Could someone guide me into buying mining hashrate in Hashnest? How do I get started? Also, what is the most profitable way for me to start mining in Hashnet? Just asking because I'm a noob when I comes to making buy orders on a market.  Click on the 'More' link at lower right so you can see the full range of bids and asks. If you are buying 1000 G you would have to enter a price of .00128752 because that is the lowest ask price that could completely fill your order. Hint: UMISOO is more profitable than S5 at this time, with S3 in second place. Each Monday I post the most profitable Hashnest contract here. Thanks for the tip! I've bookmarked your site for me to read later. I'll buy the UMISOO contract and see how well this goes. By the way, do Hashnest contracts expire? If it's for lifetime, that would be awesome.  Hashnest contracts do not expire. However, the market price of the hash you buy does vary so it is a good idea to check often. If you see the price you can sell your hash for start to slide you might want to sell rather than ride out a loss. Remember you still have mining income coming in daily. If you go to the history tab on the hash you are interested in buying you can see historical price. I wait for a down day (red bar) to buy to get the most favorable entry price. I tend to only hold hashing power for a few weeks at most. Once I can sell the hash for a profit and have banked some mining profits I sell the hash then buy back in on a down day. Also, the most profitable contract can change week to week so it is important to know which contract to buy. |
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Could someone guide me into buying mining hashrate in Hashnest? How do I get started? Also, what is the most profitable way for me to start mining in Hashnet? Just asking because I'm a noob when I comes to making buy orders on a market. Click on the 'More' link at lower right so you can see the full range of bids and asks. If you are buying 1000 G you would have to enter a price of .00128752 because that is the lowest ask price that could completely fill your order. Hint: UMISOO is more profitable than S5 at this time, with S3 in second place. Each Monday I post the most profitable Hashnest contract here. |
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First red flag that a "cloud mining" service is a possible ponzi is an affiliate program. Though there are a couple of legit cloud miners like Genesis Mining and Mining Sweden that have affiliate programs but the money they pay affiliates comes our of your profits.
Stick with a proven legit provider like Hashnest that does not have an affiliate program. You want to buy your hashing power from a site that has a market so you can sell if you need to, or take profits.
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I'm not trying to be rude.. but an hour spent searching for this information yourself would be much more valuable than any of us just giving you the answer.
When you find out something for yourself, you'Re actually learning something.. When you have the answer just given to you, you learn nothing.
You are not rude and I appreciate your advice. But I'm really confused, no more. I always say that Google is my friend and I barely ask about something which I can search for. But when I feel confused, I don't want to be confused more. Thank you. @Fakhoury different Elliott Wave analysts have different wave counts. Some like masterluc feel we are in impulsive wave 3 while others think we are in corrective wave b see this post for different counts  |
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It's time to start looking for a legit Bitcoin cloud mining service. I'll give it a try at HashOcean and see how it goes for me. I will also try Genesis Mining  HashOcean doesn't seem that legit, no pictures of their hardware and datacenter, just claims. Genesis Mining seems legit according to this mostly reliable thread: https://bitcointalk.org/index.php?topic=878387I would consult the thread before investing, so far the OP of the thread has a 95% hit rate. Genesis Mining is legitimate but there is no market to enable you to sell your mining shares. Hashnest is where the action is. No one doubts they are legitimate and they offer a range of contracts. You can buy hashing power on their market and most important sell it if you decide to. Right now the most profitable contract to buy is UMISOO with S3 in second place. I keep tabs on the current best contract to buy here. |
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When it comes to PACMICz, I consider it a loan to BitMain/Hashnest, which I quickly get back with a decent interest rate. With the paid back load + interest I can re-invest it anyway I want. At the end, we as customers get the option to invest in S6s.
Win-win.
