HASHNEST Discussion and Support Thread

[hashnest]

Hello everyone!

Just to answer some of your enquires here.

@PeaMine
We will have LTC mining plans upcoming but we are still sourcing for better performing miners. Very likely it’s Bitmain’s L5; we are all waiting for their release as well. So we cannot be too sure of these mining plans’ release date.

@mercedes321
Currently all orders are on preorders. Especially the U6 because the manufacturer will only dispatch the first batch in early August. That’s why we estimated the credit period to be 90 days.

@DebitMe
Yes, we do! We plan to release it in USDT. However, we cannot promise when as we are all gearing towards brand new web and app experience and tons of other wonderful stuff upcoming so PAMiC have to wait!

//

And everyone who’s concerned about sudden surge of maintenance payout ratio, this is because we ran a discount on electricity fees in May. Now that we are in June, all electricity fee will resume their original prices.

The power consumption is higher than what Bitmain as stated. We always test it at our own mining farms. But rest assured they still fall within the acceptable range of Bitmain specifications.

@PeaMine
We are using PPLNS for all users.

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[mercedes321]

thats nice to have /crypto,....Z11 is also preety high price ...its already 2700 buks,...you plan to restock it, i ask before i put any money into it,..?

o my good, the good old days,...crypto bull like in 2017...

we happy, miners happy,..all happy,..

[PeaMine]

And everyone who’s concerned about sudden surge of maintenance payout ratio, this is because we ran a discount on electricity fees in May. Now that we are in June, all electricity fee will resume their original prices.

The power consumption is higher than what Bitmain as stated. We always test it at our own mining farms. But rest assured they still fall within the acceptable range of Bitmain specifications.

@PeaMine
We are using PPLNS for all users.

Thank you for the replies.
I guess what I am trying to figure out is how the listed 38.5% Ratio for the BTC S15 is calculated on the Stats page, as manually doing the math, I get 32.4% with PPS or PPLNS as today luck was close to 100%
Good profit either way however, I do recommend your service.

[dyask]

And everyone who’s concerned about sudden surge of maintenance payout ratio, this is because we ran a discount on electricity fees in May. Now that we are in June, all electricity fee will resume their original prices.

The power consumption is higher than what Bitmain as stated. We always test it at our own mining farms. But rest assured they still fall within the acceptable range of Bitmain specifications.

@PeaMine
We are using PPLNS for all users.

Thank you for the replies.
I guess what I am trying to figure out is how the listed 38.5% Ratio for the BTC S15 is calculated on the Stats page, as manually doing the math, I get 32.4% with PPS or PPLNS as today luck was close to 100%
Good profit either way however, I do recommend your service.

There are a lot of variables in involved in the computation.  Some big ones are:
1) Reward size ... today we have been often been getting 14 BTC per block
2) Timing of the blocks ... it is easy for an hour or two to be shifted to a day pior or a day later
3) Amount of mining at the pool varies all the time which impacts how much your share is
4) Pool luck, what is 100% anyway as the global hashrate is changing all the time
 
So the percentage computation will change based on assumptions made about block awards, number of blocks in a day, timing of blocks, hashrate at the pools, etc.     It is just a guess and will rarely reflect the exact charge.  Too many variables.

[hashnest]

We will replace USDT with BTC and ZEC as the trade currency at the S17 and Z11 market respectively tonight at 11 PM (UTC+8). The markets will be closed for estimated period of one hour and all trade orders have not be fulfilled will be cancelled automatically. Please put up a new trade order at the market with BTC.

Also, starting today, 4 June 2019, S15-BTC market will observe a 0.5% trade fee. This means both BCH and BTC markets in S15 now has a trade fee of only 0.5%. Only sellers will be charged. Other markets will follow suit, Hashnest will announce the dates in nearing dates.

To learn how to trade your hashrates, please refer to this page: https://support.hashnest.com/hc/en-us/categories/360001473311-Buy-and-Sell-Hashrates

Trade orders already fulfilled will not be affected. Happy trading!

[dyask]

For the S15 the cost of mining is currently 8 blocks a day.   Typically we are getting 175 sats per TH per block.   That is around $0.01375 and divide that in to the $0.11 daily maintain fee gives 8 blocks.

So on the 9th block one is making money.  More than 16 blocks and the maintenance costs are less than 50%.

 

[PeaMine]

Just to give everyone a true honest breakdown of the profits you can have from this.
With 50TH of S15 shares, you would have earned 0.049 BTC in a month, or around a 10% return in May over the entire month.
I would consider this quite nice and better than any cloud mining I currently know of.
I hope Hashnest stays true and honest as they have over all these years as I do enjoy their service.
I am not paid or affiliated with them in any way.

[dyask]

Just to give everyone a true honest breakdown of the profits you can have from this.
With 50TH of S15 shares, you would have earned 0.049 BTC in a month, or around a 10% return in May over the entire month.
I would consider this quite nice and better than any cloud mining I currently know of.
I hope Hashnest stays true and honest as they have over all these years as I do enjoy their service.
I am not paid or affiliated with them in any way.

