HASHNEST Discussion and Support Thread

[TCW003]

i moved out and open ticket, whats the point of having hash and no mining, and will there be S11, that would be nice.

I have the feeling that Bitmain is going to phase out the cloud mining. I have had that feeling ever since they paid out their last Pacmic contract a year ago. You will probably have to just buy the S11 outright and mine from home if you want to mine. Which is a real pain because many of those machines are quite loud and are not suitable for home.

Yes it's too loud to place them at home. Better choice you can host them in mining farms.
Hashnest is also the best choice in cloud mining platforms.

[1714771469]

1714771469

[coolionn0]

I lost all my btc?? Cost btc - 11 BTC  Hashrate GHs - 245677 , i purchased when was 0.00006 and now is 0.00001 , what can i do? Need to wait or is gone all my btc

[jackg]

I lost all my btc?? Cost btc - 11 BTC  Hashrate GHs - 245677 , i purchased when was 0.00006 and now is 0.00001 , what can i do? Need to wait or is gone all my btc

How much is mining earning prr day?
And it'll go back up when Bitcoins price dies. You realise that when you invest money in something your return is not 100% guaranteed, there's a slim chance you could lose everything but it's very unlikely.

[bones261]

I lost all my btc?? Cost btc - 11 BTC  Hashrate GHs - 245677 , i purchased when was 0.00006 and now is 0.00001 , what can i do? Need to wait or is gone all my btc

Unfortunately, I do not see much chance of you being able to recoup all of your 11 BTC. The price of Bitcoin seems to be trending down and the hashrate and bitcoin difficulty still seems to be trending upward. A couple of your options are to liquidate now and recover your 2.45 BTC, or you can hold and mine all the way to the bitter end. However, I suspect that you will not be able to mine more than 2.45 BTC before it becomes unprofitable. Once the fee exceeds 100% for 10 days, you will be able to redeem the 19 S9 ASICS, if you wish. But I doubt that the used ASICS, which will no longer be profitable, are going to be worth much by then for you to try and sell on E-bay. Also, if you do redeem the ASICS, you will be expected to pay for the shipping and the taxes. It may not be worth your while to redeem.

How much is mining earning prr day?
And it'll go back up when Bitcoins price dies. You realise that when you invest money in something your return is not 100% guaranteed, there's a slim chance you could lose everything but it's very unlikely.

The S9 hash on hashnest is no longer working as a hedge against the falling price of BTC. In the same time frame that BTC went from $8xxx USD to $6xxx USD, the price of S9 hashrate has gone down from ~ 6k sats to approximately 1k sats. The S9 is getting close to being made obsolete. Faster more efficient ASICS are already coming out by the end of the year, if not sooner.


Edit: I apologize that I am being such a Debbie Downer on this. But I made the mistake of holding on too long. I am looking at losing about 1.5 million sats on the S9 hash and about 20 LTC on the L3 hash. Although, if I calculated this based on USD value, I may have fared better. However, clearly it would have been better for me to just HODL the BTC and LTC in this case.
Since hashnest is clearly the best deal when it comes cloud mining, I would recommend to anybody that cloud mining is a bad idea. I believe the people that went into the Pacmic contracts managed to make some gains, although they were kind of small. I also believe that people that initially bought the S9 and L3 when they were new and then sold early also profited. However, at this stage of the game, it appears this is a losing proposition. I also feel strongly that Bitmain will be phasing Hashnest out. I don't see any new opportunities with Hashnest.

[jackg]

Since hashnest is clearly the best deal when it comes cloud mining, I would recommend to anybody that cloud mining is a bad idea. I believe the people that went into the Pacmic contracts managed to make some gains, although they were kind of small. I also believe that people that initially bought the S9 and L3 when they were new and then sold early also profited. However, at this stage of the game, it appears this is a losing proposition. I also feel strongly that Bitmain will be phasing Hashnest out. I don't see any new opportunities with Hashnest.

I managed to put in ~0.8BTC and pull out 1BTC+ when the S7 had the maintenance fell from ~80% to ~40%. I tried to do the same again but didn't trade off my miners fast enough and then waited until today to try to redeem them - bit of bad luck.

I'm hoping the S9s do similar, I did manage to recover 0.08BTC from the market from my original 0.2BTC capital (I honestly have no idea how I did that though).

[mercedes321]

price now are very reasonable, i mean for 800euros you can get 1 S9, and it mine you 2 usd per day, but is the income coming or not,...?i doub they will make S9 absolute, if BTC recoveres, the S9 might recover along it, and when the S11 if will be availble also the S7 was on their market for quite some time still, but if they dont put the S11 , which i think they might not do, then their cloud mining is coming to a difficult period. also the L3 can still go down, and the S9, this so crazy...

