For any mining customer, one question matters more than the rest: how and when do I get paid? HashNet’s answer fits in a single line — Bitcoin, on-chain, every eight hours. This guide unpacks each part.
Bitcoin
HashNet mines six coins across four algorithms: Bitcoin and Bitcoin Cash (SHA-256), Litecoin and Dogecoin (Scrypt), Zcash (Equihash) and Kaspa (kHeavyHash).
Customers do not receive six different coins. Whatever is mined, the output converts to Bitcoin, and that is what is paid out.
On-chain
The Bitcoin is delivered on-chain, to public addresses. It flows from the mining pools through to customers’ own wallets.
Both stages of that money movement — the mining-pool inflows and the payouts to customer wallets — are on-chain. That means they sit on a public ledger, a record no single party can quietly change.
Every eight hours
Payouts arrive every eight hours. Because each one lands on a public ledger, each one can be checked.
How to verify a payout
HashNet’s founder, Ian Issa, sums up the company’s position as “don’t trust us, verify us.” For payouts, that is literal. To confirm the Bitcoin has arrived, a customer needs only two things:
- A wallet address.
- A public block explorer.
No login to a HashNet dashboard and no permission from the company is required. The payout is a fact on a public ledger, not a figure on a screen HashNet controls.
What the ledger shows, and what it does not
HashNet is careful about the limits of this claim. The ledger shows the money movement. It does not show the Alpha Engine’s internal decisions about which coin each group of machines mined, and HashNet does not claim it does.
As Issa puts it, a ledger only records what you put on it. What it does is make the thing customers care about — payment — verifiable rather than promised.
Why HashNet built payouts this way
When Issa founded HashNet in 2022, trust was one of three problems he set out to solve. Crypto mining had seen operators who promised much and showed little.
Rather than ask customers for trust, he wanted a payout flow that could be checked from the outside. That is why HashNet keeps pointing customers to the ledger instead of asking them to trust a dashboard.
In short
- Currency: Bitcoin, whatever coin was mined.
- Method: on-chain, to public addresses, from mining pools through to customer wallets.
- Frequency: every eight hours.
- Verification: a wallet address and a public block explorer.
