HASHNEST Discussion and Support Thread

[lumeire]

How does the following sound?

Buying hash from the market and then buying more Hash with the payouts and selling hash when the Maintenance/Payout ratio is greater than 75%?

I initially bought 27 GH of S7 which I traded today for 66 GH of S5 with plans to buy more S5 Hash until the Maintenance/Payout ratio is greather than 75% in which case I move on to S7 or possibly a new model of miner.

This is not the best idea, because with halving approaching the S5 price will drop regardless of maintenance/payout ratio or in other words the ratio may never cross your threshold but at the same time your hashes will become worthless. Doesn't mean you will lose your money, you will probably yield enough on mining. But whole concept looking at maintenance/payout ratio doesn't look logical to me, the price of hash is most important.

The price of S5 won't necessarily drop. As far as I've observed, when the price of btc moves up, the price per GH/s of all the products in HashNest also moves accordingly, with S7s primarily with the greatest movement. There's at least a relationship with the maintenance/payout ratio regarding that.

[chmick]

He states it exactly: ROI is below 150 days RIGHT NOW. As nobody knows what will be next difficulty increases there is no sense trying to estimate them. But the current ROI as it is now is nice way to assess the hashnest prices. About 150 days gives good buffer to ROI before halving.

That's just not the case.
You don't have a 'buffer', because the ROI is _not_ 150 Days.

And the statement "no sense trying to estimate" could not be more wrong.
Of course you need to estimate. You can not just let out an essential variable.

To make it short: There is no chance to ROI with S5 before halving.
Except you are good at trading or BTC Price go up.

Of course. That´s how markets work. You try to anticipate future events, be ahead of the curve. It´s useless to look at current ROI and ignore the difficulty. I guess it´s up to the Bitcoin price how it develops. The hashrate and with it the difficulty seems likely to chase the price up and also down, at least it should work that way on average.

Ok guys nice to see some heat in discussion I wasn't clear enough. Of course I don't believe the ROI without trying to estimate next difficulty will be real, I am just using it as guide when buying and selling hashes short term, eg last week I purchased S4 at 0.0001 because theoretical ROI was under 130 days, today I sold them because the ROI at 0.00012 dropped to almost 200 so no reason to hold them anymore. Not necessary to use the word ROI at all, you can make calculations for 10 day yield for example and use it as guidance. I will now set S4 purchase at 0.00009 and wait again for another panic selling. The same over and over again...

+1 I'm not long term at the moment , so my calculation are based from a diff increase to the next .

trying to predict further than a month is very uncertain .   Of course if you play long term (like until the next halving ) average diff increase is to take into consideration .

hope i clarified the point .

[rastislav365]

Hello everyone. Today, S3 Maintenance / Payout (PPS) 101%. This is the definitive end. 

[Zeroxal]

Not sure if it's only me but : I can't log into the app using ios. It sorry me my stats for  2 seconds, then it goes back to the login page.
When using safari to login the ddos protection page refreshes all the time and doesn't load the login page. But this doesn't happen with chrome.

Btw, I am using 2 factor authorization.

Problem with the app has been solved. However I still can't access my account through safari (ios).

[drawer]

with last rise diff about 2 weaks - 10 % ( 31.12.2015 - 12.01.2016) , next 2 weaks about same 10 % , my opinion. So whole month about 20 % .Still predic that halving will be about June 2016 ? not so sure, could be sooner . If whole world still be mining BTC with that speed, 20 % rise diff EVRY month, ROI with all investments portals (not only hashnest) will extend . So to keep your payment on stable level you need to reinvest about 20 % of your earn now every month....

[crazyivan]

Hello everyone. Today, S3 Maintenance / Payout (PPS) 101%. This is the definitive end. 

Damn, it s going fast. How far is S4 from turning down?

[PPOC]

Anyone notice the little over 40PH that Ant lost today? I think it's helping keep the 10m block times and MAYBE diff in check this cycle. Where did it go? Maybe the s3 hashnest that just went negative maintenance? I always thought they were running all s7 and just charging people different rates for s3,4,5. Maybe they really had a legit s3 farm that they shut down?

[bones261]

Anyone notice the little over 40PH that Ant lost today? I think it's helping keep the 10m block times and MAYBE diff in check this cycle. Where did it go? Maybe the s3 hashnest that just went negative maintenance? I always thought they were running all s7 and just charging people different rates for s3,4,5. Maybe they really had a legit s3 farm that they shut down?

Antpool is also a pool. People can point their own miners at it. Maybe lots of miners with S3 decided to pull their own plugs.

[PPOC]

Anyone notice the little over 40PH that Ant lost today? I think it's helping keep the 10m block times and MAYBE diff in check this cycle. Where did it go? Maybe the s3 hashnest that just went negative maintenance? I always thought they were running all s7 and just charging people different rates for s3,4,5. Maybe they really had a legit s3 farm that they shut down?

Antpool is also a pool. People can point their own miners at it. Maybe lots of miners with S3 decided to pull their own plugs.

Maybe, but I would think that would be a little more gradual. 40PH is A LOT of HW and it all fell off very quickly. Another thought is Ant powered down 40PH to prep for Mike Hearn backlash, calling out the Chinese as owning the blockchain and that 2 guys own more then 50% of the network. Price took a hit and they may want to say, what we don't have 50% with F2. F2 is now showing 130PH, I think they were close to 200PH and look at the block times, WAY slow so a lot of hash got turned off.

