Hashing24 is one of the oldest names in Bitcoin cloud mining. It says it has been operating since 2012, is the official partner of Bitfury, and has served more than half a million clients. People still search for reviews of it every week, usually with one of two questions: is it still running? and does it actually pay?
We checked both on 26 September 2026 by loading the site, reading its own FAQ and terms, and running its contract prices against the current Bitcoin hashprice. The short version: it is still online, it looks largely unmaintained, and at today's numbers its contracts cannot return what they cost.
The verdict in one table
| Question | Answer (26 Sep 2026) |
|---|---|
| Is the site online? | Yes, from Europe. From the US it redirects to a "not available" page, because it does not serve US residents. |
| Is it actively maintained? | Doubtful. The homepage still says "Stay ahead of difficulty decreases in 2024", and a halving countdown shows 10 days left for a halving that is about 19 months away. |
| Who operates it? | LIVIKA LP, a limited partnership registered in Dublin, Ireland (registration LP1755), according to the site. |
| Can you buy a new contract directly? | Not obviously. The "Prices" link now leads to its Trading Room, a marketplace for reselling existing contracts. |
| Does a contract pay back at today's hashprice? | No. A 12-month contract at its last published price recovers about 31% of its cost if hashprice stays flat. |
| Trustpilot | 2.5 out of 5 from 70 reviews. New reviews are disabled. |
Is Hashing24 still operating?
This is the question most people arrive with, and the confusion is understandable. Several review sites and data tools now report Hashing24 as closed. Trustpilot's page says reviews are no longer possible because the company's website has closed, and web-traffic estimates showed only a few hundred visits in September.
But the site loads normally from a European connection. On 26 September it showed a live Bitcoin price of $83,915 and the current network difficulty of 132.76 T. The login, withdrawal instructions and FAQ were all present. What visitors from the United States see is a redirect to hashing24.com/not_available, because the footer states plainly that Hashing24 "does not provide services for the USA residents". Any crawler or reviewer based in the US will conclude the site is gone. It is not gone; it is geo-blocked.
What it does look like is a site nobody is updating:
- The homepage headline advertises beating "difficulty decreases in 2024".
- A banner counts down "10 days" to the halving. The next Bitcoin halving is expected around April 2028.
- The "Prices" page redirects to the Trading Room, where customers buy and sell existing contracts, rather than to a list of new plans.
A BitcoinTalk thread from October 2025 asked the same question. A customer with a 2018 contract reported being able to log in and withdraw, but not to reach support. That matches what the site itself suggests: the platform still runs, and the business around it has largely gone quiet.
Who is behind it
The site names its operator as LIVIKA LP, 6 Fern Road, Sandyford, Dublin, registration number LP1755, with a Dublin phone number. Other public claims:
- "Operating since 2012." The hashing24.com domain was registered in April 2016, so the 2012 date presumably refers to an earlier business.
- "The one and only official partner of Bitfury." Hashing24 says it resells Bitfury hashpower from data centres in Canada, Norway, Iceland and Georgia. We found no public statement from Bitfury confirming a current partnership.
- Wattum as "hash power supplier". The homepage also names the US mining-hardware and hosting company Wattum as its supplier, with sites in the US, Canada and Kazakhstan.
Trustpilot lists a different address, "Bath Street 272, G2 4JR, Ireland". G2 4JR is a Glasgow postcode. It is probably a data-entry error, but it is the kind of inconsistency worth noticing on a platform you are sending money to.
The numbers on its own site don't agree
Hashing24 publishes several statistics about its scale. They are hard to reconcile with each other:
| Claim on hashing24.com | Value | Context |
|---|---|---|
| "Sold out 135 000 PH/s hashrate capacities" | 135 EH/s | About 14% of the entire Bitcoin network today, which would make it one of the largest miners on earth. |
| "Total volume of TH/s sold" | 360,051 TH/s (360 PH/s) | 375 times smaller than the claim above. |
| Data centres "boasting more than 200 PH/s" | 200 PH/s | About 0.02% of the network's roughly 946 EH/s. |
| Clients served | 553,322 (also "200,000+ users") | Two different figures on the same page. |
| BTC "mined & withdrawn by our clients" | 1,000+ BTC | Averages about 0.0018 BTC per client served over the company's life, roughly $150 at today's price. |
None of this proves anything improper. Stale marketing copy is common. But when a provider's own capacity figures differ by a factor of 375, you cannot use them to judge whether the hashrate you are paying for exists.
How a Hashing24 contract works
From the site's FAQ and calculator page:
- One-time payment buys a fixed amount of hashrate (in TH/s) for a fixed term. The site describes it as "not deposit": you do not get it back at the end of the contract.
- Maintenance fee: older Bitcoin contracts charged a daily fee, deducted from mined BTC and converted at the previous day's closing price. If your balance cannot cover the fee for three days, the contract is cancelled. The calculator page says current contracts carry no maintenance fee.
- Payouts are credited once a day for the previous day. The FAQ says the payout "is based on overall network hashrate, and 100% uptime is guaranteed". In other words, your earnings are calculated from a formula, not taken from a mining-pool account you can check yourself.
- Withdrawals: the minimum is 0.0007 BTC, processed the day after you request it. BitDegree (March 2026) reports a 0.0005 BTC withdrawal fee.
- Idle balances: BeInCrypto (December 2024) reports a storage fee of 0.0137% a day, about 5% a year, on balances held without an active contract for more than 30 days.
- Payment: card, bank transfer or crypto. A 4-week demo contract is available.
