HASHNEST Discussion and Support Thread

[galdur]

OK, I must be missing something obvious.

Umisoo price has gone from 0.00006990 to 0.0001, why would it be going up, and why is ANYONE buying it 

It,s obviously a speculation on rising BTC and falling maint. fee.

[DebitMe]

OK, I must be missing something obvious.

Umisoo price has gone from 0.00006990 to 0.0001, why would it be going up, and why is ANYONE buying it 

Bitcoin price is heading back up, it doesn't take a lot of capital to buy a lot of shares, so even small players can move thin markets pretty easily.  Plus what better bet than trying to earn big on a .1 btc investment betting that the price will go up another 15 dollars or so.

[galdur]

It was at 32000 sat. two weeks ago then it dropped to what 6-7000 and now at 10000 or so. So you can say for the moment that it,s going back up however long that lasts.

As for bitcoin, much of your bear market rallies in other markets is shorts covering momentarily and this probably applies to  this long bitcoin bear market as well.

[kevindurant]

OK, I must be missing something obvious.

Umisoo price has gone from 0.00006990 to 0.0001, why would it be going up, and why is ANYONE buying it 

I bought for 8000-8500 satoshi and sold them for 9500-10000 satoshi. What's wrong here?

[galdur]

Anyway, antpool just had a four second block so I guess they,re evening out the statistical impossibilities.

[Lituation]

Anyway, antpool just had a four second block so I guess they,re evening out the statistical impossibilities.

They probably shut down miners for 10 hours, now it's back online again.
UMISOO prices are affordable right now. Buy now, you can easily sell tomorrow for %20-30 profit.

[galdur]

Well, I was going on today in the trollbox about how great that rumor about the s3 for umisoo sounded. Pallets of miners for peanuts and bitcoin back at 300 down the road. Cute speculation. But I,m not interested. If others can profit from it good for them.

[Lituation]

Anyway, antpool just had a four second block so I guess they,re evening out the statistical impossibilities.

They probably shut down miners for 10 hours, now it's back online again.
UMISOO prices are affordable right now. Buy now, you can easily sell tomorrow for %20-30 profit.

Not even 2 hours passed, UMISOO prices right now:

Type   Price/GHS   GHS Amount   Total: (BTC)
Ask(5)   0.00014990   4009 Ǥ 0.60094910
Ask(4)   0.00014988   10202 Ǥ 1.52907576
Ask(3)   0.00014899   1980 Ǥ 0.29500020
Ask(2)   0.00014200   14 Ǥ 0.00198800
Ask(1)   0.00014100   13 Ǥ 0.00183300
Bid(1)   0.00011001   1000 Ǥ 0.11001000
Bid(2)   0.00011000   200 Ǥ    0.02200000
Bid(3)   0.00010500   200 Ǥ    0.02100000
Bid(4)   0.00010400   100 Ǥ    0.01040000
Bid(5)   0.00010200   400 Ǥ    0.04080000

[tmltd]

Anyway, antpool just had a four second block so I guess they,re evening out the statistical impossibilities.

Cool they,re evening out the statistical impossibilities with another impossibility (an awesome luck one). I like it...

[galdur]

Trollbox experts report that the record is one second. Now, that,s impressive.  

I never cease to be amazed by how infinitely patient bitcoin investors are. The more often they,re ##### ## ### ####### ####### #$$ the better they take it. Remarkable tribe indeed.

[galdur]

antS2 UMISOO will enter into the “hardware redemption period”

HashNest • BITMAIN_Rob • Posted 2015-08-26 05:57:28 •Read 4  times

 Since August 18th, 2015, revenues from UMISOO and ANTS2 PPS contacts have been lower than the power cost required by these machines. In accordance with the original contract terms, after ten days of such conditions, the contracts will terminate. We currently expect that these contracts will terminate on August 28th, 2015. From August 28th, these machines will be eligible for a 15 day redemption period. During this period, UMISOO and ANTS2 contracts will not be tradeable on the Gigahash Exchange. Each 1000 GH/s of UMISOO and ANTS2 can be redeemed for one unit of Antminer S2 physical hardware. The handling and packaging fee for each unit is set at USD $50 per machine, and the cost to ship each machine to Shenzhen is USD $65. Shipping costs from Shenzhen to final destination will be calculated by shipping company rates.

Specific details of the redemption process will be published shortly. If a user fails to submit a hardware redemption request and complete payment of the handling and shipping fees within the allotted timeframe, that user will be unable to redeem the hardware at a later date.