[Steve_1982]

How does the following sound?

Buying hash from the market and then buying more Hash with the payouts and selling hash when the Maintenance/Payout ratio is greater than 75%?

I initially bought 27 GH of S7 which I traded today for 66 GH of S5 with plans to buy more S5 Hash until the Maintenance/Payout ratio is greather than 75% in which case I move on to S7 or possibly a new model of miner.

This is not the best idea, because with halving approaching the S5 price will drop regardless of maintenance/payout ratio or in other words the ratio may never cross your threshold but at the same time your hashes will become worthless. Doesn't mean you will lose your money, you will probably yield enough on mining. But whole concept looking at maintenance/payout ratio doesn't look logical to me, the price of hash is most important.

I'm currently looking at hash depreciation as well. The S5 currently depreciates slower than the S7. With the amount that the S5 does depreciate, it makes no sense to use all the earnings from GH to buy more GH.

[lenoli]

guys, can anyone help me with google authentication? it gives me always error and i cannot withdrew. i cannot cancel it too. i am opening tickets but no answer

[bones261]

Looks like S3 has officially bitten the dust and S4 is barely hanging on. If the current market trend and difficulty trend continue, I don't think even the S7 will survive the halving coming soon.

[galdur]

Looks like S3 has officially bitten the dust and S4 is barely hanging on. If the current market trend and difficulty trend continue, I don't think even the S7 will survive the halving coming soon.

Bitcoin has retreated and with it the hashrate. The diff could be flat or even a little down next. But it´s difficult to predict, bitcoin is an unruly beast.

[bones261]

Looks like S3 has officially bitten the dust and S4 is barely hanging on. If the current market trend and difficulty trend continue, I don't think even the S7 will survive the halving coming soon.

Bitcoin has retreated and with it the hashrate. The diff could be flat or even a little down next. But it´s difficult to predict, bitcoin is an unruly beast.

Well, I see that BTC for USD has gone up a little since I last posted. Hope this isn't a dead cat bounce.

[skuser]

Hello everyone. Today, S3 Maintenance / Payout (PPS) 101%. This is the definitive end. 

Damn, it s going fast. How far is S4 from turning down?

S4 is going to get negative earnings at about 365 USD/BTC, so the current price is unsustainably high. On the other hand the same situation was just before shutting S3...

[crazyivan]

Hello everyone. Today, S3 Maintenance / Payout (PPS) 101%. This is the definitive end. 

Damn, it s going fast. How far is S4 from turning down?

S4 is going to get negative earnings at about 365 USD/BTC, so the current price is unsustainably high. On the other hand the same situation was just before shutting S3...

Yes, the price s very close to that. But I m more interested in difficulty, how is that going to develop over the next few weeks/months, cause the price will go up.

By the time block halves, the price must be at around $800 or it ll be unsustainable to mine.

[galdur]

In the shoes of the Chinese I´d keep flooding the market with hashpower and therefore difficulty and see if I could kill off some mining operations in the west. Probably good to have some of that six feet under when the halving takes place.

[PPOC]

In the shoes of the Chinese I´d keep flooding the market with hashpower and therefore difficulty and see if I could kill off some mining operations in the west. Probably good to have some of that six feet under when the halving takes place.

If they care to keep BTC at a decent price (the Chinese), they would want reduce the hash power in China as the BTC world is considering that a risk in the market. Already China has more then 50% of the network and if that keeps going then BTC is nothing more then a virtual Yuan and they can keep them all for themselves. People outside China really need to spot mining on the China public pools like Ant and F2. Many excellent choices available, I wold guess 50% of both those pools are getting hash from people outside China. How do we get the message out for the sake of the future of BTC?

Maybe a Super Bowl Ad, World Cup Ad? Front page of bitcointalk?

Don't know

[galdur]

In the shoes of the Chinese I´d keep flooding the market with hashpower and therefore difficulty and see if I could kill off some mining operations in the west. Probably good to have some of that six feet under when the halving takes place.

If they care to keep BTC at a decent price (the Chinese), they would want reduce the hash power in China as the BTC world is considering that a risk in the market. Already China has more then 50% of the network and if that keeps going then BTC is nothing more then a virtual Yuan and they can keep them all for themselves. People outside China really need to spot mining on the China public pools like Ant and F2. Many excellent choices available, I wold guess 50% of both those pools are getting hash from people outside China. How do we get the message out for the sake of the future of BTC?

Maybe a Super Bowl Ad, World Cup Ad? Front page of bitcointalk?

Don't know

What if the Chinese don´t fully share our noble western ideals about bitcoin? What if it´s just another milking cow to them, one that needs to be milked methodically, systematically? It´s always a possibility.

[Salmen]

The prices for the S5 are low so that my GHS is almost nothing worth.
Before the big difficulty increase, my GHS were 0.75 BTC worth. After the big difficulty increase my GHS is 0.30 BTC worth. This in fact 0.46 BTC (60%) loss.

God knows, my GHS is in February only 0.15 BTC worth.

R.I.P. S3