Bitcoin Forum

Economy => Service Discussion => Topic started by: Trololo2060 on April 11, 2014, 10:06:12 AM



Title: Minning contract on Cryptsy
Post by: Trololo2060 on April 11, 2014, 10:06:12 AM

Hello,

New offer on Cryptsy Exchange (https://www.cryptsy.com/users/register?refid=142558) you can buy life time minning contract on 0.0185 BTC/ Gh/S
I calculate, it is like buying Antminer S1 and own it for 2 years (according to purchase and electricity cost)

What do you think?


Title: Re: Minning contract on Cryptsy
Post by: ajw7989 on April 11, 2014, 11:59:09 AM

Hello,

New offer on Cryptsy Exchange (https://www.cryptsy.com/users/register?refid=142558) you can buy life time minning contract on 0.0185 BTC/ Gh/S
I calculate, it is like buying Antminer S1 and own it for 2 years (according to purchase and electricity cost)

What do you think?

It does not seem to be that good of a deal. Pbmining mining (my sig) is a lower price and CEX is also currently lower.


Title: Re: Minning contract on Cryptsy
Post by: inflatin on April 11, 2014, 12:08:22 PM
The Cryptsy contract mining doesn't mention any maintenance fees. That'd be a huge advantage over cex.io with current maintenance fees around 20% of all profit.


Title: Re: Minning contract on Cryptsy
Post by: Equate on April 11, 2014, 12:11:54 PM
how is it better over other cloud mining services which themselves are not profitable.


Title: Re: Minning contract on Cryptsy
Post by: Trololo2060 on April 15, 2014, 05:17:18 AM

Now this contracts go up from 0.0185 to 0.0265 :)
I sold out on 0.0215   :(

Does anyone know what is profit on CEX.IO pri GH/S?

On Cryptsy (https://www.cryptsy.com/users/register?refid=142558) they show daily profit
Daily Distribution History
Date   Total Distribution   Per Share
2014-04-11   1.49409437 BTC   0.00014941 BTC
2014-04-12   1.13708599 BTC   0.00005685 BTC
2014-04-13   1.99584161 BTC   0.00009979 BTC
2014-04-14   2.03789711 BTC   0.00010189 BTC
Mining Contract 1 Specifications

20 Th/s Total Mining Power
Lifetime Contract - Payouts on this contract never end
Available in increments of 1 Gh/s
Total Shares Available: 20,000
Initial Price: 0.0185 BTC Each
No Trade Fees Until Initial 20,000 Shares have been disbursed
Daily Mining Payouts Directly To Your Cryptsy Balance


Title: Re: Minning contract on Cryptsy
Post by: RobFordWotWot on April 15, 2014, 05:20:33 AM
The contract on cryptsy seems overpriced to me but it if you are willing to wait a while for your return, you will see the return.


Title: Re: Minning contract on Cryptsy
Post by: mvdheuvel1983 on May 04, 2014, 02:46:17 PM
Does anyone know if you get paid on your MN1 shares if they are waiting in a sell order?


Title: Re: Minning contract on Cryptsy
Post by: DNScode on May 04, 2014, 04:45:37 PM
It does not seem to be that good of a deal. Did you calculated will it be profitable or not?


Title: Re: Minning contract on Cryptsy
Post by: mvdheuvel1983 on May 04, 2014, 07:38:08 PM
It does not seem to be that good of a deal. Did you calculated will it be profitable or not?

I bought them at a low level, didn't knew what to do with my btc at that point and this is better than doing nothing :)

And not only i get returns on these shares i can also sell them with a profit. :)

So that's why i ask if i can put them on a sell order and still get the returns until the order is filled.