HASHNEST Discussion and Support Thread - page 61.

Bamsed

member

Activity: 120

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Quote from: Rogerdale on September 21, 2017, 12:19:21 PM

China may ban mining:

https://www.cryptocoinsnews.com/bitcoin-mining-operators-in-china-could-be-next-target-why-it-does-not-matter/
http://www.trustnodes.com/2017/09/19/china-bans-bitcoin-executives-leaving-country-miners-preparing-worst

This seems understandable, because when exchanges are closed the Chinese still may buy asics and mine Bitcoins (effectively converting yuans to crypto).

Is Hashnest going to move its facilities to another country?

What will happen to our contracts?

Rogerdale

sr. member

Activity: 700

Merit: 330

Quote from: ?? on ??

3 things are confirmed: 1. the 3 exchanges will shut down on 1.10, 2. therefore BTC cant be sold to pay for electricity 3. so trading cripto is consider illegal in china 4. real treat they might really nationalize mining, how will they sell btc if it is not possible also OTC to pay for costs etc.. 5. we need good news from china in order to reinvest 6. we need Bitman to move out asap or find a way to solve this with government .... in cripto world u lost when hacked bitstamp (0), btfinex (30% + token), polo (30 % + ?), and mgox (all), BTC-e hacked by US (45%+tokens), 3 exchanges shut down by china (0 so far). actually with china and SLO u didnt lost anything. I am sure this will solve either way. But 1 exchange should be opened, Bitman should push at least 1 exchange to be alive, even if only full coins to be tradable...that would be good news.

Anyway, in Hashnest contracts it is stated: "If mining farms may no longer continue operating due to change in legal status, war, earthquake, fire, electricity failure, or other acts of God, Hashnest does not assume responsibility for compensation."

But that's probably not bad if they send you out asics if China bans mining. Other Chinese cloud mining companies (ViaBTC or BW) won't do that, their investors can lose full invested amounts.

JessicaG

sr. member

Activity: 343

Merit: 252

Quote from: Rogerdale on September 21, 2017, 12:19:21 PM

China may ban mining:

https://www.cryptocoinsnews.com/bitcoin-mining-operators-in-china-could-be-next-target-why-it-does-not-matter/
http://www.trustnodes.com/2017/09/19/china-bans-bitcoin-executives-leaving-country-miners-preparing-worst

This seems understandable, because when exchanges are closed the Chinese still may buy asics and mine Bitcoins (effectively converting yuans to crypto).

Is Hashnest going to move its facilities to another country?

Thus far, the whole 'China banning' thingy are just mere speculations based on nothing more than unconfirmed rumors...

Rogerdale

sr. member

Activity: 700

Merit: 330

China may ban mining:

https://www.cryptocoinsnews.com/bitcoin-mining-operators-in-china-could-be-next-target-why-it-does-not-matter/
http://www.trustnodes.com/2017/09/19/china-bans-bitcoin-executives-leaving-country-miners-preparing-worst

This seems understandable, because when exchanges are closed the Chinese still may buy asics and mine Bitcoins (effectively converting yuans to crypto).

Is Hashnest going to move its facilities to another country?

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: Rogerdale on September 19, 2017, 02:23:57 PM

Quote from: Bdstar on September 19, 2017, 12:51:17 PM

Quote from: Bdstar on July 11, 2017, 09:42:15 PM

Anyone have any idea when they will add more S9? Also what will happen after the split. They will mine bitcoin or split coins?

There should be someone from hashnest to give answers on this thread or they don't care about the customers?

I don't think they will add S9 or L3+. Since they can sell on market wtih more profit.

I am waiting for the D3 Miners on hashnest. anyone have any idea when d3 will be added?

Already at loss with L3 since i bought from market no roi in years Sad

No-no, don't buy hashes at the market, you simply won't ROI in years. Litecoin difficulty is skyrocketing these days; and as for S9, there are rumors that the Japanese will come to the market with brand new 7nm ASIC miners that will be several times more effective than S9s:

https://bitcoinmagazine.com/articles/japanese-company-will-launch-new-bitcoin-mining-operation-7-nm-chips/

The only hope is that Bitmain restocks their miners at lower prices, but I'm not sure that it will ever happen with those recent and upcoming Chinese regulations.

Bitmain came with the 16nm chips later than Bitfury and BW so they were slow to adopt those as well. Luckily, there was so much hype about Bitfury built by them about how great their new chip was that they took long enough for bitmain to also develop a chip of similar specs and release it first before bitfury released mainstream versions of theirs.

