NEW: Hashnest PACMiC V3 - 0.666 BTC/THS

[fbarcelo]

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?

[Propagandalf]

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?

I have no idea, but my best guess is that they are making money simply by trading them in the market.

[Propagandalf]

I have 7% more hash power now since I started with 1 TH and auto-rebuy, slowly increasing

[QuintLeo]

 
    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.

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*).

[Propagandalf]

 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...

[philipma1957]

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.

[Xian01]

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.

While we're at it...



Turned 20TH into ~22TH through autobuy and decided to start paying off the contracts now.

In the wallet...

[JohnPap204]

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

[Xian01]

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 ?

[JohnPap204]

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

[wlefever]

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

The true ROI does seem to come out under their optimistic number of 25%, but somewhere around the 12-14% range.  The payment problem didn't last very long (some 6 blocks or so), and was corrected within 24 hrs so that was a positive sign.  And, another positive is it is not directly tied to the pool luck as far as maintenance fees go. Where if you own an S5 in Hashnest you may have some negative earning days because of PPLNS payment system, and bad luck.

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.

[eadwired]

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.

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.

[marcotheminer]

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?

[DebitMe]

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?

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.

Here is a good example of how it works I posted on another thread.  Let me know if you still have questions.

[Propagandalf]

I decided to turn my auto-invest off, not going to take the risk.

[wlefever]

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

[ajw7989]

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

It all comes down to how long you plan to stay in bitcoin and not cash out and if you need to use the bitcoin. IF you dont need it always invest it. The PACMIC contracts are pretty safe contracts. There are better ways to make more bitcoin but they are of course a lot riskier.

[Propagandalf]

I'm also reconsidering since the value of btc increased a bit, hehe.

[QuintLeo]

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....

[yeponlyone]

Does anyone have an idea why the S5 market price is dropping as hell..? Two days ago it was 0.0013xx and now it's down to 0.0011xx.