Let's assume you purchased bought those at the low price on April 30th ... 0.0068 BTC/TH.   The purchase cost was 0.34 BTC.   The highest price so far today 0.0064 BTC, which is a change in value of -0.02 BTC.   So (0.049 - 0.02) / 0.34 is close to 10%.    That checks out.    However there is still (0.291 BTC at risk.)    0.291 BTC / 50 ==> 0.00582 BTC/TH ... better than my S15 purchase price last Saturday.   Congratulations!

[PeaMine]

Just to give everyone a true honest breakdown of the profits you can have from this.
With 50TH of S15 shares, you would have earned 0.049 BTC in a month, or around a 10% return in May over the entire month.
I would consider this quite nice and better than any cloud mining I currently know of.
I hope Hashnest stays true and honest as they have over all these years as I do enjoy their service.
I am not paid or affiliated with them in any way.

Let's assume you purchased bought those at the low price on April 30th ... 0.0068 BTC/TH.   The purchase cost was 0.34 BTC.   The highest price so far today 0.0064 BTC, which is a change in value of -0.02 BTC.   So (0.049 - 0.02) / 0.34 is close to 10%.    That checks out.    However there is still (0.291 BTC at risk.)    0.291 BTC / 50 ==> 0.00582 BTC/TH ... better than my S15 purchase price last Saturday.   Congratulations!

That is true, the depreciation of the miner share value has gone down, though still shows a net positive if I sell out right now at current buy price.

[dyask]

Just to give everyone a true honest breakdown of the profits you can have from this.
With 50TH of S15 shares, you would have earned 0.049 BTC in a month, or around a 10% return in May over the entire month.
I would consider this quite nice and better than any cloud mining I currently know of.
I hope Hashnest stays true and honest as they have over all these years as I do enjoy their service.
I am not paid or affiliated with them in any way.

Let's assume you purchased bought those at the low price on April 30th ... 0.0068 BTC/TH.   The purchase cost was 0.34 BTC.   The highest price so far today 0.0064 BTC, which is a change in value of -0.02 BTC.   So (0.049 - 0.02) / 0.34 is close to 10%.    That checks out.    However there is still (0.291 BTC at risk.)    0.291 BTC / 50 ==> 0.00582 BTC/TH ... better than my S15 purchase price last Saturday.   Congratulations!

That is true, the depreciation of the miner share value has gone down, though still shows a net positive if I sell out right now at current buy price.

Yes currently that is true.   It is also the point, the returns aren't real if one doesn't consider the value of the TH mining it.   Most of the time the value of miners decline.   If we mine faster than the value declines then we potentially make profits.   Profits aren't real until they are in the wallet.   May went well for mining.   So far June hasn't been very good.  Hopefully things will improve soon.

[Icon]

Any reason my Zec balance hasn't moved all day? its showing blocks found/fees but the balance is static..own over 138 ksol/s....

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[freeone]

Any reason my Zec balance hasn't moved all day? its showing blocks found/fees but the balance is static..own over 138 ksol/s....

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I confirm this, seems crediting of blocks has stopped for ZEC.

[hashnest]

@PeaMine Thank you for your support~

Yes things are slowing down a bit for June. But we are only 5 days into June now so it’s hard to say. S17 is one of the most stable mining plans around, because we are mining BTC, which is unlikely to crash, albeit it takes long time to ROI.

As for the ZEC mining blocks, Antpool is having some data delay. Hence we are not receiving any block reward and data. Antpool is fixing this error now once the data are in sync we will put back what’s been missed.

By the way, we are doing a wallet maintenance today for ZEC, so don’t be surprised if you see that function missing. We will resume service tomorrow.

[mercedes321]

when i buy few KSOls, things goes down  

[hashnest]

!!!

S15 will be restocked on Sunday, 9 June 2019 at around UTC+8 12:00 PM.

Price: USD 1388

Hashrates will be credited in 20 days from the date of your purchase. Coupons cannot be used to purchase this batch of S15.

100 units only, fastest fingers first.

Happy mining!

[Kurmi70]

hi
today, mining s15 / bch is suspended for some reason?
thz

[mercedes321]

also BCH deposit doesnt work, strange i wanted to buy machine...guess ill have it to pass it,..wallet address is so strange, its invalid one...the rest working ok.

i am moving partialy to mining,...from margin,...but slowly,..bcs i still see crypto going higher...

[hashnest]

hi
today, mining s15 / bch is suspended for some reason?
thz

We so far haven’t see anything wrong with S15 BCH mining. Are you having some issues? If so, could you please report to https://hashnest.zendesk.com/hc/en-us/requests/new so that we can assist you asap?

[hashnest]

also BCH deposit doesnt work, strange i wanted to buy machine...guess ill have it to pass it,..wallet address is so strange, its invalid one...the rest working ok.

i am moving partialy to mining,...from margin,...but slowly,..bcs i still see crypto going higher...

Hey hey! It must be because we have upgraded our wallet and your other platform is unable to detect ours as valid.

All you need to do is to make your Hashnest wallet address a legacy one to proceed: https://support.hashnest.com/hc/en-us/articles/360029192351-How-to-change-my-BCH-address-to-a-legacy-one-

[jackg]

You could easily derive all three types of addresses if you particularly wanted to. Maybe you should look into doing that instead...