Bitcoin Forum

Hey guys, I've been reading around and it seems like hashnest is the most legitimate cloud mining company. I'm seriously thinking about dropping 1 or 2 btc on them. Probably towards their S5 GH/s. Does anyone have any experience with them? Good or bad. Does anyone have 1 or more btc invested with them in their GH/s, not their pacmic contracts? If so, how is that going? Would you recommend them to someone looking to cloudmine? Would you invest more btc with their hashrates?

Thank you guys,

Dezval

Hashnest is very legitimate. S5 is a good buy at present, S4 is better according to this post (https://forum.bitmain.com/bbs/topics/2246#reply48) at Bitmain Talk see the graph:

https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/Fi-nEzgV_Szqx8HdfKmA4UAa82Go.png

Be careful with S4 though, as daily volume is lower than S5 and it can be difficult to sell a large position in a hurry if you decide to exit. Between S7, S5, S4 and S3 I would go with S5.

They are bitmaintech.  They are as legit as anyone else if not more so in the game of BTC.

I had 9.99 or 15th of pacmic3 I made .3 btc profit with that.

As I type I have 1120gh in S5
I have 1 s-7 due in 8 days that will be 4860gh

I have about 7btc with them maybe more like 6.6 btc as I type.

Should you buy 1000gh of s-5 for about .65btc yeah why not. you have to be able to wake up and find out that it became worthless over night  and not be in financial trouble.

So it boils down to only invest what you can afford to lose.  .65 btc is about 200 usd.

No worries as far as legit I would agree.   I think it will be interesting once https://www.bw.com/twelve get's gear and is up and running they sold A LOT of hash.   They now have a eleven up I think but the one even sold out.

Even though they should be legit I could not bring myself to invest until I see a working miner of their next gen.   But a lot did invest.   I suspect those might battle with hashnest a little when they have it up in big numbers.  Which could be good news as far as price if we have 2 massive giants.

S5 looks like the best bet to me as well. Although S7 is better, but currently overpriced.

The only way I see the S5 becoming worthless is if bitcoin takes a dive. And with all the news about bitcoin and all these big-name companies and people paying attention to bitcoin, but mainly the blockchain, I don't see bitcoin taking a dive, I see bitcoin increasing in value overtime. I feel that once bitcoin goes mainstream, there will be only a few "mining" companies that remain, and with bitmain's reputation, they may be one of them.

The s-7 needs to be purchased as a full piece to get it at a decent price.

As single they are .0015 as a full miner they are .0012

But that means about 6 coins.

BW have stopped putting their Hash on B-Eleven however you can still trade B-Eleven Hash. I think they got fed up with people who were trading at a lower price than their hash preventing theirs from being sold? Am uncertain but I think they may have had as much as 4PH unsold on B-Eleven.

B12 now open for purchase at 0.5BTC/TH (B-Eleven was 0.76BTC/TH)

I have a position on B-Eleven and will probably take some B12. They pay Daily interest at 0.00022% (14% /Anum) on the investment prior to the Miners going live, which is supposed to be January 2016, however I would not be surprised if they are late.


Rich

when the s7 will be mandatory it will be reduced in price, but you need to wait that the diff skyrocket to the point where the s5 will be inefficient, should be in the double of what it is now

also i didn't know that the s4 was the best deal right now, good to hear

Investing with Bitmain's cloud mining services hashnest is always a good investment if you pick the right Hardware. currently the S5 machines are only worth to buy and to mine directly in your house if you have free or very low costs for electricity. For now, and for cloud mining you can opt to buy the S7 Ghs that will be more profitable and probably will get you ROI (If you do some trades as well) before the next halving.

Do your own research before making the final decision. Consider ROI. Use cloud mining calculators, e.g. www.cloudmining.website/calculator.php

I am not a fan at all about cloudmining. It's hard to get ROI and you need to know what you are doing by paying attention to the price, hashrate, difficulty, etc.

Another thing to keep in mind is an upcoming halving and possible price increases connected to the halving. To many unknowns so I would just stay out of it!

Good luck whatever you decide!

Even if s4 has the best Gh:price ratio it does not have much of a demand. If btc's price come to tank and everyone would sell their s4 you might be left with a stash that is next to worthless.

You're more insured with s5, until s7's price begin to normalize.

The company s legit, they ve been in the game for a long time.

But your problem might be BTC diff and BTC price. Do not skip adding these to your calculation before you decide to invest.

PACMIC v3 was a good deal, I made 2.8+% on my first contract (which closed out today) in 84.4 days, worked out to about 12.3% annual return rate (though Bitmain claimed 25% at one point).

 Their V4 contract is very risky, some probability of not paying back in total and WAY too low of return.



 Hashnest IS legitimate though, been around a while and proven.

Yeah hashnest is legitimate. I got 20Th of the S5 and with the spoils of the last months i did get some BTC.

S3/S4 are quite risky at the moment (BTC touching USD 300), but S5 0.00066 or even S7, just 0.00135 are at reasonable prices

Make sure to check their terms too.