I don't understand all these accusations and frustrations. After all, Hashnest as a company is not going anywhere and they have announced that they will be selling new products so you don't have to get rid of everything but just exchange it. Once more Hashnest is not honouring what they said. They open up the hashrate markets for Z11 and S17, one week later open market for GPU's RX5700 and 598 with the promise they will be buying 50K each day in each market. >5700 market http://hashnest.com/hash/market?mid=32>598 market http://hashnest.com/hash/market?mid=31>Everyday we will place 50,000 USDT buy orders for each market, in order to quickly complete the transaction, please directly place the corresponding sell orders in the market. Well that is not happening for example in 16/08 for 5700 they spend 1014,65 USD in 17/08 they spent 0 USD, today still no sign of buying anything. What's going on, why did you change the announced plan? As far as I know, Hashnest sets buy bids at a certain price. It is possible that no one is selling, therefore you cannot see the trade. Hashnest is a scam. In April 2021 I got an e-mail from them that they are offering "new Ethereum miners". Because of that I bought Hashpower from these new miners in May 2021. After hardly working because of several down downtimes China shut down the Operation in June 2021. Now Hashnest is offering less than 30 % of the original Sales price in May 2021 to buy back the Ethereum miners. And even that bad offer they are not fulfilling since they are hardly buying on their market And they refuse to ship the miners to the investors. For one of the Bitcoin miners they offer 10 % of the original price. The GPU buyback plus downtime was indeed a harsh slap in the face. I never took any of the ETH out, and from 1100 USD invested, I have .05 ETH, which isn't enough to withdraw even last time I tried. The amount of downtime leading up to the total shutdown was way over 50% of the time. |
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I had someone say they were able to sell everything...at about 1/3 of what they paid for it...and with uptime of about 25% for this year.
I believe they put the sell orders in at the buyback price minus 2 cents.
Needless to say they are not happy.
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What about PACMIC contracts? PACMIC contracts are refunded. Just curious when this would be completed? I assume the refund would be for the un-repaid balance, given the contract terms. And probably in BTC? |
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https://support.hashnest.com/hc/en-us/articles/4404651021465-Announcement-184-Z11-and-S17-redemptions-open-nowUpdated on 6 Aug 2021 Dear Hashnest Users, Thank you so much for your patience. Z11 and S17 hashrates redemptions are open, users can place your sell orders in Z11 and S17 markets. Buy back price of Z11 is 2.29 USDT/KSols, S17 is 8 USDT/T. We have removed the 0.5% handling fee of the market. Z11 market http://hashnest.com/hash/market?mid=25S17 Pro market http://hashnest.com/hash/market?mid=26Everyday we will place 50,000 USDT buy orders for each market, in order to quickly complete the transaction, please directly place the corresponding sell orders in the market. This redemption plan valid until 31 Aug 2021, HashNest reserves the right of final interpretation for the content herein above. The redemption of other hashrates will also be opened as soon as possible, and the specific time will be announced separately. Thank you for your patience, and thank you for your kind understanding and support. HashNest It looks like an era is ending. The only honest cloud mining I've known is closing. Now just wait until there is someone who wants to take over this market. Hopefully it won't be another scammer. It's a pity that Hashnest is closing. Thank you for a great piece of BTC mining history you have created! I agree, up until Bitmain sold it off, it was flawless and I probably got 10+ people to really go at it for years. Ever since the tokens showed up in the wallet (still no idea why they are there) and the new company took over it's been more frequent downtime with little to no compensation compared to previously. However I also understand not much any miner can do in China currently, so unlike Hashlets from Josh, at least this outcome is based on reality. I'd have preferred to be able to have the hashes converted to machines and shipped, but I also understand that might be very difficulty with everything going on. Just sad to not have any cloud miners around that are legit. |
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What about PACMIC contracts? PACMIC contracts are refunded. When will they be refunded? And to which currency? I see it saying "payback 100%" however I do not have any of the money in my wallet. Also what happens to any unsold hashrate after August 31st? Thank you for the information. |
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I'll miss seeing your work sp_ but don't blame ya one bit.
I miss reading all the code tweaks between you and Wolf0 around 2013~ and their NSFW backgrounds always being in the screen caps of hashrate lol.
