Bitcoin Forum
November 20, 2017, 05:43:16 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: 1 2 [All]
  Print  
Author Topic: Renting 550 mh/s short term contract  (Read 4409 times)
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 17, 2011, 12:36:30 AM
 #1

Renting my 550+ mh/s rig for minimum 2 weeks, max 4 weeks. Prices are below. Guaranteed 100% uptime, delivered to a pool of your choice. No hassles, just instant mining. Start now before the next difficulty raise. No waiting for components, building the rig, paying for electricity, etc.

Rent my 800 + mh/s rig. PM me!
1511199796
Hero Member
*
Offline Offline

Posts: 1511199796

View Profile Personal Message (Offline)

Ignore
1511199796
Reply with quote  #2

1511199796
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511199796
Hero Member
*
Offline Offline

Posts: 1511199796

View Profile Personal Message (Offline)

Ignore
1511199796
Reply with quote  #2

1511199796
Report to moderator
1511199796
Hero Member
*
Offline Offline

Posts: 1511199796

View Profile Personal Message (Offline)

Ignore
1511199796
Reply with quote  #2

1511199796
Report to moderator
Rob P.
Member
**
Offline Offline

Activity: 84



View Profile WWW
June 17, 2011, 12:43:06 AM
 #2

Renting my 550+ mh/s rig for minimum 2 weeks, only $250 for 2 weeks. Guaranteed 100% uptime, delivered to a pool of your choice. No hassles, just instant mining. Start now before the next difficulty raise. No waiting for components, building the rig, paying for electricity, etc.

550 mh/s:  0.5 BTC / day (at current difficulty, which will go UP in 9 days (on a PPS Pool))
Total BTC in 14 days:  7
1 BTC = $18 USD
7 BTC = $126 USD

Just saying.

--

If you like what I've written here, consider tipping the messenger:
1GZu4CtHa6ai8iWoWiVFxV5VVoNte4SkoG

If you don't like what I've written, send me a Tip and I'll stop talking.
Sukrim
Legendary
*
Offline Offline

Activity: 2184


View Profile
June 17, 2011, 12:44:51 AM
 #3

550MH/s give at current difficulty ~0.63 BTC/day
0.63 BTC/day * 14 days = 8.82 BTC
250/8.82 = 28.34 USD/BTC

Interesting price you have there!

This does not even factor in the difficulty increase that is likely to happen before these 2 weeks end.

To get these 8.82 BTC (well, you will get even less with your offer... anyways!) I can either pay ~160 USD at MtGox and have them at once or pay 250 USD and get them in 2 weeks.

 Roll Eyes

Sometimes I wonder if basic math is even tought at schools nowadays...

Edit: Oh another one! Wink
0.5 is a bit low for 550MH/s, even with the 10% PPS fee at deepbit

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
Rob P.
Member
**
Offline Offline

Activity: 84



View Profile WWW
June 17, 2011, 12:59:12 AM
 #4

Edit: Oh another one! Wink
0.5 is a bit low for 550MH/s, even with the 10% PPS fee at deepbit

I was just using integers.  Wink

Now, if he'd charge $100...

--

If you like what I've written here, consider tipping the messenger:
1GZu4CtHa6ai8iWoWiVFxV5VVoNte4SkoG

If you don't like what I've written, send me a Tip and I'll stop talking.
Sukrim
Legendary
*
Offline Offline

Activity: 2184


View Profile
June 17, 2011, 01:07:15 AM
 #5

Well, then he'd be making himself a bad deal, if he believes that the price would hold.
If he doesn't then he wouldn't be mining in the first place.

I call it the miner's dilemma! Wink

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 17, 2011, 03:15:28 PM
 #6

Price adjusted accordingly for dropping price and rising difficulty.

Rent my 800 + mh/s rig. PM me!
anatolikostis
Legendary
*
Offline Offline

Activity: 1988



View Profile
June 17, 2011, 04:36:02 PM
 #7

Just for fun  Grin Grin Grin
I have 1.8 Ghash rig - so... anybody for 600 USD  Roll Eyes Roll Eyes Roll Eyes
Rob P.
Member
**
Offline Offline

Activity: 84



View Profile WWW
June 17, 2011, 04:55:49 PM
 #8

Price adjusted accordingly for dropping price and rising difficulty.

You're still more than 50% above what someone is going to earn.
They can just buy, at today's price, 13 BTC for $200.
Or they can pay you, wait two weeks, and earn 8, with no guarantees that they will actually earn 8, or that your rig will be 100% of the time.

Why would anyone do this?

