Graphics team is very busy... appearingly....

When installing stuff on windows, 99%... or perhaps 100% is when we have to wait for the longest

1: QQ Group, in Chinese
2: Chinese, on their website, go Chinese version and google translate.
3: An update on their website with an asterisk.

＊Secondary Market GHS buying and selling will be open once Round 1 subscription is completed.

My view: NOOOOOOOOOOOOO, just no.


With this amout of official support given from Bitmain, and having me, as an originally satisfied customer to turn away. They certainly did a good job on Bitcointalk support.
This one is all support that they give within 24 hours, would you expect that for a new product launch?

Reason 1: 50% of the most important info are in Chinese (QQ Groups or chinese version website, english translation are lossy like JPEG30)
Reason 2: This situation here is a lot better already compared to those buying like 2T in the QQ group even they are all native.  

Your question, please refer to my old post: https://bitcointalk.org/index.php?topic=765128.msg8626382#msg8626382

EDIT: Told the representative about this crappy translation in QQ, not edited.

Again, for all else than UMISOO, they are tradable. UMISOO will be tradable after they sold all of them (unless they change rules since y'all are complaining)

Now look at BITMAIN's support laughing on you guys.

You've been told to be caution for the inability to resell (unless they sold or change terms), and what's shit or not.

Until they sold all of them is what they say. Never is what i (and you) should assume, market is saturated after a short period of time and given this reaction on market.... no chance that they will sell all at this price.

As mentioned previously by me, absolutely a bad choice if you were to buy without confirming that you can sell.

If there is a market to sell shares to the next idiot, yes
Else, no.

con't

As a customer, or a Bitcoiner or.. actually whatever else human with some common sense. I am quite dissatisfied with the launch of Hashnest.

1: From the early days of Snowball.IO, owner was intended to target US customers (since you guys buy shares at crazy price on CEX, GHASH is dominating the network). Now with the abundance of customer support BITMAIN, the support given towards customer (in Bitcointalk, compared to those on QQ) is pathetically low. Like an online ROM.

2: Clumsy arrangements, moving posts/threads.

3: UMISOO suppose to be a launch party for pretty much everyone. Yet they turned it into a "see who doesn't know how to use calc" gathering. Optimal way would be something like incremental pricing (some low volume of cheap share at like 0.0008), reward programmes (free electricity for X days), buy and refer some one to buy programme.... yadayada to promote the launch of the new business, plus create a experiment on price discover towards the market.

4: Opening market after all share sold is simply mean.

PS: I wonder when will the online support be actually responding.

well informed customer, I am a Chinese (reads Chinese) and is happy with Snowball.IO's service since like their first launch week.

With my young face, I am long away to be a representative.

Maintenance fee is 50% of CEX.IO

As of now, CEX charges 0.18 per month
Hashnest(UMISOO) charges 0.0032422 per day, eqiv 0.097 per month per GH.

The reason for me to be a more or less fanboy of them is becoz of their first service on mining rigs that you can import and export in exchange of GH shares or an actual miner shipped to you, respectively. Additionally, they plan on move on to P2Pool, which with BITMAIN's tech background, possible. (Not like PETA on Havelock...... thats another story)

Right now, I DOES NOT own any shares of UMISOO. The offering of it is dangerous as it couldn't be liquidated (at market like other mining rigs) until all sold. I would not consider until they have release the market out for liquidation.

Fee is static. Cost for insurance of machine and electricity, it's about half of CEX.IO

As mentioned in the Chinese version of UMISOO offering, miners will be leave in the mine turn off for up to 10 days if fees > expected profit.

Limit is removed

Asked the same question, thus removed.

They claim to be developing on a miner thing...yy that will direct hashrate to P2Pool. For now, Antpool

S2 seems not to be backordered, these are what they have in the mine. S2... consider it as "better than trash"



With plenty of noobs around (however less than CEXIO), price of miners are overpriced since day one (of snowball.io). You may want to take a look all the ANtS1-S3
https://www.hashnest.com/currency_markets/10

hover the chart icon on top-left, select Candlestick/Volume. Laugh on the pathetic-ness.

Coz from what I've seen on the QQ group (chatroom thing of China) and Weibo, people are just desperate of the launch and think it is profitable. You may think of it as the difference of literacy and free flow of information.
Calculator, who would use that? They're all with their sixth sense

PS: People are complaining on missing mail, good luck (also, seen from QQ).

Again, absolutely not a good way to start a brand.

IMHO, BITMAIN's acquisition of  SNOWBALL.IO is to simply make a method to monetize on any remaining hashes. However they just did it wrongly with their UMISOO "IPO" or whatever term you call it. Should it be in an incremental pricing system against volume, this would 1 drive more people to look 2; to find the optimal price that customers would pay for.



The single thing I like is that they act as a competitor to GHASH.IO, offer feature like "redeem real miner with shares" or vice versa and pledge (hope they would release soon) using P2Pool.



I am a fanboy of Snowball since like week 1 of them and now they are being acquired (I read Chinese, translation are lossy like JPEG with 50 compression, you see the shape, but all the details are gone, *poof* ). If for they are not aiming on at least helping to decentralize by P2Pooling and to actually have a prove of miner reserve instead of being yet another perpetual ponzi mining bond, I wouldn't have been posting here right now.


Best of luck.

Yup, both you and snowball.io had some good luck

Suggestion: You should elaborate Fees=Earnings as "Valid until Maintenance fee > earning"

It suppose to be trad-able when start (like shares on Havelock) instead of finishes. In case anyone regret, I'd take it at below offered price. 

Think of it like a daily dividend paying share of a miner, all mining rigs' earning are assigned to the balance once every ~24 hours, you may wish to learn more about the earnings at https://www.hashnest.com/miners

The whole Snowball was sold to the manufacturer of Antminer, BITMAIN, as mentioned.

You may consider moving to https://bitcointalk.org/index.php?topic=765128.0 for the news

Contacting owner for a post lock or title modification and release all the free GHS if they are still doing after the acquisition.

The miners are directed to the pool of BITMAIN, aka ANTPOOL, which contributes 3% of the network at the time being. Just in case you wonder if all the hashes are just on the book or actually real.


Until the miner is no longer profitable, which the mined amount equals to the maintenance fee of the machine. You may redeem the shares of GH to actual machine of the farm if you still wish to mine (or at least look like a Bitcoiner)
For example, if Antminer S2 is a 1000GH machine, you can redeem it for 1000 GH ANTS2 shares to the machine, Shipping and handling are paid by the receiver.

Keep us updated if you are having new move on your repayment method/plan or whatever. Given the current situation 30-40% is acceptable range for me if you consider to repay perhaps some plans to negotiate for future repayments?
Andd I am glad that you are still considerably keeping to your line compared to other defaulters..... (RIP GOX and all others... whatever they are)

Just some suggestion, why not open up a new identity so the trust and "fame" won't follow where you go? Casual chat and all the shit separated?

Would you able to repay partially of the owed Bitcoin or any plan to do so in a spanned timeframe?


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