HASHNEST Discussion and Support Thread

[nethack]

im started mine last week.and this what i get with S7 4860ghs miner..total payout so far 0.11 maintenence fees 0.05!what a joke!

[wlefever]

im started mine last week.and this what i get with S7 4860ghs miner..total payout so far 0.11 maintenence fees 0.05!what a joke!

What's the problem? Didn't do the math before you bought it?

[DebitMe]

im started mine last week.and this what i get with S7 4860ghs miner..total payout so far 0.11 maintenence fees 0.05!what a joke!

What's the problem? Didn't do the math before you bought it?

Thats what I was thinking as well.  Mining can be hard to predict a couple of months out, but in a week you should have been able to accurately figure how much you were going to make.

[galdur]

One TH/s makes theoretically 0.00301400 BTC per day. That´s presently $1.26. Then there´s the maintenance cost, the lower the BTC price the more satoshi per dollar and thus the higher ratio of maintenance and vice versa.

It´s all there at bitcoinwisdom.com and you can follow total hashrate and difficulty. The gist of it is that a rapidly increasing hashrate has been mining a fixed amount of bitcoin mined daily leading to dwindling returns. The bitcoin price seems to have been doing little else but stay safely above the mining cost of a bitcoin, so as to keep major mining and with it the blockchain safely going. Without the blockchain there is no bitcoin, that is the market´s primary concern. 

[petget]

What is this math?
Look at the last transaction:
0.0326237 BTC + 0.00002789 must be 0.03265159
But Bitmain says it is 0.03262922.
And there are many errors like this.

http://alfa.kachi-snimka.info/images-2013/jdv1460025308b.JPG

[lumeire]

I am planing to put some money in hashnest cloudmining site. peoples giving positive feedback about it.
personally I don't believe in cloudmining sites. because most of them went ponzi. but something doing is better then nothing.
what you think guys. how much should I invest first?

The thing is mining in general is in a downtrend. Difficulty is rising sky-high. Trust me, it's not profitable in the long-term.

[fullzero]

IMO now is not the best time; I would wait until the S9 is announced and preorder is opened.  When this happens the market for S7 will go way down.  Do the math now and find out what price is most likely profitable for you; the S9 will have high markup initially, and the S7 exodus should drive the price down enough to make it the better buy.

[galdur]

IMO now is not the best time; I would wait until the S9 is announced and preorder is opened.  When this happens the market for S7 will go way down.  Do the math now and find out what price is most likely profitable for you; the S9 will have high markup initially, and the S7 exodus should drive the price down enough to make it the better buy.

So, that´s the new chip, right? And difficulty will continue ballooning then presumably. It has slowed down lately but the uptrend seems still to be there.

[galdur]

This is a totally massive increase in hashpower from about 350 million GH/s to over 1.2 billion in the last nine months. And in three months the fixed amount of bitcoins that this mass is mining will be cut in half. I guess that some notable operations will give up the ghost unless the BTC price rises a lot.

[D4RK5T4R]

What is this math?
Look at the last transaction:
0.0326237 BTC + 0.00002789 must be 0.03265159
But Bitmain says it is 0.03262922.
And there are many errors like this.

Instead of relying on the broken transaction page, try downloading the report and view in a spreadsheet. Mine looks correct there and matches up with my current balance.

[petget]

xsl report is OK. Thanks.

[aleandromagno]

I am planing to put some money in hashnest cloudmining site. peoples giving positive feedback about it.
personally I don't believe in cloudmining sites. because most of them went ponzi. but something doing is better then nothing.
what you think guys. how much should I invest first?

Something is not always better than nothing. At this point I wouldn't jump into cloud mining especially not much knowledge on the subject or the platform.

IMO now is not the best time; I would wait until the S9 is announced and preorder is opened.  When this happens the market for S7 will go way down.  Do the math now and find out what price is most likely profitable for you; the S9 will have high markup initially, and the S7 exodus should drive the price down enough to make it the better buy.

Agree, this is not the best time. However, buying S9 immediately after the release, in my opinion is not the best solution. As I remember rates S5 and S7 they were very overpriced, with S9 I expect a similar situation.

