash Planet comes out from their hiding place to discuss this review here, we will possibly consider adding and adjusting our statements accordingly. As it currently stands, we do not see how mining of Bitcoin can be successful if the site is not demanding any maintenance fees.
They are giving us a UK physical address but the owner is probably based out of Russia. Most of these operations like to seek registration of their companies in the UK. Perhaps there is some advantage to registering a company in the UK rather than in any other place around the world.
We have not yet confirmed the authenticity of this address, and we don’t even know if this is a visiting address. If we are going to take their word for it, it would be based on blind faith. But again, we are not concerned with their physical location provided they are giving us the real service. What we are concerned with is whether they are truly mining and generating returns for their members as claimed on the site.
According to Hash Planet, returns are instant after every 24 hours. They also claim to have invested in AntMiner 39 equipment. They are giving us pictures which purport that they own data centers. This would suggest that mining rigs are up and running.
We’d love to know if Hash Planet really has mining rigs for sure. And if so, we would like to know if they are operational. Finally, if these mining rigs are present and are running, they should be maintained, and this cost money. So we need Hash Planet to tell us how they are managing to maintain these machines when they are charging zero maintenance fees.
To answer the question of whether or not their operations are legit, we need to figure out whether or not the platform has issued payouts since they began operating this business.
According to some stats on the homepage where they claim the site has been in operation for the last 2 days, they claim that Hash Planet attracted over 5000 people. These numbers clearly show that the stats have not been updated for some time. We wonder why the owner has not addressing this problem. Another issue is that it is not possible to register 5000 accounts in just 2 days (maybe it’s just a marketing gimmick to get you to sign up). Unless the owner of the site was heavily marketing their services before the domain was created, we just don’t see a scenario where a newly launched site can have 5000 users in 2 days.
So these questions are quite disturbing, and we need answers. They claim to have paid out 0.002 BTC as at the time of publishing those stats.
The question would be – if the site is truly paying, where is the evidence? Why has it not created a buzz in the Crypto currency mining industry? It would have been very popular by now. But as you can see, the site is still new and it is not appearing in the forums at all.
So, what can we conclude after making these observations?
The best conclusion we can give is that we should probably give them some time to see if any positive feedback will appear. This shouldn’t take long, especially now that they claim to have the numbers. We expect 5000 guys to kick start the conversation around the site since we don’t want to quickly judge and conclude that it’s a scam.
As we wait for further evidence with regards to whether the site is paying or not, you should sign up with these recommended Bitcoin mining sites. We will update this review if we find anything compelling.
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