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Author Topic: Mining contract offer (checking demand)  (Read 904 times)
[Tycho]
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April 20, 2012, 02:52:04 PM
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I would like to know is someone will be interested in buying mining contracts with following terms:
1000 BTC upfront for 1 year (365 days) of 5 GH/s hashpower or 36 628 938 accepted shares (preferred), directed to your account at Deepbit.
LR payment is also possible. Smaller hashates are available, but those may be less interesting for me.

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
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DeepBit
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April 20, 2012, 03:51:48 PM
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not at that rate, but if it was lowered maybe.
Well, another option is 8 months for 1000/12*8 = 666 BTC

Welcome to my bitcoin mining pool: https://deepbit.net ~ 3600 GH/s, Both payment schemes, instant payout, no invalid blocks !
Coming soon: ICBIT Trading platform
wogaut
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April 20, 2012, 04:10:15 PM
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I would like to know is someone will be interested in buying mining contracts with following terms:
1000 BTC upfront for 1 year (365 days) of 5 GH/s hashpower or 36 628 938 accepted shares (preferred), directed to your account at Deepbit.
LR payment is also possible. Smaller hashates are available, but those may be less interesting for me.

Which would mean a break even of about 15 months given current difficulty and bitcoin price.
Even if BTC goes up by 18%, one just breaks even after a year if difficulty stays the same.
Did I miss something?

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April 20, 2012, 04:12:48 PM
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Which would mean a break even of about 15 months given current difficulty and bitcoin price.
Even if BTC goes up by 18%, one just breaks even after a year if difficulty stays the same.
Did I miss something?
How it's related to bitcoin price ?
I don't know - I see that others are selling mining contracts, so why not offer something similar too, even cheaper ? :)
If the difficulty and block reward stays the same, it should be profitable.

Welcome to my bitcoin mining pool: https://deepbit.net ~ 3600 GH/s, Both payment schemes, instant payout, no invalid blocks !
Coming soon: ICBIT Trading platform
wogaut
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April 20, 2012, 04:14:45 PM
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Which would mean a break even of about 15 months given current difficulty and bitcoin price.
Even if BTC goes up by 18%, one just breaks even after a year if difficulty stays the same.
Did I miss something?
How it's related to bitcoin price ?
I don't know - I see that others are selling mining contract, so why not offer something similar too ? Smiley
If the difficulty and block reward stays the same, it should be profitable.

I see your point, I'm thinking too much of a miner paying bills in $$$. But 1000BTC for 1 year @ 5GH/s is not profitable; block rewards will not stay the same as we know.


wogaut
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April 20, 2012, 04:15:12 PM
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not at that rate, but if it was lowered maybe.
Well, another option is 8 months for 1000/12*8 = 666 BTC

That would be profitable (right now). Need to think about it.

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