Topic: HaoBTC Standard Hashrate Exchange (Hash-Ex) is launched! (Read 1129 times)
Any news lately?
I like the way ViaBTC handles fees more so than HaoBTC. They are using only S9s that draw 100 W per TH/s and 100 W/TH/s is what they charge customers.They say their electric cost is $0.05 per kWh. The only other fee is a 6% management charge off the top of the pool mining yield. If you do the math the daily returns closely match the published fees subtracted from the daily pool mining yield per TH/s. The only fudge factor I see is if they are charging more for electric than they pay. Possible, who knows? Anyway seems fair.
HaoBTC is using a mix of different miners and the best performance they offer is 150 W/TH/s. That seems to be where they set the power consumption to give hash owners a fair mining reward per day. Not quite as transparent as ViaBTC as it appears they have to build in their profit margin into the power cost charged customers. No one expects either company to offer a service without a fair reward.
Both companies are giving customers a very fair deal compared to others like Genesis Mining who have much higher daily fees. My own experience is that HaoBTC is paying out a few cents per TH/s less per day than ViaBTC so far. That might change next week with pool luck. However HaoBTC has a big advantage of the internal exchange so you can sell your hash if you want. I wish consumers would do their research and avoid the companies that are charging high daily fees.
Hi, BNM, since you mentioned "pool luck", I want to explain a little that our Standard Hashrate is theoretical, namely your income has nothing to do with "Lucky". The only things that matter are the difficulty of the whole network, and the price of bitcoin(when we deduct the electricity cost).
If the income doesn't decrease each new day, we can hit ROI in about 1 year. But as it's impossible to happen, I think it's just another cloud mining offer, as usual.
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
Besides, let's say the difficulty doesn't change in 1 year, i.e. the income doesn't decrease in the next year, you don't just hit ROI in about 1 year, you double your invest: you get your bitcoins back, while you still get the hashrate, and since the difficulty doesn't change, your hashrate still worth the same.
Of course, the difficulty is tend to increase, but it's still highly possible for you to make money in this investment.
I understand, but the difficulty will surely increase, in my opinion it's a risk investment, because I could never get my investment back (same amount of Bitcoins), depending how the mining goes...
The possibility to make money profit is if BTC price increases considerably, so my investment will worth, in this case I can make superior profit if I just hold the coins too. Anyway, I wish good luck to all investors and good job for the company!
Thank you for your support!
When the price decreases, mining might be a better choice than just hold the coins cause the difficulty might stop growing.
Anyway, their are some customers who want to join the mining business, we are trying to satisfy them and make the whole market more interesting.
I like the way ViaBTC handles fees more so than HaoBTC. They are using only S9s that draw 100 W per TH/s and 100 W/TH/s is what they charge customers.They say their electric cost is $0.05 per kWh. The only other fee is a 6% management charge off the top of the pool mining yield. If you do the math the daily returns closely match the published fees subtracted from the daily pool mining yield per TH/s. The only fudge factor I see is if they are charging more for electric than they pay. Possible, who knows? Anyway seems fair.
HaoBTC is using a mix of different miners and the best performance they offer is 150 W/TH/s. That seems to be where they set the power consumption to give hash owners a fair mining reward per day. Not quite as transparent as ViaBTC as it appears they have to build in their profit margin into the power cost charged customers. No one expects either company to offer a service without a fair reward.
Both companies are giving customers a very fair deal compared to others like Genesis Mining who have much higher daily fees. My own experience is that HaoBTC is paying out a few cents per TH/s less per day than ViaBTC so far. That might change next week with pool luck. However HaoBTC has a big advantage of the internal exchange so you can sell your hash if you want. I wish consumers would do their research and avoid the companies that are charging high daily fees.
The point is not just difficulty increasing , its about how much hashrates devaluates and how much you make meanwhile. If you make more Money with hashes during that time than the hashrates devaluation that means you are still in profit but if the hashrates devaluates faster than what you make than you are losing in your investment. So it is not about hashrate difficulty or anything , its about the difference between them.
