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last trade was quoted at 0.0009 btc, now they are offering 0.0003 btc. So a 33% recover, honestly this looks a gift. I didnt expect those scammers to offer anything. Sadly i doubt most of the small fish have any recourse but to take this deal, as it's better than nothing.
what is it with bitcoin and scams.
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I just dumped my entire holding ~14k shares, risk/reward is too skewed to justify holding those shares.
1) Difficulty continues to raise
2) No clarity on if the suspended dividend due to chinese new year will be repaid afterwards.
3) No panic yet as price is still pretty good around 0.0008 to sell into. Dont want to wait until everyone starts panicing about lack of dividend 10 days later.
The way i see it, if everything resumes 15 days later and all dividend gets repaid etc..i will just buy back in. It's not like the share prices will sky rocket given the difficulty we are at. And there is little chance of drastic difficulty drop as everything is frozen due to the chinese new year, if anything it will go up after the new year is over.
looks like the risk/reward worked out as expected. |
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is anyone still holdin on to ghs in here, if u dont mind can u explain the logic to it. maybe there is an angle i am not seeing.
It's a leveraged bet on BTC. If BTC rate goes up by 50% these GHS will go up by far more than that. I'm just guessing since I'm not familiar with CEX pricing, but a similar scenario played out at Hashnest. correct. but this bet will only be profitable if the price gap before the difficulty can adjust accordingly. If it's a gradual increase then difficulty will also increase accordingly, nullifying any gain from the btc/usd gain. |
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was there any new development in the past week? or same ol with fcat still missing and amhash owners still screwed
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can you translate that for us....... dong zhao: the farm is professional eventually lawrence sun: the transaction with a lot of money is awful.i believe that it's not a scam but other matters unexpected dong zhao: i got contact with the Huai'an officer. dong zhao: he told me he knew what happened with fc. dong zhao: FC is OK and Huai'an farm will release news soon. who is dong zhao |
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LMAO
edit: if havelock indeed resumes, it shall make tons of btc for all the fees that will result from this madness. But coulda made more if it stayed closed..
What fees? You think someone will put new bids? withdraw fees |
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i think havelock is having its own issues, and not related to amhash. If amash is gone, it will just be another failed stock to havelock, havelock is not responsible for the risk associated with each stock just as nyse is not responsible for the stocks been traded on their exchange.
I think the issue with havelock is something else.
Either way the whole thing is fubar, this is why bitcoin will never gain wider acceptance, noone trust anyone to actually spend/store/use bitcoin. We have seen example and example again, even highly reputable multi-year companies can run off with your money in a day.
Thank god we still have coinbase, which seems to be the only legit player in the field for exchange.
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man when this site is backup, there will be massive panic selling in a rush to get the bitcoins transferred out (if that's still enabled).
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Big dumping happening right now...
Can't believe they haven't made a clearer announcement....
that was me, i was writing my post as you posted this  nothing to worry about, carry on  |
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I just dumped my entire holding ~14k shares, risk/reward is too skewed to justify holding those shares.
1) Difficulty continues to raise
2) No clarity on if the suspended dividend due to chinese new year will be repaid afterwards.
3) No panic yet as price is still pretty good around 0.0008 to sell into. Dont want to wait until everyone starts panicing about lack of dividend 10 days later.
The way i see it, if everything resumes 15 days later and all dividend gets repaid etc..i will just buy back in. It's not like the share prices will sky rocket given the difficulty we are at. And there is little chance of drastic difficulty drop as everything is frozen due to the chinese new year, if anything it will go up after the new year is over.
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i have said it a long time ago on this thread, cex.io is a game of musical chairs. You can make money as long as there is someone to hand the bag to. But as the music stops there is bound to be someone left standing holding the bag. If that person is you then you lost.
At 3X the market GH/$ and 12% monthly fee, the musical chair is still going, but the end is near as the asic hardware cost reach their manufacturing cost basis, with china pumping out units like no tomorrow.
Bottomline, dont be the one left holding the bag and you will be fine.
The music has stopped. I hope you found a chair and not left standing holding the bag.  |
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Havelock isn't really built to handle cloud mining contracts. Rest assured that AMHash on Hashie is 100% as safe as purchasing it from another platform - AMHash maintains a registry of Hashie AMHash miners: https://amhash.com/hashie/index.php-Sahra havelock gives you the ability to quickly/safely unload your shares at a moment's notice, it has the market depth and liquidity to support large sell orders, it is also a proven platform that is trusted/secure (relatively speaking compared to the others). Hashie on the other hand has none of those item, maybe in time it will. But as of now, i would definitely pay a premium and have my shares on havelock than to keep them at hashie. No offense. |
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before difficulty change: 0.00000859
after difficulty change: 0.00000817
amhash change ~5%
difficulty change 1.76%
why is amhash almost 3x higher?
Because your comparison is fundamentally flawed and you are comparing apples to oranges. If you use the stated payout formula and plug in the appropriate values, you will see that apples are apples - The payout rate before fee subtraction is 25 / (difficulty * 4.295) BTC per unit per second - the only variable is difficulty. The reason you are seeing oranges at ~5% is that the maintenance fee is converted from US dollars to bitcoin and is subtracted from the payout rate. Recently the bitcoin value went up (which translates to fewer bitcoin subtracted from the payout rate) and then back down (which translates to more bitcoin subtracted from the payout rate). This translates to your observed differential in the dividend. Thank you |
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before difficulty change: 0.00000859
after difficulty change: 0.00000817
amhash change ~5%
difficulty change 1.76%
why is amhash almost 3x higher?
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today at 400 usd/btc
hashnest: 0.0011BTC/gh, 65% maintenance fee
amhash: 0.0012BTC/gh, 31% maintenance fee
sounds about right?
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Dexter already proved the point I was going to make: because some people will bet on a BTC price increase, and fail to understand that buying BTC is a much better way to place that bet. They also ignore the reality that increasing BTC price will also push up the network hashrate faster.
i agree, while dexter is correct with his numbers, people including him still think btc/usd price increase/decrease somehow should be used as a factor in profitability calculation, which is wrong on a fundamental level. I am tired of keep explaining why so will just leave at that. I see no ROI here at this price point. The only pro i see is you can find the next sucker in line to sell your "shares" to and the delta lost is less than the btc you mined... |
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Calculations was done few times in this thread. Maintenance cost (electricity included) of 1TH is 1.633$/24h. At 400$/BTC thats 0.0040825 BTC. According to bitcoinwisdom 1TH currently will yeld 0.0127 BTC/24h. 0.0127 - 0.0040825 = 0.0086175 mined fee profit /TH/24h https://bitcoinwisdom.com/bitcoin/calculator enter this: diff inc 5% (for example) elec price: 0 pool fee: 0 hashrate: 1000 hardw price: 480 (0.012*400*1000) hardw power: 0 . . . maint cost: 49$ BTC/USD: 400 thank you, yes the number matched my calculation exactly i am just using 10 TH instead of 1TH. Using your numbers with 5% increase, this will never ROI. So my question is why are people buying? |
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