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Title: Mining Contract (.2 BTC per day) Post by: minerops on June 15, 2011, 04:37:52 AM Hello all
I was responding to a 'buying mining contract' thread in the marketplace when I had the idea to sell a small scale BTC per day based contract. I have .2 BTC per day to sell at the current difficulty level. This is a daily contract, based on 24 hour Mt. Gox prices. interest? -minerops Title: Re: Mining Contract (.2 BTC per day) Post by: SomeoneWeird on June 15, 2011, 04:40:12 AM Hello all I was responding to a 'buying mining contract' thread in the marketplace when I had the idea to sell a small scale BTC per day based contract. I have .2 BTC per day to sell at the current difficulty level. This is a daily contract, based on 24 hour Mt. Gox prices. interest? -minerops What exactly are you selling? Title: Re: Mining Contract (.2 BTC per day) Post by: minerops on June 15, 2011, 04:49:25 AM Currently, I have .2 BTC per day to sell at the 24 hour Mt. Gox average USD price
Title: Re: Mining Contract (.2 BTC per day) Post by: SomeoneWeird on June 15, 2011, 04:50:13 AM Currently, I have .2 BTC per day to sell at the 24 hour Mt. Gox average USD price That's really not worth it... that's like $4. Title: Re: Mining Contract (.2 BTC per day) Post by: SgtSpike on June 15, 2011, 04:51:40 AM I'll give you $60 for 0.2 BTC/day for a month.
Title: Re: Mining Contract (.2 BTC per day) Post by: minerops on June 15, 2011, 05:01:12 AM I'd like to keep this a daily deal. If it lasts for a month I'll consider 2-day average of Mt. Gox USD
Title: Re: Mining Contract (.2 BTC per day) Post by: SgtSpike on June 15, 2011, 05:01:57 AM Why wouldn't I just buy the coins straight off of MtGox then?
Title: Re: Mining Contract (.2 BTC per day) Post by: minerops on June 15, 2011, 05:05:30 AM To protect against possible spikes or dips
Title: Re: Mining Contract (.2 BTC per day) Post by: minerops on June 15, 2011, 05:08:02 AM for example right now instead of $19.7/BTC, I'd give you $19 /BTC
Title: Re: Mining Contract (.2 BTC per day) Post by: SgtSpike on June 15, 2011, 06:11:47 AM I guess I don't understand what you mean by "daily deal". Do you mean that you would be adjusting the price daily based on the daily MtGox price?
Title: Re: Mining Contract (.2 BTC per day) Post by: SomeoneWeird on June 15, 2011, 06:16:34 AM I guess I don't understand what you mean by "daily deal". Do you mean that you would be adjusting the price daily based on the daily MtGox price? Rip off. Title: Re: Mining Contract (.2 BTC per day) Post by: Grant on June 15, 2011, 06:19:34 AM Can we do a per minute contract ? Or per second, i'd like a contract for 20 seconds ;)
I think mining contracts only make sense for a longer period, so that you the seller get a discounted fixed fee (to protect yourself against market volatility) and the buyer gets the market price. Doing it daily doesn't seem to do any party any good and makes no sense. Title: Re: Mining Contract (.2 BTC per day) Post by: minerops on June 15, 2011, 06:04:55 PM it helps me since i'm looking to secure a portion of my mining investment (rather than selling all at once)
it helps whoever wants the coins since it allows a gradual investment into bitcoins (rather than buying all at once) any other contract, such as the $60 dollar/month offer above is too safe for me :) since I believe the price to buy in to bitcoins will continue to increase. also, if we assume the price increases over time, my daily deal allows an investor to have an edge against another huge price spike Title: Re: Mining Contract (.2 BTC per day) Post by: SgtSpike on June 15, 2011, 06:26:09 PM I'd be surprised if you find someone who wants to pay you $3-$4/day for 0.2BTC. Just seems silly, IMO. But good luck with the search.
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