HASHNEST Discussion and Support Thread - page 289.

Epoch

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Quote from: newguy05 on September 07, 2014, 01:06:12 PM

Quote from: dexu on September 07, 2014, 12:57:55 PM

Fee is 6.12%, good job HASHNEST !

Thanx ! Wink

wait i am confused, i swear i saw 36% as fees, how is it 6% now? Huh

Their calculation is wrong. It says 6% fees but in reality it is 36% (as before).

1TH/s will earn ~$10/day. They are charging $3.24 per day for maintenance. Thus, ~36% fees.

The 6% they are showing on the website is a mistake.

dexu

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https://www.hashnest.com/currency_markets/17/subscription

newguy05

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Someone is sitting in the shade today...

Quote from: dexu on September 07, 2014, 12:57:55 PM

Fee is 6.12%, good job HASHNEST !

Thanx ! Wink

wait i am confused, i swear i saw 36% as fees, how is it 6% now? Huh

dexu

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Fee is 6.12%, good job HASHNEST !

Thanx ! Wink

newguy05

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Someone is sitting in the shade today...

Quote from: jonnybravo0311 on September 02, 2014, 09:21:16 AM

Think of the structure like this: they are asking you to purchase an S2 for 1.35BTC and then charging you $98 a month to host it. Run that through any calculator out there and you'll find the difficulty increases need to be lower than 5% for you to even break even.

yeah this is crazy....only way you will ROI on this is flip the shares to the next sucker in line once they open up trading, it's a game of musical chairs.

DARKANGEL6415

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Quote from: zdaz14 on September 07, 2014, 12:18:10 PM

Quote from: DARKANGEL6415 on September 07, 2014, 12:15:33 PM

Quote from: alani123 on September 07, 2014, 11:07:27 AM

Quote from: DARKANGEL6415 on September 07, 2014, 10:05:41 AM

So many things to condiser i still want to be able to buy fractional GHS like cex.io. Maybe they need a solar farm to create like 50,000 watts of solar power lol im sure that would make prices better and everyone would be like oh look lets buy from them they are enviromental company

Solar power plants are also an investment. They are really expensive, need maintenance, the installation is tough and also you need to own property to put them on. Not every surface will do. While in the longterm they can be proven great, you'd need a couple of years or so to save the money you spent on them. Maybe that's not the best thing for bitcoin mining since the rewards get smaller by time.

That is well said i agree i myself live in USA Midwest area. We had solar panels installed in our home about 3,000 watts free power about 15 hours a day direct and like another 3 hours off the battery backup reserve. Before they was installed we paid about $300 a month for 3,200 KWH since we always have central Air on to like 69 degrees and also my mining on small scale. Now our light bill is around $70 a month nothing has changed in our power usage except we not have solar pannels we bought 80% was paid for by goverment credits for clean energy. We plan on adding another 2,000 - 3,000 watt pannels since we got roof top space left lol and we also have land live on 3 acree area.

Interested in solar panels myself. What was the initial cost/where did you get them from?

this is where i got my system from i paid just like $2,500 out of my pocket few years ago. http://www.wholesalesolar.com/specials.html

zdaz14

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Quote from: DARKANGEL6415 on September 07, 2014, 12:15:33 PM

Quote from: alani123 on September 07, 2014, 11:07:27 AM

Quote from: DARKANGEL6415 on September 07, 2014, 10:05:41 AM

So many things to condiser i still want to be able to buy fractional GHS like cex.io. Maybe they need a solar farm to create like 50,000 watts of solar power lol im sure that would make prices better and everyone would be like oh look lets buy from them they are enviromental company

Solar power plants are also an investment. They are really expensive, need maintenance, the installation is tough and also you need to own property to put them on. Not every surface will do. While in the longterm they can be proven great, you'd need a couple of years or so to save the money you spent on them. Maybe that's not the best thing for bitcoin mining since the rewards get smaller by time.

