Topic: HASHNEST Discussion and Support Thread - page 271. (Read 660097 times)

How about opening the UMISOO market excahnge on hashnest? The only option we have to sell these contracts will require trust, and other services to complete. What happened with opening up UMISOO for trading. 5 weeks later this should be your main concern!

Oct. 7th, 2014 Beijing Time (UTC +8 Time Zone), HASHNEST released a new feature that allows customer transfer the hash rate to a specific code. Users shall present or sell the hash rate to other users by this code.

1.   How to transfer the hash rate to hash code?

Click “Wallet” in the top menu – “Withdrawal” - “GHS Withdrawal”

Click “Hash to Code”, choose hash type from the dropdown menu, and take AntS3 for example, you will find your unlocked hash rate and trade locked hash rate. You can only transfer the unlocked hash rate to hash code. (977.0GHS in the below snapshot.)

Enter the Face Value (how many hash rates you want to include in this hash code), enter the Code Amount (how many hash codes you want to generate) and PIN. The hash code can be generate by clicking generate code.

Just as the snapshot, you can see the hash codes are listed in the chart, so you can present hash rate to other users by sending the hash code and recharge PIN to him.



2.   How to recharge the hash code to the account?

Click “Wallet” in the top menu – “Withdrawal” - “GHS Withdrawal”

Click “Code to Hash”, enter the hash code that someone present you in the “Hash Key” box, click “Verification”, then you will clearly see the hash code type and face value (see the below snapshot).

Enter the unique “Secret Key” that matches to the hash code, and click “Recharge” to finish your recharge process (see the below snapshot).

You can check the recharge records in the chart (see the below snapshot).



NOTE: The generated hash code can be traded freely in the outside HASHNEST platform. Please carefully select the trading objective; HASHNEST is not respond for any trading disputes.

is there any way to covert Unisoo to ants3 then sell them that would be a good idea of turning customers back the investment they made...or just they're bitcoins back

I bought some hashnest due to the good experience I had buying s3's from bitmain.

Unless they do something to benefit the customer in a significant way, we are all looking at 70% losses as of now or more depending on when you bought. A lot of us bought when btc was $480 and now its around 300, In part due to companies charging such high fee's as they have no real incentive to cut costs, as they are all passed onto the customer. All those costs translate into fiat conversions which further the downward pressure on the whole bitcoin market.

It is our fault for buying this contract, no doubt. Cannot blame anyone for that. But Bitmain has really dropped the ball with this flawed business model. They have done very little aside from promoting the hashnest with a 1GH giveaway. And also making a small cut in price, which, was to sell more hash, not benefit its customer.

Bitmain has been furthering itself from everyday customers in favor of these data centers. If our machines fail, they keep the data center and can move on with nice shiny new top of the line equipment for themselves when debacle is over.

Lost a lot of faith in Bitmain. I think its safe to say, the day of the small scale miners is over. Welcome to the new age of bitcoin. Where everyone is out for themselves instead of customers who try desperately to hold faith that a mining company will do the right thing in the name of Bitcoin, over profits.

I have a feeling if Bitmain can make more mining themselves, they would be doing that. They instead decided to sell us the hash to extend the profits they make. They certainly cannot think this UMISOO is good for hashnest reputation or Bitmain. Unless they come out and change data center costs, giving people a real reason to buy them, Hashnest, Bitmain, are going to suffer bigtime from a future lack of trust. I wonder how much thought went into this price plan. It seems like this is a trap at best for your btc.

you are not the only one.

And where are those idiots who will buy it with the 100% fee?  
I think the only one right decision: to give more power hashrate to all customers. May be +50% .....
Otherwise bought hashrate never return its price.... 

What happens with our shares when the fees are more? Do we get refunded? I cant find it on their site now but it said that the miners would get "processed" not sure what that means. I guess we would have to be able to sell everything before they flip the switch.

Bitmaintech,

Given the drop in BTC, it might be unfair to terminate the hosted miners so soon after we bought them.

I am sure you are considering the same issue, so I wanted to make a few suggestions for you to consider.  These options would of course only apply if the dreaded 100% level is hit (e.g., profits <= electricity plus maintenance fee).

1) Allow immediate trading so we can recoup some of our investment

2) Allow an option to continue to operate the hosted miners at electricity cost only for a period of time, hoping that BTC will rebound.  Perhaps require users to prepay for 1-3 months so that you are not left with a collection nightmare if there is no rebound.

3) Offer to upgrade the S2s hosted on hashnest to the S4.  Since you are already offering a $200 discount to S2 purchasers, this would make some sense but I would hope for more credit than the $200 to make the offer competitive with Spondoolies and Rockminers.

Heh... ok so my hash rate happens to have the same amount of numbers as the added hashrate except I mustve been dyslexic and it looked as if it hadnt changed... uh anyway I added up all my purchases and yea there was a 20% addition but its not in any transaction log so if I never were to read their post on here I wouldnt have known.

Why cant they use that little "News" area on their front page to post some news!

Must have missed it sorry but I never received 20% of my hashrate or anything.

Notice:

Hashnest.com/hash.vc has transferred S1's hashing power to Umisoo's per the ratio of 2 (S1 hashrate):1(Umisoo hashrate). And closed S1 hash trading market on Oct. 3rd.

Yes they are a good company. But im still waiting for my answer from hashnest.com

Good companies take care of their customers.

They gave extra shares, so practically everybody has bought now at .001125BTC

look few page back in this thread...     ------------------------------------------>

Has anyone noticed that the UMISOO price has gone down from .00135 to .001125? Its not open for trading yet and we have already lost value for those that have bought at .00135. 

makes sense maybe this cloud companies need to learn the finer points of setting sell orders above the buy price. I wonder if it becomes to unprofitable what difficulty will drop to as i am sure wont continue to grow or if it does will be slower pace. I think after you explained it the cycle will go down till people come out of bitcoin mining letting difficulty then drop, then you know people will jump back in lol.

Companies like bitmain and other cloud hashing companies that sell btc to pay energy are a big reason the price will continue down. Until some go out of business, or get more efficient, that 70% fee is our btc being sold into the market at whatever price they get. The % we get will continue to decline until some of these cloud hasing companies go out of business I fear.

The antminers have become significantly less profitable in the past few days alone. The less profitable the UMISOO is, the more it makes the problem with the bitcoin price decline worse. Every time we lose a %, that is 1% more being converted you CNY to pay electric.

Either a huge new set of buyers has to come in and sustain buying, or the price will drop significantly from here until it weeds out higher power cost miners to incentivize people to buy bitcoins again over mining them.

so i am going to ask a question in general since i mostly post on these forums. I would like to know everyone opinion " with out the troll or negative unfounded answers " what do you all think is going on with bitcoin. Seems like it has been dropping like crazy i mean we not near any holidays or anything like that so what do you all think. Once again please no troll answers or people mad who bought btc at like $600  and now it has dropped.

thanks 

nop is not that. Because in that value 0.0094 they applie the 60% or 73%(Today), so i only receive 0.004 or something. Hashnest can you please explain?

thanks

ON the positive side if bitcoin goes to like $600 or $700 then the maint fees should only be like %15 or less and imagine if it went back to $1200 the it would be like 1% fee " sarcasm " i really dont know what it would be but i know it wont be no 70%