HASHNEST Discussion and Support Thread

[eightcylinders]

Hashnest,

For example, here are two recent days in my history:

2014-10-23 20:55:52   -0.0243972   0.0193185  BTC   Mining   Maintenance Fee: UMISOO
2014-10-23 20:55:52   +0.0433058   0.0437158  BTC   Mining   Earnings: UMISOO
2014-10-22 14:52:59   -0.0229979   0.2585092  BTC   Mining   Maintenance Fee: UMISOO
2014-10-22 14:52:59   +0.0396654   0.2815072  BTC   Mining   Earnings: UMISOO
2014-10-21 19:00:42   -0.0228456   0.2418418  BTC   Mining   Maintenance Fee: UMISOO


Please explain how my mining earnings (gross) went from .2815072 on October 22, to only .0437158 on October 23??!!!

Please also explain where I can see my compensation.  It appears that all you have done was reduce my hashrate, and reduce my maintenance fees according to the MUCH lower hash rate I now have.  That is NOT compensation, and is an adjustment.

If you do not have enough hashrate to support what I purchased, you need to REFUND and compensate.

You also need to open trading on the regular Hashnest market since it is clear that Umisoo is oversold already.

Bitmaintech does not need this headache and it is fast turning into a fraud.  Help us help you.

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[Epoch]

My displayed hashrate has consistently been showing 20% lower than my amount of UMISOO shares should provide; this has been going on for the past several days. Is this a known issue and, if so, what is Hashnest doing about it?

[aasl]

My displayed hashrate has consistently been showing 20% lower than my amount of UMISOO shares should provide; this has been going on for the past several days. Is this a known issue and, if so, what is Hashnest doing about it?

I have the same problem. 20% of hashrate is gone.

[Sandler73]

If either of you can get a response from hashnest that isn't just a link to an old post that is no longer applicable...i'd be very very surprised.

[dmz241]

If either of you can get a response from hashnest that isn't just a link to an old post that is no longer applicable...i'd be very very surprised.

Well one of my tickets got responded too...

[hashnest.com]

Hashnest,

For example, here are two recent days in my history:

2014-10-23 20:55:52   -0.0243972   0.0193185  BTC   Mining   Maintenance Fee: UMISOO
2014-10-23 20:55:52   +0.0433058   0.0437158  BTC   Mining   Earnings: UMISOO
2014-10-22 14:52:59   -0.0229979   0.2585092  BTC   Mining   Maintenance Fee: UMISOO
2014-10-22 14:52:59   +0.0396654   0.2815072  BTC   Mining   Earnings: UMISOO
2014-10-21 19:00:42   -0.0228456   0.2418418  BTC   Mining   Maintenance Fee: UMISOO


Please explain how my mining earnings (gross) went from .2815072 on October 22, to only .0437158 on October 23??!!!

Please also explain where I can see my compensation.  It appears that all you have done was reduce my hashrate, and reduce my maintenance fees according to the MUCH lower hash rate I now have.  That is NOT compensation, and is an adjustment.

If you do not have enough hashrate to support what I purchased, you need to REFUND and compensate.

You also need to open trading on the regular Hashnest market since it is clear that Umisoo is oversold already.

Bitmaintech does not need this headache and it is fast turning into a fraud.  Help us help you.

Hi, the column contains 0.2815072 means the balance of your account, and I found that you withdrawal 0.2580992 BTC. Please re-check.

[Sandler73]

HASHNEST,

So BITMAIN, theoretically you, have confirmed that BITMAINTECH has contracted with GAW for BITMAINTECH to provide 5PH/S of hash rate to GAW's cloud mining platform Zencloud/Hashbase. Here is the link to show that BITMAIN did in fact confirm the contract. https://bitcointalk.org/index.php?topic=827552.new#new

Since BITMAINTECH has its own cloud platform, HASHNEST, how is this 5PH/S of provided hash rate expected to affect the HASHNEST platform/pool/payouts/etc? Would not providing 5PH/S of hash rate to a direct competitor be against the best interests of HASHNEST and its users?

Look forward to your quick and informative response.

[DiCE1904]

Lol Sandler73 , its business bro bitmain makes miners to sell

[Sandler73]

Lol Sandler73 , its business bro bitmain makes miners to sell

Yes I know it is business. I would just like to see some of the reasoning behind feeding and empowering one of the principal competitors.

