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Author Topic: 13.5 GH/s contract  (Read 2077 times)
dmcurser
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December 28, 2011, 02:54:07 PM
 #21

hmm 11.71 btc per day at 1,159,929 difficulty for the next 14 days until next difficulty = 163.94 and then 10.97 btc a day at estimated next difficulty of 1237572.0 for 14 days 153.58
153.38+163.94=317.32btc for 28 days.
now that being said theres only 11 days left on this difficulty so thats even less then what i wrote and ill be evn more then far and do 16 days at current diffculty 187.36
187.36+163.94= would =351.3 so the person with this contract if bought today and with diffculty being as stated would lose money or btc i mean correct me if im wrong and plz show the math lol

and no i didnt give variance i did it with a steady 13.5 ghs

Hmm maybe you can't read I'm not sure but ill show you about halfway in my post
 now that being said theres only 11 days left on this difficulty so thats even less then what i wrote and ill be evn more then far and do 16 days at current diffculty 187.36
187.36+163.94= would =351.3. That was being generous with 16 days at current difficulty and 14 at estimated next difficulty.
And once again that being said there's now only 10 days left at this difficulty

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yochdog
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December 28, 2011, 03:12:36 PM
 #22

hmm 11.71 btc per day at 1,159,929 difficulty for the next 14 days until next difficulty = 163.94 and then 10.97 btc a day at estimated next difficulty of 1237572.0 for 14 days 153.58
153.38+163.94=317.32btc for 28 days.
now that being said theres only 11 days left on this difficulty so thats even less then what i wrote and ill be evn more then far and do 16 days at current diffculty 187.36
187.36+163.94= would =351.3 so the person with this contract if bought today and with diffculty being as stated would lose money or btc i mean correct me if im wrong and plz show the math lol

and no i didnt give variance i did it with a steady 13.5 ghs

Hmm maybe you can't read I'm not sure but ill show you about halfway in my post
 now that being said theres only 11 days left on this difficulty so thats even less then what i wrote and ill be evn more then far and do 16 days at current diffculty 187.36
187.36+163.94= would =351.3. That was being generous with 16 days at current difficulty and 14 at estimated next difficulty.
And once again that being said there's now only 10 days left at this difficulty

So you make one glaring error with getting the day count wrong, and then compound it by just making up fairy tale numbers?  You are too much man. 




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December 28, 2011, 03:15:29 PM
 #23

Have you considered pointing to a merged mining pool?  No reason not to get the NMC and sell it for BTC.

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December 28, 2011, 03:20:19 PM
 #24

I don't even know why I am taking the time to do this, but here is what the numbers actually look like (as if any half-wit could not do this on their own):

12 days left at current difficulty:  11.71 * 12 = 140.52

18 days at next estimated difficulty (1,175,846):  11.55 * 18 = 207.90


The expected value is:  140.52 + 207.90 = 348.42


So yes, the buyer of this contract could expect to make a small profit.  

Like I said, your math is off.  

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December 28, 2011, 03:21:52 PM
 #25

Have you considered pointing to a merged mining pool?  No reason not to get the NMC and sell it for BTC.

I need to look into it.....honestly I have just been too lazy recently to put forth the effort. 

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December 28, 2011, 03:35:42 PM
 #26

Have you considered pointing to a merged mining pool?  No reason not to get the NMC and sell it for BTC.

You have any idea what the current "excess return" is with merged mining?  5%?  10%? 


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December 28, 2011, 03:36:59 PM
 #27

Hmm no fairy tail number what I simply did was give you the basic. From yes I know it was for 28 days since the only 2 difficulty. I can see are current and estamited next difficulty. I then was being nice and saying that if we started this contract right on the current difficulty that you would have made money and yes I know that was wrong. But I tell you what i will do when I get home i will redo my math and it will be like this x days left at current difficulty + 14 day at estamted next difficulty + remain days at estamted. Difficulty after the next based on the percent. Of different. Increase mentioned over the last 3 adjustments


And like I said I will buy this contract if at the end I will walk away with at least 350 btc

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December 28, 2011, 03:47:48 PM
 #28

Have you considered pointing to a merged mining pool?  No reason not to get the NMC and sell it for BTC.
You have any idea what the current "excess return" is with merged mining?  5%?  10%? 
I'll take a wild guess and say that merged mining will net you an additional 2 to 3 BTC per week with your farm.  Based on comments in this thread.

