Sorry for double post.
Alternative price points could be:
1299 for 1 GH/s/6 months
2499 for 2 GH/s/6 months
5499 for 5 GH/s/6 months
Theoretically no minimum purchase.
That is off the top of my head, I might be able to work them down if I review my model.
Does anyone else have an opinion of the renewable fixed contracts versus practically indefinite shares
Topic: Minning Contracts (Read 796 times)
4 years in mining terms is a lifetime.
renewable contracts every 6 months, and you might have a winning proposal.
renewable contracts every 6 months, and you might have a winning proposal.
If I were to offer something like that, what do you think the price should look like? reasonably speaking?
The reason why I offered the 4 year share, is because when I researched competitors to create my model, I noticed that mining contractors where charging people for the hardware and for future hardware. In extreme cases they even charge their customers for making a profit.
As I reviewed the different models it seemed to me that the best way to insure that my customers could produce a profit would be to treat them as if I was selling them a physical piece of hardware. Where the profits are their own.
1 GH/s isn't going to produce a profit for 4 years.
But because it is prorated with a minimum number of years, it is almost like I'm selling hardware that grows and comes with a 4 year warranty.
As opposed to renew contracts, customers would purchase more shares every so often if it remained profitable. I plan to increase the minimum share hashing power every 6 months at a minimum which I think will help to keep up with difficulty.
But obviously, if that's not popular I can rework the numbers and see what I can do.
Such as offer more GH/s for a short but fixed period as you seem to suggest.
4 years in mining terms is a lifetime.
renewable contracts every 6 months, and you might have a winning proposal.
renewable contracts every 6 months, and you might have a winning proposal.
Hello, my name is Shane Farrar. While I am not new to bitcoin or the forums (lurker) I have finally made an account here.
I noticed that there are a lot of places selling mining contracts that are scams, with only a few legitimate ones. I created a business plan in an attempt to offer a legitimate service for mining contracts. While there service is not up yet and things are subject to change I was hoping to get some feed back on the price point that I have come up with for the service. I wanted to put it up to scrutiny as I finalize it in the coming weeks. If it holds, I hope to start kick this thing off.
Basically I am hoping to offer shares at $24.99 each. These shares will come with:
What do you guys think?
I noticed that there are a lot of places selling mining contracts that are scams, with only a few legitimate ones. I created a business plan in an attempt to offer a legitimate service for mining contracts. While there service is not up yet and things are subject to change I was hoping to get some feed back on the price point that I have come up with for the service. I wanted to put it up to scrutiny as I finalize it in the coming weeks. If it holds, I hope to start kick this thing off.
Basically I am hoping to offer shares at $24.99 each. These shares will come with:
- A MINIMUM guarenteed 1 GH/s at any given time.
- There will be soft prorates that will increase hashing power of a share for an unspecified amount of time. And there will be hard prorates that will increase the MINIMUM atleast twice a year at an amount depending on hardware improvements.
- A minimum of 4 years service. Contracts will continue to run after 4 years if they remain profitable.
- No mandatory Reinvestment
- No hidden fees
- No skimming of the coins produced by the shares.
- No repair, power, or equipment fees for the first 4 years (up to 5% of production thereafter)
What do you guys think?
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