HASHNEST Discussion and Support Thread

[chmick]

 There was a huge drop on price for S7 in the last 24 hours or so , do we know the reason for it?

Next diff change will be about 20% which will practically mean the S7 will not survive halving at current BTC/USD price, in other words it will never ROI.

this is assuming the diff will stay the same, which is very unlikely.
halving will bring diff down, or everybody will mine at a loss.

Correct me if I'm wrong but now 1THS of S5 bring around 0.00418979 BTC/TH/day (i'm using pps number). that make a ROI of 95 days (pretty nice) .

But with the next diff increase income per day goes down from 19% so it will be 0.0033 BTC/TH/day . That make a ROI of 631 days (for me equals never ROIed)
Knowing than next diff is calculated on the time it took to find the  last 2016 blocks, even if some big player switch off his pool today there is no chance to trick the diff calculations .

So am I correct to assume  than :

either S5 is dead in  the next 5 days ?
or BTC price has to increase by at least 20% to keep the S5 running .

There is some market behaviour i don't understand right now or somebody is betting on BTC price increase ??
PS : I can't help it thinking something smell fishy and S5 market price is manipulated (why would it be buyers on the market, knowing the numbers above ? )

[skuser]

Correct me if I'm wrong but now 1THS of S5 bring around 0.00418979 BTC/TH/day (i'm using pps number). that make a ROI of 95 days (pretty nice) .

But with the next diff increase income per day goes down from 19% so it will be 0.0033 BTC/TH/day . That make a ROI of 631 days (for me equals never ROIed)
Knowing than next diff is calculated on the time it took to find the  last 2016 blocks, even if some big player switch off his pool today there is no chance to trick the diff calculations .

So am I correct to assume  than :

either S5 is dead in  the next 5 days ?
or BTC price has to increase by at least 20% to keep the S5 running .

There is some market behaviour i don't understand right now or somebody is betting on BTC price increase ??
PS : I can't help it thinking something smell fishy and S5 market price is manipulated (why would it be buyers on the market, knowing the numbers above ? )

Your S5 PPS number is theoretical yield BEFORE deducting maintenance fee. Hashnest S5 currently makes 0.00418979 - 0.003 daily fee = 0.0011 net BTC/TH/day. The ROI  at S5 market price 0.1/TH is about 90 days, so that's correct anyway

With next diff increase, say 19% the net earnings will drop to 0.00339 - 0.003 = 0.00039 net BTC/TH/day which will make theoretical ROI drop to about 270 days so despite your ROI calculation is too pesimistic it is true anyway because halving will happen in about 160 days.

However it doesn't mean S5 is dead in 5 days, the earnings will be still positive so there is a lot of time for speculation, because if BTC price goes up S5 ROI will improve.

S5 will be dead at current BTC price when difficulty grows another 11% after 19%. Then the net daily earnings will drop to zero.

PS And don't try to understand market, it always behaves irrationaly

[chmick]

thanks for your calculations .

Talking about dying , Have anybody heard anything about S4  redeeming ??  It seems it has been over 100% for a while now .

[skuser]

I think they are waiting for S4 death confirmation by difficulty increase because currently just small jump in BTC price (to 390) would make S4 profitable again.

[DebitMe]

Hello everybody.

Just saw a post on reddit /r/bitcoin telling hashnest has been hacked and some people lost coins .

check your account .

BTW that could explain also some price dive if account were hacked and hash power sold massively .

That is why it is important to have a pin set up and 2FA.  Not sure how many hacks it takes for people to realize that this is a necessity.  If you do not have these set up, do it immediately.

[steveds]

To be honest I don't like to believe any shit like this,bitcoin hacks and scams are just getting more worse with time.

That is why it is important to have a pin set up and 2FA.

I wonder if they were hacked then the database might have been compromised as well ?

[DebitMe]

To be honest I don't like to believe any shit like this,bitcoin hacks and scams are just getting more worse with time.

That is why it is important to have a pin set up and 2FA.

I wonder if they were hacked then the database might have been compromised as well ?

Doesn't matter if the database was hacked if you have 2FA set up.  They would also have to have access to your phone.

[ps_jb]

Yes very probably the difficulty will drop after halving when old tech gear will get shut down. However it seems some new low consumption technology is being plugged in which won't have to be shut down after halving and it's share on total hashrate will be so high the diff drop will be within single digit percent number. Anyway will be fun to watch.

