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January 06, 2016, 11:05:14 AM |
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Hi,
My business has developed a system that performs high-frequency forex trading against Bitcoin. Specifically it looks to take advantage of the inherent price volatility in Bitcoin, tuned to the (relatively) far-lower number of transactions on the various BTC exchanges.
We are looking to work out how to monetise it, and we have been thinking about developing a mining pool where we take the mined BTC and use the algorithms against it to boost the returns. We believe we can get around 15%-20% profitability on anything found by the pool.
We are looking for some beta users -- specifically around 50 miners who can contribute at least 0.5 TH/s mining for 90 days. During this beta period we won't be taking fees, and distributing any mined BTC *plus* the return from the forex algorithms to those miners.
This is obviously risky, but if anyone is interested, please let me know.
Matt
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