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Author Topic: HK mining contract  (Read 5326 times)
nakowa
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June 15, 2011, 07:24:31 AM
 #1

    PM me or email me for further discuss.
    請PM我或者發email給我,與我進一步商談。


    http://21bitcoin.com/mining-contract

    English

    Rig Specifics:
    • GPU: ASUS Radeon HD 6990 (overclock disabled)
    • Operation system: Ubuntu 11.04 64
    • Minerware: poclbm
    • Working: 7X24


    Rental Price:
    • 1Gh/s 3 months: $1900
    • 1Gh/s  6 months: $3700
    • 1Gh/s 12 months: $7200
    • Days calculating according to calendar

    Advantages compared to owning rig(s) yourself:
    • no heat
    • no noise
    • no risk
    • no electricity charges
    • no power capacity deficiency
    • no setup efforts
    • no maintaining troubles
    • no bad luck
    • no interrupts of any kind
    • ... and steady BTC income!

    update 2011-06-15
    1 year contract guarantee against risk:
    If you want your money back, just pay me back all of BTC you've mined in this year.


    中文

    礦機參數:
    • GPU: ASUS Radeon HD 6990 (overclock disabled)
    • 操作系統: Ubuntu 11.04 64位
    • 挖礦軟件: poclbm
    • 運作時間: 7X24

    租金:
    • 1Gh/s 3 月: $1900 or ¥12500
    • 1Gh/s  6 months: $3700 or ¥24000
    • 1Gh/s 12 months: $7200 or ¥46500
    • (日期按照日曆計算)

    相對自己裝礦機的好處:
    • 沒有散熱問題
    • 沒有噪音困擾
    • 沒有風險
    • 沒有電費
    • 沒有供電不足問題
    • 沒有安裝麻煩
    • 沒有維護困難
    • 沒有壞運氣
    • 沒有任何中斷可能
    • ... 的同時卻有穩定的 BTC 收入!

    更新 2011-06-15
    1年期合約風險規避:
    合同到期,可你卻想退款,只需要返還當年獲得的所有BTC即可。[/list]
    1481388851
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    sirj
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    June 15, 2011, 07:26:33 AM
     #2

    no 6990? Weak.
    mellowhead
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    June 15, 2011, 07:36:16 AM
     #3

    Payment up front, or at the end of each month?

    11 Cheers for binary currency!
    1BxQsmtVtzJD9uEe5MxcyqFaohpgb76ohs
    nakowa
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    June 15, 2011, 07:48:02 AM
     #4

    no 6990? Weak.

    sorry, that's a typo. the gpu is 6990. otherwise, 2 cards cannot generate speed more 1gH/s...
    nakowa
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    June 15, 2011, 07:49:15 AM
     #5

    Payment up front, or at the end of each month?

    Payment up front, I think you should know btc value will be rise up too soon sometimes...
    Scientician!
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    June 15, 2011, 07:56:57 AM
     #6

    no 6990? Weak.
    The cards he's using should make no difference to you whatsoever (even though he IS using 6990s). 1 Ghash = 1Ghash whether or not it came from 1.5 6990s worth of flops or a hundred 1900XTs..

    At current exchange rates, it looks like Vladimir might have some serious competition in the newly emergent mercenary miner market!

    Nakowa is more than $100/mo. cheaper!

    DamienBlack
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    June 15, 2011, 09:19:31 AM
     #7

    Cool service, but I don't see how I could make a profit with this unless I'm banking on bitcoin prices rising dramatically. If I'm counting on the raise in price, I feel like I would make the choice to invest directly in bitcoins.

    $1900 could buy me about 95 bitcoins today. 1 Gh/s would give me about 1 bitcoin a day at the new difficulty taking effect in about 3 hours (about 868,000). So if the difficulty stays _completely_flat_ for the next three months, I'll only make 90 bitcoins. But we know that the difficulty is rising, so the most we could count on is about 50, and even that is pushing it.

    I don't mean to disparage your services on your own thread, I'm sorry. But the numbers just don't add up for me. Does this make sense for anyone else? Unlike investing in mining equipment, you don't even get resell money. Am I missing anything? Can anyone give insight on why you would choose to do this?

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    nakowa
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    June 15, 2011, 09:23:57 AM
     #8

    Cool service, but I don't see how I could make a profit with this unless I'm banking on bitcoin prices rising dramatically. If I'm counting on the raise in price, I feel like I would make the choice to invest directly in bitcoins.

    $1900 could buy me about 95 bitcoins today. 1 Gh/s would give me about 1 bitcoin a day at the new difficulty taking effect in about 3 hours (about 868,000). So if the difficulty stays _completely_flat_ for the next three months, I'll only make 90 bitcoins. But we know that the difficulty is rising, so the most we could count on is about 50, and even that is pushing it.

    I don't me to disparage your services on your own thread, I'm sorry. But the numbers just don't add up for me. Does this make sense for anyone else?


    Direct buying is clearly an option, but that doesn't necessarily mean no one wants to mine, albeit the difficulty is rising.

    One other point:in many countries outside US, buying BTC is not as easy as you can imagine, at least not easier than direct mining. Smiley
    DamienBlack
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    June 15, 2011, 09:25:49 AM
     #9

    Direct buying is clearly an option, but that doesn't necessarily mean no one wants to mine, albeit the difficulty is rising.

