HASHNEST Discussion and Support Thread - page 229.

DARKANGEL6415

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Quote from: Xian01 on February 12, 2015, 10:55:53 AM

Quote from: xstr8guy on February 12, 2015, 10:09:27 AM

And just because the price of BTC is down or the difficulty is up, doesn't mean that they can continue to reduce the cost of mining gear. It was inevitable that it would get to this point.

As Jesse Pinkman would say... "It's economics, bitch!"

Corollary: Don't wonder why the peasants are sharpening their pitchforks and lighting their torches when pricing is increased. Mining gear should never, EVER, become more expensive to buy new, the longer it is out.

i got my shinny new pitch fork all ready to go my old one just broke but i still love hashnest they done me good for so long

DARKANGEL6415

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Quote from: xstr8guy on February 12, 2015, 10:09:27 AM

You whiny bitches are really pissing me off, lol. The price can only go so low before Bitmain stops making a profit.

This isn't a charity nor a communist organization. Profit keeps companies alive. So don't ever expect a company to sell products below their cost to manufacturer. An S5 (or whatever) costs X dollars to produce. And just because the price of BTC is down or the difficulty is up, doesn't mean that they can continue to reduce the cost of mining gear. It was inevitable that it would get to this point.

As Jesse Pinkman would say... "It's economics, bitch!"

i agree now let me pay with my credit card and not bitcoins lol

Wings1987

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Quote from: xstr8guy on February 12, 2015, 10:09:27 AM

You whiny bitches are really pissing me off, lol. The price can only go so low before Bitmain stops making a profit.

This isn't a charity nor a communist organization. Profit keeps companies alive. So don't ever expect a company to sell products below their cost to manufacturer. An S5 (or whatever) costs X dollars to produce. And just because the price of BTC is down or the difficulty is up, doesn't mean that they can continue to reduce the cost of mining gear. It was inevitable that it would get to this point.

As Jesse Pinkman would say... "It's economics, bitch!"

Or more importantly. They can only sell for what people are willing to pay. If $xx is too expensive to ROI on a home miner than don't buy one. Simple.

Xian01

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Christian Antkow

Quote from: xstr8guy on February 12, 2015, 10:09:27 AM

And just because the price of BTC is down or the difficulty is up, doesn't mean that they can continue to reduce the cost of mining gear. It was inevitable that it would get to this point.

As Jesse Pinkman would say... "It's economics, bitch!"

Corollary: Don't wonder why the peasants are sharpening their pitchforks and lighting their torches when pricing is increased. Mining gear should never, EVER, become more expensive to buy new, the longer it is out.

xstr8guy

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Glow Stick Dance!

You whiny bitches are really pissing me off, lol. The price can only go so low before Bitmain stops making a profit.

This isn't a charity nor a communist organization. Profit keeps companies alive. So don't ever expect a company to sell products below their cost to manufacturer. An S5 (or whatever) costs X dollars to produce. And just because the price of BTC is down or the difficulty is up, doesn't mean that they can continue to reduce the cost of mining gear. It was inevitable that it would get to this point.

As Jesse Pinkman would say... "It's economics, bitch!"

msarro

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Wow, performance has sucked the past 24 hours or so, I'm pretty well in the negatives. It will even out obviously, but it's kind of surprising.

Mabsark

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Quote from: ?? on ??

If you compare BitMain to any other Mining company; They are the only ones without any real Pre-orders (I don't count waiting a bit for S2 / S3 / S4 / S5).

Show us such a comparison with ASICMiner then. Wink

kotwica666

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Quote from: ?? on ??

what a price if I am doing the math right currently it is .0014969 per ghash, that is .0006 higher than S4 per ghash. Seems pretty expensive, ill wait for people to sell their shares and when they're low to snag some.

I was waiting for post like this. It looks like S5 is overpriced.. S4 price looks better.. Can someone correct me?

ajw7989

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Quote from: Dilemma on February 12, 2015, 04:25:57 AM

finally s5 on market

but i m still with umisso

lol now theres too many markets I think umisoo is about to close Tongue

Dilemma

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finally s5 on market

but i m still with umisso

chmick

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Quote from: matt4054 on February 12, 2015, 03:42:59 AM

Quote from: chmick on February 12, 2015, 03:31:40 AM

Quote from: matt4054 on February 12, 2015, 02:39:30 AM

S5 sales are open Grin

1.73BTC each currently for 1155 GHS

I don't see anything to sell on the market only buy offer

Yes at the moment you can only buy miners, but I guess that once they'll be delivered (i.e. within 72 hours), buyers of miners will be able to resell GHS on the market.

