Topic: HASHNEST Discussion and Support Thread - page 30. (Read 660093 times)

when i buy few KSOls, things goes down  

@PeaMine Thank you for your support~

Yes things are slowing down a bit for June. But we are only 5 days into June now so it’s hard to say. S17 is one of the most stable mining plans around, because we are mining BTC, which is unlikely to crash, albeit it takes long time to ROI.

As for the ZEC mining blocks, Antpool is having some data delay. Hence we are not receiving any block reward and data. Antpool is fixing this error now once the data are in sync we will put back what’s been missed.

By the way, we are doing a wallet maintenance today for ZEC, so don’t be surprised if you see that function missing. We will resume service tomorrow.

I confirm this, seems crediting of blocks has stopped for ZEC.

Any reason my Zec balance hasn't moved all day? its showing blocks found/fees but the balance is static..own over 138 ksol/s....

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Yes currently that is true.   It is also the point, the returns aren't real if one doesn't consider the value of the TH mining it.   Most of the time the value of miners decline.   If we mine faster than the value declines then we potentially make profits.   Profits aren't real until they are in the wallet.   May went well for mining.   So far June hasn't been very good.  Hopefully things will improve soon.

That is true, the depreciation of the miner share value has gone down, though still shows a net positive if I sell out right now at current buy price.

Let's assume you purchased bought those at the low price on April 30th ... 0.0068 BTC/TH.   The purchase cost was 0.34 BTC.   The highest price so far today 0.0064 BTC, which is a change in value of -0.02 BTC.   So (0.049 - 0.02) / 0.34 is close to 10%.    That checks out.    However there is still (0.291 BTC at risk.)    0.291 BTC / 50 ==> 0.00582 BTC/TH ... better than my S15 purchase price last Saturday.   Congratulations!

Just to give everyone a true honest breakdown of the profits you can have from this.
With 50TH of S15 shares, you would have earned 0.049 BTC in a month, or around a 10% return in May over the entire month.
I would consider this quite nice and better than any cloud mining I currently know of.
I hope Hashnest stays true and honest as they have over all these years as I do enjoy their service.
I am not paid or affiliated with them in any way.

For the S15 the cost of mining is currently 8 blocks a day.   Typically we are getting 175 sats per TH per block.   That is around $0.01375 and divide that in to the $0.11 daily maintain fee gives 8 blocks.

So on the 9th block one is making money.  More than 16 blocks and the maintenance costs are less than 50%.

 

We will replace USDT with BTC and ZEC as the trade currency at the S17 and Z11 market respectively tonight at 11 PM (UTC+8). The markets will be closed for estimated period of one hour and all trade orders have not be fulfilled will be cancelled automatically. Please put up a new trade order at the market with BTC.

Also, starting today, 4 June 2019, S15-BTC market will observe a 0.5% trade fee. This means both BCH and BTC markets in S15 now has a trade fee of only 0.5%. Only sellers will be charged. Other markets will follow suit, Hashnest will announce the dates in nearing dates.

To learn how to trade your hashrates, please refer to this page: https://support.hashnest.com/hc/en-us/categories/360001473311-Buy-and-Sell-Hashrates

Trade orders already fulfilled will not be affected. Happy trading!

There are a lot of variables in involved in the computation.  Some big ones are:
1) Reward size ... today we have been often been getting 14 BTC per block
2) Timing of the blocks ... it is easy for an hour or two to be shifted to a day pior or a day later
3) Amount of mining at the pool varies all the time which impacts how much your share is
4) Pool luck, what is 100% anyway as the global hashrate is changing all the time
 
So the percentage computation will change based on assumptions made about block awards, number of blocks in a day, timing of blocks, hashrate at the pools, etc.     It is just a guess and will rarely reflect the exact charge.  Too many variables.

Thank you for the replies.
I guess what I am trying to figure out is how the listed 38.5% Ratio for the BTC S15 is calculated on the Stats page, as manually doing the math, I get 32.4% with PPS or PPLNS as today luck was close to 100%
Good profit either way however, I do recommend your service.

thats nice to have /crypto,....Z11 is also preety high price ...its already 2700 buks,...you plan to restock it, i ask before i put any money into it,..?

o my good, the good old days,...crypto bull like in 2017...

we happy, miners happy,..all happy,..

Hello everyone!

Just to answer some of your enquires here.

@PeaMine
We will have LTC mining plans upcoming but we are still sourcing for better performing miners. Very likely it’s Bitmain’s L5; we are all waiting for their release as well. So we cannot be too sure of these mining plans’ release date.

@mercedes321
Currently all orders are on preorders. Especially the U6 because the manufacturer will only dispatch the first batch in early August. That’s why we estimated the credit period to be 90 days.

@DebitMe
Yes, we do! We plan to release it in USDT. However, we cannot promise when as we are all gearing towards brand new web and app experience and tons of other wonderful stuff upcoming so PAMiC have to wait!

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And everyone who’s concerned about sudden surge of maintenance payout ratio, this is because we ran a discount on electricity fees in May. Now that we are in June, all electricity fee will resume their original prices.

The power consumption is higher than what Bitmain as stated. We always test it at our own mining farms. But rest assured they still fall within the acceptable range of Bitmain specifications.

@PeaMine
We are using PPLNS for all users.

Just an update, seems like something is wrong on Hashnest's site in regards to maintenance fees.  Price of BTC to USD has gone up, yet so has the Maintenance/Payout(PPS) which is now up to 37.31% from just yesterday's 34.9%.  Both of these are after the small difficulty jump that happened a few days ago so something must be wrong.
This is also higher than the BCH S15 fee of 35.9, which doesn't make sense as currently BCH mining is less profitable than BTC by a small margin.

ehhh,..what a demand, now we have only dash miners in august and S17 for preety high price,.. or market ...hmmmm

It sold out in less than two hours.   There were 40 units, I went out for lunch and when I got back there were 0 units. 

Is it already sold OUT?..
that was fast fingers 

I noticed a jump in the Maintenance/Patout ratio for the S15 but not as much for the S17 after the new stock was added, more than the small difficulty jump and exchange value has stayed the same since I last checked.  It seems the watt per TH values are higher than what Bitmain has listed.
"7.1 Hashnest charge customers a fixed maintenance fee (including electricity and management fee) of US$0.075 per KWH. Electricity usage is calculated based on the figures given for each machine on Bitmain official website."
S17 Pro is listed at Power: 46.0W/THS though on Bitmain's website they are Turbo 45 J/TH Standard 39.5 J/TH, I assume Standard(Normal) mode is used as you are given 50TH from the shop, so these are quite a bit higher.
S15 is listed as Power: 60.7143W/THS and on Bitmain's website they are 57 J/TH
Was curious why this is.
I was also curious if PPS or PPLNS were being used, as currently transaction fee payout is quite high, averaging 13.80 BTC per block or around 10% bonus.
I seem to be on PPS as my Payout Total(BTC) and Maintenance(BTC) come to 34.9% which is much higher than the stated Maintenance/Payout(PPS) average I have been collecting(mid 20s past few weeks thanks to the high price of btc)

Other than that no complaints! Great service you have been running for many years.

Hashnest, are there any plans to release a PACMiC type investment again in the future?  I really enjoyed an investment that was less risk and more stable than mining, but still had the nice returns that the PACMiC was able to offer.