    One other point:in many countries outside US, buying BTC is not as easy as you can imagine, at least not easier than direct mining. Smiley

    Ah, thank you. That is a good point. The price is a lot higher in some other currencies too, when converted. I didn't take that into account.

    I would say that the cost for this service (the three month plan at least), at this exact moment, seems to be about $45 a bitcoin. It depends heavily on future difficulty rises and only applies right now. I'm estimating at about 35% rises in difficulty, which might be low. If difficulties goes up slower, the price goes down. More difficulty? The price goes up.

    Again, cool service.

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    Support the bitcoin economy, what do you do?
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    AnonymousBat
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    June 15, 2011, 09:26:34 AM
     #10

    Cool service, but I don't see how I could make a profit with this unless I'm banking on bitcoin prices rising dramatically. If I'm counting on the raise in price, I feel like I would make the choice to invest directly in bitcoins.

    $1900 could buy me about 95 bitcoins today. 1 Gh/s would give me about 1 bitcoin a day at the new difficulty taking effect in about 3 hours (about 868,000). So if the difficulty stays _completely_flat_ for the next three months, I'll only make 90 bitcoins. But we know that the difficulty is rising, so the most we could count on is about 50, and even that is pushing it.

    I don't mean to disparage your services on your own thread, I'm sorry. But the numbers just don't add up for me. Does this make sense for anyone else? Unlike investing in mining equipment, you don't even get resell money. Am I missing anything? Can anyone give insight on why you would choose to do this?

    It doesn't make sense to me either. I'm fairly sure he's pricing it just below the bitcoin costs.

    He can't go too low because then it's just more profitable for him to mine the coins himself, and the risk just isn't worth the reward for the buyer in my humble opinion.
    triforcelink
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    June 15, 2011, 09:36:28 AM
     #11

    Cool service, but I don't see how I could make a profit with this unless I'm banking on bitcoin prices rising dramatically. If I'm counting on the raise in price, I feel like I would make the choice to invest directly in bitcoins.

    $1900 could buy me about 95 bitcoins today. 1 Gh/s would give me about 1 bitcoin a day at the new difficulty taking effect in about 3 hours (about 868,000). So if the difficulty stays _completely_flat_ for the next three months, I'll only make 90 bitcoins. But we know that the difficulty is rising, so the most we could count on is about 50, and even that is pushing it.

    I don't mean to disparage your services on your own thread, I'm sorry. But the numbers just don't add up for me. Does this make sense for anyone else? Unlike investing in mining equipment, you don't even get resell money. Am I missing anything? Can anyone give insight on why you would choose to do this?

    It doesn't make sense to me either. I'm fairly sure he's pricing it just below the bitcoin costs.

    He can't go too low because then it's just more profitable for him to mine the coins himself, and the risk just isn't worth the reward for the buyer in my humble opinion.

    agreed. maybe a change in terms could make this more attractive, such as a guarantee to at least get your money back. if bitcoin goes down, op will at least have his equipment.

    low risk low reward

    nakowa
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    June 15, 2011, 11:16:18 AM
     #12


    agreed. maybe a change in terms could make this more attractive, such as a guarantee to at least get your money back. if bitcoin goes down, op will at least have his equipment.

    low risk low reward


    Smiley just update the contract info as you suggested.
    nakowa
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    June 15, 2011, 11:17:32 AM
     #13

    Cool service, but I don't see how I could make a profit with this unless I'm banking on bitcoin prices rising dramatically. If I'm counting on the raise in price, I feel like I would make the choice to invest directly in bitcoins.

    $1900 could buy me about 95 bitcoins today. 1 Gh/s would give me about 1 bitcoin a day at the new difficulty taking effect in about 3 hours (about 868,000). So if the difficulty stays _completely_flat_ for the next three months, I'll only make 90 bitcoins. But we know that the difficulty is rising, so the most we could count on is about 50, and even that is pushing it.

    I don't mean to disparage your services on your own thread, I'm sorry. But the numbers just don't add up for me. Does this make sense for anyone else? Unlike investing in mining equipment, you don't even get resell money. Am I missing anything? Can anyone give insight on why you would choose to do this?

    It doesn't make sense to me either. I'm fairly sure he's pricing it just below the bitcoin costs.

    He can't go too low because then it's just more profitable for him to mine the coins himself, and the risk just isn't worth the reward for the buyer in my humble opinion.

    agreed. maybe a change in terms could make this more attractive, such as a guarantee to at least get your money back. if bitcoin goes down, op will at least have his equipment.

    low risk low reward


    just updated the contract info as you suggested.
    DamienBlack
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    June 15, 2011, 12:08:51 PM
     #14

    Quote from: nakowa link=topic=17208.msg221313#msg221313
    update 2011-06-15
    [b
    1 year contract guarantee against risk[/b]:
    If you want your money back, just pay me back all of BTC you've mined in this year.

    Now _that_ is a good idea. The offer seems much more appealing now. Makes sense to me. Low risk, low gain, unless bitcoins go way up, then gain for everyone.

    I trade bitcoin options at https://bitoption.org/ ... Join me.
    I play poker at https://betco.in/ ... Join me.
    Support the bitcoin economy, what do you do?
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