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. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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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. |
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. |
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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