Hashnet login down.

[marbu1022]

Hashnet GHS plunges big and Bitmain's login page has been down for over an hour. WTF?

[1713562022]

1713562022

[wlefever]

I just logged in. It was a little slow but what GHS plunge?  The prices have been around these levels or heading that direction for weeks.

[XERES]

I just logged in. It was a little slow but what GHS plunge?  The prices have been around these levels or heading that direction for weeks.

Log in was also really slow for me, What caused the drop in prices?
btc has been pretty steady

[wlefever]

I just logged in. It was a little slow but what GHS plunge?  The prices have been around these levels or heading that direction for weeks.

Log in was also really slow for me, What caused the drop in prices?
btc has been pretty steady

The last two difficulty adjustments and the rise in BTC price has caused the drops.  S3 has been pushed out the market and the S5 is next.  S7 will only last so long barring a big swing upwards in BTC/USD price or some slower difficulty rises.  Downside to the increase in BTC price is the increase in hashrate kept online or added!  

Not to mention people worried about what will happen around the reward halving in July 2016.

Anyways all of this talk should be done in the Hashnest thread:  https://bitcointalk.org/index.php?topic=766448.0

[marbu1022]

I just logged in. It was a little slow but what GHS plunge?  The prices have been around these levels or heading that direction for weeks.

s5 has been on it's way down, i checked earlier today and it was at .000189, which is way down. I just sold 10 days ago for .0002899 because I had a bad feeling. Just a day ago it was hovering around .000200, it's trending down for sure.

[crazyivan]

Well, people understand bit by bit than after halving S5 and even S7 are going to be junk miners. This puts a cap on the ability to mine with current hardware and this cap is end of July. This is why people exit and will continue to do so.

[philipma1957]

the lotto drove price down a lot.

basically they are selling s-7's on hashnest for 3 coins via the lotto they run.

https://www.hashnest.com/lucky_hashes/running

you get a 4860gh miner for 3 coins.

wtf do I mean  simple

30 people buy 100  shares cost = .1btc each 30 x .1btc = 3 btc

to be sure you win you need 30 different people , well 30 different accounts.

3 btc / 4860 gh= 0.000617  current trading price is now .0005899

when the lotto started price was over 0.0011

so combine the undercutting of the normal sales with the lotto and diff rise and you get price crash.

I am fully out of China  no miners hosted or any hash nest.

It will only get worse.