I think old-tech ASICs will die way before halving. S5 will be dead in a month if BTC price suddenly will not jump to 500USD.

And agree - fun time is coming

[LiberOptions]

Recently bought some GHS and am trading as we speak. Sounds very to take some daytrading moves

[stiffbud]

For referrence, is this cloud mining profitable or not? How many ghs will I need to actually get profit from this? I want to try this but as I he a bad experience with cloud minings I am really having second thoughts.

[DebitMe]

For referrence, is this cloud mining profitable or not? How many ghs will I need to actually get profit from this? I want to try this but as I he a bad experience with cloud minings I am really having second thoughts.

Do not take advice on profitability from strangers on the internet.  Go to www.bitcoinwisdom.com and use their calculator to come up with your own conclusion.  Then go and read and understand the asset your thinking about investing in.  Then, if you have questions, come back, but it will do you absolutely no good to not understand and blindly ask strangers who don't have your best interests at heart about what to do.

[bones261]

For referrence, is this cloud mining profitable or not? How many ghs will I need to actually get profit from this? I want to try this but as I he a bad experience with cloud minings I am really having second thoughts.

There is now over one exahash going toward mining for Bitcoin. It's difficult to ROI even if you bought the latest equipment and mined it yourself. Hashnest was good in the past, but these mining conditions are too extreme right now, especially with the halving event coming up this summer or sooner.

[ps_jb]

For referrence, is this cloud mining profitable or not? How many ghs will I need to actually get profit from this? I want to try this but as I he a bad experience with cloud minings I am really having second thoughts.

You will have profit from any amount of GHS - after your hashes will pay for themselves (ROI time).

The level of profit will depend on the initial investment

To get reasonable amount of BTCs per day you probably need smth like 50 THs of S7

[skuser]

For referrence, is this cloud mining profitable or not? How many ghs will I need to actually get profit from this? I want to try this but as I he a bad experience with cloud minings I am really having second thoughts.

Do not buy anything before understanding simple math behind the calculations. If you do your math you'll know that you will not get your investment back.

[steveds]

You will have profit from any amount of GHS - after your hashes will pay for themselves (ROI time).

That is not profit but getting the investment back,you can profit if you play the pump and dump game in Gh's market.

To get reasonable amount of BTCs per day you probably need smth like 50 THs of S7

Buying S7 and mining could be profitable if you get any better electricity rates but not the GH's.

[khonggianmang]

S5 now very cheap... cheap... cheap.... and die  if  BTC < 380 usd....

[galdur]

Estimated Next Difficulty:   143,806,145,905 (+19.81%)
Adjust time:   After 80 Blocks, About 10.7 hours
Hashrate:   1,089,660,784 GH/s



Chart Explained
Red line
The difficulty.
Green line
The estimated next difficulty.
Blue line
Average block generation time of 2016 blocks. Block generation time is also known as confirmation time.
Grey line
Average block generation time of 1008 blocks.
If grey line less than blue line, The generation time is decreasing.

The more grey line is lower than blue line, the faster generation time is decreasing.

After 2016 blocks generated, Bitcoin will adjust difficulty to estimated difficulty in order to keep the block generation time at 600 seconds

bitcoinwisdom.com

[galdur]

Feb 07 2016   144,116,447,847   +20.06%   1,031,625,717 GH/s

Bitcoin Difficulty:   144,116,447,847
Estimated Next Difficulty:   173,112,078,482 (+20.12%)
Adjust time:   After 2010 Blocks, About 13.3 days

[neilsolomons]

It's funny that amounts paid before costs are fluctuating all the time in line the Bitcoin price. If it's high it seems you get better amounts and if it's low you get less which is crap.

For a start the pool should be by itself on all the miners working together and then you have their own farms mixed in aswell. They used to display the users and hashing power which they don't show but last time I saw users hadn't risen and hash power wasn't a noticeable rise so why the less rewards. They upped their own farms.

[johny08]

What about Pacmic? Does anyone go into that anymore?

i dont understand. you cant get out your money with pacmic v4 with the halving and this difficulty. and people still buying. thats a guaranteed loss.

when you buy now and the s7 still mining until the halving then you get around 70% back without difficulty rising until then. so goodbuy btc :-)