Topic: HASHNEST Discussion and Support Thread - page 191. (Read 660097 times)

I hope we get more news about S6 soon and it has great ROI, as the S5/S4 ROI is a bit long, most of a year (250 to 270 days).
But at the moment I am still buying up whole units eg. 1155 - S5, as if anything happens (can never tell the future) I can do a hardware redeem and get my own miner and either sell it or mine it myself.

I will bet that S6 will be priced so it has longer ROI than current machines - the argument will be it is more effective so it can mine longer and at lower BTC price

I hope we get more news about S6 soon and it has great ROI, as the S5/S4 ROI is a bit long, most of a year (250 to 270 days).
But at the moment I am still buying up whole units eg. 1155 - S5, as if anything happens (can never tell the future) I can do a hardware redeem and get my own miner and either sell it or mine it myself.

Got in touch with this service a while back, and yesterday invested a little bit into it, looking foward to a new Pacmic contract sale or a new miner coming to the service (should take some months), do you guys still recommend buying a hole S5 unit?

Good luck I say to you then, I hope we all make a profit.  I will try to get my spreadsheet into google docs and clean it up a bit later.

I linked to the math, above.  I'll do it again in longer form: http://nextdifficulty.com/#roi.  Difficulty has zero bearing in this, as we're working with the cost of each GH unit, which will mine exactly the same coin regardless of which chip you are using.

The important factors are the market price per GH of both machines, the cost of electricity (maintenance fees) and the take home after we remove the maintenance fees (which are converted from USD, so you have to take the conversion into account as well, it obviously changes daily).  The S4 will return (based on current market price and maintenance fees) your original investment sooner than the same math on the S5.  You're paying a premium to use the latest gear, which doesn't make sense to me in a cloud mining environment.

In the long run the maintenance fee will knock the S4 off the curve, but currently it's the best bang per GH at the current market price.  If the fees increase because BTC drops, or if the market price increases substantially, then the S4 doesn't makes sense.  That is not the case right now.

Either way, you do you.  My ego can handle it, I promise. 

Actually, I ran all the numbers based on the current price and maintenance charges for various difficulty percent changes, and every single time the S5 had higher payouts in the long run.  So you are right, the math tells the correct tail.  By your logic btw, the S3 is better than the S4 based on current price and maintenance fee.

Also, I asked for you to show your math on why the S4 is more profitable, but you haven't, if your only basing it off of the fact that the maintenance fee is not off in the same proportion as the price, then you are not capturing the whole picture and will not make as much money as you can in the long run.

The S5 is more efficient, and therefore more profitable, only if you are are personally hosting the miners.  If, however, you are purchasing the GH from Hashnest, the S4 is more profitable because the price per GH and the cost of maintenance is currently less than that of the S5.  You can feel free to disagree, but the neat thing about Bitcoin is that its reality is dictated by math and nothing else. ;-)

If you feel renting S5 hashrate makes you feel fancier, have at it.  When it becomes more profitable to use S5s on Hashnet, I'll move my holdings to that column.  Until then, it's the S4 (and the math) that adds up for me.

The S5 is more efficient, and therefore more profitable, only if you are are personally hosting the miners.  If, however, you are purchasing the GH from Hashnest, the S4 is more profitable because the price per GH and the cost of maintenance is currently less than that of the S5.  You can feel free to disagree, but the neat thing about Bitcoin is that its reality is dictated by math and nothing else. ;-)

If you feel renting S5 hashrate makes you feel fancier, have at it.  When it becomes more profitable to use S5s on Hashnet, I'll move my holdings to that column.  Until then, it's the S4 (and the math) that adds up for me.

not really, there is a pretty clear winner no matter what difficulty adjustments are.  Its the S5 in case anyone is wondering.

I am sure when the S6 comes out there will be a temporary decrease in price, but it will jump back to the level it should be at quickly since the price of the other offerings don't really rely on the price of any other offering.

It s more less the same in terms of profitability. The only issue is which of these two will be impacted more when S6 gets out in terms of price.

In order words, which miner ll suffer more price reduction.

Care to show why its more profitable than the S5? because I would have to disagree with your statement.

Agreed.  It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee.  It will be a while before it gets phased out, unless BTC prices drop significantly.

I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet

Hellow!
Tell me please how can I buy a used S4 on the cloud and order its delivery to Russia ?

Miner Redemption

1.    If due to falling bitcoin exchange rate or increase in mining difficulty, the electricity fee is greater than 90% of mining revenues, mining contracts on Hashnest will enter a “redemption waiting period”.

2.    As we do our best to keep mining contracts profitable, during this waiting period, revenues will be paid out according to the PPS method.

3.    If owing to a rising exchange rate, the ratio of electricity fees to PPS payout is lower than 90% for a period of ten continuous days, then mining contracts will revert back to the PPLNS method.

4.    During this waiting period, if electricity fees are greater than revenues for a sustained period of ten continuous days, Hashnest reserves the right to retire the machines. When machines are retired, a user’s contract will then enter into the “hardware redemption period”.

5.    Prior to a machine entering into this hardware redemption period, Hashnest will not accept any requests for hardware redemption.

6.    During the hardware redemption period, users are given a period of fifteen days during which requests for hardware redemption must be made.

7.    Customers holding enough GH/s to constitute an entire machine of the associated type (e.g., 1155 GH/s of Antminer S5) are eligible to convert that amount of GH/s into the used unit of the associated type. If a user does not have enough GH/s of the associated kind to exchange for actual hardware, then this user is not eligible for hardware redemption.