HASHNEST Discussion and Support Thread

[TracerX]

what was the first pacmic  payout rate  ,   pacmic v2  is 0.45

first one was literally double it .7
They got greedy with version 2 and cut the interest in half essentially

Half of .7 is .35, so they didn't slash it quite in half.  I'm also not sure if the change could be described as greed, they likely needed to fine tune what is a nascent offering.

That said, I'm not sure if I'm going to buy into this round.  I think I could do better in the slightly riskier Hashnet market.

Yea, if the original PACMiC was 22% APR, this one will be roughly 14% or so, not sure its worth it unfortunately since it isn't risk free and depending on the difficulty over the next couple of months, could actually be more risky than buying other hash since you can't cut your losses and get out.

That being said, I will buy some because for now, I think they are a good stable return.

EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?

EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.

If PACMiC v2 is only paying 14% APR you can do better with an interest bearing wallet at HaoBTC. If you deposit 10 bitcoin for twelve months you will receive 15.58% APR. For wallets holding under 10 bitcoin the APR is fixed 8%. Advantage over PACMiC is you can withdraw your funds at any time.

Weren't they having some kind of problems with paying out users or being insolvent?  I thought I heard something recently where they were looking more and more like a scam daily.  Could be wrong.

HaoBTC is a pretty new venture, and they have some compelling evidence that they're legit, e.g. a 7+ PH mining operation on hydro power.  I'm too lazy to link, but you can find the details here somewhere.  I've deposited and removed some BTC without issue this week.  Either way, remember to not use money that you can't afford to lose.

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[PeaMine]

Is there an official Windows API program for trading with hashnest?
Their website lags and has issues randomly, having a program with API would hopefully alleviate this.

[Bitkrieg]

Can anyone drop me a good formula for calculating profits from hashnest? Really wish they had a calculator in the gui.

[skuser]

Can anyone drop me a good formula for calculating profits from hashnest? Really wish they had a calculator in the gui.

How about http://nextdifficulty.com/#roi ? Anyway for calculations you just need daily theoretical btc revenue per ghs minus daily fees converted to btc (because they are charged in usd) So the last thing you need is btc/usd rate.
Theoretical btc daily mining revenue is available for example here https://bitcoinwisdom.com/bitcoin/difficulty At current difficulty it's 0.00001057 btc/day/ghs

Or you can use another approach, hashnest.com publishes how much percentage the daily fees eat from theoretical revenue so the rest is daily net income.

It's worth noticing that in 3 days umisoo will become unprofitable (unless btc/usd rate grows significantly) so a lot more people should make their math asap ;-)

[bittamak]

ROI is longer at hashnest but considering all cloud mining services (mostly ponzi's) its kind of reliable (as of now)...

[chmick]

Hello all

I just received a mesage from kraken . It seems they lre launching something called dark pool .
I was thinking, it would be nice if hashnest could do the same on the hash market .

Below a copy of kraken mail :

We are pleased to announce the Kraken dark pool, a new feature that allows clients to discreetly place large bitcoin orders and execute against similar sized orders at potentially better prices. Kraken is now one of the few exchanges offering a dark pool for bitcoin.

The Kraken dark pool is an order book not visible to the rest of the market. Each trader only knows their own orders. Traders can anonymously place large buy or sell orders without revealing their interest to other traders. Typically, outsized orders, when seen by other traders will cause the market to move unfavorably, making it more difficult to fill the order at the desired price. This unfavorable price movement may be avoided in a dark pool.

what do you think ?

[ajw7989]

Hello all

I just received a mesage from kraken . It seems they lre launching something called dark pool .
I was thinking, it would be nice if hashnest could do the same on the hash market .

Below a copy of kraken mail :

We are pleased to announce the Kraken dark pool, a new feature that allows clients to discreetly place large bitcoin orders and execute against similar sized orders at potentially better prices. Kraken is now one of the few exchanges offering a dark pool for bitcoin.

