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Cloud Mining - Cryptocurrencies
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dwRK
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 Jul 13 2017, 11:03 AM
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Hi Sifus... Been reading till pening...sorry if I repeat again some info...posts are coming in hot and heavy...and I uncle getting forgetful... Please help noobs to get started  Thanks. GigaWatts - best for now if got funds. You buy tokens & L3+, mine LTC until L3+ kaput or payout not worth. Start mining in few months time after L3+ delivery. Payment in LTC only. Hashnest - L3+ no stock. Select AntL3 and buy/bid hash power from others...correct? How long do you own this hash power? This one a bit confusing. Payment in LTC only. Genesis - follow TS  buy Dash contract for 2 yrs. Payment in Visa or coins. So first steps to get started for total noobs... 1. Set up private wallet, eg. Exodus. 2. Sign up Luno, transfer RM to buy BTC. 3. Sign up for plans, say Hashnest. Use Luno wallet transfer BTC to Hashnest. Use Hashnest to shapeshift BTC to LTC, and pay for Hashrate. Thanks. This post has been edited by dwRK: Jul 13 2017, 11:05 AM |
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dwRK
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Jul 13 2017, 11:56 AM
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QUOTE(raynman @ Jul 13 2017, 11:32 AM) The HashNest AntL3 contract is also lifetime. No expiry date. Mine until the L3 kaput. Dunno when.  Thank you TS! Forgot to mention earlier. Just saw Hashflare takes visa too...might be easier to start here... Hashflare vs Hashnest...which one better? |
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dwRK
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Jul 14 2017, 10:09 AM
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for gigawatts...mine till L3+ kaput or replace with L5/L6...or new coin machine... for next 50yrs because we have the rights to the rental...the old L3+ is junked or sold...for now not mentioned what is the plan
for hashnest...you mine until you feel L3 has peaked and sell the hash power off early...and buy whatever L5/L6 hashpower to continue...
for gigawatts...you make more per day but only starts in October...difficulty will have increased...
for hashnest...cost more and make less vs gigawatts but you start making easier money immediately
i'm just curious how to compare the economics...anyone done the maths this way? gigawatts still ends up on top? i'm thinking loud...I don't know enough for the financial calculations...
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dwRK
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Jul 14 2017, 10:37 AM
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QUOTE(Ch3n_low @ Jul 14 2017, 10:35 AM) for next 50 years...sure got something... |
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dwRK
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Jul 14 2017, 10:40 AM
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stupid genesis/dash wont accept more that US100...select btc also cannot...
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dwRK
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Jul 14 2017, 07:01 PM
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trying to send BTC fractions to somebody... trying out shapeshift BTC to LTC... its been 2 hrs gone from wallet...and nothing received nothing done...what is happening??? miners on strike?  big volumes from big taikos here no doubt why does it takes so long? This post has been edited by dwRK: Jul 14 2017, 07:05 PM |
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dwRK
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Jul 14 2017, 11:03 PM
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QUOTE(Ch3n_low @ Jul 14 2017, 10:43 PM) btc is slow these days... do you have transaction id? I can see on the blockchain...close to 3 hrs for 3 verification... now done. Meanwhile btc dropped vs usd...delay cause me to have insufficient funds due to the exchange... tomorrow got to top up... Pening.... Lol |
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dwRK
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Jul 15 2017, 12:46 PM
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QUOTE(evolution120 @ Jul 14 2017, 11:36 PM) thanks mate, any idea on hashnest's power cost? QUOTE(raynman @ Jul 14 2017, 11:40 PM) About $0.0635 per KWh My calculations based on L3+... 800W +10% = 880W = 0.88KW 0.88KW x 24h = 21.12 KWh ....(1) Maint fee assumes include power...it only makes sense because it scales to MHS 0.00266 $/MHS-d x 504MHS = $1.34 per day ...(2) So from 1 & 2... 1.34/21.12 = 0.0635 $/KWh This post has been edited by dwRK: Jul 15 2017, 12:56 PM |
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dwRK
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Jul 15 2017, 01:45 PM
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QUOTE(dc_talkz @ Jul 15 2017, 12:53 PM) » Click to show Spoiler - click again to hide... « This might be an unpopular opinion but personally, I feel that it is bad timing to be dumping all your resources into Hashnest, or any other cloud mining right now. Don't get me wrong though, I am totally for Hashnest, in fact, it is the only cloud mining that I'd invest in and I plan to in future. The thing is, with the current crash, it is only a matter of time until the market recovers (most likely after August 1st, or a few days before). And when that happens, you would not want most of your funds to be lying on mining contracts. The percentages of return would be nowhere close to the return you will be getting if, for example, you have your money parked at ETH, or ANS, or any of the top 15 coins. Obviously, there is no proven data that this will definitely happen, but if you're a believer in the potential of crypto like I am, you ought to believe that it will recover. Personally, I feel the best time to invest is after the recovery but hey, that's just me. Of course, you could also sell all your mining contracts right before market recovery and dump the money back into cryptos to have the best of both worlds (Hashest income and market recovery), provided that you can time it correctly.
