HASHNEST Discussion and Support Thread

[JessicaG]

So anyone buying these v5 contracts? 3.25% is low for the risk so I am undecided at this point, but maybe better then just sitting in my Trezor.....

Correct me if I'm wrong, but all of these contracts have returned the initial investment.  BITMAIN will likely stay in business for the duration of your contract, but their is always risk involved.  I personally would drop the coin if it were just sitting on my Trezor.  If you don't have a total aversion to risk, it's a pretty safe play.

I'm pretty sure they do; roughly a week ago they announced being in the process of building the second-largest datacenter in the world (!), of which Bitmain themselves will occupy a good deal of them 

Wow good news! It will only confirmed Bitmain position on the market and investment security with them!

Can you provide link to the source, or tell us where we can find informations about this investment?

Sure; on their blog: https://blog.bitmain.com/en/category/bitmain-news/

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Well i did it...again.

I invested and had auto reinvest when pac4's were out took over 6 months to get paid back, slow and painful but it was 1.3 th/s. If i recall right Bitman said i made .04 profit off 1 btc..

[philipma1957]

Well i did it...again.

I invested and had auto reinvest when pac4's were out took over 6 months to get paid back, slow and painful but it was 1.3 th/s. If i recall right Bitman said i made .04 profit off 1 btc..

which is 4%  in six months  or 8% for a year.

no bank pays that.

But I went for a coin this time.  No more.

[PPOC]

Well i did it...again.

I invested and had auto reinvest when pac4's were out took over 6 months to get paid back, slow and painful but it was 1.3 th/s. If i recall right Bitman said i made .04 profit off 1 btc..

which is 4%  in six months  or 8% for a year.

no bank pays that.

But I went for a coin this time.  No more.

Well that rate is quite normal in India... in fact even 11% isnt a rare sight.

Hmm, sounds like I can get 11% return on my 500 & 1000 rupee bills.

[kotwica666]

Hi guys,

As i can see on market (i mean online market) is only S7.

What is the avarage time to get ROI from S7?

Do anyone from you is trying to trade GHS? If so, how deep is daily market? I mean how big movements of price i can expect daily?

[dhampir-D]

Hi guys,

As i can see on market (i mean online market) is only S7.

What is the avarage time to get ROI from S7?

Do anyone from you is trying to trade GHS? If so, how deep is daily market? I mean how big movements of price i can expect daily?

I'm surprised, I thought that s9 miners were available in the hashmarket since months ago. But now I see that s7 is the last available option.
If they continue like this, they will have to close cloudmining operations soon.

[ps_jb]

If they continue like this, they will have to close cloudmining operations soon.

And they will - standard practice of cutting off the toxic actives

[JessicaG]

Hi guys,

As i can see on market (i mean online market) is only S7.

What is the avarage time to get ROI from S7?

Do anyone from you is trying to trade GHS? If so, how deep is daily market? I mean how big movements of price i can expect daily?

If you'd potentially be interested in owning some S7 hashpower with HN, you might want to postpone that idea and await what will happen once their new data-center is finished 

[kotwica666]

Hi guys,

As i can see on market (i mean online market) is only S7.

What is the avarage time to get ROI from S7?

Do anyone from you is trying to trade GHS? If so, how deep is daily market? I mean how big movements of price i can expect daily?

If you'd potentially be interested in owning some S7 hashpower with HN, you might want to postpone that idea and await what will happen once their new data-center is finished 

Good idea This would explain the low price of S7.
Are there any official information on when the new data center will be open?
Or maybe someone knows when S9 will open on the market?

[ps_jb]

I hope in a month S7 finally will be gone - and HN will finally has to decide. And hope that decision will be green light on S9

[mrcash02]

Hey, I saw your new offer HashNest, PACMiC. We invest 1 BTC and earn 0.45 satoshis per second. For how long will you pay 0.45 satoshis per second to investors without reduce their income?

[JessicaG]

Good idea This would explain the low price of S7.
Are there any official information on when the new data center will be open?
Or maybe someone knows when S9 will open on the market?

I was reading somewhere that the initial aim was set at this November. Yet due to a harsh winter, it has been postponed and they aim at the end of this year. General details can be found on their blog.

I hope in a month S7 finally will be gone - and HN will finally has to decide. And hope that decision will be green light on S9

Perhaps the S9's were planned to be settled at their new data-center, once it's finished? I mean, if new equipment (the S9's) was up their sleeves as well as a new data-center, why place all those new machines into an 'old' data-center, which is time consuming, when a new data-center is scheduled to be finished only few months after? That would at least make some sense to me on the 'why part' their S9's till day didn't hit their cloud operation.

