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What about those whose transactions were carried out, but who never actually received anything? I am still waiting for 3 BTC which Scrypt CC withdrawal page claims has been sent.
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Hello all
Just have a newbie question I just saw these contracts and would like to buy a few maybe get rid of miners in garage which wife moans constantly about but wondering should I wait till btc makes a bit of a rebound before I invest, just worried the downward spiral btc has done the past week would the contracts stop mining soon?
Many thanks for any replies
Well, if the mining stops it is only temporary until conditions improve. So, if you believe Bitcoin is king and can endure minor setbacks like we have seen this week, you could buy a 1 TH contract to see how it works, and if you like it, you could invest more. That is my advice anyway! |
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The way you are describing it is correct. Your profit is being added onto what is owed back to you and your payouts are being used to purchase more hashing power. Once the auto rebuy is turned off or they run out of PACMiC contracts, then you will start to get paid back. The auto rebuy will be turned off if you turn it off or if they run out of contracts. The contract will end when you are paid back or if it costs more in electricity to run the units than they make. You can go to https://bitcoinwisdom.com/bitcoin/calculatorto calculate when that might be. I usually put in 5% increase to be conservative, electricity price of .098, pool fee of 0, 1000 GH/s, hardware price of 0, and power of 590. As of right now, with those inputs, a S5 will become unprofitable in about 138 days. If you change the power usage to 0, it shows that .666 bitcoin will be paid back in about 80 days. That leaves almost 60 days for autorebuy to be left on (which will of course change some factors as your speed will be higher but so will the amount owed). You can at least play with the above numbers some and get an idea of how long it would take to pay you back with various scenarios and when you could lose your investment if bitcoin price dropped or difficulty shot up. Thank you for this reply! Your advice is sound  |
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I'm a bit confused about the ROI on these contracts..
Is it correct that the only profit you are to make is the 0.8 satoshi per second times the outstanding payment (basically means the 0.8 satoshi per second becomes lower and lower with more of the contract paid?)
I think you are right, but someone else should confirm. Will this also mean that we get a higher profit rate if we constantly reinvest, as the contract never gets paid off (payment goes towards reinvestment)? Or does it not work like that? I don't think the 25% max can happen but that it can be approached by your method of reinvesting.. I think 12% is the lowest and 25% is highest. 12% would be if you don't invest back 25% if you do invest back. this disregards other stuff such as bad luck. I think bad luck early in the contract and good luck late in the contract helps us. OK, so now I have bought 1 TH/s of PACMiC v3 with auto-rebuy on (yesterday). So far my profit has automatically bought more hashing power, as I expected it would. When I check the stats, it says that I have "0.0 BTC paid back", and my principal has increased. As the contract terms state, we make more profit the less we have been paid back on our principal payment. Does this mean that so long as I keep auto-rebuy on I will get the maximum performance of my hashing power, and that the contract will never expire? If so, then it must be most profitable to just leave the pacmic constantly on auto-rebuy? If my line-of-thought is correct, then this appears to be a safe and prosperous move. The only way it can fail is if we let the contract run for so long that mining stops being profitable and we never get our principal back after turning off auto-rebuy. On the other hand, maybe "0.0 BTC" does not show enough decimals to reflect my 5-digit satoshi profit yet, and thus the initial principal might be paid back slow and steady without me noticing... It is already sounding too good to be true, which probably means I have got something wrong. However, if I am half-right, the auto-rebuy will probably stop working after all the PACMiCs have been purchased, and so the offer is most lucrative for the early investors... It says there are in total 30,000 contract units. |
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I'm a bit confused about the ROI on these contracts..
Is it correct that the only profit you are to make is the 0.8 satoshi per second times the outstanding payment (basically means the 0.8 satoshi per second becomes lower and lower with more of the contract paid?)
I think you are right, but someone else should confirm. Will this also mean that we get a higher profit rate if we constantly reinvest, as the contract never gets paid off (payment goes towards reinvestment)? Or does it not work like that? |
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Has anyone been receiving any BTC today? I still cannot see my transaction in the blockchain after the withdrawal completed in Scrypt...
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There are five of us now. Four of us were on the same day, about 15:00 Scrypt time. I am getting information about who to report this to. There actually may be something we can do. What can we do Meepers ? Better call Saul!!! |
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My 3 BTC withdraw request from Sunday evening came through late last night on Scypt CC (just shows the amount in red). However, this was about 14 hours ago and there is still not a sign of anything on the blockchain. I will let you know if I receive it.
What was the time/date/ stamp from it from Scrypt? Seems these missing but processed transactions all occurred about the same time and day. Could be, here is my date/time/btc-stamp from Scrypt. 2015-08-12 19:27:52 3.00000000 |
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My 3 BTC withdraw request from Sunday evening came through late last night on Scypt CC (just shows the amount in red). However, this was about 14 hours ago and there is still not a sign of anything on the blockchain. I will let you know if I receive it.
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Help me. I don't understand.
The transaction 2015-08-12 14:36:17
BTC 15.75141996 is not in queue. It's already fulfilled. But I can't see it in my wallet. What's wrong?
You should run your deposit address through the blockchain to see if there are any pending transactions towards it. But it's withdrawal, not deposit. In withdraw transactions it has the status processed and not in queue anymore, but I don't see it in wallet. Someone had the same problem? I'm assuming you mean that it has the status of processed in Scrypt CC. If so, your fate now lies within the blockchain, which means that you can check your deposit address (your wallet address) in the search field here https://blockchain.info/. |
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Help me. I don't understand.
The transaction 2015-08-12 14:36:17
BTC 15.75141996 is not in queue. It's already fulfilled. But I can't see it in my wallet. What's wrong?
You should run your deposit address through the blockchain to see if there are any pending transactions towards it. |
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For whom it may concern:
Site is sluggish as hell, however the rewards are slowly ticking in again. I requested a 2.12 BTC withdraw sometime on Saturday. Then I waited, and got real worried, but it finally came through today a few hours ago.
The trade engine is seriously bogged down, probably due to the amount of people panicking when reading this thread. By refreshing the page a few times the trades do appear to be carried out though...
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