Maybe I miss a thing but it doe not sound like a good deal to me compare to S4 or UMISOO ?

kotwica666

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.

matt4054

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Quote from: chmick on February 12, 2015, 03:31:40 AM

Quote from: matt4054 on February 12, 2015, 02:39:30 AM

S5 sales are open Grin

1.73BTC each currently for 1155 GHS

I don't see anything to sell on the market only buy offer

Yes at the moment you can only buy miners, but I guess that once they'll be delivered (i.e. within 72 hours), buyers of miners will be able to resell GHS on the market.

chmick

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Quote from: matt4054 on February 12, 2015, 02:39:30 AM

S5 sales are open Grin

1.73BTC each currently for 1155 GHS

I don't see anything to sell on the market only buy offer

matt4054

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S5 sales are open Grin

1.73BTC each currently for 1155 GHS

ajw7989

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Greed is the downfall of a lot of companies. Its a shame since bitmain will forever have a piece of bitcoin mining history by setting the standard of no 6 month preorders with the bitmain S1. I feel like after the S1 and possibly the S2 is when they started to get greedy and let the ROI fall out of the customers hands. What they did with UMISOO in December really pissed me off since it made ROI impossible when they cut the price by releasing a ton of more shares without a headsup at a very low price.

DARKANGEL6415

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Quote from: Xian01 on February 10, 2015, 09:52:34 AM

Quote from: chunkyjunkie on February 10, 2015, 08:39:41 AM

That is exactly what they are doing. Good for them, bad for us.. Why do you think they announced selling us the s5 while btc was crashing, then delayed it as it recovered? As soon as the s5 is no longer a sure thing they will sell the risk to us.
Good business I guess.
Notice how the s4 units for sale disappeared when the btc price recovered nice?

Bitmain are most certainly fucking with us (I *KNOW* they've fucked with me... Twice now) As you said, good business for them, bad business for us.

The S5 still being at $370 considering it's price history, and recent difficulty increase, is nothing but blatant, transparent greed.

Appears that Bitmain is becoming the next KNC and Bitfury Sad

Very disappointing seeing this becoming a pattern in Bitcoin space - Customers on these forums help support legitimate companies, and as they become these massive institutions, those same institutions we helped support end up fucking us over with pricing/availability and lying to us Sad

Looking like it's becoming "R.I.P. Home Mining" in the next 6 months.

Time to start looking for a new hobby methinks.

how sad what is it all coming down to

DARKANGEL6415

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Quote from: ?? on ??

Quote from: chunkyjunkie on February 10, 2015, 08:39:41 AM

Quote from: chmick on February 10, 2015, 08:30:27 AM

Quote from: ?? on ??

Quote from: chmick on February 10, 2015, 01:42:32 AM

Quote from: kotwica666 on February 09, 2015, 01:29:07 PM

Well said. I hope that no one would miss your posts.

But someone can explain me why people are selling S4?

expecting to save money for the s5 maybe ?

Probably this, I decided to take the plunge and get 2th of S4 while i wait for S5 launch.

I start to wonder if bitmain is not fucking with us . I mean : why sell S5 or put them in UMISOO.

Instead use it while it's competitive (against other pools) and then sell it to cutomers when anybody has it .

That is exactly what they are doing. Good for them, bad for us.. Why do you think they announced selling us the s5 while btc was crashing, then delayed it as it recovered? As soon as the s5 is no longer a sure thing they will sell the risk to us.

Good business I guess.

Notice how the s4 units for sale disappeared when the btc price recovered nice?

I assumed they're waiting for another crash to sell the S5, if BTC takes a dive expect S5 release.

MAN i really hope that is not the case bitmain has always been good, dont stray on us now

DARKANGEL6415

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Quote from: chunkyjunkie on February 09, 2015, 01:10:43 PM

Ok it was just updated to 93% maint/fee for umisoo.

Any sustained drop in btc/usd of just a few dollars and umisoo will be shut off.

On top of that if there is just slightly bad luck on blocks it will make you negative btc on your account.

Just saying you might want to think. IMO a more fair price given the earnings of umisoo atm is closer to .00007 or about half the current price and even at that price it is all gone if btc/usd drops just a few more dollars.

On the reverse if btc recovers in the next 10 days and continues up then umisoo would be a good buy now. Just ask yourself with the market trend of that last week/month/year if that is likely?

Just hope people think ahead before this thread gets bombarded with people blaming bitmain if umisoo gets shut off any day now.

mmmm do i feel lucky enough to be gambling on the umisoo price and current bitcoin price ... talk about dilemas we face vs the fear lol i might just do a coin toss

DARKANGEL6415

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Quote from: pumawolf on February 08, 2015, 09:27:46 PM

Quote from: hashnest.com on February 08, 2015, 09:14:57 PM

Quote from: pumawolf on February 08, 2015, 05:34:03 PM

will u guys will be operating as normal for chinese news years?

Yes, all will be operating as normal during the Chinese New Year.

good shit! i thought u guys might at least take a day off, those guys at amhash are taking 18 days off. what the fuk! oh well, its there choice, there lazyness will only direct more people to come here.

lol what ..................... 18 days for new years holiday? is that how long chinese new year last or are they just having one super long party lol, either way i am sensing alot of hung over people Grin

Topic: HASHNEST Discussion and Support Thread - page 229. (Read 660097 times)