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XiongTyler
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November 28, 2016, 02:06:17 AM |
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now i moved about 1,22 BTC from my Walled to HAObtc.
Now iam getting about ~140 Satoshi /hour as a dividente its better than nothing .
On my old walled i had more than 1 btc over one year and got non profit here on hao i get a samll profit.
its low but better than nothing !
kind regards
Indeed |
Bixin!
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BitcoinNewsMagazine
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December 02, 2016, 05:30:05 PM
Last edit: December 06, 2016, 08:26:24 PM by BitcoinNewsMagazine |
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Kudos to HaoBTC for transparency on their HashEX hosted bitcoin mining. As an experiment I bought 1 TH/s hosted bitcoin mining both at HaoBTC and ViaBTC. ViaBTC charges 0.21 bitcoin per TH/s rather than 0.20 at HaoBTC but daily returns are very slightly higher at ViaBTC, on the order of .00005 per day, a few cents more in profit per day. I think the difference is due to higher power fee charged by HaoBTC: they charge 1.152 cny per day per TH/s while ViaBTC only charges 0.84 cny per day per TH/s.
More efficient miners may also play a role. HaoBTC claims 150 W/Th/s while ViaBTC uses 100 W/Th/s. ViaBTC states they are using Antminer S9 while I think HaoBTC is using Avalon? The Avalon 721 draws 150 W/TH/s.
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amacar2
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CryptoTalk.Org - Get Paid for every Post!
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December 02, 2016, 05:36:21 PM |
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Kudos to HaoBTC for transparency on their HashEX hosted bitcoin mining. As an experiment I bought 1 TH/s hosted bitcoin mining both at HaoBTC and ViaBTC. ViaBTC charges 0.21 bitcoin per TH/s rather than 0.20 at HaoBTC but daily returns are very slightly higher at ViaBTC, on the order of .00005 per day, a few cents more in profit per day.
Have you calculated how much time/day it will take for you to get your initial investment back? I think it will be more than year if difficult doesn't get skyrocketed in next 12 month.
E.g., if Alice buys 1000T of 150W/T Hashrate on 23 Nov. 2016, then on 24 Nov. 2016 she would have 0.87665 BTC mined. After deduction of electricity cost, she will have 0.65722 BTC received.
If Bob buys 1000T of 150W/T Hashrate on 23 Nov. 2016, then on 24 Nov. 2016 he would have 0.87665 BTC mined. After deduction of electricity cost, he will have 0.43779 BTC received.
I think there is typo here, If bob buys 1000 t of 300W/T hashrate should be there in place of If Bob buys 1000T of 150W/T Hashrate |
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BitcoinNewsMagazine
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Activity: 1806
Merit: 1164
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December 02, 2016, 05:45:50 PM |
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Kudos to HaoBTC for transparency on their HashEX hosted bitcoin mining. As an experiment I bought 1 TH/s hosted bitcoin mining both at HaoBTC and ViaBTC. ViaBTC charges 0.21 bitcoin per TH/s rather than 0.20 at HaoBTC but daily returns are very slightly higher at ViaBTC, on the order of .00005 per day, a few cents more in profit per day.
Have you calculated how much time/day it will take for you to get your initial investment back? I think it will be more than year if difficult doesn't get skyrocketed in next 12 month.
E.g., if Alice buys 1000T of 150W/T Hashrate on 23 Nov. 2016, then on 24 Nov. 2016 she would have 0.87665 BTC mined. After deduction of electricity cost, she will have 0.65722 BTC received.
If Bob buys 1000T of 150W/T Hashrate on 23 Nov. 2016, then on 24 Nov. 2016 he would have 0.87665 BTC mined. After deduction of electricity cost, he will have 0.43779 BTC received.
