crazyivan
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November 05, 2015, 11:03:13 AM |
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Anyone have a good idea why when the bitcoin price rises, the old models such as s3 and s4's market per gh price stays around the same and not increase like it did back then?
Why would the price increase? The price of all Hashnest miners is in USD, denominated in BTC. So when BTC rises, you need less BTC to buy these models. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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wlefever
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November 05, 2015, 02:08:00 PM
Last edit: November 06, 2015, 02:28:42 AM by wlefever |
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Anyone have a good idea why when the bitcoin price rises, the old models such as s3 and s4's market per gh price stays around the same and not increase like it did back then?
Why would the price increase? The price of all Hashnest miners is in USD, denominated in BTC. So when BTC rises, you need less BTC to buy these models. B/c as the $USD price increases the maintenance fee tied in BTC lowers which actually earns you more BTC. If you earn more BTC, and the price increases in $USD you are still mining more profit. I get what you are saying, but it's a bit backward for the prices to be slashed so much as the life of the miners seemingly just got twice as long on Hashnest from the increase in bitcoin price. Edit: New price of S7 is $2283 in the shop |
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yeponlyone
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November 06, 2015, 08:59:48 AM |
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What advantages are there to buy S7s in the shop instead of in the market...? Of course it's a matter of price, but a major disadvantage to me is that I can not sell the shop-bought S7s? How do you guys rationalize buying in the shop?
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crazyivan
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November 06, 2015, 05:59:30 PM |
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What advantages are there to buy S7s in the shop instead of in the market...? Of course it's a matter of price, but a major disadvantage to me is that I can not sell the shop-bought S7s? How do you guys rationalize buying in the shop?
What do you mean u cant sell shop-bought S7. If you buy them in the shop, they get activated in a few days and u can trade them in the market as any other hash. |
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chevalier2000
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November 07, 2015, 02:50:07 AM |
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2 days in a row with the lowest blocks found (only 22).
It's a very bad luck (finding block) or something else ? The average is around 28-29 blocks per day, right ?
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wlefever
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November 07, 2015, 03:19:08 AM |
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What advantages are there to buy S7s in the shop instead of in the market...? Of course it's a matter of price, but a major disadvantage to me is that I can not sell the shop-bought S7s? How do you guys rationalize buying in the shop?
The market is not very liquid right now, and selling at a premium to the shop. However the shop has a 2 week wait time to activate so if you aren't getting in now you will be better off waiting for the next wave of S7's to hit the market where they should sell off some. |
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TracerX
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November 07, 2015, 04:59:58 AM |
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2 days in a row with the lowest blocks found (only 22).
It's a very bad luck (finding block) or something else ? The average is around 28-29 blocks per day, right ?
The average last week was 28 blocks, yes. edit: but that includes the last three lousy days as well--the November 1 blocks coming it at 37 brought that average up significantly. |
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DebitMe
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November 07, 2015, 05:05:27 AM |
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2 days in a row with the lowest blocks found (only 22).
It's a very bad luck (finding block) or something else ? The average is around 28-29 blocks per day, right ?
The average last week was 28 blocks, yes. edit: but that includes the last three lousy days as well--the November 1 blocks coming it at 37 brought that average up significantly. Its all an average man. 2 days of bad luck is not uncommon and as actually very likely. Look at the months range to get an idea of where the pool is at. |
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TracerX
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November 07, 2015, 05:16:29 AM |
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2 days in a row with the lowest blocks found (only 22).
It's a very bad luck (finding block) or something else ? The average is around 28-29 blocks per day, right ?
The average last week was 28 blocks, yes. edit: but that includes the last three lousy days as well--the November 1 blocks coming it at 37 brought that average up significantly. Its all an average man. 2 days of bad luck is not uncommon and as actually very likely. Look at the months range to get an idea of where the pool is at. Debit is right. The network is based off of a system that will, by it's very nature, mathematically average out over the entire life of the blockchain. What that doesn't mean is that you won't have a particular bad week of luck, but that the longer you stay in the game the more likely it will be to average out for your personal mining endeavours. |
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crazyivan
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November 07, 2015, 06:55:26 AM |
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What s the lowest price for S5 you would expect in the next couple months? Since new S5 chips are not for sale anymore, the only thing which can affect it BTC price and diff.
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lumeire
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November 07, 2015, 10:27:19 AM |
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What s the lowest price for S5 you would expect in the next couple months? Since new S5 chips are not for sale anymore, the only thing which can affect it BTC price and diff.
It will probably float around 60-80k sats/Gh, like it already used to, and will move accordingly to the price of bitcoin. Gh prices in Hashnest have been mostly stable unless there is an introduction of a new miner, which is unlikely in the near future so I'd expect no large movement, only swings within a considerable spread in the coming months. |
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skuser
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November 07, 2015, 01:05:05 PM |
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What s the lowest price for S5 you would expect in the next couple months? Since new S5 chips are not for sale anymore, the only thing which can affect it BTC price and diff.
