HASHNEST Discussion and Support Thread - page 164.

Tigggger

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Quote from: DebitMe on September 07, 2015, 09:42:55 AM

I had figured they shut them down a long while ago when they could replace them with the S5's when they came out. Why run S2's when you can run more efficient machines using smaller spaces? They probably just stored them all in a corner of the facility and let the newer machines mine for the older hash assets.

Indeed, which was also another nice revenue stream for them given the difference in maintenance rates. Not that there is anything wrong with this, people bought at at the advertised rate.

DebitMe

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Quote from: pumawolf on September 07, 2015, 02:07:34 AM

Quote from: crazyivan on September 07, 2015, 01:47:31 AM

Quote from: DebitMe on September 06, 2015, 11:26:24 PM

Quote from: Lituation on September 06, 2015, 04:31:09 PM

Quote from: PeaMine on September 06, 2015, 04:17:46 PM

Should S2 be profitable again?
Or did the difficulty increase basically increase with the BTC value at the same rate;we're at $241 right now and still 108% maint fee
Glad the value is going back up at least.

I don't think so. It's obsolete technology, they will shut them down in near future. Bitcoin have to pass 300$ quickly or they will be trash/junk/collectors item.

They are already shut down. You cannot buy S2 or UMISOO on the market and they are currently in their redemption period. They will not be coming back onto Hashnest.

Well S2 and Umisoo are obsolete miners, shutting them down was just a question of time.
However, I don't see Hashnest total hash go down due to this shut down. How come?

im guessing they turn them off when they enter pps mode and just used the room for more efficient miners, and just payed the pps shares out of there own act . s3 s4 will prob follow the same process.

I had figured they shut them down a long while ago when they could replace them with the S5's when they came out. Why run S2's when you can run more efficient machines using smaller spaces? They probably just stored them all in a corner of the facility and let the newer machines mine for the older hash assets.

pumawolf

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Quote from: crazyivan on September 07, 2015, 01:47:31 AM

Quote from: DebitMe on September 06, 2015, 11:26:24 PM

Quote from: Lituation on September 06, 2015, 04:31:09 PM

Quote from: PeaMine on September 06, 2015, 04:17:46 PM

Should S2 be profitable again?
Or did the difficulty increase basically increase with the BTC value at the same rate;we're at $241 right now and still 108% maint fee
Glad the value is going back up at least.

I don't think so. It's obsolete technology, they will shut them down in near future. Bitcoin have to pass 300$ quickly or they will be trash/junk/collectors item.

They are already shut down. You cannot buy S2 or UMISOO on the market and they are currently in their redemption period. They will not be coming back onto Hashnest.

Well S2 and Umisoo are obsolete miners, shutting them down was just a question of time.
However, I don't see Hashnest total hash go down due to this shut down. How come?

im guessing they turn them off when they enter pps mode and just used the room for more efficient miners, and just payed the pps shares out of there own act . s3 s4 will prob follow the same process.

crazyivan

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Quote from: DebitMe on September 06, 2015, 11:26:24 PM

Quote from: Lituation on September 06, 2015, 04:31:09 PM

Quote from: PeaMine on September 06, 2015, 04:17:46 PM

Should S2 be profitable again?
Or did the difficulty increase basically increase with the BTC value at the same rate;we're at $241 right now and still 108% maint fee
Glad the value is going back up at least.

I don't think so. It's obsolete technology, they will shut them down in near future. Bitcoin have to pass 300$ quickly or they will be trash/junk/collectors item.

They are already shut down. You cannot buy S2 or UMISOO on the market and they are currently in their redemption period. They will not be coming back onto Hashnest.

Well S2 and Umisoo are obsolete miners, shutting them down was just a question of time.
However, I don't see Hashnest total hash go down due to this shut down. How come?

DebitMe

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Quote from: Lituation on September 06, 2015, 04:31:09 PM

Quote from: PeaMine on September 06, 2015, 04:17:46 PM

Should S2 be profitable again?
Or did the difficulty increase basically increase with the BTC value at the same rate;we're at $241 right now and still 108% maint fee
Glad the value is going back up at least.

I don't think so. It's obsolete technology, they will shut them down in near future. Bitcoin have to pass 300$ quickly or they will be trash/junk/collectors item.

They are already shut down. You cannot buy S2 or UMISOO on the market and they are currently in their redemption period. They will not be coming back onto Hashnest.

Lituation

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Quote from: PeaMine on September 06, 2015, 04:17:46 PM

Should S2 be profitable again?
Or did the difficulty increase basically increase with the BTC value at the same rate;we're at $241 right now and still 108% maint fee
Glad the value is going back up at least.

I don't think so. It's obsolete technology, they will shut them down in near future. Bitcoin have to pass 300$ quickly or they will be trash/junk/collectors item.

PeaMine

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Should S2 be profitable again?
Or did the difficulty increase basically increase with the BTC value at the same rate;we're at $241 right now and still 108% maint fee
Glad the value is going back up at least.

galdur

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Quote from: cloh76 on September 03, 2015, 01:11:33 AM

Is Hashnest down?

Yeah, it was down with a weird message, like This is Hashnest 500 we have a problem.

