9,000 MH/s rental

[yochdog]

I own a mining operation that hashes at the ridiculous rate of 9,000+ MH/s, and gets closer to 10,000 MH/s in the evening.  Over the last week I have averaged over 9,000 MH/s.  I am willing to rent out this "farm" to interested parties.  
  

Terms are as follows:

1)  7 day contract
2)  Guaranteed 9,000 MH/s average over the contract term
3)  MINING WILL BE DONE AT MY CURRENT POOL, you will merely recieve the pay-outs.  I will set auto payment for every 2.5 BTC
4)  Any increase in mining power over the contract is yours, gratis.  (I still have a few GPU's to put to work)
5)  Payment is to be made half in advance, half at the midpoint of the contract.  

Price:  32 BTC


My terms are firm, please DO NOT ask for something different.  If no one is interested, I am glad to keep hashing away and keeping the BTC myself.  

If you would like to purchase this contract, reply with your BTC address and send your initial payment (16 BTC) to my address (which can be found below).

Thanks!  


Please read this as well!

Since I have begun offering these contracts, the difficulty level has fallen SIGNIFICANTLY, and my hashing power has grown.  I now average over 11,000 MH/s.

Given these new circumstances, the price for a 7 day contract is now 55 BTC.  I am pricing this based on an assumed difficulty of 1,250,000 (which should be very close to where the next adjustment will be).

[1715461593]

1715461593

[1715461593]

1715461593

[Chemicalbro]

Just curious if you have rep

[MoonShadow]

I own a mining operation that hashes at the ridiculous rate of 9,000+ MH/s, and gets closer to 10,000 MH/s in the evening. 

Why does it go up in the evening?

5)  Payment is to be made half in advance, half at the midpoint of the contract. 

Price:  32 BTC

Why are you doing this, if you can earn more just hashing?

[Chemicalbro]

I'm assuming so he can buy more hardware upfront to add

[yochdog]

Just curious if you have rep

There is another thread up here for my last contract, went off without a hitch and the buyer verified that. 

Look for the thread titled "mining contract - 8,000 MH/s"

[yochdog]

I own a mining operation that hashes at the ridiculous rate of 9,000+ MH/s, and gets closer to 10,000 MH/s in the evening. 

Why does it go up in the evening?

5)  Payment is to be made half in advance, half at the midpoint of the contract. 

Price:  32 BTC

Why are you doing this, if you can earn more just hashing?

I have miners that do not run during the day, as the workstations are being used for other purposes.  I bump up about 1 GH overnight. 

I went into a whole explanation of why I am willing to pre-sell for less than expected value.  If you really want to read the debate, head over the the thread titled "mining contract - 8,000 MH/s".  It basically boils down to exchange rate risk.  I get 32 BTC of certain value today, the buyer gets 36+ BTC of uncertain value over the next week.

that help?

[MoonShadow]

I went into a whole explanation of why I am willing to pre-sell for less than expected value.  If you really want to read the debate, head over the the thread titled "mining contract - 8,000 MH/s".  It basically boils down to exchange rate risk.  I get 32 BTC of certain value today, the buyer gets 36+ BTC of uncertain value over the next week.

that help?

So you are hedging then?

[yochdog]

I went into a whole explanation of why I am willing to pre-sell for less than expected value.  If you really want to read the debate, head over the the thread titled "mining contract - 8,000 MH/s".  It basically boils down to exchange rate risk.  I get 32 BTC of certain value today, the buyer gets 36+ BTC of uncertain value over the next week.

that help?

So you are hedging then?

Precisely.  I am willing to forego some expected return to lock in some certainty.  The very definition of "hedging".


I jus topped 10,000 MH/s.....very cool moment!

So is anyone interesed in this contract?

[Chemicalbro]

Ok, I'll bite.

[pbj sammich]

is this sold?

[yochdog]

is this sold?

I am currently committed to a contract that runs through September 13th.  If you are interested in purchasing a contract after that date, we might be able to work something out. 

[payb.tc]

sent you a pm by the way

[saykor]

Hi,
I want to buy a contract. It is still available?
Regards,
Saykor

[payb.tc]

i just bought sep 13th to sep 20th.

you'll have to get in line after that.

[saykor]

i just bought sep 13th to sep 20th.

you'll have to get in line after that.

ok no problem. I will wait one week.

[yochdog]

i just bought sep 13th to sep 20th.

you'll have to get in line after that.

ok no problem. I will wait one week.

The 20-27th has also been purchased. 

[payb.tc]

almost 8 btc back already by the way.

at the rate i'm seeing so far my best calculated guess right now for the contract is 36.89 btc... we'll see at the end how accurate that guess turns out to be

[saykor]

i just bought sep 13th to sep 20th.

you'll have to get in line after that.

ok no problem. I will wait one week.

The 20-27th has also been purchased. 

count me please next on the line

[yochdog]

*UPDATE* for all those interested in these contracts.


I am now holding steady at 10,000 MH/s.


If you are interested in renting this type of capacity, the price is now 37 BTC per 7 day contract. 

[jduck1987]

*UPDATE* for all those interested in these contracts.


I am now holding steady at 10,000 MH/s.


If you are interested in renting this type of capacity, the price is now 37 BTC per 7 day contract. 

Glad I got in when it was 32BTC!

[Leandro César]

I want one week!

L.

