Topic: ANN: BITMAIN announces Cloud Hash Platform-HASHNEST.COM (Read 13082 times)
UPDATE:HASHNEST Discussion and Support Thread has been moved to https://bitcointalksearch.org/topic/hashnest-discussion-and-support-thread-766448
Hello Guyz
The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%
The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%
I did the calculations with that new price, no ROI possible at current conditions.
Why don't you just ship your product instead of keeping them on backorder and filling your cloud datacenter?
S2 seems not to be backordered, these are what they have in the mine. S2... consider it as "better than trash"With plenty of noobs around (however less than CEXIO), price of miners are overpriced since day one (of snowball.io). You may want to take a look all the ANtS1-S3
https://www.hashnest.com/currency_markets/10
hover the chart icon on top-left, select Candlestick/Volume. Laugh on the pathetic-ness.
Hello Guyz
The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%
The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%
Still too high. If the maint fee was lower, it'd be a different story. This is China, electricity is supposed to be dirt cheap, why so high??
M
Calculator, who would use that? They're all with their sixth sense
PS: People are complaining on missing mail, good luck (also, seen from QQ).
Why don't you just ship your product instead of keeping them on backorder and filling your cloud datacenter?
Just got this in my email this morning, what do you think?
https://www.kncminer.com/categories/cloud-mining
Seems September is brining all kinds of hashing deals.... lol
https://www.kncminer.com/categories/cloud-mining
Seems September is brining all kinds of hashing deals.... lol
Hello Guyz
The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%
The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%
Still too high. If the maint fee was lower, it'd be a different story. This is China, electricity is supposed to be dirt cheap, why so high??
M
Hello Guyz
The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%
Again, absolutely not a good way to start a brand. The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%
Hello Guyz
The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%
The price went from 0.0016 to 0.00135฿/GHS, minus 18.5%
To put things in perspective, if BTC/USD remains constant, you're looking at a 37% pool fee. No electricity, no heat, presumably guaranteed up time, but still 37% pool fee.
According to tradeblock.com, at 15% difficulty increase/month, if all else remains the same, you'll break even in March 2015.
According to tradeblock.com, at 15% difficulty increase/month, if all else remains the same, you'll break even in March 2015.
Your analysis is incorrect because 37% is valid only at current difficulty. As the maintenance costs are fixed, the percentage will go up every time the difficulty rises. Better calculator is here https://bitcoinwisdom.com/bitcoin/calculator
Even at ultra optimistic 5% diff. growth per period the investment will never return.
I don't like bitcoinwisdom, it always is wayyyy off on difficulty estimates.
Regardless, if percentage increases every time, then my estimates are even worse. Thanks for pointing that out.
M
In the early days of CEX.IO I bought close to 2 BTC worth of mining shares. I watched it dwindle away rapidly as both the cost of a Ghash shares dropped and difficulty went up. I can honestly say if I had it to do over I would have purchased my own gear and gone that route. For the same 1.6 BTC now I think would rather by more mining gear sha or scrypt or simply hold that BTC for investment. I know most of us are guilty of not knowing when to stop mining and have been bit by the hashing bug, same as a compulsive gambler lol just doesn't know when to leave the table.....
email verification not working i have sent verification like 4 times now, no email still. I am using gmail.
The way they make it sound is that you will continue to receive a dividend until the cost to run it each day is higher than the Pay out you would receive.
Edit, so once an S2 makes less than $3.20 a day it will stop hashing for us. Anyone have an estimate of when that will be?
Well before you get back the BTC1.6 without a doubt.
Selling cloud mining is a way to raise money for the next generation equipment. This wouldn't be so bad if you stood a chance of making a profit as well out of the deal but the chances are slim, and that new equipment will be deployed by them before you have access to it, raising the difficulty and further eroding your returns from the current offering.
ALL manufacturers are ripping off buyers, the only way the equation will start to balance so that BOTH parties make something is when people stop paying these inflated prices.
To put things in perspective, if BTC/USD remains constant, you're looking at a 37% pool fee. No electricity, no heat, presumably guaranteed up time, but still 37% pool fee.
According to tradeblock.com, at 15% difficulty increase/month, if all else remains the same, you'll break even in March 2015.
According to tradeblock.com, at 15% difficulty increase/month, if all else remains the same, you'll break even in March 2015.
Your analysis is incorrect because 37% is valid only at current difficulty. As the maintenance costs are fixed, the percentage will go up every time the difficulty rises. Better calculator is here https://bitcoinwisdom.com/bitcoin/calculator
Even at ultra optimistic 5% diff. growth per period the investment will never return.
The way they make it sound is that you will continue to receive a dividend until the cost to run it each day is higher than the Pay out you would receive.
Edit, so once an S2 makes less than $3.20 a day it will stop hashing for us. Anyone have an estimate of when that will be?
Well before you get back the BTC1.6 without a doubt.
Selling cloud mining is a way to raise money for the next generation equipment. This wouldn't be so bad if you stood a chance of making a profit as well out of the deal but the chances are slim, and that new equipment will be deployed by them before you have access to it, raising the difficulty and further eroding your returns from the current offering.
ALL manufacturers are ripping off buyers, the only way the equation will start to balance so that BOTH parties make something is when people stop paying these inflated prices.
