Author

Topic: Mhash/s for rent (Read 2610 times)

Reikoku

full member

Activity: 140

Merit: 100

firstbits: 1kwc1p

Quote from: BtcNmcMiner on July 01, 2011, 09:42:44 AM

Quote from: lemonginger on July 01, 2011, 09:36:09 AM

why would someone pay X bitcoins for Y amount of bitcoins if Y

For the same reason that is always referenced when this question is asked. To get freshly mined bitcoins, no risk of ending up with stolen or illegally tainted bitcoins if they come direct from mining. This is worth a premium to some people.

This is the main reason, yes. Bitcoins without a history are worth more to some people.

BtcNmcMiner

full member

Activity: 236

Merit: 100

Quote from: lemonginger on July 01, 2011, 09:36:09 AM

why would someone pay X bitcoins for Y amount of bitcoins if Y

lemonginger

full member

Activity: 210

Merit: 100

firstbits: 121vnq

why would someone pay X bitcoins for Y amount of bitcoins if Y

CNMOH

member

Activity: 266

Merit: 10

You can't expect him to pay more than he produces, that wouldn't exactly be profitable.

Duffman

newbie

Activity: 70

Merit: 0

350MHash/s*10^6Hash/MHash*60s/min*60min/h*24h/d*7d/wk*Block/(1379223.4296725*2^32)Hash*50BTC/Block=
1.7867152481724483147159317204098 BTC/wk

if the difficulty is expected to go down to 1369044 or lower, this is worth it; if it isn't, then its not worth it. Wink

Sannyasi

sr. member

Activity: 454

Merit: 250

that will produce about .23 a day or 1.61 a week at current difficulty

fortismilites

newbie

Activity: 32

Merit: 0

Quote from: Reikoku on June 30, 2011, 11:34:49 PM

0.05 per MH/sec? That's very expensive.

I looked up some more prices and adjusted it to market average of 1.8 BTC week for full 350 Mhash/s ( compared to 2 BTC that ive seen with other people)

Reikoku

full member

Activity: 140

Merit: 100

firstbits: 1kwc1p

0.05 per MH/sec? That's very expensive.

fortismilites

newbie

Activity: 32

Merit: 0

Im renting out 350 Mhash/s for 1.8 BTC per week. pm me or post here for more info.