[terrytibbs]

I'd appreciate a place in line or heads up when you've got slots open.

[payb.tc]

almost 8 btc back already by the way.

at the rate i'm seeing so far my best calculated guess right now for the contract is 36.89 btc... we'll see at the end how accurate that guess turns out to be

well, i ended up with just under 35 btc for the week. (around 9% ROI)

annualized ROI = 9700% p.a.   (put in $1 and get $98 a year later)

[Brian DeLoach]

Where are you located?

[saykor]

Hi week 20-27th ends today. How I can buy next week?
Regards,
Saykor

[yochdog]

Hi week 20-27th ends today. How I can buy next week?
Regards,
Saykor

Hey there,

Sorry Saykor, I have comitted to a 30 day contract with payb.tc.  I will be free after that.

thanks. 

[saykor]

Hi week 20-27th ends today. How I can buy next week?
Regards,
Saykor

Hey there,

Sorry Saykor, I have comitted to a 30 day contract with payb.tc.  I will be free after that.

thanks. 

ok. thanks

[322i0n]

interested

[P4man]

Im curious why you'd do this? Whether you get the BTC revenue from mining or someone renting the farm, i dont quite see the point? Unless you have a small pool, with 9GH you wouldnt see a lot of variability over the course of a month...

BTW, however got that 30 day contract probably did a good deal as difficulty is about to drop quite a bit.

[payb.tc]

Im curious why you'd do this? Whether you get the BTC revenue from mining or someone renting the farm, i dont quite see the point? Unless you have a small pool, with 9GH you wouldnt see a lot of variability over the course of a month...

BTW, however got that 30 day contract probably did a good deal as difficulty is about to drop quite a bit.

yeah that was me... i paid 150 btc for the 30 days and so far i'm projecting it to return at least 165 to 170 (a bit too early to guess yet, plus it looks like difficulty might drop again next week )

i'll report back here with more specifics once the contract term ends (around oct 28).

[yochdog]

Im curious why you'd do this? Whether you get the BTC revenue from mining or someone renting the farm, i dont quite see the point? Unless you have a small pool, with 9GH you wouldnt see a lot of variability over the course of a month...

BTW, however got that 30 day contract probably did a good deal as difficulty is about to drop quite a bit.

We have discussed this at length in two threads now....go back and take a look.  It has to do with hedging future price risk.  Also, establishing a credible trading record was a secondary goal. 

We probably mis-priced the 30 day contract, but live and learn. 

[payb.tc]

well, the numbers are in and i just got a touch over 160 btc.

contract price: 150
contract length: 30 days
return: 160.51

R.O.I. 7%
annualised R.O.I. 128% p.a. (put in $1 and get $2.28 a year later)

so, compared to a standard bank account this is really great, but compared to my earlier luck with the 7-day contract (9700% p.a. ROI) it's been really disappointing.

yochdog cites the deepbit issues as the main reason for the low-ish outcome.

i was hoping the 2 difficulty drops would really increase the payouts, but it didn't have much effect.

[REF]

I sent you a PM

[yochdog]

well, the numbers are in and i just got a touch over 160 btc.

contract price: 150
contract length: 30 days
return: 160.51

R.O.I. 7%
annualised R.O.I. 128% p.a. (put in $1 and get $2.28 a year later)

so, compared to a standard bank account this is really great, but compared to my earlier luck with the 7-day contract (9700% p.a. ROI) it's been really disappointing.

yochdog cites the deepbit issues as the main reason for the low-ish outcome.

i was hoping the 2 difficulty drops would really increase the payouts, but it didn't have much effect.

You are correct....the Deepbit outage was brutal.  Not only did it cause mining stoppage for a prolonged period, it wreaked havoc on my miners and I had to go restart many of them manually. 

I am glad you still made a good return, but apologize that it was not as much as before.  I guess using pools will always run that sort of risk, but still disappointing. 

Thanks again for the business!

[yochdog]

Hey all....just wanted to give a heads up that I added to the original post.  Pricing has changed due to difficulty drops as well as hashing power increases.

thanks! 

[adraza]

I want a week  11000 MHashes for 55 BTC today's price!

[yochdog]

I want a week  11000 MHashes for 55 BTC today's price!

I am booked until at least November 7th.  Send me a PM. 

[GamingG]

well, the numbers are in and i just got a touch over 160 btc.

contract price: 150
contract length: 30 days
return: 160.51

R.O.I. 7%
annualised R.O.I. 128% p.a. (put in $1 and get $2.28 a year later)

so, compared to a standard bank account this is really great, but compared to my earlier luck with the 7-day contract (9700% p.a. ROI) it's been really disappointing.

yochdog cites the deepbit issues as the main reason for the low-ish outcome.

i was hoping the 2 difficulty drops would really increase the payouts, but it didn't have much effect.

You are correct....the Deepbit outage was brutal.  Not only did it cause mining stoppage for a prolonged period, it wreaked havoc on my miners and I had to go restart many of them manually. 

I am glad you still made a good return, but apologize that it was not as much as before.  I guess using pools will always run that sort of risk, but still disappointing. 

Thanks again for the business!

You didn't have backup pools?

[saykor]

Hi,
What happen? I reserve my position after payb.tc? Where we are now? When will be my turn?
Regards,
Saykor

[P4man]

Im also interested, but I would have to know about the pool and backup pools. It makes no sense for anyone to have those machine idle if a pool goes down.