HASHNEST Discussion and Support Thread

[crazyivan]

Should S2 be profitable again?
Or did the difficulty increase basically increase with the BTC value at the same rate;we're at $241 right now and still 108% maint fee
Glad the value is going back up at least.

I don't think so. It's obsolete technology, they will shut them down in near future. Bitcoin have to pass 300$ quickly or they will be trash/junk/collectors item.

They are already shut down.  You cannot buy S2 or UMISOO on the market and they are currently in their redemption period.  They will not be coming back onto Hashnest.

Well S2 and Umisoo are obsolete miners, shutting them down was just a question of time.
However, I don't see Hashnest total hash go down due to this shut down. How come?

[1714991906]

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[pumawolf]

Should S2 be profitable again?
Or did the difficulty increase basically increase with the BTC value at the same rate;we're at $241 right now and still 108% maint fee
Glad the value is going back up at least.

I don't think so. It's obsolete technology, they will shut them down in near future. Bitcoin have to pass 300$ quickly or they will be trash/junk/collectors item.

They are already shut down.  You cannot buy S2 or UMISOO on the market and they are currently in their redemption period.  They will not be coming back onto Hashnest.

Well S2 and Umisoo are obsolete miners, shutting them down was just a question of time.
However, I don't see Hashnest total hash go down due to this shut down. How come?

im guessing they turn them off when they enter pps  mode and just used the room for more efficient miners, and just payed the pps  shares out of there  own act .  s3 s4  will prob follow the same process. 

[DebitMe]

Should S2 be profitable again?
Or did the difficulty increase basically increase with the BTC value at the same rate;we're at $241 right now and still 108% maint fee
Glad the value is going back up at least.

I don't think so. It's obsolete technology, they will shut them down in near future. Bitcoin have to pass 300$ quickly or they will be trash/junk/collectors item.

They are already shut down.  You cannot buy S2 or UMISOO on the market and they are currently in their redemption period.  They will not be coming back onto Hashnest.

Well S2 and Umisoo are obsolete miners, shutting them down was just a question of time.
However, I don't see Hashnest total hash go down due to this shut down. How come?

im guessing they turn them off when they enter pps  mode and just used the room for more efficient miners, and just payed the pps  shares out of there  own act .  s3 s4  will prob follow the same process. 

I had figured they shut them down a long while ago when they could replace them with the S5's when they came out.  Why run S2's when you can run more efficient machines using smaller spaces?  They probably just stored them all in a corner of the facility and let the newer machines mine for the older hash assets.

[Tigggger]

I had figured they shut them down a long while ago when they could replace them with the S5's when they came out.  Why run S2's when you can run more efficient machines using smaller spaces?  They probably just stored them all in a corner of the facility and let the newer machines mine for the older hash assets.

Indeed, which was also another nice revenue stream for them given the difference in maintenance rates. Not that there is anything wrong with this, people bought at at the advertised rate.

[ajw7989]

If you look at the dip in blocks found that happened a few days ago  I am sure they are in the process of converting even the S5 mining power into their new S7 mining power at S5 maintenance fee rates.

[DebitMe]

If you look at the dip in blocks found that happened a few days ago  I am sure they are in the process of converting even the S5 mining power into their new S7 mining power at S5 maintenance fee rates.

Perhaps, I would have to imagine that most of the first batch or 2 of S7's will be going to private sales and public sales of the equipment.  Best to offload as much as possible while the price is as high as possible and while you still have the best gear available to buy.  Then worry about replacing gear that is still making them good money.

[neolele]

applying fees on market operations too?? maybe I missed something.... 

[ajw7989]

applying fees on market operations too?? maybe I missed something.... 

It looks like they are getting ready to implement a trade fee I see the Fee: 0% right now 

[wlefever]

applying fees on market operations too?? maybe I missed something.... 

It looks like they are getting ready to implement a trade fee I see the Fee: 0% right now 

Yep, sure does look like it.  I guess they caught on the only way to make decent returns on Hashnest recently has been trading on the market, so they are gonna take a slice of that.

[Beefcake]

I don't mind a fee, I just hope it is reasonable.

[ajw7989]

I don't mind a fee, I just hope it is reasonable.

It is definitely ok since most people had to figure it was coming sooner or later (I thought much sooner than now). I just hope the fee is equivalent to other exchanges and is like .25% and not a crazy figure like 2%

A headsup or advanced notification would be nice. (1 week +)

[TracerX]

I don't mind a fee, I just hope it is reasonable.

It is definitely ok since most people had to figure it was coming sooner or later (I thought much sooner than now). I just hope the fee is equivalent to other exchanges and is like .25% and not a crazy figure like 2%

A headsup or advanced notification would be nice. (1 week +)

A heads-up would be appreciated, BM.  I'll need to retool my process when it rolls out.

[wakasaki808]

0.25% will be nice...
but 1%... gtfoh..

[pumawolf]

its gonna turn into a day trading site ,ghs  will be seen as a commodity since it generates it. i dont mind a fee just as long as they put some of that towards customer service.

[DebitMe]

its gonna turn into a day trading site ,ghs  will be seen as a commodity since it generates it. i dont mind a fee just as long as they put some of that towards customer service.

Yea exactly, I love not having a fee, but don't mind paying one if they use it to hire English speaking customer support reps.  Just not enough around that are free to answer the same questions posed by the same people over and over again.

[lottery248]

omg s7 is gonna be in the hashnest market?
dammit that's why people are panic with the gigahash price, even though the income isn't affect a lot.

[pumawolf]

yup s7 hashmarket  oct 10. that explains why they implemented a fee. there will be a shit load of hashes unleashed, they want some of that trading action.

[techgeek]

its gonna turn into a day trading site ,ghs  will be seen as a commodity since it generates it. i dont mind a fee just as long as they put some of that towards customer service.

Yea exactly, I love not having a fee, but don't mind paying one if they use it to hire English speaking customer support reps.  Just not enough around that are free to answer the same questions posed by the same people over and over again.

this is how I feel with them right now as well.

they lack that huge customer support english part, where im punching myself in the face for repeating the same words to them.

[crazyivan]

yup s7 hashmarket  oct 10. that explains why they implemented a fee. there will be a shit load of hashes unleashed, they want some of that trading action.

Oct 10? Where did you get this date?

[cesmak]

yup s7 hashmarket  oct 10. that explains why they implemented a fee. there will be a shit load of hashes unleashed, they want some of that trading action.

Oct 10? Where did you get this date?

On Hashnest "Hash" subpage for "S7" that appeared this morning (CET Time) "Shop" section.