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Topic: HASHNEST Discussion and Support Thread - page 145. (Read 660097 times)

legendary
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December 02, 2015, 08:18:47 PM
If I buy some ghs from the hashnest market,am I mining for a lifetime or do I have it for a defined period of time?

You are buying hash based on some chip that they have.  Each hash type they have available has a certain maintenance fee.  When it becomes unprofitable to run, the hash stops working for you, and after a certain period it is done for good.  You then have the option to have the actual unit mailed to you for a fee.

There is a market tab and you can buy various amounts of ghs, say I buy 500ghs from the s5 market tab

Is that a question?  Not sure what your asking.
You haven't really answered my question to start off with but it's fine.  I am buying hash from the market tab from people who are selling some of their ghs so why would bitmain mail me the unit for a fee?

Did you read my initial answer, perhaps you don't understand what your really buying?  If you don't understand that perhaps read the ToS of what you are buying.  They can be found under the "Shop" tab.  If you have more questions about how it works after reading that you can post again and we can explain it more.
member
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December 02, 2015, 08:11:37 PM
If I buy some ghs from the hashnest market,am I mining for a lifetime or do I have it for a defined period of time?

You are buying hash based on some chip that they have.  Each hash type they have available has a certain maintenance fee.  When it becomes unprofitable to run, the hash stops working for you, and after a certain period it is done for good.  You then have the option to have the actual unit mailed to you for a fee.

There is a market tab and you can buy various amounts of ghs, say I buy 500ghs from the s5 market tab

Is that a question?  Not sure what your asking.
You haven't really answered my question to start off with but it's fine.  I am buying hash from the market tab from people who are selling some of their ghs so why would bitmain mail me the unit for a fee?
legendary
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December 02, 2015, 07:59:18 PM
If I buy some ghs from the hashnest market,am I mining for a lifetime or do I have it for a defined period of time?

You are buying hash based on some chip that they have.  Each hash type they have available has a certain maintenance fee.  When it becomes unprofitable to run, the hash stops working for you, and after a certain period it is done for good.  You then have the option to have the actual unit mailed to you for a fee.

There is a market tab and you can buy various amounts of ghs, say I buy 500ghs from the s5 market tab

Is that a question?  Not sure what your asking.
member
Activity: 84
Merit: 10
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December 02, 2015, 07:12:08 PM
If I buy some ghs from the hashnest market,am I mining for a lifetime or do I have it for a defined period of time?

You are buying hash based on some chip that they have.  Each hash type they have available has a certain maintenance fee.  When it becomes unprofitable to run, the hash stops working for you, and after a certain period it is done for good.  You then have the option to have the actual unit mailed to you for a fee.

There is a market tab and you can buy various amounts of ghs, say I buy 500ghs from the s5 market tab
legendary
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December 02, 2015, 07:09:40 PM
If I buy some ghs from the hashnest market,am I mining for a lifetime or do I have it for a defined period of time?

You are buying hash based on some chip that they have.  Each hash type they have available has a certain maintenance fee.  When it becomes unprofitable to run, the hash stops working for you, and after a certain period it is done for good.  You then have the option to have the actual unit mailed to you for a fee.
member
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December 02, 2015, 06:59:11 PM
If I buy some ghs from the hashnest market,am I mining for a lifetime or do I have it for a defined period of time?
legendary
Activity: 1174
Merit: 1001
December 02, 2015, 10:08:01 AM
When btc was around $300 the s7 maintance was 24% now its $360~ and its just dropped to 22%?!? btw if price go down to $250 its goes up to 30-35-40%

What does that tell you? Since they re basically the only ones in the market with proven mining operations, they can do whatever they want.
They don't manually change the maintenance fees.  You do realize that the difficulty has gone up just under 20% since btc was at $300?  Imagine if btc price goes to $250 like you mention, and the difficulty keeps rising between 8-12% for 4 more periods.  Then you're looking at the S7 being the only miner in Hashnest not under water, but not because Bitmain fixed it that way.
legendary
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December 02, 2015, 03:01:33 AM
When btc was around $300 the s7 maintance was 24% now its $360~ and its just dropped to 22%?!? btw if price go down to $250 its goes up to 30-35-40%

What does that tell you? Since they re basically the only ones in the market with proven mining operations, they can do whatever they want.
legendary
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December 01, 2015, 09:49:00 PM
To me hashnest has become like other services. Just being greedy and wants every penny of their customers.

They have proven this by the block scam they did some weeks ago.

Care to explain the bolded part?  You can't just spout nonsense and not back it up, that's what makes you a troll.
sr. member
Activity: 364
Merit: 250
December 01, 2015, 09:26:36 PM
To me hashnest has become like other services. Just being greedy and wants every penny of their customers.

