Don't get me wrong, though, there are still reasons to invest in the Hashnest market - very good reasons. Let's say you live in Iceland or Venezuela and you can practically disregard the cost of electricity altogether. Then mining with S7s at your own location is still profitable.

Now if you were to buy an S7 from Hashnest directly right now, it would be 0.662 BTC or roughly 435$. However, if you just buy the shares on the market, and the current price per share goes as low as 6000 sat / GHS, then you'll end up paying 0.292 BTC or roughly 195$ for one machine.

If you factor in the handling fees of 50$, then you'll be paying 245$ per machine (and you get some free running time until they become unprofitable and sent to you) in comparison to the 435$ you would have to pay ordering directly from Hashnest. That's a 44% discount at least (since we didn't factor in running time until they're being sent to you)



So if you are lucky enough to be in one of those locations were electricity just isn't an issue, or you have surplus electricity from other sources that needs to be used, like solar panels, then the Hashnest market can be a great place to look for cheap hashing machines right now.

Personally, I am not as lucky since the electricity costs in my country are enormous. However, the Antminer S7 is selling for 400-500$ on local websites in my country, regularly, so I'll probably just sell on the units I'll get through the redemption process, make a profit on those and invest everything in S9 hashes.



So as you can see, there are still multiple ways to profit from the heavy devaluation of the S7 hashes - however, it is not through cloud mining anymore, as they will soon become obsolete in that regard.