Something I am not able to find, how many watts are said to be used for each PACMiC in determining how long it stays on for?
From my understanding they are the equiv of an s5. I believe that is what I read.
Topic: HASHNEST Discussion and Support Thread - page 210. (Read 660097 times)
From my understanding they are the equiv of an s5. I believe that is what I read.
Something I am not able to find, how many watts are said to be used for each PACMiC in determining how long it stays on for?
Ok, I think I have this figured out.
When a block is found, we get a payout based on the hashrate. The formula is used to determine our profit, which goes to increasing the amount they have left to pay us out. The rest goes toward buying more hashrate.
This doesn't seem right to me though, as I believe the amount that goes to buying more hashrate should also go to increasing the unpaid principal amount.
When you buy 1 PACMiC for 1 bitcoin, you get 1 TH/s of power and a contract to pay back 1 btc. If I get half of that back and buy another contract, I get 500 GH/s of power and a contract to pay back .5 btc. So why, when I am doing fractions of that, am I actually losing bitcoins? If I have 70000 satoshi's, I should get .7 of a GH/s and a contract to pay back 70000 satoshi's. But, where it is right now, I am getting a contract of X GH/s and Y amount that needs to be paid back.
When a block is found, we get a payout based on the hashrate. The formula is used to determine our profit, which goes to increasing the amount they have left to pay us out. The rest goes toward buying more hashrate.
This doesn't seem right to me though, as I believe the amount that goes to buying more hashrate should also go to increasing the unpaid principal amount.
When you buy 1 PACMiC for 1 bitcoin, you get 1 TH/s of power and a contract to pay back 1 btc. If I get half of that back and buy another contract, I get 500 GH/s of power and a contract to pay back .5 btc. So why, when I am doing fractions of that, am I actually losing bitcoins? If I have 70000 satoshi's, I should get .7 of a GH/s and a contract to pay back 70000 satoshi's. But, where it is right now, I am getting a contract of X GH/s and Y amount that needs to be paid back.
I am lost
But in looking at it would it make sense since both our hashrate AND our unpaid balance both increase? We are in effect getting more hashing power with each block as well as increasing our unpaid ( duration of contract ).
Man too bad these are one of the most confusing things in bitcoin land. lol. In thinking about it again, I think it is actually right. We should only have our principal increasing by the profit amount. If they were to add in the payback amount, it would effectively be doubling our investments for us. I think everything is working out the way it is supposed to now.
Will keep watching and thinking it through, but it looks to be right.
Lol k
yep very confusing.. thanks for sharing your efforts. Ok, I think I have this figured out.
When a block is found, we get a payout based on the hashrate. The formula is used to determine our profit, which goes to increasing the amount they have left to pay us out. The rest goes toward buying more hashrate.
This doesn't seem right to me though, as I believe the amount that goes to buying more hashrate should also go to increasing the unpaid principal amount.
When you buy 1 PACMiC for 1 bitcoin, you get 1 TH/s of power and a contract to pay back 1 btc. If I get half of that back and buy another contract, I get 500 GH/s of power and a contract to pay back .5 btc. So why, when I am doing fractions of that, am I actually losing bitcoins? If I have 70000 satoshi's, I should get .7 of a GH/s and a contract to pay back 70000 satoshi's. But, where it is right now, I am getting a contract of X GH/s and Y amount that needs to be paid back.
When a block is found, we get a payout based on the hashrate. The formula is used to determine our profit, which goes to increasing the amount they have left to pay us out. The rest goes toward buying more hashrate.
This doesn't seem right to me though, as I believe the amount that goes to buying more hashrate should also go to increasing the unpaid principal amount.
When you buy 1 PACMiC for 1 bitcoin, you get 1 TH/s of power and a contract to pay back 1 btc. If I get half of that back and buy another contract, I get 500 GH/s of power and a contract to pay back .5 btc. So why, when I am doing fractions of that, am I actually losing bitcoins? If I have 70000 satoshi's, I should get .7 of a GH/s and a contract to pay back 70000 satoshi's. But, where it is right now, I am getting a contract of X GH/s and Y amount that needs to be paid back.
I am lost
But in looking at it would it make sense since both our hashrate AND our unpaid balance both increase? We are in effect getting more hashing power with each block as well as increasing our unpaid ( duration of contract ).
Man too bad these are one of the most confusing things in bitcoin land. lol. In thinking about it again, I think it is actually right. We should only have our principal increasing by the profit amount. If they were to add in the payback amount, it would effectively be doubling our investments for us. I think everything is working out the way it is supposed to now.
Will keep watching and thinking it through, but it looks to be right.
Is this cloud mining worth looking at?
I have a buddy that despite me telling him it's a bad idea, wants to try out cloud mining.