Where can you invest on S6 on Hashnest? I can only find S5 S6 is not on sale yet, expected late Summer. |
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Well fact is I haven't gotten mine.. But I am hoping too.. I am still hopingto make ROI!! Fact of the matter is yes that is selfish , and yes it may be a terrible outlook to others.. People in general are greedy and they look out for themselves.. Do I think the situation is ideal? Fuck no! But if there is a chance that I can get out with out loosing what I put in then of course I would want that scenario to occur.. Are you telling me that you'd feel otherwise in a similar situation?? I very much doubt that.. Before you go into ur 3-5x daily rant on how you wouldn't haven't invested and or noticed signs this that or the other bullshit.. I am in this situation and like any normal rational thinking human being am trying to preserve as much of my ass as I can in this situation..
Learn how to trade GH/s profitably at Hashnest and you can make two or three times the daily income you would receive just by holding GH/s. And you would be making an honest living rather than referring newbies to a scam. |
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I downloaded the mining app but when I opened the setup.exe or the dashboard.exe it shown the error "iexplorer.exe this application could not be runned"
are you serious? i hope you have a good anti-virus scanner and all your bitcoins in cold storage  Xeryan read the link at the above post of Aefan. I've read the Aefan's topic after the downloading.. now it's too late.. I'm running a full scan antivirus right now Do you have Malwarebytes Anti-Malware free version? It has been my experience this program will find bitcoin stealing trojans and quarantine. You need more than just a virus scanner. |
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Bitcoin has already broken through and is staying above the 200 day simple moving average. We are in a bull market now, time to buy until price drops under the 200 day SMA again. You can wait for a down day to try to get the best price or just buy in at market. However if you wait to buy you are missing out on profits.
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Contacted their customer support today with the following message: Hi!
I can only pay with bitcoins but you don't accept that payment method. I also cannot
exchange the bitcoins for a gift card on a 3rd party web service because none of
them is currently online. Please integrate with bitpay or start accepting bitcoin
payments directly so that I can order from your site.
Got this answer: Hello,
I'm sorry if we did not meet your expectations. Unfortunately, we don't process Bit
Coins. However, I sent your inquiry and suggestion to the higher managements since
this is not the first suggestion from a customer. We do hope that in the near
future, we may be able to provide payments in all kind of payment methods.
You can already use bitcoin to buy at Amazon using Purse.io. I outlined the procedure at how to use Purse.io to buy From Amazon Using bitcoin. |
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Profitability means nothing if you invest in ponzi and lose all of your money.
Only 2 companies currently pass my non-ponzi test, Hashnest and Bit-x. If anyone else would like me to test them or even write a review about them, just let me know.
I agree, but you need to add https://www.miningsweden.se to your list. A more "open" company, we have yet to see. They even invite customers to visit their facilities. The company seems small, but my next investment will be there to spread the risk. I also think https://www.knccloud.com will be legit when there open publicly with their 16nm chips. Mining Sweden is legitimate but the more profitable Mining Shares are always sold out because the company makes more money selling VIP shares. The company also has an affiliate program and like Genesis Mining the money paid to affiliates comes out of profits. If the company does not have a market where hashing power can be sold just don't use the company. |
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Well, my rules of investment should explain why I never losed anything. Split former winnings as much you can and never reinvest before you reach 101% over all again. Allways use fresh HYIPs, because of first-in->first-out. Late investors pay the early once, because all HYIPs (and scammers) need some investors with good ROIs for advertising. It' so easy ...
Have a look on HYIP-Monitors for fresh HYIPS under 2.5%/day AND the ability to release your investment every time you want. (i.e. Aprilcoin did so, and I got a good ROI till they switched to scam.) Don't be greedy - be clever! Short rule: As higher the interests as shorter the runtime as higher the risc as lower your investment.
Thanks for your advice. What is the best HYIP monitor in your opinion? or where can you find the best new paying sites to invest? HYIP and HYIP "review" sites are popping up all over the place. HYIP is just another word for ponzi. I don't think I'd trust any of them. Ponzi is a special type of HYIP, but not all HYIPs are Ponzi, e.g. all Alt coin scams (especially PoS with selective distribution) are HYIP, but they are not Ponzi. From Wikipedia: "A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors." All HYIP programs are Ponzi schemes. An altcoin is not an investment program, but most altcoins are pump and dumps designed to reward the developers. |
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He just wants to move on to the next chapter of his life, whatever that may be, and leave everything GAW in the past.
