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2081  Economy / Service Discussion / Re: HASHNEST Discussion and Support Thread on: June 12, 2015, 05:16:06 PM
Quote
Sounds the same to me. For Hashnest, some people claim that the S4 is more profitable than the S5 by the way, so you might be able to squeeze out a few more percentages out of it, depending on BTC value.

It seems the S4 are all sold out.
Only S5 are available

I hope someone shares their numbers, then I will decide  Grin

Where can I find an S5 contract? I only see the PACMiC V2?

You can either by a PACMiC V2 or hash from an S2, S3, UMISOO, S4, or S5 which can be found by clicking Hash, then choosing the hash from the version of miner you want.  So if you want to buy 1000 GH/s of S5, go to Hash, click S5, go to market and put in a buy order for 1000 GH/S.

Thanks. after comparing, it seems to me, that pacmic has less risk guaranteed roi, while something like s5 is higher risk as it depends on the difficulty and risks becoming unprofitable. right?

Unless if I misunderstand the pacmic revenues:
0.0000000045 *60 * 60 *24 = 0.0003888 the first day


You almost got the PACMiC revenue right, you also have to take it times the remaining principal.  So towards the end of the contract, you are earning very little profit.

I'm not native english, don’t know if this is the reason, but I really have a hard time understanding PACMiC V2.

I get that it has less risk than a normal mining rig. And that I should get profit in less time.

But what is the capital?

How much profit or close value can we get?

How long will it be mining for us?

Anyone care try and explain to this sorry newbie?

Thanks

Think of it as a bond.   You own nothing physical, but will get returns every time a block is found.

You pay 1 btc to Hashnest.  In return, they promise to pay you 1 btc back and interest for borrowing your money.  Overtime, you will slowly start earning your 1 btc of principal back, and interest for the time that you let them borrow your money.  That is the easy way to understand it, now a bit more technical is how it is done...

The loan is paid back based on 1 TH/s of mining power.  When the pool finds a block, you get a reward as if you had 1 TH/s of mining power pointed at the pool, with no electricity or admin fees taken out.  So lets for the sake of this example say that a block is found and 1 TH/s of mining power gives you .00005 btc.  The .00005 btc is paid to you and your principal is reduced by that amount.  Now they only owe you .99995 btc back. This goes on every time a block is found until you have your 1 btc back.

There is also profit built into that though.  So, with the first block found, if it takes 1000 seconds to find that block, your profit would be .00004500 (1000 seconds X 4.5 satoshis X 1 btc).  So instead of of the .00005 btc going towards principal, you subtract out your profit portion, and the remaining goes towards your principal.  The next block also takes 1000 seconds, but your profit will be lower because your principal is lower (1000 seconds X 4.5 satoshis X remaining principal balance).
2082  Other / Off-topic / Re: Am i reading this right? 2 Million Bitcoins on: June 12, 2015, 04:23:30 PM
It wouldn't actually take that long to get to 2 million bitcoins received.  Remember that is not the current balance of the wallet, but the number of bitcoins that have passed through there.  So if I had 10 bitcoins and just kept sending them to myself (could even pay 0 transaction fees which would make it cheaper, but take a little longer to get confirmations), I could quite quickly get a wallet with 2 million+ bitcoins received.
2083  Economy / Service Discussion / Re: HASHNEST Discussion and Support Thread on: June 12, 2015, 04:21:10 PM
Quote
Sounds the same to me. For Hashnest, some people claim that the S4 is more profitable than the S5 by the way, so you might be able to squeeze out a few more percentages out of it, depending on BTC value.

It seems the S4 are all sold out.
Only S5 are available

I hope someone shares their numbers, then I will decide  Grin

Where can I find an S5 contract? I only see the PACMiC V2?

You can either by a PACMiC V2 or hash from an S2, S3, UMISOO, S4, or S5 which can be found by clicking Hash, then choosing the hash from the version of miner you want.  So if you want to buy 1000 GH/s of S5, go to Hash, click S5, go to market and put in a buy order for 1000 GH/S.

