Dear Diary: Hashnest Is A Cloudmining Site Owned By Bitmain With A BTC-LTC BTC-BCH Exchanger And Hashpower Sell Option

cryptopie (81)in #cloudming • 6 years ago (edited)

Hashnest is one cloudmining site that mines Bitcoin and Litecoin. It also has a built-in exchanger for BTC-LTC pairs as well as BCH-BTC pairs which were an additional functionality/feature. You can also liquidate your hashing power if you do not want to mine anymore by using their built-in market where after your first deposit of LTC or BTC you can go there at the market tab section so you can buy and sell your hashing power.

Hashnest market.PNG

Under the Market Tab Section

You can use the "Market History" tab to see the chart regarding past price fluctuations if you would use Hashnest for trading purposes which I recommend than solely relying on profits coming from cloudmining. There are candles that will let you see the 30 minute, 1 hour, and one day price intervals and will let you see prices as far back as one year or from when mining started for S9 antminer or L3 Litecoin miner.

hashnest History.PNG

Read The Charts Before Trading

After depositing BTC or LTC in your wallet section you can now start by buying hash power and then if you want which I recommend, to sell your hashpower (Trade) so that you can get more profit. Now, while your own hashpower is still not executed in the market it will continue to mine for you.

It is better to read the charts first in the history tab section before placing your orders for buying and selling so that you will not be in a position with a problem in selling your LTC or BTC hashpower for profit. You can liquidate your hash anytime and withdraw them anytime. Please use 2FA to secure your money.

Notice that there is a downtrend in Hashing price because of many factors such as rising difficulty, Bitcoin price depreciation/volatility, and other market forces.

Please note that trading is a better way for profiting at hashnest but it is still risky as the markets are uncertain and the maintenance is making BTC mining there in the verge of stopping because of unprofitability issues.