HASHNEST Discussion and Support Thread

[chunkyjunkie]

Bots are great and you can make some easy money. 

Some are well written, but some look like class projects.

Push the bot to see the buy and sell limits and what quantity the order must be to get the bot to act.
When you get that information, just trade accordingly....

need to get rid of some hash?  put a bid up to the bots limit on the buy side then sell when he one ups your bid...

Same on the buy side, want to buy some hash?  Put a sell order to the limit of the bot on the sell side then just buy everything he gives you....

I made a lot of easy money on cex and cryptsy doing this....


Yes, trade bots are annoying but the best way to handle them is to use them to make yourself money at their loss. 

Good luck....

[TracerX]

Bots are great and you can make some easy money. 

Some are well written, but some look like class projects.

Push the bot to see the buy and sell limits and what quantity the order must be to get the bot to act.
When you get that information, just trade accordingly....

need to get rid of some hash?  put a bid up to the bots limit on the buy side then sell when he one ups your bid...

Same on the buy side, want to buy some hash?  Put a sell order to the limit of the bot on the sell side then just buy everything he gives you....

I made a lot of easy money on cex and cryptsy doing this....


Yes, trade bots are annoying but the best way to handle them is to use them to make yourself money at their loss. 

Good luck....

Stop giving away my secrets! 

[chunkyjunkie]

lol  


Edit - btw I agree bots are annoying but they are everywhere.  It is not a hashnest specific problem in my opinion.

[TracerX]

Looks like things are working again--let the bot wrangling begin!

[ajw7989]

Bots are great and you can make some easy money. 

Some are well written, but some look like class projects.

Push the bot to see the buy and sell limits and what quantity the order must be to get the bot to act.
When you get that information, just trade accordingly....

need to get rid of some hash?  put a bid up to the bots limit on the buy side then sell when he one ups your bid...

Same on the buy side, want to buy some hash?  Put a sell order to the limit of the bot on the sell side then just buy everything he gives you....

I made a lot of easy money on cex and cryptsy doing this....


Yes, trade bots are annoying but the best way to handle them is to use them to make yourself money at their loss. 

Good luck....

although you can profit from this I really hate them since beating you every few seconds by a few satoshis is just annoying. When they place a few gh its ok but the ones who places hundreds really block your quick buys and sells
Stop giving away my secrets! 

[cesmak]

Bots are great and you can make some easy money. 

Some are well written, but some look like class projects.

Push the bot to see the buy and sell limits and what quantity the order must be to get the bot to act.
When you get that information, just trade accordingly....

need to get rid of some hash?  put a bid up to the bots limit on the buy side then sell when he one ups your bid...

Same on the buy side, want to buy some hash?  Put a sell order to the limit of the bot on the sell side then just buy everything he gives you....

I made a lot of easy money on cex and cryptsy doing this....


Yes, trade bots are annoying but the best way to handle them is to use them to make yourself money at their loss. 

Good luck....

Stop giving away my secrets! 

Yes they are also on Havelock, for example, and also there you can use them at your benefit.....

[crazyivan]

Has the market been fixed?

[TracerX]

Has the market been fixed?

It appeared to be working last night, but this morning it's not matching orders again.  *shrug*

[TracerX]

Has the market been fixed?

It appeared to be working last night, but this morning it's not matching orders again.  *shrug*

It appears to be matching now--I may have had a shady connection....

[crazyivan]

Has the market been fixed?

It appeared to be working last night, but this morning it's not matching orders again.  *shrug*

It appears to be matching now--I may have had a shady connection....

Yes, everything looks fine on my side as well.

[alevlaslo]

Hellow!
Tell me please how can I buy a used S4 on the cloud and order its delivery to Russia ?

[TracerX]

Hellow!
Tell me please how can I buy a used S4 on the cloud and order its delivery to Russia ?

You will need to purchase 2000 GH of S4 cloud mining in order to be able to receive a used unit.  Once the device is no longer profitable as a cloud miner, you will have 15 days to request miner redemption--you'll need to pay a $50 USD handling fee as well as the shipping costs to your location.

Miner Redemption

1.    If due to falling bitcoin exchange rate or increase in mining difficulty, the electricity fee is greater than 90% of mining revenues, mining contracts on Hashnest will enter a “redemption waiting period”.

2.    As we do our best to keep mining contracts profitable, during this waiting period, revenues will be paid out according to the PPS method.

3.    If owing to a rising exchange rate, the ratio of electricity fees to PPS payout is lower than 90% for a period of ten continuous days, then mining contracts will revert back to the PPLNS method.

4.    During this waiting period, if electricity fees are greater than revenues for a sustained period of ten continuous days, Hashnest reserves the right to retire the machines. When machines are retired, a user’s contract will then enter into the “hardware redemption period”.

5.    Prior to a machine entering into this hardware redemption period, Hashnest will not accept any requests for hardware redemption.

6.    During the hardware redemption period, users are given a period of fifteen days during which requests for hardware redemption must be made.

7.    Customers holding enough GH/s to constitute an entire machine of the associated type (e.g., 1155 GH/s of Antminer S5) are eligible to convert that amount of GH/s into the used unit of the associated type. If a user does not have enough GH/s of the associated kind to exchange for actual hardware, then this user is not eligible for hardware redemption.