--

If you like what I've written here, consider tipping the messenger:
1GZu4CtHa6ai8iWoWiVFxV5VVoNte4SkoG

If you don't like what I've written, send me a Tip and I'll stop talking.
lemonginger
Full Member
***
Offline Offline

Activity: 210


firstbits: 121vnq


View Profile
June 17, 2011, 05:24:23 PM
 #9

I will rent for $50 for 2 weeks as I think value of bitcoins is actually somewhere around $10 range. that gives me $20 profit.
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 17, 2011, 06:31:44 PM
 #10

$75....

Rent my 800 + mh/s rig. PM me!
lemonginger
Full Member
***
Offline Offline

Activity: 210


firstbits: 121vnq


View Profile
June 17, 2011, 06:50:13 PM
 #11

sure I will do $75
Adam
Full Member
***
Offline Offline

Activity: 238


View Profile
June 17, 2011, 08:08:09 PM
 #12

Short term leasing makes no sense to me.  Leases could be seen as a way to bet for or against the long-term movements in the value of bitcoins or in the difficulty of mining them, but over two weeks you're basically just talking about a loan paid back in bitcoins.  If you will guarantee mining 7 bitcoins over two weeks, which are currently worth $100, why would you sell it for $75? That's 33% interest in two weeks.  Go to a pawn shop if you're that hard up, otherwise wait it out and collect $100 in two weeks.

BattleTitans.io  ▼  Mobile PvP Arena of the Future  ▼  BattleTitans.io
The Most Promising ICO in October    [Join Now!]

▼  [FB]  ▬  [TW]  ▬  [TG]  ▬▬▬  [YU]  ▼
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 17, 2011, 09:01:48 PM
 #13

You're also betting against difficulty raises and prices...

Rent my 800 + mh/s rig. PM me!
lemonginger
Full Member
***
Offline Offline

Activity: 210


firstbits: 121vnq


View Profile
June 17, 2011, 09:05:31 PM
 #14

I think the proper term is a hedge, esp if you are mining with another 3500mh/s
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 17, 2011, 09:19:08 PM
 #15

Whatever... Just looking for a stable payout, and this way let's people experience mining hassle free. I'll ask my first buyer how he likes it.

Rent my 800 + mh/s rig. PM me!
Zeth
Newbie
*
Offline Offline

Activity: 26


View Profile
June 18, 2011, 02:31:13 AM
 #16

I have a 750mh/s rig and I know this is a bad deal.
lemonginger
Full Member
***
Offline Offline

Activity: 210


firstbits: 121vnq


View Profile
June 18, 2011, 02:58:22 AM
 #17

So far everyone got what that wanted. Thanks for a quick and easy setup OP. Will report back in a day or so about what speeds and uptime I am getting.
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 18, 2011, 01:56:28 PM
 #18

Sounds good.

Rent my 800 + mh/s rig. PM me!
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 19, 2011, 02:15:18 PM
 #19

Another 300 mh/s rig online within a week. Make an offer if you're interested. 2-4 weeks contracts. They are selling fast, so PM me now!

Rent my 800 + mh/s rig. PM me!
lemonginger
Full Member
***
Offline Offline

Activity: 210


firstbits: 121vnq


View Profile
June 19, 2011, 03:54:24 PM
 #20

I am happy with uptime so far. no problems with OP. would recommend.

aceman, i might be interested in taking on more mhashes, will let you know.
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 19, 2011, 08:59:10 PM
 #21

Ok guys, due to a large demand with so many people PMing me I am slightly raising prices in hopes of thinning out the flock. I believe these new prices are quite fair and leave plenty of room for profit for you guys. Availibility update: 550 mh/s currently taken for 2 weeks, next opportunity for a contract is next Saturday. The price per 2 weeks is $80. 300 mh/s will be online in about a week. The price is $50 per 2 weeks. Post here if you want either of these rigs. First person to post how long he/she wants the rig gets the contract. Each customer may have the rig for a max of 4 weeks if there is a waiting list. Payment should be in PP or Dwolla, although exceptions can be made. Thanks guys!

Rent my 800 + mh/s rig. PM me!
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 20, 2011, 07:48:31 PM
 #22

Bumpage... The 300 mh/s should be ready by Thursday or sooner.

Rent my 800 + mh/s rig. PM me!
peedee
Newbie
*
Offline Offline

Activity: 28


View Profile
June 21, 2011, 11:04:26 PM
 #23

Bumpage... The 300 mh/s should be ready by Thursday or sooner.

Just sent you a PM to request the 300 mh/s for the first 2 weeks.
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 21, 2011, 11:32:20 PM
 #24

You got it. The card is supposed to be arrive tomorrow.

