Hashfox

Estimated reading time: 2 min
Scam

Specs

  • Rating:
  • Payments:
  • Entry on: 2019
  • Type of mining: Hosting, Cloud
  • Equipment market:
  • Supported coins: BTC, LTC, ZEC
  • For users: Beginners
  • Language:

We provide unbiased reviews. Mining Advisor is an independent company that buys and tests the best products on the market.

Update:

The website is no longer reachable.

The company

Hashfox is an Asian cloud mining platform established in Hong Kong in 2019.

In a few months the company has gathered users all over the world offering the possibility to mine BTC with good maintenance costs and some interesting packs.

Of Hashfox there are live video of the Farm, you have to be recorded to be able to see live some cameras installed inside the farm.

There’s not a lot of information about the company. There are conflicting rumors about it because some people link Hashfox to Nuvoo mining, a company we preferred not to review because this company is involved in a major financial scam.

Our experience

We have been using the platform since the end of 2019, we have not had any problems with withdrawals and the use of the platform.

Hashfox offers the sale of entire miners as some competitors do (cloud hosting), also allows its customers to buy hashrate packages with a few steps and with a fairly clear and simple interface in its use.

Mining packs from BTC, LTC and ZEC are currently available but are not always available.

Packages are proposed with very low electrical costs, and this is certainly positive but we must point out that the purchase costs per single Th/s are high, in essence we do not deduct the electrical costs every day from the mined but make us pay them in advance at the time of purchase.

We believe that it is right to highlight this aspect for those who do not have much experience in mining.

When we turned to technical support we received answers in good times but they were not always conclusive.

The conditions of the packs are quite clear and you can pay with crypto, credit cards and Skrill. Having different payment methods is good.

Within the dashboard there are several ways to increase your earnings or Foxpoints, with these you can take advantage of discounts or other opportunities. For new users they often offer special conditions for new membership or first purchase.

Interesting Wily insurance, this is present in all purchases. In the event that the BTC production value is lower than the daily costs the insurance will stop the contract and will restart it when it will be profitable again without losing those mining days of the contract.

Advantages

  • They offer miners in Hosting.
  • Different payment methods available.
  • There are live videos of the Farm.
  • Packs with low fees.
  • Wily Insurance.

Disadvantages

  • Little information about the company.
  • Few types of mining contracts.
  • Improveable customer support.
  • Expensive packs.

Conclusion

Hashfox is a platform that doesn’t completely convince us because of the cost of the packs as well as the little information about the company.

However, our experience has been positive, we have invested little because the information about the company is practically non-existent and we did not find the packs for BTC so convenient.

They don’t have a bank transfer but they have both credit cards and Skrill among the payment methods.

If you are considering investing in Hashfox cloud mining we recommend you to check the economic conditions of the packs because they may not be the most convenient on the market, better to buy when they have an active promotion or only after checking if they are really the most profitable on the market.

Interesting Wily insurance can help in some circumstances not to lose part of the investment.

Platform suitable even for inexperienced users.

The positioning is based on certain and objective criteria, not “conditionable”, it is not possible to buy a better position or review.