HASHNEST Discussion and Support Thread

[ImHash]

back in business it appears.

[ps_jb]

not sure why that happen not sure ..

Bad luck happened - bad luck

[pandalion98]

Does GHS continue to mine while trade-locked?

For example, I have 1000 GHS on a sell order. Do those still mine?

[Ethey]

Does GHS continue to mine while trade-locked?

For example, I have 1000 GHS on a sell order. Do those still mine?

yes

[bapparabi]

as i can see today everything working normal ..and back ..so guys don't sell as its mining and mantanance/payout it around 35% which is profitable for now 

[ImHash]

They really should change pools when ant pool has difficulties and low block find count, this way people are not losing money and would never cash out from hash nest completely like what I'm doing right now

[bapparabi]

yes last 2 days they are not lucky so we don't get return ..but from today its working fine

[ps_jb]

They really should change pools when ant pool has difficulties and low block find count, this way people are not losing money and would never cash out from hash nest completely like what I'm doing right now

Why "they" should change their own pool? To please you?

[lechatelier]

Why has the Antpool luck % been so low for the last month? Other pools remain well above 100% while we're at 89-92% with higher fees   Is this all random or is there a reason for this?

[ps_jb]

Why has the Antpool luck % been so low for the last month? Other pools remain well above 100% while we're at 89-92% with higher fees   Is this all random or is there a reason for this?

Google the definition of luck

[ps_jb]

Now - finally some interesting news on S9 for cloud miners

It looks like BTM is NOT going to offer to us this option

By the last information it WILL NOT be a S9

Any suggestions from community?

[biggbox]

Now - finally some interesting news on S9 for cloud miners

It looks like BTM is NOT going to offer to us this option

By the last information it WILL NOT be a S9

Any suggestions from community?

Where did you read this info? Mind sharing the link with us?

[IanFoxley]

Now - finally some interesting news on S9 for cloud miners

It looks like BTM is NOT going to offer to us this option

By the last information it WILL NOT be a S9

Any suggestions from community?

Where did you read this info? Mind sharing the link with us?

I had a search around and it seems it originally came from the Bitmain Facebook page and then that reply was posted on the Hashnest Forum.

Someone had asked a question about S9 coming to Hashnest on Facebook and then Bitmain replied to the question. The most important word I have put in Bold.

Continuing our efforts to decentralize the bitcoin mining network, we do not have plans for that yet.
Regards,
the Bitmain team

The thread on hashtalk can be found here,
https://enforum.bitmain.com/bbs/topics/3565

Interestingly the answer that was pasted on the Hashtalk thread was different to the one I saw on Facebook, make of that what you will. Maybe Bitmain edited it after or perhaps it was a case of more than one question asked and perhaps another support person at Bitmain answered differently.

Here is the answer that was copied and pasted from Facebook and put into the Hashnest thread

"Keeping in line with our efforts to decentralize the bitcoin mining network, we do not have any such plans.

Regards,

the Bitmain team"

As you can see, slightly different answer, so make of that what you will.

[ps_jb]

As you can see, slightly different answer, so make of that what you will.

All is there - nothing to add

I think it is mainly related to absolutely shitty quality of first S9 batches. Many arrived to US DOA, majority requires downclocking to prevent overheating etc

So - let's see

[pandalion98]

As you can see, slightly different answer, so make of that what you will.

All is there - nothing to add

I think it is mainly related to absolutely shitty quality of first S9 batches. Many arrived to US DOA, majority requires downclocking to prevent overheating etc

So - let's see

This is a pretty legit reason from them. I don't think they want their datacenters to burn down because "An early batch of S9s overheated and failed".

What I'm worried about instead is their profit after the block halving. I heard that an S7 will never make any profit unless electricity is free.

[Dekker3D]

As you can see, slightly different answer, so make of that what you will.

All is there - nothing to add

I think it is mainly related to absolutely shitty quality of first S9 batches. Many arrived to US DOA, majority requires downclocking to prevent overheating etc

So - let's see

This is a pretty legit reason from them. I don't think they want their datacenters to burn down because "An early batch of S9s overheated and failed".

What I'm worried about instead is their profit after the block halving. I heard that an S7 will never make any profit unless electricity is free.

And S7 is just a year old and yet will no longer be profitable due to less mining rewards, difficulty increase and expensive price (especially the first few batches). Anyone holding S7 must start selling and go up to newer miners to avoid being left out.

[ImHash]

seems like they are not even giving any shit about people asking whether they will add S9 to the cloud system or not? they are shy or something? haha

[biggbox]

Now - finally some interesting news on S9 for cloud miners

It looks like BTM is NOT going to offer to us this option

By the last information it WILL NOT be a S9

Any suggestions from community?

