A BIG MINING SCAM… Be aware…!!!
The last season November to December 2018, when the bitcoin mining season was a bit down, many companies as like hashing24.com have taken to new kind of revenue models to make a bumper reap and fleecing up the smaller level customers..I am not sure if the following models were used to maximize their profits or to minimize their loses.
1. Working on lean rules of the “terms and conditions of contract clause” wherein the customer cannot complain against the company to terminate the contract significantly short time prior to contract period.
2. Ensure that transaction fees are such that the customer can neither continue with their plans nor can he opt out, his balance btc hard money is lost along with the contract initial deposit and will be used by these companies themselves in the long run and will be used by these companies themselves in the long run.
3. Refrain from client sensitive Geographical areas and responsible governmental laws such as USA so that they will not and cannot be tracked and charged for offences of criminal offences of fraud and cheating.
4. Log into their website and you can observe that there are many people in beeline, on their website to resell their existing contracts and get relieved as they have already fallen into their traps.
5. To entice the customer and people they will make you believe that all their “life long period contracts” or plans are sold out. Heck of it, when they are not able to maintain they mining charges as maintenance fees how have they sold out all their plans is a matter to think about.
These practices have made the petty small customers to suffer the suffer the most and not sure what other models are involved to wrap and wind up bigger customers.
Therefore it is advised not to do book for mining plans of these mentioned fraud companies.
https://bitcointalk.org/index.php?topic=1676941.0
https://www.scambitcoin.com/hashing24/
https://www.reddit.com/r/Bitcoin/comments/8h7gyn/is_hashing24_scam_or_not/
https://www.buybitcoinworldwide.com/mining/cloud-mining/
