HASHNEST Discussion and Support Thread - page 15.

hashnest

member

Activity: 400

Merit: 13

Quote from: digifluent on October 19, 2020, 04:13:23 PM

After watching the Z11 payouts for a while, my leading theory is that the maintenance fee is being multiplied against the payout twice.

For example:
Current 265 units of Z11 payout would be in the range of 0.2235 ZEC
Current maintenance fee is 31.31%, 0.2235 * (1-0.3131) = 0.1535, a number fairly close to the disbursement number Z11 overview page shows as USDT (for some reason)
The maintenance fee appears listed in addition to this at the top of the Z11 market overview.
0.2235 * (1-0.3131)^2 = 0.10545 ZEC, roughly the amount that I get in payment each 24 hrs.

I will start tracking the exact numbers to see if this is accurate.

Electricity fee varies according to hashrates. As many Z11 units have run more than one year, the hashrates are not enough, many units need to repair. This is the challenge of permanent hashrates. We are working on it to repair those miners. Just moving make things worse. We seek your kind understanding.

hashnest

member

Activity: 400

Merit: 13

First batch of Z15 is sold out. Thank you all for your kind support.

Hashrates will be credited to you account in 10 days from the date of purchase.

New batch of Z15 will be released soon. Order will be on first come first serve basis. Don't miss out!

Happy mining!
Hashnest

digifluent

newbie

Activity: 12

Merit: 1

After watching the Z11 payouts for a while, my leading theory is that the maintenance fee is being multiplied against the payout twice.

For example:
Current 265 units of Z11 payout would be in the range of 0.2235 ZEC
Current maintenance fee is 31.31%, 0.2235 * (1-0.3131) = 0.1535, a number fairly close to the disbursement number Z11 overview page shows as USDT (for some reason)
The maintenance fee appears listed in addition to this at the top of the Z11 market overview.
0.2235 * (1-0.3131)^2 = 0.10545 ZEC, roughly the amount that I get in payment each 24 hrs.

I will start tracking the exact numbers to see if this is accurate.

ComaWombat

member

Activity: 89

Merit: 11

It's pretty tragic to watch this show. 150 units of Z11 miners in shop at 999 USDT each while the aftermarket is flooded with 150 000 USDT worth of sell orders at 675 USDT per whole unit. Only a month back miners were disappearing from the shop as if people were buying them at insanely inflated prices compared to buying them "cheap" at the market. Makes me think that admins were dumping the miners directly to the market to get revenue or a lot of people were completely braindead. Well, now there are no more buyers at the market unless they plan to hold their hashrate until the end of time or the floor price gets lowered and the market price crashes.

And the Z15? Zcash halvening is a month away and people are buying hashpower that they can't sell away at 4000 USDT each. That's quite a gamble. In the past you could buy freshly released miners from the shop and dump them at the market for crazy prices. Or you could buy hashrate, mine for several months and sell the hashrate at the same price or sometimes even higher than what you paid for. Seems those days are gone.

It's almost as if Hashnest is run by some rogue prototype artificial intelligence which is completely out of touch with reality and people are still taking part in this.

hashnest

member

Activity: 400

Merit: 13

#Z15 miners now are available at https://hashnest.com/hash/shopitem?hc_id=62, the most profitable Antminer Z15, can miner #Zcash #ZEC, estimated daily profit US$22.5. Go and start your cloud mining today!
Price is US$3999 per unit. Limited quantity, fast finger first!

mercedes321

jr. member

Activity: 504

Merit: 1

Z11 is preety realistic, payout will decrease after halving, and also when no more rainny season,...but i still plan to add little each month, best miner ROI atm.

PeaMine

hero member

Activity: 979

Merit: 510

When will Z11 payouts be fixed so they payout what they should?
Currently they are only paying out 53% of what they should be, and this is before the electricity and pool fee.

hashnest

member

Activity: 400

Merit: 13

Quote from: hotcoin010309 on October 10, 2020, 08:03:41 AM

Hello, why is the ZEC wallet under maintenance this week? I could only withdraw 2 times in the last week.
Thank you

Can withdraw now, please try again.

hotcoin010309

member

Activity: 123

Merit: 14

Hello, why is the ZEC wallet under maintenance this week? I could only withdraw 2 times in the last week.
Thank you

mercedes321

jr. member

Activity: 504

Merit: 1

i remember at the end of the bull trend in 2018, 1 L3 was worth 3K each,..am thinking that Z11 could get to 3K each... Grin

Dabus

newbie

Activity: 27

Merit: 1

Quote

For example Z11 obviously wants to go lower than 5 USDT each, so why prevent people from selling lower?

