Hashnest 's newest PACMiC Cloud Mining Contract

[DebitMe]

You're missing the point.

 That 0.098 "electric/maintainance fee" appears to come right off the top of the "payback" part of the PACMIC contract, if I'm reading the bloody thing right. Therefore your estimate of 80 days for payback seems WILDLY optimistic, even at ZERO difficulty increase.

As pointed out, every block found on a PACMiC contract pays the full amount that 1 TH/s of hashing speed would have generated on Antpool.  There is no electricity or maintenance fees taken out which is why first you calculate how quickly .666 btc will be paid back with 1 TH/s of hash with no electricity fee.  Then compare that to how long the S5 will remain profitable.

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So got a question,  the .08 satoshis we are getting per second, is that getting counted toward our principal (.666 btc)? If so that's NOT profit, that's just getting our own btc back faster, IE no profit.

Also i already asked in chat, the iOS app is no longer working for me and a few others it seems...

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[QuintLeo]

the .8 (not .08) satoshi/sec seems to be skimmed "off the top" of the payout and becomes the "profit", THEN the balance of the payout is applied to "payback of the principal".

 Ignore the 0.098 electric cost thing for a couple months, that was a misreading of the contract terms and should have no effect for a while. My best estimate is that a S5 will be profitable at 0.098 electric right up to the halfing - they might still be profitable AFTER the halfing at my "non-summer" 0.067 incrimental electric rate, if the halfing wasn't due to happen soon after the time my rates kick up for the summer (though I hope to be ELSEWHERE with cheap electric by then).

 I figure the V3 contracts won't hit "no more payout" status as of the halfing, if not then VERY VERY shortly thereafter, unless bitcoin prices kick up quite a bit before that or difficulty flattens back out to well under 2%/round on average (yeah, SURE it will..... NOT!).


 Based on what I'm seeing out of my "trial" contract, looks like payback will be ballpark 100ish days, possibly as high as 120 with the RECENT difficulty rate of increase.

[PilotofBTC]

Basically, as long as you have auto-rebuy ON you will never get your principal back? You aren't buying new contracts you are just increasing the hashrate of the contract you have thus increasing your principle amount.

Is that correct?

[DebitMe]

Basically, as long as you have auto-rebuy ON you will never get your principal back? You aren't buying new contracts you are just increasing the hashrate of the contract you have thus increasing your principle amount.

Is that correct?

Yes, you are increasing your principal amount and your hashrate when you have auto rebuy turned on.

[gentacomp]

Anyone has Pacmic V2 and ROIed ?
I wish I can see real historical chart...

[Biodom]

Trying to log in into my hashnest/pacmic account and instead was greeted with some gibberish about enabling 2FA.
Is it mandatory-no, but not enabling it would render my account to be stolen-what if it was already stolen?
I wonder why this was not a requirement from the get-go
Well, I figured out how it works.

[IanFoxley]

Anyone has Pacmic V2 and ROIed ?
I wish I can see real historical chart...

I have a 1TH/s Pacmic V2 which I purchased on 26th June.

I set it to Autobuy until 12th August when autobuy was turned off and started getting payouts.
My total principal at this point was 1.02044364 BTC.

It is just over a month now since Autobuy was turned off and so far I have 49.21% back.
Total back so far is 0.50218312 BTC

Just thought I would post this incase you found it useful.

Cheers
Ian

[netplus]

i am a new user

after Sign up an account

what is the next step ?

[iambitcoin5]

What is the highest current roi at Hashnest?

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So let me get this straight, hashnest turn off my auto reinvest and now i cant turn it back on?

Well it has its on but status has running and with pay back info...


The hashrate hash stoped growing as well

Also how are we suppose to hit that magic 25% ROI if hashnest forces us off auto reinvest?




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[DebitMe]

So let me get this straight, hashnest turn off my auto reinvest and now i cant turn it back on?

Well it has its on but status has running and with pay back info...


The hashrate hash stoped growing as well

Also how are we suppose to hit that magic 25% ROI if hashnest forces us off auto reinvest?




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You can only continue to reinvest as long as there are contracts left to sell.  Once they run out, your auto reinvest is turned off and you start getting paid back.

Hashrate won't grow any further (unless new contracts are released which is unlikely for V3)

You cannot hit the 25% ROI, even with the auto reinvest, the contract would become unprofitable before being able to make that much.

[martin1024]

Hi guys,

I just want to share my experience with Hashnest here. At the moment it is the only bitcoin mining service I trust as the mining machines really exist

I participated in PACMIC1 and now in PACMIC3.

