Exabit (exabit.co) was a short-lived cloud-mining pitch from January 2021: sign up for a welcome hash-rate bonus (often advertised as 50 GH/s), buy more power, boost the account with social posts and referrals. HYIP monitors later logged a start around 17 January 2021 and an archive “scam” status by the end of March — roughly 73 days of life.
Promotion ran through referral links on blogs and YouTube “payment proof” clips, plus a burst of glowing Trustpilot-style reviews that, according to later posters, were rewarded with extra hash power. That incentive alone should make praise worthless. Within weeks, public complaints shifted to pending withdrawals and unpaid balances; some users said the site nudged them to leave five-star reviews while payouts stalled.
Cloud mining can be a real industry product — expensive, thin-margin, boring. Free hash, daily satoshi fairy tales and “earn more by recruiting” are a different animal: a HYIP funnel with a mining skin. If a new clone offers the same welcome bonus and bounty board, assume the exit is the same. Do not fund “acceleration” packs to chase a pending withdrawal.
If this already cost you money, start at Get help. Paid “recovery miners” after a dead site: Fake recovery.
This article is for general information only. It is not legal or financial advice. Details change. If you have lost money, contact your bank or card issuer and use the routes on the help pages.