Mhash/s for rent

[fortismilites]

Im renting out 350 Mhash/s for 1.8 BTC per week. pm me or post here for more info.

[1714864976]

1714864976

[Reikoku]

0.05 per MH/sec? That's very expensive.

[fortismilites]

0.05 per MH/sec? That's very expensive.

I looked up some more prices and adjusted it to market average of 1.8 BTC week for full 350 Mhash/s ( compared to 2 BTC that ive seen with other people)

[Sannyasi]

that will produce about .23 a day or 1.61 a week at current difficulty

[Duffman]

350MHash/s*10^6Hash/MHash*60s/min*60min/h*24h/d*7d/wk*Block/(1379223.4296725*2^32)Hash*50BTC/Block=
1.7867152481724483147159317204098 BTC/wk

if the difficulty is expected to go down to 1369044 or lower, this is worth it; if it isn't, then its not worth it.

[CNMOH]

You can't expect him to pay more than he produces, that wouldn't exactly be profitable.

[lemonginger]

why would someone pay X bitcoins for Y amount of bitcoins if Y<X?

[BtcNmcMiner]

why would someone pay X bitcoins for Y amount of bitcoins if Y<X?

For the same reason that is always referenced when this question is asked. To get freshly mined bitcoins, no risk of ending up with stolen or illegally tainted bitcoins if they come direct from mining. This is worth a premium to some people.

[Reikoku]

why would someone pay X bitcoins for Y amount of bitcoins if Y<X?

For the same reason that is always referenced when this question is asked. To get freshly mined bitcoins, no risk of ending up with stolen or illegally tainted bitcoins if they come direct from mining. This is worth a premium to some people.

This is the main reason, yes. Bitcoins without a history are worth more to some people.