Welcome to my Hashshiny review!
Looking to get started with Hashshiny? Then this article is for you.
First things first, I’m really happy for you that you’re willing to do your own research before joining any program as there are way too many online scams that can waste you a ton of time and money.
And this is the only way to stay away from scams and find the legitimate way to make money online!
Let me be completely honest with you, I’m not associated with Hashshiny in any form so I’m not here to sell anything to you.
So, if you’re doing research about is Hashshiny a scam or legit, rest assured that this is the right place.
In this review, I’m going to be giving you a thorough breakdown of Hashshiny and whether you should join this program.
Product Name: Hashshiny
Price: Free to Join
Overall Rank: 25 out of 100
Hashshiny is a cryptocurrency cloud mining platform that was founded in 2017, which is built in the light of becoming the entire cryptocurrency industry chain in the future and enabling people to start bitcoin mining without having to manage any bitcoin equipment.
As claimed in their website, there are already 396,024 people mining at Hashshiny, which is pretty impressive considering it’s only been in the market for 3 years.
What is Cloud Mining?
If you’re not yet acquainted with the mining process, there are 2 main types of bitcoin mining.
The first type is cloud mining, which is basically the process of renting mining hardware from other companies like Hashshiny without managing it and they’ll mine for you as a result.
This is probably best for someone who’re just getting started or with a tight budget to start earning bitcoins because cloud mining can avoid buying and maintaining expensive mining equipment by just paying the fees of your contract.
The second method is individual mining, which is to purchase your own Bitcoin mining machines, such as Rigs or Asics, from other mining companies and mine for yourself.
As you might imagine, this method would become increasingly expensive than cloud mining because the quality and quantity of hardware required to mine effectively rises corresponding to the volume of miners.
So if you’re interested in individual mining, you may have to spend thousands of dollars to purchase and maintain these machines.
Not just that, you’ll also need to due with a lot of things, including:
- Time on getting the equipment started to work
- A plenty of space
- Electrical energy cost
- Maintenance cost of the equipment
- Noise and excessive heat produced by the equipment
- Technical knowledge required to configure and maintain the hardware.
Despite the fact that having your own mining systems will have a higher profit than cloud mining, cloud mining seems to be a better choice provided that you don’t have much time for it but still want to earn some bitcoins passively.
How to Start Earning Money with Hashshiny?
It just takes a couple minutes to start making money with Hashshiny:
1. Register a free account at Hashshiny
2. Choose a mining plan that suits you and pay for it
3. Start receiving payout everyday on your wallet
As soon as you purchase the mining contract, the mining rigs will start generating bitcoins or alternative cryptocurrencies for you 24 / 7 automatically.
Currently, there are numerous mining plans where you can earn up to 6 different cryptocurrencies, including:
- Bitcoin (BTC) Cloud Mining 2 Year Contract = USD $0.45 per 10 GH / S (hash rate)
- Ethereum (ETH) Cloud Mining 2 Year Contract = USD $0.6 per 100 KH / S
- Dash (DASH) Cloud Mining 2 Year Contract = USD $0.5 per 100 MH / S
- Litecoin (LTC) Cloud Mining 2 Year Contract = USD $0.65 per 1 MH / S
- Zcash (ZEC) Cloud Mining 2 Year Contract = USD $0.25 per 10 SOL / S
- Decred (DCR) Cloud Mining 2 Year Contract = USD $0.40 per 10 GH / S
Hash rate is the speed of the processing power of the computer operating in the Bitcoin code.
Basically, the greater your hash rate are, the more Bitcoin you’ll be able to mine.
There’s a mining calculator that can show you the expected profit based on the current value of cryptocurrency as well as mining hash rate.
Personally, I would not take this calculation seriously simply because there are too much unpredictable factors that can affect the price of bitcoin. Besides, the maintenance fee will not be calculated so it won’t be able to estimate the expected income accurately.