I have a buddy that despite me telling him it's a bad idea, wants to try out cloud mining.
Ok, I think I have this figured out.
When a block is found, we get a payout based on the hashrate. The formula is used to determine our profit, which goes to increasing the amount they have left to pay us out. The rest goes toward buying more hashrate.
This doesn't seem right to me though, as I believe the amount that goes to buying more hashrate should also go to increasing the unpaid principal amount.
When you buy 1 PACMiC for 1 bitcoin, you get 1 TH/s of power and a contract to pay back 1 btc. If I get half of that back and buy another contract, I get 500 GH/s of power and a contract to pay back .5 btc. So why, when I am doing fractions of that, am I actually losing bitcoins? If I have 70000 satoshi's, I should get .7 of a GH/s and a contract to pay back 70000 satoshi's. But, where it is right now, I am getting a contract of X GH/s and Y amount that needs to be paid back.
When a block is found, we get a payout based on the hashrate. The formula is used to determine our profit, which goes to increasing the amount they have left to pay us out. The rest goes toward buying more hashrate.
This doesn't seem right to me though, as I believe the amount that goes to buying more hashrate should also go to increasing the unpaid principal amount.
When you buy 1 PACMiC for 1 bitcoin, you get 1 TH/s of power and a contract to pay back 1 btc. If I get half of that back and buy another contract, I get 500 GH/s of power and a contract to pay back .5 btc. So why, when I am doing fractions of that, am I actually losing bitcoins? If I have 70000 satoshi's, I should get .7 of a GH/s and a contract to pay back 70000 satoshi's. But, where it is right now, I am getting a contract of X GH/s and Y amount that needs to be paid back.
I am lost
But in looking at it would it make sense since both our hashrate AND our unpaid balance both increase? We are in effect getting more hashing power with each block as well as increasing our unpaid ( duration of contract ).
Ok, I think I have this figured out.
When a block is found, we get a payout based on the hashrate. The formula is used to determine our profit, which goes to increasing the amount they have left to pay us out. The rest goes toward buying more hashrate.
This doesn't seem right to me though, as I believe the amount that goes to buying more hashrate should also go to increasing the unpaid principal amount.
When you buy 1 PACMiC for 1 bitcoin, you get 1 TH/s of power and a contract to pay back 1 btc. If I get half of that back and buy another contract, I get 500 GH/s of power and a contract to pay back .5 btc. So why, when I am doing fractions of that, am I actually losing bitcoins? If I have 70000 satoshi's, I should get .7 of a GH/s and a contract to pay back 70000 satoshi's. But, where it is right now, I am getting a contract of X GH/s and Y amount that needs to be paid back.
When a block is found, we get a payout based on the hashrate. The formula is used to determine our profit, which goes to increasing the amount they have left to pay us out. The rest goes toward buying more hashrate.
This doesn't seem right to me though, as I believe the amount that goes to buying more hashrate should also go to increasing the unpaid principal amount.
When you buy 1 PACMiC for 1 bitcoin, you get 1 TH/s of power and a contract to pay back 1 btc. If I get half of that back and buy another contract, I get 500 GH/s of power and a contract to pay back .5 btc. So why, when I am doing fractions of that, am I actually losing bitcoins? If I have 70000 satoshi's, I should get .7 of a GH/s and a contract to pay back 70000 satoshi's. But, where it is right now, I am getting a contract of X GH/s and Y amount that needs to be paid back.
Looking at the second block now, the hashrate does increase. This was a great feature to add and one that will keep me using the service. Going to have to do some math now to redetermine my calculations on the profitability of this.
EDIT: On second look, it only looks like the hashrate was increased by the amount paid back and not by the profit and amount paid back. Is there some reason why the entire amount hasn't gone back into hashrate increase?
EDIT: On second look, it only looks like the hashrate was increased by the amount paid back and not by the profit and amount paid back. Is there some reason why the entire amount hasn't gone back into hashrate increase?
You are better at this then I am, good catch!
Let us know what you find out please or if Janet or Rob can answer...
Actually, I think I was wrong on that one (and deleted it from my post above). The hashrate increase was done correctly and has the paid back and profit in it.
Looking at the second block now, the hashrate does increase. This was a great feature to add and one that will keep me using the service. Going to have to do some math now to redetermine my calculations on the profitability of this.
EDIT: On second look, it only looks like the hashrate was increased by the amount paid back and not by the profit and amount paid back. Is there some reason why the entire amount hasn't gone back into hashrate increase?
EDIT: On second look, it only looks like the hashrate was increased by the amount paid back and not by the profit and amount paid back. Is there some reason why the entire amount hasn't gone back into hashrate increase?
You are better at this then I am, good catch!
