We decided to write a HouseHash Review just After hearing about the launch of the company a few days ago, I decided to investigate the system to find out if it is legit or a scam. I found out some disturbing things that should discourage anyone from investing in the system. Perhaps, you have also seen or heard about it, and you probably think the claims are very attractive. If you’re considering investing in this system, I’ll advise that you read this honest HouseHash review before you take any step.
It is becoming quite common to see new cryptocurrency mining systems introduced every day. The online trading market is becoming very saturated, with more people turning to bitcoins and other cryptocurrencies as the new way to financial freedom. Unfortunately, scammers have also taken advantage of this proliferation. While there are several legitimate mining systems out there, some of them are outright scams. So stick with me as I tell you everything you need to know about the HouseHash scam platform.
HouseHash Review- Is HouseHash Company A Scam?
HouseHash company is a supposed cryptocurrency cloud mining system. It claims that it has a special software with which it rents mining power. It is what you may also refer to as an Initial Coin Offering (ICO) company that promises unbelievable returns on investments. What this means is that you invest your money and them in turn mine cryptocurrencies, especially BTC, on your behalf. HouseHash scam is a High Yield Investment Program (HYIP), which is a major reason to be skeptical.
HouseHash Website claims that it has professionals working together to ensure that you get the best return anywhere on the market. With a promised daily return of about 1.7%, a monthly return of 54% and an annual return up to 637%, we can say the claims are outrageous actually. I am yet to find a legitimate system that offers that many yields. This is what some so-called HYIPs do to attract investors.
What are the HouseHash Investment Plans and products?
As I already stated in this HouseHash review, There is only one HouseHash Investment plan and that is the 1.7% daily return lifetime plan for investors. This is what translates to 54% monthly and 637% yearly.
To look at the products and offerings of HouseHash scam company, we must take some factors into considerations. I will reveal these products through the following offerings;
- Merged Cloud Mining:
This happens when two or more coins have a similar hashing algorithm. The system claims that with this product, you can earn much more profit than solo or claymore’s dual mining. There are claims of higher HouseHash ROI as a result of this product.
- Affiliate Program:
HouseHash bitcoin investment platform also offers a 3-level affiliate program where you can log in and go to the affiliate program section, get a personal affiliate link and share on all platforms. It promises 3.5% earning on direct referral and 0.5% for 2nd and 3rd tier users.
- Passive Profit:
Here, the system claims you can just keep earning profits and have them paid to your personal wallet consistently and without charges. Our HouseHash review find nothing profitable about this program.
HouseHash Company- A Brief!
HouseHash scam company is the owner of the website, hosted on HouseHash.com. It operates as a cloud mining system, where you can invest your money and expect returns. There is no mention, however, of the individual(s) behind this HouseHash cryptocurrency platform. This is usually a common feature to identify systems that have a lot to hide. If you’re expected to invest your money in any system, it is only right that you know the person running it.
This means that it is a faceless system and this is a major red flag we need to discuss in this HouseHash review. There is not much information about the company too or where it is located. There is also no phone number. All you will find is an email address and a community for users interaction. Transparency is a key factor in the online trading market. If the system hides information, then something is wrong somewhere.
Does HouseHash website really Pay?
I will be fair in answering this question. Regarding the high yield HouseHash scam company returns, I can categorically tell you that it does NOT pay such profits. However, there is usually a teaser for such platforms. Personally, I do not think it pays at all. I believe the system is just out to steal your money. It is more like a Ponzi scheme, and even if you get a profit after the first investment, it will not be as promised and you will probably not get another payment.
This HouseHash review suspect that HouseHash BTC pays some little returns the first few times to keep investors coming and to encourage them to invest more money. Then all of sudden, it will fizzle out like some other scam software we have seen in the past.
Withdrawals on HouseHash scam website can be done every day according to information on the website. It also states that it can make payments to your Paypal account. The minimum withdrawal is US$80, and the system does not charge any commission on withdrawals, except for the 5% charged by Paypal.
Why HouseHash is a SCAM!
First and foremost, when a system claims that it does what it cannot do, it raises a lot of suspicions. The claims of 1.7% returns daily is a blatant lie and cannot be achieved. Also, the HouseHash investment system is not regulated by any of the authorized bodies. If it claims it operates in the United States, then it is doing so illegitimately. It is not registered nor licensed by the Federal Trade Commission (FTC) or the Financial Conduct Authority (FCA).
It will be a major error for you to invest in a platform that is not regulated. It means that it is a rogue system and cannot be held accountable by regulatory bodies. All of these factors, coupled with the fact that it has no known owner or creator is why I am convinced that HouseHash company is a SCAM!
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Conclusion- HouseHash Bitcoin mining company is a Scam!
This HouseHash review has been able to reveal all the details that you require before you make any move. You can see for yourself that it is not a trusted cryptocurrency mining platform and should be avoided totally. There are actually several legitimate cloud mining systems out there with which you can earn good money. Unfortunately, HouseHash scam company has not been able to prove that it is one of them.