lol yes yes it could but at current it seems that it is only increaseing and once again as it set now i doubt that anyone will be willing to take a chance at making .3 btc over 30 days when it seems like difficulty is just going to keep going up now if your contract was for like 335 even then it might be worth the slight risk although im not to sure on that. i mean theres ppl paying 1% intrest a day on loans whichfor 30 days is more profitable then trying to take a chance here when its pretty clear that diffculty is going up not down.
and yes i know it could but as it looks it isnt going to just saying i think you might just be better keeping your hashing to yourself unless your willing to go a little lower on your price or you your power for somthning other then mining.
I will pay 365 BTC in advance now if I can buy and have the hashing power directed to where I want... I am interested in buying long term contracts... man, it is tempting....but going through all the machines will be a bitch! I need to get GPUMAX! Could always just copy the config so you still have the original to fail back to; really not difficult. Not sure what miner you're using currently, but switching to cgminer if you aren't already on it would be your best bet imo. Do as you please though  This is why I love the forum.....as many idiots that I encouter, the dudes like you always teach me something! Thanks man....I will look into it. |
|
|
|
lol yes yes it could but at current it seems that it is only increaseing and once again as it set now i doubt that anyone will be willing to take a chance at making .3 btc over 30 days when it seems like difficulty is just going to keep going up now if your contract was for like 335 even then it might be worth the slight risk although im not to sure on that. i mean theres ppl paying 1% intrest a day on loans whichfor 30 days is more profitable then trying to take a chance here when its pretty clear that diffculty is going up not down.
and yes i know it could but as it looks it isnt going to just saying i think you might just be better keeping your hashing to yourself unless your willing to go a little lower on your price or you your power for somthning other then mining.
I will pay 365 BTC in advance now if I can buy and have the hashing power directed to where I want... I am interested in buying long term contracts... man, it is tempting....but going through all the machines will be a bitch! I need to get GPUMAX! |
|
|
|
You're also not considering the risk one takes when giving you the coins and then has to wait a month to get them back (if he even does). There's so many factors there, you rigs could fail, there could be electricity outage, bitcoin price could plummet, etc. Not worth it, even if this was (slightly) profitable.
Difficulty could go down, price could skyrocket, deepbit could go on good luck the entire time... It can go both ways. Finally. Someone who can think past the next 3 seconds. |
|
|
|
my math was off and so was yours there is only 11 days left at current difficulty 11.71*11=128.81 and then 19 days that the estimated next would be 11.55*19=219.45
that being said the estimated next difficulty wont last for 19 days it changes about every 14 and as of right now it keeps increasing and over the last 3 increase it has increased about 4.2 so lets try it this way 128.81 for current difficulty + 11.55*14 =161.7+ estimated difficulty after that of 1,175,846*4.2%=49 385.532+1175846=1225231.532 which you would mine 11.08 btc a day 11.08*5=55.4
128.81+161.7+55.4=345.91 so someone would only profit about .91 btc also you must factor in the 3% fee that deepbit charges i forgot about that
and still with this being said this is based on estimated diffcultys to come which since your post has gone up to 1179139 which then you would only be mining at 11.52 or for the 14 days a difference of .42 btc
leaveing no profit for the person buying this.
once again i will still offer to buy your service if you guarantee i would be able to make atleast 5 btc
Jesus. Just stop. No one is going to guarantee you shit. The price is the price, I have zero problem keeping the power to myself. |
|
|
|
LOL! Nice catch.....corrected! |
|
|
|
|
Thanks everyone for the responses.....always amazing how much knowledge is out there. Even cooler that people take time to share it with complete strangers.
I have decided to mazimize the use of 5970's for my farm. If those will not fit or are unsuitable for the location I will be using 6970's or 5850's. Definitly phasing out all 5830's, 5770's, and 6870's.
One of the main reasons I am avoiding FPGA's at the moment is the high upfront capital cost. To replicate my 14,000 MH/s, I imagine it would cost somewhere on the order of $20,000+. Given that my electricity is insanely cheap, I don't really get an edge from a operating cost standpoint.
It will be an interesting few months as I try to push right up against the capacity constraints and see how much hashing density the infrastructure will support.
|
|
|
|
Have you considered pointing to a merged mining pool? No reason not to get the NMC and sell it for BTC.
You have any idea what the current "excess return" is with merged mining? 5%? 10%? |
|
|
|
Have you considered pointing to a merged mining pool? No reason not to get the NMC and sell it for BTC.
I need to look into it.....honestly I have just been too lazy recently to put forth the effort. |
|
|
|
|
I don't even know why I am taking the time to do this, but here is what the numbers actually look like (as if any half-wit could not do this on their own):
12 days left at current difficulty: 11.71 * 12 = 140.52
18 days at next estimated difficulty (1,175,846): 11.55 * 18 = 207.90
The expected value is: 140.52 + 207.90 = 348.42
So yes, the buyer of this contract could expect to make a small profit.
