Crypto mining companies can be hard to compare. Websites look similar, claims sound alike, and the industry has had its share of operators who promised much and showed little.
The best defence is a short list of direct questions. Here are seven worth asking any mining company, why each matters, and how HashNet — the multi-currency miner founded by Ian Issa in 2022 — answers them.
1. Can I verify my payouts without relying on you?
Why ask: a dashboard is controlled by the company. A public ledger is not.
HashNet’s answer: yes. Mining output converts to Bitcoin and is paid on-chain to customer wallets every eight hours, on public addresses. Anyone can confirm the payouts with a wallet address and a public block explorer.
2. Which entity holds your licence, and where?
Why ask: a named entity and jurisdiction is something you can look into; “we are regulated” is not.
HashNet’s answer: HashNet Infrastructure LLC is licensed in the UAE.
3. Will I receive an invoice?
Why ask: formal documentation protects you and shows the company is willing to put its dealings on record.
HashNet’s answer: yes, for every purchase.
4. Who runs the facilities, and are they licensed?
Why ask: the hardware has to live somewhere, and the facility operator matters as much as the company you deal with.
HashNet’s answer: its hosting partners operate under their own facility licences in the jurisdictions where its machines run.
5. How do you decide what to mine?
Why ask: it shows whether the operation is actively managed or simply left running on one coin.
HashNet’s answer: it mines six coins across four algorithm groups — SHA-256, Scrypt, Equihash and kHeavyHash. Its proprietary Alpha Engine switches hardware to the most efficient coin within each group in roughly 12 milliseconds (company-reported).
6. Who oversees the automation?
Why ask: automated systems are only as good as their rules and the people responsible for them.
HashNet’s answer: its engineers define the limits the Alpha Engine operates within, monitor it through alerts and reviews, and can step in at any time.
7. What can’t you prove?
Why ask: this is the most revealing question on the list. An operator that is honest about its limits is easier to trust on everything else.
HashNet’s answer: it states that the money movement is on-chain, but its internal switching decisions are not recorded on a blockchain. Its switching speed is labelled company-reported. And its “robotics” is software autonomy, not physical robots.
Use the questions everywhere
These questions are not designed to favour any one company. Put them to every operator you are considering and compare the answers side by side.
The operators worth your attention will give specific answers you can check. In HashNet’s own words: “don’t trust us, verify us.”
