Website Review : SCAM or LEGIT? Review SCAM or Legit?

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User management: Web
Company transparency/support: Not Legit
Payment options: Bitcoin
Reward type/share/pool: N/A
Cost electric power per TH/day (btc): N/A
Contract price per Th: Starts from $12.5 for 1 TH/s 
Earning return: N/A

User Review
0 (0 votes)

(classified as HYIP)

Let’s face it, is an HYIP and promoting on HYIP monitors. So we know what to expect


  • Reasonable pricing 
  • Well-structured website


  • Limited information about the company 
  • No videos or photos of mining facilities 
  • Only Bitcoin payment option available

Disclaimer: This site is a category HYIP (high-yield investment program) and will pay only for a certain time. As for all HYIP websites, this can change any moment and we need to stress to you that deposit to such sites is not recommended unless you like to gamble with your money at your own risk.


The company, SHA 256 has taken its name from the popular Bitcoin algorithm SHA-256. As per their website, the company is registered in the Marshall Islands. There is no information regarding who owns the company. Neither there is any information about their key personnel. The following information is available on their website:

“SHA-256 is a new generation Bitcoin Cloud Mining company with hands-on knowledge on cryptocurrencies and decentralized technologies. Dedicated to provide only the best experience, SHA-256 makes facilities with state of art mining devices accessible to anyone with an internet in a simple and elegant way. Based In Marshall Islands, the company is now serving an international customer base with passion, desire, meticulousness and a continuous ambition for improvement. SHA-256 takes all the operational burden of Bitcoin mining and lets users to start, manage and monitor their mining activities via a user-friendly dashboard.”

Cloud Mining Plans

SHA-256 has only one plan and that is also kind of an open plan where you will pay for the total computing power you opt for. Their pricing is set at a price of $12.5 for 1 TH/s. They only offer Bitcoin cloud mining. Hence, if you are interested in mining altcoins, you may be disappointed.


We did extensive research for the review. After our research, we came to the conclusion that these guys don’t seem to have honest intentions. So let’s face it, it’s an HYIP and promoting on HYIP monitors.

The first major red flag is that they haven’t even added a single video or image of their claimed mining facilities. The second red flag is that there is almost null information about them in the public domain. Their website has some good functionalities but nonetheless, it, too, is from a template. There is no information about who owns the company and who are their key personnel. 

Due to so many red flags, we cannot consider them to be a genuine cloud mining company. Hence, our rating for is 0.5 out of 5.0.

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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