Rogerdale

sr. member

Activity: 700

Merit: 330

Quote from: Bdstar on September 19, 2017, 12:51:17 PM

Quote from: Bdstar on July 11, 2017, 09:42:15 PM

Anyone have any idea when they will add more S9? Also what will happen after the split. They will mine bitcoin or split coins?

There should be someone from hashnest to give answers on this thread or they don't care about the customers?

I don't think they will add S9 or L3+. Since they can sell on market wtih more profit.

I am waiting for the D3 Miners on hashnest. anyone have any idea when d3 will be added?

Already at loss with L3 since i bought from market no roi in years Sad

No-no, don't buy hashes at the market, you simply won't ROI in years. Litecoin difficulty is skyrocketing these days; and as for S9, there are rumors that the Japanese will come to the market with brand new 7nm ASIC miners that will be several times more effective than S9s:

https://bitcoinmagazine.com/articles/japanese-company-will-launch-new-bitcoin-mining-operation-7-nm-chips/

The only hope is that Bitmain restocks their miners at lower prices, but I'm not sure that it will ever happen with those recent and upcoming Chinese regulations.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: liuqi on September 19, 2017, 01:31:02 PM

Quote from: Bdstar on September 19, 2017, 12:51:17 PM

~

Since S9 is the most profitable one why they doesn't add it Hashnest. I have went with one thread which says about Hashnest site ban due to Chinese Government bitcoin p2p network. If this cloud mining included what we can do, feel pathetic about my own Sad

I think Bdstar was saying that they probably are adding the S9 miners but selling the hashes on the market (making sense due to the high fee). Also we don't have any information of the total number of servers of each part of the site from them.

As for the ban in China, I believe that was "non-chinese exchanges". As hashnes tis inside China (and let's assume it's fully licensed) then there's nothing to worry about at the moment - unless the ban is extended.

liuqi

sr. member

Activity: 1092

Merit: 257

LuckyB.it is Back!

Quote from: Bdstar on September 19, 2017, 12:51:17 PM

Quote from: Bdstar on July 11, 2017, 09:42:15 PM

Anyone have any idea when they will add more S9? Also what will happen after the split. They will mine bitcoin or split coins?

There should be someone from hashnest to give answers on this thread or they don't care about the customers?

I don't think they will add S9 or L3+. Since they can sell on market wtih more profit.

I am waiting for the D3 Miners on hashnest. anyone have any idea when d3 will be added?

Already at loss with L3 since i bought from market no roi in years Sad

Since S9 is the most profitable one why they doesn't add it Hashnest. I have went with one thread which says about Hashnest site ban due to Chinese Government bitcoin p2p network. If this cloud mining included what we can do, feel pathetic about my own Sad

Bdstar

sr. member

Activity: 728

Merit: 263

Quote from: Bdstar on July 11, 2017, 09:42:15 PM

Anyone have any idea when they will add more S9? Also what will happen after the split. They will mine bitcoin or split coins?

There should be someone from hashnest to give answers on this thread or they don't care about the customers?

I don't think they will add S9 or L3+. Since they can sell on market wtih more profit.

I am waiting for the D3 Miners on hashnest. anyone have any idea when d3 will be added?

Already at loss with L3 since i bought from market no roi in years Sad

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: ?? on ??

if viabtc will still operate, as declared by them in statement, and mining pool wont be affected, and actually advised customers to send bitcoins to their wallet, i would think it wouldnt affect the antpool, but bitman and hashnest might have to get a way to pay for the costs with some western exchange bitstamp, ....lets hope for te best, you actually made me wona press sell, sell move to wallet for a little bit, so i had to dig google a little bit,...if i move to investment to europe, i had to pay more for electricity and it would cost me aprox 30% per investment for same hash rate...ehh lets leave it there, and by the way LTC wallet is not in maintance but the Hot wallet you emptied, i know bcs i emptied in the past also so, thats why it shows immediatly after widrawals...

Yes, Hashnest is one of the best deals when it comes to cloud mining. I haven't sold my hash, yet, because I hate selling for a loss. I'm just concerned about the rumor going around that China will take steps to block certain important bitcoin ip addresses, like the seed nodes and non-chinese exchanges. We'll see. I trust if the government of China cracks down on mining, Bitmain will give a fair way to exit.(I just hate being forced to exit when I have not had a ROI, yet.)