[wlefever]

I am planing to put some money in hashnest cloudmining site. peoples giving positive feedback about it.
personally I don't believe in cloudmining sites. because most of them went ponzi. but something doing is better then nothing.
what you think guys. how much should I invest first?

Something is not always better than nothing. At this point I wouldn't jump into cloud mining especially not much knowledge on the subject or the platform.

IMO now is not the best time; I would wait until the S9 is announced and preorder is opened.  When this happens the market for S7 will go way down.  Do the math now and find out what price is most likely profitable for you; the S9 will have high markup initially, and the S7 exodus should drive the price down enough to make it the better buy.

Agree, this is not the best time. However, buying S9 immediately after the release, in my opinion is not the best solution. As I remember rates S5 and S7 they were very overpriced, with S9 I expect a similar situation.

He said the release of S9 should drive the price of S7 down thus creating a buying opportunity for S7.

[deadpoolx]

I am planing to put some money in hashnest cloudmining site. peoples giving positive feedback about it.
personally I don't believe in cloudmining sites. because most of them went ponzi. but something doing is better then nothing.
what you think guys. how much should I invest first?

Something is not always better than nothing. At this point I wouldn't jump into cloud mining especially not much knowledge on the subject or the platform.

IMO now is not the best time; I would wait until the S9 is announced and preorder is opened.  When this happens the market for S7 will go way down.  Do the math now and find out what price is most likely profitable for you; the S9 will have high markup initially, and the S7 exodus should drive the price down enough to make it the better buy.

Agree, this is not the best time. However, buying S9 immediately after the release, in my opinion is not the best solution. As I remember rates S5 and S7 they were very overpriced, with S9 I expect a similar situation.

He said the release of S9 should drive the price of S7 down thus creating a buying opportunity for S7.

It's the only trustable service of this sector at the moment. But the fees make it too dangerous.
Would like to have more info about the S9.

[lumeire]

I am planing to put some money in hashnest cloudmining site. peoples giving positive feedback about it.
personally I don't believe in cloudmining sites. because most of them went ponzi. but something doing is better then nothing.
what you think guys. how much should I invest first?

Something is not always better than nothing. At this point I wouldn't jump into cloud mining especially not much knowledge on the subject or the platform.

IMO now is not the best time; I would wait until the S9 is announced and preorder is opened.  When this happens the market for S7 will go way down.  Do the math now and find out what price is most likely profitable for you; the S9 will have high markup initially, and the S7 exodus should drive the price down enough to make it the better buy.

Agree, this is not the best time. However, buying S9 immediately after the release, in my opinion is not the best solution. As I remember rates S5 and S7 they were very overpriced, with S9 I expect a similar situation.

Some people were able to cash in when S7 was first introduced to HashNest. They bought from store and immediately sold to the market at huge margins. I don't think next time would be so different, there are a lot of initial demand for this, especially for people who can only afford a fraction of the miner.

[galdur]

The difficulty is spiking again; up 7% with 4 days to go until the adjustment. It´s a bit surprising, the BTC price being this depressed. Maybe it´ll end up a bit lower.

[biggbox]

I understand there are people using miners as heaters. I wonder what are the electricity consumption rates compared to a real heater.

[fullzero]

I understand there are people using miners as heaters. I wonder what are the electricity consumption rates compared to a real heater.

I am assuming that you meant; are they as effective at heating for the same power draw.  They are almost exactly the same, no one should be running a space heater.

[aleandromagno]

I understand there are people using miners as heaters. I wonder what are the electricity consumption rates compared to a real heater.

People use miners as heaters to reduce energy costs. I am afraid that the mining rigs will never be more cost-effective than conventional heating, but of course it depends on the method of heating and local prices.

[WowCheBit]

Hello guys .... sorry for my bad english... guys want to buy 10pcs ants7 of hashnest so as to have 48.600 th/s on antpool...
I want to try to figure out if the investment is good or not ...
I can not to understand what are the costs of manutentzione taxes or other ...
someone can give me the calculation that i earn daily? I sell the proceeds of localbit ...
Also what will happen to the miners when there will be halving?
in my opinion the price of bitcoin will also increase because otherwise the miners should be at a loss ... what you think?