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Author Topic: 1GHash/s $1200 for 3 months  (Read 1279 times)
chungenhung
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June 29, 2011, 04:36:41 AM
 #1

I am offering 1GHash/s mining for $1200 for 3 months.
3 months is the minimum, as I will need to rent some place to house the rigs. The shortest rental is 6 months, but I will take the risk if no one wants to buy my service after the 3 months.
Would need to get at least 4 people to get this started.
Please don't criticize my price based on current BTC price, or future difficulty, as those cannot be predicted with accuracy.
If you are going to make some bad comments, think if you will be willing to do $400/month/Ghash. If yes, I might be interested in buying your contract.
I do welcome comments though.
The reason for the 3 month contract is so that you and I will each take part in the risk, either due to market condition or difficulty. Furthermore, not everyone cares only about making profit.
BTC will be paid out every few days directly to your wallet, so it will appear as if there is no down time.
Calculation will be based on this site http://www.alloscomp.com/bitcoin/calculator.php

I think $400 per month is reasonable, taking into account PC electric cost, PC cost, rent, cooling cost, babysit the machines, potential downtime due to storm or 120F hot weather.
Note that I have enough BTC now even if the machines blow up, I will still be able to pay out everyday.
I can accept more contracts than what I currently have, but if machine do blow up, and I had to stop the BTC payments, I will also refund your $ based on how many days you have left in your contract.

As an added bonus for the world community, I will use Core i7 as my main CPU on all the machines, which will be running Folding@Home to benefit humanity.
All of my current machines run mining, F@H, and BOINC projects.

My feedback can be checked at www.heatware.com. Search for chungenhung.
Will be back with more details.
Again, comments are welcome.

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chungenhung
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June 29, 2011, 04:28:00 PM
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removed

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June 29, 2011, 04:29:58 PM
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When would the mining actually start?  It sounds like you don't have the systems in hand yet.  But call me interested...
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June 29, 2011, 04:31:09 PM
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i'm interested as well. lmk when you have a plan written up.

Edit:

in addition, i'd like it if you could just direct the few cards to directly mine for my workers.

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June 29, 2011, 04:35:42 PM
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ok, so it seems that there is no response.
would anyone take 1GHash for $100 per month?
$400 per month now down to $100... am I missing something here?  Huh

chungenhung
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June 29, 2011, 07:36:28 PM
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ok, so it seems that there is no response.
would anyone take 1GHash for $100 per month?
$400 per month now down to $100... am I missing something here?  Huh
That was me trying to test if this thread will get any response at all. Apparently it does.
And no, It will not be $100, but $400.

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
chungenhung
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June 29, 2011, 07:37:16 PM
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When would the mining actually start?  It sounds like you don't have the systems in hand yet.  But call me interested...
I have a few systems at hand.
It wouldn't matter to you anyways, because I will be paying BTC directly, not mining directly for you.

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
chungenhung
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June 29, 2011, 07:38:31 PM
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i'm interested as well. lmk when you have a plan written up.

Edit:

in addition, i'd like it if you could just direct the few cards to directly mine for my workers.
But then it would be VERY HARD to hit 1GHash/s precisely.
Also, the system do have down times. I shut them off during extreme thunderstorms.

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
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