Thanks. after comparing, it seems to me, that pacmic has less risk guaranteed roi, while something like s5 is higher risk as it depends on the difficulty and risks becoming unprofitable. right?

Unless if I misunderstand the pacmic revenues:
0.0000000045 *60 * 60 *24 = 0.0003888 the first day


You almost got the PACMiC revenue right, you also have to take it times the remaining principal.  So towards the end of the contract, you are earning very little profit.
2084  Economy / Service Discussion / Re: HASHNEST Discussion and Support Thread on: June 12, 2015, 03:52:28 PM
Quote
Sounds the same to me. For Hashnest, some people claim that the S4 is more profitable than the S5 by the way, so you might be able to squeeze out a few more percentages out of it, depending on BTC value.

It seems the S4 are all sold out.
Only S5 are available

I hope someone shares their numbers, then I will decide  Grin

Where can I find an S5 contract? I only see the PACMiC V2?

You can either by a PACMiC V2 or hash from an S2, S3, UMISOO, S4, or S5 which can be found by clicking Hash, then choosing the hash from the version of miner you want.  So if you want to buy 1000 GH/s of S5, go to Hash, click S5, go to market and put in a buy order for 1000 GH/S.
2085  Other / Archival / Re: Pictures of your mining rigs! on: June 11, 2015, 02:43:50 PM
need 7 more of 2 different colors.  I can't seem to find those colors at all.
Should list which colors/styles you're missing Smiley

I'm willing to bet gold is one of them.  I remember it being treated special.    

I remember so many LED's to indicate things.  We have much better way's to deal with status's now than a row of blinking miners Smiley.

I don't think it was, I always had a ton of gold, black, and red.

It's too bad, there is nothing quite like the twinkling of LED's in a dark room thats making you money.  When they were set up to PPS I remember thinking caching caching caching, every time one of them blinked.  It was fun. Smiley
2086  Other / Archival / Re: Pictures of your mining rigs! on: June 11, 2015, 02:38:22 PM
need 7 more of 2 different colors.  I can't seem to find those colors at all.
Should list which colors/styles you're missing Smiley

I need to double check when I get home, I always loved these little things though, used to have 60 or 70 running at once.  Good times
2087  Other / Archival / Re: Pictures of your mining rigs! on: June 11, 2015, 02:29:42 PM
Happened to find a old picture when going through some stuff.  A little retro throwback to usb days.


Anker hubs and all blue miners Smiley.  Later on it became 40 miners but with assorted colors.
These were fun, I had 8 or 9 in my media cabinet but when I would reach to reset my Android media player I would always burn the hell out of myself. Those little things sure got hot!

I was trying to collect 10 of every color to have and keep (who knows if a colored set would be worth something some day?)  I managed to get 3 whole sets and need 7 more of 2 different colors.  I can't seem to find those colors at all.
2088  Economy / Marketplace / Re: I need advice and help with a big IF! on: June 11, 2015, 02:27:41 PM
Then let the house decide, report your findings.   If it is a bug/exploit like you previously claimed in the original post, then they will fix it and yay you, you helped out a human being and feel good and have your answer.  If they ignore you or say it was part of the design of the game, then you can play it to your hearts content knowing you did everything you could and not have any guilt for taking them for all their worth.
2089  Economy / Marketplace / Re: I need advice and help with a big IF! on: June 11, 2015, 01:54:50 PM
To be honest i'm not stealing anything from anyone...

I'm playing as anyone else...

I only have a little edge on the house..

Nothing illegal and don't call me a criminal please...

So i'm asking if it is right to take advantage on the house or report the situation..

And with "bug" i mean patterns that give me edge..