[ajw7989]

I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet

[TracerX]

I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet

Agreed.  It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee.  It will be a while before it gets phased out, unless BTC prices drop significantly.

[DebitMe]

I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet

Agreed.  It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee.  It will be a while before it gets phased out, unless BTC prices drop significantly.

Care to show why its more profitable than the S5? because I would have to disagree with your statement.

[crazyivan]

I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet

Agreed.  It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee.  It will be a while before it gets phased out, unless BTC prices drop significantly.

Care to show why its more profitable than the S5? because I would have to disagree with your statement.

It s more less the same in terms of profitability. The only issue is which of these two will be impacted more when S6 gets out in terms of price.

In order words, which miner ll suffer more price reduction.

[DebitMe]

I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet

Agreed.  It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee.  It will be a while before it gets phased out, unless BTC prices drop significantly.

Care to show why its more profitable than the S5? because I would have to disagree with your statement.

It s more less the same in terms of profitability. The only issue is which of these two will be impacted more when S6 gets out in terms of price.

In order words, which miner ll suffer more price reduction.

not really, there is a pretty clear winner no matter what difficulty adjustments are.  Its the S5 in case anyone is wondering. 

I am sure when the S6 comes out there will be a temporary decrease in price, but it will jump back to the level it should be at quickly since the price of the other offerings don't really rely on the price of any other offering.

[TracerX]

I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet

Agreed.  It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee.  It will be a while before it gets phased out, unless BTC prices drop significantly.

Care to show why its more profitable than the S5? because I would have to disagree with your statement.

It s more less the same in terms of profitability. The only issue is which of these two will be impacted more when S6 gets out in terms of price.

In order words, which miner ll suffer more price reduction.

not really, there is a pretty clear winner no matter what difficulty adjustments are.  Its the S5 in case anyone is wondering.

I am sure when the S6 comes out there will be a temporary decrease in price, but it will jump back to the level it should be at quickly since the price of the other offerings don't really rely on the price of any other offering.

The S5 is more efficient, and therefore more profitable, only if you are are personally hosting the miners.  If, however, you are purchasing the GH from Hashnest, the S4 is more profitable because the price per GH and the cost of maintenance is currently less than that of the S5.  You can feel free to disagree, but the neat thing about Bitcoin is that its reality is dictated by math and nothing else. ;-)

If you feel renting S5 hashrate makes you feel fancier, have at it.  When it becomes more profitable to use S5s on Hashnet, I'll move my holdings to that column.  Until then, it's the S4 (and the math) that adds up for me.

[skuser]

The S5 is more efficient, and therefore more profitable, only if you are are personally hosting the miners.  If, however, you are purchasing the GH from Hashnest, the S4 is more profitable because the price per GH and the cost of maintenance is currently less than that of the S5.  You can feel free to disagree, but the neat thing about Bitcoin is that its reality is dictated by math and nothing else. ;-)

If you feel renting S5 hashrate makes you feel fancier, have at it.  When it becomes more profitable to use S5s on Hashnet, I'll move my holdings to that column.  Until then, it's the S4 (and the math) that adds up for me.

The slight premium paid for S5 maybe worth as you get bigger protection buffer for potential btc price drop. Already at 210USD/BTC the ROI for both S5 and S4 will be the same (at current hash market prices) and if the BTC dropped more the ROI for S4 would erode much faster than S5. This is worth considering especially now when the BTC price is in permanent downtrend.

[DebitMe]

I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet

Agreed.  It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee.  It will be a while before it gets phased out, unless BTC prices drop significantly.

Care to show why its more profitable than the S5? because I would have to disagree with your statement.

It s more less the same in terms of profitability. The only issue is which of these two will be impacted more when S6 gets out in terms of price.

In order words, which miner ll suffer more price reduction.

not really, there is a pretty clear winner no matter what difficulty adjustments are.  Its the S5 in case anyone is wondering.

I am sure when the S6 comes out there will be a temporary decrease in price, but it will jump back to the level it should be at quickly since the price of the other offerings don't really rely on the price of any other offering.

The S5 is more efficient, and therefore more profitable, only if you are are personally hosting the miners.  If, however, you are purchasing the GH from Hashnest, the S4 is more profitable because the price per GH and the cost of maintenance is currently less than that of the S5.  You can feel free to disagree, but the neat thing about Bitcoin is that its reality is dictated by math and nothing else. ;-)

If you feel renting S5 hashrate makes you feel fancier, have at it.  When it becomes more profitable to use S5s on Hashnet, I'll move my holdings to that column.  Until then, it's the S4 (and the math) that adds up for me.

Actually, I ran all the numbers based on the current price and maintenance charges for various difficulty percent changes, and every single time the S5 had higher payouts in the long run.  So you are right, the math tells the correct tail.  By your logic btw, the S3 is better than the S4 based on current price and maintenance fee.

Also, I asked for you to show your math on why the S4 is more profitable, but you haven't, if your only basing it off of the fact that the maintenance fee is not off in the same proportion as the price, then you are not capturing the whole picture and will not make as much money as you can in the long run.