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?
Topic: Low Risk Bitcoin Investment - page 2. (Read 4675 times)
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?
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).
$25/Day for all 3 GPUs and a jumbo bag of pretzel sticks and a carton of newport lights delivered to my door every tuesday, and fish oil capsules 1000mg delivered bi-weekly (day does not matter).
[The] expected output per day is BTC 1.91676164526 (USD 10.35 at current MtGox rate).
What do MtGox's market rates have to do with my services?
If I jump on your wagon for one day I pay you USD 25 and I can expect to get less than BTC 2 back, meaning that I have paid more than USD 12.50 per BTC — that's pretty expensive compared to the current market price. I'd be better off bying BTC 4.50 for USD 25 on the market. So you can say that MtGox' market rates are relevant for me to assess if your offer is indeed a “low risk bitcoin investment” or not (and I'd definitely say not).
Cheers,
300 mh/s would net 2 btc/day ~ 11$/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$?)
(or have I misunderstood you and you're actually selling gpus for 25$?)
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 $55, barely more than two days of your service. I'm not the only seller out there, and we all adjust our rates based on the various markets.
300 mh/s would net 2 btc/day ~ 11$/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$?)
(or have I misunderstood you and you're actually selling gpus for 25$?)
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?
$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.
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.
I have 3 spare GPUs at approx 300 mh/s, I will point one gpu at the pit of your choice for $25/day.
I'm sorry, but that sounds awfully expensive? At 300 Mhash/sec and the current difficulty of 157426.20628986, the expected output per day is BTC 1.91676164526 (USD 10.35 at current MtGox rate).
Cheers,
This thread makes me lol... and it hasn't even gotten going yet!
300 mh/s would net 2 btc/day ~ 11$/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$?)
(or have I misunderstood you and you're actually selling gpus for 25$?)
I have 3 spare GPUs at approx 300 mh/s, I will point one gpu at the pit of your choice for $25/day.
Jump to: