Hashie.co - Cloud Mining from 0.0012 BTC / GH | NEW: AMHash | FREE 10 GH

[galdur]

This isn't really true.  With GAW's Zencloud you can sell your mining power back at anytime.   That means you don't have to make nearly as much to get to a positive ROI.   At Hashie all you can do is buy or hold.  I'm not even sure Hashie will ever be profitable, it will depend on the bitcoin difficultly.   Best case is over 4 months to get your initial investment back.  

If you want to compare you should compare against pbmining or places like that where you can't easily sell your holdings.    

To be frank, Zencloud miners have been depreciating faster than their payouts, so "you don't have to make nearly as much to get to a positive ROI" is incorrect. Currently, selling your mining power back there is a good way to lose money with their 10% trade fee.

We are working on a market however

-Sahra

Yeah, it´s a bloody train wreck to put it mildly, LOL.

[dyask]

This isn't really true.  With GAW's Zencloud you can sell your mining power back at anytime.   That means you don't have to make nearly as much to get to a positive ROI.   At Hashie all you can do is buy or hold.  I'm not even sure Hashie will ever be profitable, it will depend on the bitcoin difficultly.   Best case is over 4 months to get your initial investment back.  

If you want to compare you should compare against pbmining or places like that where you can't easily sell your holdings.    

To be frank, Zencloud miners have been depreciating faster than their payouts, so "you don't have to make nearly as much to get to a positive ROI" is incorrect. Currently, selling your mining power back there is a good way to lose money with their 10% trade fee.

We are working on a market however

-Sahra

That statement is only true over limited time periods.   I already have one GAW account that is returning profits and a second account that would be profitable if I sold all the ZENs I had bought in that account, including the 10% commission and depreciation that has occurred.  If what you say is correct over the long term, that wouldn't be true.  (Long term in mining is like a month!)   GAW keeps changing the rules of the game too that provides ways to make profit.

My only point is you shouldn't compare pricing between services that do offer a market and those that don't.   The hash market adds value to the prices.   The hash market can also drive down prices, which you just pointed out.  

A service has to make it on its own merits, it doesn't have to be the same as everyone else's.    Right now I'm testing the Hashie and I'll see how it goes before committing more funds to it.   I did the same with other places including GAW and LTCgear.     Perhaps an advantage of Hashie over GAW is you don't have to do much to maintain it.   With GAW if you want to be profitable you are doing something almost everyday.   My 13 year old loves that, I'm not so crazy about having to log into my accounts everyday.  I'm just saying they are different services can can't be directly compared.  

[dyask]

No you can only make a profit from GAW if you got in early and bought primes for $16 or $20.

You can't make money from their hashlets now. Look at ZenPool LOL. And their hashpool.

GAW is releasing a new pool today that will pay in HP and early calculations show it will be profitable.   That will probably be even a better deal if you buy Zens on the Hash Market before the prices raise.    However this thread shouldn't be about GAW, this is a thread for Hashie.   It is beyond me why people have to try to tear down one service in to try and build another one up.   At this point in time no one has made any profits yet a Hashie.   The focus should be on that, not other vendors.   

Right now looking at https://bitcoinwisdom.com/bitcoin/calculator, there isn't any chance of Hashie being profitable with the current maintenance fees unless there isn't any growth in difficulty.   Even then it will take until Sept 2015 to breakeven.   (This is not factoring in the free 10 GH)     I think that should be the point of focus.   

[buybtc]

Haha you are either a shill or a moron

Hashpool has ZERO payouts, you only get store credit. You can only spend it on more miners, that will never ROI except for getting more store credit. See the problem here?

If something is unprofitable (and all gaw hashlets are, incredibly overpriced) being able to earn more unprofitable things doesn't make it profitable in the slightest

With influx of hashpoints you'll see the market crash. Lots more supply with the hashpoints, but as hashlets are inheritly unprofitable there won't be demand.  They ponzi'd their primes and zenpool which obviously never existed to such in investors.

