Should S2 be profitable again?
Or did the difficulty increase basically increase with the BTC value at the same rate;we're at $241 right now and still 108% maint fee
Glad the value is going back up at least. I don't think so. It's obsolete technology, they will shut them down in near future. Bitcoin have to pass 300$ quickly or they will be trash/junk/collectors item. They are already shut down. You cannot buy S2 or UMISOO on the market and they are currently in their redemption period. They will not be coming back onto Hashnest. |
|
|
|
I am happy to help you out with this, we can use Western Union if that works for you? I can supply as much as you need at coinbase rate + 7%.
Ok Private message me we can negotiate fees since your trust is great im trying to buy bitcoin on a deal is that what you mean? I can buy all day i just want a deal I am not sure what you mean by a deal? If your trying to get Bitcoin at under current market price, then I cannot help you, I am sure we would all like a price like that and you won't find that. I am offering to sell you bitcoin at the market rate, plus another 7% on top of that. |
|
|
|
|
I am happy to help you out with this, we can use Western Union if that works for you? I can supply as much as you need at coinbase rate + 7%.
|
|
|
|
|
In about 20 minutes, I will be leaving my apartment to go meet my soon to be wife at the alter! 5 days ago I did a Bitmain auction to get our marriage put into the blockchain forever, it looks like it hasn't been put into the blockchain yet, I really hope it gets put in soon.
Nothing more, I am just excited and ask you all to wish me luck!
Have a great day everyone!
|
|
|
|
|
I don't think its a good idea. Plus, in 20 years, due to sagging of skin and what not, it probably won't even be scan able anymore. Can you imagine having someone trying to scan your QR code and having to smooth skin back into place to get it to work.
Plus, if the computer gets hacked that stores the private key for that address, then the QR code is worthless. Not impossible, but definitely challenging to keep that hidden forever.
|
|
|
|
I maybe plan to buy one PACMiC V3. Is it sure to be profitable ? How much will I earn, because on this point it seems your not all OK.
Understand how it works by reading the ToS and this thread and their other thread, then do your own calculations on whether you think its profitable and how much you will earn. There are many people who have chimed in on how much this will return, just look back a couple of pages and read. |
|
|
|
Basically, as long as you have auto-rebuy ON you will never get your principal back? You aren't buying new contracts you are just increasing the hashrate of the contract you have thus increasing your principle amount.
Is that correct?
Yes, you are increasing your principal amount and your hashrate when you have auto rebuy turned on. |
|
|
|
|
I may have found a way to get some VEF bills to the United States. Currently finalizing the planning with someone, then I was planning on opening up a US group buy for anyone who might want some. Details to follow.
|
|
|
|
I would leave coins in here but I feel like the return would be minimal considering I'd be leaving my coins in someone else's hands. Doesn't help that there's no good English translation.
Are you saying the risk to reward isn't enough? Because the interest rate is actually very good compared to any other real world investment. |
|
|
|
|
Love college football, glad to see all the games and high limits available.
|
|
|
|
Regarding redeeming UMISOO/S2s, has anyone looked into loading a bunch of these into a shipping container and sending it via sea freight? HashNest charges $50 to box each S2, then another $65 to ship it domestically in China. Is there any way to get those costs down?
If you could get just the single $50 boxing charge and then load up a shipping container I could see it making sense. But, if they also charge you $65 to ship that box to a point you can just put it in a container, then it gets a little silly.
Seams like to me, if you owned the miner at the end, you should *own* the miner and you can do with it as you want. Is this not the case?
Bitmain has been very up front about the costs associated with miner redemption since the asset was released. They have always said there would be a handling fee and shipping fees. Anyone who didn't read the ToS and didn't understand the asset they were buying deserves to be in whatever position they are currently in. |
|
|
|
|
Might I enquire as to when August payments will be made?
|
|
|
|
I junst noticed that the coinbase text of blocks mined in antpool goes on auction. Has anybody used this? Can it be used to put things like BIP100/BIP101/8Mb in? I've been watching blocks from antpool voting for 8Mb but I assume that the auctioned text in the coinbase doesn't affect the vote.
No, it is used to put text into the block chain on a mined block. I used it for the first time yesterday and am hoping that my message on the 5th makes it in. |
|
|
|
does anyone know what a PACMiC is on hashnest and what you gain from buing one from 0.666 btc
Go read the ToS on the website, review this thread and the PACMiC thread on this forum, then if you have any specific questions on how it works bring them here and we will answer them. You will be so much more fulfilled if you do your own research instead of relying on people from the internet. |
|
|
|
Woot Woot, thanks for the payment. |
|
|
|
Mhm is there really no one from Venezuela in this forum?
I have some contacts down there I can reach out to. I assume you are paying BTC? How much are you looking for? please let me know if your contacts are selling. I will be taking a few hundred USD worth in bitcoin. they stand to make a good profit because I will go lower than the black market exchange rate. |
|
|
|
|
Not to mention the password on the account has been changed recently. Not necessarily a sign of a sold or hacked account, but very suspicious given other evidence.
|
|
|
|
I'm a bit confused.
Let's say I have purchased 10 THs which is 6.66 BTC principal. I turn on auto invest for a few days/weeks/whatever and now have 10.5 THs. Should my principal have increased to 0.666*10.5 (6.993 BTC)?
+
If autobuy is turned ON, is profit re-invested or are only maining gains re-invested?
yes it does, think of it like this on a per block basis...
You have 1 TH/s of mining power and are owed 1 btc. A block is solved! You get .0001 btc as your payout for having 1 TH/s of mining power and .000025 of that is profit and .000075 goes towards your principal.
Now without reinvest on, you have .0001 btc in your account and are still owed (1 - 0.000075) .999925 btc back from the PACMiC contract. You have a total of 1.000025 btc since you made a little profit.
Now with reinvest on, instead of that bitcoin going into your pocket, it just buys more hashpower. You have your hashpower increasing by .0001 btc (because that is what hit your account from the payout from the block), but your only owed 1.000025 btc since that is all your profit was.
Here is a good example of how it works I posted on another thread. Let me know if you still have questions. |
|
|
|
What is an UMISOO?
The original cloud mining offered by Bitmain it's on the first page of this thread. "UMISOO, the first Operator on HASHNEST will provide 4PH/s hashing power, and plan to start the Round 1 subscription at Beijing Time 22:00pm, 2nd September, 2014 (UCT+8:00 Time Zone). Official subscribed flat price is 0.00135 BTC/Gh/s. The Round 1 hash rate is generated by AntMiner S2 with the maintenance fee of $0.0032424/GH/s/Day." Has anyone calculated if they would have made a profit if they bought UMISOO at the beginning and just held it this entire time? |
|
|
|
OK, I must be missing something obvious. Umisoo price has gone from 0.00006990 to 0.0001, why would it be going up, and why is ANYONE buying it  Bitcoin price is heading back up, it doesn't take a lot of capital to buy a lot of shares, so even small players can move thin markets pretty easily. Plus what better bet than trying to earn big on a .1 btc investment betting that the price will go up another 15 dollars or so. |
|
|
|
|
Show Posts
