HASHNEST Discussion and Support Thread - page 171.

DebitMe

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Get Paid Crypto To Walk or Drive

Quote from: byt411 on August 18, 2015, 11:30:29 AM

Quote from: DebitMe on August 17, 2015, 03:00:17 PM

Quote from: byt411 on August 17, 2015, 02:37:55 PM

Quote from: DebitMe on August 17, 2015, 01:36:03 PM

Quote from: byt411 on August 17, 2015, 01:30:29 PM

Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct?
With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115BTC, or something similar?
http://puu.sh/jEQSx/047c6fe155.png

No, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is.

Hmmm, but doesn't the .42ths come from "reinvesting", thus adding to the principal?
If not, then what is the purpose of autorebuy? To hope thT difficulty drops and you have ahigher hashpower and break even quicker?

yes it does, think of it like this on a per block basis...

You have 1 TH/s of mining power and are owed 1 btc. A block is solved! You get .0001 btc as your payout for having 1 TH/s of mining power and .000025 of that is profit and .000075 goes towards your principal.

Now without reinvest on, you have .0001 btc in your account and are still owed (1 - 0.000075) .999925 btc back from the PACMiC contract. You have a total of 1.000025 btc since you made a little profit.

Now with reinvest on, instead of that bitcoin going into your pocket, it just buys more hashpower. You have your hashpower increasing by .0001 btc (because that is what hit your account from the payout from the block), but your only owed 1.000025 btc since that is all your profit was.

Alright, Thanks. I have no idea why I have autorebuy turned on then.

Because you earn more over the life of the contract. Your interest will also be compounding.

byt411

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Quote from: DebitMe on August 17, 2015, 03:00:17 PM

Quote from: byt411 on August 17, 2015, 02:37:55 PM

Quote from: DebitMe on August 17, 2015, 01:36:03 PM

Quote from: byt411 on August 17, 2015, 01:30:29 PM

Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct?
With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115BTC, or something similar?
http://puu.sh/jEQSx/047c6fe155.png

No, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is.

Hmmm, but doesn't the .42ths come from "reinvesting", thus adding to the principal?
If not, then what is the purpose of autorebuy? To hope thT difficulty drops and you have ahigher hashpower and break even quicker?

yes it does, think of it like this on a per block basis...

You have 1 TH/s of mining power and are owed 1 btc. A block is solved! You get .0001 btc as your payout for having 1 TH/s of mining power and .000025 of that is profit and .000075 goes towards your principal.

Now without reinvest on, you have .0001 btc in your account and are still owed (1 - 0.000075) .999925 btc back from the PACMiC contract. You have a total of 1.000025 btc since you made a little profit.

Now with reinvest on, instead of that bitcoin going into your pocket, it just buys more hashpower. You have your hashpower increasing by .0001 btc (because that is what hit your account from the payout from the block), but your only owed 1.000025 btc since that is all your profit was.

Alright, Thanks. I have no idea why I have autorebuy turned on then.

DebitMe

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Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: byt411 on August 17, 2015, 02:37:55 PM

Quote from: DebitMe on August 17, 2015, 01:36:03 PM

Quote from: byt411 on August 17, 2015, 01:30:29 PM

Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct?
With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115BTC, or something similar?
http://puu.sh/jEQSx/047c6fe155.png

No, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is.

Hmmm, but doesn't the .42ths come from "reinvesting", thus adding to the principal?
If not, then what is the purpose of autorebuy? To hope thT difficulty drops and you have ahigher hashpower and break even quicker?

yes it does, think of it like this on a per block basis...

You have 1 TH/s of mining power and are owed 1 btc. A block is solved! You get .0001 btc as your payout for having 1 TH/s of mining power and .000025 of that is profit and .000075 goes towards your principal.

Now without reinvest on, you have .0001 btc in your account and are still owed (1 - 0.000075) .999925 btc back from the PACMiC contract. You have a total of 1.000025 btc since you made a little profit.

