From what I could find on the web, HashNest was founded in 2013 by Bitmain, and they were probably one of the few legit cloud mining platforms. Otherwise, I doubt they would have survived so long in the market. It is unfortunate that their government has decided to ban mining in China, but I do not think it is HashNest's fault.

According to their announcements, termination of agreements and redemptions have been open since August last year.
https://support.hashnest.com/hc/en-us/articles/4404299214105-Announcement-183-Termination-of-Agreements-and-Redemption-Open-

OP, why have you waited so long? You should have sold your shares by now.

This should have been an immediate red flag, but I am sure even after realising this investors could do nothing to salvage the rest of the assets spent on mining contracts there.

Cloud mining sites are always going to scam its investors, this is a fact and this should be understood by every user here. Whether someone supports them or not, is a personal choice, does not mean that the project is going to turn legit.

If the people behind the scam can be identified. But let me remind you that this is not the first cloud mining scam and very few have actually been caught in real after extensive legal work.

Be careful of fake people trying to collect money in the name of legal proceedings for this scam - they might themselves be scamming you. Only do this if the group is known to you in real life. This type of "scamming the scammed person" scam has also been common among the victims of cloud mining scams.

Such a huge amount to "invest" on to a cloud mining site even if it were legit. I doubt if you would make that much returns while risking all that amount. A better way would have been buying some good GPUs and then mine some Ethereum or other profitable coins during that time.I am sure you woulkd have made a kill.

Is there any proof or article to show that hashnet was sold off by Bitmain? I don't seem to see any information

Considering the price of BTC this is a good amount you lost.
I have seen many fake websites to use the name of Bitmain and later they were caught as scammers. Not really sure what happen in your case that if indeed they were owned by Bitmain. I am wondering why would Bitmain would need a cloud mining business at all?

Is 0.5 BTC that you invested with them or is the profits that I got? If profits are impossible to obtain with cloud mining, which means that you have been scammed, but if you had invested in them, this money was enough for you to buy some mining hardware at the present time.

Anyway they have a long scam reports here ---> https://www.trustpilot.com/review/www.hashnest.com so it seems a legitimate company in the past that turned into scammers

This is a very serious issue. I Don't know why Scammers used different approach and methods to Target their victims and they (victims) fall well anytime when Scammers lunch a site.

There is always a way to force them pay you back but just that process is cumbersome which might lose money the more again. There are procedures to follow.
1. Economic and Financial Crime Commission. Meet this agency in your country or State or Province and give the complain. Although Countries are differs, they might collect money from you to start the tracking. And you have to give this agency every Necessary information about the site.
2. If you know their physical office, you can go there with police and make some arrest.
I am really sorry for what happened. Scamming now has come to stay with us in the society, so it is our duty to be careful and vigilant to the kind of site we invest our money. That is why I always ask questions now before investing.

That is big capital you lost there. 0.5 btc is over $20,000 at the current price and it is not funny losing that kind of money. When I read that people invest that big online i feel they are taking unnecessary risks because that amount can be easily lost and that is what we have seen here too.


That is the problem and that makes it look like victims do not want to go on chasing those who scam them. They do not want to waste money or be scammed again by those who will promise to help them catch the scammers but in true sense of it are only after their money too.

For the first time I heard about them if my memory is correct. It seems to me a cloud mining platform, am I wrong? If someone is really into mining then just buy hardware and assemble them. These days we do not hear about many cloud mining platforms but few years ago those scammers were very active.

Anyway, whatever it is, how much did you lose?

Everything has a price. Consider this as the experience you bought.

Since Hashnest ignores my Email requests my lawyer will initiate a law suit in the next days...I don't accept the very low compensation.

it was a reply from a question about status.
The response says they will buy back hash rate, not ship machines.

For those who have not upgraded their S15 or 55W hashrates to S19 hashrates, here’s your last chance to do so.

1. Every 6TH S15 can exchange 1TH/s S19 hashrate. Less than 6TH, you can exchange 1TH/s S15 to 3 USDT or 4.5 Lucky Coins.

2. Every 4TH 55W can exchange 1TH/s S19 hashrate. Less than 4TH, you can exchange 1TH/s 55W to 5 USDT or 7 Lucky Coins.

One Lucky Coin equals one USDT. You can use Lucky Coins to buy all mining contracts from our shop, Electricity Prepaid Card (kWH) or lucky number in our Lucky.app.

Redeem S19 hashrates
Please use your account email address to contact us by writing an email to support@hashnest.com and provide below information for a quicker assistance

Hashnest account: xxxx@xxxx

Type: BTC55W/AntS15

Hashrates: XX TH

Exchange: XX Luck Coins / XXTH AntS19

We are opening our hashrate redemption until 20 Nov 2020, 2355 HR(GMT+8). Don't miss out!

RX590 8G card is coming!
Algorithm: Ethash
Hashrates: 31MH/s
Power consumption: 160W

Three reasons why you want to consider using GPU for mining Eth.
1. Ethereum’s network hashrate would not skyrocket like BTC's hashrate, cause the production capacity is limited and controlled by two chip suppliers.
2. The residual value of GPU is high. Generally, the residual value can reach 30-40% after 1-2 years of using.
3. GPU consumes less power than BTC ASIC miners. It's good time to add ETH rigs in dry season.

GPU RX590 is selling fast, buy now: https://www.hashnest.com/hash/shopitem?hc_id=65