|
hashnest.com
|
 |
March 05, 2015, 03:08:33 PM
Last edit: March 05, 2015, 03:28:20 PM by hashnest.com |
|
Sounds like it is supposed to be a stable contract but what I think what people are missing is : " When the principal is
paid back, the mining rigs will belong to BITMAIN." So you're not buying shares like in a real miner like the others, there is no getting a rig is this all goes south.
Hi kingcolex, There are no electricity fee and maintenance fee on users. Profit increases per second, hashing power is backed by Antminers. It is a good to do the long-term investment, annualized ROI is more than 20%. But if you really like to own a physical antminer, welcome to contact us too  How is bitmain making their money over regular cloud mining? Once this is answered it should calm worries of a ponzi. At the end day of the PACMiC, Bitmain will take away the miners and mined till the end. Bitmain only share the mining profit with the PACMiC buyers in the beginning months. After the buyer get their investment paid back, Bitmain owns nothing against the buyers. I think that is how they earn the money. So if I understand you pay 1 BTC for 1TH of hashing power (almost 1 S5) it mines with no power or maintenance taken out, once it earns 1btc +.7 statoshi a second you get paid and Bitmain keeps hashing on. So if the S5 becomes unprofitable it will turn off but keep paying out like it was still mining for 10 more days and that's that? Hi kingcolex, If a PACMiC is not mining enough revenue to pay for its own electricity cost (fixed at 0.098 USD per kWh, calculated using an ideal AntMiner S5 hashing at 100% uptime per PPS payout), whether because of difficulty increase or BTC price decrease, the PACMiC will continue paying out for ten days as though it were running, even if the machine is turned off. If these conditions persist for ten continuous days, the contract will be considered temporarily suspended. During the suspension period, mining revenues and profit payments will also be temporarily stopped. If after the suspension period, difficulty has dropped or bitcoin price has risen, making mining possible again, the contract will be reinstated and pick up where it left off. |
|
|
|
|
|
BITMAIN (OP)
|
|
March 05, 2015, 03:27:34 PM
Last edit: March 05, 2015, 03:53:03 PM by BITMAIN |
|
So if I understand you pay 1 BTC for 1TH of hashing power (almost 1 S5) it mines with no power or maintenance taken out,
Yes. once it earns 1btc +.7 statoshi a second you get paid and Bitmain keeps hashing on.
Almost right. The 0.7stoshi/seconds/BTC is based on the unpaid principle, which is declining during the whole process of the lifecycle of the contract. So if the S5 becomes unprofitable it will turn off but keep paying out like it was still mining for 10 more days and that's that?
Right, but only the red part. You are mentioning the clause to address the risks. Contract Suspension
If after 120 days, a PACMiC has still not recovered the initial capital for its user, and is not mining enough revenue to pay for its own electricity cost (fixed at 0.098 USD per kWh, calculated using an ideal AntMiner S5 hashing at 100% uptime per PPS payout), whether because of difficulty increase or BTC price decrease, the PACMiC will continue paying out for ten days as though it were running, even if the machine is turned off. If these conditions persist for ten continuous days, the contract will be considered temporarily suspended. During the suspension period, mining revenues and profit payments will also be temporarily stopped. If after the suspension period, difficulty has dropped or bitcoin price has risen, making mining possible again, the contract will be reinstated and pick up where it left off. You can see that IF the situation changes and the S5 is profitable to run again, the PACMiC will pick up. So there is alway risk as well as the hope. |
Cloud Mining? Just Go to Hashnest.com Best Liquidity Lowest Price 100% Real Mining Back Up
|
|
|
DebitMe
Legendary
 Offline
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
|
|
March 05, 2015, 04:21:41 PM |
|
If I buy a contract for 1 Btc, does the payout each day go into my hashnest account, and is that separate than my Antpool wallet? I ask because I am doing something with my Antpool account and don't want to mess up the payouts with another 1 TH/s added to my antpool earnings. If it does go to antpool I will just create another account and do it there.
