- Hashmax has all types of mining model choices for its users under the same roof.
- The company is operating in China and registered in Singapore.
- Connecting global users with the advantage of mining in China
In a short interview with the Co-founder of Hashcube “Young Ho Kim” and COO- “Stephanie Chen” with Haseeb Qureshi, renowned host at Coin Republican. HashMax was founded in the year 2018 by the parent company HashCube.
HashCube’s Co-founder & COO
Young Ho Kim, Co-founder of HashCube, says, “HashMax is currently in the process of developing a decentralized platform for anyone interested in mining. Packages in cloud mining and hosting are hassle-free procedures with HashMax. Most of the companies in cloud mining require a lot of commitment and paperwork. Hashmax provides competitive packages and efficient procedures.”
Stephanie Chen, COO of HashCube, says, “HashMax is offering a one-point mining solution to its clients having all mining models. Services included are cloud mining, hosted mining, and sale in mining hardware.”
Kim says, “The challenge that Hashmax is facing is the possibility of government intervention in China to counter it. We are expanding it globally to be more stable”.
The company is registered in Singapore and operating in China for better efficiency.
Kim says, “We are building connections with global users for utilities operating in China. Cheap electricity and manufacturers of hardware are located in China is an advantage. The company is licensed in China and registered in Singa. This gives HashMax more perfection in legalities and precision in operations. “
He adds, “It is always better to invest your finances with professionals. We offer the best services with a professional maintenance team and with high-quality electricity. Then managing the heat by yourself.”
Hashmax is trying to optimize its miners so that mining is happening at its peak performance.
There are two options for you to consider with mining cryptocurrencies, cloud services, or hosted mining solutions in HashMax.
Cloud Mining
You will have to rely on a remote data center to buy mining power in cloud mining. You do not own anything here. Most of the time, it requires a lengthy long-term commitment.
The Data Center looks after the unit, with others who purchase mining power.
Mining power is when you rent miners or charges you wish to pay to become a part of a mining pool.
We are stabilizing the hash rate no matter what we are providing to the customer at the fixed hash rate for cloud mining.”
Hosted Mining
Hosted mining or Collocation is quite simple; you will be in control of deciding the number of ASIC rigs. You will be using the facility for mining. Managing the staff and maintenance will be the service provider’s responsibility.
Kim adds, “Hosting packages can be purchased right away. As long as you know the kind of model you require to purchase, you can begin right away. The contract process is complicated. Requires up to 14 weeks of time, to begin with, other companies to complete all the process”.
Hosting services requires a high upfront cost that is mainly with the purchase of the hardware.
Hashrate tends to be different for each coin in the case of cloud mining.
Lastly, Kim says, “HashMax provides Bitcoin, Ethereum, and zen coin mining. Even though you purchase Ethereum miner, you can also mine Ethereum classic Altcoins.
HashMax currently promotes bitcoin mining because its hardware tends to be more stable than other coins. HashMax is also working on Ethereum and other Altcoins for creating mining opportunities at a better hash rate.”