HASHNEST Discussion and Support Thread

[DebitMe]

Yea I can't withdraw at all.  Tried going through the withdraw process and after putting in my 2FA it just takes me back to the withdraw page and doesn't say success or error or anything.

Not sure whats up.

EDIT:  Scratch that, apparently it did go through, it just didn't give me a confirmation or take the coins out of my wallet right away.  Alls good though.

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[skuser]

Just word of warning - as the next difficulty jump will be quite brutal (about +20%) be prepared that the hashes prices will have to drop as the ROI at current prices will get crushed.

[wlefever]

Just word of warning - as the next difficulty jump will be quite brutal (about +20%) be prepared that the hashes prices will have to drop as the ROI at current prices will get crushed.

Yeah it has been pretty terrible holding on to S7 on Hashnest.  Just a steady drop in market price from the start, and no sign of letting up.  Only good thing is with btc price going up they should mine through the halving which is well away but a lot can happen before then.

[biggbox]

It is difficult to hold on to S7 hashes due to its volatility, generally you will be making losses as your S7 value plunges that cannot be covered fast enough through hashing. Looks like the traders and bots are winning. Worthwhile to hold on to S7 hashes? Doesn't look like it

[wlefever]

It is difficult to hold on to S7 hashes due to its volatility, generally you will be making losses as your S7 value plunges that cannot be covered fast enough through hashing. Looks like the traders and bots are winning. Worthwhile to hold on to S7 hashes? Doesn't look like it

It sure doesn't seem like it is worth it to hold on to S7 hashes, but surely at some point we will see it level off, right?  I am glad I sold off about 33% of my S7 in the .00121 range, but wish I would have dumped it as soon as it hit my account!

[biggbox]

Anyone has S7 Pacmi contracts? They have returned 35%  but it has already been 56 days. If I am not mistaken, it has a clause on the 90th days which states that contract might go into sleep mode.

What will happen after 90th day?

[DebitMe]

Anyone has S7 Pacmi contracts? They have returned 35% returned but it has already been 56 days. If I am not mistaken, it has a clause on the 90th days which states that contract might go into sleep mode.

What will happen after 90th day?

Only if it is unprofitable to run anymore.  They guarantee that no matter what they will run the contract for 90 days (not sure if its 90, used to be 107 or something), but if the S7 is unprofitable to run after that time is up, they can suspend the contract.

Go to the S7 hash page to see what the current maintenance fee to profitability ratio is.

[crazyivan]

Anyone has S7 Pacmi contracts? They have returned 35% returned but it has already been 56 days. If I am not mistaken, it has a clause on the 90th days which states that contract might go into sleep mode.

What will happen after 90th day?

Not to worry, you ll get your money back. But that s all, you ll reach ROI and all you did was to loan money to hashnest for free so they can finance their new farms and push the diff 30% per month up.
Great.

Switch to PoS, that s my main advice.

[biggbox]

Not to worry, you ll get your money back. But that s all, you ll reach ROI and all you did was to loan money to hashnest for free so they can finance their new farms and push the diff 30% per month up.
Great.

Switch to PoS, that s my main advice.

Only if it is unprofitable to run anymore.  They guarantee that no matter what they will run the contract for 90 days (not sure if its 90, used to be 107 or something), but if the S7 is unprofitable to run after that time is up, they can suspend the contract.

Go to the S7 hash page to see what the current maintenance fee to profitability ratio is.

Thank you. @DebitMe, yes it is 90 days. @CrazyIvan, but BTC is mainstream, I believe you are talking about trading between alt currencies, but I have no time for those :-(

By the way, I withdrew  more than 0.5 from Hashnest this afternoon but the transaction is still stuck at Unconfirmed. :-(

[chmick]

Thank you. @DebitMe, yes it is 90 days. @CrazyIvan, but BTC is mainstream, I believe you are talking about trading between alt currencies, but I have no time for those :-(

By the way, I withdrew  more than 0.5 from Hashnest this afternoon but the transaction is still stuck at Unconfirmed. :-(

It happened to me too. open a ticket to hashnest . I did it and it solved my problem

[biggbox]

Thank you. @DebitMe, yes it is 90 days. @CrazyIvan, but BTC is mainstream, I believe you are talking about trading between alt currencies, but I have no time for those :-(

By the way, I withdrew  more than 0.5 from Hashnest this afternoon but the transaction is still stuck at Unconfirmed. :-(

It happened to me too. open a ticket to hashnest . I did it and it solved my problem

I looked at my txn and I realised they only paid 0.0001 in fees from multiple inputs. I believe that is causing the lag. I am curious how opening a support ticket could resolve the issue? Did Hashnest reply? and what did they say?