That is well said i agree i myself live in USA Midwest area. We had solar panels installed in our home about 3,000 watts free power about 15 hours a day direct and like another 3 hours off the battery backup reserve. Before they was installed we paid about $300 a month for 3,200 KWH since we always have central Air on to like 69 degrees and also my mining on small scale. Now our light bill is around $70 a month nothing has changed in our power usage except we not have solar pannels we bought 80% was paid for by goverment credits for clean energy. We plan on adding another 2,000 - 3,000 watt pannels since we got roof top space left lol and we also have land live on 3 acree area.

Interested in solar panels myself. What was the initial cost/where did you get them from?

DARKANGEL6415

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Quote from: alani123 on September 07, 2014, 11:07:27 AM

Quote from: DARKANGEL6415 on September 07, 2014, 10:05:41 AM

So many things to condiser i still want to be able to buy fractional GHS like cex.io. Maybe they need a solar farm to create like 50,000 watts of solar power lol im sure that would make prices better and everyone would be like oh look lets buy from them they are enviromental company

Solar power plants are also an investment. They are really expensive, need maintenance, the installation is tough and also you need to own property to put them on. Not every surface will do. While in the longterm they can be proven great, you'd need a couple of years or so to save the money you spent on them. Maybe that's not the best thing for bitcoin mining since the rewards get smaller by time.

That is well said i agree i myself live in USA Midwest area. We had solar panels installed in our home about 3,000 watts free power about 15 hours a day direct and like another 3 hours off the battery backup reserve. Before they was installed we paid about $300 a month for 3,200 KWH since we always have central Air on to like 69 degrees and also my mining on small scale. Now our light bill is around $70 a month nothing has changed in our power usage except we not have solar pannels we bought 80% was paid for by goverment credits for clean energy. We plan on adding another 2,000 - 3,000 watt pannels since we got roof top space left lol and we also have land live on 3 acree area.

aasl

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Quote from: alani123 on September 07, 2014, 05:38:33 AM

Quote from: aasl on September 07, 2014, 04:31:17 AM

omg. the 15min value is always 0.909 of that in 5s. Definitely it is not the real-time value of the mining power... hashnest is faking the displayed value...

What are you even talking about? It's always different for me.

my meaning is: suppose your 5min hashrate is 1, then hashnest generate the income table like this:

5m 15m 1h 1d
1 0.909847032 0.954159586 1.012581855

I use the data in previous posts as well as mine, all fit in perfectly...

The mining profit should fluctuate, not like shown in the above table...

alani123

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Quote from: DARKANGEL6415 on September 07, 2014, 10:05:41 AM

So many things to condiser i still want to be able to buy fractional GHS like cex.io. Maybe they need a solar farm to create like 50,000 watts of solar power lol im sure that would make prices better and everyone would be like oh look lets buy from them they are enviromental company

Solar power plants are also an investment. They are really expensive, need maintenance, the installation is tough and also you need to own property to put them on. Not every surface will do. While in the longterm they can be proven great, you'd need a couple of years or so to save the money you spent on them. Maybe that's not the best thing for bitcoin mining since the rewards get smaller by time.

DARKANGEL6415

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Activity: 672

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So many things to condiser i still want to be able to buy fractional GHS like cex.io. Maybe they need a solar farm to create like 50,000 watts of solar power lol im sure that would make prices better and everyone would be like oh look lets buy from them they are enviromental company

Anotheranonlol

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Quote from: leo0808 on September 07, 2014, 08:04:48 AM

I have done some calculations on bitcoinwisdom for 1Ghs/day you get 0.00001834 btc And on Havelock it stays that for 1 share of Petamine which is 1Ghs is paying only ฿0.00000408 for dividend. But I am not sure how many times they pay the dividend per day.

Bear in mind dividend fluctuates. Variance is one reason. 3 days ago div was double 0.00000835 for instance, Yet a day before that it was 0.00000752 and a day before that it was 0.00000644. A day before that was 0.00001047.

