HASHNEST Discussion and Support Thread

[Zaduca]

But the difficulty is rising too fast. It might not be profitable soon.

Bulshit

If the difficulty rises 6% or more each period, it will not be profitable.

[DebitMe]

But the difficulty is rising too fast. It might not be profitable soon.

Bulshit

If the difficulty rises 6% or more each period, it will not be profitable.

There are a million "if's" in mining and the average increase per period is under 4.5%.  It is impossible to predict even semi accurately, so let everyone make their own assumptions/calculations.

[Xanidas]

But the difficulty is rising too fast. It might not be profitable soon.

Bulshit

If the difficulty rises 6% or more each period, it will not be profitable.

it will be not IF the bitcoin price stays the same after xx months but if bitcoin price rises as the difficulty it will still be profitable thought it will still take months before ROI. in the current difficulty and btc price i can say im still getting pretty decent amount while having hash power on hashnest

[keyscore44]

But the difficulty is rising too fast. It might not be profitable soon.

Bulshit

If the difficulty rises 6% or more each period, it will not be profitable.

it will be not IF the bitcoin price stays the same after xx months but if bitcoin price rises as the difficulty it will still be profitable thought it will still take months before ROI. in the current difficulty and btc price i can say im still getting pretty decent amount while having hash power on hashnest

Very good answer. It is not only about difficulty increase. Even if the difficulty will grow 6% in each period (which I doubt), with such increases in Bitcoin prices like in recent days (10%) it will be profitable. The problem will come only when the price of Bitcoin begin to fall. I hope it will not happen..

[Xanidas]

But the difficulty is rising too fast. It might not be profitable soon.

Bulshit

If the difficulty rises 6% or more each period, it will not be profitable.

it will be not IF the bitcoin price stays the same after xx months but if bitcoin price rises as the difficulty it will still be profitable thought it will still take months before ROI. in the current difficulty and btc price i can say im still getting pretty decent amount while having hash power on hashnest

Very good answer. It is not only about difficulty increase. Even if the difficulty will grow 6% in each period (which I doubt), with such increases in Bitcoin prices like in recent days (10%) it will be profitable. The problem will come only when the price of Bitcoin begin to fall. I hope it will not happen..

hopefully it will not happen, though because of the halving the bitcoin price might have its good ground price now, or maybe at the $800 level will be more friendly for us miners in this case and an increase of price based on how much difficulty has increased per 2 weeks period

[keyscore44]

But the difficulty is rising too fast. It might not be profitable soon.

Bulshit

If the difficulty rises 6% or more each period, it will not be profitable.

it will be not IF the bitcoin price stays the same after xx months but if bitcoin price rises as the difficulty it will still be profitable thought it will still take months before ROI. in the current difficulty and btc price i can say im still getting pretty decent amount while having hash power on hashnest

Very good answer. It is not only about difficulty increase. Even if the difficulty will grow 6% in each period (which I doubt), with such increases in Bitcoin prices like in recent days (10%) it will be profitable. The problem will come only when the price of Bitcoin begin to fall. I hope it will not happen..

hopefully it will not happen, though because of the halving the bitcoin price might have its good ground price now, or maybe at the $800 level will be more friendly for us miners in this case and an increase of price based on how much difficulty has increased per 2 weeks period

The increase in difficulty is a very good sign and announces further increases in Bitcoin price. This represents an increase of interest in Bitcoin and increase investment in farms. More interest will always mean an increase in Bitcoin price. Do not be afraid in difficulty increase! 

[leowonderful]

But the difficulty is rising too fast. It might not be profitable soon.

Bulshit

If the difficulty rises 6% or more each period, it will not be profitable.

it will be not IF the bitcoin price stays the same after xx months but if bitcoin price rises as the difficulty it will still be profitable thought it will still take months before ROI. in the current difficulty and btc price i can say im still getting pretty decent amount while having hash power on hashnest

Very good answer. It is not only about difficulty increase. Even if the difficulty will grow 6% in each period (which I doubt), with such increases in Bitcoin prices like in recent days (10%) it will be profitable. The problem will come only when the price of Bitcoin begin to fall. I hope it will not happen..

hopefully it will not happen, though because of the halving the bitcoin price might have its good ground price now, or maybe at the $800 level will be more friendly for us miners in this case and an increase of price based on how much difficulty has increased per 2 weeks period

The increase in difficulty is a very good sign and announces further increases in Bitcoin price. This represents an increase of interest in Bitcoin and increase investment in farms. More interest will always mean an increase in Bitcoin price. Do not be afraid in difficulty increase!  

If the price falls difficulty will also fall so there's nothing bad about this. Only bad thing that could happen is if someone deploys a few PH/S and difficulty rises out of control. It's not likely, but more people looking at btc =/= more people mining.

