[ANN] Mining Colocation - I'll maintain your FPGAs for 15% (GPUs in the future)

[Garr255]

I'm offering a mining proxy for FPGAs, and prospectively for full fledged GPU rigs.

I will maintain your:
Rigs    - 20% of coins mined Evaluating renting space with industrial grade power.
FPGAs - 15% of coins mined. I will provide a host, unless you would like to.

Your equipment will be stored in a secure location in an extremely safe neighborhood in Northern Idaho, where electricity rates are $0.07/kwh (http://www.kec.com/documents/rate_schedule_800_general_service_april_12.pdf)
Electricity is included, so my rates are irrelevant and here only if you are curious.

If you want to purchase your equipment and sent it directly to me, I will happily assemble and configure everything. Just provide the parts you'll need, such as risers and fans.

I will be offering contracts monthly, and for a maximum of six months per contract. You will pay shipping both ways.

I reserve the right to terminate operation with two weeks of notice, and return the hardware. In the event of an early termination I will cover shipping to the US.

Earnings will be rationed with commonplace mining software. FPGAs with MPBM.

I can also build your mining rig for free if you agree to a contract of two or more months and provide the parts necessary.
I will still build you a mining rig for free if I can mine with it for two weeks!

Questions, comments, and criticism are appreciated.

Thanks,
Garrett

[BinaryMage]

Would we pay electricity and the 10/15%, or does that number include electricity?

EDIT: Oh, and I'd suggest changing the title to mining colocation instead of mining proxy, as what you're offering is far closer to the former.

[Garr255]

Would we pay electricity and the 10/15%, or does that number include electricity?

EDIT: Oh, and I'd suggest changing the title to mining colocation instead of mining proxy, as what you're offering is far closer to the former.

Thanks, OP updated and electricity is included.

[kronosvl]

in case of FPGA who provides the host?

[likuidxd]

How are you going to meet power requirements? I'm guessing you rent since electricity is included, for now at least

[Clipse]

That price quote stipulates a maximum of 10 HP which is about 7.5KW allowed under those prices.

That wont hold alot of hardware unless solely fpga's I guess.

[Garr255]

in case of FPGA who provides the host?

I will.

Goat, likuidxd, Clipse: I'm looking into renting space with suitable power, which I would pay for on top of rent. OP updated.

[BinaryMage]

Earnings will be distributed every Saturday.

Not sure what you mean by this. We wouldn't be able to point our rigs to our pool of choice?

[Garr255]

Earnings will be distributed every Saturday.

Not sure what you mean by this. We wouldn't be able to point our rigs to our pool of choice?

Yes. OP updated.

[BinaryMage]

Earnings will be distributed every Saturday.

Not sure what you mean by this. We wouldn't be able to point our rigs to our pool of choice?

Yes. OP updated.

Where do you plan to point them?

[Garr255]

p2pool

[BinaryMage]

p2pool

Merged or solely Bitcoin?

[Garr255]

p2pool

Merged or solely Bitcoin?

I haven't looked into that at all with p2pool. Are there any drawbacks to merged mining? I'll do some research.

[streblo]

There are no additional drawbacks to merged mining besides slight additional overhead to the p2pool node.

FYI, Butterfly labs FPGAs (I'm not sure about other brands) cannot be run on p2pool currently because p2pool generates new blocks every ~10 seconds and the work sent to BFL Singles take longer than that. This will likely change in the future with updated software.

[Nyaaan]

Do you pay me if someone steals my FGPA from your house?

[seriouscoin]

Do you pay me if someone steals my FGPA from your house?

No, what kind of idiots trusting this service?

No insurance, no guarantee. I'm not saying the OP is bad, but shit happens... which in turn make the worst out of ppl.

[Garr255]

Nobody pays me if my FPGA gets stolen, so no, that is not something I can offer, although the likelihood of that happening is slim to none.

I am already doing this for a guy that lives in Argentina with one x6500 and he's been happy with how I've been handling it the whole time. I'm charging him 15%. He only wanted me to do this because his mail system doesn't always deliver, and he didn't want to risk losing an item like this. We've agreed that when he wants to sell it I will do everything and send him the coins.

[Nyaaan]

Nobody pays me if my FPGA gets stolen, so no, that is not something I can offer, although the likelihood of that happening is slim to none.

I am already doing this for a guy that lives in Argentina with one x6500 and he's been happy with how I've been handling it the whole time. I'm charging him 15%. He only wanted me to do this because his mail system doesn't always deliver, and he didn't want to risk losing an item like this. We've agreed that when he wants to sell it I will do everything and send him the coins.

Do you pay me if someone steals my FGPA from your house?

No, what kind of idiots trusting this service?

No insurance, no guarantee. I'm not saying the OP is bad, but shit happens... which in turn make the worst out of ppl.

The Argentinean guy trusts this service apparently.

[tgmarks]

I am surprised that I haven't seen more of this.  I'd think about this in the future. I'm still at the faze of having too much fun playing with my hardware to give it up right now.

[Garr255]

I am surprised that I haven't seen more of this.  I'd think about this in the future. I'm still at the faze of having too much fun playing with my hardware to give it up right now.

I'm at the same place