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HashShiny.io Review – Legit Cryptocurrency Mining?

HashShiny (HashShiny.io) presents their platform as a legitimate cryptocurrency cloud mining company.

Launched in July of 2018, HashShiny lacks crucial community feedback and appears to employ shady marketing tactics to appear more popular than they truly are.

To find out more regarding why we are urging investors to AVOID HashShiny, we invite you to read out factual and honest review.

What is HashShiny?

HashShiny_io_Reviews

HashShiny.io, referred to as HashShiny and HashShiny Cloud Mining 2.0, markets their site as a diverse cryptocurrency mining company that is beyond legitimate.

Right from the get go when we land at HashShiny, we are confronted with reassuring guarantees that HashShiny is the ‘faster, safer platform to mining Bitcoin!’

Allegedly, 75,318 crypto enthusiasts are actively mining through their platform while during the time of writing this review HashShiny offered 6 different mining contracts.

What we found curious would be how all of the contracts featured at HashShiny.io reflect 2 year contracts, yet according to a WHOIS report, HashShiny.io was only registered for one year and is set to expire in 4 month in July 2019.

Now why would a ‘legitimate’ cryptocurrency mining company only offer 2 year contracts, with full knowledge of doing so, and only register their site for one year?

Could it be possibly because HashShiny may not be legitimate? More on that below.

How does HashShiny.io Work?

HashShiny allegedly operates through a 7 step phase.

Phase 1

A member signs up.

Phase 2

A member invests into a HashShiny mining contracts.

Phase 3

The mining hardware will allegedly start to become operational.

Phase 4

Connect to various mining pools.

Phase 5

“Get rewarded” your Bitcoin, Ethereum, ZCash and Decred.

Phase 6

Transfer your cryptocurrencies to your account balance.

Phase 7

Withdraw to your digital wallet

HashShiny_How_It_Works

Mining Contracts

Now as we mentioned earlier, HashShiny.io currently offers 6 mining contracts which can be found below:

SHA-256 Cloud Mining

Cost: $0.6 per 10 GH/S

Asset: Bitcoin

Contract: 2 years

Hardware: Whatsminer M10

Maintenance Fee: 0.001 $ / 10 GH/s /day

Ethash Cloud Mining

Cost: $0.6 per 100 KH/s

Asset: Ethereum

Contract: 2 years

Hardware: GPU Rigs

Maintenance Fee: 0.0003 $ / 100 KH/s / day

X11 Hash Cloud Mining

Cost: $1.5 per 100 MH/s

Asset: Dash

Contract: 2 years

Hardware: Antminer D5

Maintenance Fee: 0.0015 $ / 100 MH/s / day

Scrypt Cloud Mining

Cost: $1.0 per MH/s

Asset: Litecoin

Contract: 2 years

Hardware: Antminer L3+

Maintenance Fee: 0.0012 $ / 1 MH/s / day

Equihash Cloud Mining

Cost: $0.6 per 10 SOL/s

Asset: Zcash

Contract: 2 years

Hardware: Antminer Z9

Maintenance Fee: 0.0005 $ / 10 SOL/s / day

Blake256R14 Cloud Mining

Cost: $1.0 per 10 GH/s

Asset: Decred (DCR)

Contract: 2 years

Hardware: Antminer DR5

Maintenance Fee: 0.001 $ / 10 GH/s / day

Supposedly, HashShiny uses several pools for mining such as antpool, f2pool, Poolin, beepool and Viabtc.

Withdrawals can be conducted every 24 hours while the currently accepted payment methods would be Credit Cards, PayPay, BTC, and more.

Last but not least, supposedly HashShiny’s mining data centers are located in Inner Mongolia & Sichuan, China.

HashShiny_Mining_Contracts

Who is Behind HashShiny.io?

According to HashShiny.io, HashShiny.io was founded at the end of 2016.

Allegedly they, “developed the world’s Top Cloud Mining Platform with the most advanced deployment technology, Offering 1.5% of the world’s BTC Hash Rate.”

On the About Company page, HashShiny states that most of their team are from, ‘top dotcom companies,’ although we are unable to verify these claims.

