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Author Topic: Going rate for Mining Contracts  (Read 869 times)
dizzy1 (OP)
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April 18, 2012, 06:45:13 PM
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So I have a small farm constisting currently of 2 6850s, 4 5870s, 1 5870m and a 5970, that totals to about 3GH. Now I have a deal currently going down to get another 2 5970s to add another 1.4GH but I don't have enough money currently to afford them. So I propose that I will mine for someone for 30 days. I'm thinking about 52BTC to start and another 25BTC when I acquire the new cards. Is this around the going rate? Thoughts? Question? Ask away.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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April 18, 2012, 07:02:44 PM
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Not sure what you are asking?

The value of 3GH/s (0% downtime, 0% stales, 0% pool fees) is ~ 58 BTC per 30 days.

http://www.alloscomp.com/bitcoin/calculator.php

Someone looking to purchase a contract would be paying less than that how much less depends on how desperate you are willing to sell and how much they trust you.

In essence a mining contract is simply a loan paid back on a share basis.  The "interest" determines how much less that expected value the contact sells for.
dizzy1 (OP)
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April 18, 2012, 07:11:02 PM
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Saying you were offering this, what would you charge? These are my stats at abcpool.co, I've been mining there for about 17 hours now.

https://minus.com/m3jL71EP1/1f
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