Hostmine Ltd – Scamming Consumers Using Fake Reviews
Hostmine Ltd is a provider of crypto mining equipment. They also provide hosting services. The owner of this company is Aswhin Abu.
This company has received a ton of complaints from its customers and uses fake reviews to distract potential clients.
In the following review, I will shed some light on how this company operates and why you should avoid dealing with them:
About Hostmine Ltd: Aswin Abu, Ablawin Trading Company Ltd and More
Hostmine Ltd. is a mining equipment dealer based in Salford, England. The company’s address is 671 Eccles New Rd, Manchester M50 1AY, UK and its contact number is 161 246 9970.
The company sells and offers crypto mining equipment on rent. It also offers hosted crypto mining rigs for Bitcoin, Ethereum as well as alt coins.
The CEO of the company is Ashwin Abu who doesn’t have any prior experience in the crypto industry apart from doing an internship in an automobile company for 3 months.
Ashwin Abu is a graduate of Lancaster University with a degree in Mechanical Engineering.
On paper, Hostmine Ltd. seems like a reliable mining services provider. However, the company has received a plethora of complaints from disgruntled customers.
Why You Should Not Buy from Hostmine Ltd:
The company sells ASIC miners, hosting services as well as mining accessories. Customers can also buy graphic cards and AntBoxes here.
However, buying from this company might not be a good idea. The store urges you to buy the best performing ASIC miners which include Innosilicon A10 Pro and Antminer S19 Pro.
Moreover, the store offers Bitcoin mining and Ethereum mining equipment. I checked out some of the brands listed under their ‘Bitcoin mining’ section and found that all of them were way overpriced.
You should avoid buying such overpriced products. It would be better to go to a local store which follows the industry pricing standards.
Although Hostmine Ltd claims to offer several brands, most of them are useless for the average miner.
Some of these brands include:
And several others.
Take the Aisen miner for example. Hostmine Ltd claims it is among the best performing miners in the industry but the reality is, it doesn’t yield any profit. In fact, the Aisen miner yields terrible losses.
Even though the Aisen miner makes losses, Hostmine Ltd presents it as a profitable product.
Also, I have suspicion that Aswhin Abu’s company doesn’t even bother telling its buyers that it doesn’t have the ordered miner available. Instead, it uses the money for its personal profit.
Moreover, it seems more profitable for Hostmine Ltd to enhance its own mining processes. It can manage the expenses of its mining activities through the buyers of useless mining equipment.
Additional Highlights of Hostmine Ltd:
If you’d look up the affiliates Hostmine Ltd in the UK, you wouldn’t find any professional affiliates. Why?
Because most of them know that the store isn’t reliable.
Those who choose to affiliate with this place end up becoming the scapegoat as the victims start pointing their fingers at them.
After all, if you convince someone to buy mining equipment from a particular store and the product turns out to be faulty, the buyer would blame you first.
Many customers have requested refunds and it seems like Hostmine Ltd isn’t keen to issue any.
It wouldn’t surprise anyone if a class action lawsuit is filed against Hostmine Ltd and Ashwin Abu.
Hence, Becoming an affiliate of this online store can be extremely dangerous. It can land you in jail.
Also, the company offers Altcoin mining machines which include iPollo and Goldshell. If you buy 3 iPollo miners only then would you make a profit of $10 in the current market.
Also, some customer complaints indicate that Hostmine Ltd sells moldy packages. Some of the miners might even have rust.
Furthermore, complaints indicate that Ashwin Abu’s company doesn’t have a good customer service system in place.
Below are some of the numerous complaints this company has received:
Hostmine Ltd Reviews: What Their Customers Say:
“Hostmine Ltd is a Scam”
Ruben says that Hostmine Ltd is a scam. She claims that the company doesn’t know anything about doing business. Furthermore, the miners they sell aren’t even available in the market. Also, the company doesn’t share any images of the datacenter.
Due to these reasons, Ruben doesn’t recommend doing business with them.
Hostmine Ltd Sent the Wrong Product and when the Customer Complained They Started Lying
Simon shares that he had bought S19 Pro 110 T/h and he received S19 95 T/h instead.
When he complained, the company refused to do anything. Note that the miner Simon had ordered was way more costly than the one Hostmine delivered to him.
Furthermore, the company posted a fake response to his complaint. Simon says the company is lying about how they handled the situation to look good.
Hostmine Ltd Sent a Faulty Miner and Refused to Accept a Return
Sebastian points out that he had a terrible experience with this company. He bought Aladdin L2 on 4th March 2021. However, the miner isn’t running.
The company claims that they checked the product before shipping it but Sebastian doesn’t believe them.
He wants to return the product but the company doesn’t accept his request.
Suspicious Fake Reviews of Hostmine Ltd:
When you visit the profile of Hostmine Ltd, you’d see a plethora of 5-star reviews. However, it seems most of the 5-star reviews on this business are fake.
A lot of the company’s reviews were posted on March 31st 2021. And all of these reviews are from India.
Furthermore, none of these reviews share any details about their experience with the company. They are extremely vague.
Obviously, Hostmine Ltd is using fake reviews to promote itself. This is highly unethical and suggests that the company is trying to hide something from potential customers.
Posting fake reviews is a rather common tactic among online scammers. Another company that uses this tactic is PointPay.
This means you can’t trust the 5-star reviews you see on this company’s pages. Most of them are fake.
After going through the above points, it’s clear that Ashwin Abu doesn’t care about his customers. Hostmine Ltd is a shady enterprise which focuses on taking advantage of naive investors.
The company posts fake reviews to seem credible and has received a plethora of complaints from actual customers.
It would be best for you to avoid dealing with them and find someone else.
Hostmine Ltd uses fake reviews to seem more credible than it is. The company has received numerous complaints for delivering faulty mining equipment and doesn’t hesitate to lie about the availability of products. It would be best for you to avoid dealing with them.
- Received too many complaints
- Uses fake reviews
- Doesn’t resolve customer disputes