Mutual Hash pretends to be a cloud mining service. This means that you pay them for mining power and get the rewards from crypto mining that allegedly takes place.
There are four investment plans with up to 12% par day, meaning 44% net after 12 days, which is roughly 110% per month.
Is this a real opportunity to double your money every month?
Mutual Hash scam
How do we know it? Because 110% per month is impossible in crypto mining, especially in cloud mining where both the service provider and the client have to make money.
Prices of cryptocurrencies are low, mining difficulty is relatively high, which makes profits very hard. Real cloud mining services are even shutting down because of the current unfavorable market conditions, see for example HashFlare.
This means that anybody promising you 110% in cloud mining is a scammer, there is no other way.
The Mutual Hash registration shows that the company is just 6 months old with no history. What’s more important, it lacks the FCA authorization to provide investment services, which is a necessary thing. This makes Mutual Hash an illegal service.
How it really works
Mutual Hash is a Ponzi scheme. This means that it is using new deposits to pay withdrawals until the system collapses, which it certainly will, it is only a matter of time.
Ponzi schemes always collapse, the only question is when. So, don’t put your money into it, it can by shut down any time.
Mutual Hash is a scam, it is going to collapse, we just don’t know when. Stay away from it.
Forget about making money in cloud mining, nowadays it is almost impossible. You can try crypto trading instead, see on a free demo account how it works.
But remember that in trading you can both make and lose money, so be careful.