Good times
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What about PACMIC contracts? |
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Any ETA on support for 21.6.2 or 21.7.1 ? It supports Smart Memory and such.
XT series seems to work, but not Radeon VII, failed to initialize device.
Downgrading works though, but I like the new features for gaming.
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Dear Customer,
We are waiting for final decision from power station. We will wait until end of July. If power is still not restored, we will buy back hashrates. Please be patient.
Sorry for all inconvenience caused!
HashNest
14 July 2021
Could minimums be removed as well? Such as Eth requiring 0.1 or more. The fee is already included at 0.005 so anything above that should be ok to do? |
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it was a reply from a question about status.
The response says they will buy back hash rate, not ship machines.
Ah darn, I jumped the gun there. I wonder at what rate? |
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Figured i would post this.
Dear Customer,
Thank you for contacting us.
We are waiting for final decision from power station. We will wait until end of July. If power is still not restored, we will buy back hashrates. Please be patient.
Best regards,
Technical Support Team
Follow our Facebook, Twitter, Support page and Telegram group to avoid missing any latest news.
Is there a link to this statement by them? I couldn't find it or I guess it was in private? This would mean you could grab a S17Pro for about 1K right now, not a bad deal. |
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Just curious if there was any information on how things will proceed?
I understand this is beyond your control, aside from relocating, but this is also a very large amount of missed income now. Especially for those who may have just joined in the past year.
I am not sure if it's reached this stage yet, but allowing people to reclaim their investments perhaps by shipping the miners out, since technically for all machines there have been zero profit in over 10 days.
Similar to the S7s and S9s etc.
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Lots of ETH gas being spent past 2 hours, over 300 in some cases.
AVG has been under 20 for a week.
Are they about to do ETH 2.0, legit for real this time? Or is it something else like the price drops past few days?
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thats the reason if i mine with hashnest it must be for miners which have an open market for it, so if i choose to go out, i can,..unfortunatly they havent opened market for newere machines....capital if cant be moved itsnt worth shit imo.
I agree, they should open up all the markets now with all this news. Not sure why they wouldn't already? https://www.coindesk.com/sichuan-province-city-orders-crypto-miners-to-shut-down-for-inspection-reportsAlso seems now even the 5700 and 598 cards are underpaying compared to what is listed  Edit: It seems all payouts have stopped even the PACMIC which makes sense as the past 3 difficulty drops have been huge. |
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Hashnest has massive problems since April 2021, and i hope they come back to normal payouts at any time.
the hashnest member get me an answer of my post from early May, that i received no payouts for my RX590 cards since 15.04.2021
i have to read all the announcements, they planed to move, then power outage, finally they have to move in advance
i take time to read all the announcements, i picked up the announcements for ETH Cards, here is my resume:
at 14.04.2021 there was an announcement #164 for an relocation of mining farm for 10 days from 30.04 - 10.05.2021
payouts stopped at 15.04.2021
at 16.04.2021 there was an announcement #167 for an inspection by power supplier
at 20.04.2021 there was an announcement #169 for resuming payouts of ETH, nothing happend
at 26.04.2021 there was an announcement #173 for relocating in advance. All hashrates may be restored around 1st May 2021 (it was 12.May)
at 10.05.2021 there was an announcement #176 that some 590 cards turned on and fully payout of 590 cards will be around 16th May (it never happend)
payouts resumed at 12.05.2021
at 14.05.2021 there was an announcement #177 that there is a lack of water and power is strictly rationed, All mining contact will be affected (yes, this happend)
at 15.05.2021 payout go down to 1,50$ per RX590card
at 10.06.2021 payout go down to 0,56$ per RX590card
at 15.06.2021 there was an announcement #181 that 5700 cards turned on today, and for the other nearby mining farms power issues will be resolved around end of June
payout per RX590card is still down to 0,56$ per day, and this is a kind of nothing
this is an endless string of announcements since April, and nobody knows what new announcement comes at end of june
maybe it will be a kind of this one:
30.06.2021
Dear valued users,
Thank you so much for your patience!
