HashOcean: Another Cloud Mining Scam? Bitcoin News

HashOcean: Another Cloud Mining Scam? Bitcoin News

Ter the world of cloud-based bitcoin mining, you never know what you are going to get. Most operators should be scrutinized and researched meticulously before signing up spil there are undoubtedly some legitimate operations. However, there are fairly a bit of shady practices spil well te the cloud mining space. Recently, a loterijlot of discussions have bot aimed at the company HashOcean whose webstek has bot down for a while now.

Is HashOcean Telling the Truth?

HashOcean is a cloud mining rock-hard that wasgoed created ter 2014, and claims to have six mining farms located around the world.

The company has said via its time of operation that the business wasgoed very semi-transparent and one of the largest cloud mining facilitators worldwide.

However, just recently, the webpagina has bot down, and many are claiming that HashOcean is a fraud or has performed an uitgang scam.

At present, according to, the company has a bad reputation for not paying. The San Francisco-based cloud mining business has supposedly bot hacked according to many posts, believed to be written by the owners.

The response supposedly created by the HashOcean team states the “domain has bot hacked and sold, this wasgoed beyond our control.”

Alongside this, the company claims the official HashOcean YouTube, Facebook and Twitter accounts have also bot compromised.

Explaining the punt across several forms of social media the HashOcean team allegedly writes :

“We have had to take the unprecedented step now to admit defeat, the hackers have won, and Hashocean is no more. Our domain and our Gegevens Centres were not directly linked but to be sure our members investments were protected wij have bot coerced to cease all mining operations with instant effect and transfer all remaining BTC (Approx $Trio,500,000) to a fresh secure wallet spil wij can’t be 100% sure the hackers won’t be able to get access to your investments eventually.”

According to the written statement that came from the so-called core HashOcean team, the company is supposedly processing withdrawal orders on a first-come first-served poot.

The stiff states, however, when the “secured funds are gone, they are gone.” Which seems to establish there is only so much bitcoin to pay out to its customer base.

There are also large swaths of users say they are not getting paid, according to social media reports.

Despite this, there are some who say they are getting payments. One customer writes, “It looks like HashOcean is presently refunding members, I got refunded of my 591$”

Yet most reports look spil tho’ they have not bot paying out, and users be found complaining of fraud by just googling the company’s name.

Across this mess, it seems many phishing sites and replica HashOcean pages have bot created. One webstek called “HashOceanS” has appeared, suggesting a similar cloud mining practice.

The so-called member of the original HashOcean team says they are not associated with any of thesis mock websites and tells customers to be careful.

“The company didn’t have anything related to us. HashOceanS Be careful. Wij are attempting to solve all the current issues. Many people embarked to voorkeur that wij were scammers/scammed 700,000 users! Wij would like to let you know that the domain is the only case, because the domain wasgoed transferred to another account, te case wij switched the domain,wij will transfer all the users/powers, Wij are Working Hard to get everything Back Normal te the next 48Hours, Keep Silent &, Daily payout will be executed spil usual.”

Unluckily, ter the cloud mining space, thesis types of occurrences are all too common. It’s very hard to say what is legitimate and what is not, even when a company operates without issues for years. Some of thesis operations voorwaarde to have very large gegevens centers spil well, but some of thesis claims have bot proven to be false.

Business Insider got an inwards look at a trusted and reputable cloud mining operation – Genesis Mining. According to Genesis co-founder Marco Streng, cloud mining operations have a “major trust punt.”

“They don’t everzwijn even own their own mining facilities. They just take pictures from other companies, Photoshop them, then pretend they are theirs.”

It’s not officially confirmed whether or not HashOcean is a scam, or if it is a legitimate operation that wasgoed hacked. Yet many customers seem to be very unhappy, and the topic of the hack has got a loterijlot of users worried. will keep our eyes peeled spil more of this story unravels. Wij recommend using due diligence when researching a cloud mining operation and to be careful of phishing sites and operations that seem too good to be true.

What do you think about HashOcean? Do you feel it is a scam, or a legitimate operation that has issues with hackers? Let us know ter the comments below.

Pictures via HashOcean’s archived media, and Pixabay.

Related movie: Setting up Genesis Mining and Leegloop Wallet

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