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Vladimir (OP)
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May 16, 2011, 08:38:02 PM
Last edit: June 01, 2013, 05:23:20 AM by Vladimir
 #1

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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yigga
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June 21, 2011, 10:03:44 PM
 #2

i keep getting in red...http://bitcoinx.com/profit/index.php
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June 21, 2011, 10:14:51 PM
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i keep getting in red...http://bitcoinx.com/profit/index.php

 Wouldnt be much of a business if he gave out more than he took in  Grin
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June 21, 2011, 11:02:09 PM
Last edit: June 21, 2011, 11:19:40 PM by nebiki
 #4

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The price is 400£ per Ghps per Month.

Minimum contract length is 4 month.

2x6990+board+psu+cpu = ~1000gbp (for ~1.5Ghash/s). 4 months = 120 days = 2880 hours. rig eats ~0.9kW. that's 2600kWh. 0.20gbp per kWh = 520 gbp. so ~1500 gbp if i buy a 1.5Ghash/s rig. 1600 for renting your 1 Ghash/s for 4 months. good deal, bro.


aaaaaand for the guy above: do you expect 1 difficulty increase within 4 months? wow. but it doesn't really matter, because renting his 1 ghash/s for 4 months is more expensive than buying a 1.5 ghash/s rig and operate it for 4 months. so...

edit: i feel the urge to rant. "family business" my ass. his post sounds so damn serious yet all he does is scam people.

another edit: 4 months @ 1 ghash/s is about ~55 bitcoins if you assume a daily increase of 3% in the network's hashrate (it's been over 5% for a pretty long time now). i think mtgox is cheaper.

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Xer0
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June 21, 2011, 11:29:37 PM
 #5

you still forgot one thing... you get 1,5GHs by buying yourself but only 1Ghps by renting Wink
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