Hashnest Cloud Mining Review
Reviews about Hashnest Cloud Mining (2)
HashNest Platform Review
HashNest is a cloud mining platform where users can mine cryptocurrencies without using their own hardware. The company participates in the process of developing Antminer for Bitcoin mining through its parent company, BitMain technologies. BitMain have led in the production of Bitcoin mining rigs and ASIC chips.
Headquartered in Beijing, China, Hashnest have other offices in Amsterdam, Hong Kong, Tel Aviv, Shenzhen, Qingdao and Chengdu. One of the co-founders is Wu Jihan, financial analyst and manager of the investment fund .
Hashnest reviews show that it remains the global leader in cloud mining with over 37,000 users preferring it. The company has continually improved its services using excellent technologies and ever-growing experience.
The Advantages Of Hashnest Technology
- Hashnest possesses a variety of hardware, making it an universal mining platform.
- The platform supports Litecoin, Bitcoin and Ethereum cloud mining.
- The service levies maintenance costs of $21/TH/Day for power rated at 115W/GHS.
- Hashnest employs a two-factor authentication security mechanism to secure its activities. It makes the service trustworthy and reliable.
- Miners can manage their investments, purchase the mining power and monitor the payouts. All real-time statistics are available in the personal account.
Mining Hardware And Its Features
HashNest offers to buy hashrate of Antminer S7, Antminer S9 and Antminer L3. The first two miners run on SHA-256 algorithm for Bitcoin mining, the last one is for Litecoin.
Antminer S7 was released in 2015. Its has a hashrate of 4.73 TH/s and power efficiency of 0.25W/Gh. The S7 is twice more efficient than the Antminer S5 and has two fans which keep it cool.
The BM1387 chip was developed using TSMC’s 16nm FinFET technology. It has an outstanding record of delivering 0.098J/GHs, making it the most preferred mining chip in the consumer market. Antminer S9 employes 189 chips to ensure efficiency and has the highest hashrate as compared to tools. It possesses the power of S7 thrice and doubles its effectiveness. The miner capacity is 13.5 Th/s and power efficiency is 0.098 W/Gh.
The L3 is a Scrypt-algorithm based miner for Litecoin mining. AntMiner L3 has a hashrate of 255 MH/s and its power consumption is 400 W. The miner has one fan with the noise level of 65 dB.
How To Register And Get Started
You will be required to fill a registration form available on BitMain’s official website. Fill the types available in the following procedure. Enter your email address, create and confirm a password and agree to the terms and conditions. Click the “Create Account” button as soon as you fill the forms correctly. The Bitman will send you a verification message with a link to your email address. Click the link to confirm your registration and provide your phone number to complete the creating an account.
HashNest Payout Accelerated Cloud Mining Contract
On the dashboard you can find a new product from Hashnest.com. It is an electronic low-risk contract PACMiC (Payout Accelerated Cloud Mining Contract) with 6 TH/s of hashing power for 1 BTC. All maintenance fees and electricity costs are included in the price. The main feature of the PACMiC is that profit will accumulate every second after the first block has been found and the revenue will be divided between investors. The contract ends when the principal is paid back.
If the PACMiC has not returned the investments in 4 month, whether because of Bitcoin price decrease or the other difficulties, the Bitman will pay for 10 days as though the contract were running. If the mining conditions haven’t changed, the process will be temporarily stopped as well as revenue payments and the contract will be reinstated after difficulties have solved or BTC price has risen.
HashNest Profit Calculations
There is a universal formula to calculate the Hashnest profit. To find it you should multiply Bitcoin unpaid principal, satoshis per second (0.45) and amount of seconds to find a block. The amount, which remain after the profit was paid, will be count the principal payout. Users should to pay attention to the fact that information about blocks should be confirmed six times on AntPool and only after that it’ll transfer to Hashnest. That is why payments and profit will be on a delay from the network.
How To Withdraw From Hashnest
Bitcoin is the principal payment method of HashNest. To make a withdrawal go to Wallet page of your HashNest account, select a currency and click the button. The payout will be completed after a system confirmation. It takes about 10-30 minutes and depends on network conditions. The service charges withdrawal fees to the tune of 0.0002 BTC, so the minimal payout sum is 0.0004 BTC. All the transactions can be checked on Btc.com through their Transaction ID you’ll find in your account.
I have been using this service for a long time and trust it, in particular, because it is part of a large Bitmain Technologies company. I'm attracted to the opportunity to get equipment after the expiration of the contract, as well as the opportunity to sell capacity on the exchange.
The service is trusted but I have a doubt about their new contract PACMiC. Maybe it's only for experienced miners, I don't know