These are my figures:
PACMIC 1:
Total Principal: 1.0 BTC
Hashrate: 1 TH/s
Profit: 0.02946627 BTC
ROI: 2.95 %
it was something like 3 months or so...

PACMIC 3:
Total Principal: 1.36166421 BTC
Hashrate: 3.056 TH/s
Profit: 0.03534406 BTC
ROI: 2.57 %
(still running though)

Good offer for me...

[TracerX]

PACMiC v4 is now available at the cost of 1BTC per TH with a return of 0.45 satoshis per second and 20000 THS available.  I'm personally going to be passing in lieu of HAOBTC's longer term investing options.

Anyone plan on getting in on this action?  With 20 PHS available, early buyers can likely choose themselves when to turn off autobuy, so that may be something to consider as well.

[ZenFr]

Pacmic v4 is a shame.
The ROI is the same as the Pacmic v2 !
With the Antminer S7 (low electricity cost), it will be a lot better that Pacmic v3.

I am very disappointed !

In addition, with these unattractive conditions, the 20,000 contracts will take a very long time to sell (at least as long as Pacmic v2): no hope for Pacmic v5 before long time :-( !

Edit : at the curent rate, 80 daysminimum  to sell the 20,000 Pacmic v4 contracts (no Pacmic V5 before Noël).

[psy112]

Pacmic v4 is a shame.
The ROI is the same as the Pacmic v2 !
With the Antminer S7 (low electricity cost), it will be a lot better that Pacmic v3.

I am very disappointed !

In addition, with these unattractive conditions, the 20,000 contracts will take a very long time to sell (at least as long as Pacmic v2): no hope for Pacmic v5 before long time :-( !

Edit : at the curent rate, 80 daysminimum  to sell the 20,000 Pacmic v4 contracts (no Pacmic V5 before Noël).

I still don't believe my eyes when I see that people actually is buying the contracts. v4 is a joke!

[DebitMe]

Pacmic v4 is a shame.
The ROI is the same as the Pacmic v2 !
With the Antminer S7 (low electricity cost), it will be a lot better that Pacmic v3.

I am very disappointed !

In addition, with these unattractive conditions, the 20,000 contracts will take a very long time to sell (at least as long as Pacmic v2): no hope for Pacmic v5 before long time :-( !

Edit : at the curent rate, 80 daysminimum  to sell the 20,000 Pacmic v4 contracts (no Pacmic V5 before Noël).

I still don't believe my eyes when I see that people actually is buying the contracts. v4 is a joke!

Ehh only very few are buying, probably the same people who are going to come back in 120 days, when the S5 is no longer profitable to run, and complain that they are being screwed by Hashnest and its all a big scam instead of admitting that they made a bad investment.

I think they are still on holiday until tomorrow, so perhaps when people start getting back into the office and noticing that it either wasn't offered correctly or something, they will take another look at make a better offer for V4.

[psy112]

Pacmic v4 is a shame.
The ROI is the same as the Pacmic v2 !
With the Antminer S7 (low electricity cost), it will be a lot better that Pacmic v3.

I am very disappointed !

In addition, with these unattractive conditions, the 20,000 contracts will take a very long time to sell (at least as long as Pacmic v2): no hope for Pacmic v5 before long time :-( !

Edit : at the curent rate, 80 daysminimum  to sell the 20,000 Pacmic v4 contracts (no Pacmic V5 before Noël).

I still don't believe my eyes when I see that people actually is buying the contracts. v4 is a joke!

Ehh only very few are buying, probably the same people who are going to come back in 120 days, when the S5 is no longer profitable to run, and complain that they are being screwed by Hashnest and its all a big scam instead of admitting that they made a bad investment.

I think they are still on holiday until tomorrow, so perhaps when people start getting back into the office and noticing that it either wasn't offered correctly or something, they will take another look at make a better offer for V4.

Maybe not many buyers, but still people buying! I was hoping that v4 would be the new miner so I could invest a larger amount. But won't purchase anything until the terms have changed ;P

[DebitMe]

Looks like the description of V4 has been changed to using the S7 for hashing.  Not a great return, but at least you can now get your money back before the unit becomes unprofitable to run.

I will now be buying a few.

[ZenFr]

Looks like the description of V4 has been changed to using the S7 for hashing.  Not a great return, but at least you can now get your money back before the unit becomes unprofitable to run.

I will now be buying a few.

With the S7, no need to get the money back because it will be profitable all the time of the contract...
CQFD (in french, sorry).