Mining Contract (.2 BTC per day)

[minerops]

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

[SomeoneWeird]

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]

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

[SomeoneWeird]

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]

I'll give you $60 for 0.2 BTC/day for a month.

[minerops]

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

[SgtSpike]

Why wouldn't I just buy the coins straight off of MtGox then?

[minerops]

To protect against possible spikes or dips

[minerops]

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

[SgtSpike]

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]

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]

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

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]

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 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

[SgtSpike]

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.