Topic: HASHNEST Discussion and Support Thread - page 183. (Read 660097 times)

Quote from: DebitMe on June 22, 2015, 01:12:05 PM

It seems to me that the S4 market hash is more profitable than the S5, perhaps due to the cheaper per hash price...

According to conwarz calculator, S4, at current hash rates of 0.00086799 BTC at $245 per BTC, the S4 is supposed to break even in 252.63 days and make profit of $613.09 after one year. That's $187.77 profit after break even.
187.77 / 424.34 = 44.25% profit, the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1400.00&pc=0.0976&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=424.34

On the other hand the S5 market price hash of 0.00145 BTC, the S5 is supposed to break even after 283.18 Days and make profit of $528.47. That is a profit of $118.47 after break even.
118.47 / 410 = 28.90% profit the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1155.00&p=590.00&pc=0.10&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=410

Am I correct?

You need to account for the fact that the S5 will last longer than the S4. So once the S4 is shut down, the S5 will continue to hash, and I actually deleted my original spreadsheet, but for a fair bit longer than the S4. But, based on my calculations, the S5 is a better choice. Now we have had some difficulty changes and price changes and I would have to do my calcs, but I would bet that the S5 is still the better deal.

Although something I did not totally account for was resale value. This could play a big part, but shipping costs are also important. Do I understand it correctly that it is a $50 shipping fee when the miners are finally shipped to you? Is that the amount for both the S4 and the S5?

You will want an official answer but I think the 50 dollars is a handling fee, then you have a shipping fee on top. I could be wrong but it makes it cost prohibitive anywhere outside of China unless you have free electric pretty much. Then again if you had free electric you wouldn't have cloud

Anyways just a heads up that you will want to make sure if that is 50 shipping or 50 handling + shipping.

Edit ---

Hardware Redemption: a) When the contract is terminated, you may choose to have the physical hardware shipped to yourself; b) 1155 GH/s = one S5 machine; c) Users must bear shipping and handling cost of having machines sent to them; d) User is purchasing used hardware, the quality and hashrate of miners delivered to users cannot be guaranteed

But maybe that is total of 50? Another reason I think the 50 is just the handling is because the shipping cost would be very different from an s2 or s4 versus a s5 or s3. Different weights and dimensions.

I started reading the contract a little closer. And you seem to be right that the $50 is a handling fee only (What a ripoff in the first place). Then you have to pay for actual shipping costs as well. If they are anything like Bitmain's shipping, it will be around another $40 per unit. So, once the hardware is not profitable to run anymore, it will cost you another at least $90 just to ship it to you. Then if you want to sell it, you will have to pay shipping again, which in the U.S. I have found to be around $25 per unit. That brings the total to about $115 per unit, just to break even once it is not profitable to run anymore. And that is just the S5.

The S4 will cost the $50 handling fee, then, as per Bitmain's website, another roughly $125 to ship it to you. I have shipped S2's around the U.S. for about $60 per unit, so once that is added on it is $185 per unit.

We can compare the future value of the S5 to the current value of the S3 which is going for about $120 on Amazon. Once you subtract out fees charged by Amazon, it is actually cheaper to just let Hashnest keep the miner, then having to pay for shipping and handling fees.

I thought the shipping after contract expiration applies only to purchased S5 from the contracts section, doesn't it? Does it also apply to buying hashes from the market?

No it applies to any hash that you can buy on their market. When you are buying hash, you are buying a part of an actual machine. If you have enough hash to cover an entire machine, they will let you have one if you pay for the shipping and handling fees.

hroub

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Activity: 378

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Quote from: chunkyjunkie on June 22, 2015, 12:06:01 PM

Quote from: chunkyjunkie on June 22, 2015, 12:06:01 PM

It seems to me that the S4 market hash is more profitable than the S5, perhaps due to the cheaper per hash price...

According to conwarz calculator, S4, at current hash rates of 0.00086799 BTC at $245 per BTC, the S4 is supposed to break even in 252.63 days and make profit of $613.09 after one year. That's $187.77 profit after break even.
187.77 / 424.34 = 44.25% profit, the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1400.00&pc=0.0976&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=424.34

On the other hand the S5 market price hash of 0.00145 BTC, the S5 is supposed to break even after 283.18 Days and make profit of $528.47. That is a profit of $118.47 after break even.
118.47 / 410 = 28.90% profit the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1155.00&p=590.00&pc=0.10&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=410

Am I correct?