Where did you read this info? Mind sharing the link with us?

I had a search around and it seems it originally came from the Bitmain Facebook page and then that reply was posted on the Hashnest Forum.

Someone had asked a question about S9 coming to Hashnest on Facebook and then Bitmain replied to the question. The most important word I have put in Bold.

Continuing our efforts to decentralize the bitcoin mining network, we do not have plans for that yet.
Regards,
the Bitmain team

The thread on hashtalk can be found here,
https://enforum.bitmain.com/bbs/topics/3565

Interestingly the answer that was pasted on the Hashtalk thread was different to the one I saw on Facebook, make of that what you will. Maybe Bitmain edited it after or perhaps it was a case of more than one question asked and perhaps another support person at Bitmain answered differently.

Here is the answer that was copied and pasted from Facebook and put into the Hashnest thread

"Keeping in line with our efforts to decentralize the bitcoin mining network, we do not have any such plans.

Regards,

the Bitmain team"

As you can see, slightly different answer, so make of that what you will.

What has S9 hashes got to do with decentralizing? The chinese have already controlled half the mining market. Are there more sinister reasons for their statement?

[JessicaG]

What has S9 hashes got to do with decentralizing? The chinese have already controlled half the mining market. Are there more sinister reasons for their statement?

In my opinion, it's actually a good statement. Antpool already controls like ~1/4 of the total network. Any S9's on the Hashnest market would only enlarge Antpool's share, since everything on Hashnest is pointed towards mining on Antpool.

So if they would incorporate S9's on Hashnest right now, they would be moving more towards centralizing rather than decentralizing. So shipping off S9's outside of Bitmain's influence, is a rather good thing when it comes to (de)centralizing 

[lechatelier]

Their "efforts" of decentralization are bullshit. If they really wanted to point hashpower away from Antpool, why were the first few batches set up to go to Antpool directly? Why did Kano from Kano CKPool say that when set up with any other pool than Antpool, S9 machines would send jibberish random code that would cause trouble in the system? At first, it seemed like you had no choice but to mine with Antpool until Kano fixed the issue.

If you really think they care about decentralization then you're kidding yourself.

Here's what's really happening: They already have hundreds of S9 machines set up in China - but not for their cloudmining service Hashnest, no. They have them set up for themselves, mining in the BW pool. BW pool is part of Bitmain just as Antpool is part of Bitmain, they use the different pools to disguise their true hashpower - and to disguise they have already started using S9s themselves. Haven't you noticed the ridiculous increase in BW hashpower over the past months? And FYI, it has been suggested by multiple experts that F2 and BTCC pools are also connected to Bitmain in some way, possibly to further the disguise of how much of the market they really control.

That's just the most profitable thing for them to do. Right now, you can make a decent amount of coins with S9s so why sell them on? They're just waiting for the S7 market to crash so everyone invested loses their money. Once that happens and S9s aren't as profitable anymore, they will just transfer the already used machines to their cloud mining operation and offer them for full price to the customers - and they're none the wiser. It's a win-win for Bitmain: They get to use the machines in the juicy first few months and then sell them on for full price once they've became less profitable. And there's proof for them already selling on used S9 machines to customers. How would a brand new S9 appear to be used if it was just released? How? Obviously because it was used for mining already - just google for this issue or look on the forum, there's hard evidence for this happening right now.

It's no coincidence that more and more S9 batches are being released now that the halving is near - and more will come in the next few weeks, because Bitmain knows the time to sell has almost come. They might continue using some after the halving if it's still profitable then, but why take the risk? They've already got months of mining profits in the bag and can now cash out by selling the machines for a full retail price, making another decent profit.

Bitmain doesn't deliver brand new hardware anymore, they use it themselves first. All of the "batches" being released right now are just sub-par or faulty machines that had already been running in China for months. When you buy at Bitmain, you buy second hand. Getting a machine that actually works, doesn't overheat and delivers hashpower in the realm of what was promised is a fucking gamble. Your chances of getting a decent, working machine are probably higher after the halving because they're keeping the good ones for themselves for now.

Bitmain are just being greedy fucks at this point. They have the machines set up to mine for themselves but withhold them from customers who had previously funded all of their R&D by buying inferior S3, S5 or S7 machines. They're basically going the KnC/Bitfury way, happily taking your money as long as it suits their needs but also withholding any new technologies funded by your money as long as it's profitable for them.

Shame on Bitmain, what they're doing is basically a big scam.

Should you be invested in their cloud mining operation then I personally suggest cashing out all of your GHS shares BEFORE the halving occurs - the S7 hash market will collapse soon after and I don't want to risk losing all of my investment.