I need to use my bitcoi.....grrrr dang S7 is twice+ the hash and twice-ish the price I was anticipating, it'll be a while 'till I accumulate enough.
8-(
Might as well earn a few extra Satoshi while my existing miners accumulate....
Topic: NEW: Hashnest PACMiC V3 - 0.666 BTC/THS - page 5. (Read 15966 times)
I'm also reconsidering since the value of btc increased a bit, hehe.
I decided to turn my auto-invest off, not going to take the risk.
I keep going back, and forth thinking the same thing. After this difficulty adjustment I will switch auto-buy off.Edit: But, then again price seems to be improving and v3 still selling (9549T left) so why not just let it ride? See I'm still second guessing lol
I decided to turn my auto-invest off, not going to take the risk.
I keep going back, and forth thinking the same thing. After this difficulty adjustment I will switch auto-buy off.Edit: But, then again price seems to be improving and v3 still selling (9549T left) so why not just let it ride? See I'm still second guessing lol
I decided to turn my auto-invest off, not going to take the risk.
I'm a bit confused.
Let's say I have purchased 10 THs which is 6.66 BTC principal. I turn on auto invest for a few days/weeks/whatever and now have 10.5 THs. Should my principal have increased to 0.666*10.5 (6.993 BTC)?
+
If autobuy is turned ON, is profit re-invested or are only maining gains re-invested?
Let's say I have purchased 10 THs which is 6.66 BTC principal. I turn on auto invest for a few days/weeks/whatever and now have 10.5 THs. Should my principal have increased to 0.666*10.5 (6.993 BTC)?
+
If autobuy is turned ON, is profit re-invested or are only maining gains re-invested?
Quote
yes it does, think of it like this on a per block basis...
You have 1 TH/s of mining power and are owed 1 btc. A block is solved! You get .0001 btc as your payout for having 1 TH/s of mining power and .000025 of that is profit and .000075 goes towards your principal.
Now without reinvest on, you have .0001 btc in your account and are still owed (1 - 0.000075) .999925 btc back from the PACMiC contract. You have a total of 1.000025 btc since you made a little profit.
Now with reinvest on, instead of that bitcoin going into your pocket, it just buys more hashpower. You have your hashpower increasing by .0001 btc (because that is what hit your account from the payout from the block), but your only owed 1.000025 btc since that is all your profit was.
You have 1 TH/s of mining power and are owed 1 btc. A block is solved! You get .0001 btc as your payout for having 1 TH/s of mining power and .000025 of that is profit and .000075 goes towards your principal.
Now without reinvest on, you have .0001 btc in your account and are still owed (1 - 0.000075) .999925 btc back from the PACMiC contract. You have a total of 1.000025 btc since you made a little profit.
Now with reinvest on, instead of that bitcoin going into your pocket, it just buys more hashpower. You have your hashpower increasing by .0001 btc (because that is what hit your account from the payout from the block), but your only owed 1.000025 btc since that is all your profit was.
Here is a good example of how it works I posted on another thread. Let me know if you still have questions.
I'm a bit confused.
Let's say I have purchased 10 THs which is 6.66 BTC principal. I turn on auto invest for a few days/weeks/whatever and now have 10.5 THs. Should my principal have increased to 0.666*10.5 (6.993 BTC)?
+
If autobuy is turned ON, is profit re-invested or are only maining gains re-invested?
Let's say I have purchased 10 THs which is 6.66 BTC principal. I turn on auto invest for a few days/weeks/whatever and now have 10.5 THs. Should my principal have increased to 0.666*10.5 (6.993 BTC)?
+
If autobuy is turned ON, is profit re-invested or are only maining gains re-invested?
Quick update my investment was 9.99 btc 15th purchased from August 13th until August 19th
I have been paid back 1.3664 btc .
I will give a new report in a bit. Sept 1 or so.
I have been paid back 1.3664 btc .
I will give a new report in a bit. Sept 1 or so.
Hi I am just curious if you have your auto-buy on or off, or you wanted to know if what is really the estimated profit of your purchase on the 9.99btc. I'd assume that the profit after 80days without auto-ff will be just decent.
The problem with the PACMiC is that you can't trade your hashrate purchase and cannot terminate withdraw anytime. I'd just look at this investment similar to a TIME deposit in the bank but with a twist that you will be controlling or variable with the number of days it will be invested.
So after reading the whole thread, I've become really sceptical about PACMic.
May I ask why you are still skeptical, considering this is the third incarnation of the PACMiC product ?Well first of all many users seem to disagree on the true ROI%, but it is probably around 12% plus there
were some payment problems during the past weeks. (Due to the accident, maybe?)
Of course, I could be totally wrong, and thats why I am asking for your opinion.
