HASHNEST Discussion and Support Thread

[thedawuu]

Well price dropping hashnest shows server error. price up server error .. all going offline, hashnest server error.. Announcement for electricity fee drop from NOVEMBER then they change it without any information for their customers and then they actually delete the announcement stating nooo reason whatsoever but hashnest still offline.. i bet chinese ppl were able to login to save their investements all the time .. thanks really much bitmain for showing us the chinese way to do business.  I cant even state a ticket for 5 days now,

[Wings1987]

I would like a clarification on the 10 day policy. If the price goes above $220 and drops below a week later, does the 10 days start again? How are you planning to handle a situation like that?

[thedawuu]

Wait you actually turned off the s3s the instant the price dropped below the magic barrier .. then turn them on the instant its ok again .. their is no sense that they are offline now. i dont own any but thats just retarded tbh..there is no reason your customers have to take the risk of it being cold in fucking china. AND AGAIN ANNOUNCE YOUR ELECTRICTY PRICE CHANGE OR TAKE IT BACK .. s3 wouldnt have gone down then i think..You lowered the fees in NOVEMBER.. ist not like a fucking week ago

[BITMAIN_Janet]

Hi thedawuu,

We are so sorry to make you sad, maybe it is not so stable to connect to our server from you, exactly it is normal in our side. Anyway we are checking the log file..

there is no reason your customers have to take the risk of it being cold in fucking china

Did you read them carefully? Due to BTC price fluctuation, we can not CONTROL it. But we will take the responsibilies as many as we can... Running a large mining farm is not like playing a car toy, you can turn it on/off as your mind.

[DARKANGEL6415]

Been up for me the whole time as well.

That is too bad you can't get in Umisoo is at .0002.  I guess people forget they can get units shipped to them for the price of shipping per 1TH.

That is .20 btc per s2 or roughly 44+ shipping.  A lot of places in the world will be able to use those units with cheap electric.

That is if you are thinking there is no way btc goes back above 220 it is trading out now.

IMO it is pretty much free money to be buying now.  Worst case is you get s2 units for about 200 or less total.  Best case BTC recovers, if you look at the btc orderbooks on every major exchange there is hardly anything left on the asks.  

They didn't fill in behind on the way down, paper thin means most likely btc/usd recovers at least to 250.00 range and at .0002 per ghs it is a steal.  Like I said worse case is you get some s2 units you can resell or wait and see if btc recovers.

Edit- I am in the US also and it has hashnest is still up, hasn't gone down.  I would check those websites that tell you if the site is down or is it you.  Google search is it down or me.

where is the option to have the miner shipped? Did not know that

yeah i would like to know that information as well, i actually sold several S2 and umisoo to be a breakeven point. This ofcourse was at a loss due to recent price drop like a stone into lake. I now see people saying they could take possesion of the miners and so forth i just have been wondering what is shipping cost to usa. I dont want to pay $100 shipping for a S2 lol

[DARKANGEL6415]

I started the day with 10TH and have 30TH now. I am banking on the price recovering but we will see. Either a brilliant move or huge mistake.

wow 30 TH dam feel free to send some my way lol 

[DARKANGEL6415]

[ANN] Jan 14th, 2014 - Umisoo, ANTS2, & ANTS3 Hardware Powered Off

Today, at 08:05 GMT, all Hashnest Umisoo, ANTS2, & ANTS3 units were powered off, as their maintenance fee became higher than their payout. This procedure was previously outlined in this post https://forum.bitmain.com/bbs/topics/969. At the moment, we are examining the situation to determine what further action will be taken. We will be doing our best to keep you updated with the latest information. As long as the machines are switched off, there will be no new revenue payments from these machines. Further, we will collect no maintenance fee on the Umisoo, ANTS2, and ANTS3 during this time.

Note: GH/s trading for these units will continue as normal. Users may still buy or sell mining contracts for the Umisoo, ANTS2, and ANTS3 during this time.

hello hashnest, i was wondering why is the S3 market or miner i should say closed down? I see on your site as of right now shows cost of S3 is 87.7% i know that is close to 100% but what are you closing it down to make up the 12.8% from the umisoo and s2 miners? Please let us know if having S3 on the list was error

[BITMAIN_Janet]

Hi DARKANGEL6415,

FYI

1> ANTS3 market, if the maintenance fee keeps lower than mining revenue at 2:00am Jan. 15th  GMT, we will power on all miners,
continue mining and assign mining revenue based on PPLNS payout. There is no payout during the period of powering off miners.

[thedawuu]

1) you dont make me sad i just think bad about you.

2) no you dont .. s3s werent out of efficency for more then 2 hours and thats 7 hours ago... one would also think that you turn them off when the price is not right for a period. instead it looks to be instant with the price drop. So well your customers take full responsibility you loose nothing.

3) please answer also about the fee question . I dint buy them with the current fees  i bought them with lower fees and the same cny/dollar rate. soo please try to be a legitimate company for once and answer all questions ppl give you.

sorry for zee bad english

[DARKANGEL6415]

I incline to think btc price would recover .

Dont' you think than the fall would be cause by the stolen bitstamp BTC dump on the market , amplified by a panic sell ?

