10.3Gh 30 day mining contract available

[jamesg]

Hello fellow bitcoiners,

I would like to offer a 10.3Gh 30 day mining contract for 250 BTC. As you can see from avatar, I have the hashing power to rent.  

If you are on a pool with merged mining and PPS payout, this contract should return 6% at the next estimated difficulty, 3% for merged mining and 3% for the discount I am offering. So if you are running on a lucky pool, who knows....

Payment will be made in full before the start of mining.

Any interruptions in services will be dealt with fairly and added to the end of the contract.

My credentials:

WOT rating -> http://bitcoin-otc.com/viewratingdetail.php?nick=gigavps
Rig building cred -> https://bitcointalk.org/index.php?topic=51350.0
More cred -> https://bitcointalk.org/index.php?topic=44767.0

PM me or reply to this thread to get started mining without the hassle of building rigs, dealing with heat or a hefty electric bill.

EDIT: Q&A

Q: Will you split the hashing power into small contracts?
A: No.

Q: Will you accept a smaller payment up front and the rest later into the contract?
A: No.

[shakaru]

+1

[sadpandatech]

I would like to offer a 10.3Gh 30 day mining contract for 250 BTC

+1 for good deal

Any interruptions in services with will be dealt with fairly and added to the end of the contract.

My credientials credentials:

2 lil typos, m8

[jamesg]

I would like to offer a 10.3Gh 30 day mining contract for 250 BTC

+1 for good deal

Any interruptions in services with will be dealt with fairly and added to the end of the contract.

My credientials credentials:

2 lil typos, m8

Thanks for the help. Fixed.

The contract is still available. Looks like the projected difficulty is going to be below my estimate now -> http://bitcoinx.com/charts/

[jamesg]

Thanks Goat! 

Per our agreement, Goat has paid 215 BTC upfront with the remaining 35 btc to be paid during the remainder of the contract at an interest rate of 3.5% per week.

The contract was started at 6:30am EST on Monday December 12, 2011 and will continue until 6:30am EST on Wednesday, January 11, 2012.

If I missed anything, let me know, otherwise, happy mining.

[btc_artist]

gigasvps, not really any of my business, just curious, but I'm trying to understand the reason for doing this if you could make more BTC by simply running the rigs?

[jamesg]

gigasvps, not really any of my business, just curious, but I'm trying to understand the reason for doing this if you could make more BTC by simply running the rigs?

My reason is that I have other ventures that require capital that make me money also. By pulling revenue forward, it allows me to utilize this capital more efficiently allowing me to make up the 3% discount on the money up front and ultimately allowing me to make more money than I would have otherwise.

It is really a win-win as Goat can utilize the hashing power to make a profit and I get the capital i need to move other ventures forward.

[btc_artist]

Good explanation and rationale.  Thanks.

[DeathAndTaxes]

gigasvps, not really any of my business, just curious, but I'm trying to understand the reason for doing this if you could make more BTC by simply running the rigs?

My reason is that I have other ventures that require capital that make me money also. By pulling revenue forward, it allows me to utilize this capital more efficiently allowing me to make up the 3% discount on the money up front and ultimately allowing me to make more money than I would have otherwise.

It is really a win-win as Goat can utilize the hashing power to make a profit and I get the capital i need to move other ventures forward.

Another way to look at it is a short-term low interest loan using hashing power as collateral.  Of course to arrange that would be difficult.  Renting hashing power facilitates the same "loaned" cashflow.  The difference between bitcoins earned and bitcoins advances is the "interest".

I like it.

[btc_artist]

I like it.

So do I, because everybody wins.  I might consider renting some hashing power at some point.

[btc_artist]

I like it.

So do I, because everybody wins.  I might consider renting some hashing power at some point.

Let me know when and how much! I need hashing power!!! muhahahah:)

I'm with you. I actually meant I wanted to rent someone else's hashing power, not that I wanted to rent mine out.

[Turbor]

Everything ok so far ? Guess giga is the real deal.

[btc_artist]

Hello fellow bitcoiners,

I would like to offer a 10.3Gh 30 day mining contract for 250 BTC. As you can see from avatar, I have the hashing power to rent.  

If you are on a pool with merged mining and PPS payout, this contract should return 6% at the next estimated difficulty, 3% for merged mining and 3% for the discount I am offering. So if you are running on a lucky pool, who knows....

Payment will be made in full before the start of mining.

Any interruptions in services will be dealt with fairly and added to the end of the contract.

My credentials:

WOT rating -> http://bitcoin-otc.com/viewratingdetail.php?nick=gigavps
Rig building cred -> https://bitcointalk.org/index.php?topic=51350.0
More cred -> https://bitcointalk.org/index.php?topic=44767.0

PM me or reply to this thread to get started mining without the hassle of building rigs, dealing with heat or a hefty electric bill.

EDIT: Q&A

Q: Will you split the hashing power into small contracts?
A: No.

Q: Will you accept a smaller payment up front and the rest later into the contract?
A: No.

gigasvps, not really any of my business, just curious, but I'm trying to understand the reason for doing this if you could make more BTC by simply running the rigs?

My reason is that I have other ventures that require capital that make me money also. By pulling revenue forward, it allows me to utilize this capital more efficiently allowing me to make up the 3% discount on the money up front and ultimately allowing me to make more money than I would have otherwise.

It is really a win-win as Goat can utilize the hashing power to make a profit and I get the capital i need to move other ventures forward.

Thanks Goat!  

Per our agreement, Goat has paid 215 BTC upfront with the remaining 35 btc to be paid during the remainder of the contract at an interest rate of 3.5% per week.

The contract was started at 6:30am EST on Monday December 12, 2011 and will continue until 6:30am EST on Wednesday, January 11, 2012.

If I missed anything, let me know, otherwise, happy mining.

I just want to quote this so it can not be edited later. Thanks.

Quoted again for double no-editing. :p

[jamesg]

Everything ok so far ? Guess giga is the real deal.

I hope so... I hope that Giga will be able to meet the terms he stated. So far everything is okay and I hope it will stay that way...

Everything is going well with the contract so far. Goat's server have been more stable than any pool I have run my hardware on.

[shakaru]

Bump for gigasvps mining contracts
Bump for gigasvps currency exchange and OTC
and BUMP for the impresive peice of eye candy you got there trying to eat your face in your avatar.

[jamesg]

OTC currency exchange???

I will soon have a lot of bitcoin I need changed to the from of US dollar. How can you help me out??

Sending a PM now.

[jamesg]

Everything is going well, and Giga is mining hard away!

Thank you for your compliment Giga, I will pass it on to my server guy. I am sure he will be happy to hear it:)

Hi Goat,

Looks like my DC had a power outage earlier this evening which knocked out 2Gh for approx 4 hours and had another outage that knocked out all 10.3Gh for 30 minutes. I will add 1 hour to the end of our contract to make up for this outage.

If you feel the extra 1 hour is not enough, please PM me with the details and we can sort it out.

Best,
gigavps