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Author Topic: charity/better society oppertunity using ASICS  (Read 565 times)
franky1
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February 22, 2013, 01:58:53 AM
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taking the idea of the governments(of many countries) solar panel grants where people agree to have solar panels installed in exchange for free electric and the possible extra cash rebate due to excess production..

but doing it Avalon ASIC style.
imagine your most favourite grandma, or a neighbour that has been through a bit of hard luck, where both would never dare to ask for a free hand out which they feel that they have not earned or has cost others, their hard work and sweat to earn.
and heres the idea.. Putting an ASIC in their house and you give them a rebate in return to cover the costs and giving them a bit of income ontop as a thank you.

now some maths 4 based on todays figures of difficulty1, BTC price2 and known Avalon outputs on pools3
currently Avalon ASICS are yielding 9.12BTC a day(63.84BTC/week). which is $270.86 PER DAY!($1896/week)
which may go down to 5BTC a day (new monthly batch) and down each month theirafter as new batches are released.
hopefully the bitcoin value will increase as the costs of production continue to rise to counter the drop in daily yields.

An Avalon ASIC costs 50.5BTC (under 5 days income and its paid off)
based on a high $0.21c/kwh electricity it will cost $3.12 a day($21.84/week) to run the unit

so lets say you give rebates of atleast $44 a week minimum for 12 months. starting maybe alot higher at first due to the income still being relatively high. (EG starting at $250 a week, decreasing as difficulty/BTC value decreases(hoping it doesn't))

i know that many people will reply with "why don't you just keep all the units and get 100% profit yourself" to which i refer to the title and first couple paragraphs of this idea.... a charity

but now you have got the crux of the idea...... now discuss..........
positive media coverage it will bring.
better life for people around you.
growth of a new charity/business as demand expands.
aiding the network security by having more miners per population to reduce chances of 51% attacks
any other issues/positives that can come from this.

appendix
1http://blockchain.info/stats
2$29.70http://blockchain.info/charts/market-price
39.12BTC(payments over 24hours)http://hhtt.1209k.com/user-details.php?user=1MngEke9hbW2RYGnw27r5QgS1TXLC68TV6
4http://www.bitcoinx.com/profit/

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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