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: ?? on ??

they are mining in mongolia http://www.cryptocoinzone.com/hashnest-review/, so i dont think china gov. will be closing them down, and its also the bitman subsidary which still produce miners, exchange yes, miners no. p.s. I got enough hash for 3 miners just in case, and ordered 1 phisical already,...and i trust them still. i didnt find any other similar company with such good reputation. All other cloud miners want to fix it for some years...without possibility to withdraw when i need the m.

The review states it is in "inner" Mongolia, which is still part of the People's Republic of China. Hopefully this rumor is just FUD.

https://twitter.com/btcdrak/status/909020264742211584

bones261

legendary

Activity: 1806

Merit: 1828

Now there is a rumor that China is actively banning Bitcoin seed nodes and non-chinese exchanges. If true, this could seriously hamper mining in China. This would basically have the effect of making my hash on hashnest worthless. I don't have enough hash to redeem a miner and don't want to pony up the BTC or LTC to acquire. I'd have to jump through hoops to make a deposit anyway since I am a US citizen. Huh

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: majid_z on September 15, 2017, 11:23:33 PM

here is what I found in FAQ :

3. What about the hashrates not enough to redeem a miner?

You can choose to buy more hashrates to make up to a miner or you just sell them in market before redemption period. (Market will be closed during redemption period)

4. When can your redeem your miners?

You can request to redeem your miners only in redemption period which HashNest will announce it when we notice the maintanence fee/pay out is up to 100% and keep it same for 10 days.

MY QUESTION IS : so when I MUST sell my hashrates and withdraw ?! because I don't want to have a physical miner and just want to use of investing in GH benefits.
so I don't want to lose my money and benefits.

here is 2 pictures that I like to fully understand them. (unfortunately I couldn't make this post to show pictures directly on page and it gives only a link of them!)

Considering the picture, I like to know when is the best time to sell my GHs to cover MY QUESTION above. and what is the white line ?! I can read the legends "maintenance, Earnings, PPLNS/THS Earnings and PPS/THS" but can't analyse them, ot the columns in dark blue, light blue and green ! and what is good for them to be.

and about above picture, I like to know what is showing this column in the market page ?! what is the differences between colored rows and white rows ?!

thank you before.

It says on the FAQ, within 7 days of it being more than 100%.
You can choose, personally, I'd sell at anything higher than 95%. The market remains open after they make the redemption period active, but that's normally just for a few hours and the price normally spikes but that's a risky thing to wait for.

SatyrA

newbie

Activity: 172

Merit: 0

LTC server wallet is still in maintenance, impossible to withdraw Embarrassed

Also it seems they have broken support ticket system functionality.

Update: I have managed to catch moment with active withdrawal button. Just after I made a withdrawal "wallet server is under maintenance please try later" appears again.

majid_z

newbie

Activity: 30

Merit: 0

here is what I found in FAQ :

3. What about the hashrates not enough to redeem a miner?

You can choose to buy more hashrates to make up to a miner or you just sell them in market before redemption period. (Market will be closed during redemption period)

4. When can your redeem your miners?

You can request to redeem your miners only in redemption period which HashNest will announce it when we notice the maintanence fee/pay out is up to 100% and keep it same for 10 days.

MY QUESTION IS : so when I MUST sell my hashrates and withdraw ?! because I don't want to have a physical miner and just want to use of investing in GH benefits.
so I don't want to lose my money and benefits.

here is 2 pictures that I like to fully understand them. (unfortunately I couldn't make this post to show pictures directly on page and it gives only a link of them!)

https://ibb.co/gSyyW5

Considering the picture, I like to know when is the best time to sell my GHs to cover MY QUESTION above. and what is the white line ?! I can read the legends "maintenance, Earnings, PPLNS/THS Earnings and PPS/THS" but can't analyse them, ot the columns in dark blue, light blue and green ! and what is good for them to be.

https://ibb.co/cYACr5

and about above picture, I like to know what is showing this column in the market page ?! what is the differences between colored rows and white rows ?!

thank you before.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: step_mike on September 15, 2017, 01:02:04 AM

Quote from: Buddytronic on September 15, 2017, 12:57:27 AM

BCC cannot be withdrawn from Hashnest - withdraw button is greyed out.

Anyone else notice this problem?

I have same problem. Maybe need to wait some time and withdraw button will be active.

I don't think it's ever coming back.

Quote from: JessicaG on September 15, 2017, 07:12:36 AM

Hmm...

