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 have 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!
Hashflare vs. Genesis Mining
I prefer Hashflare for some reasons, but have invested into Genesis Mining too (To spread my investment). Hashflare offers cheaper plans and a better ROI, they also offer Script, Dash, Ethereum and ZEC mining plans!Anyway, the Sha56 plan seems to be the best if you take a look at tthe Return of Investment!
Hashflare is located in England, this means they can be reached by eu law (most likely), they are also very transparent with their datacenters and mining activity!
Genesis Mining also discontinued one of my contracts after some time, telling me it woulnt be profitable anymore! Hashflare is still profitabe so it seems that Genesis Mining is not honest or is using older hardware! Another reason to choose Hashflare!
I ve overall purchased 0,66 T-hash Sha 256 Mining power, Ive paid approx. 70 - 80 USD completely. You see I m earning approx. 45 cents per day, this means : 80 USD / .45 USD = 178 Days till i got back my investment - all afterwards is pure profit!