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Topic: HASHNEST Discussion and Support Thread - page 125. (Read 660097 times)

legendary
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
February 03, 2016, 11:26:39 PM
For referrence, is this cloud mining profitable or not? How many ghs will I need to actually get profit from this? I want to try this but as I he a bad experience with cloud minings I am really having second thoughts.

Do not take advice on profitability from strangers on the internet.  Go to www.bitcoinwisdom.com and use their calculator to come up with your own conclusion.  Then go and read and understand the asset your thinking about investing in.  Then, if you have questions, come back, but it will do you absolutely no good to not understand and blindly ask strangers who don't have your best interests at heart about what to do.
hero member
Activity: 980
Merit: 500
February 03, 2016, 11:18:56 PM
For referrence, is this cloud mining profitable or not? How many ghs will I need to actually get profit from this? I want to try this but as I he a bad experience with cloud minings I am really having second thoughts.
sr. member
Activity: 412
Merit: 250
February 03, 2016, 05:16:29 PM
Recently bought some GHS and am trading as we speak. Sounds very to take some daytrading moves
hero member
Activity: 742
Merit: 500
February 03, 2016, 03:20:42 PM

Yes very probably the difficulty will drop after halving when old tech gear will get shut down. However it seems some new low consumption technology is being plugged in which won't have to be shut down after halving and it's share on total hashrate will be so high the diff drop will be within single digit percent number. Anyway will be fun to watch.

I think old-tech ASICs will die way before halving. S5 will be dead in a month if BTC price suddenly will not jump to 500USD.

And agree - fun time is coming Smiley
legendary
Activity: 2800
Merit: 1012
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February 03, 2016, 12:25:36 PM
To be honest I don't like to believe any shit like this,bitcoin hacks and scams are just getting more worse with time.

That is why it is important to have a pin set up and 2FA.
I wonder if they were hacked then the database might have been compromised as well ?

Doesn't matter if the database was hacked if you have 2FA set up.  They would also have to have access to your phone.
legendary
Activity: 966
Merit: 1000
February 03, 2016, 12:18:17 PM
To be honest I don't like to believe any shit like this,bitcoin hacks and scams are just getting more worse with time.

That is why it is important to have a pin set up and 2FA.
I wonder if they were hacked then the database might have been compromised as well ?
legendary
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
February 03, 2016, 10:44:36 AM
Hello everybody.

Just saw a post on reddit /r/bitcoin telling hashnest has been hacked and some people lost coins .

check your account .

BTW that could explain also some price dive if account were hacked and hash power sold massively .

That is why it is important to have a pin set up and 2FA.  Not sure how many hacks it takes for people to realize that this is a necessity.  If you do not have these set up, do it immediately.
sr. member
Activity: 291
Merit: 250
February 03, 2016, 08:27:49 AM
I think they are waiting for S4 death confirmation by difficulty increase because currently just small jump in BTC price (to 390) would make S4 profitable again.
full member
Activity: 236
Merit: 100
February 03, 2016, 08:17:27 AM
thanks for your calculations .

Talking about dying , Have anybody heard anything about S4  redeeming ??  It seems it has been over 100% for a while now .
sr. member
Activity: 291
Merit: 250
February 03, 2016, 05:52:09 AM


Correct me if I'm wrong but now 1THS of S5 bring around 0.00418979 BTC/TH/day (i'm using pps number). that make a ROI of 95 days (pretty nice) .

But with the next diff increase income per day goes down from 19% so it will be 0.0033 BTC/TH/day . That make a ROI of 631 days (for me equals never ROIed)
Knowing than next diff is calculated on the time it took to find the  last 2016 blocks, even if some big player switch off his pool today there is no chance to trick the diff calculations .

So am I correct to assume  than :

either S5 is dead in  the next 5 days ?
or BTC price has to increase by at least 20% to keep the S5 running .

There is some market behaviour i don't understand right now or somebody is betting on BTC price increase ??
PS : I can't help it thinking something smell fishy and S5 market price is manipulated (why would it be buyers on the market, knowing the numbers above ? )


Your S5 PPS number is theoretical yield BEFORE deducting maintenance fee. Hashnest S5 currently makes 0.00418979 - 0.003 daily fee = 0.0011 net BTC/TH/day. The ROI  at S5 market price 0.1/TH is about 90 days, so that's correct anyway Wink

With next diff increase, say 19% the net earnings will drop to 0.00339 - 0.003 = 0.00039 net BTC/TH/day which will make theoretical ROI drop to about 270 days so despite your ROI calculation is too pesimistic it is true anyway because halving will happen in about 160 days.

