Hi
I am a partner in
www.bitcoinminingrigs.com.au and I feel a lot of the people in this thread are only looking at things from their own point of view instead of looking from the point of view of the people that these contracts are aimed at.
1. A lot of people in Australia and around the world for that matter do not have reliable broadband connections but wish to get involved with bitcoin mining, besides a mining contract what option do they have?
2. A lot of people are not tech savvy and have never built a computer in their life nor do they want to, why should they miss out on the opportunity to mine? Are they going to go down to (insert local retailer here) and buy an off the shelf mining rig? Most salesmen have never heard of bitcoin and will try to sell the customer a HP or DELL to mine with.
3. A lot of people actually have jobs that take up a large portion of their life, when they are at home they don't want to be monitoring their miners or watching bitcoin value on Mt Gox.
4. Believe it or not a lot of places around the world pay very high prices for electricity or their partner/parents wont let them run miners 24/7.
So if your tech savvy, have access to cheap computer parts, don't pay a fortune for electricity and don't value your time highly then a mining contract is probably not for you. For the rest of the world (which is a much larger percentage than fits into the previous categories) we offer a service that is in fairly high demand.
In two days we have had over 30 inquiries into mining contracts and have signed 7 contracts in the 1000mhash to 6000mhash range. We explain to all of our potential customers difficulty increases, volatility of bitcoin value, I even point them at this thread to read all your opinions of mining contracts. And guess what.... they still want to sign.
So please continue with all your calculations and predictions it just gives my clients something to read and help them make up their mind on whether to purchase a contract or not. But just remember to look from other peoples point of view that maybe in a different position to yourself. After all we must be doing something right... business is booming!
Thanks
David