In addition, disclosed in the footer of HashShiny.io, would be the corporate entity Hash Blockchain Limited Co. HK, which is possibly based out of Hong Kong.

Unfortunately, we were unable to verify the legitimacy of this corporation.

Interestingly though, HashShiny.io makes no reference to Hash Blockchain Limited Co. in their Terms & Conditions and Privacy Policy which means they appear to be acting as their own entity.

The only way to touch base with HashShiny would be through their contact submission form or the email address of [email protected].

We were unable to find any physical address, telephone numbers or identifying information regarding who may actually be operating this suspicious cloud mining operation.

HashShiny.io Reviews

HashShiny did not reflect a dependable pool of community feedback during the time of our investigation.

Most of the ‘reviews’ we found in regards to HashShiny from their alleged members included affiliate links and vague information making us believe they are fake.

Let’s not forget that right when you land at HashShiny.io you are confronted with the statement that over 75,000 allegedly mine through their platform yet there is virtually no real feedback regarding HashShiny on the web.

Seems shady, right? Well, keep reading!

Domain Insight

HashShiny.io was a privately registered domain that was created on July 9th, 2018 through the GoDaddy, LLC registrar.

In the WHOIS report, it is indicated that the registrant contact information is likely based out of Hong Kong – which is the same location that Hash Blockchain Limited. Co. HK is allegedly headquartered from.

According to SimilarWeb, HashShiny.io reflected a global rank of 446,148 with a Brazil rank of 109,977 as of March 16th, 2019.

What we found interesting in regards to HashShiny would be how they are allegedly based out of Hong Kong yet the majority of their traffic does not originate from there.

Brazil accounted the largest contribution for incoming visitor traffic accounting for 12.50% while Russia (8.50%), Indonesia (6.58%), Italy (5.98%), and Ukraine (4.85%) make up the largest traffic contributions next.

Furthermore, 49.01% of HashShiny.io traffic originates from referral based sources, where 90.03% of all referral traffic can be credited to the traffic exchange site known as adbtc.top.

As we have made well-known in other publications, the employment of traffic exchange websites are a commonly used tactic by illegitimate entities to appear more reputable on the web than they truly are.

The truth is, as the absence of community feedback will suggest, would be that HashShiny.io receives minimum amounts of traffic and is NOT popular.

Is HashShiny.io a Scam?

The fate of HashShiny is still under debate until more verifiable community feedback can be presented.

However, the red flags and question marks surrounding HashShiny cannot be voided and should be weighed responsibly.

Red Flags

  1. HashShiny.io implies that Hash BlockChain Limited Co. is their corporate entity yet their fail to provide us with a physical address, a telephone number, ownership information and much more.
  2. HashShiny relies upon shady traffic exchange websites to appear more legitimate than they truly are.
  3. HashShiny provides good intel regarding their data centers, which mining equipment they are using and so forth but none of it can actually be verified as legitimate despite their clumsy photography skills.
  4. HashShiny makes no reference to Hash Blockchain Limited Co. in their Terms & Conditions and Privacy Policy, likely meaning they are acting as their sole entity.
  5. HashShiny is actively operating as a completely anonymous cloud mining platform, if you were to lose money with their platform recovering your funds would be VERY difficult.

HashShiny.io Review Conclusion

Discretion and transparency are the two components that clash far too often within the cryptocurrency arena.

While there are many legitimate investment opportunities currently available for those looking to supplement their income online from home, the number of illegitimate ventures greatly outnumber the real opportunities.

HashShiny is no different in this case, they come off as a credible cloud mining operation, yet the deeper you dig into their web of illusive statements the more tangled and lost you become.

Don’t settle for unverified cryptocurrency investment ventures like HashShiny.io.

Outcome: HashShiny should be Avoided!

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2 Comments

  1. Jojje

    None of this Company is Honest . If some one will “help” you to make $. ask them to send a copy of the tax slip and copy on their passport.
    because you do not want to work with a loser?
    and that after a skype with video. Do not be a Loser. that is the least you can ask for? all skit heaps can talk? and they can talk – you can’t take that away from them … none of the companies have pictures of their employees and brag about them. Why ? 😉

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