Quote from: kingcolex on March 05, 2015, 02:50:07 PM

Quote from: HorseRider on March 05, 2015, 02:40:56 PM

Quote from: kingcolex on March 05, 2015, 02:17:40 PM

Quote from: hashnest.com on March 05, 2015, 01:59:57 PM

Quote from: kingcolex on March 05, 2015, 01:10:50 PM

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 Grin

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.