NEW: Hashnest PACMiC V3 - 0.666 BTC/THS

[lunnalee]

 
    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?

But, your not earning .000000008 btc per second all year long, in fact, with the new cost being .666 btc, you don't even earn .8 satoshis per second on the first block found.

Also, it is impossible to earn .8 satoshis for an entire year (given no difficulty or price changes) because your taking it times the remaining balance, which, no matter if the auto rebuy is on or off, will not be exact same again.  It's quite a misleading calculation.  Still really good returns (My math shows more around 12.7% with no auto rebuy), but the math used to get to the 25% is pretty misleading.

you mean 25% is not accurate? Can you provide your math calculations ? WHY 25% is misleading calculation,and 12.7% is correct answer?

[DebitMe]

 
    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?

But, your not earning .000000008 btc per second all year long, in fact, with the new cost being .666 btc, you don't even earn .8 satoshis per second on the first block found.

Also, it is impossible to earn .8 satoshis for an entire year (given no difficulty or price changes) because your taking it times the remaining balance, which, no matter if the auto rebuy is on or off, will not be exact same again.  It's quite a misleading calculation.  Still really good returns (My math shows more around 12.7% with no auto rebuy), but the math used to get to the 25% is pretty misleading.

you mean 25% is not accurate? Can you provide your math calculations ? WHY 25% is misleading calculation,and 12.7% is correct answer?

https://docs.google.com/spreadsheets/d/1zbKKyXtW0vcfGDufk_UIRg_gAi0JzjsFwvB7LGj8bOI/edit?usp=sharing

[philipma1957]

I now  have 2th .  I will post here regular.

I wonder if I should do one with and one with out auto buy

[lunnalee]

I have brought the hashnest pacmic V1 a few month ago ,the rate was 0.7/s ,and without Auto buy ,I got 0.1465169 profit back.



V3 is more cheaper and higher reward than V1!

[Xian01]

Seems the email or backend systems may be a bit bogged down, as I had trouble getting password and trading PIN resets to hit my email as well.

Took me three tries to get my password and PIN resolved, and I'm now in this for 10TH 20TH, with Auto Buy set.

Good luck everyone !

EDIT: So far...



EDIT2: Ah, fuck it...

[philipma1957]

Seems the email or backend systems may be a bit bogged down, as I had trouble getting password and trading PIN resets to hit my email as well.

Took me three tries to get my password and PIN resolved, and I'm now in this for 10TH, with Auto Buy set.

Good luck everyone !

I am going for some more.

[philipma1957]

Added 2 more th now have 4th.

I think I will do 2 more th and end with 6th


 this is about 4 btc cost  for a total of 6th of hash


as 4 x .666 = 3.996 btc

[judypug1956]

So phil did you buy 4th or 6th of hash?

[philipma1957]

So phil did you buy 4th or 6th of hash?

I now have 4 contracts.

1th
1th
2th
2th

6th total.

I am on the fence as to if I want more.

Maybe I buy  a 5th tomorrow.

I would have 11th not sure if I should.

[philipma1957]

Seems the email or backend systems may be a bit bogged down, as I had trouble getting password and trading PIN resets to hit my email as well.

Took me three tries to get my password and PIN resolved, and I'm now in this for 10TH 20TH, with Auto Buy set.

Good luck everyone !

EDIT: So far...



EDIT2: Ah, fuck it...

20th nice.

I am up to 9th.

I need to wait on more coin but I am thinking I go strong on this.  20-30th comes to mind.

[judypug1956]

So philipma did you get more th.

[philipma1957]

So philipma did you get more th.

Yes I now have 10 th


I also think the interest rate is not 25 percent or 12.7 %  

It could max at  over 12.7% percent  since the contract is .00000008 per second per 1btc but the .000000008 slowly declines to .000000001 as you get paid off.  

 the average  payment is   0.000000045  even this could vary if you had tremendous  Bad luck early then really good luck in making blocks late. then your contract  pays off better then 12.7%  but I think the floor % could be said to be 14%

the max could get near 15-18%  but not 25%

floor number  is

0.00000000045 * 60 * 60 * 24 * 365 = .141912     this is most likely the best guess.

but it assumes a lot 

1) the contract pays off in 120 days with very stable luck.
2) this means the avg pay off  per each second of the contract is .0000000045  not .000000008
3) Some would use .000000004  not .0000000045 as the average then you get   12.6%

So the minimum could be said to be 12.6% to 14.1%

max is harder to estimate, but will never be 25%  since magical impossible luck is needed for that to happen.

basically make almost no blocks for 100 days then make tons of blocks the last 20 days…  this would get you closer to that

25%  but the math would be near impossible and antpool would go broke due to the 100 day streak of terrible luck.

