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Author Topic: Low Risk Bitcoin Investment  (Read 4240 times)
charliesheen
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May 12, 2011, 05:24:46 AM
 #1

I have 3 spare GPUs at approx 300 mh/s, I will point one gpu at the pit of your choice for $25/day.

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vuce
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May 12, 2011, 05:32:30 AM
 #2

300 mh/s would net 2 btc/day ~ 11$/day. How is hoping for a 127% increase in value just to get even a "low risk investment"?

(or have I misunderstood you and you're actually selling gpus for 25$?)
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May 12, 2011, 05:36:46 AM
 #3

This thread makes me lol... and it hasn't even gotten going yet!
kseistrup
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May 12, 2011, 05:37:09 AM
 #4


I have 3 spare GPUs at approx 300 mh/s, I will point one gpu at the pit of your choice for $25/day.


I'm sorry, but that sounds awfully expensive?  At 300 Mhash/sec and the current difficulty of 157426.20628986, the expected output per day is BTC 1.91676164526 (USD 10.35 at current MtGox rate).

Cheers,

Klaus Alexander Seistrup
http://about.me/kseistrup
FooDSt4mP
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May 12, 2011, 05:40:47 AM
 #5

$10 < $25
true story


If you want people to overpay for mining, you have to do longer term contracts like vladimir.  The loss is easier to calculate when you look at the short term.

As we slide down the banister of life, this is just another splinter in our ass.
charliesheen
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May 12, 2011, 06:14:44 AM
 #6

300 mh/s would net 2 btc/day ~ 11$/day. How is hoping for a 127% increase in value just to get even a "low risk investment"?

(or have I misunderstood you and you're actually selling gpus for 25$?)


I'm sorry, but that sounds awfully expensive?  At 300 Mhash/sec and the current difficulty of 157426.20628986, the expected output per day is BTC 1.91676164526 (USD 10.35 at current MtGox rate).

Cheers,

What do MtGox's market rates have to do with my services?

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May 12, 2011, 06:21:17 AM
 #7

300 mh/s would net 2 btc/day ~ 11$/day. How is hoping for a 127% increase in value just to get even a "low risk investment"?

(or have I misunderstood you and you're actually selling gpus for 25$?)


I'm sorry, but that sounds awfully expensive?  At 300 Mhash/sec and the current difficulty of 157426.20628986, the expected output per day is BTC 1.91676164526 (USD 10.35 at current MtGox rate).

Cheers,

What do MtGox's market rates have to do with my services?

I just sold someone 10 BTC for $55, barely more than two days of your service.  I'm not the only seller out there, and we all adjust our rates based on the various markets.

As we slide down the banister of life, this is just another splinter in our ass.
kseistrup
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May 12, 2011, 06:38:20 AM
 #8



[The] expected output per day is BTC 1.91676164526 (USD 10.35 at current MtGox rate).


What do MtGox's market rates have to do with my services?


If I jump on your wagon for one day I pay you USD 25 and I can expect to get less than BTC 2 back, meaning that I have paid more than USD 12.50 per BTC — that's pretty expensive compared to the current market price.  I'd be better off bying BTC 4.50 for USD 25 on the market.  So you can say that MtGox' market rates are relevant for me to assess if your offer is indeed a “low risk bitcoin investment” or not (and I'd definitely say not).

Cheers,

Klaus Alexander Seistrup
http://about.me/kseistrup
lacedwithkerosene
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May 12, 2011, 08:24:50 AM
 #9

I am afraid that my definition of low risk is more conservative than yours. May I propose a counter offer?

$25/Day for all 3 GPUs and a jumbo bag of pretzel sticks and a carton of newport lights delivered to my door every tuesday, and fish oil capsules 1000mg delivered bi-weekly (day does not matter).

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May 12, 2011, 09:28:19 AM
 #10


What do MtGox's market rates have to do with my services?

Everything since that's the offer you've got to beat to get interest?

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
charliesheen
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May 12, 2011, 09:50:58 AM
 #11

Why again is it a good idea to sell Bitcoins right now?

kseistrup
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May 12, 2011, 09:55:07 AM
 #12

Why again is it a good idea to sell Bitcoins right now?