Rent my 800 + mh/s rig. PM me!
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 24, 2011, 12:29:06 PM
 #25

Update:
I reduced the overclock on the 550, so it's closer to 525 mh/s. Price is now $72 per 2 weeks. Contract is available for claim now, and will start July 3rd.
The 300 mh/s rig is taken, currently waiting on a new cable for it.

Rent my 800 + mh/s rig. PM me!
anatolikostis
Legendary
*
Offline Offline

Activity: 1988



View Profile
June 24, 2011, 02:30:25 PM
 #26

Update:
I reduced the overclock on the 550, so it's closer to 525 mh/s. Price is now $72 per 2 weeks. Contract is available for claim now, and will start July 3rd.
The 300 mh/s rig is taken, currently waiting on a new cable for it.

first 8 days
1 - 0.32btc per day
2 - 0.32btc*8=2.56 untill next difficulty jump...
3 - 2.56btc*20=51.20USD untill next difficulty jump

second 8 days (keeping on mind next difficulty jump of about 40%)
1 - 0.19btc per day
2 - 0.19btc*8=1.54btc untill next difficulty jump
3 - 1.54btc*20=30.72USD untill next difficulty jump

what we have - 51.20+30.72=81.92USD for a 16 days
it`s interesting if 1btc costs 20USD... Roll Eyes
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 24, 2011, 04:45:00 PM
 #27

Update:
I reduced the overclock on the 550, so it's closer to 525 mh/s. Price is now $72 per 2 weeks. Contract is available for claim now, and will start July 3rd.
The 300 mh/s rig is taken, currently waiting on a new cable for it.

first 8 days
1 - 0.32btc per day
2 - 0.32btc*8=2.56 untill next difficulty jump...
3 - 2.56btc*20=51.20USD untill next difficulty jump

second 8 days (keeping on mind next difficulty jump of about 40%)
1 - 0.19btc per day
2 - 0.19btc*8=1.54btc untill next difficulty jump
3 - 1.54btc*20=30.72USD untill next difficulty jump

what we have - 51.20+30.72=81.92USD for a 16 days
it`s interesting if 1btc costs 20USD... Roll Eyes
If you're not interested in buying GTFO of my thread. My prices are competitive and final.

Rent my 800 + mh/s rig. PM me!
Sukrim
Legendary
*
Offline Offline

Activity: 2184


View Profile
June 24, 2011, 07:57:22 PM
 #28

If you're not interested in buying GTFO of my thread. My prices are competitive and final.
...and only useful vs. buying BTC directly, if BTC would be above 20 USD - as he calculated. Roll Eyes

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 24, 2011, 09:20:45 PM
 #29

If you're not interested in buying GTFO of my thread. My prices are competitive and final.
...and only useful vs. buying BTC directly, if BTC would be above 20 USD - as he calculated. Roll Eyes
I have had over 10 people interested in buying my services, and the only reason I haven't sold to all of them is because I can't keep up with demand. If my prices are "so bad," why wouldthis be generating that kind of interest? Trololololololol.

Rent my 800 + mh/s rig. PM me!
Sukrim
Legendary
*
Offline Offline

Activity: 2184


View Profile
June 25, 2011, 01:11:10 AM
 #30

If you're not interested in buying GTFO of my thread. My prices are competitive and final.
...and only useful vs. buying BTC directly, if BTC would be above 20 USD - as he calculated. Roll Eyes
I have had over 10 people interested in buying my services, and the only reason I haven't sold to all of them is because I can't keep up with demand. If my prices are "so bad," why wouldthis be generating that kind of interest? Trololololololol.
Because there are a lot of people with bad math skills out there obviously.

Also it's like buying something that's worth 200 USD for 250 USD and thinking you got a bargain, because others are charging 300 USD.

Anyways, after seeing your posts and nonconstructive/mildly aggressive behaviour I'm happy I didn't contact you with a sale offer in the first place. Have fun trolololololing. Roll Eyes

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 25, 2011, 01:30:06 AM
 #31

If you're not interested in buying GTFO of my thread. My prices are competitive and final.
...and only useful vs. buying BTC directly, if BTC would be above 20 USD - as he calculated. Roll Eyes
I have had over 10 people interested in buying my services, and the only reason I haven't sold to all of them is because I can't keep up with demand. If my prices are "so bad," why wouldthis be generating that kind of interest? Trololololololol.
Because there are a lot of people with bad math skills out there obviously.

Also it's like buying something that's worth 200 USD for 250 USD and thinking you got a bargain, because others are charging 300 USD.

