The "trust based" approach is likely to cause disagreements about proper distribution of profits between you and your customers.
However, if you want to avoid running this as an actual business, your approach might work if you find people whose needs match your profile.
Good luck!
Onkel Paul
i could just offer hosting prices 60-65$ a kw ,but i figure offering it as a partnership would be better as the person would pay less for hosting but yet i would still make some btc for my time and work i put in
but i think ur right , if i just offered hosting at the prices i said above there would prolly be a ton of ppl that would gladly pay that price versus what some of the other places get
I think offering a set structure to will be best. Sharing profit's sounds good but it just is pretty open and hard to do if your hosting a lot of different miners. Each model would have a different split. Just get's really really complicated.
It would take a lot of trust upfront. People would want to see pictures of it making sure it's not a deathtrap for miners.
I agree, trust is the biggest issue- I think it was Minersource that just F&%$ed a bunch of people. I live in TN and our rates are also some of the best in the country- we pay right at $0.10 but the rates drop to like $0.06 per kW after the first 50 kW. My miners use 50 kW now and it would be beneficial to me to take on some people and share the price but not only would I need to be trusted with the equipment but heaven forbid there is a fire or the miners are stolen- then what?