I like it.
OS X users, if you are paranoid about using online tools for the SHA-256 hashing, you can do this from the command line with sha256deep.
Via Homebrew it'd go like this (replace the 1st step with whatever package manager you like):
$ brew install md5deep
$ echo -n my@email | sha256deep
d869524229c1e2f6139194fee1aac14f873b008dd0279458cbdfb6b3fbade1d2