However it doesn't mean S5 is dead in 5 days, the earnings will be still positive so there is a lot of time for speculation, because if BTC price goes up S5 ROI will improve.

S5 will be dead at current BTC price when difficulty grows another 11% after 19%. Then the net daily earnings will drop to zero.

PS And don't try to understand market, it always behaves irrationaly Smiley
full member
Activity: 236
Merit: 100
February 03, 2016, 04:33:16 AM

 There was a huge drop on price for S7 in the last 24 hours or so , do we know the reason for it?

Next diff change will be about 20% which will practically mean the S7 will not survive halving at current BTC/USD price, in other words it will never ROI.

this is assuming the diff will stay the same, which is very unlikely.
halving will bring diff down, or everybody will mine at a loss.

Correct me if I'm wrong but now 1THS of S5 bring around 0.00418979 BTC/TH/day (i'm using pps number). that make a ROI of 95 days (pretty nice) .

But with the next diff increase income per day goes down from 19% so it will be 0.0033 BTC/TH/day . That make a ROI of 631 days (for me equals never ROIed)
Knowing than next diff is calculated on the time it took to find the  last 2016 blocks, even if some big player switch off his pool today there is no chance to trick the diff calculations .

So am I correct to assume  than :

either S5 is dead in  the next 5 days ?
or BTC price has to increase by at least 20% to keep the S5 running .

There is some market behaviour i don't understand right now or somebody is betting on BTC price increase ??
PS : I can't help it thinking something smell fishy and S5 market price is manipulated (why would it be buyers on the market, knowing the numbers above ? )




sr. member
Activity: 291
Merit: 250
February 03, 2016, 04:20:13 AM

 There was a huge drop on price for S7 in the last 24 hours or so , do we know the reason for it?

Next diff change will be about 20% which will practically mean the S7 will not survive halving at current BTC/USD price, in other words it will never ROI.

this is assuming the diff will stay the same, which is very unlikely.
halving will bring diff down, or everybody will mine at a loss.

Yes very probably the difficulty will drop after halving when old tech gear will get shut down. However it seems some new low consumption technology is being plugged in which won't have to be shut down after halving and it's share on total hashrate will be so high the diff drop will be within single digit percent number. Anyway will be fun to watch.
legendary
Activity: 2716
Merit: 1094
Black Belt Developer
February 03, 2016, 03:55:14 AM

 There was a huge drop on price for S7 in the last 24 hours or so , do we know the reason for it?

Next diff change will be about 20% which will practically mean the S7 will not survive halving at current BTC/USD price, in other words it will never ROI.

this is assuming the diff will stay the same, which is very unlikely.
halving will bring diff down, or everybody will mine at a loss.
full member
Activity: 236
Merit: 100
February 03, 2016, 03:47:53 AM
Hello everybody.

Just saw a post on reddit /r/bitcoin telling hashnest has been hacked and some people lost coins .

check your account .

BTW that could explain also some price dive if account were hacked and hash power sold massively .
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
February 03, 2016, 02:54:25 AM
Not sure why are there still buyers out there knowing that they not make any profit out of it unless they're using free electricity. S5 could become unusable within the next few months if they'll continue sell S7s.

Maybe they plan to redeem miners but yes, I generally agree, cloud mining is a tough choice ATM.
sr. member
Activity: 434
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
February 03, 2016, 01:20:02 AM
Not sure why are there still buyers out there knowing that they not make any profit out of it unless they're using free electricity. S5 could become unusable within the next few months if they'll continue sell S7s.
sr. member
Activity: 291
Merit: 250
February 03, 2016, 01:04:43 AM

 There was a huge drop on price for S7 in the last 24 hours or so , do we know the reason for it?

Next diff change will be about 20% which will practically mean the S7 will not survive halving at current BTC/USD price, in other words it will never ROI.
member
Activity: 70
Merit: 10
February 02, 2016, 04:38:30 PM

 Ohh , about in 5 days. That is not good.
legendary
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
February 02, 2016, 04:33:00 PM

 When is the next diff change?

www.bitcoinwisdown.com will help you with your questions.
member
Activity: 70
Merit: 10
February 02, 2016, 04:30:51 PM

 When is the next diff change?
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