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Author Topic: [BUYING] 48 shares on Deepbit pool for 0.005BTC. Worlds smallest mining contract  (Read 1780 times)
k
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June 26, 2011, 12:41:29 PM
 #1

Hi,

I "mined" some shares using the deepbit pool with my cpu a few months ago when I first learned of bitcoin. I currently have 0.00845468 BTC in my deepbit account. I stopped mining a long time ago as even when I started and the difficulty was much lower than today it didn't make sense. I knew that at the time and was basically just trying it out for the fun.

The minimum payment out of deepbit is 0.01BTC. So that 0.00845468 BTC is likely to be trapped there forever. I was thinking I could offer someone half of the 0.01BTC to mine the shares to bring my account up to the necessary amount to make a withdrawal. It's not really for the BTC as it's some pathetic amount like <$0.10 but more for the principle and for the fun and being able to say you were involved in the worlds smallest (probably) bitcoin mining contract.

How will this work:

I'll set up a pay-per-share worker.
Currently according to the deepbit site
Quote
Pay per share: 0.00003262705594458 BTC per every sumbitted share
So I calculate that I'll need 48 shares to bring my balance up to 0.01 BTC.

If you are interested then reply below. I'll pm you with the deepbit miner login and password. When you generate 48 (non-stale) shares and my balance goes >0.01 BTC you can stop mining for me. Then I'll send you 0.005 BTC (i'll pay the tx fee). Hopefully then I can withdraw the 0.01BTC from deepbit.

any questions or comments let me know.
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June 26, 2011, 04:31:48 PM
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thanks Monoquark,

sent you a pm. would definitely like to send you the 0.005 BTC payment though as part of what makes this interesting is having the anecdote of having participated in a micro-payment contract.

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June 26, 2011, 07:52:18 PM
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yeah thanks. enjoyed it.
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