Hashnest 's newest PACMiC Cloud Mining Contract - page 3.

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: TracerX on August 12, 2015, 09:10:10 PM

Quote from: DebitMe on August 12, 2015, 01:43:42 PM

Quote from: mchu168 on August 12, 2015, 12:49:22 PM

Quote from: DebitMe on August 12, 2015, 12:29:09 PM

Should be around an 8.5% APR, will have to double check my spreadsheets though to make sure that is about right.

Hashnest website says annualized ROI is 25.2288%, so either they are guilty of false advertising or your calcs are way off.

Here is my spreadsheet...
https://docs.google.com/spreadsheets/d/1zbKKyXtW0vcfGDufk_UIRg_gAi0JzjsFwvB7LGj8bOI/edit?usp=sharing

I am not getting to the 25% APR, perhaps I have an error? Can anyone correct my calcs for the V2 and V3?

So your 7% is based on the 107 days your contract ran. If it had ran for a full year, hence an "Annual Percentage Rate" it would be around 25%.

No, the 7% is the annualized rate for the V2, on the next tab for V3 the annualized is 12.73%.

I think the 25% comes from if the same amount of profit was paid as the first block of every contract, for every block. That gets me to around 25% I believe, but that is not really a fair way to evaluate the asset.

TracerX

hero member

Activity: 918

Merit: 1002

Quote from: DebitMe on August 12, 2015, 01:43:42 PM

Quote from: mchu168 on August 12, 2015, 12:49:22 PM

Quote from: DebitMe on August 12, 2015, 12:29:09 PM

Should be around an 8.5% APR, will have to double check my spreadsheets though to make sure that is about right.

Hashnest website says annualized ROI is 25.2288%, so either they are guilty of false advertising or your calcs are way off.

Here is my spreadsheet...
https://docs.google.com/spreadsheets/d/1zbKKyXtW0vcfGDufk_UIRg_gAi0JzjsFwvB7LGj8bOI/edit?usp=sharing

I am not getting to the 25% APR, perhaps I have an error? Can anyone correct my calcs for the V2 and V3?

So your 7% is based on the 107 days your contract ran. If it had ran for a full year, hence an "Annual Percentage Rate" it would be around 25%.

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: mchu168 on August 12, 2015, 12:49:22 PM

Quote from: DebitMe on August 12, 2015, 12:29:09 PM

Should be around an 8.5% APR, will have to double check my spreadsheets though to make sure that is about right.

Hashnest website says annualized ROI is 25.2288%, so either they are guilty of false advertising or your calcs are way off.

Here is my spreadsheet...
https://docs.google.com/spreadsheets/d/1zbKKyXtW0vcfGDufk_UIRg_gAi0JzjsFwvB7LGj8bOI/edit?usp=sharing

I am not getting to the 25% APR, perhaps I have an error? Can anyone correct my calcs for the V2 and V3?

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: mchu168 on August 12, 2015, 12:49:22 PM

Quote from: DebitMe on August 12, 2015, 12:29:09 PM

Should be around an 8.5% APR, will have to double check my spreadsheets though to make sure that is about right.

Hashnest website says annualized ROI is 25.2288%, so either they are guilty of false advertising or your calcs are way off.

Hmm, I just saw that. I will publish my calcs in a bit on google docs, but I don't see how I could be off by that far. IDK though, it could be possible.

mchu168

full member

Activity: 188

Merit: 100

Quote from: DebitMe on August 12, 2015, 12:29:09 PM

Should be around an 8.5% APR, will have to double check my spreadsheets though to make sure that is about right.

Hashnest website says annualized ROI is 25.2288%, so either they are guilty of false advertising or your calcs are way off.

wlefever

legendary

Activity: 1174

Merit: 1001

Quote from: DebitMe on August 12, 2015, 12:29:09 PM

Based on a quick spreadsheet, it looks like the V3 PACMiC will return less profit per contract, but because they are cheaper, will take shorter to pay off, which has an effect of providing a higher APR.

Should be around an 8.5% APR, will have to double check my spreadsheets though to make sure that is about right.

(This assumes no difficulty changes, will have to add that into my spreadsheet to see the effects of what a few percent increases will do. Should make profits a little higher, but I doubt by much.)

It also seems with the lower price if you run it on autobuy it should compound much faster. Therefore increasing your payback principal, but also delaying your full payback. That seems fairly attractive to me, but I haven't done any calcs on it.

I'm still satisfied with my v2 contracts that are running atm. With price fluctuations, and increasing hashrate it has been a pretty safe & steady albeit small % return when compared with mining.

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Based on a quick spreadsheet, it looks like the V3 PACMiC will return less profit per contract, but because they are cheaper, will take shorter to pay off, which has an effect of providing a higher APR.

Should be around an 8.5% APR, will have to double check my spreadsheets though to make sure that is about right.

(This assumes no difficulty changes, will have to add that into my spreadsheet to see the effects of what a few percent increases will do. Should make profits a little higher, but I doubt by much.)

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: wlefever on August 12, 2015, 08:46:03 AM

PACMiC v3 now available

Shoot, was just about to start working, now I have a whole new ToS to read and math to do. lol

wlefever

legendary

Activity: 1174

Merit: 1001

PACMiC v3 now available

yeponlyone

hero member

Activity: 504

Merit: 500

Quote from: nicklello on June 10, 2015, 07:19:40 AM

Quote from: DebitMe on June 09, 2015, 11:53:12 AM

Quote from: nicklello on June 09, 2015, 11:45:01 AM

I'm convinced... trying to raise funds via BTCJam to buy in.

