HASHNEST Discussion and Support Thread

[ps_jb]

Bitfury only has chips as this point and no working boards.  Won't see this mass production out of them for at least 8 more weeks at a minimum.  What we have seen added to the network has been Bitfury's Georgia farm fully up and running on 28 nm(https://bitcointalk.org/index.php?topic=1291890.msg13835791#msg13835791), BW's newest miners and more S7 with cheap power.

Next two increase of difficulties periods will be VERY interesting time for whole community

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[galdur]

It continues and is accelerating. Average block generation time is down to 500 seconds with six days to go until
it´ll be adjusted to 600. Total hashrate over 1.2 Exahash/s. At the present rate of increase it could double in the next two to three months. Time will tell.

• Difficulty History
  
  Date   Difficulty   Change   Hash Rate
  Feb 07 2016   144,116,447,847   20.06%   1,031,625,717 GH/s
  Jan 26 2016   120,033,340,651   5.89%   859,232,121 GH/s
  Jan 13 2016   113,354,299,801   9.12%   811,421,684 GH/s
  Dec 31 2015   103,880,340,815   11.16%   743,604,444 GH/s
  Dec 18 2015   93,448,670,796   18.14%   668,931,642 GH/s
  Dec 06 2015   79,102,380,900   8.77%   566,236,898 GH/s
  Nov 24 2015   72,722,780,643   10.44%   520,569,941 GH/s
  Nov 11 2015   65,848,255,180   5.77%   471,360,171 GH/s

[mandica]

BitFury Announces Mass Production of Fastest and Most Effective 16nm ASIC Chip in the World

http://www.businesswire.com/news/home/20151216005453/en/BitFury-Announces-Mass-Production-Fastest-Effective-16nm

Bitmain S7 is 0.25 J/GH.

Bitfury claims this chip is 0.07 J/GH on the high end, 0.055 on the low end!

I think, S7 will be dead soon.

Bitfury only has chips as this point and no working boards.  Won't see this mass production out of them for at least 8 more weeks at a minimum.  What we have seen added to the network has been Bitfury's Georgia farm fully up and running on 28 nm(https://bitcointalk.org/index.php?topic=1291890.msg13835791#msg13835791), BW's newest miners and more S7 with cheap power.

I think the 16 nm has been used by the manufacturers already. The difficulty just is too fast in the last two weeks.

[lumeire]

It continues and is accelerating. Average block generation time is down to 500 seconds with six days to go until
it´ll be adjusted to 600. Total hashrate over 1.2 Exahash/s. At the present rate of increase it could double in the next two to three months. Time will tell.

• Difficulty History
  
  Date   Difficulty   Change   Hash Rate
  Feb 07 2016   144,116,447,847   20.06%   1,031,625,717 GH/s
  Jan 26 2016   120,033,340,651   5.89%   859,232,121 GH/s
  Jan 13 2016   113,354,299,801   9.12%   811,421,684 GH/s
  Dec 31 2015   103,880,340,815   11.16%   743,604,444 GH/s
  Dec 18 2015   93,448,670,796   18.14%   668,931,642 GH/s
  Dec 06 2015   79,102,380,900   8.77%   566,236,898 GH/s
  Nov 24 2015   72,722,780,643   10.44%   520,569,941 GH/s
  Nov 11 2015   65,848,255,180   5.77%   471,360,171 GH/s

That's too bad, now especially the price is stagnant at sub-$400. It's eating up all the profits. If it goes on like this even the S5s will be pushed out of the market.

[ScRp2D2]

Is Hashnest down?

Getting through .. but nothing returned.  Scary.

[Nioctib77]

Whats happening with Hashnest

Ye very scary

[chmick]

Whats happening with Hashnest

Ye very scary

so I'm not the only one . even android app is down

[Salmen]

Is Hashnest down?

Getting through .. but nothing returned.  Scary.

Same here.

[RedRockMining]

Same here. Checking http://www.isitdownrightnow.com/hashnest.com.html shows intermittently up and down. Pretty ominous that it can connect but have zero content.

It's 6AM in China now. Hopefully someone's getting to work soon...

[bones261]

Same here. Checking http://www.isitdownrightnow.com/hashnest.com.html shows intermittently up and down. Pretty ominous that it can connect but have zero content.

