The latest Blockchain developments have taken the world by storm. As yet another financial year comes to a decent closure, the tech-communities are busy predicting the colossal returns as promised by Bitcoin and its altcoin successors. It’s no less than a boon, given the fundamentals of Blockchain technology has been adopted by many an international bank as part of the core infrastructure. The Distributed Ledger Technology offers an ideal solution to traditional banking problems and with the inception of decentralized coins like Bitcoin, Ethereum and Monero, the virtual world seems to take on the real world with equal gusto. Being an unassailable ledger that it is, Blockchain wallets not only store all forms of digital assets, but also record every minute detail associated with each and every transaction.
Cryptomining has created a sort of frenzy among people of late, owing to the price of cryptocurrencies which skyrocketed in the last couple of years. Today, mining is considered a long-term venture that assures lucrative returns. Bitcoin mining started in the year 2009, and since then, there has been no looking back. HashGains is one of those reliable platforms that has been specially designed for cryptocurrency mining via cloud technology. The increasing demand for mining services has now led to a dearth of mining tools and equipment. On a larger scale, mining has become an expensive deal with powerful ASIC devices fulfilling the requirements. Not only is the electricity consumption on the higher end, but mining has itself become a community-driven elitist affair. The initial purpose of crypto coins (which promotes a decentralized station that is accessible to anyone and everyone) seems to be defeated with ASIC and FCPA devices taking centre stage. HashGains aims for bio-friendly (and user-friendly) mining services so as to reduce the high level of energy consumption and encourage feasible cryptomining. With HashGains’ ICO smart contracts, investors can become co-owners of the mining servers and equipment.
The company will hold an Initial Coin Offering Event in the coming year wherein investors and supporters get to play an active role and become the initial owners of the HashGains Token before it gets released on any major exchange. The token will be used in the marketplace for a wide variety of engagements. The funds amassed from the ICO presale will be used for the early development, marketing and management of the overall project and its platform. ICO owners may feel assured that this unique project is backed by a team of crypto veterans and Blockchain experts. Indeed, team HashGains has the potential to become the torchbearers of a progressive generation in years to come. Come, be a part of HashGains mining!
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SummaryYou need to watch out for ICOs that promises you high returns on your investments. Chances are they are red flags which are only out there for profit. When looking at Hash Gains, one can only see that it doesn’t have a reliable base, making it hard for users to get fully behind the project. To conclude, we believe that Hash Gains is a high-risk ICO that you should be careful when investing into.Positives Potential Returns: While the return rate is rather high, there is a chance that Hash Gains will give the user their full returns if done properly. Blockchain Based Application: Hash Gains states that they have an application such as their Crypto Bot that ensures that the user can make automatic trades and gain cryptocurrency automatically. Cloud Mining: Hash Gains plans to increase the user’s cryptocurrency holdings through mining online. Negatives Website Design: The website design appears unprofessional, and it’s hard to navigate throughout the site. Company Team: While Hash Gains has a team, they are unable to provide any updates on their project.
While Hash Gains may not be an out and out scam, there are enough red flags throughout the website that prompt us to dissuade investors from putting their hard earned BTC into the venture. If users are really keen on making crypto investments, they can do so by visiting forums and sites such as BitCoinTalk, BitcoinExchangeGuide, and find out about legitimate projects that have yielded actual profits for users in the past.