HASHNEST Discussion and Support Thread

[DebitMe]

There will be no S6. The next model will be S7.
Personally, I think it ll be around before NY. Again, don't base your investment decisions on this, this is just my best guess.

I've read it somewhere that new equipments will be available after September 30. I couldn't find that message again but it was in this forums mining section.
Now you're telling us that they will be around before new year. I don't know what to believe.
I hope it won't be extended and we can see new machines in the market in October.

Anything you read on these forums are nothing more than people's estimations.  What Ivan has done is guess when the new machines will be released so that he can base his investment decisions off of something, nothing wrong with that (and he is probably more accurate than most) but the fact of the matter is, is that no one besides Bitmain knows if he is correct, and they aren't telling anybody.

Anything you read on these forums, not from an official Bitmain account, you need to take with a grain of salt.

[wlefever]

There will be no S6. The next model will be S7.
Personally, I think it ll be around before NY. Again, don't base your investment decisions on this, this is just my best guess.

I've read it somewhere that new equipments will be available after September 30. I couldn't find that message again but it was in this forums mining section.
Now you're telling us that they will be around before new year. I don't know what to believe.
I hope it won't be extended and we can see new machines in the market in October.

Anything you read on these forums are nothing more than people's estimations.  What Ivan has done is guess when the new machines will be released so that he can base his investment decisions off of something, nothing wrong with that (and he is probably more accurate than most) but the fact of the matter is, is that no one besides Bitmain knows if he is correct, and they aren't telling anybody.

Anything you read on these forums, not from an official Bitmain account, you need to take with a grain of salt.

It was just a guestimate based on some unreliable sources according to philipma1957

https://bitcointalk.org/index.php?topic=1146965.msg12091331#msg12091331

https://bitcointalk.org/index.php?topic=1147229.msg12093178#msg12093178

[DebitMe]

There will be no S6. The next model will be S7.
Personally, I think it ll be around before NY. Again, don't base your investment decisions on this, this is just my best guess.

I've read it somewhere that new equipments will be available after September 30. I couldn't find that message again but it was in this forums mining section.
Now you're telling us that they will be around before new year. I don't know what to believe.
I hope it won't be extended and we can see new machines in the market in October.

Anything you read on these forums are nothing more than people's estimations.  What Ivan has done is guess when the new machines will be released so that he can base his investment decisions off of something, nothing wrong with that (and he is probably more accurate than most) but the fact of the matter is, is that no one besides Bitmain knows if he is correct, and they aren't telling anybody.

Anything you read on these forums, not from an official Bitmain account, you need to take with a grain of salt.

It was just a guestimate based on some unreliable sources according to philipma1957

https://bitcointalk.org/index.php?topic=1146965.msg12091331#msg12091331

https://bitcointalk.org/index.php?topic=1147229.msg12093178#msg12093178

Yea absolutely, I wasn't knocking anyone.  It is very important to form your own idea of when new hardware will be released.  I have a time set in my mind which is used for my calculations, and others should as well.  I was just stressing that no one really knows, and you have to look at everything yourself and form your own conclusions on when hardware will be released, and what impact that will have on your own calculations.

It seems like every other day someone comes in here and asks if blank blank blank is profitable and when will blank blank blank ROI because they heard blah blah blah.  I just always try to stress that whatever they heard is just someone's opinion and nothing is released from Bitmain about future developments, and that they need to do their own research to form a conclusion about investing instead of relying on someone else's math.

[crazyivan]

There will be no S6. The next model will be S7.
Personally, I think it ll be around before NY. Again, don't base your investment decisions on this, this is just my best guess.

I've read it somewhere that new equipments will be available after September 30. I couldn't find that message again but it was in this forums mining section.
Now you're telling us that they will be around before new year. I don't know what to believe.
I hope it won't be extended and we can see new machines in the market in October.

Anything you read on these forums are nothing more than people's estimations.  What Ivan has done is guess when the new machines will be released so that he can base his investment decisions off of something, nothing wrong with that (and he is probably more accurate than most) but the fact of the matter is, is that no one besides Bitmain knows if he is correct, and they aren't telling anybody.

