Two cloud-mining sites, Hashie.co and LTCGear have seemingly up and vanished. While LTC later reappeared, no payouts have been received and the website is bearing no further details.
Cloud-mining is always a risky business, as it involves others mining bitcoin for you. Many who don’t fully understand cryptocurrency look at the process as a positive action in the sense that they can reap the rewards without performing the “labor.” With that said if you can’t trust yourself to get things done, who can you trust?
Several cloud-mining platforms have been revealed as defective or as hidden Ponzi-schemes over the past year, and many are looking at Hashie.co and LTC with a worrisome eye.
The trouble with Hashie.co began just a few days ago when users began complaining of missing payouts. The company later offered the following explanation:
“Hashie.co, a cloud-mining service that claims over 40,000 users, has suspended operations. Users have lost their hash tokens but users who purchased AMHash tokens through Hashie.co are able to move their tokens to AMHash. In a bizarre twist, someone has turned the site into an Alternate Reality Game (ARG) and the first few clues have already been solved.”
According to some reports, the amount of missing bitcoins is over 1,400. Despite potential risks and now the unconfirmed identities of the Hashie.co owners, many users are seemingly playing along with the game, hoping to find out what happened to their lost bitcoins.
What do you all think? Anything seem fishy to you? Post your thoughts and comments below.