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Topic: Anyone willing to buy Mhash/s? / distributed hashing - page 3. (Read 8353 times)

hero member
Activity: 683
Merit: 500
Indeed too little hash, but I like the idea, put me on the list for the next round  Wink
member
Activity: 83
Merit: 10
I'm in if you do this again!
hero member
Activity: 860
Merit: 1004
BTC OG and designer of the BitcoinMarket.com logo
Is there any chance i could get a few slots please?
newbie
Activity: 10
Merit: 0
I'd like to participate.  Any chance you can squeeze me in?
Emailing you.
sr. member
Activity: 357
Merit: 250
imho 30Mhash - is to little hash to deal with... it's just 1 new Nvidia GPU
hero member
Activity: 532
Merit: 505
for those that dont have any and dont want to trade on the markets for 1coin,
PM me and i'll send you 1 or 2 (depending on my mood) to get some chunks.

hurry up before its to late.  Cheesy
full member
Activity: 183
Merit: 100
Bitcoin Faucet 2.0 it sounds like.  i'm in.

sr. member
Activity: 337
Merit: 285
So this is like a futures market for gold mining, as you are selling contracts based upon your mining capacity.  Hmm.

I like the idea, but there is no way that I can see that your customers can audit you, or otherwise verify for themselves of your honesty.  Would you be willing to go to the extra trouble of a self audit, and publish it in some manner?

What is your business model here?  In other words, what do you expect to gain from the renting of this generation capacity that you could not otherwise get from the generation capacity directly?
This is just an attempt to help people with less hashing power get some bitcoins. If difficulty stays low, I'll actually give bitcoins away for free. I think there are many users with less then 1 BTC and some that have > 1000 BTC. those with only 1 BTC can't afford to pay services with bitcoins and mtgox keeps the bitcoins for 30 days because of paypal.
legendary
Activity: 1708
Merit: 1010
I'll plan offering service that'll allowing you to buy Mhash/s of my GPU cluster for a limited period. You'll get a part of the generated coins after a week according to the number of Mhash/s you bought. So, if you buy 1 Mhash/s for one week for 3 BTC the cluster will generate about 5,5 BTC for you which you will get after the week. You'd win about 2,5 BTC in this case. If difficulty goes crazy or the cluster doesn't generated a single block (unlikely) in that week, you'll get less or even nothing.

You can buy more or even less than 1 Mhash/s. For easier calculation the amount you buy must be in multiplies of 1/6 Mhash/s.

1/6 Mhash/s for one week = 0.50 BTC

I'll offer a total of 30 Mhash/s. If you're interested please email me at [email protected] with the amount of 1/6 Mhash/s-chunks you want and your bitcoin adress for payment. I'll then give you an address to send the bitcoins to. For 2 Mhash/s buy 12 chunks.

If this works well, I'll start a service selling up to a few Ghash/s.

Update: 10.833 Mhash/s left


So this is like a futures market for gold mining, as you are selling contracts based upon your mining capacity.  Hmm.

I like the idea, but there is no way that I can see that your customers can audit you, or otherwise verify for themselves of your honesty.  Would you be willing to go to the extra trouble of a self audit, and publish it in some manner?

What is your business model here?  In other words, what do you expect to gain from the renting of this generation capacity that you could not otherwise get from the generation capacity directly?
sr. member
Activity: 337
Merit: 285
Possible to pay with another method other than bitcoin, as i don't have any at the mo.

You can buy bitcoins at mtgox.com or get 0.50 free bitcoins at the faucet: freebitcoins.appspot.com
hero member
Activity: 860
Merit: 1004
BTC OG and designer of the BitcoinMarket.com logo
Possible to pay with another method other than bitcoin, as i don't have any at the mo.
sr. member
Activity: 337
Merit: 285
Got the mail Smiley
hero member
Activity: 532
Merit: 505
nice idea,

i'd take 'em all, but for now to leave some space for others,  Grin
i'm in for 3 Mhash/s, or 18chunks.

mail is on its way.
sr. member
Activity: 337
Merit: 285
so if I understand correctly, you take all the coins the cluster generates in a  week and divide them among the investors, in proportion to how much Mhash/s they rented?  Or do I only get the coins that "my own" rented GPUs generate?

You get what your rented Mhash/s would have generated on their own. The interesting part is, that this can be far less than 50 BTC. You could invest 0.50 BTC and get 1.2 BTC after a week, even if one Mhash/s would generate only one block every two months.
legendary
Activity: 938
Merit: 1001
bitcoin - the aerogel of money
so if I understand correctly, you take all the coins the cluster generates in a  week and divide them among the investors, in proportion to how much Mhash/s they rented?  Or do I only get the coins that "my own" rented GPUs generate?
sr. member
Activity: 337
Merit: 285
I'll plan offering service that'll allowing you to buy Mhash/s of my GPU cluster for a limited period. You'll get a part of the generated coins after a week according to the number of Mhash/s you bought. So, if you buy 1 Mhash/s for one week for 3 BTC the cluster will generate about 5,5 BTC for you which you will get after the week. You'd win about 2,5 BTC in this case. If difficulty goes crazy or the cluster doesn't generated a single block (unlikely) in that week, you'll get less or even nothing.

You can buy more or even less than 1 Mhash/s. For easier calculation the amount you buy must be in multiplies of 1/6 Mhash/s.

1/6 Mhash/s for one week = 0.50 BTC

I'll offer a total of 30 Mhash/s. If you're interested please email me at [email protected] with the amount of 1/6 Mhash/s-chunks you want and your bitcoin adress for payment. I'll then give you an address to send the bitcoins to. For 2 Mhash/s buy 12 chunks.

If this works well, I'll start a service selling up to a few Ghash/s.

Update: 0 Mhash/s left
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