Cause hashnest needs people with money that will able to buy Z15 or some other asics and they don't need poor people that in panic was sold everything for 0,001$ per */hs

PeaMine

hero member

Activity: 979

Merit: 510

Quote from: hashnest on October 08, 2020, 03:55:46 AM

The power of our mining farm has been restored on Beijing time 8 Oct, 2.30pm. Payouts of S19，S17，Z11 and U6 will be allocated tomorrow.

Thank you for kind understanding.

HashNest

Happy to hear. I have a negative balance on my mining income, I feel like we shouldn't be charged for power when no profit is being made?
Also why is there an artificial minimum set for each miner market?
For example Z11 obviously wants to go lower than 5 USDT each, so why prevent people from selling lower? It would lead to more trades which equals more trade fee profits for you, and happier customers.
Win Win situation for us.

hashnest

member

Activity: 400

Merit: 13

The power of our mining farm has been restored on Beijing time 8 Oct, 2.30pm. Payouts of S19，S17，Z11 and U6 will be allocated tomorrow.

Thank you for kind understanding.

HashNest

hashnest

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Activity: 400

Merit: 13

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1. Create an account on http://hashnest.com
2. Min. invest US$500, get 0.0462% daily rate interest in #BTC .
Current APY: 16.8%
Low risk and high profit. Relax and make your money work for you! 🏖
https://hashnest.com/hash/contract?id=1

hashnest

member

Activity: 400

Merit: 13

We are sorry to advise that, as notified by power supplier of one of our mining farms, there has been a disruption of power supply on Beijing time 6 Oct 2020, 2pm. All miners have been affected, except K5. Mining payout will be affected today. We are investigating, power restored time will be announced later.

We deeply apologise for the inconveniences this may cause.

HashNest
7 Oct 2020

hashnest

member

Activity: 400

Merit: 13

Quote from: hotcoin010309 on October 06, 2020, 12:57:22 AM

When do you activate the internal cryto-usdt exchange? The usdt erc20 transaction fees are too high !! 4 usdt to move 60usdt is too much.

We are very sorry, due to policy reason, may not able to release that soon.

PeaMine

hero member

Activity: 979

Merit: 510

Quote from: hotcoin010309 on October 06, 2020, 12:57:22 AM

When do you activate the internal cryto-usdt exchange? The usdt erc20 transaction fees are too high !! 4 usdt to move 60usdt is too much.

Also curious about this.
It would also benefit hashnest as the fees would be a nice profit.

hotcoin010309

member

Activity: 123

Merit: 14

When do you activate the internal cryto-usdt exchange? The usdt erc20 transaction fees are too high !! 4 usdt to move 60usdt is too much.

hashnest

member

Activity: 400

Merit: 13

Hashnest will be undergoing service maintenance on 30 September 2020 from 00:00 to 24:00, Beijing time (GMT +8). During this period, our website and APP will be unavailable. All pending orders will be cancelled. Payout allocation will not be affected as we undergo maintenance.

Your kind understanding is appreciated!

hashnest

member

Activity: 400

Merit: 13

Quote from: digifluent on September 16, 2020, 01:56:37 PM

I understand that the disaster that hit has caused a lot of problems in the area of where the mining centers are located, but there has only been one message here and one mining disbursement in the last 25 days, and the most recent notification on Hashnest was back on Sept 2, 2020 saying that their power was coming back on, and that the Z11 among others would be mining again.

I am trying to be patient and wait for updates, but if we reach 30 days without any word or update then I will be compelled to divest from Hashnest instead of continuing to do business with them.

Sorry for updating later here. The power of our mining farm in SiChuan has been restored on 2 Sep. Payouts of S19，S17，55W，Z11 and U6 has been allocated on 3 Sep.

This is our announcement.
https://support.hashnest.com/hc/en-us/articles/900002445446-Announcement-105-Power-restored

Topic: HASHNEST Discussion and Support Thread - page 15. (Read 660097 times)