Website Review : SCAM or LEGIT?

Hashgains.com Review SCAM or Legit?

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Hashgains.com Review SCAM or Legit?

Summary

User management: Web
Company transparency/support: Owner’s name is available in public but company is scam
Payment options: credit cards, debit cards, internet banking and PayPal
Reward type/share/pool: BTC.com
Cost electric power per TH/day (btc): 0.00001584 BTC
Contract price per Th/year (btc): $29.5 USD per TH/s for 1-year
Earning return: 92.81%

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User Review
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Status: SCAM

pros

  • Offers 8 types of cryptocurrencies for mining
  • Allows withdrawal from 0.005 BTC

cons

  • Unprofitable Bitcoin mining plans
  • None of the employees seems to have a LinkedIn profile
  • Does not offer an option to pay through cryptocurrencies
  • Many reports payments never received

Hashgains.com claims to be a company with 1500+ employees and 2 mega data centers. They also mention that they have 15+ years of experience in the Data Center Industry. 

It was founded in 2017 and its headquarters is located in the Greater Houston Area, Southern United States. The company’s founder and CEO are Anuj Bairathi and he has been covered in some of the popular crypto websites like Bitcoinist, NewsBTC, among others. 

Address: Futuristic Internet Services LLC 10685-B Hazelhurst Dr. # 15644 Houston, TX 77043 USA

The Product:

Hashgains.com has a clean and simple website design. It offers all functionalities that will ensure a user-friendly experience for all website visitors. They have provided all the required information and have also provided an advanced calculator to calculate the profitability of all their mining plans. 

They offer mining plans for Bitcoin, DASH, Ethereum, Litecoin, Monero, Zcash, Bitcoin Cash, and SiaCoin. The company offers multiple plans to choose from regardless of which cryptocurrency you plan to mine through Hashgains. 

They have grouped all their cryptocurrency mining plans in five categories and these are: Topaz, Ruby, Emerald, Sapphire, and Customized Option. All of their plans comes with a 24-month duration. 

#1. Bitcoin Mining Plan offers 0.5 TH/s to 10 TH/s at a price of $39 to $780 and all these plans come with an additional maintenance fee per GH/s/Day of $0.0000499. 

#2  Dash Mining Plan offers 500 MH/s to 10 GH/s at a price of $29.5 to $590 and all these plans come with an additional maintenance fee per GH/s/Day of $0.08. 

#3. Ethereum Mining Plan offers 5 MH/s to 100 MH/s at a price of $125 to $2500 and all these plans come with an additional maintenance fee per GH/s/Day of $3.2435. 

#4. Litecoin Mining Plan offers 10 MH/s to 200 MH/s at a price of 39 to $780 and all these plans come with an additional maintenance fee per GH/s/Day of $3.2435. 

#5. Monero Mining Plan offers 0.5 MH/s to 625 MH/s at a price of $39 to $975 and all these plans come with an additional maintenance fee per GH/s/Day of $0.05. 

#6. Zcash Mining Plan offers 10 H/s to 200 H/s at a price of $49 to $980 and all these plans come with an additional maintenance fee per GH/s/Day of $0.6435. 

#7. BCH Mining Plan offers 1 TH/s to 15 TH/s at a price of $59 to $885 and all these plans come with an additional maintenance fee per GH/s/Day of $0.0000499. 

#8. SiaCoin Mining Plan offers 10 GH/s to 250 GH/s at a price of $50 to $1250 and all these plans come with an additional maintenance fee per GH/s/Day of $0.0049. 

Conclusion 

The company gives positive vibes if we check their social media profiles, press releases, owner’s interviews on the web.

However, we found some grave issues when we started digging deep.

We found that many of their customers have complained about not getting payments from them on many reputed sites like Trustpilot, Reddit, etc. 

Most of their crypto plans are unviable as clearly shown through their calculator. The only plan that they endorse is the Monero mining plan. On top of that, we found that the company has not mentioned anything about accepting payments in cryptocurrencies, and being in a crypto mining industry this raises lots of questions. Hence, this is the biggest red flag that we found.

Overall, this company looks doubtful and we suggest stay away from it. 

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

You can ask us to make a review on a particular website. To do so please leave a comment and the site URL on our suggestion page.
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