HASHNEST Discussion and Support Thread

[DebitMe]

Ty for fast answer, another question at the graph i see PPLNS TH/earning:0.01 for example. This mean that i get 0.01 with or w/o maintance cost?

Another question, how can i change between pplns-pps?

the .01 is before maintenance fees. You cannot change between PPLNS and PPS.  UMISOO is currently paid PPS, everything else is PPLNS

where can i see if its pps or pplns? annd help me im counting:
UMISOO-> if pps income 0.01/th than 3TH->0.03 and maintance payout 82% than 0.03*0.18*30=0.162=my monthy income?

something else: i schecked alloscomp calc:
this diff:per Day   0.02885938 BTC   $8.46
next diff:per Day   0.03124625 BTC   $9.16

diff not always going up and up and mining become harder and get less income?

It really doesn't say if it is PPS or PPLNS on their website, but I answered this question in my last post.  UMISOO pays PPS, everything else is PPLNS.

your UMISOO calc is right, but remember that it goes away if it becomes unprofitable and you don't get anything sent to you.

your calc seems about right, you have to take out maintenance from those numbers though.

I have no idea what the difficulty will do, could go up or down, no one knows what it will do.  Its sort of like gambling and betting on difficulty going up or down, or getting paid back before difficulty gets too high.  It can go up or down though, depends on how many people are mining on the network.

[PesiHUN]

Ty for fast answer, another question at the graph i see PPLNS TH/earning:0.01 for example. This mean that i get 0.01 with or w/o maintance cost?

Another question, how can i change between pplns-pps?

the .01 is before maintenance fees. You cannot change between PPLNS and PPS.  UMISOO is currently paid PPS, everything else is PPLNS

where can i see if its pps or pplns? annd help me im counting:
UMISOO-> if pps income 0.01/th than 3TH->0.03 and maintance payout 82% than 0.03*0.18*30=0.162=my monthy income?

something else: i schecked alloscomp calc:
this diff:per Day   0.02885938 BTC   $8.46
next diff:per Day   0.03124625 BTC   $9.16

diff not always going up and up and mining become harder and get less income?

It really doesn't say if it is PPS or PPLNS on their website, but I answered this question in my last post.  UMISOO pays PPS, everything else is PPLNS.

your UMISOO calc is right, but remember that it goes away if it becomes unprofitable and you don't get anything sent to you.

your calc seems about right, you have to take out maintenance from those numbers though.

I have no idea what the difficulty will do, could go up or down, no one knows what it will do.  Its sort of like gambling and betting on difficulty going up or down, or getting paid back before difficulty gets too high.  It can go up or down though, depends on how many people are mining on the network.

ah okey ty u are my man now everything is clear, just i tought diff only go up and become harder

[DebitMe]

Have we received any word on why UMISOO is still running under PPS and not PPLNS?  The maintenance fee percent is under the threshold and should have been converted back to PPLNS.

[TracerX]

Is the API acting up for anyone else, or am I the target of a government conspiracy?
<_<
>_>

[unitedminers]

Does anybody know the current ROI for the S5 at Hashnest?

[DebitMe]

Does anybody know the current ROI for the S5 at Hashnest?

Here you go...
https://bitcoinwisdom.com/bitcoin/calculator

[unitedminers]

Which difficulty increase / month would you suggest?

[DebitMe]

Which difficulty increase / month would you suggest?

Thats the thing and why I linked you a blank form.  No one knows and anything anyone tells you is an opinion and a complete guess.  I have seen many people lose tens of thousands of dollars by under/over guessing.

So, you need to take a look at the historical rises and then look at new hardware set to come out in the future and extrapolate what you think it is.  Like I said, its always a guess, but you'll feel much better about your numbers when you do the research.

For information purposes, I like to be on the safe side and estimate a little high.  Been using 5% difficulty estimated jumps lately, but that way I feel safe, and better about my decision when it is less.

[unitedminers]

I did some calculations with 5% and 7% difficulty increase / month and got no ROI within 1 year

So is there no real chance to earn some Bitcoins with mining? Are there any plans for new Scrypt miners?

[DebitMe]

I did some calculations with 5% and 7% difficulty increase / month and got no ROI within 1 year

So is there no real chance to earn some Bitcoins with mining? Are there any plans for new Scrypt miners?

Well you did get an ROI, unfortunately it was a negative one.  From the looks of things, at the current difficulty, price per bitcoin, and price per hash on Hashnest, it doesn't look like you can buy any hash, hold it, and achieve a positive ROI before they become unprofitable to run.

Remember that Hashnest will ship you the miner for a fee once it becomes unprofitable, maybe that will help your calc?  Or try day trading the hash?

As for scrypt, the only companies that look to be about ready to ship scrypt miners are whoever makes the A2, with their A3 & A4, and Sfards, that i have heard about.  Neither are shipping, so it does no good to do any calcs because we don't know the price or what the current state of the game will be like when they are ready to go.

[unitedminers]

Sfards is out of stock with its hybrid miner (SHA256+Scrypt). Which company produces the A2, A3, A4?

[DebitMe]

Sfards is out of stock with its hybrid miner (SHA256+Scrypt). Which company produces the A2, A3, A4?

IDK, haven't really cared about scrypt that much.  They aren't shipping yet though.

EDIT: Why not look into the PACMiC if your trying to earn some returns on your coins?

