PACMiC V4 "auto buy" option.

[ZenFr]

In the "PACMIC V4 Terms of Service", paragraph "Contract Suspension" it is written : "If after 120 days, a PACMiC has still not recovered the initial capital for its user, and is not mining enough revenue to pay for its own electricity cost (fixed at 0.098 USD per kWh, calculated using an ideal AntMiner S7 hashing at 100% uptime per PPS payout), whether because of difficulty increase or BTC price decrease, the PACMiC will continue paying out for ten days as though it were running, even if the machine is turned off. If these conditions persist for ten continuous days, the contract will be considered temporarily suspended. During the suspension period, mining revenues and profit payments will also be temporarily stopped. If after the suspension period, difficulty has dropped or bitcoin price has risen, making mining possible again, the contract will be reinstated and pick up where it left off."

Ok, but, if the auto-rebuy is enabled, after 120 days, the initial capital will not even begun to be repaid.
So when in the contract it is written "If after 120 days", should I read "If after 120 days without auto-rebuy" ?
Otherwise, the auto-rebuy is a trap (and I will remove the auto-rebuy in all my contracts) ?

Anybody can clarify me this point about the "120 days"  and the "auto buy" option ?

Thank you.

(no answer from Bitmain support at my ticket :-()

[Amph]

by the look of it, it simply tell you that if you don't have any profit the contract will stop after 10 days, and auto rebuy will not work because you have not funds

autorebuy can enter in play only if you have profit, after some time, profit is earning - fee, but if fee is above the earning, there is no profit, so no autorebuy

[ZenFr]

by the look of it, it simply tell you that if you don't have any profit the contract will stop after 10 days, and auto rebuy will not work because you have not funds

autorebuy can enter in play only if you have profit, after some time, profit is earning - fee, but if fee is above the earning, there is no profit, so no autorebuy

No, if "auto buy" is activated, all the profit is re-invested in the principal (capital) and after 120 days, the "paid-back" is still at 0.0.
If the paid-back is still 0, the PACMiC contract "has still not recovered the initial capital for its user" and the contract suspension could be applied... ?

[klintay]

I bought one of those contracts once...made about 3-4% in 3 months

[ZenFr]

I bought one of those contracts once...made about 3-4% in 3 months

Since october 10, 2015, first day of sales (89 days), exactly :
 2,29 % without auto-buy
 3,43 % with auto-buy.
 

[crazyivan]

I bought one of those contracts once...made about 3-4% in 3 months

Since october 10, 2015, first day of sales (89 days), exactly :
 2,29 % without auto-buy
 3,43 % with auto-buy.
 

Well, thats about 15% a year, not bad in my book. The problem with crypto s cause people expect 100% per year or nothing.

[ZenFr]

Yes, beetween 14 and 15% a year.
And the ROI (the full re-funded) is beetween 120 and 140 days : this is much better than cloud mining.

[crazyivan]

Yes, beetween 14 and 15% a year.
And the ROI (the full re-funded) is beetween 120 and 140 days : this is much better than cloud mining.

Also much safer option.