But hashrates devaluation is a consequence of mining difficulty increasing, no?
If the mining difficulty increases fast, the hashrates devalues in the same proportion, so we make less income and probably, we don't hit ROI.
Buying hosted mining really only makes sense if you expect bitcoin price to be $1000 within the next year. Otherwise you might with luck make back your investment in a year if price stays flat. The safer investment is just to buy and hold bitcoin. Which is still risky enough. At least Hash-Ex has an internal exchange where you can sell your hash if you like. They give newcomers a place where hashes can be bought and sold if you need to scratch that mining itch. Beats the crap out of outfits like Genesis Mining with exorbitant fees.
Well, actually buying hashrate can hedge the risk of holding bitcoin.
When the price goes down, as the difficulty tend to stop increase, then hashrate will bring you more coins.
The point is not just difficulty increasing , its about how much hashrates devaluates and how much you make meanwhile. If you make more Money with hashes during that time than the hashrates devaluation that means you are still in profit but if the hashrates devaluates faster than what you make than you are losing in your investment. So it is not about hashrate difficulty or anything , its about the difference between them.
Exactly. If you have bought 1 TH/s (for 150W) in the beginning, it would cost you 0.2 BTC. Now you will get 0.00845261 BTC and the price is 0.1923 BTC. You have a slight profit of 0.00075261 BTC.
Anyway, it's a long-term investment.
If the income doesn't decrease each new day, we can hit ROI in about 1 year. But as it's impossible to happen, I think it's just another cloud mining offer, as usual.
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
Besides, let's say the difficulty doesn't change in 1 year, i.e. the income doesn't decrease in the next year, you don't just hit ROI in about 1 year, you double your invest: you get your bitcoins back, while you still get the hashrate, and since the difficulty doesn't change, your hashrate still worth the same.
Of course, the difficulty is tend to increase, but it's still highly possible for you to make money in this investment.
I understand, but the difficulty will surely increase, in my opinion it's a risk investment, because I could never get my investment back (same amount of Bitcoins), depending how the mining goes...
The possibility to make money profit is if BTC price increases considerably, so my investment will worth, in this case I can make superior profit if I just hold the coins too. Anyway, I wish good luck to all investors and good job for the company!
Thank you for your support!
When the price decreases, mining might be a better choice than just hold the coins cause the difficulty might stop growing.
Anyway, their are some customers who want to join the mining business, we are trying to satisfy them and make the whole market more interesting.
If the income doesn't decrease each new day, we can hit ROI in about 1 year. But as it's impossible to happen, I think it's just another cloud mining offer, as usual.
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
Besides, let's say the difficulty doesn't change in 1 year, i.e. the income doesn't decrease in the next year, you don't just hit ROI in about 1 year, you double your invest: you get your bitcoins back, while you still get the hashrate, and since the difficulty doesn't change, your hashrate still worth the same.
Of course, the difficulty is tend to increase, but it's still highly possible for you to make money in this investment.
The difficulty will increase considerably over the year though so not sure with the purpose of that statement.
Has anyone done any genuine calculations on exactly how long this is likely to run for based on current difficulty level increases and what the rough % profit would be after a year after ROI'ing. I'm always sceptical with these things.
I do love HaoBTC though, was using your investment platform for a while and got some good interest.
It's too difficult to do the right calculation due to the uncertainty in mining business.
If you don't like the risk, Finance would be a better choice cause the Hash-Ex amplified the risk and the profit at the same time.
And... thank you for the support.
BTW, HaoBTC uses its own mining farm(https://www.washingtonpost.com/world/asia_pacific/in-chinas-tibetan-highlands-the-bizarre-world-of-bitcoin-mining-finds-a-new-home/2016/09/12/7729cbea-657e-11e6-b4d8-33e931b5a26d_story.html) and mining pool (https://btc.com/stats/pool/HaoBTC), while some cloudminers, who spent incredible money on advertising, refuse to tell you any detail about their mining farm. Who is more trustworthy?