Like I said, your math is off.
|
|
|
|
hmm 11.71 btc per day at 1,159,929 difficulty for the next 14 days until next difficulty = 163.94 and then 10.97 btc a day at estimated next difficulty of 1237572.0 for 14 days 153.58
153.38+163.94=317.32btc for 28 days.
now that being said theres only 11 days left on this difficulty so thats even less then what i wrote and ill be evn more then far and do 16 days at current diffculty 187.36
187.36+163.94= would =351.3 so the person with this contract if bought today and with diffculty being as stated would lose money or btc i mean correct me if im wrong and plz show the math lol
and no i didnt give variance i did it with a steady 13.5 ghs
Hmm maybe you can't read I'm not sure but ill show you about halfway in my post now that being said theres only 11 days left on this difficulty so thats even less then what i wrote and ill be evn more then far and do 16 days at current diffculty 187.36 187.36+163.94= would =351.3. That was being generous with 16 days at current difficulty and 14 at estimated next difficulty. And once again that being said there's now only 10 days left at this difficulty So you make one glaring error with getting the day count wrong, and then compound it by just making up fairy tale numbers? You are too much man. |
|
|
|
Sorry grantee
I was typing from my phone
so will you show your calculations or are you going to just keep circling around the?
I do not know what a grantee is either. I already told you how your math was wrong. The contract is for 30 days. Your analysis only included 28. Pretty simple bro. |
|
|
|
You have still yet to reply as it stands now this is not profitable at all I've asked to buy this contract only if there was a garnenty of atleats 5 btc at the end of the contract and you have still yet to show your math on how you figure that my math is wrong
I don't even know what a garnenty is. |
|
|
|
This contract would be much more attractive if you were mining somewhere more profitable. If you are doing PPS at deepbit, more than 1GH/s of your mining power is going to fees.
I do proportional, so no, I am not giving up 1 GH/s. |
|
|
|
I will not point the miners at another pool, apologies.
Fair enough. I am curious as to why, though. I would want to point the hashing power to a pool that supports merged mining with NMC to increase chances of making a profit. I have over 30 individual miners spread between 3 locations.....changing all of the settings would simply be too much of a hassle. Especially when I would have to go change them all back at the end of the contract. |
|
|
|
hmm 11.71 btc per day at 1,159,929 difficulty for the next 14 days until next difficulty = 163.94 and then 10.97 btc a day at estimated next difficulty of 1237572.0 for 14 days 153.58
153.38+163.94=317.32btc for 28 days.
now that being said theres only 11 days left on this difficulty so thats even less then what i wrote and ill be evn more then far and do 16 days at current diffculty 187.36
187.36+163.94= would =351.3 so the person with this contract if bought today and with diffculty being as stated would lose money or btc i mean correct me if im wrong and plz show the math lol
and no i didnt give variance i did it with a steady 13.5 ghs
Will you please give me tonights powerball numbers as well? Clearly you are clairvoyant since you know PRECISELY what the next difficulty level will be. Does anyone else ever get sick of people on these forums acting as if their opinion is fact? Good Lord. And just to drive the point home, read the details of my OP before spouting off. The contract is for 30 days, not 28. (I know, I know, your math is still infallible.) Consider yourself corrected. |
|
|
|
I guarantee the farm will average 13.5 GH/s over the life of the contract.
Thanks. Payouts will be directed to the address of your choice.
Would you be willing to point your farm to a pool of my choice instead? What miner do you use and does it support failover to a secondary pool? I will not point the miners at another pool, apologies. I use GUIminer with fallback support. |
|
|
|
hmm i might be rong or a little off but with the next increase and everything the person that will be buying that contract would be losing money i mean if that for a 30 day contract your asking 345 your 13.5 ghs will only make about 312. unless your not selling for 345
Your math is off. |
|
|
|
Just curious, why you do not offer your shares through GLBSE?
How do you transact the sales of shares and distribution of dividends?
Best,
SJ
Currently we are waiting on GLBSE to mature, or a better alternative to surface. Share sales are conducted privately, and dividends are paid to the BTC address of record registered to the shares at the time of sale. |
|
|
|
Your sig image shows 13.34 GH/s, is this the hashing power offered in the contract? (I realize there is variance, just curious).
Thanks.
Edit: Do you guarantee that your mining farm will mine at 13.5 GH/s or higher the entire time?
Thanks.
yes, the sig image is the power offered. Precise hashing power is 13,620 MH/s according to my detailed analysis. Currently I have one rig turned off to conserve power....it hashes at just over 300 mh/s. I guarantee the farm will average 13.5 GH/s over the life of the contract. Thank you for the inquiry! |
|
|
|
|
7 days: 80 BTC
30 days: 345 BTC
Payouts will be directed to the address of your choice.
|
|
|
|
|
Show Posts