[DebitMe]

So philipma did you get more th.

Yes I now have 10 th


I also think the interest rate is not 25 percent or 12.7 %  

It could max at  over 12.7% percent  since the contract is .00000008 per second per 1btc but the .000000008 slowly declines to .000000001 as you get paid off.  

 the average  payment is   0.000000045  even this could vary if you had tremendous  Bad luck early then really good luck in making blocks late. then your contract  pays off better then 12.7%  but I think the floor % could be said to be 14%

the max could get near 15-18%  but not 25%

floor number  is

0.00000000045 * 60 * 60 * 24 * 365 = .141912     this is most likely the best guess.

but it assumes a lot 

1) the contract pays off in 120 days with very stable luck.
2) this means the avg pay off  per each second of the contract is .0000000045  not .000000008
3) Some would use .000000004  not .0000000045 as the average then you get   12.6%

So the minimum could be said to be 12.6% to 14.1%

max is harder to estimate, but will never be 25%  since magical impossible luck is needed for that to happen.

basically make almost no blocks for 100 days then make tons of blocks the last 20 days…  this would get you closer to that

25%  but the math would be near impossible and antpool would go broke due to the 100 day streak of terrible luck.



https://i.imgur.com/saKLXpZ.png

I am going to have to look at my google spreadsheet to see about the average payout which would make it closer to 14%, but I ran my estimate based off of average block times, so I want to believe it will be fairly close to actual.  How are you getting that this will take 120 days to pay off though?  I am getting about 71.5 days to pay back .666 btc or are you making it into 1 btc terms?

[philipma1957]

...

I am going to have to look at my google spreadsheet to see about the average payout which would make it closer to 14%, but I ran my estimate based off of average block times, so I want to believe it will be fairly close to actual.  How are you getting that this will take 120 days to pay off though?  I am getting about 71.5 days to pay back .666 btc or are you making it into 1 btc terms?

I used 120 because it is max time they allow for btc to be paid off.

for 120 days to happen we would need 13 or 14 % diff jumps.

but the days to pay off 70 to 120 still don't change the 0.000000008  bonus drops to 0.000000001 near the end of the contract   which is an average of  0.0000000045   not 0.000000008.

that is the deception they use to get the interest rate of 25%. 

The model is still good in terms of a money maker.  We should make a profit  just not make 25% yearly.

more like your 12% number or my 14% number. Certainly in between  12-14

 But for me that works which is why I gave them 6.66btc for 10 th

[wlefever]

Man, these really went quick!  I would have gotten more had I not gotten 4 v2 two days before this launched.

[philipma1957]

Man, these really went quick!  I would have gotten more had I not gotten 4 v2 two days before this launched.

yeah more then 12,000 th sold of 15,000 th

I have funds tied up so I think I will only get the 10th

[umair01]

Hello guys , im still relatively new to the mining world , just needed some breaking down to my question : does this mean if I but a contract of 1 TH , this will be my profit after is paid off?

0.00000000045 * 60 * 60 * 24 * 365 = .141912     this is most likely the best guess.

[DebitMe]

Hello guys , im still relatively new to the mining world , just needed some breaking down to my question : does this mean if I but a contract of 1 TH , this will be my profit after is paid off?

0.00000000045 * 60 * 60 * 24 * 365 = .141912     this is most likely the best guess.

No, that will not be your profit. Reread the last 2 pages or this thread.

[umair01]

Hello guys , im still relatively new to the mining world , just needed some breaking down to my question : does this mean if I but a contract of 1 TH , this will be my profit after is paid off?

0.00000000045 * 60 * 60 * 24 * 365 = .141912     this is most likely the best guess.

No, that will not be your profit. Reread the last 2 pages or this thread.

thanks , just checked the google document you made , it was well informative and straight to the point , just what I needed , IMO it's not worth it with the possible profit in a long run , but that's just me , i'm basing my conclusion on 1 TH purchase only

[marcotheminer]

Why would someone opt-in for the Auto-ReBuy feature? Is there any advantage, other than just accumulating more hashing power?