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I've used HashNest before and I'll say they're not bad, although that was for very small transactions (right now, I have 56 GH/s worth of power).
I'm planning to invest about $100 to different cloud mining services, or all in one service.

Has anyone had any issues with HashNest? Are they legit? Do you recommend them?
I'm also looking at Genesis Mining but their contracts are expensive and there's a minimum of 500 GH/s. Hashnest is about half-price and also does not have a minimum.



Opinions?

Hashnest is only cloud mining site I send people to currently.  They have the trust being tied in with Bitmain.  Sadly there are just a TON of scams out there so I personally would not go by price or likely you will see your BTC ride off into the sunset with someone else.  Hashnest does not guarentee a ROI but it at least gives you a fair chance with being legit cloud mining site.

Other option is purchasing gear and having it hosted somewhere.  This is also a valid option to know you are actually getting a real miner, not scam.  But again you would need to pick a host that is well known and legit.

Good to hear. I'm dealing directly on HashNest's website (https://www.hashnest.com/) so there shouldn't be any issues with me dealing with someone shady. Their market is also reasonably priced. If I were to buy 4 TH of mining power, it would cost $50 less than if I would buy from their store.

Besides, they're the ones with the absolute lowest price of the bunch (even when compared to known ponzi sites), and the price is actually still dropping.

yes hasnest is best because they are oldest cloud mining still running and there parent company make the mining machine also they have there own pool ..and the best thing is that you can buy form 1 ghs and when ever you think you can sell it ..

I'm looking to invest into Hashnet.

There's no place to pruchase GH/S though?!

Yes there is. You have to log in first.

I have done, just says purchase an Ant Miner. I don't want to invest that much, can't we invest a smaller amount for example $10?

You can invest as low as $0.08 as of a few minutes ago. That will get you about 1 GH/s.

I see. How much can 100 GH/S earn me a day on average?

There are calculators for that, so please don't ask me. I don't want to get blamed when you get losses. Just do your research.

Okay, I may have been too harsh.


Based on the current price, I assume you want to spend about 7.7 USD.
Based on the product page for the S7, 100GH would be about 24.90 watts. They charge more or less $0.09 per kWh.

Based on those numbers, you would earn $0.16 per day. There will be a fee of about $0.05 per day, so your profit would be $0.11 per day.

You will break even in about 70 days.

Thanks for this.

You wasn't harsh at all  - Thanks for your help :)

I may invest there or hashocean, still deciding about that lol.

I've actually invested in hashocean too. Diversifying is the way to go. Don't focus on one provider because if that provider fails, you may loose a really big amount.

How much have you invested in there? I haven't really invested much - just $20 and earning about $0.30 a day. I did get my first cashout two days ago and I'm debating to invest $100 or not.. its very tempting but also risky.

I've invested $100 a few hours ago.

I've invested a few dollars in Hashnet. I'm just being a bit cautious before the halving, because they might close.

I'm also cautious about this. I'm thinking of pulling out when I see a significant increase in BTC price or when halving is really close.

But historically, halving doesn't really affect anything in a major way. The previous halving was quite uneventful.

Apparently investing a lot of money in Bitcoins will gain you double profit a few weeks after the halving.

I really hope so. Right now, I've sold all of my GHs in HashNest (with profit) because

1. Their prices are dropping (possibly because of the upcoming S9 miner launch)
2. Prices are very unstable.

With all the scams going on with cloudmining its hard to trust any of them but I do know that HashNest seems to be one of the better ones. Just be careful and dont invest more then you can afford to lose.

Could someone help me?:

Im trying to purchase on HashNet, I'm displayed with this error when purchasing from market: "Please enter the correct trade password."

What is the "trade password"?

Despite this, I've decided to pull out all of my hashing power over at HashNest (Antminer S7 miners specifically).

Based on the info I'm receiving, they won't be profitable after the halving. Therefore, I've decided to wait until they have the proper gear to do it (S9 miners I presume).

Maybe I'll try Etherium mining.


Try using your login password.

Hashnest is also in my opinion the only cloud mining website that still has a big trust from the users using it. Its because they are tied to the antminer producers being Bitmain, there are news of S9 antminer being out soon so maybe is not the right time to join them with GHS now as they sell you GHS based on S7 antminer thats why the low price of 0.08 usd per ghs. On a side not stay away from a ponzi like HashOcean , they will fall soon based on what I have read throughout this forum so far and there are a lot of topics about them, mostly people talk bad about them.

This was awhile back and lots of things changed, but I no longer see the option on hashnest where you can sell contracts to one another or list it.

If you can still liquidate your positions and buy back later this will save a ton of headache then just eating the up or down situations.

But other then that hashnest is still a way to go.

what is going to happen to Hashnet and other cloud miners when next halving of bitcoin come at that time any possibilities to calculate profit
Thanks

I'm thinking hashnest will deploy their AntMiner S9 machines after the halving and continue to mine with S7s until their profitability is gone.
Hashnest is backed by Bitmain, so I don't think hardware is an issue for them

For the other pools, I have no idea. They might shut down.

I have 200 ghs with hashnest, compared to other sites who offer the same service hashnest pays a lifle bit lower like for hashocean and doesnt offer free ghs that expires for starters. But being tied to Bitmain makes Hasnest makes the difference between other cloudmining sites.

I agree that being tied to a leading ASIC manufacturer has its benefits.

I also agree that they pay a bit less than other cloudmining services, but Hashnest has a market trading feature. Given enough liquidity, you can earn a serious profit just by trading since the GHS price is volatile at this moment. The market, while it swings from low to high to low price, is predictable.

So far, I got a good profit in my first few hours of being a trader on Hashnest. Earned about 300GHS so far (900GHS capital).

Wow! Congrats to that achievement of yours earning 300 GHS from 900 GHS capital. I'm still skeptic about the tie up with Bitmain but so far they are the one left standing a while the others who even started ahead of them are long gone and forgotten. I got scammed by Cloudminr.io and I was lucky enough that I was able to withdraw my funds with scrypt.cc before they stopped paying regularly.

Lucky you dodged some scams. Sorry to hear you got scammed. This post is the most up-to-date I found: https://bitcointalk.org/index.php?topic=878387.msg14980900#msg14980900


Also, based on what I know, Hashnest doesn't have any tie-ups with Bitmain.

Instead, Bitmain literally owns Hashnest.
About a year or two ago, Bitmain acquired a cloud mining platform/exchange called Snowball.io

I'm open to corrections.

I assume when you signed up you had to set up both a pin and a trading password. At least before it was mandatory to do this.
You can reset it your trading password in your Hashnest profile settings...

I found the pin, thanks for your help :)

I've invested in Hashnest way back. All I can say from experience is the returns even in the long term is very minimal. I wasn't even able to break even because I was stubborn enough to not sell my holdings before the S7 went to market. The value of my holdings then shrunk and the returns shrunk even more with rising difficulty.

You can profit from Hashnest if you'd know when to sell and buy GH/s, much like trading. Although I'm not sure nowadays with the price at a high again.