You're Reading:GigaHashBit – Bitcoin Mining, Latest Algorithms | Too Good to be True

GigaHashBit – Bitcoin Mining, Latest Algorithms | Too Good to be True

by Tasos


Apr 20, 2017



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Another recently launched investing platform is under the microscope today. This program is different in the details but overall it seems like a HYIP promising too much. In most cases too good to be true programs are fraudulent and after a few short months disappear from the market.

Here the concept is that the company rents bitcoin mining equipment for you to use without having to know anything technical. They take care of the remaining expenses like repairs and maintenance and you make a profit while you sleep. Sounds like a lucrative opportunity?…Let’s dive deep…




Inside GigaHashBit




The homepage is a little overwhelming for visitors eyes. We are above the clouds surrounded by blurred mining equipment. They say…

  • Investing perspective
  • An opportunity to earn money by extracting bitcoins
  • The company owns huge amount of expensive and very powerful servers, which can produce cryptocurrency very quickly.
  • Using cloud based mining, you can constantly receive high profits.


Statistics shown

  • Days online 61
  • Miners 5159
  • Sold power $970,000+
  • Withdrawn $251,000+


About Page

Giga Hash Bit started operations back in 2014, consisted of 5 people with 20 machines and 6 video cards of total capacity 6000 MHz. Gradually they expanded the farm with new equipment, ASIC miners. These machines were able to calculate the SHA-256 hashes very quickly for the high power extraction of Bitcoin. They were in 1000 to 10000 times faster than ordinary video cards.

At the end of the 2016, the company has completely passed to ASIC devices, and the older video cards were sold, having returned the small part of their value. The farm was equipped with modern techniques and two-level cooling for long term use.


Why they are the best

The company develops the system step by step, constantly improving, expanding. Now the facilities rental is very cheap. The unique design of the farm, the quality of the equipment and a two-tier cooling will spend a minimum of electricity for maintenance. Continuous grwoth of the capacity and monitoring. This is why they can pay high interest rates.


Impressive story.!.What am I waiting for?



  • User friendly interface
  • Simple registration
  • Continuous control
  • Financial accessibility
  • Registered company
  • 24/7 support
  • DDoS protection, SSL encryption
  • Latest algorithms to extract maximum profit


The service

  • The company leases high tech secure servers that mine bitcoins.  The number of cryptocurrency users receive over a given period depends on the power they lease. You don’t have to buy expensive equipment or to pay for huge repair services.
  • They provide a variety of contracts which differ by lease duration and level of profitability. The contract provides a cloud of the power you rent, and the income from bitcoin mining by selected cloud will be your daily profit.
  • The technical department of the company developed a special system, which allows each tenant to get the maximum profit for selected cloud opportunities. The company is not asking for any money from tenants as concerns the maintenance of equipment, electricity and internet connection.
  • Renting the serves is not only a good opportunity to earn money, but also to learn more about the cryptographic wave, global trends and bitcoin development.


Investment Packages


  • GHs-1, $10, 3.5% ROI daily, 500 – 24950 GHs, profit per day $0.35, profit after 43 days $15.05
  • GHs-2, $500, 3.7% ROI daily, 25,000 – 49950 GHs, profit per day $18.50, profit after 43 days $795.50
  • GHs-3, $1000, 4.5% ROI daily, 50,000 – 99950 GHs, profit per day $45, profit after 43 days $1935
  • GHs-4, $150, 7500 – 250000 GHs, profit after 20 days $1335
  • GHs-5, $50, 2500 – 250000 GHs, profit after 43 days $605


Affiliate Program

Up to 9% commissions on direct referrals purchases


Payment Processors

Perfect Money, Payeer, AdvCash, bitcoin


FAQ – Terms – Important

  • Only 1 account is allowed
  • You can deposit as many times as you want



This opens in a new url gigahashbit.ltd. There are posts and payment proofs. But with bitcoin payments is very hard to know which screenshots are original.


Registration – Legal Docs

Companies house number SC557819, incorporated on 16 February 2017, 272 Bath Street, Glasgow, Scotland, G2 4JR, the name Bradly Snix appears as officer, +441416287077


Owners – Domain

With the help of the whois database I uncover the registration date for the domain gigahashbit.com, 08 February 2017. The owners as usually are hiding from the public using privacy protection.



And this is the point where another HYIP has nothing more to present







Final Words



Are you conviced that we deal with professionals?…Because I am not.


First of all the domain was registered privately and this is a top reason for wanna be ivestors to stay away. I am not investing in non transparent companies, they have something to hide.


The history of the company sounds totally fake. If they had been operating since 2014 as they claim then an online search would reveal relevant information. Moreover online searches for the terms “Bradly Snix Investor”, “Bradly Snix Cryptocurrency” and “Bradly Snix Bitcoin” return no relevant results.

Who is the mysterious Bradly Snix appearing as officer in the companies house listings?


More importantly.!!…Who are the real owners?…why they don’t just share their personal photos?…Where are the equipment images?…where are the facilities?…


The search for the address reveals that this is a virtual one used by numerous companies. This is where they mine bitcoins?


I was expecting to find extensive information about bitcoins and mining equipments. What about the algorithms that use latest technologies for maximum profits?.,.,.And with a company running a forum I was waiting for a huge blog department. But there is not even an article published on that URL. How can we verify that we deal with experts?…No way.


The daily and final ROIs are very high and therefore this is another reason to stay skeptical. Any program promising more than 10% yearly is very risky.


If I had to guess again I would say that this is another Ponzi system. One that uses affiliates as the only income source. Newly recruited members paying off existing investors. But when recruitment slows down, no new money rolling in, no ROIs are delivered.

Be very careful as these programs tend to follow shady tactics to pay their members. They might pay at the beginning as new affliates are being recruited, but if you make a huge deposit you risk in losing it all. Those programs may shut down in the middle of the night without any prior notice. In over 99% of the programs only the owners and a couple of friends are making money. The vast majority of participants take a loss.


Just to be sure I would stay away to monitor other peoples progress. If this is a company for the long term you can invest in a year from now. Bitcoin is going nowhere. In the meantime with bitcoin price continuously rising there is no need to do anything more than have bitcoins in your e-wallet.










How to Make Money Online Away from HYIP Risks



Hunting down risky programs like GigaHashBit won’t let you go far. But if you are looking for ways to create stable income for the years to come then the most newbie friendly online business model is what we call mini niche affiliate websites.

Long term potential, no risks, minimum startup costs, endless opportunities.


Top Places to Get Affiliate Marketing Help





That’s it, another review has finished, here on Web Market Support. I am waiting for your comments and thoughts. Till next time, your online partner.












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