No you are wrong, this is criminal activity, and if the casino you are playing at finds out and that you have been exploiting it, you can be brought up on criminal charges.  It is no different than if you walked into a brick and mortar casino and starting swiping chips when the dealer wasn't looking.  You are picking their pocket by exploiting them.  It is most certainly illegal and criminal activity and you will be branded a criminal for doing it.
2090  Economy / Marketplace / Re: I need advice and help with a big IF! on: June 11, 2015, 01:29:52 PM
Well that depends on what type of person you are.  You are stealing from the website, which is run by actual people, which is hurting their business.  If you can live with yourself being a criminal and being judged by whatever deity you worship, then by all means continue with what your doing.

The casino's usually offer some kind of bonus for these type of things also.  Take revel in the fact that your a good person and helped out another human being, don't be an asshole and steal.
2091  Economy / Lending / Re: I need a loan again. on: June 11, 2015, 01:26:05 PM
I have a sovereing!
But im not sending by post,  the coin worth about 350 dollars and I dont want to have problems...

Then you don't get any loan.  Please offer a valid form of collateral that a trusted 3rd party can hold for the duration of the loan.
2092  Economy / Investor-based games / Re: ★Btc-GoldMine - New faucet 288,000 Shatoshi per day! 20% Referral★250% Profilt★ on: June 10, 2015, 04:43:19 PM
Move on now guys this has been gone for almost a week!

Don't bump dead threads to get payouts on your sig campaign.  You have been reported to the person running your sig campaign for spamming old threads.
2093  Economy / Service Discussion / Re: Hashnest 's newest PACMiC Cloud Mining Contract on: June 10, 2015, 04:42:15 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.
2094  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Property Investment Pool Assets by EquityLandlord.com on: June 10, 2015, 01:32:59 PM
So many questions...

First off, unless you tell us who you and your team are, we are done here.  Plain and simple as that, don't come back with some bullshit response about needing anonymity, if you are a truly legitimate business, then you would have nothing to hide.  Anything less than names and docs at this point will result in you being a scam and getting negative rep.

What are people buying into?  It is painfully unclear what you are offering and what the difference between a proplet and a primelet is (btw really bad naming as it is very close to hashlet which I am sure leaves a sour taste in a lot of people's mouths still).  I assume you are not offering shares of your company?  What is the difference between the 2 aforementioned assets and the "funding" section of your website?

What experience do you have in the real estate industry?  I never once saw a mention of upkeep or taxes on the owned properties and what that entails?  What happens if the "pool" of money dries up and a new roof is needed for a property?   Who covers that?  Who covers repairs and maintenance?  Nor did I see any mention about how you plan to go about filling up vacancies.  There are obviously a ton more questions pertaining to these topics, but this is a good starting place.

Will monthly payouts be done in bitcoin?  When will the cash paid for the rent be converted to bitcoin?  At the time it is received?  At the end of the month?  What is your "management cut" percentage?

I will leave it there for now because I want to see where the names and docs gets us, I honestly believe with 95% of my heart that this is currently a scam (your website looks pretty cheap and if you really have a team of "experienced" real estate people, it doesn't seem like it as your initial ANN is severely lacking in information and directive).
2095  Economy / Service Discussion / Re: HASHNEST Discussion and Support Thread on: June 09, 2015, 11:21:46 PM
what was the first pacmic  payout rate  ,   pacmic v2  is 0.45

first one was literally double it .7
They got greedy with version 2 and cut the interest in half essentially

Half of .7 is .35, so they didn't slash it quite in half.  I'm also not sure if the change could be described as greed, they likely needed to fine tune what is a nascent offering.

That said, I'm not sure if I'm going to buy into this round.  I think I could do better in the slightly riskier Hashnet market.

Yea, if the original PACMiC was 22% APR, this one will be roughly 14% or so, not sure its worth it unfortunately since it isn't risk free and depending on the difficulty over the next couple of months, could actually be more risky than buying other hash since you can't cut your losses and get out.

That being said, I will buy some because for now, I think they are a good stable return.

EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?

EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.