Due to the age and wear of these machines, Hashnest cannot guarantee the quality or condition of the physical hardware to be shipped, including that the hashrate will meet the originally published specifications. After machine redemption, Hashnest does not assume responsibility for machine warranties, technical support or repairs, damage incurred during shipping, or other risks.

https://forum.bitmain.com/bbs/topics/2051

[ziomar]

antS2 UMISOO will enter into the “hardware redemption period”

HashNest • BITMAIN_Rob • Posted 2015-08-26 05:57:28 •Read 4  times

 Since August 18th, 2015, revenues from UMISOO and ANTS2 PPS contacts have been lower than the power cost required by these machines. In accordance with the original contract terms, after ten days of such conditions, the contracts will terminate. We currently expect that these contracts will terminate on August 28th, 2015. From August 28th, these machines will be eligible for a 15 day redemption period. During this period, UMISOO and ANTS2 contracts will not be tradeable on the Gigahash Exchange. Each 1000 GH/s of UMISOO and ANTS2 can be redeemed for one unit of Antminer S2 physical hardware. The handling and packaging fee for each unit is set at USD $50 per machine, and the cost to ship each machine to Shenzhen is USD $65. Shipping costs from Shenzhen to final destination will be calculated by shipping company rates.

Specific details of the redemption process will be published shortly. If a user fails to submit a hardware redemption request and complete payment of the handling and shipping fees within the allotted timeframe, that user will be unable to redeem the hardware at a later date.

Due to the age and wear of these machines, Hashnest cannot guarantee the quality or condition of the physical hardware to be shipped, including that the hashrate will meet the originally published specifications. After machine redemption, Hashnest does not assume responsibility for machine warranties, technical support or repairs, damage incurred during shipping, or other risks.

https://forum.bitmain.com/bbs/topics/2051

They will send you a box of bricks 

[galdur]

Nah, I don,t plan on having this stuff sent to me. To each his own, may be of interest to someone.

[scryptongoloidhuhuhu]

They are fine with free electricity, but if you would use a paid electricity, good luck.

[crazyivan]

With Antpool luck being so terrible, even S5 is not profitable for the last two days. I really do not know what is going on but 10.5 hours block is simply NOT ACCEPTABLE.

[wlefever]

Yeah owning hash in Hashnest recently has been pretty dismal.  When the S5 is even struggling to make a profit after maintenance fees it does seem like some things may be wrong, but it also shows Bitmain isn't trying to offer anything "too good to be true".  They are still offering the best mining investment options with the hardware (S7 to come), Hashnest market, and PACMiC contracts.  As far as pointing miners to the pool thought I moved mine back to CKPool, and Slush about two week ago because of the variance issues.

[Tupsu]

With Antpool luck being so terrible, even S5 are barely profitable these last two days. I really do not know what is going on but 10.5 hours block is simply NOT ACCEPTABLE.

barely profitable ?

Over 24 hours hashnest S5 is running at a loss . The results of 100x S5 in hashnest

yesterday
block 371389   ฿ 2.75170426    block4      2015-08-25 00:43:01

block 371483   ฿ 2.50750336   block9

today
block 371532   ฿ 2.66259399  block1

block 371536   ฿ 2.7329301    block3

block 371578   ฿ 2.63788988   block5

block 371591   ฿ 2.74251065   block8       

block 371618   ฿ 2.65859195   block 9      2015-08-26 15:28:42

[jackg]

I've calculated that the antminer S5 (under their fees for maintainance) should earn you $1 per day (not very profitable). This means that at the current price, it will take you 440 days to even get your money back!

[wlefever]

antS2 UMISOO will enter into the “hardware redemption period”

HashNest • BITMAIN_Rob • Posted 2015-08-26 05:57:28 •Read 4  times

 Since August 18th, 2015, revenues from UMISOO and ANTS2 PPS contacts have been lower than the power cost required by these machines. In accordance with the original contract terms, after ten days of such conditions, the contracts will terminate. We currently expect that these contracts will terminate on August 28th, 2015. From August 28th, these machines will be eligible for a 15 day redemption period. During this period, UMISOO and ANTS2 contracts will not be tradeable on the Gigahash Exchange. Each 1000 GH/s of UMISOO and ANTS2 can be redeemed for one unit of Antminer S2 physical hardware. The handling and packaging fee for each unit is set at USD $50 per machine, and the cost to ship each machine to Shenzhen is USD $65. Shipping costs from Shenzhen to final destination will be calculated by shipping company rates.

Specific details of the redemption process will be published shortly. If a user fails to submit a hardware redemption request and complete payment of the handling and shipping fees within the allotted timeframe, that user will be unable to redeem the hardware at a later date.

Due to the age and wear of these machines, Hashnest cannot guarantee the quality or condition of the physical hardware to be shipped, including that the hashrate will meet the originally published specifications. After machine redemption, Hashnest does not assume responsibility for machine warranties, technical support or repairs, damage incurred during shipping, or other risks.

https://forum.bitmain.com/bbs/topics/2051

Well with that being said it doesn't even seem plausible to buy the UMISOO so cheap on the market to redeem for physical hardware because of how much it would cost to get your hands on them.  Unless of course you are in Shenzen, and can arrange a physical pick up.  Then you have to be able to run the miners at a profit at whatever location you have, or try and make sales on ebay, or the likes.  Could work for some, but for most the redemption period will just go by, and expire.

[jackg]

What is an UMISOO?