Have a nice day,
John
There is definitely some risk involved with the Core vs XT split what btc price will do, and the increasing difficulty, but it appears to be the best "safe" option out there for some investment returns. Invest at you own risk.
So after reading the whole thread, I've become really sceptical about PACMic.
May I ask why you are still skeptical, considering this is the third incarnation of the PACMiC product ?Well first of all many users seem to disagree on the true ROI%, but it is probably around 12% plus there
were some payment problems during the past weeks. (Due to the accident, maybe?)
Of course, I could be totally wrong, and thats why I am asking for your opinion.
Have a nice day,
John
So after reading the whole thread, I've become really sceptical about PACMic.
May I ask why you are still skeptical, considering this is the third incarnation of the PACMiC product ?
So after reading the whole thread, I've become really sceptical about PACMic.
Should I buy 2TH/s from them? Is it going to be any profitable?
Thanks in advance,
John
Should I buy 2TH/s from them? Is it going to be any profitable?
Thanks in advance,
John
Quick update my investment was 9.99 btc 15th purchased from August 13th until August 19th
I have been paid back 1.3664 btc .
I will give a new report in a bit. Sept 1 or so.
I have been paid back 1.3664 btc .
I will give a new report in a bit. Sept 1 or so.
While we're at it...
Turned 20TH into ~22TH through autobuy and decided to start paying off the contracts now.
In the wallet...
Quick update my investment was 9.99 btc 15th purchased from August 13th until August 19th
I have been paid back 1.3664 btc .
I will give a new report in a bit. Sept 1 or so.
I have been paid back 1.3664 btc .
I will give a new report in a bit. Sept 1 or so.
Which pretty much means "pray for a bitcoin price jump" because bitcoin difficulty drops are uncommon, small, and so far always followed by an increase bigger than the drop was.
Bitcoin price jump not looking good for the moment...
it's for one year, 0.000000008*60*60*24*365=0.252288
Could you provide your calculations on how the PACMiC V3 can achieve a 25% APR? Does that assume the auto rebuy feature is turned on all year long or some portion of the year?
You're not factoring in the reward drops with the amount of BTC remaining on the contract. which drops the average rate of return on the PACMIC by appx. 2/3ds
Antminer S3 undervolted CAN be profitable, if your cost of electric is low enough. Right now I'd guess around .12c/kwh or less is making money for a very undervolted S3, though probably need a fair bit lower yet to have a chance at RoI if you bought one now.
Quote
If after the suspension period, difficulty has dropped or bitcoin price has risen
Which pretty much means "pray for a bitcoin price jump" because bitcoin difficulty drops are uncommon, small, and so far always followed by an increase bigger than the drop was.
A better estimate of annualised rate of return would be more like 8-9% at recent difficulty increases, with a fairly high probability of getting all of your principal back in 8-9 months (shortly BEFORE the halving). This is assuming an average difficulty increase of 2% (the last year has averaged 1.7%, but the last couple months have been a bit over 2% *PROBABLY due mostly to Bitmain deployment of S7s into Hashnest/their own farm and resale of the used S5s they're replacing*).
I have 7% more hash power now since I started with 1 TH and auto-rebuy, slowly increasing
Do someone has a theory about why are people interested in buying Ant S3 and Umisoo?
They have negative ROI as I understand but anyway there are people buying on their markets.
Am I missing something?
They have negative ROI as I understand but anyway there are people buying on their markets.
Am I missing something?
I have no idea, but my best guess is that they are making money simply by trading them in the market.
Do someone has a theory about why are people interested in buying Ant S3 and Umisoo?
They have negative ROI as I understand but anyway there are people buying on their markets.
Am I missing something?
They have negative ROI as I understand but anyway there are people buying on their markets.
Am I missing something?
your auto rebuy is turned off (even though it still says "on") and the money that would be going towards buying more hashpower is now going into your wallet. You should start to see that the contracts, "Paid Back" amount is increasing, as is the coins in your wallet.
Ticket still waiting for an answer, but BTC community is always here to help, thanks for that and I could confirm your information.
May be you could confirm another point that is not clear
When I'm selling hashpower on the market (Not pacmic contracts)
the FAQ saids
"Your order will be placed on the trading market, and waiting for a match. The order will complete when a ordering price matches your selling price, and the Bitcoin will be transferred to the seller, at the same time, the buyer will get the hash rate. The ownership and earnings of this hash rate will then belong to buyer."
But what happens with that power meanwhile?
It will continue mining for me until sold or was paused?
It seems that it continues mining, but could be useful to explicitly said that on the corresponding FAQ question.
Yes, when you are selling hashpower and the hash is in a sell order on the market it is still considered yours until sold and you will receive and payouts/maintenance fees.
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