If PACMiC v2 is only paying 14% APR you can do better with an interest bearing wallet at HaoBTC. If you deposit 10 bitcoin for twelve months you will receive 15.58% APR. For wallets holding under 10 bitcoin the APR is fixed 8%. Advantage over PACMiC is you can withdraw your funds at any time.

Weren't they having some kind of problems with paying out users or being insolvent?  I thought I heard something recently where they were looking more and more like a scam daily.  Could be wrong.
2096  Economy / Service Discussion / Re: HASHNEST Discussion and Support Thread on: June 09, 2015, 05:13:06 PM
With Bitmain's AntMiner S7 coming next month, does it make sense to invest into Hasnest now or do you guys think it's better to wait?

Where was it announced the S7 is coming out next month? Link...
2097  Economy / Service Discussion / Re: Hashnest 's newest PACMiC Cloud Mining Contract on: June 09, 2015, 03:53:12 PM

I'm unclear on this PACMIC (v2) service...

It *looks* really good, and I'm keen to invest --

BUT, I'm not clear on the 'pay back' scheme... does this mean I only pay a deposit per TH rather than the full 1 BTC ?



You pay 1 btc for 1 TH. To explain it very simple how it works is when you get your principle (1btc) back the contract ends and the miner is no longer yours. To make you a profit some of the coin they pay you does not count toward this principle so you end up with an ROI. the only way to actually lose money is if the S5 becomes unprofitable while you have the contract. As difficulty goes up it will take longer to pay you back but there is no timer on the contract. Essentially the estimated APY was around 22% I believe but with v2 its more around 14-16%.

Ah! Ok, I get it.... effectively I buy the miner at a reduced cost and HashNest buy it back from me with the interest being the (time * 4.5 Satoshi * amount owed) payment.

What are people's experiences of the 'v1' of this scheme ?


It worked out really well.  I have a couple of them that are about 86% paid back and some down to about 55% paid back.  They have brought in some income for a fairly safe investment.  Have been pretty happy so far.

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.
2098  Economy / Currency exchange / Re: Have 375$ PP, Need 1.5 BTC on: June 09, 2015, 03:42:10 PM
I messaged him. He wants you to send the bitcoins first, with no escrow.
If you saying about DebitMe you right, he is trusted user you are newbie, that means you go first.¨

Edit: there is many trusted users in the forum that i would have no problems in sending first, just be carefull.

I think he is talking about OP, and OP wanting the person to send first.  I have not received any PM's today.

Thank you for your kind words though Smiley
2099  Economy / Currency exchange / Re: Have 375$ PP, Need 1.5 BTC on: June 09, 2015, 02:48:15 PM
I would be happy to help you out through Western Union or cash in the mail?
2100  Economy / Service Discussion / Re: Hashnest 's newest PACMiC Cloud Mining Contract on: June 09, 2015, 01:14:15 PM

I'm unclear on this PACMIC (v2) service...

It *looks* really good, and I'm keen to invest --

BUT, I'm not clear on the 'pay back' scheme... does this mean I only pay a deposit per TH rather than the full 1 BTC ?



You pay 1 btc for 1 TH. To explain it very simple how it works is when you get your principle (1btc) back the contract ends and the miner is no longer yours. To make you a profit some of the coin they pay you does not count toward this principle so you end up with an ROI. the only way to actually lose money is if the S5 becomes unprofitable while you have the contract. As difficulty goes up it will take longer to pay you back but there is no timer on the contract. Essentially the estimated APY was around 22% I believe but with v2 its more around 14-16%.

Ah! Ok, I get it.... effectively I buy the miner at a reduced cost and HashNest buy it back from me with the interest being the (time * 4.5 Satoshi * amount owed) payment.

What are people's experiences of the 'v1' of this scheme ?


It worked out really well.  I have a couple of them that are about 86% paid back and some down to about 55% paid back.  They have brought in some income for a fairly safe investment.  Have been pretty happy so far.
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