The fee is not the cheapest, absolutely. (the fees decrease if USD/BTC rises, with PETA, and increases if USD/BTC drops)

Just bear in mind you also own the hardware with PETA and retain voting rights. You should do own due diligence before investing but in my calculations PETA still works out cheaper than hashnest.

mdude77

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Quote from: leo0808 on September 07, 2014, 08:45:29 AM

Quote from: alani123 on September 07, 2014, 08:23:52 AM

Quote from: leo0808 on September 07, 2014, 08:04:48 AM

I have done some calculations on bitcoinwisdom for 1Ghs/day you get 0.00001834 btc And on Havelock it stays that for 1 share of Petamine which is 1Ghs is paying only ฿0.00000408 for dividend. But I am not sure how many times they pay the dividend per day.

Peta's fee is 0.0049315$ per GH per day. At current rates that's more than 0.00001000 BTC.

Assuming that the current difficulty allows one GH/s to mine about 0.00001800 BTC a day they charge a fee greater than 50% (!)

And hashnest charges $0.003241/GHS/Day. So right now hashnest has the best deal in the Cloud mining Market?

That may be so. It's still a bad deal however.

M

leo0808

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Quote from: alani123 on September 07, 2014, 08:23:52 AM

Quote from: leo0808 on September 07, 2014, 08:04:48 AM

I have done some calculations on bitcoinwisdom for 1Ghs/day you get 0.00001834 btc And on Havelock it stays that for 1 share of Petamine which is 1Ghs is paying only ฿0.00000408 for dividend. But I am not sure how many times they pay the dividend per day.

Peta's fee is 0.0049315$ per GH per day. At current rates that's more than 0.00001000 BTC.

Assuming that the current difficulty allows one GH/s to mine about 0.00001800 BTC a day they charge a fee greater than 50% (!)

And hashnest charges $0.003241/GHS/Day. So right now hashnest has the best deal in the Cloud mining Market?

alani123

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Quote from: leo0808 on September 07, 2014, 08:04:48 AM

I have done some calculations on bitcoinwisdom for 1Ghs/day you get 0.00001834 btc And on Havelock it stays that for 1 share of Petamine which is 1Ghs is paying only ฿0.00000408 for dividend. But I am not sure how many times they pay the dividend per day.

Peta's fee is 0.0049315$ per GH per day. At current rates that's more than 0.00001000 BTC.

Assuming that the current difficulty allows one GH/s to mine about 0.00001800 BTC a day they charge a fee greater than 50% (!)

leo0808

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Quote from: Anotheranonlol on September 07, 2014, 07:27:28 AM

Quote from: aasl on September 03, 2014, 10:17:02 PM

Quote from: Anotheranonlol on September 03, 2014, 03:04:06 PM

Quote from: gexain on September 02, 2014, 10:42:55 PM

exellent product and price

Are you serious

PETA is at ฿0.00065 per GH (~0.34$)
https://www.havelockinvestments.com/fund.php?symbol=PETA
Shareholders there own the hardware.

Hashnest is more than double the price

฿0.00135 per GH (~0.65$)

with some weird conditions about UMISOO owning hardware

Quote from: GenTarkin on September 02, 2014, 01:12:10 PM

"UMISOO will stop mining if the earning are equal to the electricity + maintenance fee. The miner will then be kept for 10 days. UMISOO will process the miner if the earning is still less-than or equal to the electricity + maintenance fee. The residual value belongs to UMISOO."

WTF does this mean?
Best I can figure is ur SOL if btc plummets in price and all the sudden the miner doesnt mine above the line. After 10 days they just stop mining all together and ur just fucked? I dont know...

Some miners actually would keep mining below the line to get BTC and hoard.... I dont think its right they just terminate ur hashrate.

it is not true. peta has broken 1 unit (equivalent to 1GH/s) into 14 units. Now 1 unit only represents 1/14 of 1GH/s. It means that 1GH/s is equal to 0.00065*14=0.0091 BTC.

