HASHNEST Discussion and Support Thread

[galdur]

Guys why would I calculate earnings without maintenance??? Without maintenance are the earnings for all the machines the same...it's the number you can see for example here https://bitcoinwisdom.com/bitcoin/difficulty. At current difficulty you can mine 0.004437 BTC/Ths/day. Now depending on miner type you'll deduct the maintenance fees. The fees at hashnest are in USD, so you have to convert them using current USD/BTC rate. Then you'l get the number I am posting.

The percentage yields are so high because there is a bit of panic going on after recent BTC rate drop and huge difficulty increase and the hashnest market overreacts. Theoretical ROI for S5 is now about 110 days. Or in other words you'll make 10% in about 11 days as next difficulty change will be only small.

You don´t calculate earnings without maintenance. It goes without saying.

Since maintenance is calculated in Dollar, the lower the BTC price, the higher the maintenance vs. payout until you´re screwed. And the higher the BTC price the more incentive to mine and the higher difficulty and you´re wiped out that way.

[rastislav365]

Hi,

Today, the S7 Maintenance 31.5%. What happens when the fee for block $ 12.5?

[cesmak]

Hi,

Today, the S7 Maintenance 31.5%. What happens when the fee for block $ 12.5?

Simple dobule the maintenance, but only if btc price remains the same, bacause maintence is paid in US$ so they have to exchange some BTC to pay off....

[phreaky]

Hi,

Today, the S7 Maintenance 31.5%. What happens when the fee for block $ 12.5?

I just saw it yes.
Wow what happened? Not only that but also the price is like 30% of what it was just 1 month ago.

[DebitMe]

Hi,

Today, the S7 Maintenance 31.5%. What happens when the fee for block $ 12.5?

I just saw it yes.
Wow what happened? Not only that but also the price is like 30% of what it was just 1 month ago.

People didn't understand what they were investing in and it turned out the units were way overpriced since difficulty shot up very quickly in a short amount of time and the price plummeted.

Way to many people blindly throwing money around without understanding how the investment works.  Creates unrational markets really quickly.

[phreaky]

Hi,

Today, the S7 Maintenance 31.5%. What happens when the fee for block $ 12.5?

I just saw it yes.
Wow what happened? Not only that but also the price is like 30% of what it was just 1 month ago.

People didn't understand what they were investing in and it turned out the units were way overpriced since difficulty shot up very quickly in a short amount of time and the price plummeted.

Way to many people blindly throwing money around without understanding how the investment works.  Creates unrational markets really quickly.

I tend to agree.
It's true either way. The price did go down too fast and look how many people (me included) lost money with their hashes.

[Steve_1982]

The value of S5s have depreciated faster than the value of S7s this week.

Edit:
I've made a spreadsheet that shows that the S5s are toxic assets since the start of January when the prices of S5s depreciated over 20%:
https://docs.google.com/spreadsheets/d/11zKTPpEiE6op0c4ExoM_2GB4_nED6y4E9nDrBnhFBZY/edit?usp=sharing

[wlefever]

The value of S5s have depreciated faster than the value of S7s this week.

That will continue until the S5 is obselete.

[chmick]

The value of S5s have depreciated faster than the value of S7s this week.

That will continue until the S5 is obselete.

Not so sure . When I look at the market I have the feeling some tried  to use the panic to push the market down . But with the next diff and BTC price the ROI should stay below 180 days for at least 20 more days .
So right now some whale is making good money .

[lottery248]

The value of S5s have depreciated faster than the value of S7s this week.

That will continue until the S5 is obselete.

Not so sure . When I look at the market I have the feeling some tried  to use the panic to push the market down . But with the next diff and BTC price the ROI should stay below 180 days for at least 20 more days .
So right now some whale is making good money .

+1, if the S5 price still goes down while bitcoin price increases, it would only benefit the people who bought the GH, those people who sold their GHs for reason become jelly for the mining shares. nowadays the transaction fee is increasing, thus the mining is now much more fierce than ever.

[luckyboys]

its doesnt seem profitable for me. take ROI is too long. for me better take litle high risk but more profitable.

[syndria]

its doesnt seem profitable for me. take ROI is too long. for me better take litle high risk but more profitable.

Like what? Gambling or ponzi? Ow come on there is no easy way of getting money even in gambling you will lose in the long term

[galdur]

Well, block generation time is down to 540 seconds presently but may increase until it gets adjusted to 600 seconds in two and a half days. Maybe the diff increase will end up at 6-8%, time will tell. It´s interesting how the hashrate keeps ballooning even after being up by 100% in four months.

[crazyivan]

its doesnt seem profitable for me. take ROI is too long. for me better take litle high risk but more profitable.

Like what? Gambling or ponzi? Ow come on there is no easy way of getting money even in gambling you will lose in the long term

There are legit ways to make money in crypto. It does require a lot of reading, lots of trails and errors and using your head a bit.
No, this is not advertising for anything and I m not going to promote anything. Just saying, there are legit, hard working ways.

[pallas]

its doesnt seem profitable for me. take ROI is too long. for me better take litle high risk but more profitable.

Like what? Gambling or ponzi? Ow come on there is no easy way of getting money even in gambling you will lose in the long term

There are legit ways to make money in crypto. It does require a lot of reading, lots of trails and errors and using your head a bit.
No, this is not advertising for anything and I m not going to promote anything. Just saying, there are legit, hard working ways.

As usual. And like it should be. Shortcuts are luck or available for a short time. Then comes the balance.

[aleandromagno]

today is offline hashnest?

[pallas]

today is offline hashnest?

same issue here, can't access the website!

[Salmen]

today is offline hashnest?

same issue here, can't access the website!

Same issue. If I want to log in, it forwards me to the Bitmain site and load a loooong time until it show the error code 504.
I have the problem for 4 days now and happens most of the time in the evening.

[newcoins1978]

today is offline hashnest?

same issue here, can't access the website!

Same issue. If I want to log in, it forwards me to the Bitmain site and load a loooong time until it show the error code 504.
I have the problem for 4 days now and happens most of the time in the evening.

I had the same thing last friday. Best thing you can do is to clean cache
Then wait a minute or so and re-try logging in.
If that fails rinse and repeat this process every 2 hours.

[ardani332]

waiting site up again