HASHNEST Discussion and Support Thread

[crazyivan]

What all this obviously means is that no, cloud mining operations aren´t selling you hash out of the goodness of their hearts, you´re in effect financing their mining equipment. It´s a great deal for them because very few people actually make any money out of this (get back money loaned) except of course the referral shills that convince people to join these largely hopeless deals. They get their commission for the victims provided.

This is true but I ve seen people making money on cloud mining operations which allow hash trading. I am one of these people. The other option s constant reinvesting large chunck of your payouts which does signficanlty prolong ROI time. Is all this worth that trouble?

I sincerely do not know anymore.

What s become a reality is that making money in crypto s become extremely hard due to harsh competition. Good old easy day are behind us.

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[Bitshire Hashaway]

 I wish there was an option of investing in dropping prices. S5 obviously going down hard and there is no limit on how hard it will fall. The biggest barrier is at 18010 and thats only 25000G.

[galdur]

What all this obviously means is that no, cloud mining operations aren´t selling you hash out of the goodness of their hearts, you´re in effect financing their mining equipment. It´s a great deal for them because very few people actually make any money out of this (get back money loaned) except of course the referral shills that convince people to join these largely hopeless deals. They get their commission for the victims provided.

This is true but I ve seen people making money on cloud mining operations which allow hash trading. I am one of these people. The other option s constant reinvesting large chunck of your payouts which does signficanlty prolong ROI time. Is all this worth that trouble?

I sincerely do not know anymore.

What s become a reality is that making money in crypto s become extremely hard due to harsh competition. Good old easy day are behind us.

Yes, this model where you can trade the hash is the only one which remotely makes sense in cloud mining. For the customers that is. It is possible to make some money, although I doubt that many do, and you can at least cash out when you like.

It´s too much to say that cloud mining is a scam, at least those that actually operate mining gear, but certainly it´s misleading. They prey on the ignorance of the customers. Lifetime contracts and all that. It´s meaningless when difficulty keeps ballooning.

[skuser]

 I wish there was an option of investing in dropping prices. S5 obviously going down hard and there is no limit on how hard it will fall. The biggest barrier is at 18010 and thats only 25000G.

At 0.18 you are close to return 1% per day on mining so I doubt it can go lower for now. Next difficulty change doesn't look horrible too.

[Bitshire Hashaway]

 If you put the % of maintenence price , it will be much lesser then %1 per day. It will probably go lower then the cost of keeping them and you will have loss everyday you keep it. Not anytime soon but it will be there until june.

[galdur]

The amount of hash mining is absolutely staggering. A year ago it was about 300 million GH/s, now it´s about
900 million. That is the average of the last 504 blocks mined. The hash at the last adjustment, Jan 13th, was 811 million. I think the diff increase will end up lower than this indicates, they mine like crazy within the adjustment period and big players/cabal turn off gear towards the end of the period to influence the adjustment. Maybe it´ll be like 5%, even less it´s difficult to tell.

[crazyivan]

The amount of hash mining is absolutely staggering. A year ago it was about 300 million GH/s, now it´s about
900 million. That is the average of the last 504 blocks mined. The hash at the last adjustment, Jan 13th, was 811 million. I think the diff increase will end up lower than this indicates, they mine like crazy within the adjustment period and big players/cabal turn off gear towards the end of the period to influence the adjustment. Maybe it´ll be like 5%, even less it´s difficult to tell.

It went over 1 billion the other day, it was all over the news. It keeps going up and up. This is why the only way to keep this industry profitable is for BTC price to double before halving.

[skuser]

 If you put the % of maintenence price , it will be much lesser then %1 per day. It will probably go lower then the cost of keeping them and you will have loss everyday you keep it. Not anytime soon but it will be there until june.

No this is calculated after maintenance. At 390 USD/BTC and 0.18 per THs you are mining about 0.00157 BTC/Ths/day net, which is 0.9% yield per day. Or in so hated ROI terms 115 days

[galdur]

The amount of hash mining is absolutely staggering. A year ago it was about 300 million GH/s, now it´s about
900 million. That is the average of the last 504 blocks mined. The hash at the last adjustment, Jan 13th, was 811 million. I think the diff increase will end up lower than this indicates, they mine like crazy within the adjustment period and big players/cabal turn off gear towards the end of the period to influence the adjustment. Maybe it´ll be like 5%, even less it´s difficult to tell.

It went over 1 billion the other day, it was all over the news. It keeps going up and up. This is why the only way to keep this industry profitable is for BTC price to double before halving.

As the hash/difficulty balloons the price of bitcoin is pretty much forced to follow suit. That is if the market thinks that bitcoin has a future, which seems likely. This is the trend. The price has to stay high enough to not threaten most major mining and with it the blockchain.

[galdur]

So, you have this floor under bitcoin. How it behaves above this floor well, that´s the market, it´s for traders to figure out.