Anyways, after seeing your posts and nonconstructive/mildly aggressive behaviour I'm happy I didn't contact you with a sale offer in the first place. Have fun trolololololing. Roll Eyes
Why don't you tale a look at other rentals, like Vladimirs?

Rent my 800 + mh/s rig. PM me!
bji
Member
**
Offline Offline

Activity: 112


View Profile
June 25, 2011, 02:01:29 AM
 #32


Because there are a lot of people with bad math skills out there obviously.


I don't know if the O.P.'s offer qualifies, but do deals like this produce bitcoins with no permanent record of who they were paid out to?  I personally would find value in paying a service to generate bitcoins on my behalf as long as they could not know what address the bitcoins were paid to.  In this way I could get bitcoins that could not be traced to me.

As it stands I have bought a few bitcoins on eBay, and I didn't get good rates on them but I don't really care, it wasn't an investment it was just for 'fun', but the thing is, since I had to pay via paypal and had to tell the seller the address to send the coins to, those coins can be traced back to me through the seller.

But if I could pay a service to generate coins without them having any idea who the coins pay out to (this would require that they not know the bitcoin address that the miner software will register coins to be paid to), well that would be a worthwhile service for me and one that I would pay more for.

The O.P. may be interested in considering this angle; set things up so that buyers can feel confident that the bitcoins can't be tracked back through you to them, and then add as a feature the fact that you're selling 'untraceable bitcoin generation services'.  Maybe you'll get more bites.

Or maybe not, who knows ...
Sukrim
Legendary
*
Offline Offline

Activity: 2184


View Profile
June 25, 2011, 11:36:45 AM
 #33


Because there are a lot of people with bad math skills out there obviously.


I don't know if the O.P.'s offer qualifies, but do deals like this produce bitcoins with no permanent record of who they were paid out to?  I personally would find value in paying a service to generate bitcoins on my behalf as long as they could not know what address the bitcoins were paid to.  In this way I could get bitcoins that could not be traced to me.

Th OP would have gotten money (USD) from you, so depending on your way of payment you are traceable by the OP, no matter if these are pool payouts, generated transactions or just from the OPs private wallet (as it would be currently far cheaper to just use the money to buy some BTC and send these to you over time than to actually mine!).

Also the OP will need a BTC adress from you to send the payments.

Why don't you tale a look at other rentals, like Vladimirs?
I already did - and he is also currently better off buying BTC and sending them in small amounts to his customers than to actually mine. Like nearly any currently offered mining contract out there!

If demand is really so high, I should start offering something like this myself! Shocked

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 26, 2011, 12:11:48 AM
 #34


Because there are a lot of people with bad math skills out there obviously.


I don't know if the O.P.'s offer qualifies, but do deals like this produce bitcoins with no permanent record of who they were paid out to?  I personally would find value in paying a service to generate bitcoins on my behalf as long as they could not know what address the bitcoins were paid to.  In this way I could get bitcoins that could not be traced to me.

As it stands I have bought a few bitcoins on eBay, and I didn't get good rates on them but I don't really care, it wasn't an investment it was just for 'fun', but the thing is, since I had to pay via paypal and had to tell the seller the address to send the coins to, those coins can be traced back to me through the seller.

But if I could pay a service to generate coins without them having any idea who the coins pay out to (this would require that they not know the bitcoin address that the miner software will register coins to be paid to), well that would be a worthwhile service for me and one that I would pay more for.

The O.P. may be interested in considering this angle; set things up so that buyers can feel confident that the bitcoins can't be tracked back through you to them, and then add as a feature the fact that you're selling 'untraceable bitcoin generation services'.  Maybe you'll get more bites.

Or maybe not, who knows ...

I can certainly do this. The bitcoins would be untraceable, and you could always bounce the Paypal payment off a thrid party and then use one the free untraceable email services for miner details.

Rent my 800 + mh/s rig. PM me!
chungenhung
Legendary
*
Offline Offline

Activity: 1134


View Profile
June 29, 2011, 04:24:39 AM
 #35

Did OP removed the price?

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
June 29, 2011, 12:58:02 PM
 #36

Did OP removed the price?
No, read through this page.

UPDATE: 525 will be available on Sunday morning. 300 is waiting on a new part, 1 person in line.

Rent my 800 + mh/s rig. PM me!
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
July 01, 2011, 02:30:42 PM
 #37

Both rigs available! 300mh/s and 525 mh/s are ready for customers!

Rent my 800 + mh/s rig. PM me!
aceman1011
Full Member
***
Offline Offline

Activity: 142


View Profile
July 02, 2011, 05:47:06 PM
 #38

Both are taken for 2 weeks!

Rent my 800 + mh/s rig. PM me!
Pages: 1 2 [All]
  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!