Alternative 1: I pay you $25 for 1 day's mining and get BTC 2.00 back.  I let the BTC sit in my wallet until better days.

Alternative 2: I buy BTC 4.50 for $25 on the market.  I let the BTC sit in my wallet until better days.

Now tell me: Which investment sounds more healthy / less risky to you?

Cheers,

Klaus Alexander Seistrup
http://about.me/kseistrup
vuce
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May 12, 2011, 09:56:03 AM
 #13

Why again is it a good idea to sell Bitcoins right now?

Alternative 1: I pay you $25 for 1 day's mining and get BTC 2.00 back.  I let the BTC sit in my wallet until better days.

Alternative 2: I buy BTC 4.50 for $25 on the market.  I let the BTC sit in my wallet until better days.

Now tell me: Which investment sounds more healthy / less risky to you?

Cheers,

this, excellent point.
Dusty
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May 12, 2011, 10:04:41 AM
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What do MtGox's market rates have to do with my services?
People like you with no education at all in economics is what made possible to have a fiat currency like the dollar used all over the world ;-)

Articoli bitcoin: Il portico dipinto
jkminkov
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May 12, 2011, 12:53:17 PM
 #15

how about I do NOT use your service for 1 month thus saving $750, instead I buy 3 x 5850 from local shop for 3 x $200, and when I draw the line I will get 5 years FREE service, not just one month!

Bleutrade
600 dollars in one place talking - Dudes, hooray, Bitcoin against us just one, but we are growing in numbers!
stic.man
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May 12, 2011, 01:36:23 PM
 #16

I don't think this offer is so off the wall for someone who is speculating that bitcoin will continue growth well beyong 10-20 bucks per.  If you have a year long contract and bitcoins exceed that price point within a month and continues to rise you are getting a really great deal for those other 11 months.  Say it hit $100 within that year, even at 1BTC a day you are making 365BTC.  You'd have spent $9000 for 36,000 worth of coins

AllYourBase
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May 12, 2011, 01:45:18 PM
 #17

I have 3 spare GPUs at approx 300 mh/s, I will point one gpu at the pit of your choice for $25/day.

To clarify, are you only offering a term of one day, or can someone contract with you for say a few months?
BitLex
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May 12, 2011, 02:06:41 PM
 #18

I don't think this offer is so off the wall for someone who is speculating that bitcoin will continue growth well beyong 10-20 bucks per.

why would someone pay $2, if he can have it for $1?
if someone who is speculating that bitcoin will continue growth,
why would he pay 25 bucks to generate 2BTC, instead of paying 25 bucks to buy 4BTC?

he'd make twice as much profit, wouldn't it be silly to take the worse offer?

To clarify, are you only offering a term of one day, or can someone contract with you for say a few months?

and again, why would someone pay $750/month for 300Mh/s,
if one can get 800Mh/s for $280/month?
even 1Gh/s for £400/month would be a way better deal, but it's your choice.  Cheesy

and to the OP:
if you get more customers than you have GPUs,
feel free to give me a call, i could think about sending you some 300Mhashes/s for...let's say $22/day, that you can resell.

stic.man
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May 12, 2011, 03:10:00 PM
 #19

I don't think this offer is so off the wall for someone who is speculating that bitcoin will continue growth well beyong 10-20 bucks per.

why would someone pay $2, if he can have it for $1?
if someone who is speculating that bitcoin will continue growth,
why would he pay 25 bucks to generate 2BTC, instead of paying 25 bucks to buy 4BTC?

he'd make twice as much profit, wouldn't it be silly to take the worse offer?


when those 2 BTC are worth $50/day and you are still paying $25/day then who is getting the better deal?
BitLex
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May 12, 2011, 03:19:23 PM
 #20

$50/day? how would 2BTC be worth $50/day?
they might be worth $50 someday, so what?
4BTC would be worth $100 the same day.

but i get it,
you really believe, that paying $25 for 2BTC is a better deal than paying $25 for 4BTC.

we should do business together,
i'd really like to sell you 2BTC for $20, but feel free to pay $40.

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