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Topic: HASHNEST Discussion and Support Thread - page 121. (Read 660097 times)

legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
February 15, 2016, 05:57:52 PM
Mine was

Action Type: Web login
Browser: Firefox
Platform: windows
IP Adress: 108.162.246.152
Location: United States; Washington; Seattle

You should take a look if something's changed in your account though.
sr. member
Activity: 379
Merit: 250
February 15, 2016, 01:10:50 PM
Did anybody get this earlier today

Quote
At 2016-02-15 09:46:02 UTC your account was from an unkown IP address.The details are listed below:

Action Type: Web login
Browser: Chrome
Platform: windows
IP Adress: 108.162.246.166
Location: United States; Washington; Seattle

If this wasn't you, please report this as a suspicious login and change your password immediately.

Thanks for your support

Regards,
Bitmain HashNest Team

Yes, but from a different IP, both however belong to CLOUDFLARENET and this happens occasionally when hashnest does maintenance I think.
legendary
Activity: 3808
Merit: 1723
February 15, 2016, 11:35:38 AM
Did anybody get this earlier today

Quote
At 2016-02-15 09:46:02 UTC your account was from an unkown IP address.The details are listed below:

Action Type: Web login
Browser: Chrome
Platform: windows
IP Adress: 108.162.246.166
Location: United States; Washington; Seattle

If this wasn't you, please report this as a suspicious login and change your password immediately.

Thanks for your support

Regards,
Bitmain HashNest Team
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
February 15, 2016, 09:07:21 AM
S4 redemption period is on

https://enforum.bitmain.com/bbs/topics/2847

You can't anymore sell your hashrate is hashnest.

If someone wants to sell his S4 account to me, PM me. I'm only interest about redemptin one S4. Escrow ok.

Edit: it cost more than 400 USD to ship ONE S4. Forget it.

Is that with all the taxes and stuff? I'm looking to get 1 too. It's a used one why does it cost too much?
full member
Activity: 182
Merit: 101
February 15, 2016, 05:52:44 AM
S4 redemption period is on

https://enforum.bitmain.com/bbs/topics/2847

You can't anymore sell your hashrate is hashnest.

If someone wants to sell his S4 account to me, PM me. I'm only interest about redemptin one S4. Escrow ok.

Edit: it cost more than 400 USD to ship ONE S4. Forget it.
sr. member
Activity: 291
Merit: 250
February 15, 2016, 05:31:08 AM
Let's do the math and do not mix hashnest case with real efficiency. If bitmain or whoever has access to cheap electricity, say 3 cents/kWh, they can have 150 days ROI even at 1.7 exahash (about 250mil diff). At 1 cent/kWh the breakeven hashrate is at 2 exahashes.

So the hashnest will have to go down (at charged 0.09 USD/kWh) but it in doesn't mean miners should be physically shut down.

edit: I am talking about S7
full member
Activity: 182
Merit: 101
February 15, 2016, 04:05:12 AM


Lets do a bit of of math. S7, the most efficient ASIC ATM is at around 40% at hashnest. When block halves, this will be 80%, taking constant BTC price into account. We have 5 more months till halving, diff jumps at about 30% per month minimum. This means S7 goes way over 100% and gets shut down for cloud mining. They can continue mining at slim profits without cloud but this is also very questionable. All in all, unless BTC doubles, lots of miners will have to shut down and get replaced by more efficient ones.

I don't think difficulty keeps rising that fast, if most miners are below water. What is the point to add current generation miners, if you are not profitable.

When more efficient hardware comes, that is of course a different story.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
February 15, 2016, 02:17:15 AM
I have to say I d expect some news about 16nm from Hashnest as well. Cause if diff continues galloping this way and block halves, there s no ASIC that would be profitable. I refuse to believe they would simply shut down their farms and wait for difficulty to go down again.
They definitely won't shut down their farms because they are mining at some of the cheapest electricity rates available anywhere. It is not the amount they charge on Hashnest that is for sure, and they are the ones flooding the network with more hash right now anyways so it would be their own fault.

Lets do a bit of of math. S7, the most efficient ASIC ATM is at around 40% at hashnest. When block halves, this will be 80%, taking constant BTC price into account. We have 5 more months till halving, diff jumps at about 30% per month minimum. This means S7 goes way over 100% and gets shut down for cloud mining. They can continue mining at slim profits without cloud but this is also very questionable. All in all, unless BTC doubles, lots of miners will have to shut down and get replaced by more efficient ones.
hero member
Activity: 616
Merit: 500
February 14, 2016, 10:26:41 PM
It´s just strategy. Businessmen don´t do random and most definitely not in such a complex and volatile business as bitcoin.

do you think in the same time hardware producer are pumping btc price to keep the profitabilty up ?

