Re: Hashnest 's newest PACMiC Cloud Mining Contract

Should be around an 8.5% APR, will have to double check my spreadsheets though to make sure that is about right.

Hashnest website says annualized ROI is 25.2288%, so either they are guilty of false advertising or your calcs are way off.

Here is my spreadsheet...
https://docs.google.com/spreadsheets/d/1zbKKyXtW0vcfGDufk_UIRg_gAi0JzjsFwvB7LGj8bOI/edit?usp=sharing

I am not getting to the 25% APR, perhaps I have an error? Can anyone correct my calcs for the V2 and V3?

So your 7% is based on the 107 days your contract ran. If it had ran for a full year, hence an "Annual Percentage Rate" it would be around 25%.

No, the 7% is the annualized rate for the V2, on the next tab for V3 the annualized is 12.73%.

I think the 25% comes from if the same amount of profit was paid as the first block of every contract, for every block. That gets me to around 25% I believe, but that is not really a fair way to evaluate the asset.

As always, you've out-mathed me! ;-) Thanks for the analysis.

No no, please scrutinize. I think my math is correct, but it just seems so far off from what Bitmain says that I am skeptical. If I am right, then they are advertising way over what that asset should be showing as a APR.

I think they take the "auto-Rebuy" feature. If we can re-invest the proceeds, it may reach much higher APR than 12.73%, but I have not done the model yet.