The new Antminer E9 is coming to market and the maintenance fee for 5700 and RX590 Cards is greater than 80% of mining revenues, market will be closed
...
i am massive disappointed of this company and hashnest seems not willingness to give any kind of credit to his customers
I very much agree with this. Back when they were trust worthy I knew many people who used them and bought several miners. ALL of them have sold out and quit since then. So it's hurting their growth and income in that regard. |
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okay once upon a time I ran a difficulty thread.
others run it now.
the reality is that :
bitmain is god
cannon
innosilicon
microbit are demi gods.
the four companies basically are acting like opec and controlling the supply of gear.
many say there is a chip shortage and that has slowed gear.
but the
s11
s15
s17
s17pro
s17+
s17e
s19
t15
t17
t17+
t17e
are all dependent on very specific psu’s
only supplied by bitmain
since they can’t get chips to build and sell gear ⚙️
they simply refuse to supply replacement parts and all of us that have any of the gear i just mentioned dead in the water due to lack of replacement psu.
cannon all oem bespoke psus took me 150 days to get a psu that was 50th lost for 5 months
bitmain 300th off line dead psus.
microbit 100 th off line dead psus
so 450th offline and 1100th online.
since this is the btc only section I will not mention what I did with gpus I purchased since I could not get asic psus
oh I did buy some replacement psus which have all been used.
so why do the companies not sell the psus. simple they all cloud mine and they fix their own gear.
this is their edge since they can not sell gear due to lack of chips.
this will not end until dec-feb maybe later.
I did not know that! That is so shady and wrong, but that keeps them in control of supply like ya said. No wonder they started switching to the integrated ones and made their custom ones... |
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While the price currently makes it a bad time to invest in hardware[which usually is what happens before scarcity and then price climbing up]I personally have been enjoying Chia.
My SSD's after 1000 plots are still in "good" health, however it was on 8 OLD USED SATA SSDs that can be bought very cheap. Don't forget the power of RAID 0 for plotting.
HDDs didn't even notice the storage.
So if they can handle it, I bet a single Corsair Pro could easily handle 1K and still be "good".
Took around 2 months non stop to make 1K plots.
Just hope the price goes up even more now that a 16TB External which costs around 400-500... only mines about $69 worth of coins each month under perfect luck.
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can someone tell me if hashnest is working, i kinda went out, so i dont know atm if they mine or not,..
any feedback would be cool, so i could decide to start slowly invest back into mining...thanks
Trading on the market works, but the miner income themselves, not so much. Right now for the most part, I don't think GPU cards or most market traded ASICs are paying out or costing electricity. My GPU cards last payout was May 20th and was partial. Z11 payouts are around half of what they state. Same for K5 and U6 before things went down. If you run the math, since the cost of electricity on these are still 100%, but payout is 50-66% of what it should be, you're simply treading water. Now that the coin market has popped and crashed almost 50%, many of these once desirable miners are not a good investment any more until coins recover more value. They need to reduce the cost of electricity by the amount of hashrate lost. Paying for hashrate that doesn't exist, sounds pretty bad. thanks, so they still pay out,..that good news actually with all this china baning news out there i thought they would simly stop mining and move again somehwere else, maybe norway  They are still paying out on Z11 but to my knowledge that is it, and it's 1/4th what you should be getting. However, you are only charged for the electricity in ratio to this so 1/4 electric fees. Just gotta buy 4x what you normally would, but best payout ratios from any cloud service I know |
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can someone tell me if hashnest is working, i kinda went out, so i dont know atm if they mine or not,..
any feedback would be cool, so i could decide to start slowly invest back into mining...thanks
Trading on the market works, but the miner income themselves, not so much. Right now for the most part, I don't think GPU cards or most market traded ASICs are paying out or costing electricity. My GPU cards last payout was May 20th and was partial. Z11 payouts are around half of what they state. Same for K5 and U6 before things went down. If you run the math, since the cost of electricity on these are still 100%, but payout is 50-66% of what it should be, you're simply treading water. Now that the coin market has popped and crashed almost 50%, many of these once desirable miners are not a good investment any more until coins recover more value. They need to reduce the cost of electricity by the amount of hashrate lost. Paying for hashrate that doesn't exist, sounds pretty bad. Edit: Not sure when but on at least 1 machine they charge proportional electric to payout. |
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