Hash X Review: The Misleading Scam in Town

Hash X Review: The Misleading Scam in Town

Share This! is an obvious scam Bitcoin cloud mining script which leaves little for your imagination. It is quite obvious that people do actually lose money in the hands of these crooks. You see, there is nothing like free hashing power for mining Bitcoins. Resources(processing power) are scarce. And if they are scarce, nobody in the world is willing to give free hashing power. This is too good to be true because even the most reputable cloud mining companies in this industry have never given free hashing power except for some occasional offers where they reduce their prices temporarily for people to join. Hash X is definitely one website that you should be suspicious about. And there are good reasons why.

Hash X Review

There is very little that is known concerning this cloud miner website. The title of the homepage is ”Bitcoin cloud mining platform, start Bitcoin mining! Earn profit daily without hardware.”

hash x

Well, we can only think of how that statement lacks creativity and confidence. Isn’t that what all Bitcoin mining platforms are supposed to give. It does not suggest that Hash X is any unique.

They are also supposed to mine Bitcoins for you for a lifetime. Initially, when cloud mining was introduced, genuine companies were offering lifetime mining contract, that is, your contract could work for you forever without having to repurchase it after an expiry date. Some of these companies ended up changing this offer, and now they can only offer contracts that expire after a certain duration, usually after one year.

It is not quite easy to find a Bitcoin cloud mining site that is offering lifetime contracts. So Hash X is quite suspicious when they claim that once contracts have been purchased, you will make money forever out of that contract because there is no renewal of contracts. It sounds like a lie.

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The other thing is that Hash X is giving away free 30 GH/s of hashing power for life. They are suggesting that if you join with their ”free mining” account, they will award you with 30 GH/s of free hashing power. Again, this is quite suspicious. As we have said, resources are scarce, and no legit cloud mining company can afford to run such an offer. Assuming thousands of users register for the free hashing power contract, who pays their profits? It has to come from the company, at which point they will make a loss. This is simply not a realistic thing to do. This definitely has to be a scam or something that is likely to result in a big loss.

No mining fees

Hash X claims that they do not charge any mining or maintenance fees. But you see, it is not easy to believe these claims since they are too good to be true. One thing that we should all realize is that mining cannot happen if people won’t pay fees. Who pays the cost of electricity and maintenance of the pool? We need to ask those questions before we can trust these guys.

Apparently, if you ask yourself that question, the answer will be that Hash X is paying the difference. Again, that is a big problem, something that we cannot believe no matter what.

Either way, you should never believe these infamous mining scripts that say they will mine for you and charge zero fees in the process. That is not possible. It is just something you will find on scam Bitcoin mining sites and not legitimate ones. In fact, this can be considered a red flag. If you have reasons why you think this is real, please contact us. But definitely we can assure you that this is not real.

Too huge mining bonuses

Hash X seems to be very generous, and we have to question the motive of this generosity. First of all, the pricing of the various plans is not making sense since the website says that you can get 100 GH/s for $0.14, 15000 GH/s for $0.12 and 100,000 GH/s for $0.10. On top of that, users can get huge bonuses of up to 1000 GH/s.

Again, we see that the pricing model is just too good to be true. It’s cheap and definitely not a reflection of the going rate in the market right now. We have to ask ourselves why these guys are offering hashing power for pennies when hashing power really costs a lot of money. It seems too good to be true. That’s how we see it.

The other suspicious thing has to be the free bonuses which are huge and nonsensical. No genuine cloud mining company can ever give such huge bonuses because they will be making losses.

Because of these red flags, we can only treat Hash X as a suspicious place to mine your Bitcoins. In fact, you should never ever think that this website can generate any revenue for you. It is highly unlikely. We can assure you.

The anonymous cloud mining company

Nothing is known about Hash X website since they are not transparent with their information. The company is 100% anonymous but wants to gain your trust by misleading you with fake free bonuses.

The thing is that even if you signed up for their free cloud mining account, you wouldn’t be able to withdraw your profits. This account was created for purposes of misleading gullible individuals. It is a fake test account that does not let users withdraw their coins. As you can see, people can sign up for free and mine Bitcoins for free. The question is what use is it for if you can’t cash out this money?

Our best advice for you

We need to think twice because Hash X is clearly a potential scam. The script that they are using is very familiar to us. It has been used by hundreds of scams in this industry. We do not know how different Hash X is from the rest of the scams on the internet right now. Now, the best thing you can do is to mine with the companies we pointed above.

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