AmDD
Legendary
Offline
Activity: 1027
Merit: 1005
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November 25, 2013, 11:36:30 PM |
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What kind of escrow would you be OK with and do you offer any kind of uptime guarantee?
No escrow......my trading reputation is unquestioned and the contract will be honored as stated with no issues whatsoever. I guarantee an average 110,000 KH/s for 30 days. Any downtime will be compensated out of my own pocket. Can you give clear reasons on why you are doing this ? Clearly you can get more than $20k in the same period, are you needing $20k right now ? Risk. If he mines for a month there is a chance the price of LTC will drop to nothing and he could loose out. However, if you rent his rigs for a month at a flat rate then he is guaranteed to make $20k while you take the risk. The flip side is also true where the price of LTC could go way up and he would 'only' get $20k, but the $20k is still guaranteed.
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BTC tip jar: 18EKpbrcXxbpzAZv3T58ccGcVis7W7JR9w LTC tip jar: Lgp8ERykAgx6Q8NdMqpi5vnVoUMD2hYn2a
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solidshotnosh
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November 26, 2013, 12:37:46 AM |
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What kind of escrow would you be OK with and do you offer any kind of uptime guarantee?
No escrow......my trading reputation is unquestioned and the contract will be honored as stated with no issues whatsoever. I guarantee an average 110,000 KH/s for 30 days. Any downtime will be compensated out of my own pocket. Can you give clear reasons on why you are doing this ? Clearly you can get more than $20k in the same period, are you needing $20k right now ? Volatility newfriend.
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ar9
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November 26, 2013, 01:27:21 AM |
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Can you provide any pictures? I can't even imagine what you're mining with, lol.
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yochdog (OP)
Legendary
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Activity: 2044
Merit: 1000
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November 26, 2013, 02:05:27 AM |
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Can you provide any pictures? I can't even imagine what you're mining with, lol.
I am not going to post pictures....nothing all that fancy. However, you can verify my speed at: http://wemineltc.com/statsAuthI am usually the top hashrate.
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I am a trusted trader! Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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VinCeCream
Member
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Activity: 89
Merit: 10
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November 27, 2013, 12:17:24 AM |
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I am not going to post pictures....nothing all that fancy. However, you can verify my speed at: http://wemineltc.com/statsAuthI am usually the top hashrate. Sooo .. it's after you that we're all running on WeMineLTC Good luck !
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don4of4
Newbie
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Activity: 15
Merit: 0
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November 27, 2013, 07:32:51 AM |
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According to http://wemineltc.com/statsAuth you are almost 15% under the 110K KH/s you mentioned earlier, but if you have some flexibility, pm me. Thank you!
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don4of4
Newbie
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Activity: 15
Merit: 0
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November 27, 2013, 06:19:54 PM |
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According to http://wemineltc.com/statsAuth you are almost 15% under the 110K KH/s you mentioned earlier, but if you have some flexibility, pm me. Thank you! To clarify, the flexibility would be regarding trust, not your hashing power. That is largely irrelevant at these prices.
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Dabs
Legendary
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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November 28, 2013, 02:24:40 AM |
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If no one has bought it, I'll buy maybe next month (December) or next year (January ~ February). I sent you a PM Mr. yochdog.
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Dragooon
Member
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Activity: 88
Merit: 10
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November 28, 2013, 09:29:33 AM |
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So this is an all or nothing deal?
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▒ NOW token ▒ by ChangeNOW ▒ Get the WIN! ▒ ChangeNOW - an instant Non-custodial Exchange Service (( changenow.io ))
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bitwit
Newbie
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Activity: 16
Merit: 0
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November 28, 2013, 06:01:48 PM |
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I second Dragoon's question. I would be interested in fractional rental or in grouping together with a few people.
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don4of4
Newbie
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Activity: 15
Merit: 0
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November 28, 2013, 06:15:17 PM |
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I second Dragoon's question. I would be interested in fractional rental or in grouping together with a few people.
I am currently in negotiations for the full 30 days. If you would want to do fractional renting, I suppose could buy a percentage of the coins from me. Everything would be contractually bound and yochdog's payments wouldn't be dependent on yours. PM me if you are interested.
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spartan82
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November 29, 2013, 01:08:34 AM |
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all you fools that calculated ROI with LTC=$10US... shame. on. you. LOL well done yochdog! wemineltc all day every day only im ranked about 540 spots under the top spot. ill get there!
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Viggy
Newbie
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Activity: 21
Merit: 0
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November 29, 2013, 02:32:51 AM |
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all you fools that calculated ROI with LTC=$10US... shame. on. you. LOL well done yochdog! wemineltc all day every day only im ranked about 540 spots under the top spot. ill get there! That's a very silly thing to say. No one calculates ROI on best case scenario and investing by simply expecting something to go up in price is a very stupid investment strategy. Truthfully, ROI should be calculated by taking the worst case expectation of difficulty increase and price drop to determine what it is worth for you. You can reasonably expect difficulty to increase by 5-10% every 3 days which puts you at a difficulty of over 4000 at the end of the month - now what if priced dropped to 20? Don't insult people on the basis of a behind the napkin calculation you did.
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yochdog (OP)
Legendary
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Activity: 2044
Merit: 1000
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November 29, 2013, 03:28:58 AM |
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Edited to update time and price of contract.
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I am a trusted trader! Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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Viggy
Newbie
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Activity: 21
Merit: 0
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November 29, 2013, 04:12:46 AM |
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Just so I don't misunderstand - has the price been effectively quadrupled?
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moderate
Member
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Activity: 98
Merit: 10
nearly dead
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November 29, 2013, 04:31:33 AM |
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Just so I don't misunderstand - has the price been effectively quadrupled?
Effectively, you lost the opportunity to rent for 20k and grab 80k+
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Viggy
Newbie
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Activity: 21
Merit: 0
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November 29, 2013, 05:07:36 AM |
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Just so I don't misunderstand - has the price been effectively quadrupled?
Effectively, you lost the opportunity to rent for 20k and grab 80k+ Coz I had 20k just lying around, effectively collecting dust?
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yochdog (OP)
Legendary
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Activity: 2044
Merit: 1000
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November 29, 2013, 05:26:01 AM |
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Just so I don't misunderstand - has the price been effectively quadrupled?
You are correct. had no takers on the last deal.....and I have adjusted for the change in the LTC market.
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I am a trusted trader! Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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Dabs
Legendary
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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November 29, 2013, 08:21:33 AM |
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Uh.... okay. yochdog, can you still answer my PM? I'm interested to rent for a week, but I'm waiting for my $18,000 to come in first. hehe.
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BitThink
Legendary
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Activity: 882
Merit: 1000
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November 29, 2013, 10:41:42 AM |
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Now it becomes a speculation on LTC price rather than an investment.
With the current difficulty, 110 MH/s can mine around 70 Ltc a day and 490 Ltc a week. That's 490 * 40 = $19600, but we all know $40 is very high and a crash may happens any time. But the opposite may happen too and the price may keep increasing. Anyway this contract is just like buy 490 LTC in 7 days with $18000 ($36.7 per LTC) if the difficulty will not change soon.
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