Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: josg21 on February 20, 2014, 03:32:04 AM



Title: Scrypt Hosted Contracts
Post by: josg21 on February 20, 2014, 03:32:04 AM
Is there a need for this? I was thinking about building a 100MH cluster and offer contracts out.

Pricing would be:

.02. a day per KH
.13 a week per KH
.55 a day per KH

Would there be any interest?


Title: Re: Scrypt Hosted Contracts
Post by: BitCoinPokerBro on February 20, 2014, 03:38:49 AM
Is there a need for this? I was thinking about building a 100MH cluster and offer contracts out.

Pricing would be:

.02. a day per KH
.13 a week per KH
.55 a day per KH

Would there be any interest?

The problem with cloud mining is providers charge above what anyone could expect to make per MH/s a day. Why would I pay $20 to make $10?


Title: Re: Scrypt Hosted Contracts
Post by: josg21 on February 20, 2014, 03:39:36 AM
What pricing would work?


Title: Re: Scrypt Hosted Contracts
Post by: BitCoinPokerBro on February 20, 2014, 03:43:00 AM
What pricing would work?

Honestly I don't know. It would have to be enough to cover your electric cost plus commission and yet still be profitable for the buyer. Otherwise it wouldn't make sense for either to do business together right?


Title: Re: Scrypt Hosted Contracts
Post by: anderl on February 20, 2014, 03:43:41 AM
Q3 2014 I plan to launch a total of 3GHs scrypt mining and provide an exchange price for consumers to determine the price they want to pay.


Title: Re: Scrypt Hosted Contracts
Post by: Wipeout2097 on February 20, 2014, 03:43:55 AM
Perhaps you will get more out of your investment if you offer non-scrypt coin mining, or even GPU time for other purposes.


Title: Re: Scrypt Hosted Contracts
Post by: chinabreak123 on February 20, 2014, 03:45:45 AM
maybe not


Title: Re: Scrypt Hosted Contracts
Post by: josg21 on February 20, 2014, 03:52:02 AM
so "how much" do you actually make a day?


Title: Re: Scrypt Hosted Contracts
Post by: anderl on February 20, 2014, 03:57:11 AM
so "how much" do you actually make a day?

Already running 150MHs for about 6 months.  Totaling about 50 LTC per day.  Used to be a lot more 6 months ago.  I sold a lot of LTC in the run up.

I have about 2.9GHs in several orders to be complete by Q3.  Selling that much LTC is difficult and hosted mining is easier to sell.  


Title: Re: Scrypt Hosted Contracts
Post by: josg21 on February 20, 2014, 04:04:00 AM
Are your orders GPU base?