HASHNEST Discussion and Support Thread

[WaffleMaster]

@Crazyivan

My PacMi4 expired about 4 days ago on 11 June. The contract began 16 Oct. Profit: 0.0378 BTC

So roughly 8 months for a .0378 profit. I guess that really isn't bad because that's near 4% of very safe interest in 2/3 of a year. So overall that's around 6% interest a year on your Bitcoin's. Pretty good!

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[biggbox]

@Crazyivan

My PacMi4 expired about 4 days ago on 11 June. The contract began 16 Oct. Profit: 0.0378 BTC

And HUGE profit in fiat

Good point. In fiat terms, it's a good gain!

@Crazyivan

My PacMi4 expired about 4 days ago on 11 June. The contract began 16 Oct. Profit: 0.0378 BTC

So roughly 8 months for a .0378 profit. I guess that really isn't bad because that's near 4% of very safe interest in 2/3 of a year. So overall that's around 6% interest a year on your Bitcoin's. Pretty good!

That's why I am looking forward for PacMi5 contract...if there is going to be one.

[lechatelier]

Hashnest newcomer here, wanted to address some more experienced, long-term cloud miners with a couple of question : )


First of all: What's your overall experience with Hashnest? It seems to be one of the truly legit (meaning they mine themselves) cloud mining services around. Are you satisfied with them as a company? Ever had any issues with withdrawals etc?

Secondly, what are your two cents on ROI? Have you ever made it? If so, how long did it take and how much net profit were you able to make after hitting that sweet ROI?

And finally: Is this a good time to start? Or should I wait for the new S9 units and the halvening to happen before even thinking about investing?


I would really appreciate some first hand experience! A customer's judgement speaks volumes about a company and I would be really thankful for some valuable opinions on Hashnest : )

Thanks!!

[bapparabi]

Hashnest newcomer here, wanted to address some more experienced, long-term cloud miners with a couple of question : )


First of all: What's your overall experience with Hashnest? It seems to be one of the truly legit (meaning they mine themselves) cloud mining services around. Are you satisfied with them as a company? Ever had any issues with withdrawals etc?

Secondly, what are your two cents on ROI? Have you ever made it? If so, how long did it take and how much net profit were you able to make after hitting that sweet ROI?

And finally: Is this a good time to start? Or should I wait for the new S9 units and the halvening to happen before even thinking about investing?


I would really appreciate some first hand experienced!
Thank you so much in advance!

investing in cloud mining is completely deepen on your wish and roi take long time ..so its like slow return ..ad as for hashnest its best right because you even sell it if you not minign where as otehr company you can't sell it ..about s9 its price is quite high ..i think we should wait for 2-3 month before buying it ..hope at that time price will be stabilize

[lechatelier]

Thanks for your input but that's way too vague. I was looking for first hand experience by users that have actually been invested in Hashnest for a long period of time. Numbers, charts, excel spreadsheets, screenshots: In short, your journey on Hashnest - that's what I was looking for. I'd love it if some of you would share their wisdom .. at least a little of it : )

Thanks!

[Guruclef]

Thanks for your input but that's way too vague. I was looking for first hand experience by users that have actually been invested in Hashnest for a long period of time. Numbers, charts, excel spreadsheets, screenshots: In short, your journey on Hashnest - that's what I was looking for. I'd love it if some of you would share their wisdom .. at least a little of it : )

Thanks!

hey lechatelier, sorry I don't have enough time to get charts and all that, but I can tell you my experience. I purchased more or less 1.5 TH of S5 shares since shortly after their launch (was it a year ago?), until the shutdown of S5 mining recently. I got ROI and a little more (around 20% profit) but that includes also profit from trading shares on the market.
As you probably know, hashnest deducts the cost of electricity and manteinance from your mining earnings, in dollars. So when the price of bitcoin goes up, the manteinance cost is a small fraction of the payout (as few BTC equals more USD), but when BTC goes down in price or difficulty spikes too much, your earnings get smaller. This happens until earnings are almost zero at the end of a miner's lifespan (when difficulty is too high), then hashnest offers you the choice to redeem the machine(s) physically (but who would like to pay for shipping of a heavy and noisy heater) or sometimes will offer you some kind of discount coupon instead if you prefer. Unless you somehow have free electricity and live close to china, I don't think shipping the miner is worth it.

You can always trade those shares representing hash power on their electronic market, but it can be hard to decide if you want to sell it for instant gains, or keep the hash to receive mining income (like stock "dividends"). To make those decisions, you should make your own calculations like "price per GH/s", how much more expensive or cheap it would be for you to just buy or sell btc, or buy a physical miner, etc, and also time needed for ROI in case you would prefer to just "buy and hold". To calculate ROI time, this link is useful: http://nextdifficulty.com/

It will show you the time for ROI at current difficulty, for the kind of shares you have.

I know it's weird, but I think this cloud mining isn't so good as an investment, but more as a way of forcing you to spend your BTC little by little, since you get it back in drops until ROI, lol.

Good luck.

[lechatelier]

I know it's weird, but I think this cloud mining isn't so good as an investment, but more as a way of forcing you to spend your BTC little by little, since you get it back in drops until ROI, lol.

I have had the exact same thought a couple of days ago lol


Thanks so much for sharing!

So did you end up selling your S5 hashrate in the end or did you get the hardware sent to your home or what happened once those S5 miners werent profitable anymore (Or are they still?)

[Ethey]

is the s9 finally for market sale online? 

[DebitMe]

is the s9 finally for market sale online? 

Not that I see yet.

[bapparabi]

is the s9 finally for market sale online? 

Not that I see yet.