You need to account for the fact that the S5 will last longer than the S4. So once the S4 is shut down, the S5 will continue to hash, and I actually deleted my original spreadsheet, but for a fair bit longer than the S4. But, based on my calculations, the S5 is a better choice. Now we have had some difficulty changes and price changes and I would have to do my calcs, but I would bet that the S5 is still the better deal.

Although something I did not totally account for was resale value. This could play a big part, but shipping costs are also important. Do I understand it correctly that it is a $50 shipping fee when the miners are finally shipped to you? Is that the amount for both the S4 and the S5?

You will want an official answer but I think the 50 dollars is a handling fee, then you have a shipping fee on top. I could be wrong but it makes it cost prohibitive anywhere outside of China unless you have free electric pretty much. Then again if you had free electric you wouldn't have cloud

Anyways just a heads up that you will want to make sure if that is 50 shipping or 50 handling + shipping.

Edit ---

Hardware Redemption: a) When the contract is terminated, you may choose to have the physical hardware shipped to yourself; b) 1155 GH/s = one S5 machine; c) Users must bear shipping and handling cost of having machines sent to them; d) User is purchasing used hardware, the quality and hashrate of miners delivered to users cannot be guaranteed

But maybe that is total of 50? Another reason I think the 50 is just the handling is because the shipping cost would be very different from an s2 or s4 versus a s5 or s3. Different weights and dimensions.

I started reading the contract a little closer. And you seem to be right that the $50 is a handling fee only (What a ripoff in the first place). Then you have to pay for actual shipping costs as well. If they are anything like Bitmain's shipping, it will be around another $40 per unit. So, once the hardware is not profitable to run anymore, it will cost you another at least $90 just to ship it to you. Then if you want to sell it, you will have to pay shipping again, which in the U.S. I have found to be around $25 per unit. That brings the total to about $115 per unit, just to break even once it is not profitable to run anymore. And that is just the S5.

The S4 will cost the $50 handling fee, then, as per Bitmain's website, another roughly $125 to ship it to you. I have shipped S2's around the U.S. for about $60 per unit, so once that is added on it is $185 per unit.

We can compare the future value of the S5 to the current value of the S3 which is going for about $120 on Amazon. Once you subtract out fees charged by Amazon, it is actually cheaper to just let Hashnest keep the miner, then having to pay for shipping and handling fees.

I thought the shipping after contract expiration applies only to purchased S5 from the contracts section, doesn't it? Does it also apply to buying hashes from the market?

amelen

full member

Activity: 165

Merit: 100

By the time the S5 is using more electricity (maintenance) than it produces, it's probably not worth the hassle to ship and re-sell. I've been considering a $0 terminal value for calculation purposes.

DebitMe

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Activity: 2800

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Get Paid Crypto To Walk or Drive

It seems to me that the S4 market hash is more profitable than the S5, perhaps due to the cheaper per hash price...

According to conwarz calculator, S4, at current hash rates of 0.00086799 BTC at $245 per BTC, the S4 is supposed to break even in 252.63 days and make profit of $613.09 after one year. That's $187.77 profit after break even.
187.77 / 424.34 = 44.25% profit, the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1400.00&pc=0.0976&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=424.34

On the other hand the S5 market price hash of 0.00145 BTC, the S5 is supposed to break even after 283.18 Days and make profit of $528.47. That is a profit of $118.47 after break even.
118.47 / 410 = 28.90% profit the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1155.00&p=590.00&pc=0.10&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=410

Am I correct?

You need to account for the fact that the S5 will last longer than the S4. So once the S4 is shut down, the S5 will continue to hash, and I actually deleted my original spreadsheet, but for a fair bit longer than the S4. But, based on my calculations, the S5 is a better choice. Now we have had some difficulty changes and price changes and I would have to do my calcs, but I would bet that the S5 is still the better deal.

Although something I did not totally account for was resale value. This could play a big part, but shipping costs are also important. Do I understand it correctly that it is a $50 shipping fee when the miners are finally shipped to you? Is that the amount for both the S4 and the S5?

You will want an official answer but I think the 50 dollars is a handling fee, then you have a shipping fee on top. I could be wrong but it makes it cost prohibitive anywhere outside of China unless you have free electric pretty much. Then again if you had free electric you wouldn't have cloud

Anyways just a heads up that you will want to make sure if that is 50 shipping or 50 handling + shipping.

Edit ---

Hardware Redemption: a) When the contract is terminated, you may choose to have the physical hardware shipped to yourself; b) 1155 GH/s = one S5 machine; c) Users must bear shipping and handling cost of having machines sent to them; d) User is purchasing used hardware, the quality and hashrate of miners delivered to users cannot be guaranteed

But maybe that is total of 50? Another reason I think the 50 is just the handling is because the shipping cost would be very different from an s2 or s4 versus a s5 or s3. Different weights and dimensions.

