HASHNEST Discussion and Support Thread

[Rogerdale]

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.

Why does it concern you? IMHO you need to worry only about total network hashpower (and therefore Bitcoin difficulty).

[ps_jb]

Why does it concern you? IMHO you need to worry only about total network hashpower (and therefore Bitcoin difficulty).

Because he/she does not understand how pay system at Hash works

[pumawolf]

hashnest,  can u guys make  2fa   login optional,  u guys tried it but it had problems, people with sms didnt get the code.  be nice if we had a option . dont want people fucking with our accounts, dumping and pumping with our act.

[xbtman]

With Hashnest you can recover your investments at any time - just sell your hashpower and get away with mining profit!

I see2, wait i think that it is a good idea however if we are going to wait the market price of the power also lowers down so i guess we still can't get the profit that we desire?

I don't know, but S9 price hit the record today, although the increasing difficulty shifted maintenance to 35-40% instead of 25-30% a month ago. 12.5 THs would cost 2 BTC on the market which is 12% higher than the price of the new devices sold by Hashnest (currently out of stock though), although 10 days ago when the devices were in stock, the market and stock prices were equal. But if the devices appear in stock unexpectedly, the price will fall 10% and people who buy the hashpower now on the market will lose 10% of their equity. And 10% is a month of mining, by the way.

Nice call, hash rate is above the price of buying an s9, but its dropped quite a bit. So it seems like now is a good time to buy and then when the stock runs out sell the hash rate?

[Rogerdale]

Nice call, hash rate is above the price of buying an s9, but its dropped quite a bit. So it seems like now is a good time to buy and then when the stock runs out sell the hash rate?

I did the following calculations if the price remains steady and difficulty rises:



According to this, it is not profitable on its own, but you never know... maybe you will be able to sell your hashpower at one point and get away with profit... maybe Hashnest lowers their maintenance fees again... maybe Bitcoin price surges...

[Rogerdale]

This information is two weeks old, but quite interesting: http://www.razor-forex.com/2017/01/venezuelan-police-bust-bitcoin-mining.html

Police in Venezuela busts several mining farms exploiting low (subsidized) electricity costs. If they really keep fighting with their miners, it will affect total hashrate and probably even decrease difficulty.

[tbonetony]

This information is two weeks old, but quite interesting: http://www.razor-forex.com/2017/01/venezuelan-police-bust-bitcoin-mining.html

Police in Venezuela busts several mining farms exploiting low (subsidized) electricity costs. If they really keep fighting with their miners, it will affect total hashrate and probably even decrease difficulty.

Your expectation is overly optimistic. Venezuela has too little weight to move the needle in comparison to the rest of the world, especially Asia.

[DebitMe]

This information is two weeks old, but quite interesting: http://www.razor-forex.com/2017/01/venezuelan-police-bust-bitcoin-mining.html

Police in Venezuela busts several mining farms exploiting low (subsidized) electricity costs. If they really keep fighting with their miners, it will affect total hashrate and probably even decrease difficulty.

Your expectation is overly optimistic. Venezuela has too little weight to move the needle in comparison to the rest of the world, especially Asia.

That has been going on for a while, its not smart to use the government subsidized electricity to mine.  But yes, they don't have much overall hashrate there, and any closure by the government will provide a very small change to the overall hashrate.

[Rogerdale]

That has been going on for a while, its not smart to use the government subsidized electricity to mine.  But yes, they don't have much overall hashrate there, and any closure by the government will provide a very small change to the overall hashrate.

But how can I estimate their hashrate? Are there any numbers in public access? Technically it is possible to filter miners by IP.

[DebitMe]

That has been going on for a while, its not smart to use the government subsidized electricity to mine.  But yes, they don't have much overall hashrate there, and any closure by the government will provide a very small change to the overall hashrate.

But how can I estimate their hashrate? Are there any numbers in public access? Technically it is possible to filter miners by IP.

Nope.  could be using a pool or a proxy and you would never know where the hashrate was coming from in the world.

[ps_jb]

its not smart to use the government subsidized electricity to mine. 

Why so?

[Getmon]

its not smart to use the government subsidized electricity to mine. 

Why so?

It costs less.