NOT true. the stock was split but the price you quoted was for 14GH before the split

1 Unit is 0.00069849BTC currently, much cheaper than UMISOO
and each unit is 1GHS (in fact, a little extra)

I have done some calculations on bitcoinwisdom for 1Ghs/day you get 0.00001834 btc And on Havelock it stays that for 1 share of Petamine which is 1Ghs is paying only ฿0.00000408 for dividend. But I am not sure how many times they pay the dividend per day.

Anotheranonlol

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Quote from: aasl on September 03, 2014, 10:17:02 PM

Quote from: Anotheranonlol on September 03, 2014, 03:04:06 PM

Quote from: gexain on September 02, 2014, 10:42:55 PM

exellent product and price

Are you serious

PETA is at ฿0.00065 per GH (~0.34$)
https://www.havelockinvestments.com/fund.php?symbol=PETA
Shareholders there own the hardware.

Hashnest is more than double the price

฿0.00135 per GH (~0.65$)

with some weird conditions about UMISOO owning hardware

Quote from: GenTarkin on September 02, 2014, 01:12:10 PM

"UMISOO will stop mining if the earning are equal to the electricity + maintenance fee. The miner will then be kept for 10 days. UMISOO will process the miner if the earning is still less-than or equal to the electricity + maintenance fee. The residual value belongs to UMISOO."

WTF does this mean?
Best I can figure is ur SOL if btc plummets in price and all the sudden the miner doesnt mine above the line. After 10 days they just stop mining all together and ur just fucked? I dont know...

Some miners actually would keep mining below the line to get BTC and hoard.... I dont think its right they just terminate ur hashrate.

it is not true. peta has broken 1 unit (equivalent to 1GH/s) into 14 units. Now 1 unit only represents 1/14 of 1GH/s. It means that 1GH/s is equal to 0.00065*14=0.0091 BTC.

NOT true. the stock was split but the price you quoted was for 14GH before the split

1 Unit is 0.00069849BTC currently, much cheaper than UMISOO
and each unit is 1GHS (in fact, a little extra)

alani123

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Quote from: aasl on September 07, 2014, 04:31:17 AM

omg. the 15min value is always 0.909 of that in 5s. Definitely it is not the real-time value of the mining power... hashnest is faking the displayed value...

What are you even talking about? It's always different for me.

aasl

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Quote from: alani123 on September 07, 2014, 03:11:58 AM

Quote from: leo0808 on September 07, 2014, 03:07:59 AM

Quote from: btcmner on September 06, 2014, 08:31:15 PM

At this moment, my miner status shows a negative number in "unassigned earnings".

I did not expect this to happen before a few months at least.
Come on, the subscription is not even over yet.
This has to be a bug in stats, otherwise it would be unacceptable.
Please follow-up.

Mine is in the same situantion. I have been mining for 12 hours as of now:
Your workers 5m 15m 1h 1d Unassigned Earnings
UMISOO 82.074 74.6748 78.3117 83.1067 -9.27e-06

And they're away for the weekend plus those Chinese holiday... What a time for this bug to come up. Did you try withdrawing though?

omg. the 15min value is always 0.909 of that in 5min. Definitely it is not the real-time value of the mining power... hashnest is faking the displayed value...

googoofish

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Quote from: hashnest.com on September 03, 2014, 11:47:29 PM

Congratulations! You've just discovered complimentary HASH RATE!

Let's sign up HASHNEST.com NOW,

Please click below link to initial the hash rate account after you signed up, otherwise we cannot send the hash rate to you successfully.
https://www.hashnest.com/currency_markets/17/subscription
Enjoy the cloud mining free of charge just by saying something on the forum & PM your HASHNEST user name, the hash rate is yours!

https://i.imgur.com/yaJCjdQ.jpg

Please give free hash

Topic: HASHNEST Discussion and Support Thread - page 289. (Read 660130 times)