I started reading the contract a little closer. And you seem to be right that the $50 is a handling fee only (What a ripoff in the first place). Then you have to pay for actual shipping costs as well. If they are anything like Bitmain's shipping, it will be around another $40 per unit. So, once the hardware is not profitable to run anymore, it will cost you another at least $90 just to ship it to you. Then if you want to sell it, you will have to pay shipping again, which in the U.S. I have found to be around $25 per unit. That brings the total to about $115 per unit, just to break even once it is not profitable to run anymore. And that is just the S5.

The S4 will cost the $50 handling fee, then, as per Bitmain's website, another roughly $125 to ship it to you. I have shipped S2's around the U.S. for about $60 per unit, so once that is added on it is $185 per unit.

We can compare the future value of the S5 to the current value of the S3 which is going for about $120 on Amazon. Once you subtract out fees charged by Amazon, it is actually cheaper to just let Hashnest keep the miner, then having to pay for shipping and handling fees.

chunkyjunkie

hero member

Activity: 494

Merit: 500

It seems to me that the S4 market hash is more profitable than the S5, perhaps due to the cheaper per hash price...

According to conwarz calculator, S4, at current hash rates of 0.00086799 BTC at $245 per BTC, the S4 is supposed to break even in 252.63 days and make profit of $613.09 after one year. That's $187.77 profit after break even.
187.77 / 424.34 = 44.25% profit, the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1400.00&pc=0.0976&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=424.34

On the other hand the S5 market price hash of 0.00145 BTC, the S5 is supposed to break even after 283.18 Days and make profit of $528.47. That is a profit of $118.47 after break even.
118.47 / 410 = 28.90% profit the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1155.00&p=590.00&pc=0.10&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=410

Am I correct?

You need to account for the fact that the S5 will last longer than the S4. So once the S4 is shut down, the S5 will continue to hash, and I actually deleted my original spreadsheet, but for a fair bit longer than the S4. But, based on my calculations, the S5 is a better choice. Now we have had some difficulty changes and price changes and I would have to do my calcs, but I would bet that the S5 is still the better deal.

Although something I did not totally account for was resale value. This could play a big part, but shipping costs are also important. Do I understand it correctly that it is a $50 shipping fee when the miners are finally shipped to you? Is that the amount for both the S4 and the S5?

You will want an official answer but I think the 50 dollars is a handling fee, then you have a shipping fee on top. I could be wrong but it makes it cost prohibitive anywhere outside of China unless you have free electric pretty much. Then again if you had free electric you wouldn't have cloud

Anyways just a heads up that you will want to make sure if that is 50 shipping or 50 handling + shipping.

Edit ---

Hardware Redemption: a) When the contract is terminated, you may choose to have the physical hardware shipped to yourself; b) 1155 GH/s = one S5 machine; c) Users must bear shipping and handling cost of having machines sent to them; d) User is purchasing used hardware, the quality and hashrate of miners delivered to users cannot be guaranteed

But maybe that is total of 50? Another reason I think the 50 is just the handling is because the shipping cost would be very different from an s2 or s4 versus a s5 or s3. Different weights and dimensions.

DebitMe

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Activity: 2800

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Get Paid Crypto To Walk or Drive

Quote from: BITMAIN_Rob on June 21, 2015, 12:39:32 PM

It seems to me that the S4 market hash is more profitable than the S5, perhaps due to the cheaper per hash price...

According to conwarz calculator, S4, at current hash rates of 0.00086799 BTC at $245 per BTC, the S4 is supposed to break even in 252.63 days and make profit of $613.09 after one year. That's $187.77 profit after break even.
187.77 / 424.34 = 44.25% profit, the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1400.00&pc=0.0976&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=424.34

On the other hand the S5 market price hash of 0.00145 BTC, the S5 is supposed to break even after 283.18 Days and make profit of $528.47. That is a profit of $118.47 after break even.
118.47 / 410 = 28.90% profit the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1155.00&p=590.00&pc=0.10&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=410

Am I correct?

You need to account for the fact that the S5 will last longer than the S4. So once the S4 is shut down, the S5 will continue to hash, and I actually deleted my original spreadsheet, but for a fair bit longer than the S4. But, based on my calculations, the S5 is a better choice. Now we have had some difficulty changes and price changes and I would have to do my calcs, but I would bet that the S5 is still the better deal.

