Website Review : SCAM or LEGIT?

Hashshiny.io Review SCAM or Legit?

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Hashshiny.io Review SCAM or Legit?

Summary

User management: Web-based & App-based
Company transparency/support: Not Transparent
Payment options: Yandex Money, Web Money, UPI, Union Pay, Paytm, GCash, E-Banking, QIWI, Dotpay, Alfamart, Boleto, European Bank Transfer, Bank Cards & ATM transfers
Reward type/share/pool: N/A
Cost electric power per TH/day (btc): 0.04 USD
Contract price per Th/year (btc): $22.5 USD per TH/s for 1-year
Earning return: 2.12% on Yearly Basis

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User Review
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Status: WAITING

pros

  • Low minimum withdrawal on all coins
  • Comparatively lower priced plans
  • Low maintenance fee
  • Multiple cryptocurrencies available for mining
  • Affiliate Program (Lifetime 10%)

cons

  • No ownership details available
  • No social media presence

Company:

Hash Shiny is a cloud mining service provider. They claim to have data centers in Inner Mongolia & Sichuan, China and they are getting electricity for pretty cheap there. 

As per their website, the company behind Hashshiny.io is Hash Blockchain Limited Co. HK. However, they have not mentioned their office address. The company says that 618, 991 customers are already using their cloud mining service. 

Product:

Hashshiny.io has a no-nonsense website with simple design. Overall, they have a very catchy website with user-friendly features. 

The company offers cloud mining services and they offer Bitcoin, Ethereum, Zcash, Decred, DASH, and Litecoin mining currently. Hashshiny provides an option to its customers for mining all the above-mentioned coins simultaneously. They currently use SHA-256, ETHASH, EQUIHASH, BLAKE 256R14, X11, and Scrypt mining algorithms. 

Their cloud mining plans are:

  • #1. BTC – $0.25 / 10 GH/s 
  • #2. ETH – $0.65 / 100 KH/s 
  • #3. ZEC – $0.25 / 10 Sol/s 
  • #4. DCR – $0.30 / 10 GH/s 
  • #5. DASH – $0.30 / 100 MH/s 
  • #6. Litecoin – $0.35 / 1 MH/s 

They charge varying maintenance fees depending upon the type of cryptocurrency that a customer mines. However, their website mentions that they offer maintenance subsidies to their customers which lowers the maintenance fee that the customers have to pay. 

  • #1. BTC – $0.0004 / 10 GH/s / Day
  • #2. ETH – $0.0006 / 100 KH/s / Day
  • #3. ZEC – $0.0003 / 10 Sol/s / Day
  • #4. DCR – $0.001 / 10 GH/s / Day
  • #5. DASH – $0.001 / 100 MH/s / Day
  • #6. Litecoin – $0.0015 / 1 MH/s / Day

Hashshiny.io deducts the maintenance fee from the customer’s daily payout. 

Conclusion 

There is very limited information about Hashshiny.io on the web. The company has also not provided much information about them. They do have a few positive reviews but they seem far and few. Their prices seem just fine if we compare it to some of their peer cloud mining companies. However, the current mining reward level and BTC price leave us at just 2.12% in profit per year. 

We believe Hashshiny.io to be a doubtful case and suggest away from them as there are too many signs that they are a scam. The status will be in waiting until further reports can point its way.

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

You can ask us to make a review on a particular website. To do so please leave a comment and the site URL on our suggestion page.
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