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Author Topic: Going rate for Mining Contracts  (Read 725 times)
dizzy1
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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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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.
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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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