Ok so you guys have 84.62 PH/s and can you guys promise you will not sell hashrate more than that? Because majority of other cloud mining platform just like to sell as much as hashrate as they can even if they don't have that much mining power in reality. We have about 110 PH/s now: (https://btc.com/stats/pool/HaoBTC), but we only issued 44 PH/s (40 PH/s for 150W; 4 PH/s for 300W).
Those data are public.
The point is not just difficulty increasing , its about how much hashrates devaluates and how much you make meanwhile. If you make more Money with hashes during that time than the hashrates devaluation that means you are still in profit but if the hashrates devaluates faster than what you make than you are losing in your investment. So it is not about hashrate difficulty or anything , its about the difference between them.
But hashrates devaluation is a consequence of mining difficulty increasing, no?
If the mining difficulty increases fast, the hashrates devalues in the same proportion, so we make less income and probably, we don't hit ROI.
Buying hosted mining really only makes sense if you expect bitcoin price to be $1000 within the next year. Otherwise you might with luck make back your investment in a year if price stays flat. The safer investment is just to buy and hold bitcoin. Which is still risky enough. At least Hash-Ex has an internal exchange where you can sell your hash if you like. They give newcomers a place where hashes can be bought and sold if you need to scratch that mining itch. Beats the crap out of outfits like Genesis Mining with exorbitant fees.
The point is not just difficulty increasing , its about how much hashrates devaluates and how much you make meanwhile. If you make more Money with hashes during that time than the hashrates devaluation that means you are still in profit but if the hashrates devaluates faster than what you make than you are losing in your investment. So it is not about hashrate difficulty or anything , its about the difference between them.
But hashrates devaluation is a consequence of mining difficulty increasing, no?
If the mining difficulty increases fast, the hashrates devalues in the same proportion, so we make less income and probably, we don't hit ROI.
The point is not just difficulty increasing , its about how much hashrates devaluates and how much you make meanwhile. If you make more Money with hashes during that time than the hashrates devaluation that means you are still in profit but if the hashrates devaluates faster than what you make than you are losing in your investment. So it is not about hashrate difficulty or anything , its about the difference between them.
If the income doesn't decrease each new day, we can hit ROI in about 1 year. But as it's impossible to happen, I think it's just another cloud mining offer, as usual.
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
Besides, let's say the difficulty doesn't change in 1 year, i.e. the income doesn't decrease in the next year, you don't just hit ROI in about 1 year, you double your invest: you get your bitcoins back, while you still get the hashrate, and since the difficulty doesn't change, your hashrate still worth the same.
Of course, the difficulty is tend to increase, but it's still highly possible for you to make money in this investment.
I understand, but the difficulty will surely increase, in my opinion it's a risk investment, because I could never get my investment back (same amount of Bitcoins), depending how the mining goes...
The possibility to make money profit is if BTC price increases considerably, so my investment will worth, in this case I can make superior profit if I just hold the coins too. Anyway, I wish good luck to all investors and good job for the company!
I have one TH/s both at HaoBTC HashEx (150 W) and ViaBTC. Cost is about the same but daily returns are slightly higher .00005 btc at ViaBTC. Will see if the two services even out after a week.
Edit: after a week ViaBTC is consistently paying out .00005 to .000054 bitcoin per TH/s per day more than HaoBTC. That is not insignificant and could mean an investment at ViaBTC returns your investment one month earlier.
Edit: after a week ViaBTC is consistently paying out .00005 to .000054 bitcoin per TH/s per day more than HaoBTC. That is not insignificant and could mean an investment at ViaBTC returns your investment one month earlier.
BTW, HaoBTC uses its own mining farm(https://www.washingtonpost.com/world/asia_pacific/in-chinas-tibetan-highlands-the-bizarre-world-of-bitcoin-mining-finds-a-new-home/2016/09/12/7729cbea-657e-11e6-b4d8-33e931b5a26d_story.html) and mining pool (https://btc.com/stats/pool/HaoBTC), while some cloudminers, who spent incredible money on advertising, refuse to tell you any detail about their mining farm. Who is more trustworthy?