The formula-based payout is the structural point. With a hosted miner you point the machine at a pool of your choice, and the pool pays your own wallet, so you can verify every satoshi. With Hashing24 you are trusting that the number on your balance page corresponds to real hashrate. That is true of most cloud mining, and it is why our hosted vs cloud mining guide treats verifiability as the first test.
The maths: can a contract pay back?
Hashprice, the revenue one terahash earns per day, was $0.0409 on 21 September 2026 (Hashrate Index), with Bitcoin at about $84,000. Our hashprice explainer covers why that is the number to watch.
The last widely reported Hashing24 price was about $48.60 for 1 TH/s over 12 months (BeInCrypto, December 2024). An older listing on CryptoCompare shows a 24-month contract at about $132 per TH/s with a $0.03 per TH/day maintenance fee.
| Contract | Cost per TH/s | Earned over term (flat hashprice) | Recovered | Hashprice needed to break even |
|---|---|---|---|---|
| 12 months, no fee | $48.60 | $14.93 | 31% | $0.133/TH/day (3.3× today) |
| 24 months, $0.03/TH/day fee (legacy) | ~$132 | ~$8.00 | ~6% | ~$0.21/TH/day (5× today) |
Any 24-month contract bought now also runs through the April 2028 halving, which roughly halves revenue per terahash. And the legacy fee contract has a second problem: if hashprice ever falls below the $0.03 fee for three days, the contract is cancelled and the rest of your purchase is gone.
This is the classic cloud-mining failure mode, and Hashing24 is not unique in it. In 2018 Genesis Mining ended its open-ended contracts once they mined less than their maintenance fees. Trustpilot reviews of Hashing24 describe the same outcome at a smaller scale. One 2022 reviewer paid 0.00230 BTC for a 1.3 TH/s contract and got back 0.00220 BTC over its life. That is a loss even before counting what the BTC could have done if simply held.
What the same money does if you own the machine
The fair comparison is not cloud mining against doing nothing. It is cloud mining against buying hashrate outright and paying someone else to run it. Using a current air-cooled miner, the WhatsMiner M70S (226 TH/s, 13.9 J/TH), hosted at $0.06 per kWh:
| Per terahash | Hashing24 12-month contract | Own a hosted M70S |
|---|---|---|
| Up-front cost | $48.60 | ~$11.30 (machine price ÷ 226 TH) |
| Net earnings, year one (flat hashprice) | $14.93 | ~$7.62 after electricity |
| What you own at the end | Nothing | A working miner with resale value |
| Can you verify payouts? | No, formula-based | Yes, your pool, your wallet |
| If the provider disappears | You hold a claim | You hold serial-numbered hardware |
Per dollar spent, owning hashrate is about four times cheaper, and year-one earnings cover roughly two-thirds of the machine's cost rather than a third of a contract's. That gap is why we sell hardware and hosting rather than contracts. It is also why "cloud mining" searches that end in a purchase usually end badly. Our hosting price guide explains what a fair per-kWh rate includes, and the profitability ranking lists live estimates for every machine we stock.
What customers report
Hashing24's Trustpilot profile shows 2.5 out of 5 from 70 reviews. Roughly 47% are one-star and 39% five-star, with no new reviews in the past twelve months. The recurring complaints, which are user allegations rather than verified findings:
- total payouts below the contract price (2022 and 2023 reviews)
- calculator projections far above what was actually credited (2023)
- a new daily fee on idle balances (2024)
- support not answering, and a withdrawal that did not arrive (2024)
There is also a cluster of short five-star reviews from Latvian, Estonian and Ukrainian accounts in February and March 2024. We found no regulator warning naming Hashing24 and no media investigation into it.
The more immediate risk is clones. Look-alike domains include hashing24.in, hashing24.co.za, hashiing24.com, hashinq24.com and several "hashing24pro" sites. Hashing24 itself stated on Trustpilot in 2022 that hashing24.com is its only website. At least one reviewer described an escalating demand for "release fees" to unlock a withdrawal. That is the standard pattern of a fake clone, and it may explain some of the worst reviews. Our cloud mining scams guide walks through how those schemes work.
If you already have a Hashing24 contract
- Withdraw regularly. Once your balance passes the 0.0007 BTC minimum, move it to a wallet you control. That limits exposure to the idle-balance fee and to the platform itself.
- Check which fee plan you are on. On a legacy maintenance-fee contract, the 3-day cancellation rule means a low-hashprice week could end it.
- Don't top up. "Buy using balance" reinvests mined coins into more contract time at the same negative expected return.
- Consider the Trading Room. If someone will buy your remaining contract, that is the only way to exit early.
- Only use hashing24.com, and never pay a fee to "unlock" a withdrawal. That is a clone, not the real service.
Better ways to get Bitcoin mining exposure
- Own hardware, hosted. Buy a current miner such as the WhatsMiner M70 or Antminer S21 XP and host it on industrial power. Payouts go straight from your pool to your wallet. The beginner's guide covers where to start.
- Rent hashrate short-term on a marketplace when you want a temporary position without a multi-year lock-in. See our NiceHash alternatives.
- If you must use cloud mining, use a provider with audited disclosures. Our honest cloud mining ranking runs BitDeer, BitFuFu and ECOS through the same hashprice maths used here.
- Or simply buy Bitcoin. At a 31% recovery rate, holding the $48.60 as BTC beats the contract unless hashprice more than triples.
Hashing24 is not HashFlare. That operation was a $577 million Ponzi scheme whose founders pleaded guilty in 2025, and nothing we found suggests Hashing24 is anything similar. But whether a cloud provider is honest and whether its contracts make money are separate questions. At today's hashprice, the answer to the second one is no.