Sorry if this might come as a FUD, I'm not trying to throw cold water here. Just staying objective. Hashnest is a very good investment nonetheless, if you're looking long term and wants to have peace of mind with passive incomes, by all means..  I doubt the sifus here have dump all their money in...I'm sure some are waiting to dump more soon... Some needs to get started for learning purposes... QUOTE(denimblue @ Jul 15 2017, 01:17 PM) You are thinking like a trader, but we are miners first. Generating coins is our first priority, not trading. Nothing wrong trying to save some cost...afterall need to get coins and timing horizon is imminent... This post has been edited by dwRK: Jul 15 2017, 01:51 PM |
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dwRK
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Jul 15 2017, 02:25 PM
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QUOTE(raynman @ Jul 15 2017, 01:42 PM) Sorry, I meant $0.0027 per MH/s. No worries... I know you know... just got some free time to calculate... BTW, it's a piss poor job Hashnest putting that up...it fails the logic test...Say L3, less hashrate same power... the $/KWh goes down per the cal...but it shouldn't...it's only ok for their purpose of calculating the maintenance cost... This post has been edited by dwRK: Jul 15 2017, 02:43 PM |
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dwRK
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Jul 15 2017, 03:51 PM
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QUOTE(dc_talkz @ Jul 15 2017, 03:28 PM) Haha. So this is how it is going to be huh? One post about differing opinions and all of the sudden I'm public enemy No.1. C'mmon guys, was I intentionally picking on you? I've said countless times that I'm not against mining. And why do mining and trading have to be distinct from each other? You guys don't trade? I think they kidding troll you only lah... end with smiley what The also bid on hashnest... just like trader... lol |
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dwRK
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Jul 15 2017, 04:30 PM
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QUOTE(cofin @ Jul 15 2017, 04:17 PM) i would be in Beijing from 4/9 to 12/9 .... weekend free to go Bitmain ...weekday need to work. But i didnt invest anything on Bitmain  QUOTE(raynman @ Jul 15 2017, 04:25 PM) You didn't buy the HashNest AntL3 contract?  BTC down... LTC down... both > -10%... ...hashnest contract... up up up... Pening... lol |
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dwRK
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Jul 15 2017, 05:19 PM
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QUOTE(evolution120 @ Jul 15 2017, 04:31 PM) guys, is it advisable to transfer btc to hashnest and exchange it into ltc by using their exchange? is directly send in ltc into hashnest will be a better deal? no hashnest charge 0.2% yes shapeshift charge 0.001 LTC flat ... but has a limit you can do the maths PS... my blockchain shows... Fee 0.00037400 for the miners I guess This post has been edited by dwRK: Jul 15 2017, 05:29 PM |
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dwRK
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Jul 15 2017, 11:06 PM
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QUOTE(jack2 @ Jul 15 2017, 08:50 PM) OMG Yesterday was 0.34 Now Ask(5) 0.36698053 3.0 M 1.10094159 Ask(4) 0.36600000 2.0 M 0.73200000 Ask(3) 0.36500000 20.0 M 7.30000000 Ask(2) 0.36400000 10.0 M 3.64000000 Ask(1) 0.36336498 3.0 M 1.09009494 Bid(1) 0.36200001 1.0 M 0.36200001 Bid(2) 0.36200000 1.0 M 0.36200000 Bid(3) 0.36164287 1.0 M 0.36164287 Bid(4) 0.36164286 1.0 M 0.36164286 Bid(5) 0.36110001 5.0 M 1.80550005 Walao... so Hashflare is now cheaper right? |
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dwRK
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Jul 16 2017, 08:33 AM
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Yup... Gonna be OMG day again here...  |
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dwRK
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Jul 16 2017, 09:20 AM
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QUOTE(firecrac @ Jul 16 2017, 09:04 AM) » Click to show Spoiler - click again to hide... «
Not purely luck, is because of ASICBOOST https://medium.com/@WhalePanda/asicboost-th...it-901fd346ee9f? Isn't that article on BTC...and mostly speculative? LTC algo is different...no idea of any boost, due to luck or scale... I think some days payout are poor |
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dwRK
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Jul 16 2017, 09:42 AM
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Saw this on hashnest...what does it mean? For ppl to claim back their machine or hashpower?  Edit...OK found answer in faq This post has been edited by dwRK: Jul 16 2017, 09:48 AM |
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dwRK
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Jul 16 2017, 10:12 AM
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QUOTE(raynman @ Jul 16 2017, 09:54 AM) This redemption only applies if you have bought hashrate tied to a miner purchase at the SHOP. It does not apply if you bought hashrate from the OPEN MARKET. Hashnest will just terminate all contracts bought from the open market at the end of the redemption period. Thanks for the answer. :thumbsup: So for hashnest... knowing when to stop reinvesting, start selling and withdraw is crucial... Otherwise you have only expired MHS...becomes Ponzi... lol |
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dwRK
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Jul 16 2017, 01:26 PM
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Spent 2 days & night running econs and strategies... Gigawatts (GW)... still tops... Hashnest (HN)... can just about match GW but needs a bit more active management... lol... buy n sit back gets you only half its potential...stop reinvesting too early, sell too late also sucks... Both are awesome! TQ TS again... |
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dwRK
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Jul 16 2017, 05:07 PM
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The 880 token is about 25 LTC... can putting it in HN offset the higher tariffs at GW?
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