NEW: Hashnest PACMiC V3 - 0.666 BTC/THS

[QuintLeo]

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.

 No clue what "market price" you're talking about offhand, but I suspect it would relate to S7 announcement + bitcoin price drop earlier this month + difficulty increase?

[yeponlyone]

Yeah, obviously people consider that, but the S7 was in the news more than two days ago - and of course BITMAIN going to take their share of the profit from the S7s. S5 will be profitable for quite some time if nothing extraordinary happens, hell they even use them in PICMACv3, and still guys put out order for 40BTC, like they just want out.

I doesn't make sense to me.

[QuintLeo]

S5

hell they even use them in PICMACv3

 They don't state that PICMAC v3 uses S5s. they talk about an "ideal S5" as the basis for the electric price thing.

 I would BET they have replaced all of their own S5s, or virtually all of them, with S7 or "S7+ type" units.


 S5's should still be profitable up to the halfing, at common electric rates.
 They might be profitable for a short while after the halfing, if you have CHEAP electric and the diff don't rise a lot more than 3% or so on average 'till then.
 They might be profitable for a LONG while past that if you have one that can be undervolted successfully and invest in the lower-voltage power supplies needed.

[Min€r]

Bitmain & some people (in China, Nordic, Island & USA) can let them run profitable still after half reward as they pay less than 0,02 USD / KW for electricity. All huge mining farms are next to big power plants, so they get nearly free energy when taking permanent amounts in MW.

[Min€r]

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.

I think it is about their statement about handling & shipping costs of antS2 UMISOO what sounds like a rip-off:

http://forum.bitmain.com/bbs/topics/2051

The handling and packaging fee for each unit is set at USD $50 per machine, and the cost to ship each machine to Shenzhen is USD $65. Shipping costs from Shenzhen to final destination will be calculated by shipping company rates.

So you should pay exclusive shipping costs 105USD for a useless miner. 

[yeponlyone]

S5

hell they even use them in PICMACv3

 They don't state that PICMAC v3 uses S5s. they talk about an "ideal S5" as the basis for the electric price thing.

 I would BET they have replaced all of their own S5s, or virtually all of them, with S7 or "S7+ type" units.

....

If they already replaced their S5s with new S7, for PICMACv3 for example, I am not that impressed by the S7, I would expect more. I simply understand an "ideal S5" as one that doesn't pull any power nor need maintenance.

[philipma1957]

S5

hell they even use them in PICMACv3

 They don't state that PICMAC v3 uses S5s. they talk about an "ideal S5" as the basis for the electric price thing.

 I would BET they have replaced all of their own S5s, or virtually all of them, with S7 or "S7+ type" units.

....

If they already replaced their S5s with new S7, for PICMACv3 for example, I am not that impressed by the S7, I would expect more. I simply understand an "ideal S5" as one that doesn't pull any power nor need maintenance.

people have clocked s-5's to use 0.3 watts vs 0.51 watts  see below   



https://bitcointalk.org/index.php?topic=1151460.0

[QuintLeo]

S5

hell they even use them in PICMACv3

 They don't state that PICMAC v3 uses S5s. they talk about an "ideal S5" as the basis for the electric price thing.

 I would BET they have replaced all of their own S5s, or virtually all of them, with S7 or "S7+ type" units.

If they already replaced their S5s with new S7, for PICMACv3 for example, I am not that impressed by the S7, I would expect more. I simply understand an "ideal S5" as one that doesn't pull any power nor need maintenance.

 You are assuming they have the contract priced for a miner that probably didn't EXIST yet when they came out with the v3 contract.
 I suspect in a few months they'll come out with a "V4" contract that references an "ideal S7" for it's stated cost of mining limit.

 1 TH is 1 TH - and if the S7 is making it so BitMain pays less electric for that 1TH, it's a GOOD thing from our standpoint as it makes it more likely the contract will remain viable long enough to pay off.

[Borntostun]

So ROI on v3 is somewhere between 12% and 25% of your initial investment after two months? 

[yeponlyone]

S5

hell they even use them in PICMACv3

 They don't state that PICMAC v3 uses S5s. they talk about an "ideal S5" as the basis for the electric price thing.