Now with reinvest on, instead of that bitcoin going into your pocket, it just buys more hashpower. You have your hashpower increasing by .0001 btc (because that is what hit your account from the payout from the block), but your only owed 1.000025 btc since that is all your profit was.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: DebitMe on August 17, 2015, 01:36:03 PM

Quote from: byt411 on August 17, 2015, 01:30:29 PM

Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct?
With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115BTC, or something similar?
http://puu.sh/jEQSx/047c6fe155.png

No, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is.

Hmmm, but doesn't the .42ths come from "reinvesting", thus adding to the principal?
If not, then what is the purpose of autorebuy? To hope thT difficulty drops and you have ahigher hashpower and break even quicker?

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: wlefever on August 17, 2015, 01:53:18 PM

Quote from: DebitMe on August 17, 2015, 01:36:03 PM

Quote from: byt411 on August 17, 2015, 01:30:29 PM

Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct?
With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115BTC, or something similar?
http://puu.sh/jEQSx/047c6fe155.png

No, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is.

Okay, so now I have a question. Can you still have Autobuy on for v2? I thought once they sold out, and v3 launched Autobuy would be turned off, and start paying back toward principal?

Yes it starts paying you back once V2 is all sold out. I have around 8 btc worth of contracts from V2 with autobuy enabled still, but they are paying me back now instead of continuing to accrue.

wlefever

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Activity: 1174

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Quote from: DebitMe on August 17, 2015, 01:36:03 PM

Quote from: byt411 on August 17, 2015, 01:30:29 PM

Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct?
With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115BTC, or something similar?
http://puu.sh/jEQSx/047c6fe155.png

No, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is.

Okay, so now I have a question. Can you still have Autobuy on for v2? I thought once they sold out, and v3 launched Autobuy would be turned off, and start paying back toward principal?

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: byt411 on August 17, 2015, 01:30:29 PM

Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct?
With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115BTC, or something similar?
http://puu.sh/jEQSx/047c6fe155.png

No, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is.

byt411

hero member

Activity: 798

Merit: 1000

Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct?
With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115BTC, or something similar?

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: BitcoinNewsMagazine on August 17, 2015, 11:00:45 AM

All Hashnest contracts are in price downtrend now. I am standing aside and not trading until MA5 crosses MA15 on the UMISOO daily chart.

Looks like a lot of money was pulled and is being pulled to put into PACMiC contracts since the return on V3 is so good. Once the buying settles down you should see a gradual up swing in price as people start to get profits returned and put into hash until they can buy more contracts or the next version comes out.

amelen

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Yup, hashnest shop price was just lowered again:

Price: 379.0 USD(1.47163435฿) Stock: 1302

BitcoinNewsMagazine

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All Hashnest contracts are in price downtrend now. I am standing aside and not trading until MA5 crosses MA15 on the UMISOO daily chart.

ajw7989

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Activity: 924

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Some people are seriously dumbing at .00125. 50 BTC worth

ajw7989

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As btc price goes down so does the S5 the reason for this is the value of buying a physical miner decreases. Remember on hash nest u can still buy S5 for dollar value. All other miners have no shop so they aren't affected like the S5 is.

skuser

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Activity: 291

Merit: 250

Quote from: crazyivan on August 17, 2015, 03:43:24 AM

Quote from: skuser on August 17, 2015, 01:08:01 AM

Quote from: crazyivan on August 16, 2015, 07:51:37 AM

BTC price goes down and S5 price goes down as well??? This is new.

I think price is slowly being adjusted to the fact halving day is less than year ahead which will cause S5 contract being virtually worthless. Current ROI takes too long at this rate and it is quite clear after 260 days it won'tbe possible to sell S5 at reasonable level. I think if you already ROIed selling all hashes now would yield the same income as keep mining and selling later.