Without the blockchain there is no bitcoin so the bottom in the bitcoin price can´t really be below the profitability break even, at least not not for long. Major mining has to have a financial incentive to mine, or so I would imagine. Don´t the Chinese dominate everything, hardware mining trading? It seems likely that they manipulate things and all major markets are more or less controlled anyway, free market rhetoric notwithstanding.
hero member
Activity: 560
Merit: 500
February 14, 2016, 07:34:13 PM
BitFury Announces Mass Production of Fastest and Most Effective 16nm ASIC Chip in the World

http://www.businesswire.com/news/home/20151216005453/en/BitFury-Announces-Mass-Production-Fastest-Effective-16nm

Bitmain S7 is 0.25 J/GH.

Bitfury claims this chip is 0.07 J/GH on the high end, 0.055 on the low end!

I think, S7 will be dead soon.
Bitfury only has chips as this point and no working boards.  Won't see this mass production out of them for at least 8 more weeks at a minimum.  What we have seen added to the network has been Bitfury's Georgia farm fully up and running on 28 nm(https://bitcointalksearch.org/topic/m.13835791), BW's newest miners and more S7 with cheap power.

I think the 16 nm has been used by the manufacturers already. The difficulty just is too fast in the last two weeks.

That's very likely. Someone has references about it?
full member
Activity: 236
Merit: 100
February 14, 2016, 05:04:12 PM
It´s just strategy. Businessmen don´t do random and most definitely not in such a complex and volatile business as bitcoin.

do you think in the same time hardware producer are pumping btc price to keep the profitabilty up ?
hero member
Activity: 616
Merit: 500
February 14, 2016, 03:19:51 PM
It´s just strategy. Businessmen don´t do random and most definitely not in such a complex and volatile business as bitcoin.
hero member
Activity: 616
Merit: 500
February 14, 2016, 03:15:00 PM
I have to say I d expect some news about 16nm from Hashnest as well. Cause if diff continues galloping this way and block halves, there s no ASIC that would be profitable. I refuse to believe they would simply shut down their farms and wait for difficulty to go down again.
They definitely won't shut down their farms because they are mining at some of the cheapest electricity rates available anywhere. It is not the amount they charge on Hashnest that is for sure, and they are the ones flooding the network with more hash right now anyways so it would be their own fault.

They´ve probably been trying to get rid of some competition, flooding it out, and at the same time gain more control over the trading leading up to the halving. The timing would seem to indicate so. They began selling s7 Sept-Oct and you would expect the market to begin pricing in the halving 6-9 months before it takes place. That´s pretty typical market behavior, not just in bitcoin.
legendary
Activity: 1174
Merit: 1001
February 14, 2016, 07:49:29 AM
I have to say I d expect some news about 16nm from Hashnest as well. Cause if diff continues galloping this way and block halves, there s no ASIC that would be profitable. I refuse to believe they would simply shut down their farms and wait for difficulty to go down again.
They definitely won't shut down their farms because they are mining at some of the cheapest electricity rates available anywhere. It is not the amount they charge on Hashnest that is for sure, and they are the ones flooding the network with more hash right now anyways so it would be their own fault.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
February 14, 2016, 01:29:35 AM
I have to say I d expect some news about 16nm from Hashnest as well. Cause if diff continues galloping this way and block halves, there s no ASIC that would be profitable. I refuse to believe they would simply shut down their farms and wait for difficulty to go down again.
member
Activity: 127
Merit: 10
February 13, 2016, 08:00:04 PM
Main page only is back now (for me anyway). Links beyond main page are still non-functional.

Update: 1:04 AM UTC time site appears to be back in full. From the hashrate charts looks like about a 5.5 hour outage.
newbie
Activity: 15
Merit: 0
February 13, 2016, 07:53:05 PM


.. aaaannnd they're back
legendary
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
February 13, 2016, 06:27:54 PM
Same here. Checking http://www.isitdownrightnow.com/hashnest.com.html shows intermittently up and down. Pretty ominous that it can connect but have zero content.

It's 6AM in China now. Hopefully someone's getting to work soon...

Yeah, Spring festival is now over. Hopefully, someone at Bitmain is not too hung over to get it up and running again.

Alright, not just me.  Thought it was weird that I wasn't getting an error, but just nothing coming up.
legendary
Activity: 1806
Merit: 1828
February 13, 2016, 05:54:25 PM
Same here. Checking http://www.isitdownrightnow.com/hashnest.com.html shows intermittently up and down. Pretty ominous that it can connect but have zero content.

It's 6AM in China now. Hopefully someone's getting to work soon...

Yeah, Spring festival is now over. Hopefully, someone at Bitmain is not too hung over to get it up and running again.
member
Activity: 127
Merit: 10
February 13, 2016, 05:08:07 PM
Same here. Checking http://www.isitdownrightnow.com/hashnest.com.html shows intermittently up and down. Pretty ominous that it can connect but have zero content.

It's 6AM in China now. Hopefully someone's getting to work soon...
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