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December 28, 2011, 09:51:25 PM
 #29

my math was off and so was yours there is only 11 days left at current difficulty 11.71*11=128.81 and then 19 days that the estimated next would be 11.55*19=219.45
that being said the estimated next difficulty wont last for 19 days it changes about every 14 and as of right now it keeps increasing and over the last 3 increase it has increased about 4.2 so lets try it this way 128.81 for current difficulty + 11.55*14 =161.7+ estimated difficulty after that of 1,175,846*4.2%=49 385.532+1175846=1225231.532 which you would mine 11.08 btc a day 11.08*5=55.4
128.81+161.7+55.4=345.91 so someone would only profit about .91 btc also you must factor in the 3% fee that deepbit charges i forgot about that

and still with this being said this is based on estimated diffcultys to come which since your post has gone up to 1179139 which then you would only be mining at 11.52 or for the 14 days a difference of .42 btc
leaveing no profit for the person buying this.

once again i will still offer to buy your service if you guarantee i would be able to make atleast 5 btc

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December 28, 2011, 10:24:15 PM
 #30

my math was off and so was yours there is only 11 days left at current difficulty 11.71*11=128.81 and then 19 days that the estimated next would be 11.55*19=219.45
that being said the estimated next difficulty wont last for 19 days it changes about every 14 and as of right now it keeps increasing and over the last 3 increase it has increased about 4.2 so lets try it this way 128.81 for current difficulty + 11.55*14 =161.7+ estimated difficulty after that of 1,175,846*4.2%=49 385.532+1175846=1225231.532 which you would mine 11.08 btc a day 11.08*5=55.4
128.81+161.7+55.4=345.91 so someone would only profit about .91 btc also you must factor in the 3% fee that deepbit charges i forgot about that

and still with this being said this is based on estimated diffcultys to come which since your post has gone up to 1179139 which then you would only be mining at 11.52 or for the 14 days a difference of .42 btc
leaveing no profit for the person buying this.

once again i will still offer to buy your service if you guarantee i would be able to make atleast 5 btc

Jesus.  Just stop. 

No one is going to guarantee you shit.  The price is the price, I have zero problem keeping the power to myself. 


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December 28, 2011, 10:29:53 PM
 #31

0hey im just trying to get you to lay everything on the line you would like someone to pay for a service that has no return just cost the person right? i mean come on thats scammerish isnt it. or maybe not i just dont want to see some other bitcoiners  fall for this. now if you were offering your ghs for somthing other then mining then maybe this would be worth it but at you and i have both pointed out you are in no means trying to provide a service you are trying to make more money on your rig then your rig will produce.

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December 28, 2011, 10:33:56 PM
 #32

You're also not considering the risk one takes when giving you the coins and then has to wait a month to get them back (if he even does). There's so many factors there, you rigs could fail, there could be electricity outage, bitcoin price could plummet, etc. Not worth it, even if this was (slightly) profitable.
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December 28, 2011, 11:09:04 PM
 #33

You're also not considering the risk one takes when giving you the coins and then has to wait a month to get them back (if he even does). There's so many factors there, you rigs could fail, there could be electricity outage, bitcoin price could plummet, etc. Not worth it, even if this was (slightly) profitable.

Difficulty could go down, price could skyrocket, deepbit could go on good luck the entire time...

It can go both ways.
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December 28, 2011, 11:12:39 PM
 #34

You're also not considering the risk one takes when giving you the coins and then has to wait a month to get them back (if he even does). There's so many factors there, you rigs could fail, there could be electricity outage, bitcoin price could plummet, etc. Not worth it, even if this was (slightly) profitable.

Difficulty could go down, price could skyrocket, deepbit could go on good luck the entire time...

It can go both ways.

yes but in that case you're not any worse of holding your coins.
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December 28, 2011, 11:26:03 PM
 #35

You're also not considering the risk one takes when giving you the coins and then has to wait a month to get them back (if he even does). There's so many factors there, you rigs could fail, there could be electricity outage, bitcoin price could plummet, etc. Not worth it, even if this was (slightly) profitable.

Difficulty could go down, price could skyrocket, deepbit could go on good luck the entire time...

It can go both ways.

yes but in that case you're not any worse of holding your coins.

