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[Vladimir]

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[FreeMoney]

Very interesting. Once we pay the set up fee can we transfer rights to the calcs? Is the set up fee one time only? Can we go for 3 or 10 years?

I realize you are the only one selling in bulk like this now, but is there any reason to think you have good permanent efficiencies compared to future possible providers? Like cheap electricity, the most efficient cards or something else?

Is there a possibility of you selling some small capacity with with no start up cost, but a higher monthly rate? This would allow you to take some small customers like myself without us having to form little unions.

[Anonymous]

http://bitcointalk.org/index.php?topic=2884.0



You might be interested in this freemoney.

[Vladimir]

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[Vladimir]

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[Sultan]

Would this kind of setup (on current difficulty) find a block or two every single day?

[Vladimir]

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[dingus]

So for ~$300 a month you get about double the hashes/s than a single 5970?

[Vladimir]

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[nanotube]

nice service, and i wish you best of luck with it.

but for your information:

190*12+1600 gbp = 3880 gbp = 6176 usd

at 6176 usd, at a price of .4 usd, you can get 15440 btc

at 1 ghps, with current difficulty, avg time per block is about 1 day. so you can generate 365 blocks per year with this, or 365*50 = 18250 btc

however, difficulty will almost certainly go up from where it is now. in fact, at the next estimated difficulty of 22037.22945411, your expected yearly generation at 1ghps is already down to 16590 btc or so.

so, it seems a better deal, if you have the 3880 gbp to spend on this, to just buy bitcoins on the marketplace at current market price.

[Vladimir]

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[FreeMoney]

nice service, and i wish you best of luck with it.

but for your information:

190*12+1600 gbp = 3880 gbp = 6176 usd

at 6176 usd, at a price of .4 usd, you can get 15440 btc

at 1 ghps, with current difficulty, avg time per block is about 1 day. so you can generate 365 blocks per year with this, or 365*50 = 18250 btc

however, difficulty will almost certainly go up from where it is now. in fact, at the next estimated difficulty of 22037.22945411, your expected yearly generation at 1ghps is already down to 16590 btc or so.

so, it seems a better deal, if you have the 3880 gbp to spend on this, to just buy bitcoins on the marketplace at current market price.

Thank You.

Though, your calculations are off by more than 10%. Moreover, try to buy that many BTC on open market and price will rise way over 0.5$

Barely over .50 actually. There are 20k BTC at .51 on mtgox atm.

On the other hand if there is a lull you could pick up extra blocks at lower difficulty with this service. Not that I think that's likely. Another perk is that you will probably get a few fees, more if things really start popping.

[Vladimir]

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[FreeMoney]

... try to buy that many BTC on open market and price will rise way over 0.5$

Barely over .50 actually. There are 20k BTC at .51 on mtgox atm.

On the other hand if there is a lull you could pick up extra blocks at lower difficulty with this service. Not that I think that's likely. Another perk is that you will probably get a few fees, more if things really start popping.

correct, though imagine for a second that  you are not only one market participant buying  

anyway my prices are based not so much on current price of BTC but on cost of running the service.

Sure, even if you try to get it in one shot I imagine some buys might be triggered automatically or something. Of course there could be a lot of dark pool offers in there too. And of course you can do it on multiple markets. No certainties for sure.

[BitLex]

anyway my prices are based not so much on current price of BTC but on cost of running the service.

it's still a quite expensive service.

being located in one of those countries that "..are at the end of the list.." (~$0.29US per kWh) i'm always looking for alternatives to mining-on-my-own-at-home.

nevertheless just building a brand new dual-5970-system and running it on my own would still be a lot cheaper than your offer, actually i could run up to 4x 5970 for the same (monthly) price, paying twice as much for energy than you do (according to your post here).

[Vladimir]

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[Mahkul]

Bitlex,

  Good point. Though.. Have you used in your calculations only cost of  eneregy? Are there taxes in your country? Are you going to house your servers in open field by an electricity pole? Would you spend no time on all of this? Would you expect no expenses other than hardware and electricity? Feel free to build a biz plan based on such assumptions and compete with me. I'll be happy to provide a refuge to your running customers once you go belly up.

That's true, but building PCs is fun.

[BitLex]

of course i need housing, a connection and stuff,
still energy is the most expensive part.

and when i look for alternatives because of my high energy-costs (i don't wanna compete, hopefully some others will), i won't take those that are even more expensive.  

[Vladimir]

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[Vladimir]

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