Let us know what you find out please or if Janet or Rob can answer...
I am tempted to buy more btc now from coinbase to get more pacmic
Quote
*After enabling the Auto-Rebuy feature, your mining revenue and profit payments will be used to automatically and incrementally purchase more PACMiC hashrate.
When you disable the feature, mining revenue and profit payments will continue accumulating inside your account balance as usual.
When you disable the feature, mining revenue and profit payments will continue accumulating inside your account balance as usual.
Taken from their website, sounds like the value of your PACMiC will increase when you have a payout, thereby reinvesting profits. Not sure how often "incrementally" is, but def interested to find out! Great new feature, only 1 more confirm to see what is going to happen.
Ok here is my experience.
We found a block and my " additional principal " increased.
Also my " Unpaid " increased
So from the unpaid increasing it does in fact sound like it increased your actual PACMIC holdings.
But it is still early. Will be nice to hear from Rob or Janet when they get on.
Edit - I don't see any other way it could be working. Because what if I turned it on but then later decided to turn it off? They would need to credit that btc back to my wallet.
From what I see it does actually incrementally buy actual additional fractions of PACMIC every block that is paid out which is a very nice feature.
yes agreed, but I am curious if I am getting more hash power, or if my principle is only increasing? If I am not getting any extra hashpower out of the deal, I might as well just hold my payouts for a few days, then buy a new PACMiC.
Also, it shows my profit as 0, but it should still show a profit number I think. this is purely cosmetic as I still am getting profit, but I think it should still show it.
EDIT: If my hashpower is not increasing with each block, then all I am effectively doing is betting that when it is not profitable to run anymore will be further down the line than the current estimate.
I guess we wait and see what Janet or rob say about how it works later.
You make a very good point though is it that our hashrate increases or are we just extending the time in which our current amount of pacmic are active by increasing our principal that it needs to pay off before the contract ends.
Again, good question you have... hope Janet or Rob can answer when they get on.
Edit - ahh with the 2nd block the actual hashrate did increase like you said above. Very nice!
So, I had to create a new account and now I can buy hash. I can't buy hash or withdraw what I have in my other account. Really hope you can help me withdraw what I have in my other account Janet. I'm going to contact you on skype.
Looking at the second block now, the hashrate does increase. This was a great feature to add and one that will keep me using the service. Going to have to do some math now to redetermine my calculations on the profitability of this.
Quote
*After enabling the Auto-Rebuy feature, your mining revenue and profit payments will be used to automatically and incrementally purchase more PACMiC hashrate.
When you disable the feature, mining revenue and profit payments will continue accumulating inside your account balance as usual.
When you disable the feature, mining revenue and profit payments will continue accumulating inside your account balance as usual.
Taken from their website, sounds like the value of your PACMiC will increase when you have a payout, thereby reinvesting profits. Not sure how often "incrementally" is, but def interested to find out! Great new feature, only 1 more confirm to see what is going to happen.
Ok here is my experience.
We found a block and my " additional principal " increased.
Also my " Unpaid " increased
So from the unpaid increasing it does in fact sound like it increased your actual PACMIC holdings.
But it is still early. Will be nice to hear from Rob or Janet when they get on.
Edit - I don't see any other way it could be working. Because what if I turned it on but then later decided to turn it off? They would need to credit that btc back to my wallet.
From what I see it does actually incrementally buy actual additional fractions of PACMIC every block that is paid out which is a very nice feature.
yes agreed, but I am curious if I am getting more hash power, or if my principle is only increasing? If I am not getting any extra hashpower out of the deal, I might as well just hold my payouts for a few days, then buy a new PACMiC.
Also, it shows my profit as 0, but it should still show a profit number I think. this is purely cosmetic as I still am getting profit, but I think it should still show it.
EDIT: If my hashpower is not increasing with each block, then all I am effectively doing is betting that when it is not profitable to run anymore will be further down the line than the current estimate.
Quote
*After enabling the Auto-Rebuy feature, your mining revenue and profit payments will be used to automatically and incrementally purchase more PACMiC hashrate.
When you disable the feature, mining revenue and profit payments will continue accumulating inside your account balance as usual.
When you disable the feature, mining revenue and profit payments will continue accumulating inside your account balance as usual.
Taken from their website, sounds like the value of your PACMiC will increase when you have a payout, thereby reinvesting profits. Not sure how often "incrementally" is, but def interested to find out! Great new feature, only 1 more confirm to see what is going to happen.
Ok here is my experience.
We found a block and my " additional principal " increased.
Also my " Unpaid " increased
So from the unpaid increasing it does in fact sound like it increased your actual PACMIC holdings.
But it is still early. Will be nice to hear from Rob or Janet when they get on.