The Kraken dark pool is an order book not visible to the rest of the market. Each trader only knows their own orders. Traders can anonymously place large buy or sell orders without revealing their interest to other traders. Typically, outsized orders, when seen by other traders will cause the market to move unfavorably, making it more difficult to fill the order at the desired price. This unfavorable price movement may be avoided in a dark pool.

what do you think ?

This is actuallu a great idea. This would also be a great solution to the annoying bots that exist on exchanges

[M8BWNNRFMNdak68c]

So what about Hashnest API trading? does it work for anybody?
i see only people with problems.
i always get {"error":{"code":2001,"message":"Authorization failed"}}

https://forum.bitmain.com/bbs/topics/1355
https://forum.bitmain.com/bbs/topics/1819

my keys are activated via email, signature should be correct.. what else could i do?

[speedt_ouch]

Hi.
Can someone please share a recent actual daily value, earned with a AntminerS5 on HASHNEST cloud mining service.
If possible, value before and after fee!

I'm trying to figure out if I invest a little with HASHNEST or with a competitor not sure if I can say the name.

Thanks

[chunkyjunkie]

Hi.
Can someone please share a recent actual daily value, earned with a AntminerS5 on HASHNEST cloud mining service.
If possible, value before and after fee!

I'm trying to figure out if I invest a little with HASHNEST or with a competitor not sure if I can say the name.

Thanks

I am constantly on the look for new cloud mining companies or hardware providers that provide better or near the same returns as Bitmain.  To date I haven't found any with comparable returns that proved they were not a ponzi.  The ones I found with comparable or better value then bitmain always had red flags and not long enough history and ended up being exactly that, scams.

I will list a few I think might be ok ( no guarantee )for you but Bitmain continues to offer better value even out of these below.

Genesis Mining
Mintsy

The other ones you might be hearing about lately where people are vouching for them because they have been paid what they expected for a couple of weeks in my opinion will probably end up falling apart.  Heck even that one what was it LTC gear?  That one was around for a long time and I believe still ended up being a scam.  

Let me just say the 2-10 new cloud mining offerings currently out will be gone to be replaced by another 2-10.   How long each ponzi lasts is the only question.


If I may put it one last way... if another new ( unproven ) company is offering close to bitmain value then it is probably not worth the risk, right?   And if they offering much much better then Hashnest?  They are probably a ponzi until they get the time bitmain has behind it.  

Just my opinion.

Lastly I hope 2-4 new solid real companies emerge, we need healthy competition or the little guy ( the customer ) gets squeezed.   Bitmain gave us customers a little more of the pie back before they realized they really have no real competition sadly.   That being said bitmain is still fair even so.


Edit - Nevermind Mintsy I guess. I thought I saw them selling hashing.  I just checked and don't see it available anymore.
Genesis mining has been reliable and I believe they just partnered with spoondoolies but their prices are still well above Hashnest from what I can see.  Maybe sometime soon they will have something comparable.

[speedt_ouch]

I am constantly on the look for new cloud mining companies or hardware providers that provide better or near the same returns as Bitmain.  To date I haven't found any with comparable returns that proved they were not a ponzi.  The ones I found with comparable or better value then bitmain always had red flags and not long enough history and ended up being exactly that, scams.

I will list a few I think might be ok ( no guarantee )for you but Bitmain continues to offer better value even out of these below.

Genesis Mining
Mintsy

The other ones you might be hearing about lately where people are vouching for them because they have been paid what they expected for a couple of weeks in my opinion will probably end up falling apart.  Heck even that one what was it LTC gear?  That one was around for a long time and I believe still ended up being a scam.  

Let me just say the 2-10 new cloud mining offerings currently out will be gone to be replaced by another 2-10.   How long each ponzi lasts is the only question.