[syndria]

Hey, I saw your new offer HashNest, PACMiC. We invest 1 BTC and earn 0.45 satoshis per second. For how long will you pay 0.45 satoshis per second to investors without reduce their income?

Are you saying the electricity fees? Electricity is not free so you get charged for every income you make because hashnest cannot pay them by from its own pocket.

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Pacmic is paid back in full  and .45 soctoi every sec interest, for letting them hold our btc, its an invest with bitman/crowdfunded sorta, they done it 4 other times ) hence pacmic 5


And no we the miners using pacmic contracts don't pay any maintenance fees, and all the btc mined /plus the .45 soc a sec is paid every time a block is found till btc is paid back. ~ 120 days

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https://www.hashnest.com/contracts/new?contract_id=5

[JANGKRIK BOSS]

Dear Bitmain,

Very interest to invest my bitcoin in cloud mining, want to know, if I invest about 2 BTC, how long I get for return of investment if the bitcoin price about $750.

Best regards and thank you very much.

[mrcash02]

Hey, I saw your new offer HashNest, PACMiC. We invest 1 BTC and earn 0.45 satoshis per second. For how long will you pay 0.45 satoshis per second to investors without reduce their income?

Are you saying the electricity fees? Electricity is not free so you get charged for every income you make because hashnest cannot pay them by from its own pocket.

No, I'm saying if they will pay 0.45 satoshis per second forever without decrease the rates after some time.

Pacmic is paid back in full  and .45 soctoi every sec interest, for letting them hold our btc, its an invest with bitman/crowdfunded sorta, they done it 4 other times ) hence pacmic 5


And no we the miners using pacmic contracts don't pay any maintenance fees, and all the btc mined /plus the .45 soc a sec is paid every time a block is found till btc is paid back. ~ 120 days

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https://www.hashnest.com/contracts/new?contract_id=5

So, if I buy it for 1 BTC, I will earn 0.45 satoshis per second FOREVER? ROI in 2572 days ~ 7 years?

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no, you get paid the 45 soc/sec till i get back the 1 btc i gave bitman plus what ever the 6 th/s mines the average time is around 120 days. You give them 1 btc , and they mine 1 btc back to you, plus the time between blocks you earn 45 soc/sec interest.. Also 1 contract (1 btc worth)= 6 th/s of mining power.

Not exactly sure but i believe  .45 soc/sec = 0.00000000045 btc sec

here is the contract:  https://www.hashnest.com/contracts/new?contract_id=5   <.... again

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PS

This is my second go round with Pacmic contracts, last interest was .45 soc/sec and i made 0.04 back after hitting ROI

[kotwica666]

Dear Bitmain,

Very interest to invest my bitcoin in cloud mining, want to know, if I invest about 2 BTC, how long I get for return of investment if the bitcoin price about $750.

Best regards and thank you very much.

Sorry, but no one is able to answer your question.
ROI depends mainly on two factors, that are unpredictable:
- Bitcoin price
- Mining difficulty

Maybe someone who was investing in past can tell you how long takes him to get ROI. But certainly no one can tell you how long it will take now.

[mrcash02]

no, you get paid the 45 soc/sec till i get back the 1 btc i gave bitman plus what ever the 6 th/s mines the average time is around 120 days. You give them 1 btc , and they mine 1 btc back to you, plus the time between blocks you earn 45 soc/sec interest.. Also 1 contract (1 btc worth)= 6 th/s of mining power.

Not exactly sure but i believe  .45 soc/sec = 0.00000000045 btc sec

here is the contract:  https://www.hashnest.com/contracts/new?contract_id=5   <.... again

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PS

This is my second go round with Pacmic contracts, last interest was .45 soc/sec and i made 0.04 back after hitting ROI

So they will pay 0.45 sat/sec until I earn my 1 BTC invested back.

The trick here is that they don't say how long will take to reach ROI. That is what I understood after read their formula:
Unpaid principal (BTC) * 0.45 (satoshis per BTC per second) * time to find a block (seconds)

When you made 0.04 BTC back, how long did it take to hit ROI?

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well you can instead of taking btc back can reinvest the btc into more gh/s per block found and increase the 6 th/s, back when i did pacmic4 they offered 1 th/s per 1 btc and i had 1.2? th/s cant remember exactly, but i know it took forever due to rebuying hash rate instead of taking btc. so i am guessing over or at 6 months.

and i believe i read here on the forms bitman just went ahead and paid everyone back instead of waiting on mining the btc back, they offer that too with Pacmic. But them just paying them back without the interest on the remaining btc., so they kinda lost some interest.

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