Hash Byte, located at HashByte.io, is a cryptocurrency cloud mining scam that should be avoided at all costs!
Recently launched in May of 2018, Hash Byte has been circulating the crypto arena unchecked and scamming an innumerable volume of unsuspecting investors.
To gather the facts regarding HashByte we invite you to continue reading our honest scam review.
HashByte.io promotes their platform as an “environmentally-friendly” cloud mining service.
“HashByte – Renewable Energy Powered Cloud Mining.”
While Hash Byte masquerades their platform as such, there has been no conclusive evidence to support their claim of being an eco friendly cloud mining service.
According to their About Us page, their mining farm centers are established in Norway, Sweden and Estonia.
Claiming that all their mining farms are functioning as a byproduct of renewable energy, HashByte fails to disclose any information pertaining to their mining hardware and equipment let alone their alleged renewable energy farms.
The minimum investment amount required is $150 for 3,000GH/s for Bitcoin (SHA256), according to their FAQ page.
To add, their platform is supposedly capable of mining Bitcoin, Ethereum, Litecoin and Monero with expectations to add more digital currencies in the future.
Who is Behind HashByte.io?
HashByte.io does not disclose any ownership anywhere upon their site.
The only identifying feature we found at HashByte.io would be the email address [email protected] although it really doesn’t provide any insight into who is responsible for this ridiculous cryptocurrency scam.
How does HashByte.io Work?
According to their site, HashByte.io mining farms rely upon solar and wind energy to power their mining hardware.
Since their platform is allegedly interested in “reducing carbon emissions and maximizing profits for investors,” they made their platform readily available to anyone over the age of 18.
HashByte.io offers four separate mining packages for cryptocurrency investors who are interested in investing with their cloud mining service.
Depending upon which mining package an investor chooses will dictate the minimum deposit required, their hash power along with profit potential.
Mining Packages (Silver Package Base)
Asset Mined: Bitcoin
Hashing Power: 3,000GH/s – 14,999GH/s
Deposit Required: $150.00 to $749.00
Asset Mined: Ethereum
Hashing Power: 10 MH/s – 49MH/s
Deposit Required: $150.00 to $599.00
Asset Mined: Litecoin
Hashing Power: 10MH/s – 49MH/s
Deposit Required: $100.00 to $499.00
Asset Mined: Monero
Hashing Power: 120.1H/s
Deposit Required: $100.00 to $499.00
HashByte.io only accepts cryptocurrency deposits while all deposits conducted must match an investors desired mining package.
Red Flags and Question Marks
HashByte.io does not openly promise any outrageous returns-on-investments to their potential cliental although they do incorporate a ROI calculator on their site which reflects highly unrealistic ROIs.
Lack of Transparency
Hash Byte does not provide a shred of information that can used to support their credibility.
They claim to have renewable energy farms set up in Norway, Sweden and Estonia yet they don’t provide any proof, pictures or documentation.
Let’s not forget how HashByte.io also fails to provide any verifiable ownership information, meaning they are operating as an anonymous entity, which is the LAST thing you want to deal with when it comes to the online investment arena.
Last but not least, Hash Byte does not provide any proof that investors who use their platform actually generate profits, nor do they provide any traceable cryptocurrency transactions for us to verify that they are a paying cloud mining entity.
HashByte.io does not reflect any positive community feedback according to our investigation. In fact, some review sites have even gone on to expose HashByte.io as a scam.
HashByte.io was a privately registered domain that was created on May 2nd, 2018 through the NameCheap, Inc registrar.
According to market intelligence reports found at SimiliarWeb, HashByte does not appear to be that reputable of a cloud mining platform and reflects a global rank of 936,996 with a Spain rank of 106,242 as of September 10th, 2018.
To further add to the deceptive nature of Hash Byte, HashByte.io appears to be relying heavily upon shady traffic exchange sites such as adbtc.top, ambcrypto.com and clearload.bid to secure inorganic site traffic with the deliberate attempt to appear more popular than they actually are.
Approximately 96.76% of their referral traffic originates from unethical traffic exchange sites.
Is HashByte.io a Scam?
Given the deceptive nature and the number of red flags relating to Hash Byte it is obvious that HashByte.io is a scam.
HashByte.io Review Conclusion
HashByte.io is nothing more than another cryptocurrency cloud mining scam that preys upon newbie cryptocurrency investors.
Unfortunately it is becoming increasingly more common to encounter cryptocurrency cloud mining scams which is why we urge you to exercise caution prior to handing over your money.
If you have a scam to report or have any questions relating to any cryptocurrency or online investment-related opportunity we urge you to reach out to us!
Verdict: HashByte.io is a SCAM!
Blacklisted Site: HashByte.io
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