[dmz241]

Lol Sandler73 , its business bro bitmain makes miners to sell

Yes I know it is business. I would just like to see some of the reasoning behind feeding and empowering one of the principal competitors.

Well I dought bitmain cloud mining service is a competitor of gaw. Bitmain mines with its hardware before selling it to consumers. The recent drop in hashnest power may be attributed to the shipment of s4 by bitmain. But thats just my theory. So basically they mined with hardware that was preordered by others. And now others can get in the game. Bitmain will defiantly be working on the manufacturing the next power efficient miners instead of now just working on s4s.

[Sandler73]

Lol Sandler73 , its business bro bitmain makes miners to sell

Yes I know it is business. I would just like to see some of the reasoning behind feeding and empowering one of the principal competitors.

Well I dought bitmain cloud mining service is a competitor of gaw. Bitmain mines with its hardware before selling it to consumers. The recent drop in hashnest power may be attributed to the shipment of s4 by bitmain. But thats just my theory. So basically they mined with hardware that was preordered by others. And now others can get in the game. Bitmain will defiantly be working on the manufacturing the next power efficient miners instead of now just working on s4s.

I think you might be on the wrong forum. This is for HASHNEST. Currently, HASHNEST is comprised of the Snowball.io cloud and farm acquisition (slowly being converted over ) and UMISOO. UMISOO has been identified as a set of S2 farms that were acquired by BITMAINTECH, in the effort to establish a marketable cloud platform to interested parties. The pool that you are referring to in your post is ANTPOOL. That has been previously identified by BITMAINTECH as its premine pool for new equipment. That pool in no way is tied to this pool. To believe that BITMAINTECH premining and selling equipment off would directly correlate to a drop in this pools hash rate is a false assumption. Unless of course BITMAINTECH/HASHNEST was not entirely upfront with the establishment of the UMISOO farms and hash rate. While that should not correlate to the overall hash rate on HASHNEST, BITMAINTECH is still the owner which ties back to my original question....how is building up a competitor a fiscally sound  idea? BITMAINTECH has openly acknowledged that for large customers it provides equipment at a more wholesale rather than retail premium price. So the company likely did not make as much off of the gear as it would have should it have sold to smaller parties. Based on GAW's statements in relation to the contract confirmation, it would seem that GAW got the 5PH/S for much cheaper than most expectations. If you read the link from my original post about it, you will see that GAW personnel and posters are essentially gloating about the fact that they were able to use their weight to negotiate a very very favorable deal from the side of GAW.

[defcon23]

Lol Sandler73 , its business bro bitmain makes miners to sell

Yes I know it is business. I would just like to see some of the reasoning behind feeding and empowering one of the principal competitors.

Well I dought bitmain cloud mining service is a competitor of gaw. Bitmain mines with its hardware before selling it to consumers. The recent drop in hashnest power may be attributed to the shipment of s4 by bitmain. But thats just my theory. So basically they mined with hardware that was preordered by others. And now others can get in the game. Bitmain will defiantly be working on the manufacturing the next power efficient miners instead of now just working on s4s.

I think you might be on the wrong forum. This is for HASHNEST. Currently, HASHNEST is comprised of the Snowball.io cloud and farm acquisition (slowly being converted over ) and UMISOO. UMISOO has been identified as a set of S2 farms that were acquired by BITMAINTECH, in the effort to establish a marketable cloud platform to interested parties. The pool that you are referring to in your post is ANTPOOL. That has been previously identified by BITMAINTECH as its premine pool for new equipment. That pool in no way is tied to this pool. To believe that BITMAINTECH premining and selling equipment off would directly correlate to a drop in this pools hash rate is a false assumption. Unless of course BITMAINTECH/HASHNEST was not entirely upfront with the establishment of the UMISOO farms and hash rate. While that should not correlate to the overall hash rate on HASHNEST, BITMAINTECH is still the owner which ties back to my original question....how is building up a competitor a fiscally sound  idea? BITMAINTECH has openly acknowledged that for large customers it provides equipment at a more wholesale rather than retail premium price. So the company likely did not make as much off of the gear as it would have should it have sold to smaller parties. Based on GAW's statements in relation to the contract confirmation, it would seem that GAW got the 5PH/S for much cheaper than most expectations. If you read the link from my original post about it, you will see that GAW personnel and posters are essentially gloating about the fact that they were able to use their weight to negotiate a very very favorable deal from the side of GAW.

aBIG + 1 for those clarifications. it's look's like there"s a lot of confusion on many people minds.  i have to explain that too often... so thanx again  

[ComaWombat]

So Bitmain owns the Umisoo S2 cloud? I thought Umisoo and Bitmain are just close business partners.

