Elder Hash Scam Review: Robbers Cannot Mine BTC

Elder Hash Scam Review: Robbers Cannot Mine BTC

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You are reading this review because your conscience is loud and clear of the fact that Elder Hash is a dirty cloud mining scam. We want you to open the site once more. You will see two statements that are often treated the hallmark of Bitcoin cloud mining scams.

First, you will see that Elder Hash is giving away 150GH/s of free hashing power, and two, they are promising 14% daily returns. Up to that point, you do not need to go any further to notice that something is not right. You should close that web page immediately and run with your money.

This website is a dead give away of the things they intend to do with your Bitcoins. There are all manner of accusations flying around on the internet concerning them. Unfortunately, not one of their agents or representatives have come out to defend the company against these accusations.

What do we learn from this arrogance? We learn that Elder Hash is operated by scammers, and that it is just a question of time before the whole thing will end up on its knees.

Unfortunately, several guys will have lost a significant amount of money through their hands. It is not going to end well for the victims.

For that reason, we have decided to review Elder Hash platform here as a warning. This assessment took a number of findings into consideration. Now we are 100% certain that this is a clever scamming business.

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If you want to know more, read this review till the end because we will be discussing each one of the factors that make Elder Hash painfully obvious of the fact that they are fraudulent in their dealings.

Note: You can only make money with these altcoins mining companies.

Elder Hash Review

When you first open this website, you will see a self-proclaimed statement claiming that Elder Hash platform is the number 1 Bitcoin mining website on the internet and that it is set to dominate the industry with this status.

The next thing you will see is that they are offering free 150GH/s for just signing up. No one can give you any amount of free hashing power for doing nothing apart from signing up. Legitimate cloud mining services don’t give out free hashing power because it’s too expensive. They can’t afford it. Only scams can claim to give free hashing power, which in reality, is not true.

Under their ”what we offer” section of the site, they claim that their service was designed to be unique and easy to get started with.

Signing up to get started is allegedly as easy as A, B, C. They also claim to have bespoke billing system which facilitates quick and efficient payment. You can allegedly start mining with them in minutes since their operators are always working behind the curtains to set up mining equipment and pools for their customers.

elderhash review

Once you follow the prompts on the screen, you can sit back, relax and collect your profits after 24 hours. Cashing out is allegedly fast and easy.

Minimum BTC that is required to get started is 0.0015 while Maximum amount is 15 BTC. And there is also a referral program where members are supposed to be paid 10% commission from every new deposit that comes under their referral link.

So far, everything looks good but suspicious. Daily profits of up to 14% is not possible in any field, let alone the field of Bitcoin mining in the cloud.

This is the first giveaway that confirms that not only is Elder Hash a ponzi scheme, but it is also a deadly scam. To find out more about the thieving program, we went undercover to discover the corporate details behind this company, thanks to their company house records.

Company details

Indeed the fraudulent company is registered in the UK under ref number 11162554. There seems to be only one person that is associated with this company. As per the records, this person is called Grant Robert who is the director of this company.

This person was born in 1996. He is a resident of UK. He was appointed to hold this position in January 22, 2018. The associated physical address of this company is 50 Broadway, London, United Kingdom, SW1H 0BL.

But notice that the company Elder Hash Ltd is registered under IT consultancy services category, meaning that the registrar of companies in the UK does not know the fact that Elder Hash Ltd is a cloud mining scam and not an IT consultancy service.

So, why did these crooks lie? It’s quite obvious. If they did not lie, it would have been literally impossible to register this company in the UK because the process would require them to seek licensing from the FCA as well. That is a process that scammers are not ready to face.

Therefore, this is the biggest fraud ever. While authorities are looking away, the anonymous owners of Elder Hash Ltd are stealing Bitcoins on the internet.

Who are the owners?

You can imagine how mysterious these guys are. Some time ago, this company attempted to list down a man called ”Lewis Wright” as the CEO of the company. It turns out that Lewis Wright is a stock photo Getty Images. If you search the name ”Martin Barraud”, you will find him.

At this point in time, no one wants to deal with a company whose CEO is a getty image. This is the biggest fraud in the history of cloud mining.

Daily Returns

You still want more reasons as to why Elder Hash is a scam. Consider the fact that 14% daily returns, if compounded, will easily add to over 5000% a month. Now, with a little bit of common sense, you will see that this is 50X the money which you’re willing to invest. The question is, if someone can make over 50X the capital which they have invested in a month, why would they need other people to join their program?

Or let’s say you have invested $50 with Elder Hash. It would take you a couple of months to become a millionaire.

The point is, this nonsense does not add up. It is too good to be true. It points to the fact that Elder Hash is a scam.

Customer feedback

Just in case you do not believe that this website can be a deadly scam, how about doing your own research on forums like Reddit and even their own Facebook page to discover for yourself?

By the way, their Facebook page is filled with all kinds of complaints. People have been literally robbed by this company, and they are now complaining on that Facebook page.

Others are simply mocking them for what they are. They deserve to be mocked anyway since what they are offering is just too good to be true. No one can believe them at all.

Our best advice for you

A Bitcoin mining platform that is headed by anonymous people is clearly something you should stay away from. Furthermore, we are not about to ignore complaints that consumers have brought against this company.

It’s therefore crystal clear that these guys are after stealing your Bitcoins. They used a pathetic approach to stealing. They’ve ruined their reputation. They’ve made it literally impossible for people to believe their BS. You should stay away.

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