Bitcoin Forum
December 04, 2016, 10:35:00 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Mining Contract (.2 BTC per day)  (Read 1462 times)
minerops
Member
**
Offline Offline

Activity: 62



View Profile
June 15, 2011, 04:37:52 AM
 #1

Hello all

I was responding to a 'buying mining contract' thread in the marketplace when I had the idea to sell a small scale BTC per day based contract. I have .2 BTC per day to sell at the current difficulty level. This is a daily contract, based on 24 hour Mt. Gox prices.

interest?

-minerops

JHJ 420
1480847700
Hero Member
*
Offline Offline

Posts: 1480847700

View Profile Personal Message (Offline)

Ignore
1480847700
Reply with quote  #2

1480847700
Report to moderator
1480847700
Hero Member
*
Offline Offline

Posts: 1480847700

View Profile Personal Message (Offline)

Ignore
1480847700
Reply with quote  #2

1480847700
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
SomeoneWeird
Hero Member
*****
Offline Offline

Activity: 700


View Profile
June 15, 2011, 04:40:12 AM
 #2

Hello all

I was responding to a 'buying mining contract' thread in the marketplace when I had the idea to sell a small scale BTC per day based contract. I have .2 BTC per day to sell at the current difficulty level. This is a daily contract, based on 24 hour Mt. Gox prices.

interest?

-minerops

What exactly are you selling?
minerops
Member
**
Offline Offline

Activity: 62



View Profile
June 15, 2011, 04:49:25 AM
 #3

Currently, I have .2 BTC per day to sell at the 24 hour Mt. Gox average USD price

JHJ 420
SomeoneWeird
Hero Member
*****
Offline Offline

Activity: 700


View Profile
June 15, 2011, 04:50:13 AM
 #4

Currently, I have .2 BTC per day to sell at the 24 hour Mt. Gox average USD price

That's really not worth it... that's like $4.
SgtSpike
Legendary
*
Offline Offline

Activity: 1344



View Profile
June 15, 2011, 04:51:40 AM
 #5

I'll give you $60 for 0.2 BTC/day for a month.
minerops
Member
**
Offline Offline

Activity: 62



View Profile
June 15, 2011, 05:01:12 AM
 #6

I'd like to keep this a daily deal. If it lasts for a month I'll consider 2-day average of Mt. Gox USD

JHJ 420
SgtSpike
Legendary
*
Offline Offline

Activity: 1344



View Profile
June 15, 2011, 05:01:57 AM
 #7

Why wouldn't I just buy the coins straight off of MtGox then?
minerops
Member
**
Offline Offline

Activity: 62



View Profile
June 15, 2011, 05:05:30 AM
 #8

To protect against possible spikes or dips

JHJ 420
minerops
Member
**
Offline Offline

Activity: 62



View Profile
June 15, 2011, 05:08:02 AM
 #9

for example right now instead of $19.7/BTC, I'd give you $19 /BTC

JHJ 420
SgtSpike
Legendary
*
Offline Offline

Activity: 1344



View Profile
June 15, 2011, 06:11:47 AM
 #10

I guess I don't understand what you mean by "daily deal".  Do you mean that you would be adjusting the price daily based on the daily MtGox price?
SomeoneWeird
Hero Member
*****
Offline Offline

Activity: 700


View Profile
June 15, 2011, 06:16:34 AM
 #11

I guess I don't understand what you mean by "daily deal".  Do you mean that you would be adjusting the price daily based on the daily MtGox price?

Rip off.
Grant
Full Member
***
Offline Offline

Activity: 168



View Profile
June 15, 2011, 06:19:34 AM
 #12

Can we do a per minute contract ? Or per second, i'd like a contract for 20 seconds Wink

I think mining contracts only make sense for a longer period, so that you the seller get a discounted fixed fee (to protect yourself against market volatility) and the buyer gets the market price. Doing it daily doesn't seem to do any party any good and makes no sense.

minerops
Member
**
Offline Offline

Activity: 62



View Profile
June 15, 2011, 06:04:55 PM
 #13

it helps me since i'm looking to secure a portion of my mining investment (rather than selling all at once)

it helps whoever wants the coins since it allows a gradual investment into bitcoins (rather than buying all at once)

any other contract, such as the $60 dollar/month offer above is too safe for me Smiley since I believe the price to buy in to bitcoins will continue to increase.

also, if we assume the price increases over time, my daily deal allows an investor to have an edge against another huge price spike

JHJ 420
SgtSpike
Legendary
*
Offline Offline

Activity: 1344



View Profile
June 15, 2011, 06:26:09 PM
 #14

I'd be surprised if you find someone who wants to pay you $3-$4/day for 0.2BTC.  Just seems silly, IMO.  But good luck with the search.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!