This post will review HashFactor.net, a platform that deals in online bitcoin mining.
Here we will discuss HashFactor in detail followed by the conclusion of whether it is a legit or scam platform.
What is HashFactor.net?
HashFactor.net is an online platform where users can mine Bitcoin for free and withdraw it into BTC or transfer it for a cryptocurrency of their choice at any time.
According to SimilarWeb Statistics, HashFactor.net has 155.9K visits from Russia, Ukraine, Indonesia, Brazil, and Pakistan.
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Website Profile
| Website | HashFactor.net |
| Name | HashFactor |
| Product | Bitcoin Cloud Mining |
| Registration Date | 25th June 2024 |
| Address | HashFactor Limited, 55, Holland Road, W14 8HL, London United Kingdom |
| Contact | [email protected] |
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HashFactor.net Review
After thoroughly checking HasFactor.net, we found a few red flags to be considered before investing your dime in this website.
1. Negative & Fake Positive Reviews
One of the top review sites TrustPilot has many negative reviews of customers complaining that their accounts are blocked after a few days of investing their money.
There are multiple reviews about the company on TrustPilot that are fake positive reviews. Most of the positive reviews are invited and are submitted on the same day.
2. Pyramid Scheme
The affiliate program by this platform is a pyramid scheme.
The money they are claiming to provide through crypto mining is nothing but money circulated in affiliates’ networks.
When a new member is added, the existing one gets commissions and has nothing to do with crypto mining.
3. Operators Hidden
While the website has mentioned the founder and location of the company. There is no information about their founder Thomas Oliver on the internet.
The domain of the website is registered in Hong Kong, whereas the company is registered in the UK.
4. Pay-to-play Scheme
The website promotes a pay-to-play scheme on its home page where users have to pay more to earn more. Meaning that users will invest more money but it is uncertain that they’ll earn more accordingly.
There is no guarantee that you’ll earn more money by paying because the company can collapse anytime and the money you invested is gone forever.
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Is HashFactor.net Legit?
No, HashFactor.net is not a legitimate platform for investing in cryptocurrency, as per the above-highlighted red flags.
It is a fake website with dubious management information and fake positive reviews as well as more consumer complaints.
Therefore, we advise searching for legitimate alternative options that offer returns and investing chances.
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