Rent my 7 Video Cards 5870 [EDIT:2011-09-16]

[saykor]

Hi all,
I have a 7 ati radeon hd 5870 that I offer you. Here is the deal:

You can rent 1 card for 1 week for 19USD
You will need to tell me where you want the card to mine - pool, username and password.
( in many pools you can make a separated miner account )

Each card work with around 440-450 mega-hashes / second

I accept paypal ( send a payment as a gift ), moneybookers, bank transfer to EU bank.

You can rent more than 1 card.

EDIT:
Rent 3 cards for 1 week = $51
Rent 5 cards for 1 week = $70
Rent 7 cards for 1 week = $85

Regards,
Saykor

[Bitcraft]

@19 usd a week I'd be netting a loss :/

[saykor]

@19 usd a week I'd be netting a loss :/

Yes you will. Depend of how you see on the deal. It have some advantages.

1. If you not have a money for hardware.
2. If you cannot find a hardware.
3. Easy low risk solution.
3. If you have a extra money to invest not will deal with a exchangers.
4. No fees.
5. Short time contract.
6. Not need to block a so many money as you will do when you buy a hardware or other long time contract... where the profit is not so much guarantee.
7. You easy can rent a hardware with your paypal or moneybookers account. As you know to exchange for a btc is against their rules but rent of hardware is not.
8. Be the trader make his own bid for a quantity or time that will be profitable for both sides.

Personaly i not will risk to pay in advance $500 or $1000 or $1500 for a long time contract and waiting in the time to receive some btc that will sell to make a profit. everything can happen for so long time. It is a big risk. But yes on the theory where the risk is big and the expected profit is more.

If you spend a more money in advance the profit will be more in the future.

[Sabi]

For 19USD you can immediately buy twice as many btc on mtgox now than what a 5870 will mine in a week.

[saykor]

For 19USD you can immediately buy twice as many btc on mtgox now than what a 5870 will mine in a week.

Yes you can. By this logic why we need to mine at all? Lets we all just sell your hardware and buy btc with the money. We will buy many more than we can mine for a long period and not will pay electric bill, not will care for a space, for a noise.

[nelisky]

For 19USD you can immediately buy twice as many btc on mtgox now than what a 5870 will mine in a week.

Yes you can. By this logic why we need to mine at all? Lets we all just sell your hardware and buy btc with the money. We will buy many more than we can mine for a long period and not will pay electric bill, not will care for a space, for a noise.

Sounds good to me :p

[ovidiusoft]

By this logic why we need to mine at all? Lets we all just sell your hardware and buy btc with the money. We will buy many more than we can mine for a long period and not will pay electric bill, not will care for a space, for a noise.

Nobody *needs* to mine. It's a choice based on passion or desire to make a profit. If we leave passion aside, nobody should mine at a loss for a long time, they should simply buy Bitcoins.

You obviously mine at a loss and/or don't believe Bitcoin will succeed in the long run, so you're trying to make money some other way. You're offering a deal which you yourself believe is a bad idea/unprofitable (or you would do it for you). While this is not a scam per se, it is immoral.

[saykor]

You obviously mine at a loss and/or don't believe Bitcoin will succeed in the long run, so you're trying to make money some other way. You're offering a deal which you yourself believe is a bad idea/unprofitable (or you would do it for you). While this is not a scam per se, it is immoral.

I not mine at a loss. When I pay my electric bill i am on clear 5% profit in this moment. Not many but it is a not loss.

If I not believe in Bitcoin I not will continue to mine and not will offer a deal. Just will sell my hardware how many more my friends do.

The deal is a good. I explain a many advantages. Nobody yet send me a counter-offer to rent more than one card or for more time. THe trade is not only - "here is the deal, accept or decline."

I understand that my deal is not good for Bitcraft's thinking that will sell the btc after 1 week.

And at last "Bitcoin will succeed" is a other conversation where we can talk many on this. What exactly mean this? "succeed" have a many meanings. Lets don't start this discussion here.

[Sabi]

Why are you selling your mining capability at twice the going rate than actually buying BTC on mtgox, yet are offering to buy the mining capability at reasonable prices?

https://bitcointalk.org/index.php?topic=41888.msg524230#msg524230

[payb.tc]

Why are you selling your mining capability at twice the going rate than actually buying BTC on mtgox, yet are offering to buy the mining capability at reasonable prices?

https://bitcointalk.org/index.php?topic=41888.msg524230#msg524230

middleman?

[bitlane]

Hi all,
I have a 7 ati radeon hd 5870 that I offer you. Here is the deal:

You can rent 1 card for 1 week for 19USD
You will need to tell me where you want the card to mine - pool, username and password. ( in many pools you can make a separated miner account )

Each card work with around 440-450 mega-hashes / second

I accept paypal ( send a payment as a gift ), moneybookers, bank transfer to EU bank.

You can rent more than 1 card.

Regards,
Saykor

I would consider a 1 year/52 week contract, but might need a $1/month discount, as renting each card for $19/week over a 1 year period might be a bit expensive for me in the end ($988 for each card for 1 year)....
Perhaps someone could tell me, is $980+ USD/year a good deal for the rental of a 5870 ? ...LOL

Perhaps we can work out a deal on partial trade ?

I have a $25,000 Car that I could rent to you for $2,500 per week, but I would need a 20 week commitment from you on the car.

Let me know.

[saykor]

I would consider a 1 year/52 week contract, but might need a $1/month discount, as renting each card for $19/week over a 1 year period might be a bit expensive for me in the end ($988 for each card for 1 year)....
Perhaps someone could tell me, is $980+ USD/year a good deal for the rental of a 5870 ? ...LOL

Perhaps we can work out a deal on partial trade ?

I have a $25,000 Car that I could rent to you for $2,500 per week, but I would need a 20 week commitment from you on the car.

Let me know.

$988 for each card for 1 year
This will be a good deal for you if I agree of course. For 1 year the btc value can grow many and you will do a good extra profit.
For 1 year you will collect around 90 btc on value $20 = 1800. Yes you will be on a profit.

Your car not will generate any profit. It is a black hole.

The both products are different. You cannot compare your car with my cards. You not buy your car to make a profit from it. Right?

of course for $988 you can buy a 3 cards... but this is not only cards.
1. you need a pc to run your cards
2. you need a space for it
3. you need to care for electric bill
4. you need to care for a refrigeration
5. it is commitment

[saykor]

middleman?

No. I actually have 3 pc with 7 cards. You can check my bitcoin wallet address in my signature to see how i periodically receive a btc from a mining pool.

1. The other deal I not buy yet
2. I cannot make other deals in same time?

[saykor]

Why are you selling your mining capability at twice the going rate than actually buying BTC on mtgox, yet are offering to buy the mining capability at reasonable prices?

https://bitcointalk.org/index.php?topic=41888.msg524230#msg524230

It is a different payment source BTC for mega-hashes and PP/MB for mega-hashes

Buy from mtgox with paypal or moneybookers, please.

Dwolla is for us citizens only
Liberty Reserve you need other exchanger to deal with LR that mean more fees
Paxum have a nightmare fees

i will add few more options today