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Author Topic: ANN: BITMAIN announces Cloud Hash Platform-HASHNEST.COM  (Read 12616 times)
PatMan
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September 01, 2014, 05:56:04 PM
 #41

Check your spam folder.

Nothing in my junk folders.......maybe it's a gmail thing?

&

Thanks again for fixing the sign-up problem  Smiley

 Wink

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btcmner
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September 01, 2014, 07:53:22 PM
 #42

ANN: BITMAIN announces Cloud Hash Platform-HASHNEST.COM
This is unrelated to the S4, isn't it ?

Mining for fun.
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September 01, 2014, 07:54:44 PM
 #43

u should accept credit cards so newcomers can start mining too
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September 01, 2014, 09:00:08 PM
 #44

To put things in perspective, if BTC/USD remains constant, you're looking at a 37% pool fee.  No electricity, no heat, presumably guaranteed up time, but still 37% pool fee.

According to tradeblock.com, at 15% difficulty increase/month, if all else remains the same, you'll break even in March 2015.

If you buy 3 S3s from batch 8, or somewhere else, at 0.58 BTC a piece, you get 1.36 TH/s for 1.74 BTC.  Mining at a 0% fee pool, like p2pool, and electricity at 0.12 KW/h, if all else remains same, you'll break even in Jan 2015.  That's assuming you have PSUs available already, and you don't have a problem with the heat.  Cold weather is coming in the northern hemisphere, so the heat should be welcome.  And you can resell your S3s.

At 25% increase per month, you'll break even with Hashnest in August 2015.  You'll never break even with your S3s.

M

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September 01, 2014, 10:02:46 PM
 #45

Interesting, may pick up a few GHs tomorrow.

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September 01, 2014, 10:19:21 PM
 #46

The hashnest site is difficult to understand. How can I buy hashrate? What is the process? It is VERY unclear how this whole process works. I want to get in on this, but the interface is quite confusing.

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September 01, 2014, 10:32:33 PM
 #47

Awesome!

I've had good luck with snowball.io and was wondering ...

8 )

8 )
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September 01, 2014, 11:08:28 PM
 #48

Awesome!

I've had good luck with snowball.io and was wondering ...

8 )
Yup, both you and snowball.io had some good luck

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September 01, 2014, 11:24:46 PM
 #49

deposited some btc & standingby as the clock counts down to purchase some ghs . . .

anyone figured out the unique code to get more ?
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September 02, 2014, 12:38:58 AM
 #50

How long is the initial purchase for, if I purchase 1 TH is that for a week, month forever? Not stated on site.

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September 02, 2014, 01:45:57 AM
 #51

How long is the initial purchase for, if I purchase 1 TH is that for a week, month forever? Not stated on site.

The way they make it sound is that you will continue to receive a dividend until the cost to run it each day is higher than the Pay out you would receive.

Edit, so once an S2 makes less than $3.20 a day it will stop hashing for us.  Anyone have an estimate of when that will be?

 

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September 02, 2014, 01:59:41 AM
 #52

More info damnit  Huh
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September 02, 2014, 02:57:01 AM
 #53

I have been with the site before when it was called Snowball.io. Essentially you are buying real mining shares of bitmain miners. Each share ideally correlates to a gh but it is not always the case (like with the S3). When you own the share you own it much like the new hashlets from GAW. They are yours until they are taken offline which will be when they are no longer profitable and the maintenance fees are greater than the return. The nice side is you can sell the share back whenever you please. It is much like CEX.IO except the maintenance fees are lower since they are based in China.
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September 02, 2014, 04:57:21 AM
 #54

I have been with the site before when it was called Snowball.io. Essentially you are buying real mining shares of bitmain miners. Each share ideally correlates to a gh but it is not always the case (like with the S3). When you own the share you own it much like the new hashlets from GAW. They are yours until they are taken offline which will be when they are no longer profitable and the maintenance fees are greater than the return. The nice side is you can sell the share back whenever you please. It is much like CEX.IO except the maintenance fees are lower since they are based in China.

So it's considered a good deal compared to CEX. Is it a good deal compared to GAW? Never looked into such kind of service before, except that I always wanted to have the physical hardware and not some cloud or DC mining scum.

Quote from: Hashnest
1 Enter the unique Hashnest code into below text box
1000GHS quota will be added for each code.