If I may put it one last way... if another new ( unproven ) company is offering close to bitmain value then it is probably not worth the risk, right?   And if they offering much much better then Hashnest?  They are probably a ponzi until they get the time bitmain has behind it.  

Just my opinion.

Lastly I hope 2-4 new solid real companies emerge, we need healthy competition or the little guy ( the customer ) gets squeezed.   Bitmain gave us customers a little more of the pie back before they realized they really have no real competition sadly.   That being said bitmain is still fair even so.


Edit - Nevermind Mintsy I guess. I thought I saw them selling hashing.  I just checked and don't see it available anymore.

Hi.
I actually have a account with genesis mining for less than a month, that was who I was comparing with

I got the account to test then out.
So I got 150GHz that earned me today: 0.00051342 fee already deducted.

So if I divide my earnings by 150 I get my value per 1Ghz, so 0.00051342 / 150 Ghz = 0.000003423
Now to estimate earnings for 1000GHz I just need to multiply 0.000003423 * 1000 = 0,003423

0,003423 Would be the approximate value today for a 1000GHz account.

I’m looking to compare these values with a AntminerS5 1155.0GHS if someone could share there values for today.

Thanks again.

[chunkyjunkie]

If you can figure out how much each gh should be making with zero electric costs with today's difficulty.  Hashnest is paying about exactly half of that with the antminer s5.  I edited my statement after you quoted it to say what I thought about genesis.

Which ballpark looks to be about what I said slightly less value then hashnest.

But also like I said it is the only other one I even mentioned because they have been around so long with no problems or crazy claims.  They also partnered with a real equipment manufacturer as well.


Hopefully someone can give you the exact numbers you are looking for 150 antminer s5, good luck  Just an FYI an average of a week would probably be best as hashnest has had some very bad luck days in the past.

[speedt_ouch]

If you can figure out how much each gh should be making with zero electric costs with today's difficulty...  

Hi.
The value I presented (0.00051342) is the amount I received in my wallet yesterday for one day of cloud mining with a hash of 150GHz, fees already deducted with genesis mining.

The reason I calculated the value to 1GHz exactly was to make it easier to compare if I had an account of 1000GHz and them compare with the earnings of a AntminerS5 with Hashnest if someone would share there number with me.

I know pool luck plays a huge factor, but its to have an idea to see which could more profitable.

Recap:
0,003423 Would be the approximate value today for a 1000GHz account with genesis

I’m looking to compare this value with a AntminerS5 1155GHS with hashnest.

Thanks again.

[amelen]

If you can figure out how much each gh should be making with zero electric costs with today's difficulty...  

Hi.
The value I presented (0.00051342) is the amount I received in my wallet yesterday for one day of cloud mining with a hash of 150GHz, fees already deducted with genesis mining.

The reason I calculated the value to 1GHz exactly was to make it easier to compare if I had an account of 1000GHz and them compare with the earnings of a AntminerS5 with Hashnest if someone would share there number with me.

I know pool luck plays a huge factor, but its to have an idea to see which could more profitable.

Recap:
0,003423 Would be the approximate value today for a 1000GHz account with genesis

I’m looking to compare this value with a AntminerS5 1155GHS with hashnest.

Thanks again.

I'm not familiar with genesis mining, but that seems a bit low. 0.003423 BTC per 1000GH/s ? What's the initial investment @genesis?

[speedt_ouch]

I'm not familiar with genesis mining, but that seems a bit low. 0.003423 BTC per 1000GH/s ? What's the initial investment @genesis?

According to their site the initial investment would be 419USD for 1000GHz

Do you have an account with hashnest?

[amelen]

I'm not familiar with genesis mining, but that seems a bit low. 0.003423 BTC per 1000GH/s ? What's the initial investment @genesis?

According to their site the initial investment would be 419USD for 1000GHz

Do you have an account with hashnest?

