Mining returns description - trying to keep it simple

byteminr

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Quote from: polarhei on September 09, 2013, 11:32:30 AM

Only three words for the mining.

Safe cracking game.

Description:
Each 10 minutes, There is a "treasure safe" appeared, You have to find a way to crack the combination to grab the prize as quick as possible. This is the game.

Thanks, this will help I'm sure. We're working on some new explainer videos and trying to work out the balance between making it sound too simple and therefore inaccurate, and too complex and worrying for newbies.

polarhei

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Firing it up

Quote from: byteminr on September 05, 2013, 12:13:54 AM

I'm getting asked this a lot right now by customers and those interested in mining for the first time.

I wanted to put this as simply as I can for people on my site so thought I'd check for opinion here on the easiest way to express it.

Here goes:

The simplest way to decide if a miner (physical hardware or virtual) is worth buying is to decide, for yourself, if it will mine more coins than it will cost to buy and run. If it does, buy it. If not, don't buy it.

That's mining returns in a nutshell. With hosted offers like ours it's easy to see the whole life cost so it makes the comparison even easier.

Make sense ?

I'm really keen to get some community feedback on this, it's pretty critical to mass adoption in mining and making dubious promises about returns ( as is often done sadly) is pretty much illegal in most countries.

Adrian
Founder
www.byteminr.com

Only three words for the mining.

Safe cracking game.

Description:
Each 10 minutes, There is a "treasure safe" appeared, You have to find a way to crack the combination to grab the prize as quick as possible. This is the game.

resheen

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simple

byteminr

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Quote from: klovishey on September 08, 2013, 07:13:28 AM

But sometimes buying coins is more complicated than buying miner Wink

This is still sadly true for many !

klovishey

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Selling Coupons Babie

But sometimes buying coins is more complicated than buying miner Wink

amencon

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Yeah that sounds about right.

byteminr

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Activity: 574

Merit: 256

CryptoTalk.Org - Get Paid for every Post!

I'm getting asked this a lot right now by customers and those interested in mining for the first time.

I wanted to put this as simply as I can for people on my site so thought I'd check for opinion here on the easiest way to express it.

Here goes:

The simplest way to decide if a miner (physical hardware or virtual) is worth buying is to decide, for yourself, if it will mine more coins than it will cost to buy and run. If it does, buy it. If not, don't buy it.

That's mining returns in a nutshell. With hosted offers like ours it's easy to see the whole life cost so it makes the comparison even easier.

Make sense ?

I'm really keen to get some community feedback on this, it's pretty critical to mass adoption in mining and making dubious promises about returns ( as is often done sadly) is pretty much illegal in most countries.

Adrian
Founder
www.byteminr.com

Topic: Mining returns description - trying to keep it simple (Read 1317 times)