Hashshiny Reviews 265

Pure ripoff. They continue to raise the withdrawal fee above your balance so there's no way you ever can make any profit

First things first, my experience as far as hashshiny.io is concerned has been of total devastation & humiliation.

First & foremost, despite me communicating to them via tickets, they never bothered to respond to my queries.

The Bitcoin mining process is also a sham. Just by observation of how the mining process works on their platform, there's not even a chance that one could recoup a substantial value or a value close to the amount invested.

I can give a simple scenario based on my analysis of their workings over a period of about 2 months. This is based on how their platform works. For example, let's say that I made an investment of USD 16 in September of last year. Their transaction processing fee combined with other charges takes this amount to an amount almost equaling USD 20.

This gives me a Hashrate of roughly 400 Giga Hashes per second. With this hash rate, I'm able to mine Bitcoin in the range of 0.00000136 BTC to 0.00000143 BTC on a daily basis.

In dollars terms, the above boils down to a value ranging between USD 0.031or KES 3.89 -to- a dollar amount of USD 0.033 or KES 4.089, which is peanuts as far as am concerned. As a matter of fact, KES 5.00 can only get you or your child the lowest quality piece of candy in my country -- Kenya.

NB: KES = An abbreviation denoting Kenya Shilling.

Having clearly elaborated on that, when I calculated the value of my USD 16 investment with hashshiny.io over their contract period using their in-app calculator -- I eventually end up with a final amount totalling 0.00082 BTC which is equivalent to USD 18.77 or KES 2,344.19.

Mind you -- this will be after 2 good years of them being in possession of your money! And is a matter that I gladly conclude as being extremely laughable. How could one earn KES 300 ($ 2.41) or less over a period of 2years & still be termed an investor? SERIOUSLY??....!!!! LOL.....!

NB: $1 = KES 124

To tell the truth, this doesn't make any financial sense whatsoever!

To add to the aforementioned, the minimum amount of BTC withdrawable on hashiny.io is 0.005 BTC, which basically means that after the agreed upon contract period expires, I will still be unable to withdraw my funds from their platform -- which as a matter of fact is a constituent of my initial investment amount. This is extremely deplorable & is unjustifiable! -- plainly put.

Now, if this isn't scandalous -- then I don't know what is.......!!!!

Complete scam. Once you actually finish the two years and try to withdraw they charge a huge fee. I invested $50.00 and after two years I got a return of $0.59.

Run away from this company. After making investments of over $200 to purchase mining plans, the 2 years mining period expired and I am far far from their withdrawal minimum.
No matter what happens in your mind, never ever consider 'investing' with this fraudulent site. They are the biggest scammers on the internet.
And every message you send them asking for at least a part of your investment back, they will tell you to invest more and more.
BEWARE, RUN AWAY NOW! DONT EVEN THINK TWICE

I paid on 2021.10.07
0.01270797 BTC
Promised for one year 0.01 BTC
One year has passed since then.
2022.08.20. - 0.00253485 BTC
06/10/2022 - 0.00252202 BTC
16/01/2023 - 0.00247193 BTC
It's not going up, it's going down.
And I wrote to them in vain, no reply.

An outdated business model that doesn't measure up anymore, to put it mildly. I would think that Hashshiny is hoping for a miracle but with so many dissatisfied users, well there can't be a single satisfied user/customer now given that they are simply milking users for their invested capital. The electricity fees eats up the daily harvest and you go into the red every day. Now I didnt invest very much but I don't expect to get anything back.

after few months you will get maintenance fees higher than your payout. it is my first time facing mining in negative . they simply scam and stolen they clients. don't invest your money in such website.

My mining rate seems to be runing in minus figures, i.e. Incurring debt with the electricity fees. Thought they would stop mining if it is not worth the value against the cost of overhead. I guess i have lost all my money invested in for higher hash rates.

I have raised a support ticket asking for solution, respinse is below.

The cryptocurrency market sentiment has changed dramatically in the past days.
The sharp drop in currency prices has caused the share of electricity expenses to become higher.

To make it easy for you to understand, let me give you an example, if the electricity expense is fixed at $1, when the bitcoin price is $2, its BTC value is 1/2=0.5 BTC, when the bitcoin price is $1, its BTC value is 1/1=1, if your payout is $2 per day, then your net profit is 2-0.5=$1.5 and 2-1 respectively = $1.

You can visit ant pools or f2 pools and use their earnings calculator and electricity expense calculator to estimate your earnings.

We also hope that the market will recover, as our unsold hash rate has suffered for the same reason.

You can also choose to turn off the mining switch to avoid losses, the mining process switch is designed for this situation. 08 /12/2022

I replied: I understand that, but in this case your electricity fee has gone up whilst the mining rate/value is the same. 13/12/2022

Response: Here's the thing, mining revenue depends on various factors such as total hash rate across the network, total difficulty, and coin price. 14/12/2022

I invested 100$ at first it was good but then they made the daily payout fees so high that I got 1\15 from what I should and at the same time they made the price 3-4 times higher for new orders. Now, I only want to do is withdraw my money but guess what, the minimum is 0.005 and I have 0.00477. (Their app said that I should get about double of what I got.) and keep in mind that I contacted them about it a few times and they said its the BTC network fees.(come on!!!)

Now they're ghosting me for a few months without any help! (Just give me my money)
And when they did answer they just told me to reinvest until I get to the limit. the problem is that by doing so I'll loss of the money it the account since the price is now 4 times what I paid for it in the first place so I have no shot of reaching the limit.

Hashshiny very nice

Optimus,excellent.speedy.

Very smooth and easy transactions., whether paying with crypto or credit card

Waiting 14 days, after changing the wallet address, is to long. My CASH APP wallet changes with each transaction and I do transactions everyday.
And, the daily maintenance fee, is ludacris.

i like this platform; everything is done professionally and on time ; i just tested with small investment but I will increase now

I bought hashrate from the app directly and was amazing 🤩
Thanks 👍

The forecast amount of revenue in 2 years time is less than what I invested; this means I won't even breakeven

It's a total SCAM. I realize it 2 weeks after my investment in Jan 2021. I can't do nothing about it, so I'm just hoping I can get something after my contract ends. But you know what? After almost two years mining, I can't even withdraw anything because the fee is so high and the minimum withdrawal fee also very high. Save your money and invest somewhere else. Don't fall for this.

No your not going to get rich , yes it’s expensive! But they don't rip u off and in time you can build a nice nest egg :) thx guys!

Scam. They reduce your daily income but by bit over days and weeks hoping you don't notice and to scam you even more your daily income is not added to your balance. I'm stuck at the withdrawal fee in my balance so I've got to the withdrawal fee but my daily income is lowered so much that in 1 year's time I want to withdraw it will be still at there withdrawal fee because your daily income which is lowered daily is not added your balance say you got 100 coins a day for purchase they then lower it over months so income is then about 60 and then if you look at your balance every day they only add about 15. Again!!! Nothing to do with fees.. this is exactly what they are doing. My balance hit withdrawal fee in months it's been a year and it's not moved much from the first few months so if I withdraw I get nothing because my balance won't go above there crazy 0.0005 BTC withdrawal fee w
Is which my balance is staying at yet I have 1.40 TH/s. proper con artists