And stop shilling we all know gaw pays people to troll bitcointalk

[dyask]

Haha you are either a shill or a moron

Hashpool has ZERO payouts, you only get store credit. You can only spend it on more miners, that will never ROI except for getting more store credit. See the problem here?

If something is unprofitable (and all gaw hashlets are, incredibly overpriced) being able to earn more unprofitable things doesn't make it profitable in the slightest

With influx of hashpoints you'll see the market crash. Lots more supply with the hashpoints, but as hashlets are inheritly unprofitable there won't be demand.  They ponzi'd their primes and zenpool which obviously never existed to such in investors.

And stop shilling we all know gaw pays people to troll bitcointalk

You are now trolling.   You can't expect everyone to agree with you.   

This thread is about Hashie, not GAW. 

What I want to hear is how Hashie going to be profitable.   

[suchmoon]

What I want to hear is how Hashie going to be profitable.   

According to my math diff increases would have to stay under 4% for hashie to break even. Which is not impossible given the recent history but still very risky.

The alternative is to look at the fallacy known as "fiat ROI", since they price their miners and maintenance in fiat. But of course it's pointless to buy a "cloud" if all you need is BTC exchange rate increase - just buy the frickin' BTC.

What else? Well, their pricing is good. Actually I think it's slightly better than buying and running my own S3/C1 or Prisma at 0.10 USD per kWh, which is rare for cloud services. So if I was looking to do more mining AND would trust hashie to not run away with my coins then I should be investing here. I think if they provide the ability to choose pools and if I run out of amps at my current colo I'd probably risk a few BTC. If they allow trading I'd probably put a few more in. Don't mistake this for an endorsement of any kind (as if anyone would pay attention to my endorsement anyway ), "don't risk more than you can afford to lose" (TM).

[hashie]

Please keep in mind the subject of this thread.

--

We charge maintenance fees and sell miners in USD, so earnings estimates will obviously be significantly lower when Bitcoin is in a slump.

The alternative is to look at the fallacy known as "fiat ROI", since they price their miners and maintenance in fiat. But of course it's pointless to buy a "cloud" if all you need is BTC exchange rate increase - just buy the frickin' BTC.

That's not what we mean. In Bitcoin and fiat terms, you can earn more from buying cloud miners if Bitcoin goes up, than buying and holding Bitcoin directly. The more Bitcoin is worth, the less maintenance fees will consume as a percentage of your BTC denominated earnings. It's entirely possible for 1 BTC invested in Hashie to earn 1.2 BTC, 1.5 BTC^[1]. This depends on the Bitcoin price, and difficulty increases.

Your 4% difficult increase breakeven is based on the current Bitcoin price. If the Bitcoin price increases in the future, the maximum difficulty increase for breakeven in BTC terms will get higher. We're not bringing your return in fiat into this equation (as that is the fallacy), we're just talking about Bitcoin denominated returns.

What else? Well, their pricing is good. Actually I think it's slightly better than buying and running my own S3/C1 or Prisma at 0.10 USD per kWh, which is rare for cloud services.

You can colo for a lot cheaper than $0.10 / kWh. There can be logistics issues, but that's why we don't set up a farm ourselves in our closest datacenter - we leave that to people who can do it the most competitively.

^[1] Of course, in USD terms you'd be a lot richer!

-Sahra

[t96]

can we get that trollbox added (chatbox)  also can you add beside our total balance the conversion in USD value as well please

[dyask]

We charge maintenance fees and sell miners in USD, so earnings estimates will obviously be significantly lower when Bitcoin is in a slump.

That is true, my calculations were based on BTC staying at the same price which is unlikely.   If BTC doubled in price it would make a big impact on the earnings.

[suchmoon]

We charge maintenance fees and sell miners in USD, so earnings estimates will obviously be significantly lower when Bitcoin is in a slump.