Yes as i cansee already started selling and batch one si already reach to buyer and now in batch 3 ..but still to come in hashnest panel

[Ethey]

When will ome the s9 on the market on hashneest?
Somebody knows this?

Would be great to hear about Wanted to try some investments on the new chip

regards

[bapparabi]

When will ome the s9 on the market on hashneest?
Somebody knows this?

Would be great to hear about Wanted to try some investments on the new chip

regards

This not sure and there is not official news by hashnest team also about the adding s9 ..but hope to come soon

[sbtctalk]

I read that the miners that buyers received appear to be used. They are not brand new.

[techgeek]

Last time I checked hashnest was a while back.

So please correct me here, but there used to be some sort of buy and sell category for contracts? is this no longer a option or is this under a seperate section I`m not aware of?

[biggbox]

Last time I checked hashnest was a while back.

So please correct me here, but there used to be some sort of buy and sell category for contracts? is this no longer a option or is this under a seperate section I`m not aware of?

It's known as Pacmi contracts. It's already reached the 4th version and its sold out. We are all waiting for version 5.

[JessicaG]

is the s9 finally for market sale online? 

Not that I see yet.

Yes as i cansee already started selling and batch one si already reach to buyer and now in batch 3 ..but still to come in hashnest panel

As I come to think of it, it's actually not a bad thing that S9's are being shipped and them *not* being offered just yet through Hashnest, as it helps diversifying the allocation of the mining power.

[lechatelier]

Quick question: When I buy hashpower on the Hasnest market from another client of theirs, will it be transferred to my account and used to mine for me? How long does that usually take?

[DebitMe]

Quick question: When I buy hashpower on the Hasnest market from another client of theirs, will it be transferred to my account and used to mine for me? How long does that usually take?

It transfers instantly and you will start receiving proceeds once the next block is found by Antpool.

[alienmoney]

ANN: BITMAIN announces Cloud Hash Platform-HASHNEST.COM

Published on September 1st, 2014,

https://i.imgur.com/WI1UgrO.png?3

BITMAIN is announcing the acquisition of Hashnest.com – a cloud hash platform which was originally named Snowball Exchange (Snowball.io). Hashnest.com will operate independently to build a reliable, economical and decentralized platform that serves the worldwide mining enthusiasts and hosting operators. What’s more, this is also a step to enhance the fundamental safety of Bitcoin.

https://i.imgur.com/F2YnnKm.png

The biggest advantages of Hashnest.com are the stable earnings, low maintenance cost and the safety & integrity of capital. Hashnest.com is the largest cloud mining platform for Bitcoin in China, which was officially launched on June 1st, 2014, and the users incredibly climbed to 1,000 in less than 90 days without any marketing expenses. So far, the total hash rate infused into the platform has been over 4PH/s that is accounted for about 2% of the total network hash rate. The core team members have the rich experiences in WEB development. They are not only focusing on customers’ needs and customer experiences, but also vigorously protecting customers’ assets which is spoken highly by the evaluation test conducted by the third party white-hat network evaluators such as one of the famous providers Wooyun (wooyun.org).

The hash rate distribution of HASTNEST is based on the actual hash rate and real output. Every day, the cloud mining hashing power owners will receive the mining revenue based on the real output of their own hash rate. Users can monitor the hash rate in the mining pool from HASHNEST platform in real-time.

Cloud Hashing is the Prospective Trend for Bitcoin Mining

With the rapid growth of Bitcoin industry, the hash rate of Bitcoin keeps increasing. The cost of mining rigs is gradually getting lower as the constant R&D efforts. Let’s consider a middle-class mining fans as an example. Funding the capital and making a decision to take risks to join mining industry are the easy part. It’s more difficult for him to spend a lot of time/patience on deploying/maintaining the mining rigs and meeting the electricity needs and managing the heat. In the future, most of the mining rigs will be deployed in specialized hosting farms, enterprising and professional teams will help to search the low cost energy and maintenance for the rigs. The miners will access their miners and hashing power remotely, just like the popular VPS business model in the Internet.

However, we still need to keep decentralization in this centralization trend. It is sure harmful and dangerous to the Bitcoin industry and the eco-system if the majority of hashing power are controlled by a handful of people.

We are investing significant resources into the development of p2pool mining protocol. At present, the hash rate of HASHNEST is mined from ANTPOOL, zero (0) fees, which will soon be contributed into p2pool. The development of contributed into p2pool is almost completed, and in the final testing and deploying. The code of ANTPOOL will be open sourced, and we are confident that you will be impressed by the outstanding contribution that BITMAIN put into p2pool protocol. We have a focused team who are developing the p2pool mining protocol, and the goal is to have 80% of the total network hash rate join p2pool within next 12 months. At that time, the whole Bitcoin community will never be anxious about the potential risks of the decentralization risk associated with the pool mining model now.

The Round 1 Hash Rate Subscription starting 2nd September, 2014

UMISOO, the first Operator on HASHNEST will provide 4PH/s hashing power, and plan to start the Round 1 subscription at Beijing Time 22:00pm, 2nd September, 2014 (UCT+8:00 Time Zone). Official subscribed flat price is 0.00135 BTC/Gh/s. The Round 1 hash rate is generated by AntMiner S2 with the maintenance fee of $0.0032424/GH/s/Day.

https://i.imgur.com/HRW0KnW.png

HASHNEST official website is hashnest.com and the BITMAIN official website is bitmaintech.com

hashnest is safe, I want to buy a s7, but not so sure that this website can be for the future?

[sorryforthat]

hashnest is safe, I want to buy a s7, but not so sure that this website can be for the future?

I would wait for the S9 and get some of that. S7 is only around 30% right now.