HASHNEST Discussion and Support Thread

[ajw7989]

"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 UMISOO market will close."

Could someone explain to me what happens if this occurs, and mining becomes unprofitable?

Also, UMISOO is currently built on AntMiner S2 miners.
Is there a chance that it will be upgraded to S3 or S4 miners in the future, once S2 becomes unprofitable?

I doubt they will be upgraded to S3s since the watts per hour is not that much of a difference compared to say the S1 and S2. The unprofitability will be one maybe 2 difficulties between the S2 and S3 so there is no point in migrating for such a short time since it probably is a lot of work.

[Und3rd0g]

What can be done about this???  Support via your site has been unresponsive.  Please help!

Please PM us your user ID on hashnest.com, we will look into it.

Thanks.  PM sent.

Things were fixed.  Thank you for your prompt assistance.

[rayhan]

hey hey
i cant see ants 1
so how about my ants 1 ?

[hashnest.com]

As the earning of AntMiner S1 on HASHNEST is nearly equals to the Electricity + Maintenance fee, there are 2 solutions for discussion:

1. HASHNEST will process the AntMiner S1, and the residual value will transfer to BTC, then, equally share to every S1 users.

2. Transfer the hash rate of the AntMiner S1 to UMISOO under the ratio of 2:1, and the residual value belongs to UMISOO.

Notice:

Hashnest.com/hash.vc has transferred S1's hashing power to Umisoo's per the ratio of 2 (S1 hashrate):1(Umisoo hashrate). And closed S1 hash trading market on Oct. 3rd.

Happy Hashing 

[nmahmad]

I would like my free 1 GHz hash let

[defcon23]

66.71% earnings/fees    WTF      (and that's start at 37.4 %) so what happend on umissoo paid ghs customers on the next difficulty ??

EDIT:   just jumped to 67.49% ...... damned..

[SectorZero]

66.71% earnings/fees    WTF      (and that's start at 37.4 %) so what happend on umissoo paid ghs customers on the next difficulty ??

we are going to collapse 

[aasl]

66.71% earnings/fees    WTF      (and that's start at 37.4 %) so what happend on umissoo paid ghs customers on the next difficulty ??

EDIT:   just jumped to 67.49% ...... damned..

because hashnest use fiat to calculate fees. now the price of BTC keeps falling....

keep the fingers crossed that the fee is not 100%, or else the mining contract is terminated...

[defcon23]

66.71% earnings/fees    WTF      (and that's start at 37.4 %) so what happend on umissoo paid ghs customers on the next difficulty ??

EDIT:   just jumped to 67.49% ...... damned..

because hashnest use fiat to calculate fees. now the price of BTC keeps falling....

keep the fingers crossed that the fee is not 100%, or else the mining contract is terminated...

i bought 5th to this cloud  just cause i trust Bitmain ..  i  really hope  dont make a mistake.. but that's not smell very good..  ::

[defcon23]

ARGHHHHH  !!    ------------> 71.78% 

[pacopaco]

When does it hit 100%, at $200 btc or $250 btc?

[DARKANGEL6415]

ON the positive side if bitcoin goes to like $600 or $700 then the maint fees should only be like %15 or less and imagine if it went back to $1200 the it would be like 1% fee " sarcasm " i really dont know what it would be but i know it wont be no 70% 

[kanes]

i need some help, in my status i see this:
Your workers   5m   15m   1h   1d   Unassigned Earnings
UMISOO   665.8908   667.5479   666.9017   654.8766   0.01555597

Unassigned Earning - 0.0155 but when i see what i receive a day is 0.0094. How is this possible?

cause 60.8% fees     indeed...

nop is not that. Because in that value 0.0094 they applie the 60% or 73%(Today), so i only receive 0.004 or something. Hashnest can you please explain?

thanks

[DARKANGEL6415]

so i am going to ask a question in general since i mostly post on these forums. I would like to know everyone opinion " with out the troll or negative unfounded answers " what do you all think is going on with bitcoin. Seems like it has been dropping like crazy i mean we not near any holidays or anything like that so what do you all think. Once again please no troll answers or people mad who bought btc at like $600  and now it has dropped.