What do you think ?
 

The price has been falling for over a year. There's absolutely no reason to think we're at the bottom now.

well i do see the price has been falling and going back up but mostly falling like you said for the better part of the year. I do hope someone that has deep pockets can plug up the price drop and starts moving the price in the positive upward direction. I keep asking myself if i should buy bitcoin at this point since it is so cheap.

[DARKANGEL6415]

Hi thedawuu,

We are so sorry to make you sad, maybe it is not so stable to connect to our server from you, exactly it is normal in our side. Anyway we are checking the log file..

there is no reason your customers have to take the risk of it being cold in fucking china

Did you read them carefully? Due to BTC price fluctuation, we can not CONTROL it. But we will take the responsibilies as many as we can... Running a large mining farm is not like playing a car toy, you can turn it on/off as your mind.

janet can you just hold me tight in your arms and look into my brown eyes and tell me it will all be ok. The price of bitcoin will recover and hashnest will keep on mining as normal. I am really scared and really need you now more than ever please dont leave me behind during hard trying times   

[BITMAIN_Janet]

janet can you just hold me tight in your arms and look into my brown eyes and tell me it will all be ok. The price of bitcoin will recover and hashnest will keep on mining as normal. I am really scared and really need you now more than ever please dont leave me behind during hard trying times    

Dear DARKANGEL6415,

We will do our best to help, we are always standing in your position  

[pumawolf]

whats up  ms janet,  can u guys  wait til the next difficulty change instead of the ten day protocol.  it might drop enough to make a difference.

[chmick]

whats up  ms janet,  can u guys  wait til the next difficulty change instead of the ten day protocol.  it might drop enough to make a difference.

+1

[ajw7989]

whats up  ms janet,  can u guys  wait til the next difficulty change instead of the ten day protocol.  it might drop enough to make a difference.

It most definitely will but the better question is how long until the next diff change and what will BTC price be then.

[xstr8guy]

Hi thedawuu,

We are so sorry to make you sad, maybe it is not so stable to connect to our server from you, exactly it is normal in our side. Anyway we are checking the log file..

there is no reason your customers have to take the risk of it being cold in fucking china

Did you read them carefully? Due to BTC price fluctuation, we can not CONTROL it. But we will take the responsibilies as many as we can... Running a large mining farm is not like playing a car toy, you can turn it on/off as your mind.

Well that translation didn't go so well, lol.

[DARKANGEL6415]

whats up  ms janet,  can u guys  wait til the next difficulty change instead of the ten day protocol.  it might drop enough to make a difference.

see that is a great idea if bitcoin changes every 14 days i do not know why they dont have the contracts saying something like " if the fees exceed the earning for 15 days then they will terminate it permanetly" I can see that but 10 days in a 14 day cycle is really not fair, well atleast i do not thing so anyways 

[DARKANGEL6415]

Hi thedawuu,

We are so sorry to make you sad, maybe it is not so stable to connect to our server from you, exactly it is normal in our side. Anyway we are checking the log file..

there is no reason your customers have to take the risk of it being cold in fucking china

Did you read them carefully? Due to BTC price fluctuation, we can not CONTROL it. But we will take the responsibilies as many as we can... Running a large mining farm is not like playing a car toy, you can turn it on/off as your mind.

Well that translation didn't go so well, lol.

  haha that is priceless i thought auto correct errors on cell phones was funny. This is funny as hell i had to get me a screen shot and save it for my files cause it is priceless 

[Mabsark]

whats up  ms janet,  can u guys  wait til the next difficulty change instead of the ten day protocol.  it might drop enough to make a difference.

see that is a great idea if bitcoin changes every 14 days i do not know why they dont have the contracts saying something like " if the fees exceed the earning for 15 days then they will terminate it permanetly" I can see that but 10 days in a 14 day cycle is really not fair, well atleast i do not thing so anyways 

It's only a 14 day cycle if the difficulty remains static.

[hashnest.com]

2015.01.15-24 ANTS2, ANTS3, & UMISOO Payouts

Although we are temporarily not able to switch our machines off and on based on the wildly fluctuating bitcoin price, Bitmain will continue to make PPS payments during this time. For the period of Jan. 15-24, hashrate payouts will work as follows: Each day, we will calculate mining revenue based on PPS payout using the bitcoin price at 4pm Beijing time (0800 GMT) for ANTS2, ANTS3, and UMISOO holdings. If revenue is lower than maintenance costs, users will not receive a payout, but they also do not need to pay the maintenance fee. If revenue exceeds maintenance costs, a PPS payout will be made as usual.

If operating cost exceeds revenues for ten days continuously (cost:profit>=1.0), these machines will be switched off indefinitely.

As long as costs do not exceed revenues for ten days in row, payouts will continue to be made in this manner.

Ok so it is 11 am Bejing and price is staying over 200 and S3 is profitable by a decent margin, why don't i see confirmation that it is back online?

The bitcoin price is still dangerously close to the level at which machines must be shut off. It takes several hours to bring the whole farm back online, we cannot turn it on and off repeatedly with the wildly fluctuating coin price.