PoorMans Mine contracts

[Professor James Moriarty]

 I am considering getting a project together where I will be selling shares or stocks or whatever it will be called.

 I will get something small at first like 20mh/s scrypt power or so , will use gawminer hashlets.

 I will sell 0.1 mh/s or even 0.01 mh/s , this way people who just want to try a bit can even purchase hashing power for so small price that they might purchase one with their winnings from faucets.

 What do you guys think , I see many people have a limit like 50 gh/s at least for sha miners and 1 mh/s is the smallest I saw from gawminer. So do you think smaller hashing with smaller price might get some attention?

[cloverme]

You bring up an interesting ethical dilemma to cloud mining in your proposal. First, I don't really like GAW, I've had a mess of problems with them, and I'll never order from them again.

What's interesting though is that when I was researching my issues with GAW (or warning people against investing) I came across people who, to be honest, didn't really care about getting a return on investment. To me, this was shocking, because, well, what the hell is the point then? Second, a lot of people had absolutely no clue how to tell if they would make a profit anyway.  Most them were uninformed and enthralled with any webpage with pretty colors or feeling as though they were part of "something special" like those dumb saturn owner commercials about 10 years ago where they all BBQ together and that sort of nonsense.

So, you would likely get customers who A) knew nothing about crypto and B) would be happy with never getting a return.  So I guess you would get people, but you would also have to defend yourself against being in business with GAW (which is defending itself against being a ponzi) as well as knowingly offer junk-crypto-mining to people.  This sort of reminds me now of the begining to the wolf of wall street and how he got his start with penny stocks. Hhahahah....

Ethical and responsible? Probably not... would it make money if marketed towards those who knew nothing? Yeah you probably would. Like the old adage, it's easier to get $1 from a million people than $1 million from 1 person.

[bitsof8]

Possibly.

People going after newer coins, or coins with little attention, may be able to profit from this.

Anyone that's been doing it a while won't bother with micro shares.

[the joint]

If the price is right I'm sure you'll find some takers, especially if it beats most generally available cloud mining contracts (which are, for whatever reason, very popular).

I could see the benefit for people looking to diversify and mine a large number of alt coins, hoping that at least one of them will significantly increase in value.

[Professor James Moriarty]

 Anyone else interested in the subject who would like to participate in this discussion?

 TL;DR : up

[scottyboybro]

This sounds interesting, considering  I am currently in the process of making a new silent GPU miner. I will be on the stage of beta testing soon, this thread seems to be a good location for feedback, will anyone be interested, it'll be free until the beta is over.