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ScreamnShout
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November 12, 2014, 05:44:59 AM |
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Note: this also assumes that there is a zero chance the cloud mining provider is a scam (I am sure that some are) - although I would say their prices are certainly a scam as there is essentially zero chance that anyone paying their asking prices will ever ROI on their contract.
I think it also highlights the competitive advantage that PB mining has as you are prepaying for electric costs in BTC instead of paying electric/maintenance out of mining revenue.
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ScreamnShout
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November 12, 2014, 06:33:37 AM |
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This is their price they are selling their cloud mining contracts, which are at scam levels. I have not calculated just what would need to happen to potentially break even on their contracts, however I do know that it would involve the difficulty declining substantially over the term of the contract |
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australwind
Newbie
 Offline
Activity: 3
Merit: 0
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November 12, 2014, 08:32:01 AM |
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20 BTC
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bidoh
Member
Offline
Activity: 79
Merit: 10
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November 12, 2014, 04:25:48 PM |
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hahahaha. good luck making 20BTC back
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RobertDJ
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November 12, 2014, 06:05:51 PM |
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hahahaha. good luck making 20BTC back
20 BTC
I would say this is almost certainly a shill, no one in their right mind would ever bid that much for 42 TH/s worth of mining for only 5 months |
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armedmilitia
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November 12, 2014, 06:11:52 PM |
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hahahaha. good luck making 20BTC back
20 BTC
I would say this is almost certainly a shill, no one in their right mind would ever bid that much for 42 TH/s worth of mining for only 5 months Funny you say that, if you take a look in erskpeter's other auction thread... the same newbie account made an offer 4x higher than all the current winning bids. |
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RobertDJ
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November 12, 2014, 06:24:35 PM |
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hahahaha. good luck making 20BTC back
20 BTC
I would say this is almost certainly a shill, no one in their right mind would ever bid that much for 42 TH/s worth of mining for only 5 months Funny you say that, if you take a look in erskpeter's other auction thread... the same newbie account made an offer 4x higher than all the current winning bids. That kind of activity probably works on eBay as people on eBay tend to be less educated about how much it costs to run these machines and how much these machines can expect to earn, but I don't think it will work here |
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erskPeter (OP)
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November 12, 2014, 06:27:00 PM |
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hahahaha. good luck making 20BTC back
20 BTC
I would say this is almost certainly a shill, no one in their right mind would ever bid that much for 42 TH/s worth of mining for only 5 months Funny you say that, if you take a look in erskpeter's other auction thread... the same newbie account made an offer 4x higher than all the current winning bids. That kind of activity probably works on eBay as people on eBay tend to be less educated about how much it costs to run these machines and how much these machines can expect to earn, but I don't think it will work here I'm not even sure i will accept the offer, as i stated an higher target price. The contract will return obviously more than 20 BTC. I understand you guys want a deal, but there is no such a thing as a free lunch. |
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RobertDJ
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November 12, 2014, 06:37:53 PM |
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hahahaha. good luck making 20BTC back
20 BTC
I would say this is almost certainly a shill, no one in their right mind would ever bid that much for 42 TH/s worth of mining for only 5 months Funny you say that, if you take a look in erskpeter's other auction thread... the same newbie account made an offer 4x higher than all the current winning bids. That kind of activity probably works on eBay as people on eBay tend to be less educated about how much it costs to run these machines and how much these machines can expect to earn, but I don't think it will work here I'm not even sure i will accept the offer, as i stated an higher target price. The contract will return obviously more than 20 BTC. I understand you guys want a deal, but there is no such a thing as a free lunch. What assumption do you make when you say that the contract will return more then 20 BTC? The difficulty would need to decrease substantially in order for this to be a possibility, however the diffciulty has never decreased more then two times in a row in the history of bitcoin. What you are saying is the next 5 months will be extraordinary for bitcoin mining |
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padrino
Legendary
Offline
Activity: 1428
Merit: 1000
https://www.bitworks.io
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November 13, 2014, 02:09:51 AM |
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hahahaha. good luck making 20BTC back
20 BTC
I would say this is almost certainly a shill, no one in their right mind would ever bid that much for 42 TH/s worth of mining for only 5 months Funny you say that, if you take a look in erskpeter's other auction thread... the same newbie account made an offer 4x higher than all the current winning bids. That kind of activity probably works on eBay as people on eBay tend to be less educated about how much it costs to run these machines and how much these machines can expect to earn, but I don't think it will work here I'm not even sure i will accept the offer, as i stated an higher target price. The contract will return obviously more than 20 BTC. I understand you guys want a deal, but there is no such a thing as a free lunch. How the hell do you figure, use your own damn estimates from earlier in the thread and you may end up negative at the end of the term.. Sure it's all speculation but I am at least using the numbers you suggested earlier in the thread... Normally I wouldn't be an ass like this but you are such an embarrassment to yourself.. |
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erskPeter (OP)
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November 13, 2014, 05:48:16 AM |
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hahahaha. good luck making 20BTC back
20 BTC
I would say this is almost certainly a shill, no one in their right mind would ever bid that much for 42 TH/s worth of mining for only 5 months Funny you say that, if you take a look in erskpeter's other auction thread... the same newbie account made an offer 4x higher than all the current winning bids. That kind of activity probably works on eBay as people on eBay tend to be less educated about how much it costs to run these machines and how much these machines can expect to earn, but I don't think it will work here I'm not even sure i will accept the offer, as i stated an higher target price. The contract will return obviously more than 20 BTC. I understand you guys want a deal, but there is no such a thing as a free lunch. How the hell do you figure, use your own damn estimates from earlier in the thread and you may end up negative at the end of the term.. Sure it's all speculation but I am at least using the numbers you suggested earlier in the thread... Normally I wouldn't be an ass like this but you are such an embarrassment to yourself.. Here you are the only reason to be embarassed, also, change your nickname, you don't deserve it  |
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