1 week mining contracts?

[Snowpea]

Would it be easy for me to sell 1 week mining contracts for my setup? ~3.2 G/hash or is this too small?
Wondering if there would be much interest in these kinds of deals.  Does anyone have experience with arrangements like these?  
Please feel free to share.

[1714044977]

1714044977

[1714044977]

1714044977

[1714044977]

1714044977

[Rainarrow]

I think 3.2Gh/s is decent. I've seen people sell contracts for 2x6990(~1.5Gh/s) before.

[DeaDTerra]

I bought a mining contract for 500 000 shares with a hash speed of about 3.5 Ghash, I think it's easier to sell the contract if you state share numbers instead of a speed. As it makes it more exact and is not effected by downtime
//DeaDTerra

[Snowpea]

what would be a competitive price for this hashrate?  and if i do it by shares, i wouldn't want to eat the cost of the stales if the pool they ask me to point to has high stale rate :-(  although it is nice to have an easier way to measure it by

[DeaDTerra]

what would be a competitive price for this hashrate?  and if i do it by shares, i wouldn't want to eat the cost of the stales if the pool they ask me to point to has high stale rate :-(  although it is nice to have an easier way to measure it by

No you say x amounts of shares independent if they are rejected,stale or accepted. The risk for that is on the purchaser. I would bid 15 BTC for 500 000 shares, if I can point them to any pool

[max in montreal]

id point to anyones pool if I was offered BTC for my 3878 Mhash/s for a week...what is the math to calculate shares?

[DeaDTerra]

id point to anyones pool if I was offered BTC for my 3878 Mhash/s for a week...what is the math to calculate shares?

You can use this calculator you put in 50 as difficulty and the amount of coins= amount of shares
http://www.alloscomp.com/bitcoin/calculator.php
I think that's correct at least
//DeaDterra

[pyramids]

How do mining contracts work?
I want to build an ASIC miner, but am more keen in the challenge and actually being able to finance it than operating the miner.
So either selling the result or renting it out sounds rather interesting.

[DeaDTerra]

How do mining contracts work?
I want to build an ASIC miner, but am more keen in the challenge and actually being able to finance it than operating the miner.
So either selling the result or renting it out sounds rather interesting.

Either you sell a amount of hashing power or a amount of shares, for a certain amount of BTC
//DeaDTerra

[prismspecs]

Do big financial firms have huge BTC operations I wonder?

[DeaDTerra]

Do big financial firms have huge BTC operations I wonder?

There are some big ASIC companies starting up but none that I know of is actually mining atm, most of them are at the idea or planning stage of their development.
//DeaDTerra

[Graet]

Do big financial firms have huge BTC operations I wonder?

no
but some are investigating BTC

[Snowpea]

i'm on your pool graet :-)

[bitbonus]

What are the power price at your place? I have turn off my 2x6990, because i currently will pay around 15% more for the power than I will get for the bitcoins.

[Snowpea]

live in an apartment where it's inclusive in rent and not metered