Majesty Hash Review: Warning! Scam project.
Updated: Oct 12
One of my readers asked me to look at and evaluate the reliability of the "cloud mining service" Majesty Hash. Well, just the look of their website is enough for me to understand that this is a scam. But let's take a closer look at this website.
Mining contracts are lifetime, and at the same time, each registered user is allocated 900 GH/s of power (0.9 TH/s), which at the time of writing this article generate approximately 0.00000810 BTC (at rate $32000 = 0.26 USD) per day on any legal cloud mining service, such as BitFufu.
The site has proudly published a counter of registered users so that you can feel like a sheep in the herd.
But wait ... 492000 users, 900 GHs each ... this is ... 442800 TH/s of Gift hashpower, which at the current exchange rate corresponds to $127526 per day! What a generous cloud mining! Haha.
Free Mining Hashpower
As I said earlier, free mining can only be seen on scam projects.
The coin-mining-farm offered free power. It has long been scammed.
Further, free power was offered on Mid-mining. The site is also unavailable and users have lost money.
On legal services, such free offers are limited.
For example, when you register for BitFuFu, in September 2021 you can get:
2 days of free test mining at 10 TH/s,
a 50% discount on the purchase of 15 days of mining,
as well as a $ 20 coupon for further purchases.
Yes, the amount of bonuses here is about $ 60, but in order to benefit from them, you still have to buy significant hashpower. In this case, real mining takes place, in which there is no place for charity.
And when you and 492,000 other users are offered free power for life, it's just a scam.
Price and payback period
I don’t know if it’s necessary, but I’ll explain it just in case.
Nobody would ever sell you something that brings you 100% income in 15 days.
Why would somebody share this GoldMiner with you? Why they take $ 1000 from you today, to give it back in 15 days and then, every month, give another $ 1000 every 15 days? Wouldn't it be easier for them to go to the bank or what? With good analysis and daily monitoring of contracts at BitDeer, I was able to get an income of about 6-8% per month with a stable growing level of Network Difficulty, and this is an excellent indicator. Thanks to the sanctions against the mining companies in China and their temporary relocation to other countries, the Hashrate fell and I was able to unexpectedly receive about 40% of the income on those 2-month BitDeer contracts that I bought in May. But this is an exceptional situation.
And here - you are promised from scratch + 100% income for 1 month, just press the button.
Terms and Conditions
Team/About/Who are they?
The company, by the way, is indeed registered in England at Majesty Hash Ltd, 40 Fonthill London, N4 3HU, United KIngdom. I can confirm this with the official website https://find-and-update.company-information.service.gov.uk/company/13435964
And Dominic Benson is actually a Director of the Company. But if you Google this name you will find no information about him.
For examble try to google BitDeer CEO "Matt Kong" in Google. You will find alot of information.
With such frenzied profitability, the site will not be able to exist for a long time and there are already messages on Trustpilot (2-3 days ago) that the service has stopped paying money.
I have already said this and will say it again. There are a huge number of fraudulent projects on the network. And there will be more.
Think twice and don't be fooled by the promise of huge profits.
I hope you are reading this review before investing in a project like this. Please consider investing in legal, stable and world-famous projects like cloud mining service Bitdeer, which has a close relationship with BitMain, mining pools and cooperates with major hashrate providers around the world.
Exclusive Cloud Mining plan for 30days of 50 TH/s cloud mining
a 50% discount coupon for further purchases
The ability to monitor the operation of cloud mining on the 3d-party mining pool website of your choice (ViaBTC, BTC.com, f2pool)
Feeling the security of your investment, since Bitdeer is a highly trusted sharing service platform of digital asset mining machines, news publications about which can be found on such websites as: Bloomberg, Yahoo, Cointelegraph, Forbes, Nasdaq, CNN and even Bitcoin.com
Stay away from scam projects, I wish you a profitable investment and the right decisions!