[defcon23]

So Bitmain owns the Umisoo S2 cloud? I thought Umisoo and Bitmain are just close business partners.

hum... seriously... are you thinking what's you're writing?  cause that's really make no sense.. sorry..

[Ustler]

I think it's time to cashout on HashNest.. Randomly around there website, previous mentions of 4 PH/s are changing to 3 PH/s.. Also noticed that some mentions of 4300 Antminer S2s has changed to 3300 Antminer S2s.

If they are running a scam, they are rather lazy.. 50% of their site mentions 4 PH and 50% has been revised to 3 PH..

[camber]

I think it's time to cashout on HashNest.. Randomly around there website, previous mentions of 4 PH/s are changing to 3 PH/s.. Also noticed that some mentions of 4300 Antminer S2s has changed to 3300 Antminer S2s.

If they are running a scam, they are rather lazy.. 50% of their site mentions 4 PH and 50% has been revised to 3 PH..

Based on a lot of comments i have a couple of responses. One is that HashNest site has some disadvantage in that they have to try to translate the forum questions in English to Chinese to understand them, that takes a lot of time, so not all questions get answered. The other thing is that some things on their site dont get updated along with new postings so it apparently causes confusion for many users.

I've been hashing on UMISOO for about a month with no accounting discrepancies noted. Im not a senior member or that advanced but isnt hashing power often less than nominal rate? I mean its an average, right? So if you have 500 GH purchased it wont be hashing at 500 GH 24-7.

Plus, even though overall pool rate hash power has dropped - not a good thing- earnings are comparable to other cloud mining sites. And added bonus of being able to trade GH, lower overall cost of GH, daily payouts, exact earnings, maintenance fees are posted.

[ComaWombat]

So Bitmain owns the Umisoo S2 cloud? I thought Umisoo and Bitmain are just close business partners.

hum... seriously... are you thinking what's you're writing?  cause that's really make no sense.. sorry..

Thanks for your intelligent answer to my stupid question.

[Sandler73]

So Bitmain owns the Umisoo S2 cloud? I thought Umisoo and Bitmain are just close business partners.

Several months back it was released by BITMAINTECH that they had acquired Umisoo and Snowball.io. The company acquired to the 2 entities and possibly others in the effort to create hashnest, a cloud mining platform. Hashnest, once stood up, was supposed to run almost autonomously. Everything that I just said is based on recollections of the original information release. Over time a vast majority of the information about HASHNEST has been changed or editted. I can't say that I am a fan of changes in information or processes like have been occurring but there is only limited action that can be taken.

If you are looking to invest but have not already, my advice would be to just make sure you only put forward what you are willing to lose.

[ComaWombat]

Thanks, Sandler. My train of thought behind my question was that Hashnest is an exchange, so it really wouldn't need to own any hardware. And I don't get why Bitmain would want to own thousands of Antminer S2s anymore as they are very close to being obsolete. (other than to sell it away as a cloud GH service for suckers)

A separate business entity like Umisoo would surely want to sell its soon-to-be-obsolete Antminer S2 hashrate through an exchange service.

And nowhere on Hashnest and Umisoo web pages, as far as I can see, does it say that Umisoo is owned by Bitmain. And when you buy Umisoo-hosted S4s from Bitmain, you have to sign a contract to allow sharing of information between Umisoo and Bitmain.

http://cryptomining-blog.com/tag/umisoo/

Hashnest, the Bitcoin cloud mining platform by BitMain, has been having trouble with the hashrate provided by their partner UMISOO for the last few days

So it seems I'm not the only one who thought that Umisoo and Bitmain are just business partners. Hashnest can host multiple different farm operators, but currently Umisoo is the only one. And as long as Umisoo Round 1 subscription is not fulfilled, it will surely remain the only operator.

[ziggys]

In my opinion, STAY AWAY FROM HASHNEST!  I bought 2.5 ths there, and for the last month everything has been in turmoil there.  And they constantly insult their customers on the Forum at Hashnest like their problems are somehow the customer's fault for 'whining' too much and being 'clueless'.  Very, very unprofessional operation, and with big, big problems at the moment.

Stay away!