Anything you read on these forums, not from an official Bitmain account, you need to take with a grain of salt.

Yes, I exactly this, my own estimate. Still, I do not expect any major breakthrough even with S7 model. Until the price goes up significantly, the profit margin s very thin.

[IanFoxley]

There will be no S6. The next model will be S7.
Personally, I think it ll be around before NY. Again, don't base your investment decisions on this, this is just my best guess.

I've read it somewhere that new equipments will be available after September 30. I couldn't find that message again but it was in this forums mining section.
Now you're telling us that they will be around before new year. I don't know what to believe.
I hope it won't be extended and we can see new machines in the market in October.

Anything you read on these forums are nothing more than people's estimations.  What Ivan has done is guess when the new machines will be released so that he can base his investment decisions off of something, nothing wrong with that (and he is probably more accurate than most) but the fact of the matter is, is that no one besides Bitmain knows if he is correct, and they aren't telling anybody.

Anything you read on these forums, not from an official Bitmain account, you need to take with a grain of salt.

Yes, I exactly this, my own estimate. Still, I do not expect any major breakthrough even with S7 model. Until the price goes up significantly, the profit margin s very thin.

Was the original mention about new hardware coming out in September - October from this post here?
https://bitcointalk.org/index.php?topic=1072474.msg12092337#msg12092337

[amelen]

Price: 399.0 USD(1.48485725฿)  Stock: 1526


Back to 1.48฿. 1,500 stock.

[steven.G999]

Whatever, I guess miners will face difficult times choosing a fork or original Bitcoin. I'd think buying new equipment would be profitable but now I think it's not the right time to invest in Bitcoin mining. The future is very blurry.

[cryptost]

Pacmic V3
https://www.hashnest.com/contracts/new?contract_id=3

Thoughts?

[amelen]

Pacmic V3
https://www.hashnest.com/contracts/new?contract_id=3

Thoughts?

Interesting. How does it compare to the V2? That one doesn't show up anymore. I just bought a few S5's on their market, but this seems interesting.

[DebitMe]

Pacmic V3
https://www.hashnest.com/contracts/new?contract_id=3

Thoughts?

Interesting. How does it compare to the V2? That one doesn't show up anymore. I just bought a few S5's on their market, but this seems interesting.

Here is my spreadsheet...
https://docs.google.com/spreadsheets/d/1zbKKyXtW0vcfGDufk_UIRg_gAi0JzjsFwvB7LGj8bOI/edit?usp=sharing

I am not getting to the 25% APR they are advertising, perhaps I have an error?  Can anyone correct my calcs for the V2 and V3?

[ajw7989]

Pacmic V3
https://www.hashnest.com/contracts/new?contract_id=3

Thoughts?

Its a safe investment. The interest is ok (did not do the calculations) but what makes it better is the lower price per TH. It means you can invest more and get more back compared to the previous versions. If you want to make more risky money you play the hashnest GH exchange. It is more risky but still not as risky as playing a btc/ltc exchange like btc-e

[fullzero]

look closer 0.8 satoshi/BTC

the interest figure also is via 1 BTC so it is not 0.8 satoshi per contract but about 2/3rds of that

~0.5328 satoshi/v3 contract

[philipma1957]

I just purchased a .666 btc contract for 1th.  I never used hashnest but I have used bitmaintech.

So

A) how do I get a trade pin
B) how do I track earnings
C) how do I withdraw

[amelen]

On a separate note. I just bought S5 hash the other day (for the fist time). I'm still waiting for it to go online, but once it does, I can theoretically just turn around and re-sell the entire hash on the market place, right?

[DebitMe]

look closer 0.8 satoshi/BTC

the interest figure also is via 1 BTC so it is not 0.8 satoshi per contract but about 2/3rds of that

~0.5328 satoshi/v3 contract

I think they are just not convening what they mean properly...

2015-08-12 23:46:11   369614   3022   3.0   0.0010962   0.0   0.0000483   1.9980483   0.0

Here is my first payout on one of my contracts.  If you take...
seconds X .000000008 X Remaining Balance
  3022    X .000000008 X     1.998                    = .00000483 btc          which is what my profit is.