If they dump some cheap S7 batch to the market then there can be wild downside swings on the market too. And I am pretty sure they will do it. Anybody remembering that crazy umisoo dump called New Years sale last year?  Unless this happens the price should be stable for next 2 months following BTC and difficulty. After that it should start slowly dropping towards BTC halving date. |
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pumawolf
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November 08, 2015, 05:25:39 AM |
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in settings bound phone , is that sms, how does this one work is it withdrawal /login?
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crazyivan
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November 08, 2015, 07:22:05 AM |
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What s the lowest price for S5 you would expect in the next couple months? Since new S5 chips are not for sale anymore, the only thing which can affect it BTC price and diff.
If they dump some cheap S7 batch to the market then there can be wild downside swings on the market too. And I am pretty sure they will do it. Anybody remembering that crazy umisoo dump called New Years sale last year? Unless this happens the price should be stable for next 2 months following BTC and difficulty. After that it should start slowly dropping towards BTC halving date. Yes, I agree. I remember S4 being quite stable in price, for about 8 months, until S7 was introduced. Then again, halving is a complete different ballgame. |
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chmick
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November 16, 2015, 09:52:22 AM |
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What s the lowest price for S5 you would expect in the next couple months? Since new S5 chips are not for sale anymore, the only thing which can affect it BTC price and diff.
If they dump some cheap S7 batch to the market then there can be wild downside swings on the market too. And I am pretty sure they will do it. Anybody remembering that crazy umisoo dump called New Years sale last year? Unless this happens the price should be stable for next 2 months following BTC and difficulty. After that it should start slowly dropping towards BTC halving date. Yes, I agree. I remember S4 being quite stable in price, for about 8 months, until S7 was introduced. Then again, halving is a complete different ballgame. S5 price should go down . BTC is falling back to 300 and diff is going +8% . I f you add the previous +4 % . It will kill S5 rentability . And make it a risky investment . |
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kyrios_
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November 16, 2015, 09:56:48 AM |
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What s the lowest price for S5 you would expect in the next couple months? Since new S5 chips are not for sale anymore, the only thing which can affect it BTC price and diff.
If they dump some cheap S7 batch to the market then there can be wild downside swings on the market too. And I am pretty sure they will do it. Anybody remembering that crazy umisoo dump called New Years sale last year? Unless this happens the price should be stable for next 2 months following BTC and difficulty. After that it should start slowly dropping towards BTC halving date. Yes, I agree. I remember S4 being quite stable in price, for about 8 months, until S7 was introduced. Then again, halving is a complete different ballgame. S5 price should go down . BTC is falling back to 300 and diff is going +8% . I f you add the previous +4 % . It will kill S5 rentability . And make it a risky investment . there's a probability that s4/3 people will switch to s5 when btc price drop and difficulty increase. but yeah I think the price will go down, Too high right now. don't like s7 0.15% fee  |
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crazyivan
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November 16, 2015, 10:18:14 AM |
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What s the lowest price for S5 you would expect in the next couple months? Since new S5 chips are not for sale anymore, the only thing which can affect it BTC price and diff.
If they dump some cheap S7 batch to the market then there can be wild downside swings on the market too. And I am pretty sure they will do it. Anybody remembering that crazy umisoo dump called New Years sale last year? Unless this happens the price should be stable for next 2 months following BTC and difficulty. After that it should start slowly dropping towards BTC halving date. Yes, I agree. I remember S4 being quite stable in price, for about 8 months, until S7 was introduced. Then again, halving is a complete different ballgame. S5 price should go down . BTC is falling back to 300 and diff is going +8% . I f you add the previous +4 % . It will kill S5 rentability . And make it a risky investment . Well, any cloud mining operation is a big time risky investment. Not only cause of scam danger but also cause of galloping mining diff and significant price volatility. |
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chmick
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November 16, 2015, 12:36:37 PM |
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Well, any cloud mining operation is a big time risky investment. Not only cause of scam danger but also cause of galloping mining diff and significant price volatility.
Agreed . Waiting for the dust to settle . |
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lumeire
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November 17, 2015, 12:55:47 PM |
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Well, any cloud mining operation is a big time risky investment. Not only cause of scam danger but also cause of galloping mining diff and significant price volatility.
Agreed . Waiting for the dust to settle . I'd think the dust has already settled. The price for s5 has been constant around the .007 to .008 /Gh for the past 3 days. This was the price before the newer batches of s7s were introduced, then went nuts for a while before settling in again. We might not see another price disruption unless newer s7s are introduced one last time. I'd expect a bit of a constant increase from here in the coming months though. |
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crazyivan
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November 17, 2015, 01:00:48 PM |
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Well, any cloud mining operation is a big time risky investment. Not only cause of scam danger but also cause of galloping mining diff and significant price volatility.
Agreed . Waiting for the dust to settle . I'd think the dust has already settled. The price for s5 has been constant around the .007 to .008 /Gh for the past 3 days. This was the price before the newer batches of s7s were introduced, then went nuts for a while before settling in again. We might not see another price disruption unless newer s7s are introduced one last time. I'd expect a bit of a constant increase from here in the coming months though. Constant increase? With BTC price going up as well as 9% diff increasing?  ?? This is never gonna happen. |
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