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byt411
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August 17, 2015, 07:37:55 PM |
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Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct? With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115 BTC, or something similar? http://puu.sh/jEQSx/047c6fe155.pngNo, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is. Hmmm, but doesn't the .42ths come from "reinvesting", thus adding to the principal? If not, then what is the purpose of autorebuy? To hope thT difficulty drops and you have ahigher hashpower and break even quicker? |
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DebitMe
Legendary
 Offline
Activity: 2786
Merit: 1011
Get Paid Crypto To Walk or Drive
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August 17, 2015, 08:00:17 PM |
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Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct? With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115 BTC, or something similar? http://puu.sh/jEQSx/047c6fe155.pngNo, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is. Hmmm, but doesn't the .42ths come from "reinvesting", thus adding to the principal? If not, then what is the purpose of autorebuy? To hope thT difficulty drops and you have ahigher hashpower and break even quicker? 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. |
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byt411
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August 18, 2015, 04:30:29 PM |
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Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct? With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115 BTC, or something similar? http://puu.sh/jEQSx/047c6fe155.pngNo, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is. Hmmm, but doesn't the .42ths come from "reinvesting", thus adding to the principal? If not, then what is the purpose of autorebuy? To hope thT difficulty drops and you have ahigher hashpower and break even quicker? 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. Alright, Thanks. I have no idea why I have autorebuy turned on then. |
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DebitMe
Legendary
Offline
Activity: 2786
Merit: 1011
Get Paid Crypto To Walk or Drive
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August 18, 2015, 04:34:00 PM |
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Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct? With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115 BTC, or something similar? http://puu.sh/jEQSx/047c6fe155.pngNo, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is. Hmmm, but doesn't the .42ths come from "reinvesting", thus adding to the principal? If not, then what is the purpose of autorebuy? To hope thT difficulty drops and you have ahigher hashpower and break even quicker? 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. Alright, Thanks. I have no idea why I have autorebuy turned on then. Because you earn more over the life of the contract. Your interest will also be compounding. |
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byt411
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August 19, 2015, 05:28:50 PM |
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Question on PACMiC v2: If I have turned on autobuy at some point, is my "Principal" here correct? With this contract, I currently am supposed to have 1.42428115TH/s. Should my "Principal" also be 1.42428115 BTC, or something similar? http://puu.sh/jEQSx/047c6fe155.pngNo, your principal will not grow at the same rate as your mining speed. That seems to be correct the way that it is. Hmmm, but doesn't the .42ths come from "reinvesting", thus adding to the principal? If not, then what is the purpose of autorebuy? To hope thT difficulty drops and you have ahigher hashpower and break even quicker? 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. Alright, Thanks. I have no idea why I have autorebuy turned on then. Because you earn more over the life of the contract. Your interest will also be compounding. "Earning more" as in delaying the end of the contract to get more satoshis per second, I assume? |
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Tigggger
Legendary
Offline
Activity: 1098
Merit: 1000
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August 21, 2015, 04:42:19 PM |
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Are s4s really the most profitable right now? And by that much over s5? Anyone know the calc in these sheets? Thanks.
Not at the moment the S5's are  Interesting values that the S2 & Usimoo still have even though they are losing money and in imminent danger of being shut off. |
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scryptongoloidhuhuhu
Newbie
Offline
Activity: 28
Merit: 0
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August 21, 2015, 05:53:12 PM
Last edit: August 21, 2015, 06:04:43 PM by scryptongoloidhuhuhu |
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I hope to have a nice income soon from S5s.
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pumawolf
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August 21, 2015, 09:08:35 PM |
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all this hype about the pacmic , everyone forgot about the cheap s5's. also it looks like umisoo will die this time. dont no why they are still buying this high.
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Wings1987
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August 21, 2015, 10:42:40 PM |
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Umisoo could be a good buy if you are a gambling man.
Won't take much of a price increase to get under 100%
They are going to have a lot of upset customers. No notification of the countdown here or on their site.
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pumawolf
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August 21, 2015, 11:41:17 PM |
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i dont no why they didnt send a message for umisoo either. its been a couple days in already. guess they want to watch some novices freak out. their starting to figure it out tho , price is declining daily.
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Bitkrieg
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August 21, 2015, 11:48:09 PM |
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Anyone know how to change your email address? I Signed up with an email I have since closed. I don't see an option to do so in settings.
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BLuE_COiN
Newbie
Offline
Activity: 19
Merit: 0
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August 22, 2015, 12:34:24 PM
Last edit: August 22, 2015, 01:42:39 PM by BLuE_COiN |
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I want to sign up for first time at https://www.bitmaintech.com/product.htm and I can not .It give me this message: "We're sorry, but something went wrong. If you are the application owner check the logs for more information." I tried at all relative sites of bitmain and i 'v got the same message. I deleted all cookies/cache the problem remain. Please help me |
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BLuE_COiN
Newbie
Offline
Activity: 19
Merit: 0
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August 22, 2015, 02:43:39 PM |
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Can somebody trying the register (without register ofcourse)to tell me if happens the same to him?
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syndria
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August 22, 2015, 09:31:26 PM |
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The android version was working fine before but now its not showing a display, even when i have a strength internet connection,.
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pumawolf
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August 22, 2015, 09:55:13 PM |
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I want to sign up for first time at https://www.bitmaintech.com/product.htm and I can not .It give me this message: "We're sorry, but something went wrong. If you are the application owner check the logs for more information." I tried at all relative sites of bitmain and i 'v got the same message. I deleted all cookies/cache the problem remain. Please help me make an act thr hashnest site, and on the bottom page under products click antminer, if ur log in to hashnest when u click on login it auto logs in to bitmain tech, the sites are interlinked. if ur buying hash for cloud mining u would buy it on the market/shop at hash nest.(do the math to figure out which is cheaper, i see people still buying shop when market is way cheaper). i dont do home miner anymore so i cant help u with that. thats all i got for ya, hope that helps. |
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galdur
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August 22, 2015, 10:09:59 PM |
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I want to sign up for first time at https://www.bitmaintech.com/product.htm and I can not .It give me this message: "We're sorry, but something went wrong. If you are the application owner check the logs for more information." I tried at all relative sites of bitmain and i 'v got the same message. I deleted all cookies/cache the problem remain. Please help me make an act thr hashnest site, and on the bottom page under products click antminer, if ur log in to hashnest when u click on login it auto logs in to bitmain tech, the sites are interlinked. if ur buying hash for cloud mining u would buy it on the market/shop at hash nest.(do the math to figure out which is cheaper, i see people still buying shop when market is way cheaper). i dont do home miner anymore so i cant help u with that. thats all i got for ya, hope that helps. Yup, price in the shop currently 142468, market 132800 per ghs. Quite the disparity. Guess it will converge eventually somehow. |
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tmltd
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August 23, 2015, 09:44:18 PM |
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I really like the hashnest iOS app. It rocks. You can do all the thinks you do in the web site but more quickly and on the go.
A nice addition it will be to show the total earnings (payout - maintenance fee) in the miner status screen and in the blocks screen.
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wakasaki808
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August 23, 2015, 10:17:28 PM |
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I'm testing the waters with 100ghs s5
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syndria
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August 24, 2015, 02:23:49 AM |
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I really like the hashnest iOS app. It rocks. You can do all the thinks you do in the web site but more quickly and on the go.
A nice addition it will be to show the total earnings (payout - maintenance fee) in the miner status screen and in the blocks screen.
I also like the android app but it seems to be not working to me anymore. How sad  |
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