HASHNEST Discussion and Support Thread

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Whats with bitman's passport login 504 bad gateway error been over 4 hours...

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[ps_jb]

well you can instead of taking btc back can reinvest the btc into more gh/s per block found and increase the 6 th/s, back when i did pacmic4 they offered 1 th/s per 1 btc and i had 1.2? th/s cant remember exactly, but i know it took forever due to rebuying hash rate instead of taking btc. so i am guessing over or at 6 months.

and i believe i read here on the forms bitman just went ahead and paid everyone back instead of waiting on mining the btc back, they offer that too with Pacmic. But them just paying them back without the interest on the remaining btc., so they kinda lost some interest.

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Two more difficulty rise and S7 is gone

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Probably, but pacmic 5 are running off s9's

Quote form the pacmic 5 contract:

"Q:Is the PACMiC really risk-free?

A: Like all forms of bitcoin mining, there is a certain level of risk involved. If network difficulty unforeseeably skyrockets, or if the price of bitcoin drops too much, the Antminer S9 units backing the PACMiC may not be profitable to run and be forced to go offline, in which case contracts would be suspended (possibly indefinitely) and the user may not recover the initial cost of the miner. However, the AntMiner S9 is currently the most power efficient bitcoin miner available on the market, and would be among the last to be forced to power down under unfavorable market circumstances. It is our comprehensive evaluation that the likelihood of PACMiC holders not recovering their initial cost is indeed quite low. We ask that all users please understand the risks inherent to any sort of bitcoin mining, and also to understand that there is no such thing as a risk-free product. "

https://www.hashnest.com/contracts/new

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[ps_jb]

Probably, but pacmic 5 are running off s9's

 the Antminer S9 units backing the PACMiC may not be profitable to run and be forced to go offline, in which case contracts would be suspended (possibly indefinitely)

https://www.hashnest.com/contracts/new

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That makes sense! Thanks for the info

[feinter]

well you can instead of taking btc back can reinvest the btc into more gh/s per block found and increase the 6 th/s, back when i did pacmic4 they offered 1 th/s per 1 btc and i had 1.2? th/s cant remember exactly, but i know it took forever due to rebuying hash rate instead of taking btc. so i am guessing over or at 6 months.

and i believe i read here on the forms bitman just went ahead and paid everyone back instead of waiting on mining the btc back, they offer that too with Pacmic. But them just paying them back without the interest on the remaining btc., so they kinda lost some interest.

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Two more difficulty rise and S7 is gone

So why people still hold S7 ? Price on market should be dumped to few satoshi! Why is this not happening? Is it possible (in theory)that the S7 survive longer?

[DebitMe]

well you can instead of taking btc back can reinvest the btc into more gh/s per block found and increase the 6 th/s, back when i did pacmic4 they offered 1 th/s per 1 btc and i had 1.2? th/s cant remember exactly, but i know it took forever due to rebuying hash rate instead of taking btc. so i am guessing over or at 6 months.

and i believe i read here on the forms bitman just went ahead and paid everyone back instead of waiting on mining the btc back, they offer that too with Pacmic. But them just paying them back without the interest on the remaining btc., so they kinda lost some interest.

Icon

Two more difficulty rise and S7 is gone

So why people still hold S7 ? Price on market should be dumped to few satoshi! Why is this not happening? Is it possible (in theory)that the S7 survive longer?

If bitcoin price goes up it could prolong the S7, but the markets have never been rational. Don't buy if it isn't a good value.

[Getmon]

well you can instead of taking btc back can reinvest the btc into more gh/s per block found and increase the 6 th/s, back when i did pacmic4 they offered 1 th/s per 1 btc and i had 1.2? th/s cant remember exactly, but i know it took forever due to rebuying hash rate instead of taking btc. so i am guessing over or at 6 months.

and i believe i read here on the forms bitman just went ahead and paid everyone back instead of waiting on mining the btc back, they offer that too with Pacmic. But them just paying them back without the interest on the remaining btc., so they kinda lost some interest.

Icon

Two more difficulty rise and S7 is gone

So why people still hold S7 ? Price on market should be dumped to few satoshi! Why is this not happening? Is it possible (in theory)that the S7 survive longer?

If bitcoin price goes up it could prolong the S7, but the markets have never been rational. Don't buy if it isn't a good value.

The S7 is good for the people with <0.05 dollar/kWh electricity. Otherwise, it will be loss making for them.