[chmick]

Thank you. @DebitMe, yes it is 90 days. @CrazyIvan, but BTC is mainstream, I believe you are talking about trading between alt currencies, but I have no time for those :-(

By the way, I withdrew  more than 0.5 from Hashnest this afternoon but the transaction is still stuck at Unconfirmed. :-(

It happened to me too. open a ticket to hashnest . I did it and it solved my problem

I looked at my txn and I realised they only paid 0.0001 in fees from multiple inputs. I believe that is causing the lag. I am curious how opening a support ticket could resolve the issue? Did Hashnest reply? and what did they say?

I happened to me a few weeks before and yesterday . They replyed they solved the problem. I did not get explanation , but it worked .Sorry I can't be more helpful.

[biggbox]

Thank you. @DebitMe, yes it is 90 days. @CrazyIvan, but BTC is mainstream, I believe you are talking about trading between alt currencies, but I have no time for those :-(

By the way, I withdrew  more than 0.5 from Hashnest this afternoon but the transaction is still stuck at Unconfirmed. :-(

It happened to me too. open a ticket to hashnest . I did it and it solved my problem

I looked at my txn and I realised they only paid 0.0001 in fees from multiple inputs. I believe that is causing the lag. I am curious how opening a support ticket could resolve the issue? Did Hashnest reply? and what did they say?

I happened to me a few weeks before and yesterday . They replyed they solved the problem. I did not get explanation , but it worked .Sorry I can't be more helpful.

No worries my friend. There is no need to apologise. I am glad someone responded to my query. I thought I was the only one with this problem. I cannot believe Hashnest can be so stingy with their txn fees. Haha.

[chmick]

My view of bitcoin future (waiting fo your comment to see if my logic is sound).

What do we know :

• like Jon Snow said : "halving is coming "  
• bitcoin is going main stream (meaning more and more people knows it exists -despite a bad press sometime-, and start to have curiosity about it)
• bitcoin is a currency but also business (mainly mining trading and payment )
• even if we start to ear about quantum computing, Moore law still apply with an 18 month time interval .
• during the gold rush, those who got reach were selling picks and shovels

based on this , I can not imagine companies like bitmain knc bitfury and other , doing nothing and let their business die , meaning let the mining be unprofitable . Even with the new chips and lowering their price (humour me and assume they make a 30 % margin / device)  , they have to keep ROI low  to make hardware attractive .

for example if we keep current price and diff , after the halving an S7 would ROI at best after 2 years more or less , which sound like a risky business .
Plus the miners don't want to mine at lost or to sell hardware before ROI .

so my logic is : a part of the "mining income decrease" after the halving will be absorb by lowering hardware price (or to be more precise keeping profitabilty up)
                        and the other part be pumping BTC price up.

to my opinion assuming hardware goes down by 25 %( and even with new 13 nm chip) to keep some profitabilty  , that means BTC price should go above 600 $ to keep mining attractive .

what do you think ?

[Roquene]

Server problems?
Get "504 Gateway Time-out" at login.

[Dumbasef]

Server problems?
Get "504 Gateway Time-out" at login.

Same here. I think it is being denied of service. DDOSed.

[Roquene]

Server problems?
Get "504 Gateway Time-out" at login.

Same here. I think it is being denied of service. DDOSed.

Possible. At least the App on Android still works.
So have full access to my account.

[J0hnnyb]

Server problems?
Get "504 Gateway Time-out" at login.

fixed

[crazyivan]

My view of bitcoin future (waiting fo your comment to see if my logic is sound).

What do we know :

• like Jon Snow said : "halving is coming "  
• bitcoin is going main stream (meaning more and more people knows it exists -despite a bad press sometime-, and start to have curiosity about it)
• bitcoin is a currency but also business (mainly mining trading and payment )
• even if we start to ear about quantum computing, Moore law still apply with an 18 month time interval .
• during the gold rush, those who got reach were selling picks and shovels

based on this , I can not imagine companies like bitmain knc bitfury and other , doing nothing and let their business die , meaning let the mining be unprofitable . Even with the new chips and lowering their price (humour me and assume they make a 30 % margin / device)  , they have to keep ROI low  to make hardware attractive .

for example if we keep current price and diff , after the halving an S7 would ROI at best after 2 years more or less , which sound like a risky business .
Plus the miners don't want to mine at lost or to sell hardware before ROI .

so my logic is : a part of the "mining income decrease" after the halving will be absorb by lowering hardware price (or to be more precise keeping profitabilty up)
                        and the other part be pumping BTC price up.

to my opinion assuming hardware goes down by 25 %( and even with new 13 nm chip) to keep some profitabilty  , that means BTC price should go above 600 $ to keep mining attractive .

what do you think ?

Yes, this sound like common sense. But it does not compensate for a fact that cloud miners have been losing money for the last 6 months. With this diff growth, unless you daytrade hash, it s simply not possible to make any money.

[sbtctalk]

Are there any trading bots for hashnest available on github?