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Topic: Hashnest 's newest PACMiC Cloud Mining Contract - page 8. (Read 20719 times)

legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
hmmmm, I am new to mining I am only 6 months into it I am not a old VGA card miner were you guys made a fortune off of one card.



Ok, I can understand that. Anywaym diff growth of us to 15% per month (two adjustment of about 7.5% each) s considered moderate. However, we used to face these large spikes some time ago when the base was not that large as we have it now. As soon as the next gen of miners gets delivered, we ll see if these large jumps are gonna come back or not. This low BTC price s also a limiting factor, profit margins are quite thin.
sr. member
Activity: 392
Merit: 250
hmmmm, I am new to mining I am only 6 months into it I am not a old VGA card miner were you guys made a fortune off of one card.

legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
Hi.

This PACMiC contract pays you the 'total' you invest plus aprox. 5% per contract (100 days aprox.) but it could changed to a more profitable invest if 'btc world' gets 'better' results (you know, when the Whole scenario turn to something very positive the btc trading, mining, etc). So, as I'm testing this contracts, I'm cool with this kinda stuff. Bitmain seems pretty competitive and compromised --at least 'present'-- with btc businesses and little companies.

Hmmm, looks like the BTC DIFF IS GOING THROUGH THE ROOF but then again you never now. If it goes through the roof will pacmic really be worth it then ?

Its just a big gamble I want to buy 2 BTC worth in the worst way but I don't want to throw my coins to the birds either ?

I just don't know which way to go. I am running 2 TH/s already inside my house and cant add no more. OLD USA 50 amp "Main Breaker" 120v service and 120v 15 amp on sub breakers. "Electric is free I don't pay" that's why I wanted to add  2 TH/s more of pacmic with it.


also when you log on to antpool can you see it hashing on the same dashboard screen as your home miners ?

or just wait and save my coins for the S6 which should have new tech low power chips ?

what do you guys think I need ideas ?


 

What are you talking about, this next diff growth s gonna be the usual trend, 3-5%, if not even lower.  I hardly consider that as going through the roof. Have you forgotten 40% per month we used to have.
full member
Activity: 154
Merit: 100
5% per contract  Huh i think i better hold if thats the case... too little for an investment that could not roi cause of difficulty and other risks.
sr. member
Activity: 392
Merit: 250
Hi.

This PACMiC contract pays you the 'total' you invest plus aprox. 5% per contract (100 days aprox.) but it could changed to a more profitable invest if 'btc world' gets 'better' results (you know, when the Whole scenario turn to something very positive the btc trading, mining, etc). So, as I'm testing this contracts, I'm cool with this kinda stuff. Bitmain seems pretty competitive and compromised --at least 'present'-- with btc businesses and little companies.

Hmmm, looks like the BTC DIFF IS GOING THROUGH THE ROOF but then again you never now. If it goes through the roof will pacmic really be worth it then ?

Its just a big gamble I want to buy 2 BTC worth in the worst way but I don't want to throw my coins to the birds either ?

I just don't know which way to go. I am running 2 TH/s already inside my house and cant add no more. OLD USA 50 amp "Main Breaker" 120v service and 120v 15 amp on sub breakers. "Electric is free I don't pay" that's why I wanted to add  2 TH/s more of pacmic with it.


also when you log on to antpool can you see it hashing on the same dashboard screen as your home miners ?

or just wait and save my coins for the S6 which should have new tech low power chips ?

what do you guys think I need ideas ?


 
hero member
Activity: 756
Merit: 500
Hi.

This PACMiC contract pays you the 'total' you invest plus aprox. 5% per contract (100 days aprox.) but it could changed to a more profitable invest if 'btc world' gets 'better' results (you know, when the Whole scenario turn to something very positive the btc trading, mining, etc). So, as I'm testing this contracts, I'm cool with this kinda stuff. Bitmain seems pretty competitive and compromised --at least 'present'-- with btc businesses and little companies.
sr. member
Activity: 392
Merit: 250
I want to buy 2 TH/s of Pacmic should I or will I be ripped off!

legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
if PACMiC is backed by S5 maybe it's better to just buy S5 hashing there? how does the risk compares that PACMiC is more reliable (lower risk) ?

