Topic: HASHNEST Discussion and Support Thread - page 81. (Read 660097 times)

Looks like I got it, see here: https://bitcointalksearch.org/topic/hashnest-s-newest-pacmic-cloud-mining-contract-982890

It is kind of a fixed income contract. You can't get more than 14% yearly, but can lose anyway.

yea but i think that is for 1TH and you get 6TH so 0.14*6TH, but still. It's something with rebuying,... No i dont get it lol

With this explanation it makes 86400 * 365 * 0.45 * 0.00000001 = 0.14 BTC per year in terms of annualized return. The contract expires automatically when the principal (1 BTC) is paid back, so you are limited to 14% of annual return. Looks like in the old days 1 TH or PACMIC was much cheaper than 1 TH of a miner and annualized return was 22%. It seems that PACMICs v5 will be less profitable than buying Ant S9 mining power directly having pretty much the same risk.

I don't even understand how PACMIC payment works, let alone calculate how much profit you can make from them :p

But is it more profitable that buying hashpower itself? When buying Ant S9 you pay 1.84 - 1.94 BTC per 12.5 THs, and with PACMIC you pay 2 BTC per 12 THs. Is there any statictics how much profit does PACMIC make per day?

looks nice for a newbie like me..Will calculate and see how much hash rate to buy

Thanks..I will check

For whom it may be usefull, i made a hashnest profitability calculator that calculates your earnings based on all the CURRENT factors (global hashrate and bitcoin price)
http://www.thelazygainer.com/Tools/

dont mind the site too much, im still working on it :p

any advice tips and tricks for the site are welcome, i'm still learning :p

Its pretty impossible to predict, you will make a profit as long as the S9 remains profitable to run for the length of time it takes to mine 1 btc with 6 TH/s.  Now this changes if you turn on reinvest and some other variables, but its really hard to predict what will happen.

EDIT:  that being said, I have done pretty well on the PACMiC V1 to 4

Is it profitable to buy cloud hast rate at hashnest?

PACMiC v5

6TH/s for 1 btc...what will be the returns?

anyone tried it?

I am new to mining ,so wanna know your suggestions

thanks

The price of S7 has been quiet steady the last few months, but I always try to sell and buy the hash for better prices, made some 0.05 btc on 2 weeks like that :p

These markets are not rational, and will not act rational.  Also remember that there is no oversight to stop people from manipulating the markets.  Historically there has always been a sharp decline at some point when a new hash is offered, but who knows when or how much.

But they offer Ant S7 miners for $370 having the same power supply requirements and the same size (so I assume that shipping costs and PSU are the same for S9 and S7). And total cost for S7 is even less than the price difference between "physical" and "cloud" S9. I believe that price of GHs on Ant S9 may fall by that difference (i.e. 25%) and it is not worth buying more. I would better buy less and add more when it becomes cheaper.

If you buy from the store, you also pay for shipping costs and you need a PSU to power your unit.  These 2 things pretty much make up that difference.

I'm looking into a possibility of buying a hashnest contract. However, I have some concerns. In particular, they offer AntMiner S9 contract for $1699 whereas they (Bitmain shop to be precise, but they are the same organization) physically sell (sold out) AntMiner S9-B22 for $1232 and they currently sell AntMiner T9 for $1104. Well, I understand that hosting in the cloud requires some additional costs, but not 25% ($450) really?

How do you explain such cost difference?

You're welcome 


I'm not into Pacmic's. Though what I understood from other users is that you can get the most profits from them when you set it to autorebuy for like roughly the first 50% of the contract, and then switch the autorebuy off and let it expire in it's 'normal' way.
But again, I'm not into Pacmic's, so hopefully others could shed their light/experience on it...





No. Hashnest is using antpool by default, and there is no way to switch to other pools.

Ahh that makes sense, thanks for clarifiying with examples

In terms of Pacmic v5 and autorebuy what is your opinion? It seems like you have 6THS for 1BTC but at current prices you can get 6.6THS if you buy the S9 hash on the market. In Pacmic you don't pay maintenance but you don't get to keep your hashrate at the end of the contract. I would assume even with maintenance it would be better to just buy s9 hash on the market?

Also in terms of Pacmic how does the autorebuy work in terms of paying back the capital. With one contract on autobuy lets say I get up reinvesting .05BTC of my profit into hashrate. The contract will then terminate when I am paid back 1.05BTC?

Edit: Also one more question, is it possible to switch to Kano.is pool using Hashnest?

No, the payout is not fixed per GH; the payout per GH is based on how many blocks is being hashes by antpool, divided by how many hashes were present on antpool to find that block. What you see in your daily graph in your account, is the average of that current day.

The (small) variation you see in the payouts on each block, is due to the above. A simplified example:
- 100 people hash, each with 1 PH of power, totaling 100 PH/s
- The current block reward is 12.5, so everyone gets 12.5/100 = 0.125 reward on that block

- Now 20 join in, also with 1 PH of power each, totaling 120 PH/s
- The block reward of 12.5 is now divided among 120 people, so everyone gets ~0.104167 reward on that block



What you see in the hugely varying maintenance fees, has to do with the time (the pool luck) it took to find a block. Remember, that the maintenance fee is being presented is the costs vs time (xxx $/day  )  So when antpool find a block rather quickly ("lucky"), you see that represented as a 'reduced' maintenance costs on that block. And when antpool took some time to find a block ("unlucky"), you see that represented as a 'increased' maintenance costs on that block.

Also, to a less volatile degree, the maintenance fee is subject to the price of the Bitcoin itself; though the price itself is a given fixed amount of $ per day, you pay your fees in Bitcoins. So if the price of the Bitcoin rises, your maintenance fee (paid in Bitcoins) goes down. And when the price of the Bitcoin drops, your maintenance fee paid in Bitcoin, goes up.

What you are saying makes sense but what I see are basically the same payouts (small variation) but hugely varying maintenance fees. Sometimes the maintenance will be 2x the payout. Recently the last day or so there has been a lot more maintenance charges that have been more than the payout (per payout) if I average all of these transactions I get 75%+ maintenance in the last day or so. Is this how they do it? The payout is fixed per GHs and they vary the maintenance to compensate when they are unlucky?

it depends on luck also, if antpool is unlucky for some time in a day, you will ofcourse recieve lower payouts with the same amount of fees so fees would be kinda heavy for the payouts to carry