What does status, "Appending" mean?
Why hasn't my V2 been paying out all day? EDIT: Also, it is really hard to tell how much I have left to be paid back with the visual changes to the main page. It shows how much has been paid back, but either a summary up top or showing the amount for each contract left to be paid would be really helpful. |
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What does status, "Appending" mean?
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It looks like the offending person is seriouscoin who is apparently a shill for whoever is leading the smear campaign against dogie. It also appears that his signature contains the dox of someone else that he does not like (posting a name, phone number and claim of homosexuality is a pretty good indication of this). He has also been a hernia on the ass of this forum for quite some time, posting nonsensical tyrannical stupid shit that is frankly annoying and abusive to every thread he frequents. I feel for you OP, and sorry if anyone from your family has been offended by this radical douche nozzle. |
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It is the exact same this time around as before...
You pay 1 btc, which equates to 1 TH/s of mining power. As blocks are found by Antpool, you get a payout equal to as if you had 1 TH/s of mining power pointed at the pool. There are no electricity or maintenance fees taken out. This amount goes back to you and reduces the amount that they owe you (which was 1 btc). You get profit based on the length of time it took to find that block times 4.5 satoshis times your unpaid principal.
As for whether it is profitable and/or better than anything else. There is no crystal ball. If everyone knew the answer to that, there would be no question, but no one can predict what the future of mining will bring. As with anything, there is a risk involved in buying a PACMiC, the thought is that the risk with these are lower, and therefor you will get less return on your money compared to other investments. Do your own calculations and determine your risk level and what your looking for in an asset/return.
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[quote ]
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.
no, if you open autobuy feature in PACMIC v1, it will just running in V1 not in V2 Is there anyway that can be changed? I would much rather have my bitcoin working for me and being put into V2 then being deposited into my account. It should be the exact same thing for you guys but on a micro transaction scale(like it works anyway) from V1 to V2. I think the reason they did not do it and its a good idea they didnt is the terms changed since the APY has decreased. A lot of users would have been mad if they autoswitched it to a new contract automatically. [/quote] From what I can gather, the only difference is that the profit amount went down, if anyone sees any other please let me know. So, Hashnest should turn everyone off rebuy in globally, then if you want to go to V2, simply turn it back on. |
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[quote ]
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.
no, if you open autobuy feature in PACMIC v1, it will just running in V1 not in V2 [/quote] Is there anyway that can be changed? I would much rather have my bitcoin working for me and being put into V2 then being deposited into my account. It should be the exact same thing for you guys but on a micro transaction scale(like it works anyway) from V1 to V2. |
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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. |
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If I have auto buy turned on for for PACMiC v1, will it buy into PACMiC v2 with the reinvestment?
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So the new one will take more than this since the bonus is lower!  No I think it should take the same amount of time, but you will make less since the profit portion was cut in half. So they were advertising the original PACMiC was around 22% APR, but now it will be closer to 11%. Not really worth it anymore IMO. |
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you said its free after all, then said there is a price, which is it?
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I am having my own problems with cryptsy that I am still trying to resolve. After the forum was hacked, my cryptsy account was hacked (using the same login credentials, I know, I know, don't need a lecture). But the withdrawal was not processed by cryptsy yet by the time I got on in the morning. I quickly contacted support and changed my password. Soon after, my account was "Locked". I have sent in multiple support tickets that keep going unanswered and I have no idea how to get my money back since they won't reply to me.
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Am I able to change some hash into a code? I wanted to give my brother some hash for his birthday, but all I am seeing is redeem hash and not a way to code it to give to someone.