If you get S5, you can sell those and exit at any moment. On the other hand, PACMiC contracts do not charge maintenance fees so its almost guaranteed ROI. Lower compared to other miners but almost guaranteed.
full member
Activity: 154
Merit: 100
if PACMiC is backed by S5 maybe it's better to just buy S5 hashing there? how does the risk compares that PACMiC is more reliable (lower risk) ?
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
I don't know, this is fine but I m not so excited about it. 22% per year in ideal conditions s an excellent profit but investing that into miners can generate much more. True, it also brings higher risk.
legendary
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
can u   have negative roi   with pacmac or is it    guaurantee   +roi/even

It is not guaranteed, if you read the ToS it states that under circumstances where the S5 is not profitable to run, then the contract is cancelled (There are more stipulations and timing issues, so please read them yourself for accurate information).  So if you haven't made the contract price back, you could lose whatever hasn't been paid back.
member
Activity: 101
Merit: 10
can u   have negative roi   with pacmac or is it    guaurantee   +roi/even

not according to my tests - you actually start to make infinite money if the difficulty will get to 1000000000000

by every difficulty increase the profit will increase a little bit, but so does the return time
sr. member
Activity: 968
Merit: 250
can u   have negative roi   with pacmac or is it    guaurantee   +roi/even
member
Activity: 101
Merit: 10
if my calculations are correct, the contract will expire after ~96 days and profit is ~3%, right?

http://www.tutorialspoint.com/compile_cpp_online.php

Code:
#include 
using namespace std;

int main()
{
double THs, toPay;
cout << "TH/s Amount: ";
cin >> THs;
toPay = THs;

double dailyRevenue = 0.01076483*THs;
double profit, totalProfit = 0;
int days = 0;

while(toPay > 0)
{
profit = toPay*0.0006048;
toPay -= dailyRevenue;
toPay += profit;
totalProfit += profit;
days++;
}
cout << "Total profit of: " << totalProfit << " in " << days << " days." << endl;

return 0;
}

or did I do something wrong?

sr. member
Activity: 518
Merit: 250
I decided to buy this PACMiC contract if it is open for sale again any time soon.. Had enough of those scams already... Not a huge profit here, but at least I'll be safe. Or there will be no other PACMiC for S5 untill S6 release?  Smiley
sr. member
Activity: 406
Merit: 250
why is this contract no longer offered? will it be back? i didn't manage to save that much crypto to be worth 1 btc to buy it, but i wanted to have it. plz put them back for sale in future when i have money Tongue
btw is it worth to buy that umisoo now cause i could buy that now and when PACMiC contract comes back then sell my umisoo and buy that?

I would not touch anything but S4 or S5 there. You need to have an option of selling back your hash and exiting in case you want to.

I feel the S3 is the best buy. It's not obsolete like s2 or umisoo. And nit as expensive as s4 or s5

Just take a look at volumes. S4 and S5 are the only ones being traded.
member
Activity: 170
Merit: 10
I would be happy to review HashNest's new PACMiC cloud mining service on cloudminingdirectory.com.  I reviewed HashNest's standard cloud mining contracts, but I haven't had a chance to buy any PACMiC contracts yet, as most of my BTC is tied up elsewhere.

Plus the fact that revenue from my farm of S4s hosted at Umisoo has been nonexistent for the past 10 days during the move to Bitmain's facility.

Perhaps you would consider opening up contracts for 100GHS or even 500GHS?  This would make it a lot easier to test out.  I know a few others have requested the same.

PM me or respond to this post to let me know if you're interested!
legendary
Activity: 924
Merit: 1000
why is this contract no longer offered? will it be back? i didn't manage to save that much crypto to be worth 1 btc to buy it, but i wanted to have it. plz put them back for sale in future when i have money Tongue
btw is it worth to buy that umisoo now cause i could buy that now and when PACMiC contract comes back then sell my umisoo and buy that?

I would not touch anything but S4 or S5 there. You need to have an option of selling back your hash and exiting in case you want to.

I feel the S3 is the best buy. It's not obsolete like s2 or umisoo. And nit as expensive as s4 or s5
sr. member
Activity: 406
Merit: 250
why is this contract no longer offered? will it be back? i didn't manage to save that much crypto to be worth 1 btc to buy it, but i wanted to have it. plz put them back for sale in future when i have money Tongue
btw is it worth to buy that umisoo now cause i could buy that now and when PACMiC contract comes back then sell my umisoo and buy that?

I would not touch anything but S4 or S5 there. You need to have an option of selling back your hash and exiting in case you want to.
full member
Activity: 154
Merit: 100
why is this contract no longer offered? will it be back? i didn't manage to save that much crypto to be worth 1 btc to buy it, but i wanted to have it. plz put them back for sale in future when i have money Tongue
btw is it worth to buy that umisoo now cause i could buy that now and when PACMiC contract comes back then sell my umisoo and buy that?
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