Editor’s Note: We’re bringing down our original Microhash post. Why? It’s a scam.

We told you about it over the weekend, and we’ll keep up the information we had at the end of our post…which is this:

A Highly Asterisked Endorsement

As with everything in this crypto space, with Bitcoin, with all of the surrounding currencies, and with all of the surrounding businesses, we strongly encourage you to…

• Do Your Own Research.
• Seek Legal advice.
• Talk to financial advisors.
• Be sure to have a tax person at the ready.

Thus, our endorsement comes with asterisks:

• With any and everything on this site – you don’t hold us responsible for gains or losses.
• This is not to be considered investment advice.
• Past performance is not indicative of future results.
• Only invest that which you can afford to lose.

What Happened?

#Crypto Twitter is abuzz with the fact that the Microhash website appears to redirect to Bitpetite – that’s what happened to us – and that all hashing power and mining platforms appear to be lost. In other words…sayonara.

This is not a tremendous surprise: 10% added in BTC to your account each day doesn’t seem sustainable, unless they have some sort of really interesting edge. They don’t appear to have one.

Meanwhile, if it is redirecting to Bitpetite, and if there is a connection between the two sites, that might begin a “run on the bank” at Bitpetite, too. We’ll watch that. We’ve pulled down our affiliate link for Bitpetite from last week.

$20 Worth of Egg On My Face

I mentioned last week that this stuff is an experiment – and I stand by that, as well as the warnings issued above. Note that I’m out twenty bucks of cash, maybe a little more in spare BTC here and there that was pooled and sent over to the Microhash account. I’ll live.

What About the Other Passive Income Platforms?

We’ll point you to our post from last week – Passive Income is still the most popular one we’ve run – and we promise to keep as up to date as possible on the developments with those sites. (We’re keeping the affiliate links active for those sites; rest assured that we will yank down any affiliate links at the first sign of a problem.)

AND we cannot stress this enough:

• Do Your Own Research
• Use these sites – and ours – at your own risk
• Don’t invest more than you can afford to lose
• Seek professional, legal, and other assistance.