IMHO, BITMAIN's acquisition of SNOWBALL.IO is to simply make a method to monetize on any remaining hashes. However they just did it wrongly with their UMISOO "IPO" or whatever term you call it. Should it be in an incremental pricing system against volume, this would 1 drive more people to look 2; to find the optimal price that customers would pay for.
The single thing I like is that they act as a competitor to GHASH.IO, offer feature like "redeem real miner with shares" or vice versa and pledge (hope they would release soon) using P2Pool.
I am a fanboy of Snowball since like week 1 of them and now they are being acquired (I read Chinese, translation are lossy like JPEG with 50 compression, you see the shape, but all the details are gone, *poof* ). If for they are not aiming on at least helping to decentralize by P2Pooling and to actually have a prove of miner reserve instead of being yet another perpetual ponzi mining bond, I wouldn't have been posting here right now.
Best of luck.
The single thing I like is that they act as a competitor to GHASH.IO, offer feature like "redeem real miner with shares" or vice versa and pledge (hope they would release soon) using P2Pool.
I am a fanboy of Snowball since like week 1 of them and now they are being acquired (I read Chinese, translation are lossy like JPEG with 50 compression, you see the shape, but all the details are gone, *poof* ). If for they are not aiming on at least helping to decentralize by P2Pooling and to actually have a prove of miner reserve instead of being yet another perpetual ponzi mining bond, I wouldn't have been posting here right now.
Best of luck.
| Name | Power efficiency | Maintenance fees | Fees/Earnings | Last Price | Amount |
| UMISOO | 1.0W/GHS | $0.0032422/GHS/Day | 37.33% | 0BTC | 0.0 Ǥ |
==> 1000Ghash - 1000W - 650$
(1kwh = $0.135)
With difficult 5%/1month
2014 -675
9-3 – 9-30 (28 days) 27428 M 145.5 145.5 -529.5
10-1 – 10-31 (59 days) 30240 M 134.8 134.8 -394.6
11-1 – 11-30 (89 days) 33339 M 107.3 107.3 -287.4
12-1 – 12-31 (120 days) 36756 M 89.29 89.29 -198.1
2015
1-1 – 1-31 (151 days) 40524 M 69.02 69.02 -129
2-1 – 2-28 (179 days) 46912 M 47.08 47.08 -81.97
3-1 – 3-31 (210 days) 51720 M 36.83 36.83 -45.14
4-1 – 4-30 (240 days) 57022 M 22.07 22.07 -23.07
5-1 – 5-31 (271 days) 62866 M 10.25 10.25 -12.82
6-1 – 6-30 (301 days) 69310 M -1.422 -1.422 -14.24
Can not make profitable
Utilizing Antminer S2?
0.8$/GH for 1W/GH hardware is also quite high, especially as AM tubes are available at around 0.7$/GH (including PSU cost), shipped.
Hosting cost of 100$/TH is acceptable, though I wouldn´t neccesarrily run any 1W/GH hardware at such high electricity prices....
The customer also doesn´t own the miner, but it will remain with hashnest once no longer profitable (at ~100$/kW/m).
0.8$/GH for 1W/GH hardware is also quite high, especially as AM tubes are available at around 0.7$/GH (including PSU cost), shipped.
Hosting cost of 100$/TH is acceptable, though I wouldn´t neccesarrily run any 1W/GH hardware at such high electricity prices....
The customer also doesn´t own the miner, but it will remain with hashnest once no longer profitable (at ~100$/kW/m).
am I missing something .... 1.6btc for 1TH?!?!?!? You got to be fucking kidding me!
I hope noone is stupid enough to buy this shit....
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=27428630902&dcosts=1.6&diff_mincrease=15&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=0.5&btcusd=1&dpowcon=0&btcusd_mincrease=0&pcost=.11&calcweeks=15&dleadtime=0&action=calc#
I hope noone is stupid enough to buy this shit....
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=27428630902&dcosts=1.6&diff_mincrease=15&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=0.5&btcusd=1&dpowcon=0&btcusd_mincrease=0&pcost=.11&calcweeks=15&dleadtime=0&action=calc#
That's definitely calculated completely wrong. I've just tried myself using the btcinvest.net calculator but I'm not sure that's the way it can be done.
If I did understand it right, you buy the hash power at a flat rate (in case of 1 TH/s that's BTC1.6), no running costs till maintenance equals earnings (that's when the contract ends), and earnings is 37.32% of what the miner profits. Correct?
Can someone please show how that Hashnest / UMISOO Round 1 Subscription offer can be calculated using the btcinvest.net calculator?
am I missing something .... 1.6btc for 1TH?!?!?!? You got to be fucking kidding me!
I hope noone is stupid enough to buy this shit....
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=27428630902&dcosts=1.6&diff_mincrease=15&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=0.5&btcusd=1&dpowcon=0&btcusd_mincrease=0&pcost=.11&calcweeks=15&dleadtime=0&action=calc#
I hope noone is stupid enough to buy this shit....
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=27428630902&dcosts=1.6&diff_mincrease=15&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=0.5&btcusd=1&dpowcon=0&btcusd_mincrease=0&pcost=.11&calcweeks=15&dleadtime=0&action=calc#
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