I have an account with hashnest, but haven't bitten the bullet to try them yet. I think I'm going to wait a few more weeks to see if the S7 comes out as planned. I like the concept in general - especially since it lets you take advantage of their lower electricity rates. USD 0.79/day (0.003423 BTC) for a $419 investment seems off though.. 530 days to break even?

[speedt_ouch]

I'm not familiar with genesis mining, but that seems a bit low. 0.003423 BTC per 1000GH/s ? What's the initial investment @genesis?

According to their site the initial investment would be 419USD for 1000GHz

Do you have an account with hashnest?

I have an account with hashnest, but haven't bitten the bullet to try them yet. I think I'm going to wait a few more weeks to see if the S7 comes out as planned. I like the concept in general - especially since it lets you take advantage of their lower electricity rates. USD 0.79/day (0.003423 BTC) for a $419 investment seems off though.. 530 days to break even?

Exactly. Seems a bit much to invest for so little income, right?

That is why I'm tring to get hold of someone kind enough to share their earnings
 

[amelen]

I'm not familiar with genesis mining, but that seems a bit low. 0.003423 BTC per 1000GH/s ? What's the initial investment @genesis?

According to their site the initial investment would be 419USD for 1000GHz

Do you have an account with hashnest?

I have an account with hashnest, but haven't bitten the bullet to try them yet. I think I'm going to wait a few more weeks to see if the S7 comes out as planned. I like the concept in general - especially since it lets you take advantage of their lower electricity rates. USD 0.79/day (0.003423 BTC) for a $419 investment seems off though.. 530 days to break even?

Exactly. Seems a bit much to invest for so little income, right?

That is why I'm tring to get hold of someone kind enough to share their earnings
 

For the S5 the investment is $386.00, 1155.0GH/S and maintenance/payout is "48.19%". Just doing some simple math, the S5 should be generating around $3 USD/day, if the maintenance is 48%, that leaves $1.56 USD/day profit. So it would be 247 days to break even and at the end you still own the hardware (they'll ship it to you if you want). I think that sounds more reasonable, but that's going based on the numbers. I'd love to see the actual numbers people are getting.

[speedt_ouch]

For the S5 the investment is $386.00, 1155.0GH/S and maintenance/payout is "48.19%". Just doing some simple math, the S5 should be generating around $3 USD/day, if the maintenance is 48%, that leaves $1.56 USD/day profit. So it would be 247 days to break even and at the end you still own the hardware (they'll ship it to you if you want). I think that sounds more reasonable, but that's going based on the numbers. I'd love to see the actual numbers people are getting.

Correct. That is what I'm looking for also

Speaking about the "end"... The contract...

Genesis contract "Lifetime contracts do not have a maturity date. As long as the contract is profitable (i.e. the payout covers the maintenance fee) you will continue to mine and be able to receive payouts. "

Hashnest contract "Contracts are terminated when the maintenance fee is equal to the mining revenue for a period of ten days in a row."

I understand they are the same correct?

[amelen]

For the S5 the investment is $386.00, 1155.0GH/S and maintenance/payout is "48.19%". Just doing some simple math, the S5 should be generating around $3 USD/day, if the maintenance is 48%, that leaves $1.56 USD/day profit. So it would be 247 days to break even and at the end you still own the hardware (they'll ship it to you if you want). I think that sounds more reasonable, but that's going based on the numbers. I'd love to see the actual numbers people are getting.

Correct. That is what I'm looking for also

Speaking about the "end"... The contract...

Genesis contract "Lifetime contracts do not have a maturity date. As long as the contract is profitable (i.e. the payout covers the maintenance fee) you will continue to mine and be able to receive payouts. "

Hashnest contract "Contracts are terminated when the maintenance fee is equal to the mining revenue for a period of ten days in a row."

I understand they are the same correct?

Sounds the same to me. For Hashnest, some people claim that the S4 is more profitable than the S5 by the way, so you might be able to squeeze out a few more percentages out of it, depending on BTC value.