The autopayout feature there is nice for the BTC, I assume the merged mining will also be split and distributed somehow?
I have it all planned out the users who are interested in doing something like this we will be setting up a skype group chat. auto payout and merged mining would be negotiated to be used to re-invest or used to daytrade and get those amazing dogecoins or something.
But yes depending on the people who show interest in this and are actually looking to throw some money toward a rig lets go. I have also considered a KNC miner as well its a little bit more pricey but its 3TH I just dont want to make this some ridiculous group buy where everyone can own 1% of this mining hardware I would like to see some nice even numbers to simplify everything. Like 4 people each person owns 25% of the hashing power of course excluding the 4% taken out to an address for electricity and maintenance costs.
It would be equally shared and just seems like a fun project to do with a few people. Since the group can brainstorm other profitable investments.
I've ran previous group buys for USB hardware but this would be a unique project of its own.
If i look at this
http://mining.thegenesisblock.com/ it says that it wont BE in the first year. Am i missing something? Or do you think that this is profitble?
I am i bit of a newb but i just dont understand why so many people buy al these rigs here
Well me personally I think that calculator is cool but looking at it and well I really do not believe we'll see the difficulty go from 6900m to 12373m
I have been mining since late 09 - 10 I enjoy it its a fun hobbyist thing and you feel pretty accomplished when so far every peice of hardware I have owned from GPU to FPGA to ASIC I have seen them all bring me a ROI within 3-6 months regardless of difficulty. At that point your reward is a hardware that will continue to payout
if it gets that bad however this is why I would like this to be equally owned so it would be a group decision. Also another reason why I'd like to only do anywhere from 1500-3k on one of these cointerras so I need 1 - 3 more people to actually make this happen and look into investing with me.
I can't say this without it being nothing more then my speculation but anytime I do invest I plan on profiting off of it one way or another not to loose money. I really only need 1 other person to start this but am willing to expand.
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