HASHNEST Discussion and Support Thread

[ajw7989]

what was the first pacmic  payout rate  ,   pacmic v2  is 0.45

first one was literally double it .7
They got greedy with version 2 and cut the interest in half essentially

[TracerX]

what was the first pacmic  payout rate  ,   pacmic v2  is 0.45

first one was literally double it .7
They got greedy with version 2 and cut the interest in half essentially

Half of .7 is .35, so they didn't slash it quite in half.  I'm also not sure if the change could be described as greed, they likely needed to fine tune what is a nascent offering.

That said, I'm not sure if I'm going to buy into this round.  I think I could do better in the slightly riskier Hashnet market.

[DebitMe]

what was the first pacmic  payout rate  ,   pacmic v2  is 0.45

first one was literally double it .7
They got greedy with version 2 and cut the interest in half essentially

Half of .7 is .35, so they didn't slash it quite in half.  I'm also not sure if the change could be described as greed, they likely needed to fine tune what is a nascent offering.

That said, I'm not sure if I'm going to buy into this round.  I think I could do better in the slightly riskier Hashnet market.

Yea, if the original PACMiC was 22% APR, this one will be roughly 14% or so, not sure its worth it unfortunately since it isn't risk free and depending on the difficulty over the next couple of months, could actually be more risky than buying other hash since you can't cut your losses and get out.

That being said, I will buy some because for now, I think they are a good stable return.

EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?

EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.

[BITMAIN_Rob]

[quote ]


EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?

EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.
[/quote]

no, if you open autobuy feature in PACMIC v1, it will just running in V1 not in V2
 

[cloh76]

Well my Pacmic is almost paid off now.  Was nice while it lasted... hoping we get a ants 6 PACMIC maybe one day.

How long did it take for you to get your investment back?  What was the overall earning/return? 1.7 BTC?

[BITMAIN_Rob]

Well my Pacmic is almost paid off now.  Was nice while it lasted... hoping we get a ants 6 PACMIC maybe one day.

How long did it take for you to get your investment back?  What was the overall earning/return? 1.7 BTC?

PACMIC may take about 100days. the overall earing about 1.03 for 1 contract without auto-rebuy

[DebitMe]

[quote ]


EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?

EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.

no, if you open autobuy feature in PACMIC v1, it will just running in V1 not in V2
 
[/quote]

Is there anyway that can be changed?  I would much rather have my bitcoin working for me and being put into V2 then being deposited into my account.  It should be the exact same thing for you guys but on a micro transaction scale(like it works anyway) from V1 to V2.

[ajw7989]

[quote ]


EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?

EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.

no, if you open autobuy feature in PACMIC v1, it will just running in V1 not in V2
 

Is there anyway that can be changed?  I would much rather have my bitcoin working for me and being put into V2 then being deposited into my account.  It should be the exact same thing for you guys but on a micro transaction scale(like it works anyway) from V1 to V2.
[/quote]

I think the reason they did not do it and its a good idea they didnt is the terms changed since the APY has decreased. A lot of users would have been mad if they autoswitched it to a new contract automatically.

[TracerX]

Not to steer the conversation away from v2 PACMiC, but has the market stopped matching trades?  There's a glitch in the matrix on the S5 market.  Just a heads up if you're reading, BM.

Edit:  It must have been a glitch in my matrix, it appears to be running fine.

[DebitMe]

[quote ]


EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?

EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.

no, if you open autobuy feature in PACMIC v1, it will just running in V1 not in V2
 

Is there anyway that can be changed?  I would much rather have my bitcoin working for me and being put into V2 then being deposited into my account.  It should be the exact same thing for you guys but on a micro transaction scale(like it works anyway) from V1 to V2.

I think the reason they did not do it and its a good idea they didnt is the terms changed since the APY has decreased. A lot of users would have been mad if they autoswitched it to a new contract automatically.
[/quote]

From what I can gather, the only difference is that the profit amount went down, if anyone sees any other please let me know.

So, Hashnest should turn everyone off rebuy in globally, then if you want to go to V2, simply turn it back on.

[BITMAIN_Rob]

[quote ]


EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?

EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.

no, if you open autobuy feature in PACMIC v1, it will just running in V1 not in V2
 

Is there anyway that can be changed?  I would much rather have my bitcoin working for me and being put into V2 then being deposited into my account.  It should be the exact same thing for you guys but on a micro transaction scale(like it works anyway) from V1 to V2.

