HASHNEST Discussion and Support Thread

[Salmen]

It's really sad that S5 price goes down. My GHS lost from time to time worth in bitcoin.
What is the new Group function in Market?

Cheers
Salmen

[1714990505]

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[chmick]

Well here comes 1000 more S7

ldzly : 2015-11-23 09:45:39
Announcement

From November 25th, 2015, at 9 a.m. Beijing time , Hashnest will open sales 1000 units of batch 4 S7 hashing contracts.
23.11.2015

2015年11月23日

I doubt it, the S5 and S7 market took a bit hit the last couple of weeks.
A few weeks ago it was 2 BTC for 1 TH. The bitcoin price was around 270 USD then. Now the bitcoin price is 320 USD and the price for 1 TH is just 1.32 BTC.
This is not logical, he price should have increased at least 20% instead of falling in a decline of almost 40%.
This is a clear sign from whales stepping out of hashnest. Even they are fed up and lose trust of hashnest.

I think the dump is also because the next is probably gonna be cheaper . (I expect the previous price 1983 $)

whales out ? To go where ??

BW ??   there's no real competitor who deliver cloud mining and market place (not I know of at least)

[chrzczonki]

Hi guys,

I have little question regarding to block payouts on hasnest.


I have bought 640 GHS of Ant7 10th November and than my block gross payout was around 0.00015. Since than block gross payout (before maintenance fee) is regularly decreasing and now it's around 0.00012.

Is it normal?


I know, that difficulty may affect decreasing payout, but is it an only reason? Or my question should sound different: is it a reason, because block reward payout is decreasing without difficulty affecting on it - one day was 0.00015, another 0.00014, than after few days 0.00013 without any difficulty increasing.

So: what affect decreasing gross payout of single block reward?


Thank you in advance for your advices, clues and solutions!

[tempestb]

Hi guys,

I have little question regarding to block payouts on hasnest.


I have bought 640 GHS of Ant7 10th November and than my block gross payout was around 0.00015. Since than block gross payout (before maintenance fee) is regularly decreasing and now it's around 0.00012.

Is it normal?


I know, that difficulty may affect decreasing payout, but is it an only reason? Or my question should sound different: is it a reason, because block reward payout is decreasing without difficulty affecting on it - one day was 0.00015, another 0.00014, than after few days 0.00013 without any difficulty increasing.

So: what affect decreasing gross payout of single block reward?


Thank you in advance for your advices, clues and solutions!

Depends on how long it takes to find a block.  If they find a block fast, you earn more over time, if it takes awhile, you earn less over time.  It averages out in the end...

[HarryKPeters]

Hi guys,

I have little question regarding to block payouts on hasnest.


I have bought 640 GHS of Ant7 10th November and than my block gross payout was around 0.00015. Since than block gross payout (before maintenance fee) is regularly decreasing and now it's around 0.00012.

Is it normal?


I know, that difficulty may affect decreasing payout, but is it an only reason? Or my question should sound different: is it a reason, because block reward payout is decreasing without difficulty affecting on it - one day was 0.00015, another 0.00014, than after few days 0.00013 without any difficulty increasing.

So: what affect decreasing gross payout of single block reward?


Thank you in advance for your advices, clues and solutions!

Yes it is normal and for 2 reasons.

1) Since then already 1000 (2x 500) S7 > Around 5PH of new hash has been added to their pool. So more people need to share the same reward (25BTC)
2) The difficulty is going up, with means it takes longer to solve a block. In these case big miners profit since their share is also bigger of to total share (the total share is all user shares combined).

[chrzczonki]

Thank you tempestb and HarryKPeters!

Finally I understand block reward variances between particular blocks and continously decreasing gross payouts! Thanks a lot!

[galdur]

The average block time is the same, about ten minutes, and so is the resulting average number of blocks found per day. Increasing hash means increasing competition for that fixed amount, thus "difficulty". Total hash is presently over 500 petahash so in the next months you will hear the term exahash (EH/s).