Although something I did not totally account for was resale value. This could play a big part, but shipping costs are also important. Do I understand it correctly that it is a $50 shipping fee when the miners are finally shipped to you? Is that the amount for both the S4 and the S5?

ajw7989

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Activity: 924

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Quote from: BITMAIN_Rob on June 21, 2015, 11:36:17 AM

Quote from: BITMAIN_Rob on June 21, 2015, 11:06:42 AM

Hashnest app has been released!

download link: https://www.hashnest.com/app

or index page : https://www.hashnest.com scan QR code

I downloaded and installed but could not get it to work. it installs fine and I get past the first screen then it just displays a grey screen. I am running android 5 lollipop on an s5.

sorry i found that android version has a problem。 i will reply when fixed

the ios version has no problem

it fixed , please download again

New Version works great on my android phone. THanks for the quick fix!

hroub

full member

Activity: 378

Merit: 107

BCH Wallet: 1PmR3k4cA4YVy7r7RVgYdSjnon2A1aJSLk

It seems to me that the S4 market hash is more profitable than the S5, perhaps due to the cheaper per hash price...

According to conwarz calculator, S4, at current hash rates of 0.00086799 BTC at $245 per BTC, the S4 is supposed to break even in 252.63 days and make profit of $613.09 after one year. That's $187.77 profit after break even.
187.77 / 424.34 = 44.25% profit, the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=2000.00&p=1400.00&pc=0.0976&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=424.34

On the other hand the S5 market price hash of 0.00145 BTC, the S5 is supposed to break even after 283.18 Days and make profit of $528.47. That is a profit of $118.47 after break even.
118.47 / 410 = 28.90% profit the first year.
http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1155.00&p=590.00&pc=0.10&pf=0.00&d=49692386354.89380000&r=25.00000000&er=245.00000000&hc=410

Am I correct?

BITMAIN_Rob

newbie

Activity: 19

Merit: 0

Quote from: DebitMe on June 21, 2015, 12:44:34 PM

Quote from: BITMAIN_Rob on June 21, 2015, 12:39:32 PM

Quote from: BITMAIN_Rob on June 21, 2015, 11:36:17 AM

Quote from: BITMAIN_Rob on June 21, 2015, 11:06:42 AM

Hashnest app has been released!

download link: https://www.hashnest.com/app

or index page : https://www.hashnest.com scan QR code

I downloaded and installed but could not get it to work. it installs fine and I get past the first screen then it just displays a grey screen. I am running android 5 lollipop on an s5.

sorry i found that android version has a problem。 i will reply when fixed

the ios version has no problem

it fixed , please download again

Sweet, love the app!

thanks

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: BITMAIN_Rob on June 21, 2015, 12:39:32 PM

Quote from: BITMAIN_Rob on June 21, 2015, 11:36:17 AM

Quote from: BITMAIN_Rob on June 21, 2015, 11:06:42 AM

Hashnest app has been released!

download link: https://www.hashnest.com/app

or index page : https://www.hashnest.com scan QR code

I downloaded and installed but could not get it to work. it installs fine and I get past the first screen then it just displays a grey screen. I am running android 5 lollipop on an s5.

sorry i found that android version has a problem。 i will reply when fixed

the ios version has no problem

it fixed , please download again

Sweet, love the app!

BITMAIN_Rob

newbie

Activity: 19

Merit: 0

Quote from: BITMAIN_Rob on June 21, 2015, 11:36:17 AM

Quote from: BITMAIN_Rob on June 21, 2015, 11:06:42 AM

Hashnest app has been released!

download link: https://www.hashnest.com/app

or index page : https://www.hashnest.com scan QR code

I downloaded and installed but could not get it to work. it installs fine and I get past the first screen then it just displays a grey screen. I am running android 5 lollipop on an s5.

sorry i found that android version has a problem。 i will reply when fixed

the ios version has no problem

it fixed , please download again

Ecnad

sr. member

Activity: 311

Merit: 250

Very nice iOS app. Can track my hash income, buy and sell hash and do wallet transactions from my phone.

BITMAIN_Rob

newbie

Activity: 19

Merit: 0

we had fixed android version please download again

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: cloh76 on June 21, 2015, 12:09:30 PM

Downloaded the app on IOS. Nice - I like it.

What are its features/what can it do? I am with the above group who are having problems getting it to run unfortunately.

cloh76

sr. member

Activity: 318

Merit: 250

Downloaded the app on IOS. Nice - I like it.

TracerX

hero member

Activity: 918

Merit: 1002

Quote from: BITMAIN_Rob on June 21, 2015, 11:36:17 AM