|
biggbox
|
 |
December 26, 2015, 03:17:33 PM |
|
So it looks like it is possible to convert Hashnest GHS to codes. But how did that eBay seller do it? Is he related to Hashnest in some way since there isn't options in our dashboard to do conversion any more.
@DebitMe, it doesn't seem like old codes since S7 hashes are available which indicate it could be quite new.
Or is there some back door channels to do conversions such as e-mailing Bitman?
|
1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
|
|
|
|
|
|
|
|
|
|
"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
Karpeon
Newbie
 Offline
Activity: 19
Merit: 0
|
|
December 26, 2015, 04:20:04 PM |
|
Hi everyone!!! Quick question. Right now 1ghs of S7 is under 0.00093 and bit main continues to sell 4860 (1 S7) at 5,40 BTC. I don't get why people are still buying That since you can purchase 4860 of hashrate right now on the market for lot less. Also, you have to wait a few days in order to have the hashrate available at you account. I'm confused.
|
|
|
|
|
kntdookoo
Newbie
Offline
Activity: 26
Merit: 0
|
|
December 26, 2015, 04:45:59 PM |
|
Hi everyone!!! Quick question. Right now 1ghs of S7 is under 0.00093 and bit main continues to sell 4860 (1 S7) at 5,40 BTC. I don't get why people are still buying That since you can purchase 4860 of hashrate right now on the market for lot less. Also, you have to wait a few days in order to have the hashrate available at you account. I'm confused.
Don't try to understand the theory behind pricing of HW vs. GHS. There will be correction to the price soon i'm sure. The $50 drop happened over the last 24 hours so give it another day. S5 is still a better buy in regards to ROI. But of course this depends if BTC price can hold steady. |
|
|
|
|
crazyivan
Legendary
Offline
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
|
|
December 27, 2015, 08:46:57 AM |
|
Hi everyone!!! Quick question. Right now 1ghs of S7 is under 0.00093 and bit main continues to sell 4860 (1 S7) at 5,40 BTC. I don't get why people are still buying That since you can purchase 4860 of hashrate right now on the market for lot less. Also, you have to wait a few days in order to have the hashrate available at you account. I'm confused.
Don't try to understand the theory behind pricing of HW vs. GHS. There will be correction to the price soon i'm sure. The $50 drop happened over the last 24 hours so give it another day. S5 is still a better buy in regards to ROI. But of course this depends if BTC price can hold steady. If you can be sure one think in Crypto, that is that BTC price will NOT hold steady. |
|
|
|
Karpeon
Newbie
Offline
Activity: 19
Merit: 0
|
|
December 27, 2015, 11:39:55 AM |
|
Guys thanks for the reply. Let me put it this way. If you want to buy 4860 ghs in the market (0.00092/3/4 x 4860) you will need Aprox 4.5 BTC. Then again, yesterday S7 miners were sold at 5,4 BTC. (Aprox 0.0011 per GHs) and also the waiting time. Am I missing something here? Who on earth buys an S7 miner at 5,4 BTC while you have much cheaper Ghs available to hash right away...still confusing.
|
|
|
|
|
wlefever
Legendary
Offline
Activity: 1173
Merit: 1001
|
|
December 27, 2015, 01:32:47 PM |
|
Guys thanks for the reply. Let me put it this way. If you want to buy 4860 ghs in the market (0.00092/3/4 x 4860) you will need Aprox 4.5 BTC. Then again, yesterday S7 miners were sold at 5,4 BTC. (Aprox 0.0011 per GHs) and also the waiting time. Am I missing something here? Who on earth buys an S7 miner at 5,4 BTC while you have much cheaper Ghs available to hash right away...still confusing.
That wasn't always the case. Before the markets crashed down it was a much better price to get them in the shop even with the waiting period. Problem is as soon as those miners hit users accounts they were dumped which has made market prices the better option. Bitmain won't lower the price too much because IMO they already have them mining at a lower electricity rate then we pay in maintenance on Hashnest so they are in no rush to sell the remaining in the shop. |
|
|
|
|
chmick
|
|
December 29, 2015, 07:01:46 PM |
|
Guys thanks for the reply. Let me put it this way. If you want to buy 4860 ghs in the market (0.00092/3/4 x 4860) you will need Aprox 4.5 BTC. Then again, yesterday S7 miners were sold at 5,4 BTC. (Aprox 0.0011 per GHs) and also the waiting time. Am I missing something here? Who on earth buys an S7 miner at 5,4 BTC while you have much cheaper Ghs available to hash right away...still confusing.