Ok so you guys have 84.62 PH/s and can you guys promise you will not sell hashrate more than that? Because majority of other cloud mining platform just like to sell as much as hashrate as they can even if they don't have that much mining power in reality. If the income doesn't decrease each new day, we can hit ROI in about 1 year. But as it's impossible to happen, I think it's just another cloud mining offer, as usual.
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
Besides, let's say the difficulty doesn't change in 1 year, i.e. the income doesn't decrease in the next year, you don't just hit ROI in about 1 year, you double your invest: you get your bitcoins back, while you still get the hashrate, and since the difficulty doesn't change, your hashrate still worth the same.
Of course, the difficulty is tend to increase, but it's still highly possible for you to make money in this investment.
The difficulty will increase considerably over the year though so not sure with the purpose of that statement.
Has anyone done any genuine calculations on exactly how long this is likely to run for based on current difficulty level increases and what the rough % profit would be after a year after ROI'ing. I'm always sceptical with these things.
I do love HaoBTC though, was using your investment platform for a while and got some good interest.
If the income doesn't decrease each new day, we can hit ROI in about 1 year. But as it's impossible to happen, I think it's just another cloud mining offer, as usual.
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
Besides, let's say the difficulty doesn't change in 1 year, i.e. the income doesn't decrease in the next year, you don't just hit ROI in about 1 year, you double your invest: you get your bitcoins back, while you still get the hashrate, and since the difficulty doesn't change, your hashrate still worth the same.
Of course, the difficulty is tend to increase, but it's still highly possible for you to make money in this investment.
Well here is a question, do you Haobtc, charge any fees for selling/buying the hashrate? Besides the electricity cost... I know bitman doesn't charge to buy but makes an .1% on selling hashrate on there open market, Oh btw how about adding an maintenance % like hashnest does to there s7's ~ 90% maintenance atm..
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Oh and paying (.2 BTC)~ $170 1 th/s seems a bit much imo
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Oh and paying (.2 BTC)~ $170 1 th/s seems a bit much imo
We don't charge any fee for selling/buying the hashrate.
Well here is a question, do you Haobtc, charge any fees for selling/buying the hashrate? Besides the electricity cost... I know bitman doesn't charge to buy but makes an .1% on selling hashrate on there open market, Oh btw how about adding an maintenance % like hashnest does to there s7's ~ 90% maintenance atm..
Icon
Oh and paying (.2 BTC)~ $170 1 th/s seems a bit much imo
Icon
Oh and paying (.2 BTC)~ $170 1 th/s seems a bit much imo
If the income doesn't decrease each new day, we can hit ROI in about 1 year. But as it's impossible to happen, I think it's just another cloud mining offer, as usual.
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
It is true that it will take 1 year to hit ROI if income doesn't decrease, namely the difficulty don't increase, and as you said, it's impossible to happen. But, the Mining industry is a long-term investment now. The difficulty can increase only when the price of bitcoin increases (otherwise there is no reason to buy new miners), and as the price of bitcoin goes up, your Hashrate can mine bitcoins for more than 1 year - that's when you get your profit.
Remember in the mining game, the players with lowest cost will always win. Compare our product, both the price of Hashrate and the price of electricity, with others and you will figure it out.
Moreover, as you can keep the Hashrate to get mined bitcoins, you can sell it any time in the Exchange.
BTW, HaoBTC uses its own mining farm(https://www.washingtonpost.com/world/asia_pacific/in-chinas-tibetan-highlands-the-bizarre-world-of-bitcoin-mining-finds-a-new-home/2016/09/12/7729cbea-657e-11e6-b4d8-33e931b5a26d_story.html) and mining pool (https://btc.com/stats/pool/HaoBTC), while some cloudminers, who spent incredible money on advertising, refuse to tell you any detail about their mining farm. Who is more trustworthy?
If the income doesn't decrease each new day, we can hit ROI in about 1 year. But as it's impossible to happen, I think it's just another cloud mining offer, as usual.
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
What is the difference between your service and Genesis Mining service? What is the advantage you have, they don't have?
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