First, we got this statement from China's Central Bank regarding regulating the ICO's.

Today, viabtc announced that they will be closing

Quote

Sept 25th: Closing of registration, asset deposits and all trading pairs
Sept 30th: Closing of website www.viabtc.com

(source: https://www.viabtc.com/announcement/detail?id=11)

And today I was reading this rumor/FUD ??

Quote

It’s been a long week and I’m back from China. I was in meetings with business partners who have vested interest in several large scale cryptocurrency mining farms. Rumors of China shutting down companies who run ICO’s and Chinese exchanges being shutdown is what landed me here. The goal of our meeting was to devise a plan on how to make sure our investments were safe. This meant understanding exactly what Chinese regulators require from miners and making sure they meet those obligations. As it turns out none of that matters because China intends to not only take down exchanges but mining farms as well. BTCChina, OKCoin and Huobi are the three I know of that will be shut down. This isn’t the first time PBOC has taken shots at the crypto world but this time feels different. As of Wednesday the 13th we pulled funding from two farms and are exploring our options with the third.

(source: http://www.pfhub.com/pboc-shutting-chinese-miners-exchanges-bitcoin-btc-euthreum-eth-1692/ )

Tongue

Anyone knows Bitmain's standpoint in all of this turmoil?

It's a shame to see them go, they were quite a good company. However, it could just be an exit scam? Sell contracts of btc/bcc/ltc miners and shutdown a few months later with your extra profits.
Also, i think, bitmain will have to pay tax on what they earn and the Chinese government may consider that enough of an incentive to produce an exception for hashnest (but that's unlikely).

JessicaG

sr. member

Activity: 343

Merit: 252

Hmm...

First, we got this statement from China's Central Bank regarding regulating the ICO's.

Today, viabtc announced that they will be closing

Quote

Sept 25th: Closing of registration, asset deposits and all trading pairs
Sept 30th: Closing of website www.viabtc.com

(source: https://www.viabtc.com/announcement/detail?id=11)

And today I was reading this rumor/FUD ??

Quote

It’s been a long week and I’m back from China. I was in meetings with business partners who have vested interest in several large scale cryptocurrency mining farms. Rumors of China shutting down companies who run ICO’s and Chinese exchanges being shutdown is what landed me here. The goal of our meeting was to devise a plan on how to make sure our investments were safe. This meant understanding exactly what Chinese regulators require from miners and making sure they meet those obligations. As it turns out none of that matters because China intends to not only take down exchanges but mining farms as well. BTCChina, OKCoin and Huobi are the three I know of that will be shut down. This isn’t the first time PBOC has taken shots at the crypto world but this time feels different. As of Wednesday the 13th we pulled funding from two farms and are exploring our options with the third.

(source: http://www.pfhub.com/pboc-shutting-chinese-miners-exchanges-bitcoin-btc-euthreum-eth-1692/ )

Tongue

Anyone knows Bitmain's standpoint in all of this turmoil?

step_mike

copper member

Activity: 1284

Merit: 261

Quote from: Buddytronic on September 15, 2017, 12:57:27 AM

BCC cannot be withdrawn from Hashnest - withdraw button is greyed out.

Anyone else notice this problem?

I have same problem. Maybe need to wait some time and withdraw button will be active.

Buddytronic

newbie

Activity: 35

Merit: 0

BCC cannot be withdrawn from Hashnest - withdraw button is greyed out.

Anyone else notice this problem?

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: bubolino on September 14, 2017, 02:45:53 AM

Quote from: majid_z on September 14, 2017, 01:09:12 AM

Hello again,

I just want to know about period of nesting !
I couldn't find how long is the period of your investing ?
for example genesis-mining has 2 years contracts and many other sites, but there is no information about this
in hashnest.

would you please give advice ?

thanks again

There is no period of time as long as you own Ghs on hasnest they "work" for you . the end is when the maintenance is reach 80% for 7 days in a row. when this happend if u have enough GHs that is equal to one miner for example if you have 12500 Ghs ( thiis is one S9 miner) you can choose to make redemption, hashnest to send you the miner and you have to pay only for the shipping , or to migrate to other miner ( if they have lunch other miner )
Hope you understand.

Its actually when the fee is more than 100% for seven consecutive days unless it's changed since I read the conditions.

You can end your contract at any point by using the market section under each miner.

Topic: HASHNEST Discussion and Support Thread - page 61. (Read 660130 times)