That wasn't always the case. Before the markets crashed down it was a much better price to get them in the shop even with the waiting period. Problem is as soon as those miners hit users accounts they were dumped which has made market prices the better option. Bitmain won't lower the price too much because IMO they already have them mining at a lower electricity rate then we pay in maintenance on Hashnest so they are in no rush to sell the remaining in the shop. Another scenario : Nobody buys from the shop. But bitmain , remove S7 from the shop and sell them on the market . Since they are fixing the shop price and they can dump a big amount on the market , then can make some extra profit . |
|
|
|
|
Karpeon
Newbie
Offline
Activity: 19
Merit: 0
|
|
December 30, 2015, 01:30:04 AM |
|
Really? I don't know what to think anymore. It wasn't but a month ago s5 hash was more expensive than today's s7. I mean I started to buy when I saw drop to 0.0012 or so, but it's been nothing but loosing from me. I have about 4ths, better said "I'm stucked with it " or be prepare to lose big time. I'm missing o a lot of things here...
|
|
|
|
|
bones261
Legendary
Offline
Activity: 1806
Merit: 1826
|
|
December 30, 2015, 02:02:21 AM
Last edit: December 30, 2015, 02:15:22 AM by bones261 |
|
Really? I don't know what to think anymore. It wasn't but a month ago s5 hash was more expensive than today's s7. I mean I started to buy when I saw drop to 0.0012 or so, but it's been nothing but loosing from me. I have about 4ths, better said "I'm stucked with it " or be prepare to lose big time. I'm missing o a lot of things here...
If you bought your own S7 with the power supply for $2000 and electricity cost you 10 cents per kw, it would take you almost 6 months to get your investment back, if the bitcoin difficulty does not rise. (Which it will.) Plus you would have to hope your S7 doesn't break. Unfortunately, this is how Bitcoin mining has been for a while. The benefit that you are getting from Hashnest is that you do not have to worry about equipment breakdown, and you can readily sell your hash rather than have to worry about trying to pawn it off on e-bay once it starts to approach obsolescence. |
|
|
|
|
|
galdur
|
|
December 30, 2015, 02:08:27 AM |
|
You have to expect increased selling of the hash as BTC rises because 1. traders will want to cash in profits in dollar terms and 2. rising BTC has led to ballooning difficulty and thus falling payouts which in turn leads to lower hash price since traders will want to price in the ROI according to the payout. It´s like in other markets; if you end up behind the curve, tough luck. It´s dog eat dog.
|
|
|
|
|
HarryKPeters
|
|
December 30, 2015, 03:25:51 PM |
|
Wow just saw the price of the S5/S7 take another fall.
If it goes with this peace a lot of btc will be lost.
I can't believe it's just the difficulty which is causing this fall. Surely some scare tactics are being used.
|
|
|
|
matt4054
Legendary
Offline
Activity: 1946
Merit: 1035
|
|
December 30, 2015, 05:04:19 PM |
|
Wow just saw the price of the S5/S7 take another fall.
If it goes with this peace a lot of btc will be lost.
I can't believe it's just the difficulty which is causing this fall. Surely some scare tactics are being used.
It's always the same. When diff spikes during a month or so, hash power is oversold. Then when it goes back to plateau for a few months or so, hash power aligns back to ROI-based price. So it's easy to make a profit if you have spare BTC, instead of using insta-trade bots, just buy cheap S7 now and sell when the diff rise is settled in a few months. Profit will be much higher... Difficulty is hard to predict, yet somewhat predictable. After mining at loss for a few diff rounds, mining farms will shut down any hardware that runs above 0.5 J/GH. Of course it will be instantly compensated with newer hardware, but the rise will be compounded during the renewal / generation shifts. |
|
|
|
|
wlefever
Legendary
Offline
Activity: 1173
Merit: 1001
|
|
December 30, 2015, 11:32:42 PM |
|
It's always the same. When diff spikes during a month or so, hash power is oversold. Then when it goes back to plateau for a few months or so, hash power aligns back to ROI-based price. So it's easy to make a profit if you have spare BTC, instead of using insta-trade bots, just buy cheap S7 now and sell when the diff rise is settled in a few months. Profit will be much higher...