[ps_jb]

Only bad thing that could happen is if someone deploys a few PH/S and difficulty rises out of control. It's not likely, but more people looking at btc =/= more people mining.

That what we probably will experience soon - after HashNest put on the market S9.

More than 1000 unit are already sold.

Before HN controlled difficulty buy mining in full capacity first 9 days after diff change, and slowing down last 5 days. We had moderate ~3% increase.

Now having on miners hands tens of PHs the control is little bit more tricky.

[Getmon]

Only bad thing that could happen is if someone deploys a few PH/S and difficulty rises out of control. It's not likely, but more people looking at btc =/= more people mining.

That what we probably will experience soon - after HashNest put on the market S9.

More than 1000 unit are already sold.

Before HN controlled difficulty buy mining in full capacity first 9 days after diff change, and slowing down last 5 days. We had moderate ~3% increase.

Now having on miners hands tens of PHs the control is little bit more tricky.

It seems the difficulty will rise 3% or more every 14 days.

[ps_jb]

It seems the difficulty will rise 3% or more every 14 days.

Up to now - yes

But BTC on rally - so it can be disbalance of buy/sell.

[hifzi]

is hasnest fix antminer s9 in shop with btc??
becasue the price isgetting cheaper time after time

[DiCE1904]

is hasnest fix antminer s9 in shop with btc??
becasue the price isgetting cheaper time after time

1.     The price of miner sales is fixed at US Dollar. The CoinDesk BPI price is used to determine a real-time bitcoin price. 

[mastica]

Only the lucky hash looks to have a fixed cost of 2.2btc for a s9, i had joined recently and i were going to purchase s7 hash as i saw it 1/3 the s9 valu, i made a small test with 100ghs and i got profit of 30 satoshis, while s9 had made me a good return, soo my question is do you still believing s7 hash is profitable?

[petahashminer]

Only the lucky hash looks to have a fixed cost of 2.2btc for a s9, i had joined recently and i were going to purchase s7 hash as i saw it 1/3 the s9 valu, i made a small test with 100ghs and i got profit of 30 satoshis, while s9 had made me a good return, soo my question is do you still believing s7 hash is profitable?

if you invest 1 btc to s9 and 1btc to s7 both.

at the end of the day you will see that, s7 gives 2 times more btc than s9.

this is confirmed both practically and theoretically a couple of times by me..

so i convert all my s9 ghs to s7.

[ps_jb]

if you invest 1 btc to s9 and 1btc to s7 both.

at the end of the day you will see that, s7 gives 2 times more btc than s9.

this is confirmed both practically and theoretically a couple of times by me..

so i convert all my s9 ghs to s7.

I remember the same discussion in the beginning of S7 selling - S5 vs S7. And then in a month or two difficulty killed all profit from S5.

It is strongly recommended to invest in the future - not in the current day

[xbtman]

But isn't the s7 maintenance cost more than double of the s9? Can someone show a screenshot of s7 and s9 earnings and maintenance cost?

When I run it through bitcoinwisdom mining calculator, they are both unprofitable over time but the s9 is closer to breaking even.

https://supload.com/rJL7uGurl

[JessicaG]

But isn't the s7 maintenance cost more than double of the s9? Can someone show a screenshot of s7 and s9 earnings and maintenance cost?

When I run it through bitcoinwisdom mining calculator, they are both unprofitable over time but the s9 is closer to breaking even.

No need for screenshots: Yes, the S7's do cost roughly twice the maintenance of S9's. But, currently, you can get roughly thrice the amount of hashes when going for S7's, rather than S9's. Hence, and again currently, purchasing the S7's hashes results in a (far) better pay-off than purchasing S9 hashes.

I do not encourage you to purchase S7 hashes over S9's; nor other way around. Just do you due diligence, and make up what strategy best suits you 

[xbtman]

Thanks, basically you are saying 1THs on S9 is not the same as 1 THs on S7. In terms of doing due diligence thats what I was trying to do with the calculator. If I could get some actual S7 numbers I can figure out if its worth it in the long run. Clearly both will give money, the question is will they generate enough bitcoin to pay for the hashcost.

[ps_jb]

Clearly both will give money, the question is will they generate enough bitcoin to pay for the hashcost.

It looks like you really need to read child subforum here before getting into it

[xbtman]

What do you think is wrong with the statement I made? Which child subforum are you suggesting

Edit: I think I misunderstood what Jessica's was saying. S9 is 2.29 times more expensive in terms of hash cost but only 2.09 times more expensive in terms of maintence. Where does the thrice come in? You can buy more s7 hash but you will pay more in maintenance at least from the numbers that HashNest is giving. Anyone can give any other numbers?