[Altynbekova]

The average block time is the same, about ten minutes, and so is the resulting average number of blocks found per day. Increasing hash means increasing competition for that fixed amount, thus "difficulty". Total hash is presently over 500 petahash so in the next months you will hear the term exahash (EH/s).

I remember the time I had 10 TH at hashnest and that was a lot. These days i got over 80TH and I am still a small fish. Some really rich people are into mining these days.

[galdur]

[HN-AG]

Total hash is presently over 500 petahash so in the next months you will hear the term exahash (EH/s).

You have failed to take into account an important factor. As the diff rises and BTC/USD doesn't increase significantly or goes down older miners will be forced offline, I doubt we will see exahash in the next 6months-1year unless ofcourse BTC/USD doubles in price (Quadrople @ Halving).

[galdur]

Total hash is presently over 500 petahash so in the next months you will hear the term exahash (EH/s).

You have failed to take into account an important factor. As the diff rises and BTC/USD doesn't increase significantly or goes down older miners will be forced offline, I doubt we will see exahash in the next 6months-1year unless ofcourse BTC/USD doubles in price (Quadrople @ Halving).

Difficulty just increased by 10% and the next increase is predicted to be similar.

Doubling time to get to 1 EH/s from here:

10% diff increase every 14 days = about 100 days

7% = about 140 days

5% = about 200 days

Yeah, I think it´s highly likely that you´ll hear the term exahash in the coming months and it seems a given that total hash will be there in - say six months? Any shipping backlogs at Bitmain?

[HN-AG]

Total hash is presently over 500 petahash so in the next months you will hear the term exahash (EH/s).

You have failed to take into account an important factor. As the diff rises and BTC/USD doesn't increase significantly or goes down older miners will be forced offline, I doubt we will see exahash in the next 6months-1year unless ofcourse BTC/USD doubles in price (Quadrople @ Halving).

Difficulty just increased by 10% and the next increase is predicted to be similar.

Doubling time to get to 1 EH/s from here:

10% diff increase every 14 days = about 100 days

7% = about 140 days

5% = about 200 days

Yeah, I think it´s highly likely that you´ll hear the term exahash in the coming months and it seems a given that total hash will be there in - say six months? Any shipping backlogs at Bitmain?

Sure its possible that Bitmain will sell 100,000 S7's to take the diff to 1EH/s taking every miner out of profitability including S5, thats around 388PHs out of profitabilty and likely to shut down (Aug 22 2015   54,256,630,328   2.95%   388,384,088 GH/s) so that requires another 80,000 S7's to be sold to replace the shutdown miners

I highly doubt it though, unless BTC/USD gets a huge boost.

[galdur]

Total hash is presently over 500 petahash so in the next months you will hear the term exahash (EH/s).

You have failed to take into account an important factor. As the diff rises and BTC/USD doesn't increase significantly or goes down older miners will be forced offline, I doubt we will see exahash in the next 6months-1year unless ofcourse BTC/USD doubles in price (Quadrople @ Halving).

Difficulty just increased by 10% and the next increase is predicted to be similar.

Doubling time to get to 1 EH/s from here:

10% diff increase every 14 days = about 100 days

7% = about 140 days

5% = about 200 days

Yeah, I think it´s highly likely that you´ll hear the term exahash in the coming months and it seems a given that total hash will be there in - say six months? Any shipping backlogs at Bitmain?

Sure its possible that Bitmain will sell 100,000 S7's to take the diff to 1EH/s taking every miner out of profitability including S5, thats around 388PHs out of profitabilty and likely to shut down (Aug 22 2015   54,256,630,328   2.95%   388,384,088 GH/s) so that requires another 80,000 S7's to be sold to replace the shutdown miners

I highly doubt it though, unless BTC/USD gets a huge boost.

You may want to compare this chart to that of bitcoin since early 2014. If I had a bitcoin for every time I´ve heard that bitcoin needed a special boost in price for hashrate to increase I´d be a billionaire 

[flip21]

Total hash is presently over 500 petahash so in the next months you will hear the term exahash (EH/s).