Thanks (hope that wasn't too confusing)
|
|
|
|
|
DARKANGEL6415
|
|
March 05, 2015, 05:22:08 PM |
|
weird thing :
my withdraw is done and arrived to my wallet for half an hour by now.
But on hashnest history transaction it still tagged as unconfirmed :-! .
the transaction engine is gone south or what ?
seems like there has been alot of problems going on from the transaction to the deposits delayed or being there but not in transaction history hope its fixed soon |
|
|
|
|
DARKANGEL6415
|
|
March 05, 2015, 05:23:43 PM |
|
weird thing :
my withdraw is done and arrived to my wallet for half an hour by now.
But on hashnest history transaction it still tagged as unconfirmed :-! .
the transaction engine is gone south or what ?
There is something wrong. Transactions on market are hanging too.. where is theyr office in china ?? what time is it there ? Can we chat with them live ? i think they had said before they are in china, not sure about the chat function i have never seen one, then again i might have missed it if there is one. I see bitmain janet post on here sometimes |
|
|
|
ajw7989
Legendary
Offline
Activity: 924
Merit: 1000
|
|
March 05, 2015, 07:48:18 PM |
|
The new concept seems interesting but lately the site has been down a lot :/
|
|
|
|
|
DiCE1904
Legendary
Offline
Activity: 1118
Merit: 1002
|
|
March 05, 2015, 08:45:36 PM |
|
So whats the better deal? The contract for 1btc or 1btc worth of s5 ?
|
|
|
|
|
pumawolf
|
|
March 05, 2015, 09:08:59 PM |
|
when do the pacmac contracts start.
|
|
|
|
|
|
PeaMine
|
|
March 05, 2015, 09:51:39 PM |
|
Are there any programs for trading on Hashnest via the API?
I miss the full market depth view.
Also if say you have 2TH of S4, can you still pay to have it shipped home? Or what are the stipulations on that currently?
|
Datacenter Technician and Electrician. If you have any questions feel free to ask me as I am generally bored looking at logs and happy to help during free time.
|
|
|
|
msarro
|
|
March 06, 2015, 12:44:03 AM |
|
Still offline for me - is it the same for everyone else?
|
|
|
|
ajw7989
Legendary
Offline
Activity: 924
Merit: 1000
|
|
March 06, 2015, 12:45:52 AM |
|
Still offline for me - is it the same for everyone else?
Still offline for me as well. Was not able to login at all today and view hashrates or trading histories. EDIT: Works for me now but on and off |
|
|
|
|
BITMAIN_Janet
Member
Offline
Activity: 112
Merit: 10
|
|
March 06, 2015, 12:47:14 AM |
|
If I buy a contract for 1 Btc, does the payout each day go into my hashnest account, and is that separate than my Antpool wallet? I ask because I am doing something with my Antpool account and don't want to mess up the payouts with another 1 TH/s added to my antpool earnings. If it does go to antpool I will just create another account and do it there.
Thanks (hope that wasn't too confusing)
Hi DebitMe, Payout will be paid to your wallet on Hashnest.com, i think it is different if you do not set this hashnest's address as the withdraw address on Antpool. |
Skype: yaxuan.ai, +86 18511636219, Twitter:@Janet_Ai_YaXuan
|
|
|
BITMAIN_Janet
Member
Offline
Activity: 112
Merit: 10
|
|
March 06, 2015, 12:51:09 AM |
|
Still offline for me - is it the same for everyone else?
Still offline for me as well. Was not able to login at all today and view hashrates or trading histories. EDIT: Works for me now but on and off Hi, SSO (single sign on) testing, wait moment, it will be back online soon. |
Skype: yaxuan.ai, +86 18511636219, Twitter:@Janet_Ai_YaXuan
|
|
|
BITMAIN_Janet
Member
Offline
Activity: 112
Merit: 10
|
|
March 06, 2015, 12:56:15 AM |
|
when do the pacmac contracts start.
