How to Profit with Bitmain Hashnest
Wij made investments te all available Bitmain Hashnest contracts to help our readers choose the most profitable investment strategy. The spreadsheet will be updated regularly to showcase which Hashnest bitcoin cloud mining contract is most profitable. Wij will also share our beloved strategies to earn superb monthly comebacks with low risk.
Our PACMiC v1 contract wasgoed bought with Auto-Rebuy (append) turned on. The Antminer S2 market is thinly traded so wij were only able to buy 105 GH/s. The spreadsheet will be updated with weekly profits and projected ROI.
On Legitimate April, 2015 with bitcoin price at $222 our best performing contract at Hashnest wasgoed S4, followed by S3 then S5. However the spread from S3 to S5 wasgoed only three weeks. Wij have Auto-Rebuy enabled for our PACMiC contract. Te the one month the contract has bot active hashrate has enlargened from 1.0 TH/s to 1.26 TH/s.
Hashnest sent this notice on 14 April to all customers:
Due to the falling bitcoin price this week, ANTS2 and UMISOO contracts presently have higher maintenance fees than they do revenues. From April 14th, 2015 (Beijing time, GMT+8), Hashnest will calculate once daily ANTS2 and UMISOO expected revenues on a PPS onderstel. This calculation will be performed inbetween 12:00 and 13:00 Beijing time each day. If this calculation comebacks a negative result, the losses will not be deducted from your remaining balance. If negative income conditions persist for ten days ter a row, ANTS2 and UMISOO contracts will be terminated.
To avoid contract termination should bitcoin price proceed to fall wij recommend you purchase only S3, S4, S5 and PACMiC v1 contracts at this time. S5 and PACMiC are least likely to be cancelled if bitcoin price declines under $200.
A low risk strategy to earn 15% vanaf month investing at Hashnest
Our PACMiC v1 contract expired on Four July returning Four.16% rente te 107 days at bitcoin price of $273. This would extrapolate to 14.2% vanaf year. Wij invested $260 and got our principal back plus $17 te profit. Not bad you think?
Well, consider that wij also bought 200 GH/s of S5 hashing at the same time for $Sixty-nine that has made us $34 te profit so far. I can sell that 200 GH/s today for $74 on the Hashnest market. I would not only get my principal back but also $38 te profit or 55% profit te the same amount of time. Would you rather have 4% profit or 55%?
Buying PACMiC contracts wasgoed nowhere near spil profitable spil investing ter S5 hashing power overheen the time framework of our proefneming. You could lightly earn 15% vanaf month buying S5 GH/s hashing power, holding for a few months to earn mining income, then selling hashing power at a profit. This strategy works best when the bitcoin market is trending up: you want to be able to hold your GH/s until bitcoin price appreciates. You can then sell your GH/s for a clean profit to add to your mining income already banked.
Antminer S3, S4 and S5 were all taking about 30 weeks to ROI at the time wij sold, assuming no difficulty increase and stable bitcoin price of $273. Wij suspect when difficulty is figured ter ROI for all three will be harshly one year. Zeus Halley is proving to be not spil good an investment spil any of the Antminer contracts with ROI of 54 weeks.
Wij ended our proef on July 6 selling off all our outstanding Hashnest contracts. Wij were able to sell S3, S4 and S5 hashes for a profit. UMISOO and S2 were sold at a loss (see the spreadsheet.) Profit on S3 from sale of shares and mining income wasgoed 70%, S4 wasgoed 61%, S5 wasgoed 55% and UMISOO wasgoed 11%. S2 wasgoed sold at a loss of 23%.
The S2 market is thinly traded and not recommended. UMISOO is volatile so if you invest ter UMISOO shares check your investment often to make sure you can sell your shares for what you paid for them. At the time wij sold S3 wasgoed the best investment for someone who does not want to check prices every duo of days.
The original PACMiC v1 which wasgoed advertised spil paying 22% APR sold out quickly and Hashnest recently introduced a fresh PACMiC v2 contract that only pays 14% APR. Note from our actual figures that our PACMiC v1 only returned 14% APR, not 22% so wij suspect the rate of terugwedstrijd for PACMiC v2 may be less than advertised.
At this time wij are not struck with the comes back for PACMiC contracts. Wij have shown you are better off purchasing hashing power instead, particularly te a bitcoin bull market where you can usually sell your hash for more than you paid for it.
If you only have $50 or $100 to invest you can still earn outstanding comes back buying Antminer hashing, especially if bitcoin price proceeds to rise. Just buy the current most profitable contract on the Hashnest market, hold to earn bitcoin from mining, then sell your hash at a profit when you choose.
