Hashnest – a division engaged in the field of cloud mining Chinese company Bitmain has announced the onset of the waiting period under the contracts S9. Contracts mingw on bitcoin ASIC BitMain Antminer S9.
The waiting period under the contracts occurs when the costs (mainly electricity) exceed the profits made. The waiting period under the contracts lasts for 10 days. If during those ten days the price of bitcoin will rise to a level where the work under these contracts will again become profitable next will come the phase of the “waiting period redemption equipment”. During which users which have sufficient funds in the account can redeem the equipment, more precisely to apply for the ransom.