Surkim, where did you get "Your electricity costs are ~0,14 GBP (0,16 EUR/0,23USD) per hour per rig."?  This seems to be a statement of fact in writing, which is false, which is also damaging my business. Do you know what legal definition of this would be? What a bunch of noncence. Are we starting to suck arguments out of our thumbs here. What do you think it does to your credibility?

Sukrim, Bitsinmyhead: You are new here, obviously you lack backgraund info. Therefore I'll try to address your rhetoric.

First of all, please stop comparing this to ScpesiDyne... That is just an anonymous kid (based on his voice) copying me. In fact, ALL known mining contractors to some degree are copying me (thank you),  because I was the first one to offer this kind of service commercially.

Second of all, please stop comparing this to direct purchasing of coins. These two investmetns have completely different risks, rewards and tax liability profiles, etc.., etc.., etc...

Third of all, please stop counting some of my costs and my "outrageous" profits. Your approach is simplistic, and naive to the extreme. I've been pestered by kids like you about how badly I compare to their gaming rigs under the bed for long time now.  You think you are that good, please go and start competing business.  Please do house you rigs in open field by an electrcity pole.


"just plugging in"? O boy... where do I start....

Have any of you ever in your life managed 10 servers for a year? How old are you? What are your business credentials?  Why would anyone take anything you say seriously? Do you realise that running hundreds of servers consuming megawatts of electricity is a completely different ballgame as compared to running 1-2 servers in your mom's basement?

I've been delivering mining contract commercially for a while now. My multiply clients are who's who of this board, and they made boatloads of money on my contracts, most of them renewed expired contracts, many renewed more than one time and increased volumes.

Now I offer service at long term cost far below any competitor on the market plus offer hardware 'hedge' and skiddies are still not happy. Now they tell me I shall work for free, place hundreds of rigs by an electricity pole in the open field, provide zero-variance for free, etc.. etc.. etc... I am, frankly a little tired of this and wish there was a moderated business board where likes of you could not get to.

However, "Do you hand out guarantees/contracts/SLAs that include also commitments/penalty payments from your side if a rig goes down?" is a good question, and yes I do hand out such grantees and contracts and moreover I have significant proved track record of delivering on my promises. I will address this in F.A.Q further.

"What are your exact services that are worth ~1/3 of investor's incomes?" This is another good question and I will address it in F.A.Q. I do think however that for anyone with some money to invest the answer is pretty obvious already.

Sukrim, Bitsinmyhead: I would appreciate if you and your kind stop posting noncence in this thread. Please do not reply to this post in this thread. I really do not want another 10 page discussion comparing my business with a kid ruining mining rig in his mom's basement. I also invite you to consider deleting your not so well thought out posts. However, should you wish to ask further specific questions like the two I mentioned above, you are welcome to do so.

fees

http://memeburn.com/2011/05/will-bitcoin-be-another-failed-global-ecurrency/

and comments (before they get deleted):

nice one!

interesting

The netwrok will self heal and route around the damage.. there are very strong incentives for that in place.

Because free self regulating market forces will sort it out. As opposed to "some wise guy will tell us what to do".

Dear filharvey, thank you very much for your interest and for your proposed business model. It is very interesting. I think I will pass on this one at this time, though.

Feel free to run a similar service yourself on the terms you have suggested.

in this marketplace there are asks which are lower than your bid... do your research...

sorry my bad, let's delete last few posts

If these towncoins work than this all does appear to make sense. Bitcoin serves as a backbone and medium of exchange for multitude of various towncoin kinds, while all the towncoin emitents are free to innovate and try things. Sounds like a great system.

I just do not see how this would work technically on towncoin level, maybe it is because I did not think hard enough about it yet

but m8, the noobs we are talking about do not suggest to make minimal bitcoin with 10 zeros after dot instead of 8 (I am working with you on the analogy here), they do suggest to have every hop in IP route to add 1kb of garbage to every packet.

PaulDonnelly, please read this http://forum.bitcoin.org/index.php?topic=10552.0 .

But if it was stickable, there would be no point to stick it! Isn't it a paradox?

We still can link noobs to this thread as a public service, though.

kjj, fair enough.

sipa's charts do give you/us longer period and much more accurate estimation. Why would anyone concentrate so much on that green, short term line which jumps all around the place and why people do not treat it as noise is beyond me.

as Frozenlock and bittrader and rezin said.

I am in a mood to say things rather bluntly today though.

Every noob who comes here and in his first (or his first 100) post claims that the system is fatally flawed and offers us a salvation in form of his blessed expert suggestion on how to fix thing... looks like... Well... how should I put it...

Every such noob comes along as a freaking self-centred ignorant and arrogant idiot with an overinflated ego and IQ which is much less than he thinks it is.

This is not the best way to start in this community. People who consider doing any biz with you in the future will check your posts history, dear noobs, and will see you for who you are (in bold above) and make their decision based on this too.

I wish this thread could be locked and made sticky for noobs, but probably it would fail on political correctness front here.

kjj, Network hashing power can be estimated very accurately using statistical methods by measuring how many blocks are solved during a period of time. It is just "websites" you've mentioned are doing rather poor job.

applecart, Anonymous must not be very fond of anyone approaching 50% of bitcoin hashing threshold. I would say they are too relaxed and 25-30% is not that good either.

I am an INTP (http://en.wikipedia.org/wiki/INTP) I do not have links, I have Intuition (which is nearly always right, BTW). If you need links try to google "IMF special drawing rights".

Ohh not again... I am wondering how much central bankers spent on brainwashing and psy-ops during last 80 years or so...


Go and build your own inflatacoin blockchain. Save the world! No carrot for you...

Somebody finally fork the blockchain to inflatocoins so that we can send all the inflation lovers there already...