Every weekend wij will invest te all Hashnest contracts and publish the current most profitable contract to own te comments for this article. For the weekend ending July Nineteen UMISOO wasgoed the most profitable contract to purchase with S3 te 2nd place.
A good reference wij can recommend is nextdifficulty.com. The charts can help you determine inbetween purchasing hosted mining from Hashnest or setting up your own miner. At this time purchasing UMISOO hashing power is spil profitable spil hosting your own S5 miner at huis.
How to Time Your Buy Orders at Hashnest
Suppose you have determined that you want to buy UMISOO GH/s at Hashnest and hold for a few weeks to months. Do not just leap ter and buy at market, you want to time your buy orders to get a favorable price. Go to the History tabulator for UMISOO and select 1d:
Use the slider overheen the date line at the bottom of the chart to adjust the scale. Hover your cursor overheen the green and crimson kroegen to get a popup with daily open, high, low, close and volume. The trick to getting the best price when you buy a contract at Hashnest is to wait for a down day with a crimson folder, the longer the buffet (higher volume) the better. Reminisce each day at Hashnest closes at 2400 GMT. Soon after the trading day closes and you know the close and low for the day you want to place a buy order for the current day. There is a bit of an kunst to selecting a buy price. One method that works well and I suggest you attempt out is to split the difference inbetween the low and close for yesterday and use that value to place a buy order for today. Most of the time you will get your order packed at a good price.
Once you are ter the market you need to set a sell order. A 5-10% profit is often attainable so I would suggest you place a sell order at 1.05 to 1.1 times the price you paid for your GH/s. You also want to monitor the market daily to make sure your GH/s are not pulling down ter price. Even however mining profits will make up for a geschreven dip ter price you may want to sell and uitgang the market if you see the value of your GH/s druppel by 5%. Reminisce to let your winning trades rail and get rid of losing positions quickly. Overheen time using zindelijk trading discipline you should find your winning trades earning you a profit that is significantly higher than a few petite losses. All the time you are trading you also have the verzekeringspremie of mining income when a position is open.
Day Trading Hashnest Mining Contracts
Another strategy that you might want to employ is to day trade mining contracts at Hashnest. When day trading you are attempting to better the comebacks you would get by buying and holding. Ter an up trending market you can often buy and sell hashing power for a day’s mining profits more than once a day. Just take a look at the daily charts for each class of hash and determine which contract is trending upward and you would like to day trade.
A little background information: all classes of hashing power at Hashnest (UMISOO, S2-S5) pay out the same amount ter bitcoin mined vanaf GH/s vanaf day. They vary ter cost vanaf GH/s and also on the amount of maintenance fees you are charged, with S5 having the lowest fees spil a percentage of bitcoin mined.
But S5 may not be the most profitable contract based on the daily earning yield, which you calculate by deducting the maintenance toverfee from the bitcoin mined divided by price paid. Maintenance fees are charged ter dollars and represent a greater percentage of profits spil the price goes down and a lower percentage spil the price goes up
To determine the bitcoin mined vanaf GH/s go to Alloscomp and inject 1.0 GH/s te the bitcoin mining rekenmachine. Then note the bitcoin mined vanaf GH/s vanaf day for this mining difficulty level. Once you have the bitcoin mined amount from Alloscomp go to the stats window ter Hashnest for the hash you are buying. Take note of the last price and maintenance toverfee vanaf GH/s/day. The maintenance toverfee is given ter dollars so divide by the current bitcoin price to get the maintenance toverfee ter bitcoin vanaf GH/s/day.
Then calculate the yield/GH/s = bitcoin mined – maintenance toverfee. Once you have this number it is the televisiekanaal daily mining profit vanaf GH/s. I recommend you place a buy order at last price minus one day’s mining profit and once packed place a sell order at your pack price plus one day’s mining profits. Ter an uptrend chances are good that you will get your sell order packed te a few hours. Congrats! You just made two day’s mining profit te less than a day and can often repeat the process again the same day. On a good day if you repeat the process twice you will receive four times the mining profits compared to buy and hold.
Here is a peak you can use to increase your UMISOO trading profits. UMISOO payout is different from the other contracts at Hashnest. It is PPS (pay vanaf share) paid once a day at exactly 0400 GMT. Spil long spil you buy your UMISOO hash before 0400 GMT you will receive a utter day’s mining payout at 0400. Just place a buy order at market a duo of minutes before 0400 GMT and monitor your transactions. Spil soon spil you are paid mining profits place an order to sell your UMISOO hash for the price you bought.