Apart from cloud mining, you can also earn bitcoin by joining their referral programme.
Basically, it takes 3 steps to get started:
1. Sign up an account on their website and get your own referral link.
2. Share information about their company and invite new users on your website or social media platforms.
3. When a new user signs up to Hashshiny through your referral link, you receive 10% commission of their purchase lifetime.
The Good & the Bad
1. 30-day Money-back Guarantee
If you’re not happy with the contract after you’ve purchased, you can contact the support team and receive a 50% refund of your mining contract within 30 days.
However, if the amount of cryptocurrency paid to you exceed the contract price, you will not be able to ask for any refund.
2. 24 / 7 / 365 monitoring
All equipment performance are monitored online in 24 hours a day, 7 days a week, and 365 a year by professionals so that you won’t be needed to take care of the maintenance.
3. A Legit Company
Hashshiny is a real company that has more than 15,000 Asicsminer, GPU rigs continuously working with their own data centres that are located in Inner Mongolia & Sichuan, China.
To show that they’re not a fake cryptocurrency company that doesn’t exist, here’s a photo of their data centre location provided on their website:
4. Daily Payouts
Newly-mined cryptocurrency is transferred to your account balance every 24 hours. You can withdraw your cryptocurrency at any moment.
1. High Risk
The uncertainty of cryptocurrency price especially bitcoin has increased the risk of bitcoin mining because their price may vary a lot in just a short period of time, meaning that you can easily lose a lot of money when investing in bitcoin.
In fact, it would be better off for you to avoid these kinds of high-risk businesses related to bitcoin.
2. Low Earning Potential
To be transparent with you, you’re not going to make a considerable amount of money with cloud mining. This is because the bitcoin mining is a highly competitive industry and it’s only getting more saturated and difficult to earn bitcoin with the advanced mining machines along with the growing number of miners.
Who is Hashshiny for?
Hashshiny is mainly designed for people who would like to get started with bitcoin mining but don’t have a mining hardware.
If that’s the case, you may probably benefit from it as you can rent mining hardware and start earning bitcoins.
However, before you register at their website or even buy a contract, you should be aware that there are other legitimate ways on the internet where you can earn consistent income that are much less of a risk.
So if you’re interested in finding a better alternative to bitcoin mining, one of the best ways to earn money online in my opinion is AFFILIATE MARKETING.
What is Affiliate Marketing?
Affiliate marketing it is a process of promoting other peoples’ products and earn commissions when someone purchases them via your affiliate links. The reason why it’s better than cryptocurrency mining is that you can start your own online business with just 2 things:
1. A Laptop / A Smartphone
2. Internet Connection
Once you’ve built your own profitable affiliate marketing system, you’ll be able to start earning consistent passive income on autopilot.
You DON’T EVEN NEED a couple hundred dollars to get started!
Here’s a simple diagram explaining the process:
Like I’ve mentioned before, mining depends on a variety of factors that no one can predict, such as the cost and difficulty of mining, the price of cryptocurrencies, and so much more, whereas for affiliate marketing, the ONLY factor that can determine whether your business will be successful is YOURSELF.
Let’s face it, there’s isn’t any way on the internet that you can get rich quick without taking any action.
However, I can assure you that affiliate marketing is hands down the most profitable way to make money online that ANYONE can succeed as long as you’re willing to work hard consistently.
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Hashshiny at a Glance
Product Name: Hashshiny
Price: Free to Join
Overall Rank: 25 out of 100
VERDICT: NOT LEGIT
Is Hashshiny a Scam?
No, Hashshiny is a reliable company where you can start earning daily bitcoin without managing any mining hardware.
However, keep in mind that if you’re looking to make an extra income online with a little risk, bitcoin mining is definitely not something you should consider simply because bitcoin investment is too risky and unpredictable.
My point is that if you really want to make a full-time income online, these types of mining businesses are just too inconsistent and they’re not going to work for you.
So, my advice for you is to start affiliate marketing.
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