It's 6AM in China now. Hopefully someone's getting to work soon...

Yeah, Spring festival is now over. Hopefully, someone at Bitmain is not too hung over to get it up and running again.

[DebitMe]

Same here. Checking http://www.isitdownrightnow.com/hashnest.com.html shows intermittently up and down. Pretty ominous that it can connect but have zero content.

It's 6AM in China now. Hopefully someone's getting to work soon...

Yeah, Spring festival is now over. Hopefully, someone at Bitmain is not too hung over to get it up and running again.

Alright, not just me.  Thought it was weird that I wasn't getting an error, but just nothing coming up.

[ScRp2D2]

.. aaaannnd they're back

[RedRockMining]

Main page only is back now (for me anyway). Links beyond main page are still non-functional.

Update: 1:04 AM UTC time site appears to be back in full. From the hashrate charts looks like about a 5.5 hour outage.

[crazyivan]

I have to say I d expect some news about 16nm from Hashnest as well. Cause if diff continues galloping this way and block halves, there s no ASIC that would be profitable. I refuse to believe they would simply shut down their farms and wait for difficulty to go down again.

[wlefever]

I have to say I d expect some news about 16nm from Hashnest as well. Cause if diff continues galloping this way and block halves, there s no ASIC that would be profitable. I refuse to believe they would simply shut down their farms and wait for difficulty to go down again.

They definitely won't shut down their farms because they are mining at some of the cheapest electricity rates available anywhere. It is not the amount they charge on Hashnest that is for sure, and they are the ones flooding the network with more hash right now anyways so it would be their own fault.

[galdur]

I have to say I d expect some news about 16nm from Hashnest as well. Cause if diff continues galloping this way and block halves, there s no ASIC that would be profitable. I refuse to believe they would simply shut down their farms and wait for difficulty to go down again.

They definitely won't shut down their farms because they are mining at some of the cheapest electricity rates available anywhere. It is not the amount they charge on Hashnest that is for sure, and they are the ones flooding the network with more hash right now anyways so it would be their own fault.

They´ve probably been trying to get rid of some competition, flooding it out, and at the same time gain more control over the trading leading up to the halving. The timing would seem to indicate so. They began selling s7 Sept-Oct and you would expect the market to begin pricing in the halving 6-9 months before it takes place. That´s pretty typical market behavior, not just in bitcoin.

[galdur]

It´s just strategy. Businessmen don´t do random and most definitely not in such a complex and volatile business as bitcoin.

[chmick]

It´s just strategy. Businessmen don´t do random and most definitely not in such a complex and volatile business as bitcoin.

do you think in the same time hardware producer are pumping btc price to keep the profitabilty up ?

[deadpoolx]

BitFury Announces Mass Production of Fastest and Most Effective 16nm ASIC Chip in the World

http://www.businesswire.com/news/home/20151216005453/en/BitFury-Announces-Mass-Production-Fastest-Effective-16nm

Bitmain S7 is 0.25 J/GH.

Bitfury claims this chip is 0.07 J/GH on the high end, 0.055 on the low end!

I think, S7 will be dead soon.

Bitfury only has chips as this point and no working boards.  Won't see this mass production out of them for at least 8 more weeks at a minimum.  What we have seen added to the network has been Bitfury's Georgia farm fully up and running on 28 nm(https://bitcointalk.org/index.php?topic=1291890.msg13835791#msg13835791), BW's newest miners and more S7 with cheap power.

I think the 16 nm has been used by the manufacturers already. The difficulty just is too fast in the last two weeks.

That's very likely. Someone has references about it?

[galdur]

It´s just strategy. Businessmen don´t do random and most definitely not in such a complex and volatile business as bitcoin.

do you think in the same time hardware producer are pumping btc price to keep the profitabilty up ?

Without the blockchain there is no bitcoin so the bottom in the bitcoin price can´t really be below the profitability break even, at least not not for long. Major mining has to have a financial incentive to mine, or so I would imagine. Don´t the Chinese dominate everything, hardware mining trading? It seems likely that they manipulate things and all major markets are more or less controlled anyway, free market rhetoric notwithstanding.