Difficulty is hard to predict, yet somewhat predictable. After mining at loss for a few diff rounds, mining farms will shut down any hardware that runs above 0.5 J/GH. Of course it will be instantly compensated with newer hardware, but the rise will be compounded during the renewal / generation shifts.
Although I haven't jumped i on more S7 yet I hope you are right and we see that period in a few months. |
|
|
|
|
calkob
|
|
December 31, 2015, 12:19:04 AM |
|
I have been thinking about getting in on this for a few days now, is it even profitable? and what technically knowledge do you need, if any?
|
|
|
|
|
DebitMe
Legendary
Offline
Activity: 2786
Merit: 1011
Get Paid Crypto To Walk or Drive
|
|
December 31, 2015, 02:38:40 AM |
|
I have been thinking about getting in on this for a few days now, is it even profitable? and what technically knowledge do you need, if any?
What have you been thinking of getting in on? Hashnest offers many different investment opportunities and they each carry different levels of risk/reward. But, you really should go to Hashnest and read the ToS of each asset yourself. Taking advice from strangers on the internet and blindly investing in something on their word without fully understanding the risks or even the asset is a good way to lose a lot of money quickly. Do your research and understand what cloud mining is and how it works, figure out what Hashnest offers and whether it is profitable or not, then if you have any further questions come back here and we can answer them for you. |
|
|
|
|
syndria
|
|
December 31, 2015, 02:39:43 AM |
|
What is happening to hashnest? I cant log in on the site the input area has gone and only the app is on but the app is not working on me too. What to do now?
|
|
|
|
|
cesmak
Legendary
Offline
Activity: 1050
Merit: 1009
|
|
December 31, 2015, 07:33:42 AM |
|
I've tried just a few minutes ago, and for me all worked fine.....
|
|
|
|
|
lenoli
|
|
December 31, 2015, 07:38:55 AM |
|
Wow just saw the price of the S5/S7 take another fall.
If it goes with this peace a lot of btc will be lost.
I can't believe it's just the difficulty which is causing this fall. Surely some scare tactics are being used.
yes, its too bad, that the prices is going down again, buying s7 now is very risky.  |
|
|
|
|
|
MTBTT
|
|
December 31, 2015, 08:50:20 AM |
|
What is happening to hashnest? I cant log in on the site the input area has gone and only the app is on but the app is not working on me too. What to do now?
no problem dude, I tried to log on the site and work as usual.. try again, possibly already repaired |
|
|
|
|
|
biggbox
|
|
December 31, 2015, 12:53:54 PM |
|
What is happening to hashnest? I cant log in on the site the input area has gone and only the app is on but the app is not working on me too. What to do now?
It is working for me. Wow just saw the price of the S5/S7 take another fall.
If it goes with this peace a lot of btc will be lost.
I can't believe it's just the difficulty which is causing this fall. Surely some scare tactics are being used.
It's always the same. When diff spikes during a month or so, hash power is oversold. Then when it goes back to plateau for a few months or so, hash power aligns back to ROI-based price. So it's easy to make a profit if you have spare BTC, instead of using insta-trade bots, just buy cheap S7 now and sell when the diff rise is settled in a few months. Profit will be much higher... Difficulty is hard to predict, yet somewhat predictable. After mining at loss for a few diff rounds, mining farms will shut down any hardware that runs above 0.5 J/GH. Of course it will be instantly compensated with newer hardware, but the rise will be compounded during the renewal / generation shifts. What is the average time you hold on to your hashes? |
1Cr9iLWm2dSGH8259VQd2wDzpkR63jGVjW
|
|
|
|
