HASHNEST Discussion and Support Thread

[chunkyjunkie]

Can anyone get on their " talk "  forums?

Just gives me the error We're sorry, but something has gone wrong.

Edit - Can't even enter a support ticket, gives the same error.

[DARKANGEL6415]

Sounds like a ponzi...

Sounds like it is supposed to be a stable contract but what I think what people are missing is : " When the principal is
paid back, the mining rigs will belong to BITMAIN." So you're not buying shares like in a real miner like the others, there is no getting a rig is this all goes south.

well this cant be true cause what about people who buy the miners and have them there cloud mining i am sure if you wanted them sent to you they would send them.... i hope

[BITMAIN_Janet]

Why has block 346461 been skipped on payouts for PACMiC?  I was paid for it for my miner that is on antpool, why is it not being paid out on the contracts?

In fact, it seems to have happened a few times, on blocks that are really short.  Another one is 346491 that doesn't have a payout on the contracts.

For my contract I was paid for block

346490
346512

Was not paid for blocks

346491
346496

I hope they get this fixed fast or offer us a refund.  Going to be a long wait to get paid back if they have these problems.

Hi DebitMe, chunkyjunkie,

Just double checked, all these blocks listed here are paid.

[DebitMe]

Why has block 346461 been skipped on payouts for PACMiC?  I was paid for it for my miner that is on antpool, why is it not being paid out on the contracts?

In fact, it seems to have happened a few times, on blocks that are really short.  Another one is 346491 that doesn't have a payout on the contracts.

For my contract I was paid for block

346490
346512

Was not paid for blocks

346491
346496

I hope they get this fixed fast or offer us a refund.  Going to be a long wait to get paid back if they have these problems.

Hi DebitMe, chunkyjunkie,

Just double checked, all these blocks listed here are paid.

If you go into the contract and view the stats of each one, does it not always show each block?  It definitely does not show either block under the breakout where it shows all the other blocks.

[chunkyjunkie]

Why has block 346461 been skipped on payouts for PACMiC?  I was paid for it for my miner that is on antpool, why is it not being paid out on the contracts?

In fact, it seems to have happened a few times, on blocks that are really short.  Another one is 346491 that doesn't have a payout on the contracts.

For my contract I was paid for block

346490
346512

Was not paid for blocks

346491
346496

I hope they get this fixed fast or offer us a refund.  Going to be a long wait to get paid back if they have these problems.

Hi DebitMe, chunkyjunkie,

Just double checked, all these blocks listed here are paid.

Here is a post from my pacmic details screen

Block Height   Time(UTC)   Duration(sec)   Payout   Paid back   Unpaid   Profit
346512   2015-03-07 04:52:21    10594   0.0012624   0.00104002   2.99773528   0.00022238
346490   2015-03-07 01:05:20    1581   0.0012579   0.0012247   2.9987753   0.0000332

as you can see it is only showing 2 blocks and the missing blocks not paid in the middle.

Is the details page screen wrong? 

[chunkyjunkie]

Why has block 346461 been skipped on payouts for PACMiC?  I was paid for it for my miner that is on antpool, why is it not being paid out on the contracts?

In fact, it seems to have happened a few times, on blocks that are really short.  Another one is 346491 that doesn't have a payout on the contracts.

For my contract I was paid for block

346490
346512

Was not paid for blocks

346491
346496

I hope they get this fixed fast or offer us a refund.  Going to be a long wait to get paid back if they have these problems.

Hi DebitMe, chunkyjunkie,

Just double checked, all these blocks listed here are paid.

If you go into the contract and view the stats of each one, does it not always show each block?  It definitely does not show either block under the breakout where it shows all the other blocks.

I am seeing the same thing you are on the details tab.... only 2 blocks and none of the missing blocks.

[chunkyjunkie]

Also you can see from this

Block Height   Time(UTC)   Duration(sec)   Payout   Paid back   Unpaid   Profit
346512   2015-03-07 04:52:21    10594   0.0012624   0.00104002   2.99773528   0.00022238
346490   2015-03-07 01:05:20    1581   0.0012579   0.0012247   2.9987753   0.0000332


the Duration column is wrong.   It is showing the duration from block 34690 to block 346512.  

Anyways, I need to sleep.   

Thanks for looking at this Janet.

Hope it is fixed in the morning.

Good night.

[chunkyjunkie]

Why has block 346461 been skipped on payouts for PACMiC?  I was paid for it for my miner that is on antpool, why is it not being paid out on the contracts?

In fact, it seems to have happened a few times, on blocks that are really short.  Another one is 346491 that doesn't have a payout on the contracts.

For my contract I was paid for block

346490
346512

Was not paid for blocks

346491
346496

I hope they get this fixed fast or offer us a refund.  Going to be a long wait to get paid back if they have these problems.

Hi DebitMe, chunkyjunkie,

Just double checked, all these blocks listed here are paid.

Hello again

Thank you for your help the missing blocks showed up but there are 2 more missing today.

Blocks 364515 and block 364518

Thanks again!

Edit all blocks have shown up for now, thank you,

[chunkyjunkie]

Site is down, any ETA on when it will be brought back online?

It is up and down atm.

Was just down for me 2 minutes ago and is back up again.

But yes, been going up and down.

[TriplD]

Perhaps I haven't read the right thread, but....is there anyone commenting about their actual experience having bought cloud mining from Hashnest and how it worked for them including profit? Anyone made any money with them?

[chunkyjunkie]

If you do some digging you can see a  good percent of cloud mining services were scams form the beginning or were so insanely overpriced.

CEX.io for example was always 10x any reasonable price for ghs yet people not understanding kept buying.

