Topic: HASHNEST Discussion and Support Thread - page 99. (Read 660097 times)

The chances of Hashnest scamming is relatively low. Such incidents have happened before and Hashnest will send an email to explain or clarify the situation. I hope this issue gets resolved soon.

Some people in the Bitmain forum claim to have trouble withdrawing funds, too. It seems a lot of people are having issues with this right now, waiting 36 hours and more without their transfer going through. Some have even waited for DAYS without their transfers going through and support is just saying "it needs more time". WTF??

Curiously, this only seems to occur when withdrawing substantial amounts of bitcoins (0.5+)

Why is Hashnest out of funds or withholding them?? Have they turned full scam mode?

waiting for my withdrawal, why are they pending? more than 24 hours now are you guys turned in to scam as well?

why withdraw system is not sending ?

The increase in BW's hashpower is far more likely due to their newest 14nm chip, rather than Bitmain 'secretly' mining on their pool.




"Suggested", "experts" 

'Multiple experts' can 'suggest' all they like. Not so long ago Craig Wright Craig Wrong claimed to be Satoshi Nakamoto, and his claim was supported by former director of the bitcoin foundation Jon Matonis and bitcoin developer Gavin Andresen. Just saying...
 



Of course they are interested in profits and have self interest. It's a business in the first place. Besides the mining fees they take for themselves, they also mine for themselves. Hashnest never claimed otherwise.

Hashnest Withrawel locked?? 

Whats going on over there?

I am a little doubtful when the chinese are concerned with decentralising or subscribe to those ideological tenets.

With experience in Asian societies, i believe they are more interested in maximizing profits and their own self interest.

GM? Please read what has been posted about them here.

There's genesis mining

ive been waiting for now 24 hours. Support replys like this :



>The withrawel is still Pending.

having withdraw issues even after 3 hours my small amount is pending  wtf?

yea , they do use hashnest as there dumping grounds, its been like that since the beggining of hashnest.  we just got to know when to buy and when to sell. there still btc to be made ,but u got to follow the market on a daily basis.

I am very sad about this as well. I was looking for a legit cloud mining service for a very long time, and people directed me towards Bitmain/Hashnest - and it looked like the real deal. But the more I read up on peoples' issues with them and what Bitmain was currently doing, the more evident it became that Bitmain might not be the holy grail of cloud mining services after all.

Saddest part is, there aren't really any alternatives left. Out of all the existing cloud mining services, Bitmain seemed to be the one that could actually be legit.

logical conclusion, i wouldn't be surprised if this were 100% true. probably goes deeper than that, but sadly this is the most legit cloudmining scam out there. i see they still have the "luckyhash" raffle that was supposed to run for a limited time, they must be making a killing on that considering recent BTC prices, they offer S7  at the shop for $450 and raffle them for 1 BTC/$650~  , but yeah even the most honest company wouldnt resist using those S9s right now...very shameful if this is the case.

Their "efforts" of decentralization are bullshit. If they really wanted to point hashpower away from Antpool, why were the first few batches set up to go to Antpool directly? Why did Kano from Kano CKPool say that when set up with any other pool than Antpool, S9 machines would send jibberish random code that would cause trouble in the system? At first, it seemed like you had no choice but to mine with Antpool until Kano fixed the issue.

If you really think they care about decentralization then you're kidding yourself.

Here's what's really happening: They already have hundreds of S9 machines set up in China - but not for their cloudmining service Hashnest, no. They have them set up for themselves, mining in the BW pool. BW pool is part of Bitmain just as Antpool is part of Bitmain, they use the different pools to disguise their true hashpower - and to disguise they have already started using S9s themselves. Haven't you noticed the ridiculous increase in BW hashpower over the past months? And FYI, it has been suggested by multiple experts that F2 and BTCC pools are also connected to Bitmain in some way, possibly to further the disguise of how much of the market they really control.

That's just the most profitable thing for them to do. Right now, you can make a decent amount of coins with S9s so why sell them on? They're just waiting for the S7 market to crash so everyone invested loses their money. Once that happens and S9s aren't as profitable anymore, they will just transfer the already used machines to their cloud mining operation and offer them for full price to the customers - and they're none the wiser. It's a win-win for Bitmain: They get to use the machines in the juicy first few months and then sell them on for full price once they've became less profitable. And there's proof for them already selling on used S9 machines to customers. How would a brand new S9 appear to be used if it was just released? How? Obviously because it was used for mining already - just google for this issue or look on the forum, there's hard evidence for this happening right now.

It's no coincidence that more and more S9 batches are being released now that the halving is near - and more will come in the next few weeks, because Bitmain knows the time to sell has almost come. They might continue using some after the halving if it's still profitable then, but why take the risk? They've already got months of mining profits in the bag and can now cash out by selling the machines for a full retail price, making another decent profit.

Bitmain doesn't deliver brand new hardware anymore, they use it themselves first. All of the "batches" being released right now are just sub-par or faulty machines that had already been running in China for months. When you buy at Bitmain, you buy second hand. Getting a machine that actually works, doesn't overheat and delivers hashpower in the realm of what was promised is a fucking gamble. Your chances of getting a decent, working machine are probably higher after the halving because they're keeping the good ones for themselves for now.

Bitmain are just being greedy fucks at this point. They have the machines set up to mine for themselves but withhold them from customers who had previously funded all of their R&D by buying inferior S3, S5 or S7 machines. They're basically going the KnC/Bitfury way, happily taking your money as long as it suits their needs but also withholding any new technologies funded by your money as long as it's profitable for them.

Shame on Bitmain, what they're doing is basically a big scam.

Should you be invested in their cloud mining operation then I personally suggest cashing out all of your GHS shares BEFORE the halving occurs - the S7 hash market will collapse soon after and I don't want to risk losing all of my investment.

In my opinion, it's actually a good statement. Antpool already controls like ~1/4 of the total network. Any S9's on the Hashnest market would only enlarge Antpool's share, since everything on Hashnest is pointed towards mining on Antpool.

So if they would incorporate S9's on Hashnest right now, they would be moving more towards centralizing rather than decentralizing. So shipping off S9's outside of Bitmain's influence, is a rather good thing when it comes to (de)centralizing 

What has S9 hashes got to do with decentralizing? The chinese have already controlled half the mining market. Are there more sinister reasons for their statement?

seems like they are not even giving any shit about people asking whether they will add S9 to the cloud system or not? they are shy or something? haha

And S7 is just a year old and yet will no longer be profitable due to less mining rewards, difficulty increase and expensive price (especially the first few batches). Anyone holding S7 must start selling and go up to newer miners to avoid being left out.

This is a pretty legit reason from them. I don't think they want their datacenters to burn down because "An early batch of S9s overheated and failed".

What I'm worried about instead is their profit after the block halving. I heard that an S7 will never make any profit unless electricity is free.