It's amusing to think - in his pathetic, deluded mind - he did not stop to consider that the next chapter, and quite possibly the rest of his life, will be spent in a Federal Penitentiary. I believe the US Federal Penitentiaries only hold violent criminals. Once he is charged he will cut a deal and probably spend a few years in a minimum security facility (think Martha Stewart.) At this point I would think the US government has spend too much time and money on investigation not to bring some charges against Garza. Once that happens it will be his attorney's job to help him make the best deal to minimize prison time and fines. |
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The essential part he is talking about : The assumption is that you are investing $270 USD (which happens to correlate to 1BTC at the moment)
UMISOO $1.88
S2 $1.45
S3 $1.41
S4 $1.25
S5 $1.16
UMISOO is the best buy until it reaches price parity with S2, then S2 & UMISOO are evenly matched until 0.00036 at which point it's S3 all the way until S3 reaches 0.0007. After that point you are better off with PACMICS.
UMISOO still stuck @ 0,00024 BTC and BTC 267 the whole thing is worth reading! --> https://forum.bitmain.com/bbs/topics/1882It doesn't make sense to me though. From what I am gathering, he is saying only buy the hash that returns the most profit per day. That won't work because with difficulty increases, UMISOO will probably be gone within a month or two (depending on many things), and it won't matter what your daily profit was, meanwhile S5 will be hashing long after the other units offered are gone. Am I missing something? For me no.... and S5 in one or two month probably will have a decent price if you want' to resold.... umisoo loosing completely his capacity to generate money will worth zero or near it You have to keep an eye on the daily yield and price of UMISOO; you do not hold the contract until it is worthless. He notes that he places a stop loss when he buys a contract the method is described in this post. |
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Stay away from cloud miners! Most of them are ponzis. I have recieved mining payments from cloudminr before, so I spent a lot of my freshly mined coins on more hashpower. Now I earn about $30 a month. I am hoping the price will continue to go up.
There is nothing wrong with buying hosted bitcoin mining at Hashnest. You can sell at will. By timing your buys and sells properly, and selecting the right hashing power, it is not difficult to make +15% profit monthly with little risk. Certainly stay away from any cloud mining that does not have a marketplace where you can sell your investment if you should choose to. That limits you to only a few providers and Hashnest is largest and most liquid. |
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I bought some UMISOO earlier today, and there have been around 6 blocks that have confirmed on my S5 hash and nothing has shown up on my UMISOO payout yet. Is anyone else not getting paid for UMISOO blocks?
My UMISOO hash is paying out fine. Bitcoin price has to get below $226 for UMISOO and S2 to be unprofitable. If you go under "blocks" section does it show the blocks that correspond to your payouts? My stats page is now showing that I am getting payouts and fees taken out, but the blocks page is not showing anything for me. EDIT: Although it is not updating the payouts and fees section after every block. There seems to be a glitch in the site because blocks are not showing up by todays date in block section but if you check the graph at top it says 24 blocks found today. Why are you bothering with UMISOO at all? I have investments in all Hashnest contracts to report profitability and the spreadsheet I keep at how to profit with Bitmain Hashnest shows S4 most profitable. |
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I bought some UMISOO earlier today, and there have been around 6 blocks that have confirmed on my S5 hash and nothing has shown up on my UMISOO payout yet. Is anyone else not getting paid for UMISOO blocks?
My UMISOO hash is paying out fine. Bitcoin price has to get below $226 for UMISOO and S2 to be unprofitable. |
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i think everyone after some months run away Such companies do not exist, they will sooner or later run with your money. Hashnest is legitimate and there are several more. |
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i think the best thing to do is mine your own coins
Agreed. But I can't. I'm living in someone else's house so I can't set up rigs. I finally understand why someone would cloud mine. And I'm sure there are other people like me. Believe me, if I could, I would run my own rigs. Just buy some Antminer S5 hash from Hashnest. Not quite as profitable as doing it yourself if your power is cheap but the best legitimate option. You can buy on the internal market and sell at any time. |
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