[Vaccinus]

hey guys beaware for hackers that want to hack your account, i'm receiving a log in attempt to make account and it's not authorized by me, the ip is from russia country, i see also that when i try to access to hashnest the page become red with google chrome, are they attacking it with malware or what? i feel they need to make this more secure, because it's not the first time this is happening to me

[Rogerdale]

hey guys beaware for hackers that want to hack your account, i'm receiving a log in attempt to make account and it's not authorized by me, the ip is from russia country, i see also that when i try to access to hashnest the page become red with google chrome, are they attacking it with malware or what? i feel they need to make this more secure, because it's not the first tiem this is happening to me

What does this red page look like? Does chrome say that the connection is not secure? It should be green here (and it is green for me):



If it is red, then your computer (or your internet provider which is much less likely) is under attack, check C:\Windows\System32\drivers\etc\hosts file (for any entries, by default there should not be any entries except localhost).

Do not attempt to log in from your computer if it is red, find another machine (make sure that the connection is green, i.e. secure, log in and change your password). Or if you have an android phone, download an app and change it from there.

[jhenfelipe]

hey guys beaware for hackers that want to hack your account, i'm receiving a log in attempt to make account and it's not authorized by me, the ip is from russia country, i see also that when i try to access to hashnest the page become red with google chrome, are they attacking it with malware or what? i feel they need to make this more secure, because it's not the first tiem this is happening to me

Thank you for sharing. Can you please provide some screenshot for us to see how it looks like? Personally, I never experience that scenario. It's always been secure in my end and I'm not receiving any log in attempt email. Since you've mentioned that it's not your first time to encounter this, I think you need to do some check or changes in your PC or Chrome, maybe the problem is just in your end. Try browsing hashnest site in different browser (IE. Mozilla Firefox) and check if the problem still occur, if it's fine, maybe your Chrome was the only one infected, while if the same, you need to scan your PC.

[hashnest]

hey guys beaware for hackers that want to hack your account, i'm receiving a log in attempt to make account and it's not authorized by me, the ip is from russia country, i see also that when i try to access to hashnest the page become red with google chrome, are they attacking it with malware or what? i feel they need to make this more secure, because it's not the first tiem this is happening to me

Please never apply same passwords on different sites.
Always keep 2FA enabled on Hashnest.

[bones261]

You know, I spent 200k sat for a withdrawal fee and hashnest only applied 4502 sats in fee to the transaction which includes someone else's output too. Screw hashnest! Now I get to wait many hours, probably days, while my transaction languishes in the mempool!! Not pleased at all.

[Rogerdale]

You know, I spent 200k sat for a withdrawal fee and hashnest only applied 4502 sats in fee to the transaction which includes someone else's output too. Screw hashnest! Now I get to wait many hours, probably days, while my transaction languishes in the mempool!! Not pleased at all.

It was 20k satoshi, hovewer indeed real transaction fee was 4.5k satoshi (which is exactly 20k satoshi per kilobyte - not that bad though). I'm wondering why it happens, it's not good because it looks like we give up 15.5k satoshi to hashnest in this case.

[bones261]

You know, I spent 200k sat for a withdrawal fee and hashnest only applied 4502 sats in fee to the transaction which includes someone else's output too. Screw hashnest! Now I get to wait many hours, probably days, while my transaction languishes in the mempool!! Not pleased at all.

It was 20k satoshi, hovewer indeed real transaction fee was 4.5k satoshi (which is exactly 20k satoshi per kilobyte - not that bad though). I'm wondering why it happens, it's not good because it looks like we give up 15.5k satoshi to hashnest in this case.

Yes, I was wrong. I was only charged 20K sats. However, my transaction is still unconfirmed. 20K sat per kilobyte isn't going to cut it right now.

[tbonetony]

You know, I spent 200k sat for a withdrawal fee and hashnest only applied 4502 sats in fee to the transaction which includes someone else's output too. Screw hashnest! Now I get to wait many hours, probably days, while my transaction languishes in the mempool!! Not pleased at all.

It was 20k satoshi, hovewer indeed real transaction fee was 4.5k satoshi (which is exactly 20k satoshi per kilobyte - not that bad though). I'm wondering why it happens, it's not good because it looks like we give up 15.5k satoshi to hashnest in this case.

Yes, I was wrong. I was only charged 20K sats. However, my transaction is still unconfirmed. 20K sat per kilobyte isn't going to cut it right now.

Try submit your Tx to pools that offer transaction accelerator. It should help as long as you are paying more than 0.0001/kB