Except if difficulty dropped and/or deepbit was in good luck, and your original X coins were able to make X+Y coins.  Then Y coins would be profit on return.  Rise in price would be even more profit.
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December 29, 2011, 01:15:26 AM
 #36

You're also not considering the risk one takes when giving you the coins and then has to wait a month to get them back (if he even does). There's so many factors there, you rigs could fail, there could be electricity outage, bitcoin price could plummet, etc. Not worth it, even if this was (slightly) profitable.

Difficulty could go down, price could skyrocket, deepbit could go on good luck the entire time...

It can go both ways.

Finally.  Someone who can think past the next 3 seconds. 

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December 29, 2011, 01:25:23 AM
 #37

lol yes yes it could but at current it seems that it is only increaseing and once again as it set now i doubt that anyone will be willing to take a chance at making .3 btc over 30 days when it seems like difficulty is just going to keep going up now if your contract was for like 335 even then it might be worth the slight risk although im not to sure on that. i mean theres ppl paying 1%  intrest a day on loans whichfor 30 days is more profitable then trying to take a chance here when its pretty clear that diffculty is going up not down.

and yes i know it could but as it looks it isnt going to just saying i think you might just be better keeping your hashing to yourself unless your willing to go a little lower on your price or you your power for somthning other then mining.

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December 29, 2011, 03:51:42 AM
 #38

lol yes yes it could but at current it seems that it is only increaseing and once again as it set now i doubt that anyone will be willing to take a chance at making .3 btc over 30 days when it seems like difficulty is just going to keep going up now if your contract was for like 335 even then it might be worth the slight risk although im not to sure on that. i mean theres ppl paying 1%  intrest a day on loans whichfor 30 days is more profitable then trying to take a chance here when its pretty clear that diffculty is going up not down.

and yes i know it could but as it looks it isnt going to just saying i think you might just be better keeping your hashing to yourself unless your willing to go a little lower on your price or you your power for somthning other then mining.

I will pay 365 BTC in advance now if I can buy and have the hashing power directed to where I want...  I am interested in buying long term contracts...

man, it is tempting....but going through all the machines will be a bitch!

I need to get GPUMAX! 

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December 29, 2011, 04:01:14 AM
 #39

lol yes yes it could but at current it seems that it is only increaseing and once again as it set now i doubt that anyone will be willing to take a chance at making .3 btc over 30 days when it seems like difficulty is just going to keep going up now if your contract was for like 335 even then it might be worth the slight risk although im not to sure on that. i mean theres ppl paying 1%  intrest a day on loans whichfor 30 days is more profitable then trying to take a chance here when its pretty clear that diffculty is going up not down.

and yes i know it could but as it looks it isnt going to just saying i think you might just be better keeping your hashing to yourself unless your willing to go a little lower on your price or you your power for somthning other then mining.

I will pay 365 BTC in advance now if I can buy and have the hashing power directed to where I want...  I am interested in buying long term contracts...

man, it is tempting....but going through all the machines will be a bitch!

I need to get GPUMAX! 

Could always just copy the config so you still have the original to fail back to; really not difficult.

Not sure what miner you're using currently, but switching to cgminer if you aren't already on it would be your best bet imo.

Do as you please though Wink
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December 29, 2011, 04:10:14 AM
 #40

lol yes yes it could but at current it seems that it is only increaseing and once again as it set now i doubt that anyone will be willing to take a chance at making .3 btc over 30 days when it seems like difficulty is just going to keep going up now if your contract was for like 335 even then it might be worth the slight risk although im not to sure on that. i mean theres ppl paying 1%  intrest a day on loans whichfor 30 days is more profitable then trying to take a chance here when its pretty clear that diffculty is going up not down.

and yes i know it could but as it looks it isnt going to just saying i think you might just be better keeping your hashing to yourself unless your willing to go a little lower on your price or you your power for somthning other then mining.

I will pay 365 BTC in advance now if I can buy and have the hashing power directed to where I want...  I am interested in buying long term contracts...

man, it is tempting....but going through all the machines will be a bitch!

I need to get GPUMAX! 

Could always just copy the config so you still have the original to fail back to; really not difficult.

Not sure what miner you're using currently, but switching to cgminer if you aren't already on it would be your best bet imo.

Do as you please though Wink

This is why I love the forum.....as many idiots that I encouter, the dudes like you always teach me something!

Thanks man....I will look into it. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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