That I would not do, in fact, your BTCJam loan will probably have higher interest than what you would earn by buying a PACMiC. I highly discourage you from taking a loan to invest, that is a sure fire way to get in real big trouble real fast.

You are quite right... I should have paid more attention to calculating things properly.

I still believe PACMiC looks like a good investment; just got to pull my coins together....

Yep, I looked into it, comparing rates on BTCJam with the earnings of PACMIC, and you would end up losing if loaning there.

An opportunity to possibly make it work, would be with a fiat bank with great interest on their loans, like with a house backing it. That could be a viable option if you want to change your portfolio, from house investment to BTC though.

wlefever

legendary

Activity: 1174

Merit: 1001

Quote from: ajw7989 on July 03, 2015, 03:28:58 PM

Quote from: btcgiel on July 03, 2015, 01:09:22 PM

i made a profit on the pacmic v1 from 0.00313968 with an investment of 1 BTC. I don't understand it because my hashrate (TH) is 1.08345714 and my total payout after 100 days is 1.00313968 BTC

That is extremely low. The withdrawal fee is a little less than 1/3 of that.

Yeah, something isn't right with that.

ajw7989

legendary

Activity: 924

Merit: 1000

Quote from: btcgiel on July 03, 2015, 01:09:22 PM

i made a profit on the pacmic v1 from 0.00313968 with an investment of 1 BTC. I don't understand it because my hashrate (TH) is 1.08345714 and my total payout after 100 days is 1.00313968 BTC

That is extremely low. The withdrawal fee is a little less than 1/3 of that.

btcgiel

newbie

Activity: 15

Merit: 0

i made a profit on the pacmic v1 from 0.00313968 with an investment of 1 BTC. I don't understand it because my hashrate (TH) is 1.08345714 and my total payout after 100 days is 1.00313968 BTC

jorjito25

hero member

Activity: 490

Merit: 500

I also very positive to these contracts of several reasons. We know they are backed by a real mining company. We do a little profit, while nothing extraordinary that would indicate that the company is desperate, they only want to lend money from us to expand. After the contract ended (when we have got our money back + a decent interest) they will of course sell these as regular S5, making more money, expanding even more and have funding to put out their S6s.

Glucose

hero member

Activity: 861

Merit: 1001

Great service. I bought a Pacmic v2 contract a few days ago. Looks really promising :-)

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: wlefever on June 18, 2015, 11:32:52 AM

Okay, purchased some PACMiC v2 contracts. I have enabled Auto-Rebuy for the time being and will monitor when to switch to off.

Yea I turned my autorebuy back on last night. Really wish someone would comment from Bitmain and allow V1 contracts to become V2 contracts with autorebuy enabled. Also wish they would update us on if they will increase the amount of hash we get for 1 btc.

wlefever

legendary

Activity: 1174

Merit: 1001

Okay, purchased some PACMiC v2 contracts. I have enabled Auto-Rebuy for the time being and will monitor when to switch to off.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: DebitMe on June 10, 2015, 12:42:15 PM

Quote from: byt411 on June 10, 2015, 12:31:28 PM

Can someone explain what is going on? I have autobuy on, but it only seems like it has autobought 3GHS over the past 3 days.
If my calculations are correct, shouldn't I be getting around 0.01 BTC per day with a 1THs contract? I had the impression that it said that there were no maintenance or hosting fees.

Do you mean 30 GH/S? I have had mine running for 3 days as well and am currently at 1.03458546 TH/S, which would be 34 GH/s added to my contract.

As for what is going on? No idea. I asked the other day a few posts up why blocks aren't being credited after 6 blocks, and it seems like they are just updating the V2 PACMiC's once a day. IDK why, and the terms and FAQ don't explain anything as to why it is being done differently.

God, when I'm not in school, my brain just fails horribly and I can't do any maths.
Yes, that makes sense now. So I assume if we turn it off we would get like 0.01 BTC per day?

DebitMe

legendary

Activity: 2800

Merit: 1012

Get Paid Crypto To Walk or Drive

Quote from: byt411 on June 10, 2015, 12:31:28 PM

Can someone explain what is going on? I have autobuy on, but it only seems like it has autobought 3GHS over the past 3 days.
If my calculations are correct, shouldn't I be getting around 0.01 BTC per day with a 1THs contract? I had the impression that it said that there were no maintenance or hosting fees.

Do you mean 30 GH/S? I have had mine running for 3 days as well and am currently at 1.03458546 TH/S, which would be 34 GH/s added to my contract.

As for what is going on? No idea. I asked the other day a few posts up why blocks aren't being credited after 6 blocks, and it seems like they are just updating the V2 PACMiC's once a day. IDK why, and the terms and FAQ don't explain anything as to why it is being done differently.

byt411

hero member

Activity: 798

Merit: 1000

Can someone explain what is going on? I have autobuy on, but it only seems like it has autobought 3GHS over the past 3 days.
If my calculations are correct, shouldn't I be getting around 0.01 BTC per day with a 1THs contract? I had the impression that it said that there were no maintenance or hosting fees.

Topic: Hashnest 's newest PACMiC Cloud Mining Contract - page 3. (Read 20700 times)