HASHNEST Discussion and Support Thread

[jonnybravo0311]

More than 200TH/s has been subscribed for only one hour 

Congratulations.  Over 270BTC an hour isn't a bad payday

[lechatnieger]

If i buy UMISOO/BTC at price 0.00135 per btc, am i able to trade gigahash as on CEX.IO?

for now i cannot see the market umisoo/ghash, in mining rig sell area.i Know that umisoo/btc, is not a mining rig.
will there be a market to trade gigahash for this kind of purchase? ,

Thank's in advance.

[001sonkit]

If i buy UMISOO/BTC at price 0.00135 per btc, am i able to trade gigahash as on CEX.IO?

for now i cannot see the market umisoo/ghash, in mining rig sell area.i Know that umisoo/btc, is not a mining rig.
will there be a market to trade gigahash for this kind of purchase? ,

Thank's in advance.

Until they sold all of them is what they say. Never is what i (and you) should assume, market is saturated after a short period of time and given this reaction on market.... no chance that they will sell all at this price.

As mentioned previously by me, absolutely a bad choice if you were to buy without confirming that you can sell.

[SectorZero]

Hi man!
How i can sell my UMISOO hashrate? 

[GenTarkin]

So, the maint fee Im confused about. Is it pegged to USD price of btc, or is it a flat rate set in btc and they are just showing it in $ for convienience. IE: what happens if price of btc plummets, will maint fee (in btc) skyrocket?! Or will the fee in btc remain the same?

[cloverme]

Hmmm break even on hashnest with maintenance and avg. difficulty is about 60-65 days, not terrible but not epic either  

(Looking forward to the Antminer L1)

[GenTarkin]

Hmmm break even on hashnest with maintenance and avg. difficulty is about 60-65 days, not terrible but not epic either  

(Looking forward to the Antminer L1)

What is L1?

[windpath]

Hmmm break even on hashnest with maintenance and avg. difficulty is about 60-65 days, not terrible but not epic either  

(Looking forward to the Antminer L1)

What is L1?

https://bitcointalk.org/index.php?topic=763314.0

[cloverme]

More than 200TH/s has been subscribed for only one hour 

Congratulations.  Over 270BTC an hour isn't a bad payday

I must be missing something... 200TH = ~5BTC a day, 4,000,000 GH/s is ~100BTC a day... ?

[GenTarkin]

Im gonna guess that we cant point this hashrate anywhere we like, to try and get over 100% pps?
Also, any comment on my maint fee question above anyone?

[ChuckBuck]

So is it confirmed that you can't trade like CEX.io, I'm still not clear?

You own the hash you purchase until the power costs exceed the miner earnings.  Then what happens? You just lose the hash, or can you trade it in for more, or cash out your hash?

Didn't see the answer to this part anywhere yet.

[SectorZero]

So is it confirmed that you can't trade like CEX.io, I'm still not clear?

You own the hash you purchase until the power costs exceed the miner earnings.  Then what happens? You just lose the hash, or can you trade it in for more, or cash out your hash?

Didn't see the answer to this part anywhere yet.

i bought same ghashes and i cant sell it anymore  
fuck these shit

[buy4crypto]

So is it confirmed that you can't trade like CEX.io, I'm still not clear?

You own the hash you purchase until the power costs exceed the miner earnings.  Then what happens? You just lose the hash, or can you trade it in for more, or cash out your hash?

Didn't see the answer to this part anywhere yet.

i bought same ghashes and i cant sell it anymore  
fuck these shit

Does anyone bother to look anymore?

Go to the "Service" tab

https://www.hashnest.com/wikis/29


How much is the trading fee?
There is no trading fees both for selling and ordering.

[jonnybravo0311]

More than 200TH/s has been subscribed for only one hour 

Congratulations.  Over 270BTC an hour isn't a bad payday

I must be missing something... 200TH = ~5BTC a day, 4,000,000 GH/s is ~100BTC a day... ?

1.35BTC * 200.

As of right now, they have 3686313 GH/s remaining of the original 4000000 they had up for sale.  They've sold 313687 GH/s in just about 4 hours.  313687 * 0.00135BTC per GH/s is 423.47745BTC.  So it's slowing down a bit, but still pretty impressive.

[001sonkit]

Again, for all else than UMISOO, they are tradable. UMISOO will be tradable after they sold all of them (unless they change rules since y'all are complaining)

Now look at BITMAIN's support laughing on you guys.

You've been told to be caution for the inability to resell (unless they sold or change terms), and what's shit or not.

[cloverme]

As of right now, they have 3686313 GH/s remaining of the original 4000000 they had up for sale.  They've sold 313687 GH/s in just about 4 hours.  313687 * 0.00135BTC per GH/s is 423.47745BTC.  So it's slowing down a bit, but still pretty impressive.

Oh ahahha got it.. sorry, read before coffee

[DebitMe]

The days of buying a cryptocurrency asset and immediately have it starting to trade for 2-3x its IPO value is gone.  Why would you already need trading open on this unless your goal was to make a quick buck, then good riddance for not doing proper research beforehand.

That being said, there does need some clarification from Bitmain on some key points brought up here.

[GenTarkin]

"UMISOO will stop mining if the earning are equal to the electricity + maintenance fee. The miner will then be kept for 10 days. UMISOO will process the miner if the earning is still less-than or equal to the electricity + maintenance fee. The residual value belongs to UMISOO."

WTF does this mean?
Best I can figure is ur SOL if btc plummets in price and all the sudden the miner doesnt mine above the line. After 10 days they just stop mining all together and ur just fucked? I dont know...

Some miners actually would keep mining below the line to get BTC and hoard.... I dont think its right they just terminate ur hashrate.

[001sonkit]

"UMISOO will stop mining if the earning are equal to the electricity + maintenance fee. The miner will then be kept for 10 days. UMISOO will process the miner if the earning is still less-than or equal to the electricity + maintenance fee. The residual value belongs to UMISOO."

WTF does this mean?
Best I can figure is ur SOL if btc plummets in price and all the sudden the miner doesnt mine above the line. After 10 days they just stop mining all together and ur just fucked? I dont know...

Some miners actually would keep mining below the line to get BTC and hoard.... I dont think its right they just terminate ur hashrate.

Reason 1: 50% of the most important info are in Chinese (QQ Groups or chinese version website, english translation are lossy like JPEG30)
Reason 2: This situation here is a lot better already compared to those buying like 2T in the QQ group even they are all native.  

Your question, please refer to my old post: https://bitcointalk.org/index.php?topic=765128.msg8626382#msg8626382

EDIT: Told the representative about this crappy translation in QQ, not edited.

[SectorZero]

Why i have no statisic information in "Earnings/GHS"?
How we can see more statistics - accepted/rejected shares, blocks which was finded by hashnet?