Edit - I don't see any other way it could be working. Because what if I turned it on but then later decided to turn it off? They would need to credit that btc back to my wallet.
From what I see it does actually incrementally buy actual additional fractions of PACMIC every block that is paid out which is a very nice feature.
Quote
*After enabling the Auto-Rebuy feature, your mining revenue and profit payments will be used to automatically and incrementally purchase more PACMiC hashrate.
When you disable the feature, mining revenue and profit payments will continue accumulating inside your account balance as usual.
When you disable the feature, mining revenue and profit payments will continue accumulating inside your account balance as usual.
Taken from their website, sounds like the value of your PACMiC will increase when you have a payout, thereby reinvesting profits. Not sure how often "incrementally" is, but def interested to find out! Great new feature, only 1 more confirm to see what is going to happen.
Again, you tried to buy a whole unit from the shop ( 1155 ghs )
[/quote]
It doesn't work. I've been trying to buy hash power from the market for a week and whenever I click market it just redirects me to the homepage.
[/quote]
Have you tried loging in after opening a private window?
If you use chrome or firefox open a new PRIVATE window. It must be private, not just a new window screen.
Then try and sign in and see if that works. It is the easiest way to get rid of browser defaults.
Nice new feature for PACMIC.
You can no set autorebuy.
I just turned it on so not sure if it buys more every block rewarded or waits for it to accumulate. Will update when a block goes through.
If it works smooth it will probably cause less buying on the other ant2,3,4,5 and umisoo markets as people will no longer be using their PACMIC to buy ghs. ( For example the profits I was using from PACMIC will now be going back into pacmic and not the others )
Something to think about.
You can no set autorebuy.
I just turned it on so not sure if it buys more every block rewarded or waits for it to accumulate. Will update when a block goes through.
If it works smooth it will probably cause less buying on the other ant2,3,4,5 and umisoo markets as people will no longer be using their PACMIC to buy ghs. ( For example the profits I was using from PACMIC will now be going back into pacmic and not the others )
Something to think about.
Hmm, that would be awesome if it constantly was rebuying more PACMiC's, I would continuesly be putting more money into this as the returns are pretty good right now, but I am wondering how that will work, especially since they are still only being sold by the 1 btc ea mark.
I have a hard time working out how it would constantly be rebuying PACMiC power. I really hope it isn't waiting for 1 btc to accumulate before it buys another one.
EDIT: Some cool new graphs and layout features though, nicely done guys!
Yep, all your questions are the same ones I have. Will know in a a few blocks if it buys every time a payout is made or waits for 1 bitcoin to accumulate. Will update when I know as I turned it on to test.
Nice new feature for PACMIC.
You can no set autorebuy.
I just turned it on so not sure if it buys more every block rewarded or waits for it to accumulate. Will update when a block goes through.
If it works smooth it will probably cause less buying on the other ant2,3,4,5 and umisoo markets as people will no longer be using their PACMIC to buy ghs. ( For example the profits I was using from PACMIC will now be going back into pacmic and not the others )
Something to think about.
You can no set autorebuy.
I just turned it on so not sure if it buys more every block rewarded or waits for it to accumulate. Will update when a block goes through.
If it works smooth it will probably cause less buying on the other ant2,3,4,5 and umisoo markets as people will no longer be using their PACMIC to buy ghs. ( For example the profits I was using from PACMIC will now be going back into pacmic and not the others )
Something to think about.
Hmm, that would be awesome if it constantly was rebuying more PACMiC's, I would continuesly be putting more money into this as the returns are pretty good right now, but I am wondering how that will work, especially since they are still only being sold by the 1 btc ea mark.
I have a hard time working out how it would constantly be rebuying PACMiC power. I really hope it isn't waiting for 1 btc to accumulate before it buys another one.
EDIT: Some cool new graphs and layout features though, nicely done guys!
how to will buy on hashnest GHS ?
simplylogin , deposit BTCs and buy S2,3.4.5 Ghash
i have on account 0.00016259 BTC but that enter antiS5 and enter BTC 0.00016259 i write this >
"Amount mast greater than 0"
why ?
image > http://www.picz.ge/img/s2/1503/17/9/98b1d624e4d0.png
You are on the wrong page. You are trying to buy a whole s5 unit. So the smallest amount you could put in there would be 1. you tried to put less then 1 ( .00016259 )
You need to go on the left hand side click HASH
Then under that click ANTS5
Then click Market
Then you will see the buy and sell orders for ghs on ant5 where you can buy 1 ghs at a time.
Again, you tried to buy a whole unit from the shop ( 1155 ghs )
It doesn't work. I've been trying to buy hash power from the market for a week and whenever I click market it just redirects me to the homepage.
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