6th June 2016: Scam – DO NOT INVEST!
Bit-Hash is a company involved in speculative bitcoin investment through a product called “bit-hash-special”. I must admit, I read the description twice and am still confused. Regardless, Bit-Hash is a promising HYIP with one unique feature that may see it go the distance.
There are three plans to choose from based on how much you invest. I won’t bother with the higher plans of 2.64% and 2.88%, but the basic plan is 2.4% daily for deposits up to 1.5 BTC which is more than enough. Your principal is not included in this and can be released at any time for a fee which varies depending on the length of time you invest. See following table for fees.
|Days of active investment||Termination fee|
|Up to 30||30%|
So, as you can see, the longer you invest the lower the termination fee is. This is the main reason I feel that Bit-Hash will run for a reasonable amount of time as this fee structure can create more investor loyalty. However, keep in mind that this is a HYIP, and loyalty doesn’t mean a thing, but it is a sign of admin trying to control investment length.
The site is bitcoin only and the minimum deposit is 0.001 BTC. The minimum withdrawal is 0.0001 BTC and there are no other fees associated when doing so. Profits are calculated hourly so you will see your balance increase quickly.
The website is usable, but it is very messy and quite distracting. It is easy enough to navigate and all the information is available before logging in which is a nice touch and seems to be a bit more common nowadays. The members section carries on the messy theme but it is clear and concise.
To get started, first you need to sign up with and email address and you will be sent unique user and password details. From there, you can log in, deposit some bitcoin, and you will begin earning every hour. As for most HYIPs, compounding is available up to 100%, which means your deposit will grow at the 2.4% daily rate rather than your account balance.
Overall, I rate Bit-Hash average as the site is a little nasty. However, I do like the 2.4% daily with principal release type of HYIP which can be very rewarding if you get in early. The uptake in the HYIP community seems moderate and it’s reputation is growing at a reasonable rate. I was initially split on the risk assessment for Bit-Hash but ended up on the lower side due to the termination fees, and the type of plans available. An investment of 5 to 10% of your total investment portfolio should be OK.
As always, follow my progress of all HYIPs on my bitcoin HYIP monitor, and remember to not invest bitcoin you can’t afford to lose.