Hashnest costs

[xbtman]

I was looking at Hashnest and buying 1 THs of S9. I am a little unclear on the costs that they will charge. I see they will charge $.21 USD/THS/Day maintenance. Power is rated at .115 W/GHS, so 1THs will mean 1150 W. I don't see a separate electricity fee on the site, so is it included in the maintenance?

At the current bitcoin price and going rate, it look like 1THs of S9 will cost $138. If I assume 3% difficulty increase and 2% mining pool charge I don't see that you can make money on this according to Bitcoinwisdom calculator

https://i.supload.com/rJL7uGurl.png
note: in the calculation I took the daily maintenance and divided it by 24 and stuck in the electricity cost and used 1kw

Am I missing something? People seem to say going with Hashnest is a good idea, but with the current cost/maintenance fees you can't make any money from what I have calculated (and this is assuming electricity is part of maintenance fee). Please let me know if this is correct.

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[Cereberus]

I was looking at Hashnest and buying 1 THs of S9. I am a little unclear on the costs that they will charge. I see they will charge $.21 USD/THS/Day maintenance. Power is rated at .115 W/GHS, so 1THs will mean 1150 W. I don't see a separate electricity fee on the site, so is it included in the maintenance?

At the current bitcoin price and going rate, it look like 1THs of S9 will cost $138. If I assume 3% difficulty increase and 2% mining pool charge I don't see that you can make money on this according to Bitcoinwisdom calculator



Am I missing something? People seem to say going with Hashnest is a good idea, but with the current maintenance fees you can't make any money from what I have calculated (and this is assuming electricity is part of maintenance fee). Please let me know if this is correct.

I don't know but sounds like it is profitable in this moment, but I see this stats at an old account of mine which I had forgot I had until know and just bought about 100 ghs of s9, however the pic is from the first hour where I only had 26 GHS.

Calculations also on 26 GHS
I see a profit of 0.00000097 per hour or 0.00002328 btc per 24 hours.

[xbtman]

I fixed the image link. You make money, but the money you make won't cover the initial cost of the hashrate you are buying. So I am spending $138 but I will never get the $138 back because the difficulty will increase after 20 months making it unprofitable to run. After 20 months I make $134. I would assume at that time I can't resell the hashrate for much of anything. It seems like the key is to just buy and sell the hashrate.

After 1 year I would still be down $20, but I would hope I could resell the hashrate for more than $20.

If I may ask, how much did you pay for your 100 GHS and how long have you had it?

Also is the electricity part of the maintenance fee or is it separate?

[Cereberus]

I fixed the image link. You make money, but the money you make won't cover the initial cost of the hashrate you are buying. So I am spending $138 but I will never get the $138 back because the difficulty will increase after 20 months making it unprofitable to run. After 20 months I make $134. I would assume at that time I can't resell the hashrate for much of anything. It seems like the key is to just buy and sell the hashrate.

After 1 year I would still be down $20, but I would hope I could resell the hashrate for more than $20.

If I may ask, how much did you pay for your 100 GHS and how long have you had it?

Very little I bought at 0.0001378 price so I only paid 0.01378 Btc for that amount. I am not a fan of mining but this time Hashnest sounded appealing to me so I gave them a try, it's only about 12 Euro in total.

Yes the key is in the trading, you should know when difficulty will increase and sell your hashrate a few days before it happens, so you can be in profit, but cloud mining is a very difficult game to come out on top.

Use it as a learning experience only and not a money making one.

[xbtman]

If I look at the market hashrate for S9 its coming down and S7 is going up. I have seen posts where people say there are getting more bitcoin from S7. From running it on the calculator as the maintenance costs are higher you will do worse with the S7. It looks like PACMiC is profitable, but it depends on how much profit they give you.

Anyway I think your cost was slightly more than what I calculated. So you pay $14 but make $12 after a year.

[Cereberus]

If I look at the market hashrate for S9 its coming down and S7 is going up. I have seen posts where people say there are getting more bitcoin from S7. From running it on the calculator as the maintenance costs are higher you will do worse with the S7. It looks like PACMiC is profitable, but it depends on how much profit they give you.

Anyway I think your cost was slightly more than what I calculated. So you pay $14 but make $12 after a year.

Both energy/maintenance costs are down for both S9/S7 GHS in Hashnest now. I don't know how much I will make, it's more a funny experiment to me and I will be buying S9 GHS monthly there.

PACMiC is the most profitable option but it costs quite a lot, it's like a yearly fixed ROI but you cannot move out of that contract (i.e  not sell your GHS like in normal market).

In the end I already told you, see it as a learning experience and not something to make profit from (although this is also possible from trading your GHS). Cloud mining is from long not profitable and I don't think it will be in the near future unless price of Bitcoin goes to 2000 USD or more it can be really profitable.

As you see lots of variables in play so I cannot make any conclusion except that don't expect any profit from cloud mining.

[leowonderful]

The only thing I ever use hashnest for is to get some cheap miners when they discontinue miners once they reach 100% maintenance as the price per hash goes way down. Otherwise I try to avoid it these days. They're more trustworthy than most mining companies but you shouldn't put everything into a cloud mining contract, try to diversify your investment.

[iefken]

For whom it may concern, i made a hashnest profitability calculator: http://www.thelazygainer.com/Tools/
Don't mind the site too much, I'm still working on it.

ps. any advice, tips or tricks to improve the site (which is far from complete) are welcome as I'm still in the learning phase of web development

[lumeire]

For whom it may concern, i made a hashnest profitability calculator: http://www.thelazygainer.com/Tools/
Don't mind the site too much, I'm still working on it.

ps. any advice, tips or tricks to improve the site (which is far from complete) are welcome as I'm still in the learning phase of web development

How about distribute the ads a bit? Like different formats etc. It looks much better that way.

Left HashNest a long time ago, and I guess the community would appreciate it if somebody can share their recent experiences here. Or perhaps a case study would be better?