HASHNEST Discussion and Support Thread

[kntdookoo]

S5 Market is broken. Look at the ask and bids. No trading has happened for the past 10 mins.


Same thing on S7 market too. Weird, low ASKS and high BIDS.

[wlefever]

S5 Market is broken. Look at the ask and bids. No trading has happened for the past 10 mins.


Same thing on S7 market too. Weird, low ASKS and high BIDS.

I saw that, and earlier the S7 market skipped over market orders and a 1 Gh/s buy hit for .00116xxx BTC.  As if the constant drop in hash prices wasn't discouraging enough.

[PeaMine]

S5 Market is broken. Look at the ask and bids. No trading has happened for the past 10 mins.


Same thing on S7 market too. Weird, low ASKS and high BIDS.

I saw that, and earlier the S7 market skipped over market orders and a 1 Gh/s buy hit for .00116xxx BTC.  As if the constant drop in hash prices wasn't discouraging enough.

Noticed this as well, thanks for reporting, thought it was an issue on my side.

[pumawolf]

hope their  not partying too hard  and send   some goon  to go kick the servers. on a serious level ,  the trading platform has been getting stuck every other day  lately. not very crowd pleasing .

[bones261]

hope their  not partying too hard  and send   some goon  to go kick the servers. on a serious level ,  the trading platform has been getting stuck every other day  lately. not very crowd pleasing .

It already has been the New Year for quite some time. Right now, it is 10:06 A.M. I would hope the party was over long ago. There is the hangover though.

[wlefever]

Chinese new year is February 8, 2016 for 16 days.  Not like US and Europe celebrations.

[bones261]

Chinese new year is February 8, 2016 for 16 days.  Not like US and Europe celebrations.

I thought they celebrate both.

[wlefever]

Chinese new year is February 8, 2016 for 16 days.  Not like US and Europe celebrations.

I thought they celebrate both.

If they do I want to live in China! lol They may but I know for sure all the hardware manufacturers in China take of for over a week for their New Year celebrations.

[pumawolf]

Chinese new year is February 8, 2016 for 16 days.  Not like US and Europe celebrations.

I thought they celebrate both.

they do , so expect this shit again around feb.   although i was here for that last feb , operations  was fairly decent considering they  party hardcore for chinese new years.

[pumawolf]

they got  150 employees, send someone to reset that thing. send the janitor  if u have to.

[biggbox]

Chinese new year is February 8, 2016 for 16 days.  Not like US and Europe celebrations.

Although Chinese New Year lasts 15 days on the Lunar calendar, they don't take 15 days off. It is usually a day off on the eve of Chinese New Year (for reunion dinner) and 2 days off in subsequently for the first and second day of the festive season.

IIRC, in China, they have a major holiday during the month of October that they call it "Dual Ten Golden Week" the country literally takes 1 week off work. That is when your goods starts to get delayed and logistic nightmare occurs.

[AgoraLive]

Can somebody explain to me why the prices for Ant7 is so much higher than the Ant5 when calculations are done the Ant5 is more profittable. Or maybe my calc is off?

According to my calculations at current values, Ant5 will make me $2.37 daily against $1.73 with the Ant7 for each BTC I buy GH/s with

if BTC price drop below $350 YES then we have another situation

[bones261]

Can somebody explain to me why the prices for Ant7 is so much higher than the Ant5 when calculations are done the Ant5 is more profittable. Or maybe my calc is off?

According to my calculations at current values, Ant5 will make me $2.37 daily against $1.73 with the Ant7 for each BTC I buy GH/s with

if BTC price drop below $350 YES then we have another situation

It may have to do with the fact that in late spring/early summer the BTC reward will half.

[wlefever]

Can somebody explain to me why the prices for Ant7 is so much higher than the Ant5 when calculations are done the Ant5 is more profittable. Or maybe my calc is off?

According to my calculations at current values, Ant5 will make me $2.37 daily against $1.73 with the Ant7 for each BTC I buy GH/s with

if BTC price drop below $350 YES then we have another situation

It may have to do with the fact that in late spring/early summer the BTC reward will half.

It def has to do with that with the S7 being twice as efficient it essentially has a longer life time at current bitcoin prices.  The S5 will be squeezed out sooner as the difficulty rises and btc price stays the same.  It can last slightly longer if the price of a bitcoin climbs, but are a risk to not last past the summer halving.

[Tmdz]

Theres been a price drop since the new period of readjustment.  I expect a price drop with high difficulty but the price has continued to declined following days after which I am left wondering why when difficulty is looking to be neutral for the next period.  Very hard market to buy hash on the market, any clues as to why there is so much decline?

[DebitMe]

Theres been a price drop since the new period of readjustment.  I expect a price drop with high difficulty but the price has continued to declined following days after which I am left wondering why when difficulty is looking to be neutral for the next period.  Very hard market to buy hash on the market, any clues as to why there is so much decline?

The market has never been, is not now, and will not be rational.  You have kids with no knowledge of trading strategies buying and selling hash on top of tons of people who don't fully understand what the underlying asset is.  Just look back a few pages, there are posts upon posts of people with no knowledge of what they are buying asking questions.  Those same individuals will soon realize they bought at the wrong time and try to sell to recoup their losses.

Its really not hard to value these assets.  Look at what each of the hash types will make at different difficulty adjustments, then decide which average difficulty jump you think is right.  If the total amount made is over the price of the hash, DO NOT BUY.  Its a really simply concept, and yet, there are tons of people who continue to buy.  And don't tell me the units have underlying value also.  If your plan is to try and sell these at a profit, then your still not understanding the underlying asset and if you think these will have a residual value, take a look at when the S3 and S2 went away.  It was costing so much money to get these shipped out, that it wasn't even worth it.  These are only worth what they will mine minus maintenance costs until they are no longer profitable.

[skuser]

Theres been a price drop since the new period of readjustment.  I expect a price drop with high difficulty but the price has continued to declined following days after which I am left wondering why when difficulty is looking to be neutral for the next period.  Very hard market to buy hash on the market, any clues as to why there is so much decline?

The prices always adjust somewhere under 160-180 days ROI so for S5 slightly above .3/Ths and S4 .15 we might have reached temporary bottom for few days now. S7 at 0.8 is still overpriced IMHO so I wouldn't touch it for now. Even if it survives halving the revenue will be ultra low to justify that price.

[fandicapping]

Noob question.  Trying to log onto hashnet to check it out and it wants a trade pin.  What is that?  Sorry in advance for my lack of knowledge, I tried searching but with no luck.

[biggbox]

Noob question.  Trying to log onto hashnet to check it out and it wants a trade pin.  What is that?  Sorry in advance for my lack of knowledge, I tried searching but with no luck.

A trade pin is used when you want to transact in the hash market. It is also used when you want to withdraw from your hashnest wallet. It is an extra protective layer other than your password.

[skuser]

Noob question.  Trying to log onto hashnet to check it out and it wants a trade pin.  What is that?  Sorry in advance for my lack of knowledge, I tried searching but with no luck.

You can set it up in settings panel