ANN: BITMAIN announces Cloud Hash Platform-HASHNEST.COM

[skuser]

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.

Your analysis is incorrect because 37% is valid only at current difficulty. As the maintenance costs are fixed, the percentage will go up every time the difficulty rises. Better calculator is here https://bitcoinwisdom.com/bitcoin/calculator

Even at ultra optimistic 5% diff. growth per period the investment will never return.

[1714858754]

1714858754

[MinermanNC]

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.

I agree, I don't see much of a return if any with this pricing. As you said the hardware will be in service way before roi making it even more difficult. They really need to re evaluate their pricing structure. I just don't see it, at least for me anyways.

[ImCrazyOne]

email verification not working i have sent verification like 4 times now, no email still. I am using gmail.

[MinermanNC]

In the early days of CEX.IO I bought close to 2 BTC worth of mining shares. I watched it dwindle away rapidly as both the cost of a Ghash shares dropped and difficulty went up. I can honestly say if I had it to do over I would have purchased my own gear and gone that route. For the same 1.6 BTC now I think would rather by more mining gear sha or scrypt or simply hold that BTC for investment.  I know most of us are guilty of not knowing when to stop mining and have been bit by the hashing bug, same as a compulsive gambler lol just doesn't know when to leave the table.....

[mdude77]

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.

Your analysis is incorrect because 37% is valid only at current difficulty. As the maintenance costs are fixed, the percentage will go up every time the difficulty rises. Better calculator is here https://bitcoinwisdom.com/bitcoin/calculator

Even at ultra optimistic 5% diff. growth per period the investment will never return.

I don't like bitcoinwisdom, it always is wayyyy off on difficulty estimates.  

Regardless, if percentage increases every time, then my estimates are even worse.  Thanks for pointing that out.

M

[Jcga]

Hello Guyz

The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%

[001sonkit]

Hello Guyz

The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%

Again, absolutely not a good way to start a brand.

[mdude77]

Hello Guyz

The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%

Still too high.  If the maint fee was lower, it'd be a different story.  This is China, electricity is supposed to be dirt cheap, why so high??

M

[MinermanNC]

Just got this in my email this morning, what do you think?

https://www.kncminer.com/categories/cloud-mining


Seems September is brining all kinds of hashing deals.... lol

[BCwinning]

Why don't you just ship your product instead of keeping them on backorder and filling your cloud datacenter?

[001sonkit]

Hello Guyz

The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%

Still too high.  If the maint fee was lower, it'd be a different story.  This is China, electricity is supposed to be dirt cheap, why so high??

M

Coz from what I've seen on the QQ group (chatroom thing of China) and Weibo, people are just desperate of the launch and think it is profitable. You may think of it as the difference of literacy and free flow of information.
Calculator, who would use that? They're all with their sixth sense

PS: People are complaining on missing mail, good luck (also, seen from QQ).

[001sonkit]

Why don't you just ship your product instead of keeping them on backorder and filling your cloud datacenter?

S2 seems not to be backordered, these are what they have in the mine. S2... consider it as "better than trash"



With plenty of noobs around (however less than CEXIO), price of miners are overpriced since day one (of snowball.io). You may want to take a look all the ANtS1-S3
https://www.hashnest.com/currency_markets/10

hover the chart icon on top-left, select Candlestick/Volume. Laugh on the pathetic-ness.

[skuser]

Hello Guyz

The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%

I did the calculations with that new price, no ROI possible at current conditions.

[BITMAIN]

UPDATE:HASHNEST Discussion and Support Thread has been moved to https://bitcointalk.org/index.php?topic=766448.0