Quite a few readers have been getting in touch asking for a dedicated HouseHash review. For those not in the know, this is a very recently launched system that promises very impressive returns for those who choose to invest. Ostensibly, they claim to be able to offer a set 1.7% daily return (637% yearly!) to all clients who use their supposedly patented cryptocurrency mining suite. The problem, of course, is in determining whether or not HouseHash cloud mining is a scam or finally a legitimate and high returning crypto-based service. Our conclusion will be to veer strongly towards not taking anything HouseHash scam company claims at face value. They certainly can talk the talk, but provide next to no proof they will walk the walk. Read on for all the reasons why we cannot recommend this site in its current format.
- 1 HouseHash Review – Is This A Reliable Cloud Mining Company Or A Scam?
- 2 What HouseHash Website Claims To Offer?
- 3 HouseHash Crypto Mining Affiliate Program!
- 4 The HouseHash Investment Plans!
- 5 HouseHash Company. Does It Actually Pay?
- 6 Why HouseHash Is A Scam
- 7 Conclusion – HouseHash Cloud Mining Company Is a Scam. Beware!
HouseHash Review – Is This A Reliable Cloud Mining Company Or A Scam?
If you check out the details on HouseHash website, they claim to be leasing out licenses for ambitious investors to purchase a share in their staggeringly efficient mining program. The actual website is clean, professional and on initial appearances seems to be the real deal. The problems begin when trying to find any actual proof or details about how they can possibly deliver such massive returns.
For those new to the crypto mining scene, it is far from the boom-times of a few years ago. Mining is now incredibly competitive (even after the recent closure of the vast Chinese farms). It requires vast amounts of processing power, as well as a cheap/free electricity source to stand a chance at even covering overheads. So – given that HouseHash scam crypto mining company is a very recent startup, how could they feasibly deliver such staggering returns? Honestly, since we have done some research before writing this HouseHash review, we don’t believe they actually can – at least not without millions of base capital.
What HouseHash Website Claims To Offer?
As outlined during the HouseHash scam website introduction, they’re claiming over 600% annual returns on an initial investment. Rather concerning is that they also promise to apply this massive growth to any additional funds placed in their care. Anyone starting to smell a potential Ponzi scam yet…?
Before delving too deep into assuming this is an outright fraud, let’s take a step back and look at what they use to attract fresh investors. If this is a scam – and as we stated in this HouseHash review, we’re almost certain it is – it is a very smart one. Unlike most, these guys offer clients the opportunity to use the HouseHash free demo. This is supposedly a ‘live’ simulation of how impressively they are able to mine cryptocurrency. Again – it looks like the real deal – but there’s absolutely zero proof that any of it is real!
So where does this leave us? Seeing as whoever is behind this Investment company has clearly put a great amount of effort into building it, would it not stand to reason that the same could be said for their demonstration software? It’s far superior to most of what we’ve seen recently, and also will appeal to the online communities who will be open to investing in cryptos in the first place. Taken at face value it would certainly appear to be the real deal – but after a little more delving we found out plenty more to suggest that HouseHash scam is a glorified Ponzi scam.
HouseHash Crypto Mining Affiliate Program!
This is where things become very murky. Remember that smart and well-presentedHouseHash website we’ve discussed? The problem is that a large amount of the text is presented in very basic English. That’s not necessarily the end of the world, but very rarely a good sign that a site is genuine.
Despite claiming to offer the likes of 24/7 HouseHash customer support and Twitter feeds, they qualify this by explaining that customers should expect a reply to any queries within five hours. For a supposedly cutting-edge tech company that literally makes its money online, that seems a rather long delay. Even more troubling is that they provide absolutely no details about where they are actually based/operating from. To put it simply, the HouseHash website is abnormally secretive.
Heading back to the main focus of this HouseHash review, the possibility that this is actually a Ponzi scam/scheme (depending on your point of view), HouseHash bitcoin mining platform claim to also offer a pretty generous affiliate program. In fact, it is a rather large part of HouseHash scam website and casts serious doubt on whether they are actually involved in any form of an actual mining operation. Yet once more, they use plenty of cutting-edge mining terms that will appeal to the kind of people who are planning to invest in this kind of system. The problem is that we’re near certain they’re just used as bait and have no actual grounding in reality!
Just to make things even more circumspect, there is no evidence that HouseHash scam company is registered. They don’t claim to be, so that’s not exactly a massive compromise, but it leaves investors with zero legal protection should they abscond with your funds. 99% of online financial services that are unregistered are scams. Think about that before choosing to invest in this one.
The HouseHash Investment Plans!
Still toying with taking a long shot and investing with these guys? The good news is that HouseHash scam website will accept a starting balance as low as $10. As mentioned above, they will encourage you constantly to deposit more but that’s a very reasonable amount. There’s no certainty you’ll ever see it again – and even less on turning that ten bucks into nearly seven hundred by next year. However, it is another clear sign that the people who have developed the HouseHash BTC site are looking to spread their wings far and wide – just like any well designed Ponzi…..
As for how they intend to manage your account, the details become very murky. They claim – rightly – that despite promising such enormous HouseHash scam companies returns, there will be days when they cannot match their projections. Such is the nature of the cryptocurrency market. However, while they say that they’ll somehow find a way of covering any losses, once more there are no details or proof provided. Unconvincing would be the polite way of describing this, yet we fear that ‘scam’ may well be more appropriate.
HouseHash Company. Does It Actually Pay?
This is the #1 question that HouseHash Review readers have been asking, and truth be told this site is so young that it’s impossible to say just yet. What we can for sure is that the promised returns are simply implausible – after all, where would they be able to make their profits from? Is it likely they’re turning over something close to 1000% a year to make it worthwhile? Unlikely!
HouseHash scam company claim to offer PayPal withdrawals on all balances over $80, charging no commission/fees. Rather concerning is that they add that balances can be refunded – but only once they have ‘resold’ your stake in the mining hardware. No timelines are offered, or percentages suggested on what the second-hand value will be on this. In our opinion, this is a huge red flag and enough alone to suggest HouseHash is a scam.
Why HouseHash Is A Scam
Our HouseHash review has already discussed many points that pointing fingers towards a dirty scam business. When checking out any mining service it’s important to keep an open mind. There are many legitimate options out there that are run professionally, regulated and reassuring transparent. None of this can be applied to HouseHash mining company. There’s far too much ‘cloaks and daggers’ at work here to make it worth even taking a chance with, especially in such a crowded market. There’s a very small chance that it could be a genuine investment trying to make a name for itself by promising such enormous returns – but that is very unlikely.
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Conclusion – HouseHash Cloud Mining Company Is a Scam. Beware!
So what to make of HouseHash scam? All the evidence suggests towards this being a scam – or at the very worst a deeply flawed program that has very few redeeming qualities. Given the number of cryptocurrency scams currently out there (trading and mining), it has to be considered that this is just another to throw in the trashcan. There’s no evidence whatsoever to support what they claim, just a mass of promises that have zero foundation.
If HouseHash Investment company does become more popular and attract new members, in almost all likelihood it will turn out to be a Ponzi scam. Maybe they’ll choose to pay out to some early investors (the HouseHash affiliate program suggests this may be the case) but in the long run, they’ll just go offline – taking everyone’s money with them. When that’ll be, nobody can really say. Could be with just a few thousand, perhaps it’ll be millions. Either way, this is a far too risky choice for anyone choosing to enter the crypto mining business – Our HouseHash review is a warning you to stay well clear.