HASHNEST Discussion and Support Thread

[ps_jb]

I'm wondering why S7s still cost something at the market. People either don't bother doing math or want to get physical devices...

Below is the maintenance to payout ratio according to my Android app (can't find how to get these numbers via web site):

23.01 - 114.4% (may not be fully accurate because I sold 99% of my S7 hashpower this day)
24.01 - 67.74%
25.01 - 88.43%
26.01 - 84.72%
27.01 - 69.94%
28.01 - 110.09%
29.01 - 105.37%
30.01 - 59.44%
31.01 - 108.51%

Average value is 89.85%. I'm not sure when then they will go into redemption period, but that must be very close...

Because people do not use it as a mining hashes - only to buy/sell (cheaper analogue of poloniex)

[harizen]

I received a total 653 email messages regarding "Remote Login Reminder" which states my activity which is really not my own operation.

Some of the locations are:

Japan; Kanagawa; Yokohama
Thailand; Krung Thep Maha Nakhon; Bangkok
Korea, Republic of; Daegu; Taegu
Japan; Tokyo; Tokyo

Do you think this a fraud attempt and the person involved are using VPN? What does this mean? Is Hashnest now a target?

[iefken]

I received a total 653 email messages regarding "Remote Login Reminder" which states my activity which is really not my own operation.

Some of the locations are:

Japan; Kanagawa; Yokohama
Thailand; Krung Thep Maha Nakhon; Bangkok
Korea, Republic of; Daegu; Taegu
Japan; Tokyo; Tokyo

Do you think this a fraud attempt and the person involved are using VPN? What does this mean? Is Hashnest now a target?

I would guess they (the attempting person(s) ) have your email address and attempted 653 times to access your account :p perhaps make a note of that to hashnest

[naidray]

S7 latest market price....   .00005105/ghs

S7 shop price...   .00008319/ghs (1 S7 unit .40431btc/4860ghs)

am i missing something or is the market price for S7 ghs
.000032/ghs cheaper than shop price?

 cant be bothered to math it out but that's a significant percentage diff.  whats up with that?

Yes you are right, probably just a bunch of people that bought it at the beginning and now want to get rid of them... Anyone with a better answer can correct me :p

Easy reason? Second hand product? If it was the same price or higher why would people buy from market rather than first option? I mean I would buy from the main source if I can anytime. They make it cheaper so that people would buy it.

Lets assume there is this car dealership, you go there and see a brand new car and the owner, he says he just bought this car but can sell it to you for the same price , would you buy from the guy or the car dealership? That is why the second hand hashes are less worthy and cheaper.

[xbtman]

S7 latest market price....   .00005105/ghs

S7 shop price...   .00008319/ghs (1 S7 unit .40431btc/4860ghs)

am i missing something or is the market price for S7 ghs
.000032/ghs cheaper than shop price?

 cant be bothered to math it out but that's a significant percentage diff.  whats up with that?

Yes you are right, probably just a bunch of people that bought it at the beginning and now want to get rid of them... Anyone with a better answer can correct me :p

Easy reason? Second hand product? If it was the same price or higher why would people buy from market rather than first option? I mean I would buy from the main source if I can anytime. They make it cheaper so that people would buy it.

Lets assume there is this car dealership, you go there and see a brand new car and the owner, he says he just bought this car but can sell it to you for the same price , would you buy from the guy or the car dealership? That is why the second hand hashes are less worthy and cheaper.

Cars depreciate because of wear and tear, warranty runs out etc. I don't see any real difference between buying hash at the datacenter vs buying my own miner. Can you show me how 1Ths/ of new is different vs. what I buy on the market?

[dhampir-D]

Is anyone getting satisfactory results with this service? I was thinking about investing, but it seems like most cloud mining investors go through bad experiences. It seems that hashnest is the least problematic, but this increase in the difficulty of mining is something to worry about.

[ps_jb]

Is anyone getting satisfactory results with this service? I was thinking about investing, but it seems like most cloud mining investors go through bad experiences. It seems that hashnest is the least problematic, but this increase in the difficulty of mining is something to worry about.

Yes - difficulty is increasing so it is better do not invest in mining

[tbonetony]

Has anyone had previous redemption experience? how were the conditions of the S5's?

I am contemplating on buying S7 hashes mostly for redemption. Would like to hear your opinions. Thanks.

[Rogerdale]

Has anyone had previous redemption experience? how were the conditions of the S5's?

I am contemplating on buying S7 hashes mostly for redemption. Would like to hear your opinions. Thanks.

What are you going to do with them? Better just buy S9 as physical devices - it will be cheaper than buying hashrate and they are still profitable.

[tbonetony]

The purpose of my purchase would only be for profit

I know their S9's are profitable and I actually hold some but it's not profitable enough for me. Cloud mining is just for fun for me. my physical possessions of rigs outweighs my cloud investment by magnitudes.

Has anyone had previous redemption experience? how were the conditions of the S5's?

I am contemplating on buying S7 hashes mostly for redemption. Would like to hear your opinions. Thanks.

What are you going to do with them? Better just buy S9 as physical devices - it will be cheaper than buying hashrate and they are still profitable.

