HSSHF 60minute...note how the 65moving average is acting as resistance.
Daily HSSHF Hashchain https://investorshub.advfn.com/HashChain-Technology-Hsshf-32858/ Hashchain Technologies Inc. is a crypto-currency miner with some big ambitions. In the crazy world of cryptocurrencies, where prices shoot up and down with no warning, Hashchain gives its investors exposure to a broad range of crypto assets. Think of it as an ETF for the crypt world. Hashchain has 870 mining rigs in operation. When it’s finished upgrading its facility in Montana, it will be able to mine 20 MWs of coins. Coin mining was a major winner last year. The top twenty-five cryptocurrencies paid out big for investors: the currency Verge, for instance, saw a return of more than 250,000 percent. Compare that to gold mining, which brought back a measly 11 percent for investors in 2017. Hashchain is far more than just a crypto miner. It also owns a “masternode” for the crypto-currency Dash. The node brings a return of 8 percent to Hashchain, which profits directly from Dash investment. Dash is a smaller currency than Bitcoin or Ethereum, but its growing fast. Even with the falling value in crypto, the number of transactions continues to rise. Dash is being produced at a rate 8x faster than Bitcoin. Hashchain, according to its CEO, is looking to go further than just its mining and masternodes though, it is aiming to give investors access to a lucrative market “that they can’t take advantage of themselves.” As well as this, Hashchain is committed to bringing regulation to the crypto space, where it’s badly needed. Uncertainty, lack of oversight and a lot of shady buyers has created some concern among coin miners. There are worries that various crypto prices are unrealistic. The SEC announced in January that it’s cracking down on the bitcoin market and will be watching new ICOs (initial coin offerings) very closely. Hashchain is working on new regulatory software to make the crypto space safe for investors. Think of them as the Intuit for crypto-currencies. Right now, the makers of TurboTax earn about $4 billion per year.
HashChain has 100 GPU Rigs in operation for exclusively mining Dash (DASH) digital currency, and 3,395 ASIC Rigs for mining Bitcoin (BTC).
“We are committed to scaling our mining operations amidst a rapidly consolidating market that requires aggressive growth,” says Patrick Gray, CEO of HashChain. “Just a little over five months ago, the Company was operating with only 100 GPU Rigs, and now we are poised to deploy a total of 9,495 Rigs before the end of July 2018 upon successful completion of our recently announced acquisition. In tandem with our growth in this area, HashChain is also allotting heavy resources to our Masternode hosting platform and blockchain accounting and tax software to build upon all revenue streams.”
With the deployment of the 3,495 Rigs, the Company has an additional 1,000 Bitcoin Rigs purchased and awaiting installation and has entered into an agreement to acquire an additional 5,000 Bitcoin Rigs. With all 9,495 Rigs in operation, HashChain will be mining with approximately 12.5 MW of power.
About HashChain Technology Inc. HashChain is a blockchain company, and the first publicly traded (TSXV: KASH; OTCQB: HSSHF) Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across all major cryptocurrencies. HashChain taps low-cost North American power, cool climate and high-speed Internet: the trifecta most critical to mining success, to create a competitive position for maximizing the number of mining ‘wins.’ HashChain currently operates 100 DASH mining Rigs and 3,395 Bitcoin Rigs with an additional 6,000 to be deployed upon successful completion of its recently announced acquisitions. Once all Rigs are operational HashChain will be consuming approximately 12.5 megawatts of power. HashChain also acquired two Dash Masternodes, which requires a collateral investment of 1,000 DASH coins for each Masternode. Diversifying its business strategy beyond crypto mining, the Company recently acquired NODE40, a blockchain technology company that developed NODE40 Balance, a new SaaS product making cryptocurrency tax reporting simpler and more accurate. The solution allows cryptocurrency users and traders to accurately report their capital gains and losses. NODE40 is also one of the leading masternode server-hosting providers for the Dash network and is seeking additional alternate coin masternode hosting. Daily...
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