FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1014
Strength in numbers
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October 27, 2010, 09:03:08 AM |
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approx. 9.92 BTC/(Mhash/s) after two weeks.
Thanks for the update. It looks like we would have been a little better off buying at the beginning that generating, but better off generating than buying at the end. I guess it is a little more complicated though because if the value and difficulty had decreased we'd do a lot better generating than buying at the start.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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tcatm (OP)
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October 27, 2010, 09:32:42 AM |
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Even if difficulty rises even more I'll at least make sure everyone who invested makes a small profit form it.
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1014
Strength in numbers
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October 27, 2010, 10:38:47 AM |
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Even if difficulty rises even more I'll at least make sure everyone who invested makes a small profit form it.
It looks to me like difficulty will rise soon. How many Mhash were sold in total? I think we will all make profit compared to buying coins now.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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tcatm (OP)
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October 27, 2010, 12:31:22 PM |
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It looks to me like difficulty will rise soon. How many Mhash were sold in total?
~400
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idev
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November 07, 2010, 02:29:11 PM |
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Whats the expiry date please?
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tcatm (OP)
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November 07, 2010, 04:34:35 PM |
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Whats the expiry date please?
30 days, i.e. the earliest will end on wednesday.
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idev
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November 07, 2010, 07:36:15 PM |
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Whats the expiry date please?
30 days, i.e. the earliest will end on wednesday. Ok thank you
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Bitquux
Member
Offline
Activity: 116
Merit: 10
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November 07, 2010, 10:12:50 PM |
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Is this an ongoing offer? Can we still buy in?
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tcatm (OP)
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November 08, 2010, 12:59:48 AM |
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Is this an ongoing offer? Can we still buy in?
No, the offer won't be repeated.
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1014
Strength in numbers
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November 08, 2010, 01:19:55 AM |
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Is this an ongoing offer? Can we still buy in?
No, the offer won't be repeated. Any particular reason? Is it difficult to manage? I do appreciate that you did it.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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ribuck
Donator
Hero Member
Offline
Activity: 826
Merit: 1039
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November 11, 2010, 11:28:23 AM |
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Next round: 1 Mhash/s for 30 days for 15 BTC in any fractional amount And indeed it returned a bit more than this. Very worthwhile from my point of view. Thanks tcatm for doing this. I can't see that you gained anything directly from it, so I guess for you it was a community-building exercise. It was very professionally done too, no need to chase up the payout etc. Thanks again!
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BitLex
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November 11, 2010, 01:59:31 PM |
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Next round: 1 Mhash/s for 30 days for 15 BTC in any fractional amount And indeed it returned a bit more than this. Very worthwhile from my point of view. a bit more than what? here's my results: round 1 (7days) +2.34BTC/mhash round 2 (30days) +1.26BTC/mhash still profit though, thanks tcatm.
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ribuck
Donator
Hero Member
Offline
Activity: 826
Merit: 1039
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November 11, 2010, 02:10:02 PM |
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a bit more than what? A bit more than the cost to participate. Price: 15 BTC per Mhash/s for 30 days Payout: 16.26 BTC per Mhash/s at the end of the 30 days That's equivalent to earning interest at 8.4% per month, equivalent to a compounded annual rate of 163%.
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BitLex
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November 11, 2010, 02:20:27 PM |
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i wouldnt recommend to calculate compound annual rates here. it dropped from ~78% a week to ~8% a month and i guess it will (or would if this kind of service is offered by anyone) go a lot deeper while difficulty still shoots up like it does lately, we're still closer to, or even above 10blocks/hr than 6.
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idev
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December 23, 2010, 02:17:17 PM |
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Still have not received my
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tcatm (OP)
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December 23, 2010, 03:18:11 PM |
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Still have not received my You received your coins in Block 84586.
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