You forget one important aspect, BTC price. According to your theory, BTC price ll stay constant after halving and this ll make S5 worthless. I can assure you, this is NOT going to happen. Look at LTC, couple months before halving, the price went up 3x. If something similar happens to BTC, S5 will mine less BTC, but at the same time that BTC ll be valued more.

This is the only option. If this does not happen, half of the farms will close down and there will be no BTC to satisfy demand and the price ll go up again to compensate.

I think recent BTC and S5 price movements are related to this BTC XT issues as well as naive belive ETH will be the next crypto gold. So many people sold their crypto assets to buy ETH. The result is not what they have expected, at least not yet.

Of course you're right, I was just reacting to your original question. Sure if BTC goes up the price of S5 contract should go up. Not like until recently when it reacted to price of S5 hardware set by Bitmain and in exactly opposite way as it 'should' Wink

crazyivan

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Quote from: skuser on August 17, 2015, 01:08:01 AM

Quote from: crazyivan on August 16, 2015, 07:51:37 AM

BTC price goes down and S5 price goes down as well??? This is new.

I think price is slowly being adjusted to the fact halving day is less than year ahead which will cause S5 contract being virtually worthless. Current ROI takes too long at this rate and it is quite clear after 260 days it won'tbe possible to sell S5 at reasonable level. I think if you already ROIed selling all hashes now would yield the same income as keep mining and selling later.

You forget one important aspect, BTC price. According to your theory, BTC price ll stay constant after halving and this ll make S5 worthless. I can assure you, this is NOT going to happen. Look at LTC, couple months before halving, the price went up 3x. If something similar happens to BTC, S5 will mine less BTC, but at the same time that BTC ll be valued more.

This is the only option. If this does not happen, half of the farms will close down and there will be no BTC to satisfy demand and the price ll go up again to compensate.

I think recent BTC and S5 price movements are related to this BTC XT issues as well as naive belive ETH will be the next crypto gold. So many people sold their crypto assets to buy ETH. The result is not what they have expected, at least not yet.

lottery248

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beware of your keys.

should bitmain add the antminer S5+ into the hashnest? (cheaper than antminer S5 in case of mining, and less electric power needed.)
that would make more sense and we would have more choice of whatever.
let's get the hashnest mining to user selectable in order to ensure the legitimacy of their service.
let's see how's going.

skuser

sr. member

Activity: 291

Merit: 250

Quote from: crazyivan on August 16, 2015, 07:51:37 AM

BTC price goes down and S5 price goes down as well??? This is new.

I think price is slowly being adjusted to the fact halving day is less than year ahead which will cause S5 contract being virtually worthless. Current ROI takes too long at this rate and it is quite clear after 260 days it won'tbe possible to sell S5 at reasonable level. I think if you already ROIed selling all hashes now would yield the same income as keep mining and selling later.

crazyivan

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Quote from: amelen on August 16, 2015, 07:43:33 AM

Price: 385.0 USD(1.48409074฿) Stock: 1318

Price down to $385, market price down to 0.00127.

BTC price goes down and S5 price goes down as well??? This is new.

amelen

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Activity: 165

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Price: 385.0 USD(1.48409074฿) Stock: 1318

Price down to $385, market price down to 0.00127.

Xian01

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Christian Antkow

Quote from: wlefever on August 13, 2015, 08:29:48 AM

Quote from: valkir on August 13, 2015, 08:23:28 AM

Will the auto-rebuy buy only when we reach 0.666 or it buy part of th ?

It buys part of a TH, and compounds. It starts off increasing slow, but if you leave it on can really increase your Hash and principal amount.

I'm trying this myself. Does this mean that it starts paying off the adjusted principal and profit from the increased hash rate as soon as I flip the switch to stop the auto buy.

What would happen if I were to just auto buy for 120 days amassing hash rate, then stopped the auto buy. More profit at the end due to having to work off the larger principal ?

Topic: HASHNEST Discussion and Support Thread - page 171. (Read 660097 times)