Also, from their ToS, it says...
Unpaid principal (BTC) * 0.8 (satoshis per BTC per second) * time to find a block (seconds)
It is just based off of the amount of unpaid principal, but it would be the same amount of profit as a V2 contract with .666 left to be paid on it.

[DebitMe]

I just purchased a .666 btc contract for 1th.  I never used hashnest but I have used bitmaintech.

So

A) how do I get a trade pin
B) how do I track earnings
C) how do I withdraw

A) Under setting there is a box that says, "Change Trade PIN", you just set yours for the first time there.
B) For the PACMiC, if you click on "Contract" then , "My Contracts" it will show you the breakdown of the PACMiC you just bought.  It will show profit, how much has been paid back, and other interesting metrics broken down to the per block level.
C) Click, "Wallet" then withdraw.  Over 10 bitcoin withdraws can take a few hours to be approved.

[philipma1957]

look closer 0.8 satoshi/BTC

the interest figure also is via 1 BTC so it is not 0.8 satoshi per contract but about 2/3rds of that

~0.5328 satoshi/v3 contract

I think they are just not convening what they mean properly...

2015-08-12 23:46:11   369614   3022   3.0   0.0010962   0.0   0.0000483   1.9980483   0.0

Here is my first payout on one of my contracts.  If you take...
seconds X .000000008 X Remaining Balance
  3022    X .000000008 X     1.998                    = .00000483 btc          which is what my profit is.


Also, from their ToS, it says...
Unpaid principal (BTC) * 0.8 (satoshis per BTC per second) * time to find a block (seconds)
It is just based off of the amount of unpaid principal, but it would be the same amount of profit as a V2 contract with .666 left to be paid on it.

Okay working on this:

You seem to understand this company more then I do.  I just purchased my first contract today.  

PacMic v3

Total Principal: 0.666 BTC Paid back: 0.0 Paid back rate: 0.0% Profit: 0.0

Time(UTC)                       ID                   Price        Hash(TH)--   Rate--Paid back--Profit   Status--  Status-------   Auto buy
2015-08-13 13:47:44   20********69   0.666   1.0             0.8     0.0               0.0           Running            off

[DebitMe]

look closer 0.8 satoshi/BTC

the interest figure also is via 1 BTC so it is not 0.8 satoshi per contract but about 2/3rds of that

~0.5328 satoshi/v3 contract

I think they are just not convening what they mean properly...

2015-08-12 23:46:11   369614   3022   3.0   0.0010962   0.0   0.0000483   1.9980483   0.0

Here is my first payout on one of my contracts.  If you take...
seconds X .000000008 X Remaining Balance
  3022    X .000000008 X     1.998                    = .00000483 btc          which is what my profit is.


Also, from their ToS, it says...
Unpaid principal (BTC) * 0.8 (satoshis per BTC per second) * time to find a block (seconds)
It is just based off of the amount of unpaid principal, but it would be the same amount of profit as a V2 contract with .666 left to be paid on it.

Okay working on this:

You seem to understand this company more then I do.  I just purchased my first contract today.  

PacMic v3

Total Principal: 0.666 BTC Paid back: 0.0 Paid back rate: 0.0% Profit: 0.0

Time(UTC)                       ID                   Price        Hash(TH)--   Rate--Paid back--Profit   Status--  Status-------   Auto buy
2015-08-13 13:47:44   20********69   0.666   1.0             0.8     0.0               0.0           Running            off

It looks like you just purchased this PACMiC this morning.  Blocks from Antpool get counted after 6 confirmations.  So once we have had a block with 6 confirmations after you purchased that contract, you will start getting paid.

Since you have the autobuy turned to off, you will see your paid back amount increase by a factor of a payout for 1 TH/s of mining power directed at Antpool minus your profit, which is calculated by taking the number of seconds it took to find the block * .8 satoshis * amount of unpaid principal (which is .666 for the first block).

[valkir]

Will the auto-rebuy buy only when we reach 0.666 or it buy part of th ?

[wlefever]

Will the auto-rebuy buy only when we reach 0.666 or it buy part of th ?

It buys part of a TH, and compounds.  It starts off increasing slow, but if you leave it on can really increase your Hash and principal amount.