[Rogerdale]

The purpose of my purchase would only be for profit

I know their S9's are profitable and I actually hold some but it's not profitable enough for me. Cloud mining is just for fun for me. my physical possessions of rigs outweighs my cloud investment by magnitudes.

If the don't pay out because of high electricity costs in cloud, why do you think that they will pay out for you? Do you have access to free or very-very cheap electricity?

[tbonetony]

The purpose of my purchase would only be for profit

I know their S9's are profitable and I actually hold some but it's not profitable enough for me. Cloud mining is just for fun for me. my physical possessions of rigs outweighs my cloud investment by magnitudes.

If the don't pay out because of high electricity costs in cloud, why do you think that they will pay out for you? Do you have access to free or very-very cheap electricity?

I hope their S7 would go into redemption soon. That's why I want to know if anyone here has experience in receiving redeemed S5's.

[ps_jb]

I hope their S7 would go into redemption soon. That's why I want to know if anyone here has experience in receiving redeemed S5's.

It was a couple of posts back to the time of S5 redemption. All noticed the TERRIBLE conditions of miners, with a piles of dust and dirt

[hashnest]

The purpose of my purchase would only be for profit

I know their S9's are profitable and I actually hold some but it's not profitable enough for me. Cloud mining is just for fun for me. my physical possessions of rigs outweighs my cloud investment by magnitudes.

If the don't pay out because of high electricity costs in cloud, why do you think that they will pay out for you? Do you have access to free or very-very cheap electricity?

I hope their S7 would go into redemption soon. That's why I want to know if anyone here has experience in receiving redeemed S5's.

The redemption period will be announced when the maintenance fee/payout ratio goes to 100%.
For the redemption miners will be the used machines but the factory will at least test them to make sure they are running before delivery to users.
Hope you understand those miners would not be completely new ones.

[tbonetony]

I hope their S7 would go into redemption soon. That's why I want to know if anyone here has experience in receiving redeemed S5's.

It was a couple of posts back to the time of S5 redemption. All noticed the TERRIBLE conditions of miners, with a piles of dust and dirt

Thanks for the reference.

The redemption period will be announced when the maintenance fee/payout ratio goes to 100%.
For the redemption miners will be the used machines but the factory will at least test them to make sure they are running before delivery to users.
Hope you understand those miners would not be completely new ones.

Thank you for the information.

[darklus123]

I recenfly received an email with regards to hasnest lowering their fees i gues that it is a good sign  tho the level of difficulty is also inceasing tsk

[tbonetony]

Thanks for reducing the maintenance fee. Good job Hashnest!

However, I do have a little concern still. If you can address it, that will be great.

I noticed your BTC.com pool has reached 125PH that's more than 20% of what Antpool has. Is this self-competing? My concern is all our cloud miners' earnings are directly dependent on the outcomes of Antpool. If BTC.com on the other hand is competing against Antpool, we would suffer. Or put it the other way, we would lose blocks that were supposed to be mined by Antpool/Bitmain as an entirety.

How much hashpower is owned by Bitmain in BTC.com pool?

Thanks.

[bones261]

Thanks for reducing the maintenance fee. Good job Hashnest!

However, I do have a little concern still. If you can address it, that will be great.

I noticed your BTC.com pool has reached 125PH that's more than 20% of what Antpool has. Is this self-competing? My concern is all our cloud miners' earnings are directly dependent on the outcomes of Antpool. If BTC.com on the other hand is competing against Antpool, we would suffer. Or put it the other way, we would lose blocks that were supposed to be mined by Antpool/Bitmain as an entirety.

How much hashpower is owned by Bitmain in BTC.com pool?

Thanks.

Hashnest does not get credited for blocks found by BTC.com. Block 452152 was found by BTC.com and I do not see any credit to my Hashnest account for finding that block.

[tbonetony]

Thanks for reducing the maintenance fee. Good job Hashnest!

However, I do have a little concern still. If you can address it, that will be great.

I noticed your BTC.com pool has reached 125PH that's more than 20% of what Antpool has. Is this self-competing? My concern is all our cloud miners' earnings are directly dependent on the outcomes of Antpool. If BTC.com on the other hand is competing against Antpool, we would suffer. Or put it the other way, we would lose blocks that were supposed to be mined by Antpool/Bitmain as an entirety.

How much hashpower is owned by Bitmain in BTC.com pool?

Thanks.

Hashnest does not get credited for blocks found by BTC.com. Block 452152 was found by BTC.com and I do not see any credit to my Hashnest account for finding that block.

That is exactly my concern and I want to make as many hashnest users aware of this as possible. If we have enough voice, they should at least have an explanation.

[hashnest]

Thanks for reducing the maintenance fee. Good job Hashnest!

However, I do have a little concern still. If you can address it, that will be great.

I noticed your BTC.com pool has reached 125PH that's more than 20% of what Antpool has. Is this self-competing? My concern is all our cloud miners' earnings are directly dependent on the outcomes of Antpool. If BTC.com on the other hand is competing against Antpool, we would suffer. Or put it the other way, we would lose blocks that were supposed to be mined by Antpool/Bitmain as an entirety.

How much hashpower is owned by Bitmain in BTC.com pool?

Thanks.

BTC.COM doesn't have any hashpower owned bitmain.