You have failed to take into account an important factor. As the diff rises and BTC/USD doesn't increase significantly or goes down older miners will be forced offline, I doubt we will see exahash in the next 6months-1year unless ofcourse BTC/USD doubles in price (Quadrople @ Halving).

Difficulty just increased by 10% and the next increase is predicted to be similar.

Doubling time to get to 1 EH/s from here:

10% diff increase every 14 days = about 100 days

7% = about 140 days

5% = about 200 days

Yeah, I think it´s highly likely that you´ll hear the term exahash in the coming months and it seems a given that total hash will be there in - say six months? Any shipping backlogs at Bitmain?

Sure its possible that Bitmain will sell 100,000 S7's to take the diff to 1EH/s taking every miner out of profitability including S5, thats around 388PHs out of profitabilty and likely to shut down (Aug 22 2015   54,256,630,328   2.95%   388,384,088 GH/s) so that requires another 80,000 S7's to be sold to replace the shutdown miners

I highly doubt it though, unless BTC/USD gets a huge boost.

You may want to compare this chart to that of bitcoin since early 2014. If I had a bitcoin for every time I´ve heard that bitcoin needed a special boost in price for hashrate to increase I´d be a billionaire  

Here I analysed it  



Anyway pretty graphs that aren't created with AI/Magical Crystal Balls/Time Machine are pretty useless IMO.

[galdur]

Well, I´m not going to put money on that guy´s analysis. What others do is their business. I guess we´ll just have to see what we´ll see. I´ll be revisiting this subject later 

[newcoins1978]

I am not sure these analysis can be applied for hashnest cloud mining.

Their market is even more volatile then bitcoin.

While the bitcoin price keeps on rising, the value of hashnest cloud mining shares are getting decimated.

[galdur]

I am not sure these analysis can be applied for hashnest cloud mining.

Their market is even more volatile then bitcoin.

While the bitcoin price keeps on rising, the value of hashnest cloud mining shares are getting decimated.

This may pull back some in the next 11 days but then again it could very well end up even higher..

Estimated Next Difficulty:   81,490,860,319 (+12.06%)
Adjust time:   After 1731 Blocks, About 11.4 days

[DebitMe]

I am not sure these analysis can be applied for hashnest cloud mining.

Their market is even more volatile then bitcoin.

While the bitcoin price keeps on rising, the value of hashnest cloud mining shares are getting decimated.

This may pull back some in the next 11 days but then again it could very well end up even higher..

Estimated Next Difficulty:   81,490,860,319 (+12.06%)
Adjust time:   After 1731 Blocks, About 11.4 days

The last 3 days the estimate has been going up.  It started around 10% and has grown by 20% since then.  I would expect it to continue up a few more points before leveling off or pulling back a bit.

This is insane though, think about how much money into mining equipment there has to be to grow by 12%...

At the current network hashrate, roughly 541,240,606 GH/s, that equates to optimally a little over 111,360 S7's.  To grow by 10% from here, that is 11,000 S7's turned on.  Retailing at $1850 like they are on Hashnest, that is $20,350,000 in a 2 week period being put into mining equipment.  Of course these are just rough numbers, but its funny.  The price of bitcoin took about a 25% jump in the last month, and now we are seeing the hashrate follow suit.  Its very cause of effect oriented.

[galdur]

AntMiner S7 BATCH 8 with 4.73th/s is available to order. Shipping may start between Dec. 18 ~ 28 (if shipped out 5 days later than it, it won't be considered as delay ).

https://bitmaintech.com/product.htm

I guess they´re busy shipping Batch 7, which is sold out of course. Not sure about the sizes of those batches but
it´s probably massive, at least judging from the 10% increase in diff three days ago and the outlook 11 days from now.

[skuser]

S5 again at bargain prices even considering another +10% diff jump next period. But the question is how many +10% diff changes are yet to come