When you first purchase hashrates from us, once the hashrates start mining, the payout will be deposited into your Hashnest wallet automatically after a block is found.
Note: We cannot allocate your payout to a wallet that is not Hashnest. All payouts have to go to Hashnest wallet first.
The payout is given out based on the amount of hashrates (PPLNS reward system) you have contributed in a mining pool. We use Antpool as our mining pool. Given that in Antpool 5000.00 PH/s has been put in to solve a block and you own 300.00 TH/s, you get paid proportionally.
PPLNS in basic term means your payouts are hugely depending on the pool’s work and luck. The higher the luck, the faster the work gets submitted, the more blocks are solved, the more you earn.
You can expect multiple payouts a day depending on how many blocks are solved by the mining pool daily. Your payouts are subjected to electricity and maintenance costs. In Hashnest, we put them together as maintenance fee. The maintenance fee varies by different miner.
We do not charge your maintenance fee by day; we charge by block. Your payout per block will be used to pay for your maintenance fees used per block, the remaining amount is then your profit. Check your transaction page to see all the information of your solved block, its rewards and maintenance fee incurred.
For example, in this screenshot, 1 TH/s brings about a payout of 0.12762886 USD as seen on the graph gradient. The maintenance cost takes away 53.69% of the payout, making the daily profit to be about USD$0.06/TH. If you have a full miner’s hashrates which is 50TH, you can get USD 0.06/TH*50TH=USD 3 per day.