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Author Topic: [IDEA] Block Based Cloud Mining  (Read 735 times)
Coinbuddy
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July 12, 2014, 05:13:38 AM
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Hi,
Yesterday i have thought about mining and its development while i am thinking about this i got an idea of block based mining.On cloud mining website we buy GHS and mine randomly with our specific mining power.
But i got an idea that now cloud mining should also add this idea " Block Based Mininh ".In this users will select the appropiate amount of GHS and the no of blocks they want to mine and pay the cost.
When the next two blocks will be mined they will get their reward and there mining will be stopped

like i selected

1 T/hs for 10 blocks

What do you think about this idea?
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joshraban76
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July 13, 2014, 07:03:51 PM
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The last I read was the the average block time for 700 TH was 4days. How would this convert into cost per block or hash rate? I have serious doubts that this could work.

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July 13, 2014, 11:12:51 PM
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The last I read was the the average block time for 700 TH was 4days. How would this convert into cost per block or hash rate? I have serious doubts that this could work.

They price will be selected by GHS price.
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