But whatever it was it,s back up again so I guess problem solved.

cloh76

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Is Hashnest down?

chmick

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Quote from: ingiltere on September 02, 2015, 10:44:37 AM

Quote from: yeponlyone on September 02, 2015, 12:11:25 AM

Quote from: pumawolf on September 01, 2015, 10:39:29 PM

who are these dummies still buying from the shop i see a couple bought everyday. it better be the newbeus of newbies, no excuses if u been here already.

What do you mean by "the shop"...? The one where you can buy S5s? Well, I think they going to be profitable quite awhile and $1800 is a lot of money for most people. I'm really impressed that they only weigh 4kg though. Wounder if/when they will be available on a market, as their other machines. Any rumors?

He's talking about something else. When you can buy same amount of hash power in market why would you want to buy for more price in shop? He's asking this.

I think nobody bought the miner in the shop . I ve the feeling hashnest discretly dumping the 1000 S5 on the market .

ingiltere

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Quote from: yeponlyone on September 02, 2015, 12:11:25 AM

Quote from: pumawolf on September 01, 2015, 10:39:29 PM

who are these dummies still buying from the shop i see a couple bought everyday. it better be the newbeus of newbies, no excuses if u been here already.

What do you mean by "the shop"...? The one where you can buy S5s? Well, I think they going to be profitable quite awhile and $1800 is a lot of money for most people. I'm really impressed that they only weigh 4kg though. Wounder if/when they will be available on a market, as their other machines. Any rumors?

He's talking about something else. When you can buy same amount of hash power in market why would you want to buy for more price in shop? He's asking this.

DebitMe

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Quote from: dance191 on September 02, 2015, 12:07:58 AM

Regarding redeeming UMISOO/S2s, has anyone looked into loading a bunch of these into a shipping container and sending it via sea freight? HashNest charges $50 to box each S2, then another $65 to ship it domestically in China. Is there any way to get those costs down?

If you could get just the single $50 boxing charge and then load up a shipping container I could see it making sense. But, if they also charge you $65 to ship that box to a point you can just put it in a container, then it gets a little silly.

Seams like to me, if you owned the miner at the end, you should *own* the miner and you can do with it as you want. Is this not the case?

Bitmain has been very up front about the costs associated with miner redemption since the asset was released. They have always said there would be a handling fee and shipping fees. Anyone who didn't read the ToS and didn't understand the asset they were buying deserves to be in whatever position they are currently in.

yeponlyone

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By the way, BITMAIN's Jihan Wu did an interview for Bitcoinist published September 1st. Here it is:

http://bitcoinist.net/exclusive-interview-jihan-wu-bitmain-s7-block-size-debate/

yeponlyone

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Quote from: pumawolf on September 01, 2015, 10:39:29 PM

who are these dummies still buying from the shop i see a couple bought everyday. it better be the newbeus of newbies, no excuses if u been here already.

What do you mean by "the shop"...? The one where you can buy S5s? Well, I think they going to be profitable quite awhile and $1800 is a lot of money for most people. I'm really impressed that they only weigh 4kg though. Wounder if/when they will be available on a market, as their other machines. Any rumors?

dance191

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Regarding redeeming UMISOO/S2s, has anyone looked into loading a bunch of these into a shipping container and sending it via sea freight? HashNest charges $50 to box each S2, then another $65 to ship it domestically in China. Is there any way to get those costs down?

If you could get just the single $50 boxing charge and then load up a shipping container I could see it making sense. But, if they also charge you $65 to ship that box to a point you can just put it in a container, then it gets a little silly.

Seams like to me, if you owned the miner at the end, you should *own* the miner and you can do with it as you want. Is this not the case?

pumawolf

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who are these dummies still buying from the shop i see a couple bought everyday. it better be the newbeus of newbies, no excuses if u been here already.

galdur

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With bitcoin down in the dumps this old gear is defunct of course. But if it manages to get to 300 and hold or even build on that it,ll be a very different picture. So, stuff being virtually given away now could be pretty useful at a later date. Free of charge or practically so is always good.

anamichii

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Global economic crisis? i hold my bitcoin..

my redeem cost is $291.0 for one antminer s2 with no guarantee of the quality or remaining life of a machine and guarantee that every redeemed machine will operate.
it's so expensive for a bunch of brick with 1000w power.

jackg

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https://bit.ly/387FXHi lightning theory

Quote from: cesmak on September 01, 2015, 08:53:52 AM

UMISOO and S2, contract are suspended and probably near the final dissolution....

S3 is rantling and S4 so so... S5 is the more efficent, but if you hope to wait 480 days to roi you will be burned.... the "real" business is to sell S5 shares at a certain moment, when will worth enough to cover roi with the mining earns taken during the period of time you hold the power, or, better at all, do buys and sells on market continuosly using climb and slip on the market price....

But it's a hard work indeed....

Hashnest.com are offering a redemption period to get your miners delivered to you (but at a cost of at least $50 per machine to process order and cover postage costs!)

crazyivan

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Quote from: jackg on September 01, 2015, 08:25:20 AM

does anyone know what a PACMiC is on hashnest and what you gain from buing one from 0.666 btc

Yes we do. Since you re obviously too lazy to read about it, I am also too lazy to spoon-feed u info about it.

Topic: HASHNEST Discussion and Support Thread - page 164. (Read 660097 times)