Got 6.

Because, as anyone who has actually mined coins can tell you, time is of the essence and there is more to it than simply looking at wikipedia hash rate charts.

"Why would you lease me your hashing at a monthly rate that is less than you would receive yourself from mining?"

Answer - Because I already have the equipment and I'll keep it when the lease is over.  You get the future coins, I get the instant cash that I can use for whatever I want.

"Conversely, why would I lease your hashing at a monthly rate that is more than I would receive from the value of the coins?"

Answer - You don't know where difficulty is going and you certainly don't know where the exchange rate is going.  You're making decisions on assumptions as though they are fact when they are really nothing more than speculation.  You might be speculating correctly, but spare me the, "I can't predict the future mentality."  You're as bad a Kiwi thinking he can beat the math month over month.

#1 - fasttxdivorce.com - That's me.  I don't defraud people; doing so puts my license at risk.

#2 - Then no mining contracts would ever make financial sense...  The reality is that people operate on preference and if they prefer 30 days of 1.2 Ghash (starting instantly when the deal is made) over either buying coins directly (setting up accounts, waiting for confirmations, etc...), having a rig in their house (a difficult proposition indeed), or keeping their $750, then my deal would make sense to them.

I'm just saying that most of the criticisms leveled on me are asinine.  The only legit one is that my fee is too high, in which case I won't sell anything.  There's nothing stopping potential buyers from offering a lower fee over PM.

The others are just bad criticism.

1-  "I get more coins per day with less Ghash."  - Wrong.
2-  "For that money, people could make their own machines." - ... Only if they can find the equipment today at the prices of 2 months ago.  Unlikely.
3-  "For that money, people could just buy coins." - Which makes sense if you think that the difficulty level will go dramatically up over the next 3 months or the exchange rate will stay the same.  If on the other hand, you want coins but don't want to pay $19.50 for them and think the difficulty might go down, my rates are competitive.  No one knows the future; I only know what my current capabilities are.
4-  "People can just lease equipment for the next 2+ years... at X amount per month."  Yeah right.

Comparing apples to oranges then, aren't you.

Please direct everyone to a place that offers 1.2 Ghash for $75 per 30 day lease.  I would gladly lease that.

You don't understand.  You might as well say that on average, you can win 3 out of every 10 Powerball lotteries with 1 ticket each draw.  And if a statistician tells you that you won't, what would your reply be?  "Just you wait!  All I need are ten drawings!  You'll see!"

I'll be very interested to see these "statistics..."

Sukrim - You're correct as long as current trends hold and difficulty doesn't decrease somewhere along the way.  There are no guarantees.

Now can you confirm for me, kiwi, and any potential confused readers that kiwi's figures are statistically impossible?

Kiwi, telling me that you don't like my proposal is one thing.  But at this point, you're basically telling me (and potentially dozens of noobs who don't know any better) that you've found a way to cheat the system.  If you know something we don't, kindly tell us.  Prove that 2+2=5 for you when it equals 4 for everyone else.  Prove it and sell the info here.  People would pay good money to make greater than 1.38BTC per day at this current difficulty level per 1Ghash.  Otherwise, stop with the nonsense.

Let me guess, your day job is selling roulette systems to rubes on the Vegas strip?

And if the potential renter can find a way to produce 1.2 Ghash very quickly in the face of skyrocketing GPU costs, ever limiting supplies, and inherent difficulty in maintaining the system, then more power to him.  Once again, this is for people who don't want to build a rig that will be hashing away (heat, noise, etc...) in their kitchen for the foreseeable future.

Just so I understand, your retort to my irrefutable mathematical evidence is, "Well how about we wait a day and just write down what we mine?"  No thanks.  I'll just stick to the math.

By the way, you've not provided any statistical evidence, so I don't know what it is you're claiming that I'm denying.

Let's do a little math, my grammar impaired friend.

