Bitcoin Forum

I have 3 spare GPUs at approx 300 mh/s, I will point one gpu at the pit of your choice for $25/day.

300 mh/s would net 2 btc/day ~ 11$/day. How is hoping for a 127% increase in value just to get even a "low risk investment"?

(or have I misunderstood you and you're actually selling gpus for 25$?)

This thread makes me lol... and it hasn't even gotten going yet!

I'm sorry, but that sounds awfully expensive?  At 300 Mhash/sec and the current difficulty of 157426.20628986, the expected output per day is BTC 1.91676164526 (USD 10.35 at current MtGox rate).

Cheers,

$10 < $25
true story


If you want people to overpay for mining, you have to do longer term contracts like vladimir.  The loss is easier to calculate when you look at the short term.

What do MtGox's market rates have to do with my services?

I just sold someone 10 BTC for $55, barely more than two days of your service.  I'm not the only seller out there, and we all adjust our rates based on the various markets.

If I jump on your wagon for one day I pay you USD 25 and I can expect to get less than BTC 2 back, meaning that I have paid more than USD 12.50 per BTC — that's pretty expensive compared to the current market price.  I'd be better off bying BTC 4.50 for USD 25 on the market.  So you can say that MtGox' market rates are relevant for me to assess if your offer is indeed a “low risk bitcoin investment” or not (and I'd definitely say not).

Cheers,

I am afraid that my definition of low risk is more conservative than yours. May I propose a counter offer?

$25/Day for all 3 GPUs and a jumbo bag of pretzel sticks and a carton of newport lights delivered to my door every tuesday, and fish oil capsules 1000mg delivered bi-weekly (day does not matter).

Everything since that's the offer you've got to beat to get interest?

Why again is it a good idea to sell Bitcoins right now?

Alternative 1: I pay you $25 for 1 day's mining and get BTC 2.00 back.  I let the BTC sit in my wallet until better days.

Alternative 2: I buy BTC 4.50 for $25 on the market.  I let the BTC sit in my wallet until better days.

Now tell me: Which investment sounds more healthy / less risky to you?

Cheers,

this, excellent point.

People like you with no education at all in economics is what made possible to have a fiat currency like the dollar used all over the world ;-)

how about I do NOT use your service for 1 month thus saving $750, instead I buy 3 x 5850 from local shop for 3 x $200, and when I draw the line I will get 5 years FREE service, not just one month!

I don't think this offer is so off the wall for someone who is speculating that bitcoin will continue growth well beyong 10-20 bucks per.  If you have a year long contract and bitcoins exceed that price point within a month and continues to rise you are getting a really great deal for those other 11 months.  Say it hit $100 within that year, even at 1BTC a day you are making 365BTC.  You'd have spent $9000 for 36,000 worth of coins

To clarify, are you only offering a term of one day, or can someone contract with you for say a few months?

why would someone pay $2, if he can have it for $1?
if someone who is speculating that bitcoin will continue growth,
why would he pay 25 bucks to generate 2BTC, instead of paying 25 bucks to buy 4BTC?

he'd make twice as much profit, wouldn't it be silly to take the worse offer?


and again, why would someone pay $750/month for 300Mh/s,
if one can get 800Mh/s for $280/month?
even 1Gh/s for £400/month would be a way better deal, but it's your choice.  :D

and to the OP:
if you get more customers than you have GPUs,
feel free to give me a call, i could think about sending you some 300Mhashes/s for...let's say $22/day, that you can resell.

when those 2 BTC are worth $50/day and you are still paying $25/day then who is getting the better deal?

$50/day? how would 2BTC be worth $50/day?
they might be worth $50 someday, so what?
4BTC would be worth $100 the same day.

but i get it,
you really believe, that paying $25 for 2BTC is a better deal than paying $25 for 4BTC.

we should do business together,
i'd really like to sell you 2BTC for $20, but feel free to pay $40.

Yes obviously it is worth 5.50/BTC right this second.  if tomorrow it is worth $20/BTC and you have the $25/day contract in place then you will make $15 tomorrow.  This is called speculation.  He is banking on the constant payment and you are banking on the long-term gains.  I don't know what is so difficult to understand.   Unless he will not offer a long-term contract of course.

no, he's not,
he's offering 1day 300Mhash/s  for $25,
the market is offering 2BTC for $12 *now*.

with his deal, you can use those 300Mhashes/s 24hours on a pool, which will gain you ~2BTC in about 20more hours,
you pay $25 and have to wait about 44hours to receive your ~2BTC.

with the market deal,
you pay $12 and get 2BTC immediately.

you must really be generous, if you take his deal,
but it can in no way gain you any more profit than the market-deal.

my offer stands,
if you really think, 4BTC for $25 is worse, than 2BTC for $25,
i would love to give you just 1BTC for $25 (which by your logic would be an even more awesome deal).

oh and on the long term it doesn make any sense to get those 1day-contracts,
same thing, different *market*.

why would you pay $750/month for 300Mhash/s,
when you only need $300-500/month for 1000Mhash/s?

gold is bound to go past 2000$ one day, I offer to you for only 1990$ per ounce great investment!!! low risk!

from now?
if you pay me $25 today, i don't actually care, if you take those 4BTC today, or if you take them in a decade, or if your grandgrandchildren take them someday, it'll still be 4BTC.

thing is, you don't offer 2BTC/day, you offer 300Mhps/day,
in a year from now (or in 1487blocks to be precise) you won't get 2BTC per day from those 300Mhashes anymore.

besides that, i made YOU another offer,
you said you only have 3 GPUs to spare,
so if you get more than 3 customers that want to take your service over a long term,
i'll happily jump in to help you.

you get $750/month/300Mhps from your customers,
i rent 1Ghps from vladimir for ~$500/month and send it to you for only $750/month,
you can then resell to 3 of your customers for 3*750= 2250.
win-win-win-win
vladimir will win, i will win, you will win and i guess your customers get the best deal of all.

what do you think, are we in business?

are you serious?
i still can't believe you are.

if i sell you BTC today, it's no longer my BTC, it's yours.

i don't care if you claim it now, or next week, or in a year, or in a hundred years from now.
if you don't want them now, i can send them to a fresh wallet, put that wallet on an SD card, or print out QRcodes of its keys and hold them for you over the next couple of years

i would immediately buy (different) BTCs back on the market from the $ you pay me and would have the same amount of BTCs that i had before (plus a couple of cents profit per BTC for me).

why would i care what happens to those BTC you bought?

if i were you though,
i would take them now and keep them somewhere save myself,
that way i wouldn't have to trust any other person besides myself (in our deal, you have to trust me for as long as you want me to hold your coins).

should have been "no I am not serious, just wanted to fool some people with this thread".

anyway, good luck with your mining-service-business.

your all missing the point, its charlie sheen, "DUH!! WINNING"

nice triple post

1st you have an epic username :D

2nd i will pay for your services but not $25/Day xD

I suggest if u have 3 then selling them in bulk as 3 systems mining for 1 customer for $30/Day or just mine yourself and buy things with the BitCoins :)

Also could you send me a picture of your systems please :)

This guy probably got an F in economics.

Anyone actually taking this offer should be considered mad.