[jackg]

price now are very reasonable, i mean for 800euros you can get 1 S9, and it mine you 2 usd per day, but is the income coming or not,...?i doub they will make S9 absolute, if BTC recoveres, the S9 might recover along it, and when the S11 if will be availble also the S7 was on their market for quite some time still, but if they dont put the S11 , which i think they might not do, then their cloud mining is coming to a difficult period. also the L3 can still go down, and the S9, this so crazy...

Is there any information on the S11/S10 model yet? The poewr efficiency, will it use new chips to improve efficiency or just have a different board that makes it more efficient.

[mercedes321]

79.5th, 1.400w, it was non public sale, but if they put in the hashnest i would buy 1  for sure even if it is 30% more expensive...

[jackg]

79.5th, 1.400w, it was non public sale, but if they put in the hashnest i would buy 1  for sure even if it is 30% more expensive...

I'd buy one too. I'm guessing it'd be about $3k-4k like when the s7 was released? How much did it sell for?

Who was it sold to, did they get it custom made from them and buy in bulk?

0.0283J/GH is quite impressive.

[mercedes321]

2.6K usd was the offer aprox 11K they will dispatch till agust the end,...so yeah 3.5K would be kinda good price for a start...but i have a feeling they launched the ICO, so this is their new cloud mining thing,...a new coin, by them, like bnb for binance,...cant blame them

[mercedes321]

but it might be a phising attack, today i received an e-mail from bitman that the phising attack is being made, and its true they called me claiming they are bitman, and they send me mail about the S11,...so i guess  it is not yet true,...on Bitman shop only they claim bitman,...so its a phishing attack...sounded to good to be true anway, so much GHS for same power, doesnt make sence.

[jackg]

but it might be a phising attack, today i received an e-mail from bitman that the phising attack is being made, and its true they called me claiming they are bitman, and they send me mail about the S11,...so i guess  it is not yet true,...on Bitman shop only they claim bitman,...so its a phishing attack...sounded to good to be true anway, so much GHS for same power, doesnt make sence.

Yes I got that email.

Their also called Bitmain, not bitman (just in case you're checking for phishing as it's usually that 'i's they would attack as they'd go less noticed).

Their official email is webmaster@bitmaintech.com so this is the only reliable source of information. There are other sources though depending on whether the other users have got an email from a pharming attempt or an actual separate service claiming they had some.

2.6K usd was the offer aprox 11K they will dispatch till agust the end,...so yeah 3.5K would be kinda good price for a start...but i have a feeling they launched the ICO, so this is their new cloud mining thing,...a new coin, by them, like bnb for binance,...cant blame them

This looks really fishy.
Up until about a month or two ago they were limiting everyone to only ten or so miners per sale/account. Now, why would they want to sell 11000 to a random company at that mcuh of a discount on them.

The second bit about an ICO makes sense since they failed to get full control over Bitcoin Cash for very long (especially since ViaBTC mined the first block).

[PeaMine]

Any idea on when the next generation will be available on Hashnest?
Would be awesome if they released the 7nm or more Algo miners on there.
Don't see how they could lose on that deal, and it's a fun way to mine with such a liquid setup.

[mercedes321]

yeah that would be nice, but who knows what they will do, they got now ico, so they could attached the profits to ico.

[jackg]

Any idea on when the next generation will be available on Hashnest?
Would be awesome if they released the 7nm or more Algo miners on there.
Don't see how they could lose on that deal, and it's a fun way to mine with such a liquid setup.

I can think there'll probably be a catch with the next one. They seemed to have given up on hashnest until recently, unless it's just me thinking that they've given up because nothing was really needed for a while as their site seems to be running fairly smoothly again.

The catch I'm thinking of is probably making the miners to be sold for like double the price that you could usually buy them for or something. Though it is quite a good way to mine and does usually bring in quite a good profit to get a miner straight from the shop as new (I don't think there's been a miner yet where someone hasn't ROI'd from doing that).

They also usually only like to support three currencies on their site, maybe they'll start doing a thing of offering a hash of each for a certain price and then convert it to Bitcoin. By the three currencies I mean they started off with BTC, LTC and DOGE and now they're limiting it to BTC, LTC and BCC.

[TCW003]

woo..the maintenance fee/payout ratio is up to 70% now..

[mercedes321]

LTC is a little beter, kinda tempting the 70s,...lol

[PeaMine]

Wonder why they don't add some of their other algo miners to the mix.
The L3 sold out on hashnest in hours when first released, and had a 2% maintenance fee and insane returns.
The trading and maintenance fees now probably earns Bitmain more than the miners themselves.

[mercedes321]

yeah the first month i mined 3LTC per day, that was the crazinest period of time, i wll never forget,..

[coin_1122]

Wonder why they don't add some of their other algo miners to the mix.
The L3 sold out on hashnest in hours when first released, and had a 2% maintenance fee and insane returns.
The trading and maintenance fees now probably earns Bitmain more than the miners themselves.

I just want to clarify something whether they are paying to the members or not? I hear previously they are charging high amount for withdrawals and the answers from them is maintenance fee? Still, they are paying to their community on time?