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Author Topic: bitdriller mining contracts  (Read 863 times)
smoothie
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August 08, 2011, 06:23:46 AM
 #1

One of the forums posted that bitdriller.com is providing mining contracts.

Price of bitcoins would have to be at $21.5 just to break even on a 1 Gh/s contract for one month at $350.

I'm pretty sure no one is signing up for any of these contracts anytime soon.

If $21.50 is the break even point I would say that I wouldn't be enticed to have a contract like this until bitcoins is > $30 USD.

Any thoughts?

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wormbog
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August 08, 2011, 12:04:30 PM
 #2

To be honest I have never understood why anyone would buy a mining contract rather than buying coins directly.

Has anyone here on the forum ever bought a mining contract?
stryker
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August 08, 2011, 12:44:41 PM
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just sounds like a way of taking all the fun out of mining to me  Grin

still there are always fools willing to part with their money
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August 08, 2011, 12:47:27 PM
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There's plenty of people who have bought mining contracts. It's because you get newly minted coins, that's valuable to some people.
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August 08, 2011, 03:08:06 PM
 #5

Seriously? In that case, let it be known that wormbog has newly minted bitcoins for sale for only $10/ea. I've also got fresh bitdimes for $1/ea. They're so new they're still warm! Smiley
stick_theman
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August 08, 2011, 03:23:41 PM
 #6

There's plenty of people who have bought mining contracts. It's because you get newly minted coins, that's valuable to some people.

lmao
smoothie
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August 08, 2011, 06:20:15 PM
 #7

Seriously? In that case, let it be known that wormbog has newly minted bitcoins for sale for only $10/ea. I've also got fresh bitdimes for $1/ea. They're so new they're still warm! Smiley

lol  Grin

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