4TH hashing power, what to do with it.

[EfterlysT]

I have ordered two Cointerra TerraMiner IV miners and now i am thinking about the best way to get the most out of them. I will probarly get them shipped out late December or early January.
Before i ordered them my idea was to start up a little mining contract business but there is always nice to get other inputs before starting something up.

What had YOU done with this hardware ?

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[greyhawk]

You could produce youtube videos where you threaten to smash the things up with a sledge hammer and then take bribes to not do it. Chances are you'll get quicker rich than by running the things.

[frankenmint]

You could produce youtube videos where you threaten to smash the things up with a sledge hammer and then take bribes to not do it. Chances are you'll get quicker rich than by running the things.

lol that's a play on madbitcoins crowd-funding campaign to talk bitcoin and spread the message through his YouTube channel

By the way, Congratulations that is a lot of hashpower...his idea is genius by the way, good job greyhawk.  Do both, give dividends, issue shares, maybe keep half or more of your shares to you only...get it listed on bitfunder or litecoinglobal(if you're into that thing).

[Buffer Overflow]

I would take a higher gamble and mine PPCoin with them instead of Bitcoin.

Or

Mine Bitcoin + merge mine all the other sha256 coins at same time.

[Tad3j]

I think the best way to get as much as possible out of it is to sell shares. For example if You sell 1 share for BTC1.5, and you make available 100 share (20GH per share), You get at the end BTC150, in compared to now of paying BTC114 for One CoinTerra IV. This is also quiet beneficially because there will be allways new people who start to get involved in BTC.

The second think is, as You allready propose, to open contract mining bussines. I was also thinking of this version for myself and with some specific phisically overthinked offers. Since my goal is to decentralize BTC and inform about BTC as much people as I can, to help maintain the price of BTC.

The third thing is, to mine for yourself or get someone to host the miners for You and that is prepare to pay for electricity, in return for some shares or even for free.

If You are interested in hosting and contract mining bussines to sell shares in a far more speciffic offers than usually, please let me know. I am trying to open a bussines here down in central Europe myself. I can provide the electricity and internet connection. Every details on PM.

Greetings, Tad

[rammy2k2]

dont get involved in shares thingie ... u dont want to work with people ... trust me, mine for yourself only

[b!z]

Solomine. :-)

[Keldel]

Solomine and protect the bitcoin network! You'll also save on pool fees.

Thank you very much!

[Buffer Overflow]

Your better off using p2pool than solomining. That old thing ain't gonna mine jack soon.

[bbxx]

Solomine. :-)

in january solomining with 4TH will be pointless

like playing dice every day

[zvs]

sell the preorders ?

i assume ppl are still paying like 3x+ value on these asics

[EfterlysT]

Thanks for the inputs.

What i am thinking of is that we are probably looking at difficulty levels at around 900 000 000 - 1 000 000 000 late December. And the smaller miners will probably start thinking about shutting down.
If someone starts to offer descent contracts on "in hands" hardware with descent prices more people would be able to continue earning coins.

The cloud sites that started to sell contracts before even having their hardware in hands have given this sort of business bad reputation and that is a shame

WHY start selling stuff that you MAYBE will get in time ? Pretty greedy imo.

[OgNasty]

p2pool

+1

[AndrewWilliams]

I would just mine for myself. Once you get into shares it pollutes the integrity of the whole thing IMO. But that's just me


Take a picture of you wearing a mink coat, sitting in an ornate chair, next to your two TerraMiners, with a white cat in your lap holding a gold cup full or gems and diamonds, laughing at all the peons and common people.


That is power my friend, that is real power.