[shield132]

Dear Bitmain,

Very interest to invest my bitcoin in cloud mining, want to know, if I invest about 2 BTC, how long I get for return of investment if the bitcoin price about $750.

Best regards and thank you very much.

Lookat the market, people are selling all gh/s, half years ago it's price was nearly 10x higher and now it won't makes profit. If you'll invest that 2 bitcoin in buying s7 hashrates, than you won't get profit, you only loose. While they aren't going to add s9 on market,  it don't worth to invest in s7.

They added pacmic V5 with antminer s9 and hope this means that it will soon appear on market.

[leowonderful]

I'm also pretty sure you can redeem hashrate for miners once they become 100% on hashnest. I've snagged cheap S5s and S3's on the site a year or so ago, and you can even make quite a good amount just reselling them. The big factor is shipping costs, else the miners they ship come in fair condition- not all of em are in good condition, but they're good enough.

[Getmon]

I'm also pretty sure you can redeem hashrate for miners once they become 100% on hashnest. I've snagged cheap S5s and S3's on the site a year or so ago, and you can even make quite a good amount just reselling them. The big factor is shipping costs, else the miners they ship come in fair condition- not all of em are in good condition, but they're good enough.

that is better than most other cloud mining sites. In the other sites, you do not have access to your miners afterwards.

[pumawolf]

finally its here .   the maint  fee got reduce as well.  they always find a way to suck us back in. 

[BITMAIN]

HashNest released the most efficient hashrate AntminerS9 officially on 7/12/2016 Beijing time.

Specifications as below:
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Hashrates: 12.5T

Power: 130W/T

Price: $1699

Electricity fee: $0.234/THS/Day

Meanwhile HashNest dropped down the electricity fee for both AntS7 and AntS9 respectively.

Electricity fee for AntS7 dropped from $0.5796/THS/Day to $0.445/THS/Day  
***************************************************************
Electricity fee for AntS9 dropped from $0.305/THS/Day to $0.234/THS/Day
***************************************************************

[petahashminer]

excellent news,

we will see more profit from these antminers in the future.

[ps_jb]

excellent news,

we will see more profit from these antminers in the future.

Are you sure?

Price is super sucks

[philipma1957]

WTF is wrong with your

2FA


I get

 The sms code has been forwarded to (my correct phone)  

I get no text  .

Fix it.

I could give the long explanation  basically it seems to only work   a few hours  each  day from 11pm est to 2am est.


Or it comes in 7 minutes and your system is set to expire the code in 120 seconds.


I had 3 codes comes late then it worked in the middle of the night  and now no codes come.

I just sent a code 5:09pm est

no code came it is 5:16 pm est

i did a resend at 5:17 pm

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https://enforum.bitmain.com/bbs/topics/3856

Getting something similar using googles 2fa (imo more secure)

Anyways now getting prompt every 5 mins when refreshing mining web page, junk is getting old.

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[ps_jb]

WTF is wrong with your

2FA


I get

 The sms code has been forwarded to (my correct phone)  

I get no text  .

Fix it.

I could give the long explanation  basically it seems to only work   a few hours  each  day from 11pm est to 2am est.


Or it comes in 7 minutes and your system is set to expire the code in 120 seconds.


I had 3 codes comes late then it worked in the middle of the night  and now no codes come.

I just sent a code 5:09pm est

no code came it is 5:16 pm est

i did a resend at 5:17 pm

Phil,

Same crap is here - sent them support ticket.

Wake up China!

[bones261]

WTF is wrong with your

2FA


I get

 The sms code has been forwarded to (my correct phone)  

I get no text  .

Fix it.

I could give the long explanation  basically it seems to only work   a few hours  each  day from 11pm est to 2am est.


Or it comes in 7 minutes and your system is set to expire the code in 120 seconds.


I had 3 codes comes late then it worked in the middle of the night  and now no codes come.

I just sent a code 5:09pm est

no code came it is 5:16 pm est

i did a resend at 5:17 pm

Phil,

Same crap is here - sent them support ticket.

Wake up China!

Unfortunately, Bitmain doesn't even regularly check this thread. Just post announcements and that's it. I doubt anyone from Bitmain actually reads a word posted here.

[d@nte]

Good to know that new mining equipment is available, I think miners have been waiting for quite a while. It will be interesting to see how the s9's performance will be. Is someone already mining with this? Will this equipment be able to handle possible increases in mining difficulty for the coming months?

[ps_jb]

Allright - SMS verification is fixed