Menu Review: Hash Byte is a Dangerous Scam

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Hashbyte Review Update: Another platform that is a scam and still active claims no deposit required until you want  to withdraw

NB: You need to invest in genuine cloud mining solutions providers.

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About Hashbyte, which claims to be a genuine Crypto currency cloud mining operation which utilizes renewable energy sources must be avoided at all cost. Hash Byte was launched in May 2018, and the domain has been up to no good. The operations of this site simply cannot be trusted. That is why they are telling their audience that they are an environmentally friendly Crypto currency cloud mining site. This is to make people who want to mine comfortable when they know that their mining activities are not negatively impacting the environment. Basically, Hashbyte targets people who have an affinity for conserving the environment.

However, when you decided to invest in this service, what you see is not what you will get. In fact, you will get disappointments. Up to now, there has not been any conclusive evidence to suggest that this operation relies on a green type of energy to cloud mine Bitcoins. In fact, there is zero evidence that they are mining Crypto currencies, let alone using green energy to do so.

Note: when you want to mine Crypto currencies, your best bet is to use companies that have been in this business for a long time. Click the link we just gave you to explore the available options.

Hashbyte Review

The sales page tells us that their data centers are situated in Sweden and in Estonia. Again, these claims are hard to verify because the site does not look authentic. It is hard to tell whether this site really owns any mining hardware to start with. According to the sales page, the minimum that is required to invest in this Crypto currency operation is $150. This is supposed to give you 3000 GH/s of hash power for mining Bitcoins.

HashByte review

The platform is also allegedly mining major Crypto currencies such as Bitcoin, Ethereum, Litecoin and many more. The site claims that they are planning to expand the number of Crypto currencies that can be mined. This is supposed to come at a later date.

Who is the owner of Hash Byte?

The site Hash Byte was created and registered anonymously and the reason is quite obvious. They want to conceal information to make it harder for you to find out who owns the service. So in short, the site does not disclose ownership information, and they are not willing to disclose anything with regards to the identity of the ownership or company background.

Their terms and conditions page does not state the ownership details of the site. In addition to this, the company is not accepting any liability that will come with the losses that arise out of investing in their alleged Crypto currency cloud mining services.

The site only provides a contact email address, although this does not give us any useful insights into who owns the site. The contact email can only be used to reach out to the anonymous owner on the other side. If you interrogate them, you may stop receiving a response because most scams simply do not want to reveal who is behind them. This is a good example of those scams that do not wish to reveal ownership details.

The site appears to maintain a Twitter and Instagram account. But these social media accounts suffer from poor social engagement, plus they don’t give us insights when it comes to answering the question of whether or not Hash Byte is a reliable Crypto currency cloud mining operation.

How exactly does the site works?

We must accept the mediocre explanation which this site is giving with regards to how they supposedly mine Crypto currencies. The explanation is that they have data centers which are utilizing both solar and wind energy to generate energy which is then used to mine the coins.

Their platform is allegedly interested in reducing carbon emissions while increasing profits for their investors. So they made sure that they had invested in equipment that would enable them to reach that goal while opening their doors to anyone who is 18 years and above.

There are 4 different investment packages for investors who wish to join the site. These will cost between $150 to $499. The deposit which you make must match the requirements of the package you want to invest in. Deposits are only made in Crypto currencies. But this site is still suspicious based on a number of things we have seen. These are in addition to their anonymity which the site insists on maintaining.

Unrealistic profits

The site does not promise any returns. However, there is something that suggests that returns from this site may be higher than normal, which makes those ROIs impossible to sustain given that this is the world of Crypto currencies mining, and a site like Hash Byte may not afford to issue such payments.

You see, Hashbyte has integrated a Crypto currency mining calculator to help us see what ROIs we can earn from their platform. When we use that calculator, we see that returns are abnormal and unrealistic, which means that the site is not issuing any payouts in the first place.

Lacks transparency

This site simply lacks what makes professional Crypto currency cloud mining operations legit. They do not want to practice any form of transparency with regards to issuing information that will go along way to making the public trust them. The public actually does not trust Hashbyte due to their inability to provide information that can be verified as true.

Our best advice for you

We still maintain our stand in this review. Hashbyte must be avoided at all cost because they are presenting nothing attractive to the table. The initial impression is that the site will take your money and eventually disappear as time goes by. That is how most of them have done. We have reviewed most of them here and as you can see, these cannot be trusted. So the best thing you can do is to avoid a site with too many red flags. Hashbyte has too many of them so far. Beware of that.

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