Bitcoin Mining Contract #2
This is our second issuance of mining contracts for Bitcoin with a total hashing power of 100Th/s.
What is a mining contract?
For this offering, we have 100 Th/s of hashing power dedicated to mining bitcoin which is part of a much larger network of hashing power. This means more consistent payouts of blocks mined. Every day, users who own shares of this will receive 1/10000 of the payout for each share owned. Users can buy any number of shares available (each share represents 10 Gh/s of hashing power). These are lifetime shares, which mean they never expire.
How much do I get paid and when?
The 100Th/s total hashing power is part of a network of over 3 Ph/s. On a daily basis we calculate and distribute to users who have shares of this contract 1/10000 of the total contract payout to each of the shares. If you own 100 shares, then you will receive 1/100 of the total contract payout. You must be holding shares at the time of disbursement to receive a payout.
Who is providing the mining?
Currently the provider has asked us not to disclose this information. You can be assured that we would not do business with anybody who is less than reputable.
What is a lifetime contract?
This means that it isn't a term agreement like 1 year. You could continue to hold these for multiple years. There will, however, come a time where Bitcoin difficulty has risen to a level where 100 Th/s is no longer producing very many dividends. We anticipate a full rate of return within 12 months or less with shares still having value at that point.
Mining Contract 2 Specifications
- 100 Th/s Total Mining Power
- Lifetime Contract - Payouts on this contract never end
- Available in increments of 10 Gh/s
- Total Shares Available: 10,000
- Initial Price: 0.180 BTC Each for first 24 hours of offering (04/22/2014 18:10:00 EST)
- Price: 0.185 BTC Each for 24 - 48 hours from initial offering (If not all sold)
- Price: 0.19 BTC Each after 48 hours of initial offering (If not all sold)
- No Trade Fees Until Initial 10,000 Shares have been disbursed
- Daily Mining Payouts Directly To Your Cryptsy Balance
Go to MN2/BTC Market https://www.cryptsy.com/markets/view/196
