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BitcoinRigs.com
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March 25, 2011, 06:48:53 AM
 #1

BitcoinRigs.com announces the Rig Rental Service. Now you can rent a professionally built and maintained rig where you select the performance you need. The servers are hosted at a state of the art facility with 100% guaranteed power, cooling, and network connectivity.

The pricing is simple: For each USD($) you get 2 megahashes per second per month. Every day you will receive the expected daily BitCoin output transferred to the address of your choice. Your coins will accumulate even if your wallet computer is off.

For example:
$100/mo = 200 mhps
$300/mo = 600 mhps
$500/mo = 1 ghps

This is the safest way to obtain to steady stream of freshly minted BitCoins. No bad-luck streaks. No downtime. No hassle.

Capacity available immediately. Place your order now at http://www.bitcoinrigs.com/products/Rig-Rental-Service.html

Dedicated Bitcoin Mining Rigs from http://bitcoinrigs.com/
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March 25, 2011, 07:51:13 AM
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Do you accept bitcoins? I was about to give it a try but it seems you don't. And how does the mining phase work? How do we monitor it?
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March 25, 2011, 05:12:58 PM
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I bought a rig from BitcoinRigs.com and have been a very happy customer.

I'm looking at this offer, but first, the price you quote above is not what your website shows. The prices on the website are:

$300 for 200 MHPS
$600 for 400 MHPS
$900 for 600 MHPS
$1200 for 800 MHPS
$1500 for 1000 MHPS

If I'm doing my math right, that's $1.50 per MHPS.

Also, even at $1 per MHPS, I think you would loss money. Though, I haven't messed around with the numbers since the recent difficulty change.

BTW, I'm probably going to buy another rig soon.

I'm selling Mt. Gox USD and Bitcoin for cash, check or money order in the mail: http://bitcoinmorpheus.tumblr.com/

Check out my 100% decentralized P2P exchange: https://github.com/macourtney/Dark-Exchange
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March 25, 2011, 05:15:19 PM
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I bought a rig from BitcoinRigs.com and have been a very happy customer.

I'm looking at this offer, but first, the price you quote above is not what your website shows. The prices on the website are:

$300 for 200 MHPS
$600 for 400 MHPS
$900 for 600 MHPS
$1200 for 800 MHPS
$1500 for 1000 MHPS
Those prices are totals, for the entire three months. The prices in the OP were per month prices :-)

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March 25, 2011, 05:18:18 PM
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I bought a rig from BitcoinRigs.com and have been a very happy customer.

I'm looking at this offer, but first, the price you quote above is not what your website shows. The prices on the website are:

$300 for 200 MHPS
$600 for 400 MHPS
$900 for 600 MHPS
$1200 for 800 MHPS
$1500 for 1000 MHPS
Those prices are totals, for the entire three months. The prices in the OP were per month prices :-)

Oh, you want me to read. Smiley

I'm selling Mt. Gox USD and Bitcoin for cash, check or money order in the mail: http://bitcoinmorpheus.tumblr.com/

Check out my 100% decentralized P2P exchange: https://github.com/macourtney/Dark-Exchange
BitLex
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March 25, 2011, 07:12:32 PM
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Also, even at $1 per MHPS, I think you would loss money. Though, I haven't messed around with the numbers since the recent difficulty change.
i'm glad there's finally some competition,
but even at the actual $0.5 per MHPS and current difficulty- and price-level, renting such a rig is still more expensive then to just buy coins on the market (not to mention homegrown-coins).

grue
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March 25, 2011, 10:38:36 PM
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Quote
The pricing is simple: For each USD($) you get 2 megahashes per second per month. Every day you will receive the expected daily BitCoin output transferred to the address of your choice. Your coins will accumulate even if your wallet computer is off.
[...]

This is the safest way to obtain to steady stream of freshly minted BitCoins. No bad-luck streaks. No downtime. No hassle.
so you will receive the "average" amount of BTC expected for the MH/s your purchased, right?

also, your prices are too high, compared to exchanging USD for BTC.

with a 1 GH/s plan, the expected return will be around 439 BTC a month. But the plan costs $500, so it's 1.14 USD per BTC. :/

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March 25, 2011, 11:23:32 PM
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with a 1 GH/s plan, the expected return will be around 439 BTC a month. But the plan costs $500, so it's 1.14 USD per BTC. :/

439 BTC a month if difficulty does not increase. And after mystery miner stopped interfering, we are on a steady growth path and (moderate) difficulty increases are virtually certain.

Actually, instead of arguing I'm offering a competitive purely financial product. For a mere 500 BTC (which is less than $500) a month (3-month minimum), you will get 14.58 BTC a day (equivalent to 1GH/s of daily mining income at current difficulty). The payout will be increased or decreased according to difficulty. Simply put, if the (harmonic weighted) mean difficulty during the next 93 days is 62361 or lower, you win (you'll get more than 1500 BTC you paid), if it's higher, then I win. Any takers? No? Then why some people are buying  mining contracts that are more expensive than buying BTC on the market is beyond me.

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Meni Rosenfeld
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March 27, 2011, 12:58:16 PM
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with a 1 GH/s plan, the expected return will be around 439 BTC a month. But the plan costs $500, so it's 1.14 USD per BTC. :/

439 BTC a month if difficulty does not increase. And after mystery miner stopped interfering, we are on a steady growth path and (moderate) difficulty increases are virtually certain.

Actually, instead of arguing I'm offering a competitive purely financial product. For a mere 500 BTC (which is less than $500) a month (3-month minimum), you will get 14.58 BTC a day (equivalent to 1GH/s of daily mining income at current difficulty). The payout will be increased or decreased according to difficulty. Simply put, if the (harmonic weighted) mean difficulty during the next 93 days is 62361 or lower, you win (you'll get more than 1500 BTC you paid), if it's higher, then I win. Any takers? No? Then why some people are buying  mining contracts that are more expensive than buying BTC on the market is beyond me.
I've done some calculations, assuming for simplicity that the contract starts at a difficulty retargeting point, and found that the absolute maximum you might be required to pay with this contract is equivalent to 278.8 days at current difficulty, which is 4065 BTC. This is achieved if retargeting occurs at 34.6, 65.0 and 86.0 days. If you're serious about this, you may want to secure this amount in advance.

If there's sufficient interest in this kind of calculations, I might write a post about it.

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BitcoinRigs.com
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April 22, 2011, 07:39:34 PM
 #10

In commemoration of the recent run-up in bitcoin value, we are announcing an elite price (for a limited time).

1 GH/s for 3 months = $1337.

At today's difficulty this produces 10.89 bitcoins per day at a price of $1.36 per coin. This is actually lower than the current ask price on MtGox!

Dedicated Bitcoin Mining Rigs from http://bitcoinrigs.com/
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July 04, 2011, 11:12:21 AM
 #11

are there any cheaper plans than that?

500 for 200Mh/s for 3 months at the current diff. would yield about 4,43 BC/month - thats not even close to a good deal

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July 26, 2011, 03:38:58 PM
 #12

and now, we are at the difficulty of 1,690,906 and next difficulty will be probably around 1,778,000. Oh look, BTC is priced around 14 USD for last 3 weeks.

Can I rent a 1 ghps for a month  -  $250?
 

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BTW, Things in BTC bubble universes are getting ugly....
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