Hashocean closes and is revealed to be a scam

Hashocean was a bitcoin cloud mining service that claimed to have 5 major data centers along with a team of mining experts to manage it. They even had a 24 customer service hotline to support to their 700,000 customers. All of this was revealed to be a scam. The Hashocean.com website went down without warning on the 25th of June. Hashocean’s Facebook, Twitter and other social media accounts have all been deleted. Mining payouts have stopped.

Current hashocean website

Current status of hashocean website

Hashocean has claims “hackers” took down the website and deleted their social media accounts. This definitely is a lie. Think of it this way, a cloud mining company’s assets are in physical machines that cannot be stolen via hacking. If they actually owned 5 data centers around the world, it would be impossible to not bring their physical machines online and resume payouts. It is without doubt that Hashocean is a scam and with a pyramid scheme structure.

To add insult to injury, thieves have opened up facebook and twitter accounts claiming to be HashOcean. These accounts claim that payouts are coming but further payment as “proof” of Hashocean account ownership. These are entirely false and no money will ever be returned. The following is an example of such a scam:

got my 25 btc back nice 😀 i sended 0.01 btc to 1LxJXguP2zxbejccq7CnwhbtgNugiqxz8a
this is an automatic replay :
Unfortunatelly HashOcean will close definivelly and all our mining system is for sale now.Our mining system and webpage got irreversibly damaged.

Refund:
We will refund you on bitcoin adress afferent. Please send exactly 0.01573913 BTC to 1LxJXguP2zxbejccq7CnwhbtgNugiqxz8a from your bitcoin adress selected to payout on your account for proof.

Please follow the steps and keep calm.

Thank you,
HashOcean Team

Hashocean never owned mining equipment

The key point to take home from this debacle is that scams like Hashocean never actually owned any mining hardware or any server farms. Several forum posts have pointed to the fact the have never provided evidence that their mining operation actually exists. If they actually owned services and hardware, it would be extremely easy to post the evidence for it.

This is a major lesson for all cloud mining investing: only invest in companies that actively provide evidence for their hardware and assets.