I think there is typo here, If bob buys 1000 t of 300W/T hashrate should be there in place of If Bob buys 1000T of 150W/T Hashrate At least 300 days unless bitcoin price really takes off. Worth a flyer since only 0.20 bitcoin invested. |
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XiongTyler
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December 07, 2016, 08:10:23 AM |
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Kudos to HaoBTC for transparency on their HashEX hosted bitcoin mining. As an experiment I bought 1 TH/s hosted bitcoin mining both at HaoBTC and ViaBTC. ViaBTC charges 0.21 bitcoin per TH/s rather than 0.20 at HaoBTC but daily returns are very slightly higher at ViaBTC, on the order of .00005 per day, a few cents more in profit per day. I think the difference is due to higher power fee charged by HaoBTC: they charge 1.152 cny per day per TH/s while ViaBTC only charges 0.84 cny per day per TH/s.
More efficient miners may also play a role. HaoBTC claims 150 W/Th/s while ViaBTC uses 100 W/Th/s. ViaBTC states they are using Antminer S9 while I think HaoBTC is using Avalon? The Avalon 721 draws 150 W/TH/s.
Our actual miners use Antminer S7 & S9, and Avalon A6 as well. Maybe we will also buy A7 if its price is okay. (But please be aware that our Standard Hashrate is abstract and theoretical. ) According to our calculation, our Standard Hashrate would be a better choice though it's really difficult to get the right result. So, I think your experiment is interesting. |
Bixin!
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XiongTyler
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December 07, 2016, 08:16:53 AM |
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Kudos to HaoBTC for transparency on their HashEX hosted bitcoin mining. As an experiment I bought 1 TH/s hosted bitcoin mining both at HaoBTC and ViaBTC. ViaBTC charges 0.21 bitcoin per TH/s rather than 0.20 at HaoBTC but daily returns are very slightly higher at ViaBTC, on the order of .00005 per day, a few cents more in profit per day.
Have you calculated how much time/day it will take for you to get your initial investment back? I think it will be more than year if difficult doesn't get skyrocketed in next 12 month.
E.g., if Alice buys 1000T of 150W/T Hashrate on 23 Nov. 2016, then on 24 Nov. 2016 she would have 0.87665 BTC mined. After deduction of electricity cost, she will have 0.65722 BTC received.
If Bob buys 1000T of 150W/T Hashrate on 23 Nov. 2016, then on 24 Nov. 2016 he would have 0.87665 BTC mined. After deduction of electricity cost, he will have 0.43779 BTC received.
I think there is typo here, If bob buys 1000 t of 300W/T hashrate should be there in place of If Bob buys 1000T of 150W/T Hashrate Thank you! That's a typo. |
Bixin!
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Daffadile
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December 07, 2016, 05:32:48 PM |
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now i moved about 1,22 BTC from my Walled to HAObtc.
Now iam getting about ~140 Satoshi /hour as a dividente its better than nothing .
On my old walled i had more than 1 btc over one year and got non profit here on hao i get a samll profit.
its low but better than nothing !
kind regards
140x 24 = 3360 x 465 = +- 0.01btc / year. That is a little under 1 %. Better then nothing I suppose. |
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felicita
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December 09, 2016, 08:34:15 PM |
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now i moved about 1,22 BTC from my Walled to HAObtc.
Now iam getting about ~140 Satoshi /hour as a dividente its better than nothing .
On my old walled i had more than 1 btc over one year and got non profit here on hao i get a samll profit.
its low but better than nothing !
kind regards
140x 24 = 3360 x 465 = +- 0.01btc / year. That is a little under 1 %. Better then nothing I suppose. yes its much better than i got on my old walled it was nothing now i have almost 2 BTC on HAOBTC ! now its 217x 24 = 5208 x 365 = 1900920 Satoshi /year your math is a bit wrong you saf a year is x465  i think its 365  but its much better than nothing !! thanks to HAO !kind regards |
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Mikestang
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December 09, 2016, 11:15:45 PM |
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Much better than nothing for sure! Especially considering when I first deposited with HaoBTC bitcoin was valued at under $200/coin. Now getting close to $800 and every satoshi adds up.
