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Author Topic: Is this ebay mining contract worth it?  (Read 3074 times)
superbit
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September 04, 2013, 04:13:09 PM
 #1

It seems like a pretty reasonable deal to me.

http://www.ebay.com/itm/20-GH-s-out-of-2-TH-s-Bitcoin-ASIC-miner-with-Hosting-Not-BFL-Butterfly-Labs-/181209464986?ssPageName=ADME:X:RTQ:US:1123

https://bitfinex.com/?refcode=UInJLQ5KpA <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with the refcode
My feedback thread: Forum thread
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infested999
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September 04, 2013, 04:22:20 PM
 #2

eBay is a nightmare for dealing with non-physical items. I can't imagine the trouble when you sell something that's not even an item!

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pedrog
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September 04, 2013, 04:36:05 PM
 #3

Not a good deal.

I had to guess some numbers, I didn't find the duration of the "contract", or the Watt per GHash.

Here:

http://mining.thegenesisblock.com/a/9224e4a521

superbit
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September 04, 2013, 04:43:14 PM
 #4

Not a good deal.

I had to guess some numbers, I didn't find the duration of the "contract", or the Watt per GHash.

Here:

http://mining.thegenesisblock.com/a/9224e4a521

Nice analysis, thanks!

https://bitfinex.com/?refcode=UInJLQ5KpA <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with the refcode
My feedback thread: Forum thread
Perseus353
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September 06, 2013, 10:35:57 AM
 #5

He's probably reselling a Cloudhashing contract -- who start their payouts in September when the KNC rig goes live. After December, 20 GH/s will be a lot less profitable than in these crucial first few months of September-November.

Moreover, Cloudhashing has a revenue reinvestment programme to keep their contracts profitable for clients -- and the seller is not passing this on in his offer.

So no, not a good deal at all.

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