2 Forward your promotion link below to your fans @ twitter facebook etc…
20GHS quota will be added for each clicking

Huh

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September 02, 2014, 06:47:37 AM
 #55

am I missing something .... 1.6btc for 1TH?!?!?!? You got to be fucking kidding me!
I hope noone is stupid enough to buy this shit....

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=27428630902&dcosts=1.6&diff_mincrease=15&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=0.5&btcusd=1&dpowcon=0&btcusd_mincrease=0&pcost=.11&calcweeks=15&dleadtime=0&action=calc#

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Master One
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September 02, 2014, 07:41:23 AM
 #56


That's definitely calculated completely wrong. I've just tried myself using the btcinvest.net calculator but I'm not sure that's the way it can be done.

If I did understand it right, you buy the hash power at a flat rate (in case of 1 TH/s that's BTC1.6), no running costs till maintenance equals earnings (that's when the contract ends), and earnings is 37.32% of what the miner profits. Correct?

Can someone please show how that Hashnest / UMISOO Round 1 Subscription offer can be calculated using the btcinvest.net calculator?

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September 02, 2014, 08:51:25 AM
 #57

Utilizing Antminer S2?

0.8$/GH for 1W/GH hardware is also quite high, especially as AM tubes are available at around 0.7$/GH (including PSU cost), shipped.

Hosting cost of 100$/TH is acceptable, though I wouldn´t neccesarrily run any 1W/GH hardware at such high electricity prices....

The customer also doesn´t own the miner, but it will remain with hashnest once no longer profitable (at ~100$/kW/m).


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Brickblock.io
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September 02, 2014, 09:40:08 AM
 #58

NamePower efficiencyMaintenance feesFees/EarningsLast PriceAmount
UMISOO1.0W/GHS$0.0032422/GHS/Day37.33%0BTC0.0 Ǥ
------------
==> 1000Ghash - 1000W - 650$
(1kwh = $0.135)
With difficult 5%/1month
2014            -675
9-3 – 9-30 (28 days)   27428 M   145.5   145.5   -529.5
10-1 – 10-31 (59 days)   30240 M   134.8   134.8   -394.6
11-1 – 11-30 (89 days)   33339 M   107.3   107.3   -287.4
12-1 – 12-31 (120 days)   36756 M   89.29   89.29   -198.1
2015
1-1 – 1-31 (151 days)   40524 M   69.02   69.02   -129
2-1 – 2-28 (179 days)   46912 M   47.08   47.08   -81.97
3-1 – 3-31 (210 days)   51720 M   36.83   36.83   -45.14
4-1 – 4-30 (240 days)   57022 M   22.07   22.07   -23.07
5-1 – 5-31 (271 days)   62866 M   10.25   10.25   -12.82
6-1 – 6-30 (301 days)   69310 M   -1.422   -1.422   -14.24

Can not make profitable



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September 02, 2014, 10:02:23 AM
 #59

IMHO, BITMAIN's acquisition of  SNOWBALL.IO is to simply make a method to monetize on any remaining hashes. However they just did it wrongly with their UMISOO "IPO" or whatever term you call it. Should it be in an incremental pricing system against volume, this would 1 drive more people to look 2; to find the optimal price that customers would pay for.



The single thing I like is that they act as a competitor to GHASH.IO, offer feature like "redeem real miner with shares" or vice versa and pledge (hope they would release soon) using P2Pool.



I am a fanboy of Snowball since like week 1 of them and now they are being acquired (I read Chinese, translation are lossy like JPEG with 50 compression, you see the shape, but all the details are gone, *poof* ). If for they are not aiming on at least helping to decentralize by P2Pooling and to actually have a prove of miner reserve instead of being yet another perpetual ponzi mining bond, I wouldn't have been posting here right now.


Best of luck.


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September 02, 2014, 10:47:44 AM
 #60


The way they make it sound is that you will continue to receive a dividend until the cost to run it each day is higher than the Pay out you would receive.

Edit, so once an S2 makes less than $3.20 a day it will stop hashing for us.  Anyone have an estimate of when that will be?

Well before you get back the BTC1.6 without a doubt.

Selling cloud mining is a way to raise money for the next generation equipment. This wouldn't be so bad if you stood a chance of making a profit as well out of the deal but the chances are slim, and that new equipment will be deployed by them before you have access to it, raising the difficulty and further eroding your returns from the current offering.

ALL manufacturers are ripping off buyers, the only way the equation will start to balance so that BOTH parties make something is when people stop paying these inflated prices.

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