Minning contract on Cryptsy

[Trololo2060]

Hello,

New offer on Cryptsy Exchange you can buy life time minning contract on 0.0185 BTC/ Gh/S
I calculate, it is like buying Antminer S1 and own it for 2 years (according to purchase and electricity cost)

What do you think?

[ajw7989]

Hello,

New offer on Cryptsy Exchange you can buy life time minning contract on 0.0185 BTC/ Gh/S
I calculate, it is like buying Antminer S1 and own it for 2 years (according to purchase and electricity cost)

What do you think?

It does not seem to be that good of a deal. Pbmining mining (my sig) is a lower price and CEX is also currently lower.

[inflatin]

The Cryptsy contract mining doesn't mention any maintenance fees. That'd be a huge advantage over cex.io with current maintenance fees around 20% of all profit.

[Equate]

how is it better over other cloud mining services which themselves are not profitable.

[Trololo2060]

Now this contracts go up from 0.0185 to 0.0265
I sold out on 0.0215   

Does anyone know what is profit on CEX.IO pri GH/S?

On Cryptsy they show daily profit
Daily Distribution History
Date   Total Distribution   Per Share
2014-04-11   1.49409437 BTC   0.00014941 BTC
2014-04-12   1.13708599 BTC   0.00005685 BTC
2014-04-13   1.99584161 BTC   0.00009979 BTC
2014-04-14   2.03789711 BTC   0.00010189 BTC
Mining Contract 1 Specifications

20 Th/s Total Mining Power
Lifetime Contract - Payouts on this contract never end
Available in increments of 1 Gh/s
Total Shares Available: 20,000
Initial Price: 0.0185 BTC Each
No Trade Fees Until Initial 20,000 Shares have been disbursed
Daily Mining Payouts Directly To Your Cryptsy Balance

[RobFordWotWot]

The contract on cryptsy seems overpriced to me but it if you are willing to wait a while for your return, you will see the return.

[mvdheuvel1983]

Does anyone know if you get paid on your MN1 shares if they are waiting in a sell order?

[DNScode]

It does not seem to be that good of a deal. Did you calculated will it be profitable or not?

[mvdheuvel1983]

It does not seem to be that good of a deal. Did you calculated will it be profitable or not?

I bought them at a low level, didn't knew what to do with my btc at that point and this is better than doing nothing

And not only i get returns on these shares i can also sell them with a profit.

So that's why i ask if i can put them on a sell order and still get the returns until the order is filled.