unitedminers
|
|
July 31, 2015, 08:55:58 PM |
|
Sfards is out of stock with its hybrid miner (SHA256+Scrypt). Which company produces the A2, A3, A4?
|
|
|
|
DebitMe
Legendary
Offline
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
|
|
July 31, 2015, 08:57:07 PM |
|
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
|
|
July 31, 2015, 09:06:39 PM |
|
Because I really don't understand PACMiC ... they pay for 120 days how much (currently)?
|
|
|
|
DebitMe
Legendary
Offline
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
|
|
July 31, 2015, 09:34:36 PM |
|
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
Legendary
Offline
Activity: 1806
Merit: 1164
|
|
August 01, 2015, 12:14:19 AM |
|
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
|
|
August 01, 2015, 09:00:54 AM |
|
@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
|
|
August 03, 2015, 11:19:50 AM |
|
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/1942I created a ticket 3 days ago, but they just don't care about us traders! no reply so far..
|
|
|
|
ingiltere
Legendary
Offline
Activity: 3136
Merit: 1537
BITCOIN
|
|
August 03, 2015, 03:15:52 PM |
|
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?
|
Professional gambling analyzer / Signature space for rent
|
|
|
DebitMe
Legendary
Offline
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
|
|
August 03, 2015, 03:24:55 PM |
|
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
Legendary
Offline
Activity: 3136
Merit: 1537
BITCOIN
|
|
August 03, 2015, 09:54:14 PM |
|
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.
|
Professional gambling analyzer / Signature space for rent
|
|
|
M8BWNNRFMNdak68c
|
|
August 04, 2015, 07:48:45 PM |
|
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/1942I created a ticket 3 days ago, but they just don't care about us traders! no reply so far.. API works again.. had to change the calculation of nonce.. nonce = unixtime*1000 is mow neccessary! ( plus minus 30 seconds, check your local time! )
|
|
|
|
Nioctib77
Newbie
Offline
Activity: 49
Merit: 0
|
|
August 05, 2015, 03:19:22 PM |
|
Hashnest down ? Is it only me?
|
|
|
|
Coinbanker
Full Member
Offline
Activity: 154
Merit: 100
bitcoin supporter
|
|
August 05, 2015, 03:28:18 PM Last edit: August 05, 2015, 05:13:59 PM by Coinbanker |
|
down for me... they stopped mining for 5 hours, but took maintainence fee for it. lol
|
Donate: 167TvxJb6zSeyd5C921r5CR9Ht91ioZdQM
|
|
|
Nioctib77
Newbie
Offline
Activity: 49
Merit: 0
|
|
August 05, 2015, 03:33:32 PM |
|
down for me... they stopped mining for 5 hours, but took maintainence fee for it. lol
Seems to be ok again !
|
|
|
|
crazyivan
Legendary
Offline
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
|
|
August 08, 2015, 07:00:02 AM |
|
Does anyone have any info about the next gen miners. This last batch of S5 s almost depleted, only 90 left for sale. Will we have new generation available soon or S5 will be replenished again?
|
|
|
|
ingiltere
Legendary
Offline
Activity: 3136
Merit: 1537
BITCOIN
|
|
August 08, 2015, 12:45:56 PM |
|
Does anyone have any info about the next gen miners. This last batch of S5 s almost depleted, only 90 left for sale. Will we have new generation available soon or S5 will be replenished again?
They won't sell S7's until new year, so we could expect new S5's or no new sales until new devices come up.
|
Professional gambling analyzer / Signature space for rent
|
|
|
fullzero
Legendary
Offline
Activity: 1260
Merit: 1009
|
|
August 08, 2015, 01:20:54 PM |
|
|
|
|
|
crazyivan
Legendary
Offline
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
|
|
August 08, 2015, 03:35:54 PM |
|
Thx, guess no info about S7 yet. This S5+ is not really an upgrade, even if it exists.
|
|
|
|
DebitMe
Legendary
Offline
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
|
|
August 08, 2015, 03:48:00 PM |
|
Wow, it looks like the same thing as the S4+, they are excluding 99% of America by making it so high wattage. Probably loud as heck as well. Also, quite possibly a scam, so we will see what comes of it.
|
|
|
|
ajw7989
Legendary
Offline
Activity: 924
Merit: 1000
|
|
August 08, 2015, 04:05:31 PM |
|
Wow, it looks like the same thing as the S4+, they are excluding 99% of America by making it so high wattage. Probably loud as heck as well. Also, quite possibly a scam, so we will see what comes of it. Yea the good thing about the S5 was the low wattage. Making these beast mining machines that can't run in the average persons home sucks :/
|
|
|
|
|