Update: Hashnest Antminer S7
Spil of Nineteen September Hashnest is now selling the very efficient Antminer S7 and the price of S5 hash has crashed. You can buy S5 hashing power on the internal Hashnest market for only $0.20 vanaf GH/s. That is less than half what competitors like Genesis Mining are attempting to sell SHA-256 hash for.
You can only pre-order the S7 to hash at present and your hashing power will be deployed by end of business day Ten October. Based on past voorstelling if you bought an S7 to hash now it will voorstelling up ter your Hashnest user panel exactly spil promised.
The Antminer S7 is the most power efficient bitcoin miner you can buy with daily maintenance fees half of the Antminer S5. With the very low maintenance fees $0.40 vanaf GH/s is a fair price and exactly what you will pay Hashnest if you order an S7 to hash now. You will have to cough up $1923 to purchase 4860 GH/s and your S7 hash will embark hashing on 11 October. Once trading starts I think you can expect the price to be higher than $0.40 vanaf GH/s at very first until traders determine the fair market price.
Because S5 hash is under priced presently if you absolutely have to buy bitcoin mining right now S5 is your best option. If you have the funds you may want to earnestly consider buying a total S7 to hash. Once the S7 market is open on Hashnest that is where the activity will be. You can leave behind about all other cloud mining providers spil no one will be able to match the low daily fees and ontsteld for the buck of S7.
Wij look forward to S7 hash trading on Hashnest and hope to provide some pointers on how to profit from trading S7.
Update 11 October
Hashnest began trading for S7 hash on Friday 9 October. The price demanded by sellers is too high at present to permit ROI ter less than a year. Actually S5 hosted mining is now the best overeenkomst at Hashnest: price is ter a brief term uptrend and ROI is less than one year. Please see our fresh article Hashnest S7 vs S5: Which To Buy Now? for analysis and recommendations.
Our three month proefneming showcased that Antminer S3 contracts are the most profitable and the recommended investment at Hashnest right now.
This weekend ending July 12 UMISOO became the most profitable contract to own at Hashnest.
Thanks for this write up! After reading your article I determined to metselspecie out from Bit-X and invest ter Hashnest. If I have approx 1.Four Bitcoin, would you recommend splitting this inbetween contracts or investing it all ter the Antminer S3 hash market?
Hi Jason, thanks for the mooipraterij. This week UMISOO is the Hashnest contract with highest daily yield vanaf dollar invested. S3 is te 2nd place. You could invest entirely te UMISOO or split the investment inbetween UMISOO and S3.
Monday 20 July UMISOO is the most profitable contract at Hashnest. The market is becoming more efficient and the difference inbetween contracts is narrowing, but UMISOO is still the clear winner at this time.
The Hashnest internal market is now efficient with no advantage to buying a particular contract other than liquidity. Since S5 has highest daily volume wij will concentrate on trading S5 hash using momentum methods. More to come!
Wij bought Zeus VGHSv1 today to compare yield with PACMiC and HaoBTC see the spreadsheet for details. Contract only lasts 30 days.
UMISOO is the recommended contract at Hashnest. Not only does it have highest daily volume but it is the only contract whose price is ter an uptrend. Traders have bot exiting S5 hash and buying UMISOO.
thanks allegro110. this is amazing tutorial.
you did a good job summarizing this thing up to date.
may you are always ter good health.
Do you have comment or suggestion on what is the best contract to invest te after bitcoin price druppel on 8th august. Thanks for sharing
At present price of all contracts at Hashnest are te downtrend so best to stand aside until bitcoin price stops sideways movement and resumes increase. The current most profitable contract on a daily yield onderstel is S5, but UMISOO will quickly resume number one spot when bitcoin price rises.
i dont understand about Day Trading Hashnest Mining Contracts which mean how much wij buy and how much wij sell? until now, i only have 120 ghs on s5. which one do you recommend? choose stay on s5, or need to switch into s4, beside of waiting for s7. thank you
If you can sell your S5 GH/s for a profit I would do so and have the bitcoin ready to invest ter fresh S7 which will embark trading 11 October.
ahhh but for now, the price of S5 vanaf GHS wasgoed druppel until 0.0006 / GHS, i think i would keep it for a while until there is a good price to sell it.
Hashnest announced today that another 500 S7 will be up for sale ter Hashnest on November Trio. The old price of S7 bought to hash wasgoed $1923 for 4860 GHs or 6.124 bitcoin at bitcoin price of $314. That works out to .00126 btc/GH/s. No reason for Hashnest to lower the price, they will be looking to get top dollar.
S5 however is going to get hammered by the halfing, if you can’t RoI a S5 before mid-July 2016 it’s unlikely to everzwijn RoI spil it will go unprofitable at that point, ESPECIALLY at Bitmain’s highish electrified “cost” they charge.