But first, let's enter your information into our trusty calculator...

http://www.alloscomp.com/bitcoin/old_calculator.php

At 1 Ghash, you'll find a block roughly every 43.5 days.  There are 50 coins per block.  Divide 50 by 43.5 to find out your coins per day and what do you know...  you'll get approximately 1.14BTC per day, on average.  My guess is that you're on Slush's pool or something and your previous shares are being credited to you, only you're forgetting that those shares were earned at the previous difficulty.

At 1.2 Ghash, I will find a block every 36.5 days.  There are 50 coins per block.  Divide 50 by 36.5 and well I'll be... 1.2 Ghash will net you about 1.38BTC per day, only .02BTC more than my offer based on other rough estimates.  So how about we make a deal.  I'll update my daily payout offer at the current difficulty level to 1.38 per day, and you stop accusing me of ripping people off.

If my math is incorrect, let me know.  Otherwise, learn more about the system before spouting off.

At the current difficulty level, the payout (according to my calculations) will be roughly 1.36BTC per 24 hour period.  If the difficulty level changes during your lease time, the payout will adjust as well, exactly as if you'd been mining yourself.

Well, first, because you can only build a machine in theory for that money.  Try finding the appropriate cards, motherboards, and power supplies in your town to get 1.2 Ghash, as in, right now.  I live in one of the largest cities in the United States and it's beyond a hassle.  I've got local dealers trying to sell 5870's for $625.00.  You can go online, but by the time you realize that your backordered Tigerdirect cards will not be arriving for at least 1 month, rather than the 5-7 days they quote, the difficulty level will have increased who knows how many times.

Time and price are of the essence and mining equipment is very hard to come by for a lot of people.

Then, assuming you can get the parts right away, you have to build the system, which will be a pain for many people (especially people who've never built a rig before).  Only then can you even start mining.  And when you do begin to mine, there will be a series of loud, hot, open motherboards and wires all over the place.  This doesn't bother me; it probably does bother the wives of many would-be miners.  Aside from the other issues (downtime, pool attacks, persistent monitoring of miners, etc...), like with a car, some people just prefer to lease, rather than own.

With me, I start crediting your account the moment you pay me (and you begin receiving your daily payout the day your payment clears).  Moreover, you don't have to own, maintain, etc... any of the equipment.


At current rates... sure.  Investing in mining is for people who believe the exchange rate will go higher.

Willing to do 30/60/90 day leases on my 1.2 Ghash.

30 day = $750
60 day = $1250
90 day = $1600

Daily payout is guaranteed.

Accepts DWOLLA, Paypal, and Credit Cards.

Daily payout begins after payment is cleared, but your mining begins immediately after payment is made.

Offer 5,000BTC to a private investigator to get the info you want.

Gotcha.  That's the confusion.

If that's the case, and the total hashing power is down, then shouldn't the amount of blocks found go down as well, resulting in the same payouts I had before.  Are you telling me that if I were the only guy on Slush, my hashing power would be so proportionally large that I would receive the full 49 coins at the rate the pool found blocks a day ago?  Surely not.  Just because my percentage went up doesn't mean that the pool finds blocks with 700GHash at the same rate it did with 1.5THash.

My payout shortly before the site crash and now seems higher than usual.  Normally, per block, I would get about .035BTC as my share.  Before the crash I pulled at .08 and shortly after the site came back up, I got .077.  My estimated reward for this block is .072.

What's the deal?

You have some newbie issues.  First, you'll want to understand that each 5830 is it's own GPU, the first one will be device 0 and the second is device 1.  You can run them in Crossfire mode while only having the monitor connected to the first one.  That's the whole point of Crossfire.  So you're seeing no signal on one of your monitors because you've set up the system in a single monitor setup.

Now, if you open up Catalyst, you'll see a deal called Overdrive.  Click it and make sure that Windows is seeing both cards.  You'll be able to adjust them separately if everything is appropriately set up.  Now when you run your miner, you need to use 2 cmd prompts and make the command line the same for both of them... except which device is being used.  Use device 0 for one and device 1 for the other.

In all honesty, I'd run to Radioshack and pick up some resistors to make a dummy plug.  It makes life so much easier having Crossfire turned off.  Just remember to extend your monitor to the second card.