Is HashNest okay for a starter cloud miner?

[Rahees]

Could someone help me?:

Im trying to purchase on HashNet, I'm displayed with this error when purchasing from market: "Please enter the correct trade password."

What is the "trade password"?

[pandalion98]

With all the scams going on with cloudmining its hard to trust any of them but I do know that HashNest seems to be one of the better ones. Just be careful and dont invest more then you can afford to lose.

Despite this, I've decided to pull out all of my hashing power over at HashNest (Antminer S7 miners specifically).

Based on the info I'm receiving, they won't be profitable after the halving. Therefore, I've decided to wait until they have the proper gear to do it (S9 miners I presume).

Maybe I'll try Etherium mining.

Could someone help me?:

Im trying to purchase on HashNet, I'm displayed with this error when purchasing from market: "Please enter the correct trade password."

What is the "trade password"?

Try using your login password.

[smho_16]

Hashnest is also in my opinion the only cloud mining website that still has a big trust from the users using it. Its because they are tied to the antminer producers being Bitmain, there are news of S9 antminer being out soon so maybe is not the right time to join them with GHS now as they sell you GHS based on S7 antminer thats why the low price of 0.08 usd per ghs. On a side not stay away from a ponzi like HashOcean , they will fall soon based on what I have read throughout this forum so far and there are a lot of topics about them, mostly people talk bad about them.

[techgeek]

This was awhile back and lots of things changed, but I no longer see the option on hashnest where you can sell contracts to one another or list it.

If you can still liquidate your positions and buy back later this will save a ton of headache then just eating the up or down situations.

But other then that hashnest is still a way to go.

[Master_dandosha]

what is going to happen to Hashnet and other cloud miners when next halving of bitcoin come at that time any possibilities to calculate profit
Thanks

[pandalion98]

what is going to happen to Hashnet and other cloud miners when next halving of bitcoin come at that time any possibilities to calculate profit
Thanks

I'm thinking hashnest will deploy their AntMiner S9 machines after the halving and continue to mine with S7s until their profitability is gone.
Hashnest is backed by Bitmain, so I don't think hardware is an issue for them

For the other pools, I have no idea. They might shut down.

[DaddyMonsi]

I have 200 ghs with hashnest, compared to other sites who offer the same service hashnest pays a lifle bit lower like for hashocean and doesnt offer free ghs that expires for starters. But being tied to Bitmain makes Hasnest makes the difference between other cloudmining sites.

[pandalion98]

I have 200 ghs with hashnest, compared to other sites who offer the same service hashnest pays a lifle bit lower like for hashocean and doesnt offer free ghs that expires for starters. But being tied to Bitmain makes Hasnest makes the difference between other cloudmining sites.

I agree that being tied to a leading ASIC manufacturer has its benefits.

I also agree that they pay a bit less than other cloudmining services, but Hashnest has a market trading feature. Given enough liquidity, you can earn a serious profit just by trading since the GHS price is volatile at this moment. The market, while it swings from low to high to low price, is predictable.

So far, I got a good profit in my first few hours of being a trader on Hashnest. Earned about 300GHS so far (900GHS capital).

[DaddyMonsi]

I have 200 ghs with hashnest, compared to other sites who offer the same service hashnest pays a lifle bit lower like for hashocean and doesnt offer free ghs that expires for starters. But being tied to Bitmain makes Hasnest makes the difference between other cloudmining sites.

I agree that being tied to a leading ASIC manufacturer has its benefits.

I also agree that they pay a bit less than other cloudmining services, but Hashnest has a market trading feature. Given enough liquidity, you can earn a serious profit just by trading since the GHS price is volatile at this moment. The market, while it swings from low to high to low price, is predictable.

So far, I got a good profit in my first few hours of being a trader on Hashnest. Earned about 300GHS so far (900GHS capital).

Wow! Congrats to that achievement of yours earning 300 GHS from 900 GHS capital. I'm still skeptic about the tie up with Bitmain but so far they are the one left standing a while the others who even started ahead of them are long gone and forgotten. I got scammed by Cloudminr.io and I was lucky enough that I was able to withdraw my funds with scrypt.cc before they stopped paying regularly.

[pandalion98]

I have 200 ghs with hashnest, compared to other sites who offer the same service hashnest pays a lifle bit lower like for hashocean and doesnt offer free ghs that expires for starters. But being tied to Bitmain makes Hasnest makes the difference between other cloudmining sites.

I agree that being tied to a leading ASIC manufacturer has its benefits.

I also agree that they pay a bit less than other cloudmining services, but Hashnest has a market trading feature. Given enough liquidity, you can earn a serious profit just by trading since the GHS price is volatile at this moment. The market, while it swings from low to high to low price, is predictable.

So far, I got a good profit in my first few hours of being a trader on Hashnest. Earned about 300GHS so far (900GHS capital).

Wow! Congrats to that achievement of yours earning 300 GHS from 900 GHS capital. I'm still skeptic about the tie up with Bitmain but so far they are the one left standing a while the others who even started ahead of them are long gone and forgotten. I got scammed by Cloudminr.io and I was lucky enough that I was able to withdraw my funds with scrypt.cc before they stopped paying regularly.

Lucky you dodged some scams. Sorry to hear you got scammed. This post is the most up-to-date I found: https://bitcointalk.org/index.php?topic=878387.msg14980900#msg14980900


Also, based on what I know, Hashnest doesn't have any tie-ups with Bitmain.

Instead, Bitmain literally owns Hashnest.
About a year or two ago, Bitmain acquired a cloud mining platform/exchange called Snowball.io

I'm open to corrections.

[Hazir]

Could someone help me?:

Im trying to purchase on HashNet, I'm displayed with this error when purchasing from market: "Please enter the correct trade password."

What is the "trade password"?

I assume when you signed up you had to set up both a pin and a trading password. At least before it was mandatory to do this.
You can reset it your trading password in your Hashnest profile settings...

[Rahees]

I found the pin, thanks for your help

[lumeire]

I've invested in Hashnest way back. All I can say from experience is the returns even in the long term is very minimal. I wasn't even able to break even because I was stubborn enough to not sell my holdings before the S7 went to market. The value of my holdings then shrunk and the returns shrunk even more with rising difficulty.

You can profit from Hashnest if you'd know when to sell and buy GH/s, much like trading. Although I'm not sure nowadays with the price at a high again.