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Author Topic: What would be a fair price for this on ebay? 69.37GH/2years mining contract  (Read 366 times)
ioio32l
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March 03, 2014, 06:00:52 AM
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It says it started in October, and ends on October 2015. So about 2 years contract, and it says the contracts include the option to use your bitcoins to buy more hashing power . From 10-100% of your bitcoins made per month. 69.37 sounds like an odd number. So I guess that's ok. The seller showed proof they have already made 4.70BTC from it already and it just started. And the auction starts at $1000 and has a buy it now for $2000 which seems fair, but what can I offer to hopefully get it accepted and not be insulting?

What would be a fair price. I would paste a link, but I don't want someone going and stealing it from under me.
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ioio32l
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March 03, 2014, 06:10:34 AM
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Oh, and 69.37 Gigahash means it does 69,370 MH, right?
coin5l1
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March 03, 2014, 06:32:24 AM
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Oh, and 69.37 Gigahash means it does 69,370 KH, right?

Hash scales goes ...
khash 1000 hashes per second
Mhash 1000000 hashes per second
Gigahash 1000000000
Seems like a terrible deal.

Have a look on this site to see what returns you might get
https://coinplorer.com/Hardware/Simulate
ioio32l
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March 03, 2014, 06:34:40 AM
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That cloudhashing site is where it's from, and I went and looked and they sell 30GH 1 year contracts for $999.

And this is a 2 year contract at 69.37GH starting at half the price he paid for it. Plus it includes that option to use earned bitcoins to get more GH every month.

Sounds really good to me.
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March 03, 2014, 11:08:48 AM
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If you are switching you hosting around to more profitable coins you may break even. If you hold bitcoin very long term you may break even. If you expect to break even the first month you will be disappointed. Each month you will produce on average about 1/2 the bitcoin as the prior month. I would pass
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