They have proven this by the block scam they did some weeks ago.
copper member
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December 01, 2015, 01:26:13 PM
When btc was around $300 the s7 maintance was 24% now its $360~ and its just dropped to 22%?!? btw if price go down to $250 its goes up to 30-35-40%

That is because difficulty also plays a part in the calculation, so the bitcoin price was $300 but difficulty was lower, so maintenance was lower.

HMM... Yes; as the difficulty increases, the amount that has been got by the miner will decrease (theoretically). However, if it has not stayed at the same price (and increased) then there is a problem. I bought 40GHs S3 and its very good! (bought around a week ago and maid ~0.01 mbtc!)
legendary
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December 01, 2015, 08:51:43 AM
When btc was around $300 the s7 maintance was 24% now its $360~ and its just dropped to 22%?!? btw if price go down to $250 its goes up to 30-35-40%

That is because difficulty also plays a part in the calculation, so the bitcoin price was $300 but difficulty was lower, so maintenance was lower.
member
Activity: 113
Merit: 10
December 01, 2015, 06:38:03 AM
When btc was around $300 the s7 maintance was 24% now its $360~ and its just dropped to 22%?!? btw if price go down to $250 its goes up to 30-35-40%
hero member
Activity: 616
Merit: 500
December 01, 2015, 06:01:31 AM
China does most of the mining and also trading of coins. So, expect Bitcoin price to be pretty range bound looking forward. Of course the range will rise with higher difficulty, the bottom of the range will be profitably above the cost of production.

The range this year until recently was ca. 220-300, the new one being presently formed may be about 320-400 or thereabouts. It´s difficult to estimate this exactly, if difficulty continues ballooning, it can all change quickly.
legendary
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December 01, 2015, 03:02:12 AM
Still I m surprised China can deliver so much hash over such a short period of time.

20% on this base is huge number of new farms or old hash being online due to the price increase.

However, that s the market, if you cannot play with the big boys, stay out.
hero member
Activity: 616
Merit: 500
November 30, 2015, 07:38:24 PM
S5 again at bargain prices even considering another +10% diff jump next period. But the question is how many +10% diff changes are yet to come  Shocked

Yeah it makes no sense to buy it now. There's too much hash coming online.

I will wait for 1Th to be 0.4 BTC before I will buy on the market.

With so much sell orders on the market, the price will be reach there before friday. It's weird right. When bitcoin was at 250 dollars 1.5 months ago, the price was 1.1 BTC. How fast can it change.
sr. member
Activity: 406
Merit: 250
November 30, 2015, 05:49:44 PM
S5 again at bargain prices even considering another +10% diff jump next period. But the question is how many +10% diff changes are yet to come  Shocked

Yeah it makes no sense to buy it now. There's too much hash coming online.

I will wait for 1Th to be 0.4 BTC before I will buy on the market.
sr. member
Activity: 346
Merit: 250
psygambler
November 30, 2015, 02:03:28 PM
How come it says in the shop
Miner Sales

1.     The price of miner sales is fixed at US Dollor. The CoinDesk BPI price is used to determine a real-time bitcoin price.

But it's not fixed to usd? The price is $300 higher then it was 2 days ago. It was $1860 then and now $2099


It's fixed at USD for short term purposes, but it doesn't say they can't increase or decrease the fixed USD amount if bitcoin prices swing a good bit either direction.

They have typically always adjusted the shop prices based on btc swings over $15(roughly).  They don't want to devalue their new miner that quickly, and they also don't mind mining for themselves while those S7 sit in the shop on Hashnest.

That sucks, because i was waiting on buying them cheap with btc now that the btc price is going up ;P but then i can drop that thought ;P lol
legendary
Activity: 1174
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November 30, 2015, 09:54:14 AM
How come it says in the shop
Miner Sales

1.     The price of miner sales is fixed at US Dollor. The CoinDesk BPI price is used to determine a real-time bitcoin price.

But it's not fixed to usd? The price is $300 higher then it was 2 days ago. It was $1860 then and now $2099


It's fixed at USD for short term purposes, but it doesn't say they can't increase or decrease the fixed USD amount if bitcoin prices swing a good bit either direction.

They have typically always adjusted the shop prices based on btc swings over $15(roughly).  They don't want to devalue their new miner that quickly, and they also don't mind mining for themselves while those S7 sit in the shop on Hashnest.
sr. member
Activity: 346
Merit: 250
psygambler
November 30, 2015, 09:08:43 AM
How come it says in the shop
Miner Sales

1.     The price of miner sales is fixed at US Dollor. The CoinDesk BPI price is used to determine a real-time bitcoin price.

But it's not fixed to usd? The price is $300 higher then it was 2 days ago. It was $1860 then and now $2099

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