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Author Topic: Thinking of a kind of mining colo service  (Read 6471 times)
demonofelru
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May 07, 2011, 03:15:50 AM
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Hello just throwing out an idea and not sure if anyone would be interested or what good terms would be.  I was thinking maybe for people who have high electricity costs would ship me their GPU, I would mine with it and send say 90% of the BTC to them I would keep 10% as a fee and then after 6 months the card is mine to keep.  Of course it would be me paying for the electricity and dealing with the heat.  Let me know what you guys think.

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matteumayo
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May 07, 2011, 03:22:37 AM
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What.  Undecided

demonofelru
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May 07, 2011, 03:24:31 AM
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What.  Undecided

Was my explanation not clear enough or do you just think it's not a good idea?

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May 07, 2011, 03:27:07 AM
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What.  Undecided

Was my explanation not clear enough or do you just think it's not a good idea?

Not to bee too harsh, but it just seems too risky from the consumer's PoV.

It does sound like a good idea if you did get some people to do it, though.

demonofelru
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May 07, 2011, 03:30:29 AM
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What.  Undecided

Was my explanation not clear enough or do you just think it's not a good idea?

Not to bee too harsh, but it just seems too risky from the consumer's PoV.

It does sound like a good idea if you did get some people to do it, though.

I'm sure I could work something out like put 3 months prepaid in clearcoin or something.  I am pretty trusted on the forums and have had multiple hundreds of BTC I could have just left with but yeah it could be risky.

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Insti
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May 07, 2011, 06:13:43 AM
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Is your target market people who live where their power is generated by burning unicorn horns?
Electricity would have to be insanely expensive for this to be a good deal.

Anonymous
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May 07, 2011, 06:37:05 AM
 #7

Why would you own the card at the end of the rental period ?  Since the person who sends the card is the owner isnt it better to share profits for as long as the card is mining ?

When a company rents me something I dont get to own the property at the end of the lease....





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May 07, 2011, 07:22:16 AM
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Why would you own the card at the end of the rental period ?  Since the person who sends the card is the owner isnt it better to share profits for as long as the card is mining ?

When a company rents me something I dont get to own the property at the end of the lease....

An agreement COULD be structured that way. The price would have to be a bit higher, of course.

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demonofelru
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May 07, 2011, 09:09:08 AM
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Why would you own the card at the end of the rental period ?  Since the person who sends the card is the owner isnt it better to share profits for as long as the card is mining ?

When a company rents me something I dont get to own the property at the end of the lease....






I never said i was renting the card.  Not sure why you guys are saying this is expensive at all.  Compared to other services this is actually VERY cheap.  For example Vladimir sells mining contracts for 400 euro or pounds or whatever it is per gh/s a month. So let's say you wanted roughly .5 gh/s for 6 months with him it would cost 1,200 euro/pound. With me you send me 2 5850's which would go about .6 gh/s after the 10% and 5850's can be got for about $150 each. So you would get about 5 times more from this then vlad. In fact it would cost over 2 dollars a day for 24/7 mining so after 6 months it would cost me about $400 in electricity and they wouldn't have to worry about heat or noise.  The more I think about it it wouldn't be profitable for me anyway this is actually TOO cheap.   For them to get 24\7 mining indefinately would not make sense unless only gave them like 10% which would be kind of pointless.

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