what was the first pacmic payout rate , pacmic v2 is 0.45
first one was literally double it .7
They got greedy with version 2 and cut the interest in half essentially
Half of .7 is .35, so they didn't slash it quite in half. I'm also not sure if the change could be described as greed, they likely needed to fine tune what is a nascent offering.
That said, I'm not sure if I'm going to buy into this round. I think I could do better in the slightly riskier Hashnet market.
Yea, if the original PACMiC was 22% APR, this one will be roughly 14% or so, not sure its worth it unfortunately since it isn't risk free and depending on the difficulty over the next couple of months, could actually be more risky than buying other hash since you can't cut your losses and get out.
That being said, I will buy some because for now, I think they are a good stable return.
EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?
EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.
If PACMiC v2 is only paying 14% APR you can do better with an interest bearing wallet at HaoBTC. If you deposit 10 bitcoin for twelve months you will receive 15.58% APR. For wallets holding under 10 bitcoin the APR is fixed 8%. Advantage over PACMiC is you can withdraw your funds at any time.
Weren't they having some kind of problems with paying out users or being insolvent? I thought I heard something recently where they were looking more and more like a scam daily. Could be wrong.
HaoBTC is a pretty new venture, and they have some compelling evidence that they're legit, e.g. a 7+ PH mining operation on hydro power. I'm too lazy to link, but you can find the details here somewhere. I've deposited and removed some BTC without issue this week. Either way, remember to not use money that you can't afford to lose.