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XiongTyler
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December 12, 2016, 02:35:23 AM |
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yes its much better than i got on my old walled it was nothing now i have almost 2 BTC on HAOBTC ! now its 217x 24 = 5208 x 365 = 1900920 Satoshi /year your math is a bit wrong you saf a year is x465 i think its 365 but its much better than nothing !! thanks to HAO !kind regards Thank you! |
Bixin!
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ranlo
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Activity: 1974
Merit: 1007
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December 12, 2016, 04:14:17 AM |
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Are there any plans to remove that fees for smaller withdrawals at some point, such that the site can be used as a wallet again? Forgot the minimum for no withdrawals but it was like 0.01? Ask because many are leaving coinbase, and may use this as a way to store coins as a hot wallet system.
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December 12, 2016, 05:48:44 AM |
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they once said anything over 1 btc would have no fees, they were wrong...
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ranlo
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Activity: 1974
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December 12, 2016, 07:04:15 AM |
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they once said anything over 1 btc would have no fees, they were wrong...
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Wait, there are fees even if you're sending 1 BTC+ now? If so, that largely kills the point of using the wallet over another party that doesn't even pay interest. |
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December 12, 2016, 06:57:03 PM |
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yep, i withdrew my 1.02 btc to my coinbase wallet and had to pay .0005 btc fee. Eric said awhile back on here if you withdraw anything over 1 btc they would wave the fees.
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XiongTyler
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December 15, 2016, 03:12:25 AM |
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Are there any plans to remove that fees for smaller withdrawals at some point, such that the site can be used as a wallet again? Forgot the minimum for no withdrawals but it was like 0.01? Ask because many are leaving coinbase, and may use this as a way to store coins as a hot wallet system.
Hi, the fee for withdrawals of outside station, both large and small, is 0.0005 BTC. It would be impossible to remove because we have to pay the miners transaction fee (0.0005 BTC) for every transaction. The minimum amount for withdrawal is 0.001B. |
Bixin!
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XiongTyler
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December 15, 2016, 03:16:58 AM |
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they once said anything over 1 btc would have no fees, they were wrong...
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We used to pay the transaction fee for our users, but we stopped to do this, because the transaction fee it too high (0.0005B) now. |
Bixin!
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XiongTyler
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December 15, 2016, 03:23:21 AM |
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they once said anything over 1 btc would have no fees, they were wrong...
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Wait, there are fees even if you're sending 1 BTC+ now? If so, that largely kills the point of using the wallet over another party that doesn't even pay interest. Hi, ranlo, this 0.0005 is paid to miners for their confirmation of your transaction. Every wallet has to pay it. We used to pay this fee for our users when the fee was low and our user number was small. But, obviously, it is not sustainable. |
Bixin!
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GregH37
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Merit: 1037
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December 15, 2016, 04:05:07 AM |
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they once said anything over 1 btc would have no fees, they were wrong...
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Wait, there are fees even if you're sending 1 BTC+ now? If so, that largely kills the point of using the wallet over another party that doesn't even pay interest. Hi, ranlo, this 0.0005 is paid to miners for their confirmation of your transaction. Every wallet has to pay it. We used to pay this fee for our users when the fee was low and our user number was small. But, obviously, it is not sustainable. it is correct. nowadays if you put a small transaction fee your transaction/withdraw possibly stuck in blockchain and never confirm... in past we used to set even 10K satoshi transaction fee and the funds successfully moved.. but now it is hard to do that for 10K satoshi. |
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December 15, 2016, 04:40:48 AM |
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Just a little fyi: @ $790 on coinbase per btc we are now being charged .39cent per withdraw, (that is as much as an US postage stamp) on a side note bitman charges .0002 fee per withdraw..
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PS
Haobtc could do an hourly withdraw and only pay once per hour instead of per transaction. Bulk sending...
And not charge us or lower the fee.
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