Hash Range (HashRange.com)
Bitcoin Cloud Mining Platform
Is Hash Range Fake or Real?
Why Is Hash Range Fake?
Hash Range is a website that claims to be a platform for cloud mining Bitcoin. The website is poorly made and provides almost no significant information. All the content has been copied from various websites and there are at least 20 websites using the same content. The full list is given at the end of the article.
A domain name lookup of the website shows that it was registered on 2nd February 2020. The registrant’s details such as name, location and contact details have been hidden for privacy. Though the domain has only been registered in 2020, there are multiple mentions on Hash Range’s website that it has been active since 2018. This is clearly a lie.
It is mentioned on Hash Range’s website that it has a referral program with 8 levels that pays between 0.1% to 10% commission on purchases of referrals. This is a strong sign that Hash Range might be a Ponzi scheme.
The home page has a TrustPilot rating box that shows Hash Range as having a 5/5 rating. This is simply not true as the actual rating is much lower at 3.8/5, with 20% reviews being negative. There is also some copied-text stating that TrustPilot is ‘the most validated cryptocurrency validation system’. This makes no sense as TrustPilot is simply a user review platform. Even though 3.8/5 is not a bad rating, we cannot ignore the fact that Hash Range is displaying a misleading rating on their website.
Hash Range has a social media presence on Twitter and YouTube. Both the social media profiles have been created in February 2020, once again showing that the claim of Hash Range being active since 2018 is a lie. One of the videos on the YouTube channel is in Turkish, suggesting that Hash Range might be a Turkish operation.
They also have a Telegram channel that can only be accessed after registering on the platform. The channel has a pinned message from someone whom I presume is an admin. The message is urging every member to invite 100 people from their contacts. The profile picture used for the account is a computer-generated image and not of a real person. Therefore, the people behind Hash Range are operating anonymously. Both these signs signal that Hash Range might be a Ponzi scheme.
The only contact details provided on the website are an unofficial Gmail ID and an address in Greenland. However, this address provided is completely fake as it is not even of any exact location. Therefore, the only way to contact Hash Range is via email, Telegram and social media.
There are several reviews available for Hash Range on TrustPilot. The overall rating is a good 3.8/5 based on 300 reviews. However, the credibility of these reviews is low as the commission system incentivizes members to maintain a good image of the company to gain referrals. Filtering the negative reviews reveals common complaints seen with Ponzi schemes such as declining profits, difficulty in withdrawing and locked accounts. Some users have also mentioned that there seems to be a connection between Hash Range and Hashflare, which has already been exposed as a Ponzi scheme.
It seems extremely likely that Hash Range is a scam. The website states that the company has been running since 2018, even though the domain was registered only in February 2020. The social media accounts have also been created in 2020. Therefore, they are lying about being active since 2018.
The entire content is copied from various sources, which shows that it is a low-quality website and not professionally-made. The TrustPilot rating displayed on the website is fake too, as the actual rating is lower.
Hash Range has an 8-level referral commission system which is a compelling reason to believe that Hash Range is nothing but a Ponzi scheme. The people behind the company are operating completely anonymously as there are no names given on the website. The only way to contact them is on their Gmail ID, Telegram group and Twitter. There is a fake address of Greenland given on the website, but there is some evidence that it might be a Turkish operation.
The TrustPilot reviews are positive and state that the members have received payouts. However, this does not mean that Hash Range is not a scam, as Ponzi schemes are known to give payouts initially to gain the confidence of investors. The payouts can stop at any time without notice. Several of the negative reviews mention complaints commonly seen in fraudulent schemes, such as declining profits, late withdrawals and blocked accounts. There also seems to be some connection between Hash Range and the exposed Ponzi scheme Hashflare.
It is advisable to avoid investing in Hash Range, as it seems to be an HYIP scam.
** UPDATE **
It looks like my prediction about HashRange being a scam has proved true. TrustPilot is filled with comments about HashRange running away with peoples’ money. Sadly, this is how all pyramid schemes come to an end, which is why you should always stay away from them.
List of websites using the same content as Hash Range:
Remember: If something seems too good to be true, it probably is.
If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as Scamadviser and TrustPilot
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
Disclaimer: The views expressed in this article are presented as an educated opinion based on facts and evidence. There is no malicious intent or attempt to defame any individual/s or organization/s. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Form.