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I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet
Agreed. It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee. It will be a while before it gets phased out, unless BTC prices drop significantly. Care to show why its more profitable than the S5? because I would have to disagree with your statement. It s more less the same in terms of profitability. The only issue is which of these two will be impacted more when S6 gets out in terms of price. In order words, which miner ll suffer more price reduction. not really, there is a pretty clear winner no matter what difficulty adjustments are. Its the S5 in case anyone is wondering. I am sure when the S6 comes out there will be a temporary decrease in price, but it will jump back to the level it should be at quickly since the price of the other offerings don't really rely on the price of any other offering. The S5 is more efficient, and therefore more profitable, only if you are are personally hosting the miners. If, however, you are purchasing the GH from Hashnest, the S4 is more profitable because the price per GH and the cost of maintenance is currently less than that of the S5. You can feel free to disagree, but the neat thing about Bitcoin is that its reality is dictated by math and nothing else. ;-) If you feel renting S5 hashrate makes you feel fancier, have at it. When it becomes more profitable to use S5s on Hashnet, I'll move my holdings to that column. Until then, it's the S4 ( and the math) that adds up for me. Actually, I ran all the numbers based on the current price and maintenance charges for various difficulty percent changes, and every single time the S5 had higher payouts in the long run. So you are right, the math tells the correct tail. By your logic btw, the S3 is better than the S4 based on current price and maintenance fee. Also, I asked for you to show your math on why the S4 is more profitable, but you haven't, if your only basing it off of the fact that the maintenance fee is not off in the same proportion as the price, then you are not capturing the whole picture and will not make as much money as you can in the long run. I linked to the math, above. I'll do it again in longer form: http://nextdifficulty.com/#roi. Difficulty has zero bearing in this, as we're working with the cost of each GH unit, which will mine exactly the same coin regardless of which chip you are using. The important factors are the market price per GH of both machines, the cost of electricity (maintenance fees) and the take home after we remove the maintenance fees (which are converted from USD, so you have to take the conversion into account as well, it obviously changes daily). The S4 will return (based on current market price and maintenance fees) your original investment sooner than the same math on the S5. You're paying a premium to use the latest gear, which doesn't make sense to me in a cloud mining environment. In the long run the maintenance fee will knock the S4 off the curve, but currently it's the best bang per GH at the current market price. If the fees increase because BTC drops, or if the market price increases substantially, then the S4 doesn't makes sense. That is not the case right now. Either way, you do you. My ego can handle it, I promise.  Good luck I say to you then, I hope we all make a profit. I will try to get my spreadsheet into google docs and clean it up a bit later. |
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I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet
Agreed. It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee. It will be a while before it gets phased out, unless BTC prices drop significantly. Care to show why its more profitable than the S5? because I would have to disagree with your statement. It s more less the same in terms of profitability. The only issue is which of these two will be impacted more when S6 gets out in terms of price. In order words, which miner ll suffer more price reduction. not really, there is a pretty clear winner no matter what difficulty adjustments are. Its the S5 in case anyone is wondering. I am sure when the S6 comes out there will be a temporary decrease in price, but it will jump back to the level it should be at quickly since the price of the other offerings don't really rely on the price of any other offering. The S5 is more efficient, and therefore more profitable, only if you are are personally hosting the miners. If, however, you are purchasing the GH from Hashnest, the S4 is more profitable because the price per GH and the cost of maintenance is currently less than that of the S5. You can feel free to disagree, but the neat thing about Bitcoin is that its reality is dictated by math and nothing else. ;-) If you feel renting S5 hashrate makes you feel fancier, have at it. When it becomes more profitable to use S5s on Hashnet, I'll move my holdings to that column. Until then, it's the S4 ( and the math) that adds up for me. Actually, I ran all the numbers based on the current price and maintenance charges for various difficulty percent changes, and every single time the S5 had higher payouts in the long run. So you are right, the math tells the correct tail. By your logic btw, the S3 is better than the S4 based on current price and maintenance fee. Also, I asked for you to show your math on why the S4 is more profitable, but you haven't, if your only basing it off of the fact that the maintenance fee is not off in the same proportion as the price, then you are not capturing the whole picture and will not make as much money as you can in the long run. |
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I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet
Agreed. It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee. It will be a while before it gets phased out, unless BTC prices drop significantly. Care to show why its more profitable than the S5? because I would have to disagree with your statement. It s more less the same in terms of profitability. The only issue is which of these two will be impacted more when S6 gets out in terms of price. In order words, which miner ll suffer more price reduction. not really, there is a pretty clear winner no matter what difficulty adjustments are. Its the S5 in case anyone is wondering. I am sure when the S6 comes out there will be a temporary decrease in price, but it will jump back to the level it should be at quickly since the price of the other offerings don't really rely on the price of any other offering. |
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I doubt S4s will become unprofitable in the short term. Its maintenances fees are not even at 90% yet
Agreed. It's currently the most profitable option on Hashnest, and is sitting at a ... 68% maintenance fee. It will be a while before it gets phased out, unless BTC prices drop significantly. Care to show why its more profitable than the S5? because I would have to disagree with your statement. |
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I vote Kluge! He's the wittiest member by far Xetsr I would trust since he's traded with such sheer volume of BTC. SaltySpitoon as well since he's always been composed and even-tempered even in his position of power. Actually surprised that neither of these three are on DT. I always get surprised too by who is and who isn't in default trust. I have my own personal list of members who I hold in pretty high regard here, and they aren't always on default trust. If they have never traded with someone on default trust, then they have a pretty low chance of getting there. |
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Looks like a ponzi if I have ever seen one. Enjoy your neg rating for trying to steal people's money.
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scammers getting lazier, this one is just sad. enjoy your neg rating.
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PS: UPDATE
We change the payout from hourly to each 3 hours.
Blockchain api sometimes get error in hourly payments, since some payments are not confirmed yet, so to avoid erros we changed the scrypt to send the payout in each 3 hours.
Thanks
More like, people are calling your scam and new deposits aren't flowing in as quickly as you thought, therefor you don't have the money from new deposits to pay out older contracts. If only there was a word for this type of scam... |
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