[unitedminers]

Because I really don't understand PACMiC ...  they pay for 120 days how much (currently)?

[DebitMe]

Because I really don't understand PACMiC ...  they pay for 120 days how much (currently)?

Did you read the ToS?  That is not what it is.

[BitcoinNewsMagazine]

Because I really don't understand PACMiC ...  they pay for 120 days how much (currently)?

Best explanation of PACMiC v2 I have come across is at this Bitmain Talk thread. Expect to earn about $11 on a $290 investment:

Ok we've had this discussion before.  I know because I'm the one who raised hell until I got the correct answer and here it is.

1 PACMICs is 1 THS of an S5.  You own this 1 THS for as long as it takes to earn back the 1 BTC you invested and absolutely no longer.
There is no maintenance, so you earn the full 0.00961979 BTC for each day you have it.
This works out to about 103 days that you get to keep it.
After that 1 BTC is returned you are done, you get no more from the contract and it shuts off.

Now of course there are difficulty changes that will change your payout, when I bought mine it was 0.01 BTC daily.

Since no one would loan anyone 1 BTC only to be paid back 1 BTC over 100 days later, they give you an "interest" payment that they call a "profit".
   
You are paid a PROFIT of 0.45 satoshis per second for the entire duration of your contract.
This is interest and it works out to 0.0003888 BTC daily.
This amount is fixed, it is not tied to pool luck and it is not tied to difficulty level increases, although if the difficulty level does increase or the pool luck takes a crap, the number of days your contract would run increases,
so you get the same daily interest payment, but you get more days.

If the difficulty level stays the same and 103 days is the total run of the contract, then you are looking at a total PROFIT of 0.04 BTC.
If you assume that the $290 level holds, difficulty stays flat and pool luck is average,
that means an investment of $290 today becomes $301.61 at the end.

A PACMICs is a bet that
the pool rate will have bad luck and/or
that the difficulty level will continue to increase
or that bitcoins of the future will be worth substantially more than they are now
All of these events make your PACMICs position much more attractive.

Now here is where it can get confusing and this is where I ended up raising hell since I sold it to my business partners based on what they were saying at the time which was different than how it actually works...

Autorebuy!

You would think that with auto-rebuy turned on, that your principal would increase by 0.00961979 BTC  daily. 
This causes some awesome compounding effects and makes the math so very much more attractive.
In fact if this were the case you could easily turn 1 BTC into 3 BTC over a period of 180 days (assuming 80 days of availability for compounding).

Sorry, that's just not how this little system works.

Instead the 0.00961979 BTC is used to buy more hashing power.  As soon as you turn auto-rebuy back off or it turns off automatically, then all of that hashing power is used to speed up the payback period. 
Since your profit here is based on number of days that the contract runs, increasing the hashpower reduces the number of days until you get your coin back.  This KILLS your profits, you have less days to collect your profits, i.e. less days of interest to collect.

To offset that a little, they do add the "interest" or "profit" directly to the principle so your principle increases at a rate of 0.0003888 BTC daily for each BTC invested for each day you have auto-rebuy on.

Let's do the same 180 days calc.  80 days of compounding and up to 100 days beyond that to payoff.  At the end of 80 days you have ~3 THS of capacity that only needs to earn back 1.0311 BTC in principal. 

You will have 1.05 BTC at the end of 6 months for each BTC invested, but the contract actually completed in about 120 days.

So the best way and only reason to consider buying a PACMICs is if you don't mind giving Bitmain a low interest loan for about 100 days.  In exchange you have a little bit of a hedge against difficulty increases and bad pool luck.

Don't put substantial amounts into it, it's a bad deal all around.

[unitedminers]

@DebitMe and @BitcoinNewsMagazine Thank you for all the informantion and for explaining the PACMiC.

So it looks like the only way to earn some Bitcoins is to build your own server farm?

[M8BWNNRFMNdak68c]

Is the API acting up for anyone else, or am I the target of a government conspiracy?
<_<
>_>

No, API still down for me..
 {"error":{"code":2001,"message":"Authorization failed"}}
https://forum.bitmain.com/bbs/topics/1942

I created a ticket 3 days ago, but they just don't care about us traders! no reply so far..

[ingiltere]

I sold all my S5 ghashes. I wonder how you handle unconfirmed blocks?
When I sold my hashes there were 3 blocks found in Antpool which is uncofirmed at that time. Will I get paid for them too?

[DebitMe]

I sold all my S5 ghashes. I wonder how you handle unconfirmed blocks?
When I sold my hashes there were 3 blocks found in Antpool which is uncofirmed at that time. Will I get paid for them too?

You get paid for blocks that reach 6 confirmations if you own mining shares.  If you do not own any shares at the time the block gets counted on Hashnest, then you get no payout.

[ingiltere]

I sold all my S5 ghashes. I wonder how you handle unconfirmed blocks?
When I sold my hashes there were 3 blocks found in Antpool which is uncofirmed at that time. Will I get paid for them too?

You get paid for blocks that reach 6 confirmations if you own mining shares.  If you do not own any shares at the time the block gets counted on Hashnest, then you get no payout.

I think this is wrong. After I sold all my hashes I saw I got paid 0.02 BTC more from mining. At that time I haven't had any hashes but unconfirmed blocks confirmed.