If you are looking for a legitimate RainHash Review, Here is our complete investigation report about the RainHash.biz. RainHash scam website pretends to offer a staggering 12% minimum daily return on any funds invested with them. That amounts – by their own estimations – to around 9000% every year. Given that like most scams they expect a minimum $250 initial deposit, that’s a seven-figure annual income for literally no effort. So what’s not to like?
We’ll go straight to the point and make it rather clear that RainHash is a scam. This ought to be obvious to anyone interested in trying their luck on the cryptocurrency exchanges. Not only are such earning estimates beyond ludicrous, they provide zero evidence that their program works. No BTC mining syndicate will ever be able to deliver close to what they claim. Instead, they claim to offer a service that quite simply doesn’t exist.
RainHash Review- Is RainHash Crypto Company A Scam?
Credit where due – the crooks who have set up the RainHash website have tried hard to make their site appear legitimate. Pretty much everything you’d expect from a genuine financial service website appears to be in place. They claim to offer immediate 24/7 customer service via an array of options, instant withdrawals, and of course total privacy/security for your details. The actual website is also well designed – which is something of a rarity when compared to most scams.
Official Website: https://rainhash.biz
Quite frankly, It is easy to see how people could be fooled into joining the RainHash scam Investment platform. A nice and clean site without much of the marketing nonsense that tends to expose most scams. Anyone who stumbled across these villains without performing their research would be tempted to take a chance. After all, who wouldn’t like to ‘earn’ potentially hundreds of dollars a day in BTC for the barest of effort?
Ludicrous Earning Potential of RainHash Investment Plans:
OK – time to dismiss these myths through this RainHash review. In the harsh light of day, It’s utterly apparent that RainHash BTC is just trying to defraud on the back of the current crypto-frenzy. Bitcoin fluctuates at astonishing rates. Sometimes it will increase/decrease by hundreds of dollars an hour, let alone days. Given the increasingly popular, smarter, more secure and quite frankly easier to use cryptocurrencies entering the market, BTC isn’t necessarily all that smart an investment anymore. So when RainHash BTC website claims to guarantee such crazy returns it has to raise a massive red flag.
They attempt to get around this glaring flaw in their scam by opting to say that they run some kind of syndicate of coin mining companies. No matter how the actual value of BTC fluctuates, RainHash cloud mining company promises a set percentage return every day. Now let’s think about this. Is there any realistic chance that they actually have the capital to pay out such amounts when BTC takes its frequent plummet in value? Obviously not. Even the mightiest of companies couldn’t assure anything close to what RainHash scam is promising, let alone with such a truculent market.
RainHash Cloud Mining Company. Who Runs It?
Needless to say, We were already pretty cynical about these folks even before writing this RainHash review. Their earnings projections were simply impossible, but then another lie gave us a call for attention. Unlike most scams, they claim to actually be fully regulated. That means not only legal protection for investors funds but actual traceability and accountability for those running RainHash investment platform, their partner companies and what in layman’s terms may as well be called a ‘paper trail’.
The problem is that RainHash scam company claim to be registered in Panama. After a little digging about, it appears that there is indeed a RainHash Cloud Mining Technologies registered there – on paper at least. The problem is that it could – and 99% certainly is – a mere paper title. Panama is famed for not releasing details on which companies are based there. People do not even have to register a real name to be ‘regulated’ let alone provide any more detailed data. So is it likely that some world leading, BTC mining operation would be run from such a location?
What RainHash Website Claims To Offer?
As we discussed earlier in this RainHash review, Like all cunning BTC scams, RainHash scam is designed to offer a tiered system that offers a higher return depending on how much you choose to invest. This is a massive red-light for a Ponzi scheme. Basic members can apparently expect a staggering 12% return every single day. Those who invest more can apparently expect 25%/daily income – forever!
The actual RainHash website is incredibly vague about how they distribute their supposed mining income. Their site has a very strange example of how they claim to distribute monies earned into their client/victims BTC wallets. At face value it may look moderately legit – after all, BTC is hardly the easiest transaction to track. Instead look at the dates when the several hundred ‘members’ chose to join RainHash website. All within two days seems way beyond the scope of reality for a program utterly new to Bitcoin mining.
Even more interesting is that they provide zero access to the actual Bitchain. Rather remarkably, tracing BTC is pretty easy between anonymous wallets. After trying to follow a dozen or so of those signatures, our conclusion is that they’re totally fabricated. To put it bluntly – till the time of writing this RainHash review, there is absolutely no proof that RainHash scam company has paid out a dime. Ever.
Is RainHash a Scam?
Going back to the Ponzi aspect, this is exactly what RainHash scam crypto mining company is attempting to emulate. They provide absolutely no evidence that they have access to the resources required to mine anything close to such a massive return. Instead – and given that this is a very new scam – they are looking to con as many people as possible into investing with them. Maybe they’ll pay out a little here or there, but nobody should expect anything close to their original deposit.
Just as with any Ponzi, they’re looking at attempting as clean and quick a break as possible. Throw in BTC – which are easily tumbled to make even more anonymous – and it’s a set up from the very beginning.
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Conclusion- RainHash Results are fake. It Appeared to be a Scam!
As detailed already, nobody should even dream of dealing with RainHash bitcoin mining company. Much as they may appear to be relatively professional, They intend only on scamming as much cash as they can into their fund. When they notice that complaints are soaring and bad RainHash reviews are exposing them for being total criminals, they’ll vanish.
A word of warning to anyone wishing to get into the cryptocurrency markets – be careful. Sure, there’s potentially plenty of cash to be made, but throwing your hard-earned into some vague mining opportunity isn’t the way to do it. Forget there is any chance of making a ridiculous 25% gross profit every day. That is the reals of fantasy and yet another reason why RainHash scam company must not be trusted.