[Bitshire Hashaway]

 Yes it yields %0.9 a day but like I said , that will go down in soon future. Soon enough keeping it will cost more then selling it.

[rastislav365]

 If you put the % of maintenence price , it will be much lesser then %1 per day. It will probably go lower then the cost of keeping them and you will have loss everyday you keep it. Not anytime soon but it will be there until june.

No this is calculated after maintenance. At 390 USD/BTC and 0.18 per THs you are mining about 0.00157 BTC/Ths/day net, which is 0.9% yield per day. Or in so hated ROI terms 115 days

Hi,


How much I mining from S7 with 1 THs per day?

[DebitMe]

 If you put the % of maintenence price , it will be much lesser then %1 per day. It will probably go lower then the cost of keeping them and you will have loss everyday you keep it. Not anytime soon but it will be there until june.

No this is calculated after maintenance. At 390 USD/BTC and 0.18 per THs you are mining about 0.00157 BTC/Ths/day net, which is 0.9% yield per day. Or in so hated ROI terms 115 days

Hi,


How much I mining from S7 with 1 THs per day?

Go to www.bitcoinwisdom.com and use their calculator and it will tell you exactly how much you will mine per day.

[lenoli]

 If you put the % of maintenence price , it will be much lesser then %1 per day. It will probably go lower then the cost of keeping them and you will have loss everyday you keep it. Not anytime soon but it will be there until june.

No this is calculated after maintenance. At 390 USD/BTC and 0.18 per THs you are mining about 0.00157 BTC/Ths/day net, which is 0.9% yield per day. Or in so hated ROI terms 115 days

Hi,


How much I mining from S7 with 1 THs per day?

the price of s7 is going so down, that you will never get that amount of btc, what you will invest

[skuser]

 If you put the % of maintenence price , it will be much lesser then %1 per day. It will probably go lower then the cost of keeping them and you will have loss everyday you keep it. Not anytime soon but it will be there until june.

No this is calculated after maintenance. At 390 USD/BTC and 0.18 per THs you are mining about 0.00157 BTC/Ths/day net, which is 0.9% yield per day. Or in so hated ROI terms 115 days

Hi,


How much I mining from S7 with 1 THs per day?

S7 mines about 0,003 BTC/Ths/day which is at current prices about 0.6% daily yield.

[rastislav365]

 If you put the % of maintenence price , it will be much lesser then %1 per day. It will probably go lower then the cost of keeping them and you will have loss everyday you keep it. Not anytime soon but it will be there until june.

No this is calculated after maintenance. At 390 USD/BTC and 0.18 per THs you are mining about 0.00157 BTC/Ths/day net, which is 0.9% yield per day. Or in so hated ROI terms 115 days

Hi,


How much I mining from S7 with 1 THs per day?

S7 mines about 0,003 BTC/Ths/day which is at current prices about 0.6% daily yield.

Thanks.
This is in practice or theory? 0.6% per day is very good. It's probably no maintenance ...

[skuser]

Guys why would I calculate earnings without maintenance??? Without maintenance are the earnings for all the machines the same...it's the number you can see for example here https://bitcoinwisdom.com/bitcoin/difficulty. At current difficulty you can mine 0.004437 BTC/Ths/day. Now depending on miner type you'll deduct the maintenance fees. The fees at hashnest are in USD, so you have to convert them using current USD/BTC rate. Then you'l get the number I am posting.

The percentage yields are so high because there is a bit of panic going on after recent BTC rate drop and huge difficulty increase and the hashnest market overreacts. Theoretical ROI for S5 is now about 110 days. Or in other words you'll make 10% in about 11 days as next difficulty change will be only small.

[galdur]

Guys why would I calculate earnings without maintenance??? Without maintenance are the earnings for all the machines the same...it's the number you can see for example here https://bitcoinwisdom.com/bitcoin/difficulty. At current difficulty you can mine 0.004437 BTC/Ths/day. Now depending on miner type you'll deduct the maintenance fees. The fees at hashnest are in USD, so you have to convert them using current USD/BTC rate. Then you'l get the number I am posting.

The percentage yields are so high because there is a bit of panic going on after recent BTC rate drop and huge difficulty increase and the hashnest market overreacts. Theoretical ROI for S5 is now about 110 days. Or in other words you'll make 10% in about 11 days as next difficulty change will be only small.

You don´t calculate earnings without maintenance. It goes without saying.

Since maintenance is calculated in Dollar, the lower the BTC price, the higher the maintenance vs. payout until you´re screwed. And the higher the BTC price the more incentive to mine and the higher difficulty and you´re wiped out that way.

[rastislav365]

Hi,

Today, the S7 Maintenance 31.5%. What happens when the fee for block $ 12.5?

[cesmak]

Hi,

Today, the S7 Maintenance 31.5%. What happens when the fee for block $ 12.5?

Simple dobule the maintenance, but only if btc price remains the same, bacause maintence is paid in US$ so they have to exchange some BTC to pay off....