Hi pumawolf, The contract will become active immediately upon receipt of full payment. |
Skype: yaxuan.ai, +86 18511636219, Twitter:@Janet_Ai_YaXuan
|
|
|
BITMAIN_Janet
Member
Offline
Activity: 112
Merit: 10
|
|
March 06, 2015, 12:57:57 AM |
|
weird thing :
my withdraw is done and arrived to my wallet for half an hour by now.
But on hashnest history transaction it still tagged as unconfirmed :-! .
the transaction engine is gone south or what ?
There is something wrong. Transactions on market are hanging too.. where is theyr office in china ?? what time is it there ? Can we chat with them live ? i think they had said before they are in china, not sure about the chat function i have never seen one, then again i might have missed it if there is one. I see bitmain janet post on here sometimes See my signature  |
Skype: yaxuan.ai, +86 18511636219, Twitter:@Janet_Ai_YaXuan
|
|
|
DebitMe
Legendary
Offline
Activity: 2800
Merit: 1012
Get Paid Crypto To Walk or Drive
|
|
March 06, 2015, 11:46:56 PM
Last edit: March 07, 2015, 04:47:06 AM by DebitMe |
|
Why has block 346461 been skipped on payouts for PACMiC? I was paid for it for my miner that is on antpool, why is it not being paid out on the contracts?
In fact, it seems to have happened a few times, on blocks that are really short. Another one is 346491 that doesn't have a payout on the contracts.
|
|
|
|
|
DARKANGEL6415
|
|
March 07, 2015, 05:11:48 AM |
|
Sorry a bit new to cloudmining and I'm confused on one thing, how does the "Trading/Buying/Selling" Hashpower work? Like I see how some people purchase 1/GH for .00137 BTC, isn't better to just purchase a S5 miner for cloud mining then? In all sense, I just want to know how does this thing work and how will it benefit you?
when u purchase a miner ur buying one whole machine ghs 1155 . it will be time released to u in 72 hours . 3 days is a long time in btc world its ur call ,it might be a good deal might not be u dont know until the 72 hrs is up.once it is release it will appear in ur act and u can sell it on the trading floor. the trading floor is instant buying and selling of ur hash. see thats always the issue waiting for the 3 days some people might says its no big deal but like you said in bitcoin world can be a long time to wait for 3 days |
|
|
|
|
DARKANGEL6415
|
|
March 07, 2015, 05:14:35 AM |
|
I was also wondering for hashnest atm, what GH is worth purchasing? The S4 or S5?
for the moment I would say S4, but it can change with BTC price and difficulty. see http://nextdifficulty.com/If you look you will notice s2 and s3 went up in price as well as s4. The reason is that if the btc price stays at this they are a better value than the s5 since the maintenance fees went down a lot. Right now I would say buy the s3 or s4. At this price range they will stay profitable for a while and are not as overpriced as s5 which Is dropping everyday in price i dont know about the s3 i might get s4 still but the s3 i just cant see it feels like wind blows wrong and its done lol |
|
|
|
|
DARKANGEL6415
|
|
March 07, 2015, 05:15:55 AM |
|
Just finish the synchronization of 60 millions pieces of data, then need some time to smooth the small things. We are so sorry for delay, but the whole team won't enjoy happy hours before new hashnest is online Hashnest Team lol they can have margarita happy hour while working on the issues  lol just kidding |
|
|
|
|
chunkyjunkie
|
|
March 07, 2015, 05:16:59 AM |
|
Why has block 346461 been skipped on payouts for PACMiC? I was paid for it for my miner that is on antpool, why is it not being paid out on the contracts?
In fact, it seems to have happened a few times, on blocks that are really short. Another one is 346491 that doesn't have a payout on the contracts.
For my contract I was paid for block 346490 346512 Was not paid for blocks 346491 346496 I hope they get this fixed fast or offer us a refund. Going to be a long wait to get paid back if they have these problems. |
|
|
|
|