Others went to cloud mining services that never proved their hashing but offered amazing deals that later turned out to be ponzi schemes.

There are very few surviving bitcoin cloud services but remember Hashnest is owned now by bitmaintech.

It is one of the only reasons I use hashnest as you can verify they are mining and also they make the equipment.

Bitmaintech was an probably the best company out there for giving customers a chance to roi on equipment months ago.  They have got a little more greedy but are again showing signs that they truly are trying to offer their customers the best deals and chance to ROI in my opinion ( hope it continues getting back to how it was ).   

In short in my opinion Hashnest is one of the best value true non scams ( as much as you can be certain in todays wild west of bitcoin ) out today. 

You never know what will happen or what company will fall apart next but Bitmaintech/hashnest is the one i feel most confident about.  Next would be probably Cryptsy/mintsy ( new and have not used them yet but they have cryptsy's name behind them it looks )  also cryptsy/Mintsy charge more then Hashnest it looks at the moment.  Lastly would be Spoondilies/genesis mnining... Spoondoolies and genesis mining from what I know have not had much bad press ( but again I have not bought their new offers and are more expensive then bitmain/hashnest )  I have an old contract I tested on genesis mining I bought .10 th that is still paying to date ( but will never see roi because was bought at the wrong time.

Lastly, in my opinion I believe with the competition out today, slowing network difficulty, and more stock offerings vs 6 month preorders that never arrive and the slowing tech leaps in asic designs it is becoming one of the best times to start mining.  The only thing I would be careful of is there is one more tech leap inc before I think that variable slows down.   The bitfury chips etc....  Although I highly suspect hashnest is starting to take advantage of that in their newer offerings. 

[ajw7989]

I like how that PACMIC v1 keeps increasing and is now at 2000T. I think they have a lot but learned from the UMISSO mistake and having a huge supply out at once.

[chunkyjunkie]

I like how that PACMIC v1 keeps increasing and is now at 2000T. I think they have a lot but learned from the UMISSO mistake and having a huge supply out at once.

That would be my guess also.

I remember when CEX.io came out with future mining contracts.  They had so much capacity and they listed everything they had available to sell at once.

It created the mother of all sell walls and nobody bought because they knew they could buy any time and there would be more then enough.  It ultimately kept the price down.

I think you are exactly right Hashnest probably has 10 - 100 times more to sell if they needed to bring it online in a short period of time but showing that much would discourage buying.

[chunkyjunkie]

4 more missing blocks for PACMIC

346586   346595  346615  346619


I will keep an eye on it and see if the blocks get paid and stop posting missing blocks as I assume you are aware there is a problem.

If I have more missing paid blocks I will just wait before reporting them to see if they are getting paid without forum posts and support tickets.

Either way there is a problem of some kind not paying all the found blocks in order.


Edit - As of 11:04 EST the 4 missing blocks 346586   346595  346615  346619 have been paid for PACMIC on my account.

[dicefun]

Perhaps I haven't read the right thread, but....is there anyone commenting about their actual experience having bought cloud mining from Hashnest and how it worked for them including profit? Anyone made any money with them?

1.5 month ago I made deposit of 0.01BTC
today I have 0.16BTC on balance
I don't know how much I mined, I just like to buy and sell ghs

if you don't want to trade, just want to invest and receive dividends I'd advise you to buy anst4 because ants5 are overpriced yet   

[cloh76]

So just to confirm.  Is it better to buy PACMIC vs an S5?

Im still having a hard time understanding the benefit of PACMIC.  My understanding is that I will get paid daily the earnings of found blocks until the 1 BTC investment I made is paid back in full and as long as the cost to mine is less then the earnings, Ill continue to earn after the 1BTC is paid back?  The amount I will get is a % of the earnings based on the number of PACMICs I buy? 

Is that correct?

It's pretty much a lifetime contract?

[cloh76]

Perhaps I haven't read the right thread, but....is there anyone commenting about their actual experience having bought cloud mining from Hashnest and how it worked for them including profit? Anyone made any money with them?

1.5 month ago I made deposit of 0.01BTC
today I have 0.16BTC on balance
I don't know how much I mined, I just like to buy and sell ghs

if you don't want to trade, just want to invest and receive dividends I'd advise you to buy anst4 because ants5 are overpriced yet   

If I buy 1155 Gh from the market (lets say from the S4 market,) can i at a later time convert that to an S5 if I decide I want to stop cloud mining and instead want the hardware shipped to me?

[TriplD]

Still looking for profit stories. Seems simple if there is truly profit available. Hashnest's cloud mining has a low barrier of entry at about $400 to get started and if one had some cash, why not purchase 10 of them...or 100 of them? $40K put into this with a return greater than 10% is worth it and then there's the excitement of BTC prices going up.

Where are you...profit people? 

[ajw7989]

The panic v1 contracts promise over 20% profit but keep in mind that is for stable difficulty. If difficulty increases dramatically.you might just make a few percent over ROI. For me I'm not a fan of having my coin tied up for 120+ days.

[BITMAIN_Janet]

Hi cloh76,
 

My understanding is that I will get paid daily the earnings of found blocks until the 1 BTC investment I made is paid back in full

Correct. Mining revenue will be prior to pay for the profit, the remaining of mining revenue will be paid for your 1BTC investment.
Profit is calculated by the formula: unpaid principal (BTC) * 0.7 (satoshis per BTC per second) * time to find a block (seconds).

as long as the cost to mine is less then the earnings, Ill continue to earn after the 1BTC is paid back?

When your 1BTC investment is paid back in full, the PACMiC will end.