I think the reason they did not do it and its a good idea they didnt is the terms changed since the APY has decreased. A lot of users would have been mad if they autoswitched it to a new contract automatically.

From what I can gather, the only difference is that the profit amount went down, if anyone sees any other please let me know.

So, Hashnest should turn everyone off rebuy in globally, then if you want to go to V2, simply turn it back on.
[/quote]

you are right

[DebitMe]

What does status, "Appending" mean?

[DebitMe]

What does status, "Appending" mean?

Why  hasn't my V2 been paying out all day?

EDIT:  Also, it is really hard to tell how much I have left to be paid back with the visual changes to the main page.  It shows how much has been paid back, but either a summary up top or showing the amount for each contract left to be paid would be really helpful.

[amelen]

With Bitmain's AntMiner S7 coming next month, does it make sense to invest into Hasnest now or do you guys think it's better to wait?

[DebitMe]

With Bitmain's AntMiner S7 coming next month, does it make sense to invest into Hasnest now or do you guys think it's better to wait?

Where was it announced the S7 is coming out next month? Link...

[amelen]

With Bitmain's AntMiner S7 coming next month, does it make sense to invest into Hasnest now or do you guys think it's better to wait?

Where was it announced the S7 is coming out next month? Link...

From: Bitmain Tech [mailto:info@bitmaintech.com]
Sent: Wednesday, May 27, 2015 10:38 PM
To: Alex
Subject: Re: BITMAIN AntMiner S5

Hi,
for 2 units, place order in our website directly, courier and payment option will be provided automatically.
S7 will be released in July, but we don't have the detailed info yet.
Please wait for our official announcement later.


Best Regards

BITMAIN

[amelen]

I wouldn't mind trying out hashnest, but just wondering how much the calculations would adjust based on the S7. I guess nobody knows until we know the specs & price on the new units.

[BitcoinNewsMagazine]

what was the first pacmic  payout rate  ,   pacmic v2  is 0.45

first one was literally double it .7
They got greedy with version 2 and cut the interest in half essentially

Half of .7 is .35, so they didn't slash it quite in half.  I'm also not sure if the change could be described as greed, they likely needed to fine tune what is a nascent offering.

That said, I'm not sure if I'm going to buy into this round.  I think I could do better in the slightly riskier Hashnet market.

Yea, if the original PACMiC was 22% APR, this one will be roughly 14% or so, not sure its worth it unfortunately since it isn't risk free and depending on the difficulty over the next couple of months, could actually be more risky than buying other hash since you can't cut your losses and get out.

That being said, I will buy some because for now, I think they are a good stable return.

EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?

EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.

If PACMiC v2 is only paying 14% APR you can do better with an interest bearing wallet at HaoBTC. If you deposit 10 bitcoin for twelve months you will receive 15.58% APR. For wallets holding under 10 bitcoin the APR is fixed 8%. Advantage over PACMiC is you can withdraw your funds at any time.

[DebitMe]

what was the first pacmic  payout rate  ,   pacmic v2  is 0.45

first one was literally double it .7
They got greedy with version 2 and cut the interest in half essentially

Half of .7 is .35, so they didn't slash it quite in half.  I'm also not sure if the change could be described as greed, they likely needed to fine tune what is a nascent offering.

That said, I'm not sure if I'm going to buy into this round.  I think I could do better in the slightly riskier Hashnet market.

Yea, if the original PACMiC was 22% APR, this one will be roughly 14% or so, not sure its worth it unfortunately since it isn't risk free and depending on the difficulty over the next couple of months, could actually be more risky than buying other hash since you can't cut your losses and get out.

That being said, I will buy some because for now, I think they are a good stable return.

EDIT: Also wondering if I auto buy from my version 1 PACMiC will it buy in to version 2?

EDIT 2: NVM you Tracer answered that elsewhere. It doesn't appear to.

If PACMiC v2 is only paying 14% APR you can do better with an interest bearing wallet at HaoBTC. If you deposit 10 bitcoin for twelve months you will receive 15.58% APR. For wallets holding under 10 bitcoin the APR is fixed 8%. Advantage over PACMiC is you can withdraw your funds at any time.

Weren't they having some kind of problems with paying out users or being insolvent?  I thought I heard something recently where they were looking more and more like a scam daily.  Could be wrong.

[chunkyjunkie]

Not many bitcoin services stick around and not end up being scams..  Bitmain has been around and we know they make hardware unlike other places handing out money for no reason.. until the money runs out and the last ones lose everything.