minning contracts | Bitcointalksearch.org

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: panadora78 on September 06, 2013, 03:29:51 PM

Quote from: monbux on September 06, 2013, 03:17:54 PM

I made an account there a while ago - It's closed to most members, it's not finished.

i ve read some reviews about some other providers but i need to get confirmation about the hole process not a specific provider does the mining contracts work ? thank you

I suggest buying shares in a mining company (ASICMINER if you can get it cheap, or Labcoin).

panadora78

newbie

Activity: 9

Merit: 0

Quote from: monbux on September 06, 2013, 03:17:54 PM

I made an account there a while ago - It's closed to most members, it's not finished.

i ve read some reviews about some other providers but i need to get confirmation about the hole process not a specific provider does the mining contracts work ? thank you

monbux

legendary

Activity: 1736

Merit: 1029

I made an account there a while ago - It's closed to most members, it's not finished.

panadora78

newbie

Activity: 9

Merit: 0

A mining contract is a way to allow the seller of the contract to rent his mining power to the buyer of the contract.

This means you can buy or sell mining power (or the obligation to pay bitcoins at the same rate as mining does).

We can't force sellers to mine bitcoins, but we can force them to pay the equivalent amount of bitcoins that mining would produce.

It is wise for sellers to have mining power to back up their contract, since this allows them to hedge against changes in network difficulty.

For example, buying a 1GH/s mining contract guarantees you will be paid the the same amount of bitcoins as a 1GH/s mining rig would produce (if that rig had no downtime, no stales, and no variance).
https://ferroh.com/mining/intro this is the source of the article

tspacepilot

legendary

Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

Hiya, can you say a bit more about what a mining-contract is? I mean, where did you hear about them, etc? That would help me to look up what you are talking about.

panadora78

newbie

Activity: 9

Merit: 0

i m asking here about mining contracts how real is it ? and if it is a trust-able service what is the best provider
thank you

Topic: minning contracts (Read 561 times)