Hash partitioning is useful when you want to partition a growing data
set evenly.  This can be useful to keep table sizes reasonable, which
makes maintenance operations such as VACUUM faster, or to enable
partition-wise join.

At present, we still depend on constraint exclusion for partitioning
pruning, and the shape of the partition constraints for hash
partitioning is such that that doesn't work.  Work is underway to fix
that, which should both improve performance and make partitioning
pruning work with hash partitioning.

Amul Sul, reviewed and tested by Dilip Kumar, Ashutosh Bapat, Yugo
Nagata, Rajkumar Raghuwanshi, Jesper Pedersen, and by me.  A few
final tweaks also by me.

Discussion: http://postgr.es/m/CAAJ_b96fhpJAP=ALbETmeLk1Uni_GFZD938zgenhF49qgDTjaQ@mail.gmail.com