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Title: Mining returns description - trying to keep it simple Post by: byteminr on September 05, 2013, 04:13:54 AM I'm getting asked this a lot right now by customers and those interested in mining for the first time.
I wanted to put this as simply as I can for people on my site so thought I'd check for opinion here on the easiest way to express it. Here goes: The simplest way to decide if a miner (physical hardware or virtual) is worth buying is to decide, for yourself, if it will mine more coins than it will cost to buy and run. If it does, buy it. If not, don't buy it. That's mining returns in a nutshell. With hosted offers like ours it's easy to see the whole life cost so it makes the comparison even easier. Make sense ? I'm really keen to get some community feedback on this, it's pretty critical to mass adoption in mining and making dubious promises about returns ( as is often done sadly) is pretty much illegal in most countries. Adrian Founder www.byteminr.com Title: Re: Mining returns description - trying to keep it simple Post by: amencon on September 08, 2013, 11:06:30 AM Yeah that sounds about right.
Title: Re: Mining returns description - trying to keep it simple Post by: klovishey on September 08, 2013, 11:13:28 AM But sometimes buying coins is more complicated than buying miner ;)
Title: Re: Mining returns description - trying to keep it simple Post by: byteminr on September 08, 2013, 12:42:54 PM But sometimes buying coins is more complicated than buying miner ;) This is still sadly true for many ! Title: Re: Mining returns description - trying to keep it simple Post by: resheen on September 08, 2013, 01:30:45 PM simple
Title: Re: Mining returns description - trying to keep it simple Post by: polarhei on September 09, 2013, 03:32:30 PM I'm getting asked this a lot right now by customers and those interested in mining for the first time. I wanted to put this as simply as I can for people on my site so thought I'd check for opinion here on the easiest way to express it. Here goes: The simplest way to decide if a miner (physical hardware or virtual) is worth buying is to decide, for yourself, if it will mine more coins than it will cost to buy and run. If it does, buy it. If not, don't buy it. That's mining returns in a nutshell. With hosted offers like ours it's easy to see the whole life cost so it makes the comparison even easier. Make sense ? I'm really keen to get some community feedback on this, it's pretty critical to mass adoption in mining and making dubious promises about returns ( as is often done sadly) is pretty much illegal in most countries. Adrian Founder www.byteminr.com Only three words for the mining. Safe cracking game. Description: Each 10 minutes, There is a "treasure safe" appeared, You have to find a way to crack the combination to grab the prize as quick as possible. This is the game. Title: Re: Mining returns description - trying to keep it simple Post by: byteminr on September 10, 2013, 09:41:55 AM Only three words for the mining. Safe cracking game. Description: Each 10 minutes, There is a "treasure safe" appeared, You have to find a way to crack the combination to grab the prize as quick as possible. This is the game. Thanks, this will help I'm sure. We're working on some new explainer videos and trying to work out the balance between making it sound too simple and therefore inaccurate, and too complex and worrying for newbies. |