That is true, my calculations were based on BTC staying at the same price which is unlikely.   If BTC doubled in price it would make a big impact on the earnings.

I always do my ROI estimates at current price, makes my life a lot easier and is not as inaccurate as it may seem. Don't forget that higher BTC/USD rate will very likely cause faster difficulty growth, thus less revenue in BTC. And the other way round too, if the rate drops further, difficulty will likely stagnate or even decrease, thus more revenue in BTC.

[hashie]

Perhaps you could make an announcement and a set time to show your hashpower on BTC guild again? You could announce a few days or a week ahead of time that you will be moving the hashpower for say 30mins at a specified time of day, and give people plenty of time to witness it for themselves. I'm not trying to accuse you of photoshopping that last photo or anything, but I certainly did not see it for myself and I tend to be rather cautious as I have already lost money to two different scams involving bitcoin and I'm just trying to cover my own ass .

https://www.btcguild.com/index.php?page=rankings&section=teams

Someone else screenshot please?

-Sahra

[suchmoon]

Perhaps you could make an announcement and a set time to show your hashpower on BTC guild again? You could announce a few days or a week ahead of time that you will be moving the hashpower for say 30mins at a specified time of day, and give people plenty of time to witness it for themselves. I'm not trying to accuse you of photoshopping that last photo or anything, but I certainly did not see it for myself and I tend to be rather cautious as I have already lost money to two different scams involving bitcoin and I'm just trying to cover my own ass .

https://www.btcguild.com/index.php?page=rankings&section=teams

Someone else screenshot please?

-Sahra

http://i.snag.gy/1ysVt.jpg

[hashie]

Oct 25th update

- Phone verification no longer required for free miner claims

- Added way to check pending / unconfirmed deposits (thanks zupernick)

- Added approximate value of balance in USD in the Finances page (thanks t96)

- Lowered affiliate minimum cashout threshold to 0.01 BTC (miner) and 0.04 BTC (cash).

-Sahra

[t96]

Thanks Hashie!

[corygto]

Perhaps you could make an announcement and a set time to show your hashpower on BTC guild again? You could announce a few days or a week ahead of time that you will be moving the hashpower for say 30mins at a specified time of day, and give people plenty of time to witness it for themselves. I'm not trying to accuse you of photoshopping that last photo or anything, but I certainly did not see it for myself and I tend to be rather cautious as I have already lost money to two different scams involving bitcoin and I'm just trying to cover my own ass .

https://www.btcguild.com/index.php?page=rankings&section=teams

Someone else screenshot please?

-Sahra

Thank you for addressing my questions! I understand more now about the whole contracting situation, and I saw the screenshot that somebody else took. You guys are gaining my trust, so I look forward to throwing money at you ^^.

[AnonBitCoiner]

Oct 25th update

- Phone verification no longer required for free miner claims

- Added way to check pending / unconfirmed deposits (thanks zupernick)

- Added approximate value of balance in USD in the Finances page (thanks t96)

- Lowered affiliate minimum cashout threshold to 0.01 BTC (miner) and 0.04 BTC (cash).

-Sahra

Hashie, it's not letting me verify the account when I enter in my number. I entered in my number, but I never received a text confirmation; there's no option to resend it. Can you manually change it for my account?

[Palagan]

it is only me or everyone else also notice? ...
there is no logout button on hashie dashboard

[galdur]

Account/Log out

[Palagan]

Account/Log out

ahh there you are ... 

[PatrickStarr]

Hmmm.... my spider-sense is tingling pretty hard on this one...   

The offer for the free miner seems to good to be true... but then you can't withdraw any coins without first putting in at least $10.  And your website address is super super super super young.  Like 17 days young...  Where are you guys located?  Why not allow people to withdraw their free coins since it's their free miner? 

If you guys do stick around and don't vanish as so many of these companies have, then maybe allow people to get their free coins with the free miner.