Building one of the largest blockchain technology companies in the world
HashChain is a blockchain technology company focused on:
What is Blockchain?
A blockchain is a decentralized digital ledger of encrypted transactions called “blocks” that are distributed over a peer-to-peer network of computers. The blockchain is not housed in a single location or owned by a single entity, ensuring transparency and security.
A block records some or all of the recent transactions, and once completed, is housed in the blockchain as a permanent database. Each time a block gets completed, a new one is generated. There are countless blocks in the blockchain, connected to each other in linear and chronological order. The blockchain has complete information about different user addresses and their balances from the very first block to the most recently completed one.
How Cryptocurrency Mining Works?
Public and enterprise blockchains are secure by design and are the continuously growing ledger on which all decentralized cryptocurrency and applications are built.
Miners use high end computers to solve mathematical equations to verify transactions on the blockchain.
Mining computers collect hundreds of pending transactions — also called a block — and turn them into a mathematical puzzle. The miner who finds the solution first gets rewarded.
DASH Masternode
HashChain purchased 1,000 DASH cryptocurrency in October 2017, the amount required to be maintained in a wallet in order to become a masternode. As a masternode, HashChain can vote on initiatives and important decision regarding the future of DASH, as well as facilitate anonymous (“PrivateSend”) and instant transactions (“InstantSend”) on the blockchain that prevents double-spending and eliminates bottleneck often displayed in “proof-of-work” blockchains. The DASH network currently rewards each masternode holder 6.67 DASH per month. As part of HashChain’s acquisition of the NODE40 business, NODE40 will pay to HashChain certain masternode rewards for a total duration of 36 months following the closing. In total, HashChain will receive approximately 880 coins per year for three years, equating to a total revenue of $693,590 CDN per year at the current DASH-to-CDN conversion rate of $788.17 CDN for February 23, 2018.
Our Data Centres
Cryptocurrency mining requires three things to operate at Optimal Efficiency:
- Low cost of electricity ($.02 to $.04 per kWh)
- Hi speed internet
- Cool climate
HashChain has created proprietary software to monitor hardware 24/7 including: IP, temperature, hashrate, wattage, fans and memory.
The data center will have the flexibility to switch between cryptocurrencies to focus computing resources on the most profitable cryptocoins, making it capable of mining numerous cryptocurrencies.
()
()
()
()
()
()
()
()
()
()
()
()
()
()
()
()
()
()
()
()
()
()
()
()
The Future Of HashChain
Hashchain’s main focus will be to expand its global blockchain technology business, which is supported by Balance, its cryptocurrency accounting and tax software, as well as its mining capacity through its highly efficient data centers. Additionally, HashChain will pursue a number of strategic initiatives:
- Using cash on hand and mining proceeds, the Company intends to aggressively expand its mining capacity and acquire additional rigs
- To achieve mining success that is tied to mining difficulty and hash rates, HashChain will focus on diversification and the mining of alternatives currencies
- Develop software to optimize mining activity (maximizing yield related to quantity, and value of the currency mined)
- Enhance HashChain’s proprietary ASICS & GPU Monitoring software to monitor all aspects of mining, maximizing efficiency
- Form strategic alliances that will lead to further improvements in efficiency, profitability and awareness
Management Team
The Hashchain team has decades of business, technical and financial expertise.
The team will leverage their experience in coordinating initial public offerings, raising capital, marketing/branding and general business strategy to execute the business plan. HashChain’s leadership focuses on capitalizing companies within emerging markets with experience in resources, healthcare, education and now blockchain/cryptocurrency technology. Investing and mining in cryptocurrency has been their passion since the inception of Bitcoin.
Headquartered in Albany, New York with a satellite office in Vancouver, BC the Hashchain team consists of industry experts specialized in blockchain technology and creating a return to its stakeholders.
Management & Directors
Advisory Board Members
