Topic: HASHNEST Discussion and Support Thread - page 93. (Read 660097 times)

Domain name value is very low, only around 10$.
Why do they not extend 5 or 10 years?

Last year, their website has also been shut down because of expired domain names. Such odd poor that they do not renew the domain name for 5 years for important

so will they renew it? , of course they are

but why did they wait till the last day renewall .

shame on the webmaster.

http://www.checkdomain.com/cgi-bin/checkdomain.pl?domain=hashnest.com


Domain expired.
 

Expiration Date: 2016-07-27T16:30
 

Domain Name: HASHNEST.COM
Registry Domain ID: 1868594715_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.name.com
Registrar URL: http://www.name.com
Updated Date: 2015-06-27T12:27:18Z
Creation Date: 2014-07-27T16:30:55Z
Registrar Registration Expiration Date: 2016-07-27T16:30:55Z
Registrar: Name.com, Inc.

same to me, site isnot working after morning, can anyone explain what is going on? hope everything will be fixed soon

is there a problem with?

https://www.hashnest.com

also hashnest app does not working.

can anyone login?

The concerns brought from HashN forum look important from the first look, however they are simple hand waving. Person with 22THs will never ever has an influence on big elephant in the room.
Even if 95% of all users will sell their shares at HN (which is probably 1% of total shares) - they will not change the their model. I did like Don Quixote book being teenager - but nowadays fighting windmills is kinda delusional (some even can call it idiotic).

Anyway - I agree with you that problem on gap exists. You agree with me that HN will do nothing with it. So peace and friendship. I BTW respect how calm and well behaved you are!

That was all he was asking about. That was his suspicion and you basically confirmed it. He never asked about luck (as it doesn't factor in AT ALL in his example, you should re-read what he has posted) or any of your other useless contributions. So why are you still being this rude and calling him a delusional idiot when he brought up a point you ended up confirming? A very good point I might add. That example he pasted from the Bitmain forum was very valuable in that it showed how big the gap between a regular data center maintenance fee and that of Hashnest is. A small part of the maintenance fee being a built in profit margin would be fine but the huge gap from the example shows that this might be an issue. (And keep in mind that the US data center probably has a profit margin built into their own maintenance cost as well, yet this huge gap exists..)

I don't believe Hashnest will do anything about their maintenance fee, though, even if we all complained. As long as they're making money and their customers are making a little bit of money, nothing's gonna change. Even after they've become nonprofitable, I highly doubt they're going to adjust their maintenance rate as that would cut into their sales of S9 machines, which will come to Hashnest as soon as the S7s become obsolete.

1) Rude. My apologies to you for that.
2) Luck. Nobody screamed and bitched when Ant has a 7 days in a row luck ~120%. Now we have for 3 month 98%. It means that this mining oligarch who is making whole solid $3 per day lost for 3 months (90 days) $5.4. It is whole $1.8 of pure loses per month.
3) Maintenance fee. Obviously inability to get a full profit from datacenter immediately puts the managers of this datacenter into the definition of idiots. Chinese here got the full advantage of being world's largest colo for ASICs
4) Profit model. Yes - maintenance fee is a part of profit for HashNest

Summary:

If you dont like Hash - buy miner and colo in WA.
If you are looking for company which will build their profit model around your satisfaction - you better try to find a qualified medical help to get rid of these illusions

You will find over time that you will have good days and bad days.

Yes I think this is a very good point. Hashnest is most likely setting maintenance costs artificially high. Energy/real estate is dirt cheap in China which is why most miners want to be there. Maybe if we all complain about the unrealistic maintenance costs they'll take some action

some relief as today anypool luck is quite good and we get good amount of profit in hashnest account hope this rate will continue 

No need to be this rude, he was making a good point. And luck shouldn't factor in at all, as you claimed, provided he has all of his machines pointed at Antpool.

Hashnest is in China and the Data Center in the comparison in Washington, USA. Since the biggest part of the maintenance fee is electricity, it begs the question why the maintenance fee in China is higher than in Washington, when electricity prices in China are FAR cheaper. And what about other factors to consider when calculating a maintenance fee? Cost of labor? Cheaper in China. Real estate cost / rent for the space? Cheaper in China. Additional parts you may require, like cables, fans, everything to keep your operation going? Cheaper in China.

So why is the Hashnest maintenance fee higher than the fee of a USA data center? That's the question to consider. And I think the answer might be a built in profit margin in the Hashnest maintenance fee.

Here are my thoughts:

If the person you are quoting here do not understand the definition of luck, cannot calculate price of electricity, have no idea what is the meaning of maintenance fee - all his major achievement in this life will be $3 per day. Which is unbelievable $90 per month.

Do not be stupid as he

Take a look at this discussion, what are your thoughts on this?

https://enforum.bitmain.com/bbs/topics/3621

I think pool luck is down because AntPool has lost about 150 PH/s of power and thus is finding less blocks. If you notice, you're getting a higher share, so it should about even out to as if AntPool was finding 35 blocks/day.

The network has lost approximately 300 PH/s of power. I think we should wait to see what happens to the difficulty in 3 days before we decide to sell our machines or wait for them to become obsolete and try selling the hardware.

as i can see s7 is dying now ..they will soon add s9 ..

also i can see now day hasnest + antpool is quite pathetic ..because maintenance fee is so high that i am in now minus balance  ..and there pool luck is also very bad as compare to before ..

not sure what is gogin on

we are early waiting for s9 to added in hashnest ..because s7 is not worth to use it now

yes ofcourse i know about the halving effect on hashnest, i just asked about the market of s9 coz obviously i know what is happening why market on s7 is dying

A 50% price drop is to be expected since the BTC block reward dropped by 50%, AKA "Halving".

Anyone here got some news on when they will add s9 on the market? Market on s7 is dying, price drops 50% from the average price before the block halving

The cost of shipping in this scenario is irrelevant as I was just making a comparison between ordering a new S7 from Hashnest directly (which would include shipping on top of those 435$ as well) and ordering through the Hashnest market (which will, as you've pointed out, come with shipping costs as well).

So since both options will have the same shipping costs, I assume, I just disregarded them in the comparison - I should have pointed that out in my previous post, I'm sorry. The handling fees, however, are exclusive to the redemption machines so it had to be factored in.



The price went as low as 5000 sat / GHS yesterday and as low as 6000 sat / GHS today, I think a lot of people are going to realize the potential of buying S7 shares cheap in order to redeem for machines and we will see an increase in price back up to the 8000 - 9000 sat / GHS range - that is, of course, unless Hashnest lowers their own price of new S7s. (When buying a new machine from Hashnest right now, you're practically paying 13500 sat / GHS)


EDIT: We were able to recover to 7600 sat / GHS but now hit a really bad block finding luck wall. Incoming big red blocks have the price plummeting again.