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Powerhouse Mining – Worth a go

I was referred to Powerhouse Mining by one of my Wealthy Affiliate friends. The WHOIS results tell me nothing, but the domain was registered from July 7th this year (which isn’t a long time!!).

They don’t give away free hash power which actually is a positive thing. I’ve invested some Bitcoin into it and I’ve chosen ALTCOIN mining to start with but I will diversify in the future.

Shockingly I’ve updated this post since I wrote it. Make sure you are sitting down. But this actually looks genuine. There are quite a few people on Youtube showing investments into this. I have to admit to really swinging from “what the hell is this?” to being satisfied that it’s worth testing out.

Although the site design is pretty unprofessional in its looks the systems behind it seem solid and the openness of the owners to be on live video feeds is reassuring.

Here’s just one video I found on youtube.

Darren has even made his Facebook public plus there is a very active Facebook group.

They are using a combination of bulk buying from cloud companies and their own mining rigs, which is fine, so they have a scalable capacity.

I think the honesty and openness of the videos compared to the scams I’ve seen is very reassuring. So I’ll see how it goes, but as always, BUYER BEWARE. Make your own evaluations! If you invest, do it at your own risk. But at least with this, you can talk to the people running it through Facebook.

There is talk as well of trading investment plans as well in the videos which will be very very interesting.

I have to say it I’m quite excited about this one! BUT invest AT YOUR OWN RISK and do your OWN DUE DILIGENCE. only invest what you can afford to lose.

Update 27th October

The site is offline at the moment as explained in THIS video.

I’ll post an update again when it’s back online! 🙂 If you want to be notified just like our FACEBOOK PAGE and you’ll get notified.

Power house back online! With a new look! 🙂

 

 

8 Comments

  1. Rose from WARose from WA October 24, 2017

    Hi Paul

    Thanks a bunch for looking into this. It’s very reassuring. When I mentioned it to you earlier, I wasn’t really sure what I was getting into. If you feel excited about this company, then maybe it’s worth sticking with it to see what direction it takes.

    • Paul CPaul C Post author | October 24, 2017

      No worries Rose 🙂 Glad to be of service, I’ll be interested to see how it goes! But I’ve not put a lot of BTC in just being part of it for a time – I’ll build it up and see how it goes but it looks genuine.

  2. marvzmarvz December 3, 2017

    Thanks paul ill try this one too 🙂

    • Paul CPaul C Post author | December 4, 2017

      No problems. Don’t forget only invest what you can afford to lose. 🙂

  3. Kevin BryanKevin Bryan December 19, 2017

    Very good written article. It will be supportive to anyone who utilizes it, including me. Keep doing

    • Paul CPaul C Post author | December 21, 2017

      Thank you Kevin 🙂

  4. joe bloggsjoe bloggs January 17, 2018

    I’m guessing all of your contracts have been stopped ILLEGALLY. and transferred over to their own coin by now. REPORT FRAUD!

    • UK Bitcoinblog.comUK Bitcoinblog.com Post author | January 17, 2018

      Hi Joe (I think your real name is Lindsey).

      I still have active mining contracts with Powerhouse. I also have some coin with them but to be honest I”ve only ever put $30 USD into it. I didn’t agree with the practice of shutting down mining contracts and turning them into Polaris Coin. Although I understand why the did it, it’s like buying a car and then someone saying they’ll give you a van instead when it stops working.

      As I always say – Let the buyer beware. I am still amazed that Darren and the other people running POwerhouse are available on Facebook for chat etc, this is completely unique. The coins are now in the Etherium blockchain and I’ll be interested to see how they go.

      On reporting Fraud I have reported a number of sites but the UK government is simply not interested as they are based on Bitcoin/Crypto and often hosted in far off places.

      Paul.

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