 I would BET they have replaced all of their own S5s, or virtually all of them, with S7 or "S7+ type" units.

If they already replaced their S5s with new S7, for PICMACv3 for example, I am not that impressed by the S7, I would expect more. I simply understand an "ideal S5" as one that doesn't pull any power nor need maintenance.

 You are assuming they have the contract priced for a miner that probably didn't EXIST yet when they came out with the v3 contract.
 I suspect in a few months they'll come out with a "V4" contract that references an "ideal S7" for it's stated cost of mining limit.

 1 TH is 1 TH - and if the S7 is making it so BitMain pays less electric for that 1TH, it's a GOOD thing from our standpoint as it makes it more likely the contract will remain viable long enough to pay off.

Exactly. Now you can buy them for shipping but it will take a few month to get them into their cloud system.

[QuintLeo]

Bitmain & some people (in China, Nordic, Island & USA) can let them run profitable still after half reward as they pay less than 0,02 USD / KW for electricity. All huge mining farms are next to big power plants, so they get nearly free energy when taking permanent amounts in MW.

 NOBODY in the USA is paying less than 2 cents / KWH. Best rate in the USA is a little under 3.

 And no, there ARE big farms that are not "next to big power plants", though I suspect a majority are in areas served by major hydro projects.

 On the other hand, at 3 cents / KWH I am pretty sure the S5 even in stock form at stock voltage will still be profitable after halfing. Barely. For a few months.

So ROI on v3 is somewhere between 12% and 25% of your initial investment after two months?  

 More like you make appx. 5% of your investment as profit (edit - this seems to be slipping a bit, more like 4.5% right now) by the time the entire contract pays off after about 3-4 months, based on what I'm seeing out of my v3 contract.
 I suspect the "how long to complete" time will be going up as difficulty increases, how much is kinda up in the air right now.

[Erkallys]

I maybe plan to buy one PACMiC V3. Is it sure to be profitable ? How much will I earn, because on this point it seems your not all OK.

[philipma1957]

I maybe plan to buy one PACMiC V3. Is it sure to be profitable ? How much will I earn, because on this point it seems your not all OK.

Don't buy it now.  Wait and see if PACMiC V4 comes out and uses the s-7.

[DebitMe]

I maybe plan to buy one PACMiC V3. Is it sure to be profitable ? How much will I earn, because on this point it seems your not all OK.

Understand how it works by reading the ToS and this thread and their other thread, then do your own calculations on whether you think its profitable and how much you will earn.  There are many people who have chimed in on how much this will return, just look back a couple of pages and read.

[QuintLeo]

I maybe plan to buy one PACMiC V3. Is it sure to be profitable ? How much will I earn, because on this point it seems your not all OK.

 At this point, it appeast that a V3 contract should be profitable if bought in the next few months.
 It gets VERY iffy if you buy one appx 4 months or less before the halfing (exact timing depends on price of bitcoin between now and then, and difficulty increases).

 There is NO "absolute guarentee", which is true for pretty much any investment. On the other hand, a PACMIC v3 RIGHT NOW looks pretty solid.

[Propagandalf]

I'm satisfied with the piknik 3.0, but it's not the fastest ROI. At least the investment feels safe 

[BTCBinary]

comparing to genisis mining or Zeus mining which I consider to be trustable as well, Bitmain's hashnest contracts are far more profitable.

[GayEddie]

I just bought 2 of these today should I leave auto buy on or off?

many thanks for your replys

[btccashacc]

comparing to genisis mining or Zeus mining which I consider to be trustable as well, Bitmain's hashnest contracts are far more profitable.

yesss i know and im sure it, with hashnet you can earn profit ~0.02/1THS contract, with zeus i can't see ROI even less profit

[QuintLeo]

IMO leave auto buy off, it looked to be a bit borked and not adding as much hash rate as it should have been per my calculations over the few days I tried turning it on.

 Worst case, you have more flexability if you just retain the BTC and can add a new contract with that when it accumulates enough *IF* you don't have a better use for the BTC by then.