So even if there are many voices stating that Hashocean will come back online there are some facts telling us the opposite on the other hand. IF you check their youtube channel or Facebook Fanpage you will see both are completely removed! Their Twitter account is also inactive since a few weeks! All three channels would normally be used to tell their customers about hacking or technical problems, so closing them can just be a sign that they won´t come back online!
One strange thing is hashocean.co.uk a new domain with the same script and database (I was able to log into my Hahsocean.com account, but after log in i got a 403 error message).
I will post a update here if I get any new information about Hashocean or as soon as I can access them again!
I´ve invested approx. 550 USD into Hashocean, luckily as Bitcoin where much cheaper and some time ago, so I overall don´t made a big loss!
IS Cloudmining A Complete Scam Business Model?If you think about CLDmine and now Topmine and Hashocean, it seems all Cloudmining Services are here to scam their customers, but is it true? As the Cloudmining business model can work, I don´t think all cloud mining services are scam. The Upcomming Bitcoin Halving process may be a reason why so many services are leaving right now, the strong bitcoin price may be another one! Investing into cloudmining is risky, that is what we can learn from this scenario. I recommend to follow these tips if you want to invest into cloudmining :
1. Avoid completely Free Services (For investments, you can let them run for free of course)
2. Split your investment - Invest only the amount you can afford to lose!
3. Invest once in the beginning and wait till its paid back! Now you can choose to reinvest a part or your entire earnings!
4. Do not trust to high daily profits / time till the return of your investment!
5. Research before!
It seems that there are many companies using Cloudmining as cover for their ponzi sheme, only a few are really mining!
After doing some more research I hope to be able to come up with some "Real" Cloud mining services! Genesis Mining is the only one cloudmining services with some real proof for their mining centers, and also ahve a much slower ROI and are taking fees for their electricity, so Genesis Mining and Hashflare at least seems to be a real cloud mining business!
Cloudmining Managed by a Smart Contract - A Better Option?
Since the etherum blockchain is live, so called Smart Contracts are avaiable. Smart Contracts are software programs running on the ethereum blockchain, this makes them transparent for others and they can manage all kinds of assets like wallets, exchanges or what ever can be accessed online (I´m not a pro here, ust to give you a idea what they can do). What would be if Cloudmining (Or evena Ponzi sheme) woule be completely managed by a Ethereum/DAO Based Smart Contract? This would offer at least a few advantages (There may be a way arond them as well) :
- No Running Away as nobody has access to the "business wallet" except the smart contract!
- Automatic payments as its managed and executed by the blockchain on a regular basis.
- No business management to be paid!
- Absolutly transparent if the source code is viewable!
Here are some problems that may still be faced :
- No smart Contract can controll real world hardware! If real mining software is used and bought from the customers investments, threre is no way for the smart contract to ensure they are set up the right way. So in fact a scammer would still be able to run away with the hardware.
SO you see, A smart contract / DAO based cloud mining service would solve a few problems, but the main problem almost persists, at least as long as there is hardware managed by the creators! If the smart Contract based cloud mining service would rent mining power at Nicehash for example, directly managed by the smart contract, it really could be a scam free cloud mining service from the ground up! Anyway, decentraliced, blockchain managed mining power wuld be needed to make it perfect!
Click here to join the first Dao Based Cloud Mining Service for Free (Only the next 30 Days)!
Avalon Life - Dao Based Cloud Mining is Comming soon!
Avalon Life is maybe the first smart ontract managed cloud mining service! Not sure how the mining power is generated, where the mining centers are lokated and so on. Avalon life will go life in approx. 30 Days from now, as long as they are in prelaunch you can sign up for free by clicking here! (Atention: This is no recommendation - its to early to see if its a good idea, and there will always be a remaining risk involved if you invest in any cloud minign service!)