thanks 

[buy4crypto]

so i am going to ask a question in general since i mostly post on these forums. I would like to know everyone opinion " with out the troll or negative unfounded answers " what do you all think is going on with bitcoin. Seems like it has been dropping like crazy i mean we not near any holidays or anything like that so what do you all think. Once again please no troll answers or people mad who bought btc at like $600  and now it has dropped.

thanks  

Companies like bitmain and other cloud hashing companies that sell btc to pay energy are a big reason the price will continue down. Until some go out of business, or get more efficient, that 70% fee is our btc being sold into the market at whatever price they get. The % we get will continue to decline until some of these cloud hasing companies go out of business I fear.

The antminers have become significantly less profitable in the past few days alone. The less profitable the UMISOO is, the more it makes the problem with the bitcoin price decline worse. Every time we lose a %, that is 1% more being converted you CNY to pay electric.

Either a huge new set of buyers has to come in and sustain buying, or the price will drop significantly from here until it weeds out higher power cost miners to incentivize people to buy bitcoins again over mining them.

[DARKANGEL6415]

so i am going to ask a question in general since i mostly post on these forums. I would like to know everyone opinion " with out the troll or negative unfounded answers " what do you all think is going on with bitcoin. Seems like it has been dropping like crazy i mean we not near any holidays or anything like that so what do you all think. Once again please no troll answers or people mad who bought btc at like $600  and now it has dropped.

thanks  

Companies like bitmain and other cloud hashing companies that sell btc to pay energy are a big reason the price will continue down. Until some go out of business, or get more efficient, that 70% fee is our btc being sold into the market at whatever price they get. The % we get will continue to decline until some of these cloud hasing companies go out of business I fear.

The antminers have become significantly less profitable in the past few days alone. The less profitable the UMISOO is, the more it makes the problem with the bitcoin price decline worse. Every time we lose a %, that is 1% more being converted you CNY to pay electric.

Either a huge new set of buyers has to come in and sustain buying, or the price will drop significantly from here until it weeds out higher power cost miners to incentivize people to buy bitcoins again over mining them.

makes sense maybe this cloud companies need to learn the finer points of setting sell orders above the buy price. I wonder if it becomes to unprofitable what difficulty will drop to as i am sure wont continue to grow or if it does will be slower pace. I think after you explained it the cycle will go down till people come out of bitcoin mining letting difficulty then drop, then you know people will jump back in lol.

[AEW2594]

Has anyone noticed that the UMISOO price has gone down from .00135 to .001125? Its not open for trading yet and we have already lost value for those that have bought at .00135. 

[defcon23]

Has anyone noticed that the UMISOO price has gone down from .00135 to .001125? Its not open for trading yet and we have already lost value for those that have bought at .00135. 

look few page back in this thread...     ------------------------------------------>

Adjusting More:
Cutting down the UMISOO subscription price to 0.001125BTC/GHS, Those users who have subscribed UMISOO's hashrate will receive 20% valued hashrate based on their subscribed volume. This adjustment will be completed at 22:00pm Sept. 28th Beijing (UTC +8 Time Zone)

Excellent news!

[biztek]

Good companies take care of their customers.

They gave extra shares, so practically everybody has bought now at .001125BTC

Has anyone noticed that the UMISOO price has gone down from .00135 to .001125? Its not open for trading yet and we have already lost value for those that have bought at .00135. 

[kanes]

Good companies take care of their customers.

They gave extra shares, so practically everybody has bought now at .001125BTC

Has anyone noticed that the UMISOO price has gone down from .00135 to .001125? Its not open for trading yet and we have already lost value for those that have bought at .00135. 

Yes they are a good company. But im still waiting for my answer from hashnest.com

i need some help, in my status i see this:
Your workers   5m   15m   1h   1d   Unassigned Earnings
UMISOO   665.8908   667.5479   666.9017   654.8766   0.01555597

Unassigned Earning - 0.0155 but when i see what i receive a day is 0.0094. How is this possible?

cause 60.8% fees     indeed...

nop is not that. Because in that value 0.0094 they applie the 60% or 73%(Today), so i only receive 0.004 or something. Hashnest can you please explain?

thanks