That is very true...
The idea here is mine more BTC then spent on the mining setup. Cashing in will come later once the BTC has appreciated a bit.
That being said, I am interested as previously stated.
Cheers...
Topic: Your thoughts on a $3.00 - $3.24 per GH/s per Year Bitcoin Mining Contract - page 3. (Read 8886 times)
September 22, 2013, 03:57:52 AM
September 22, 2013, 03:55:24 AM
I completely agree that it all comes down to making a decent return on your investment. For me, I would never purchase a Bitcoin mining hardware or contract just to have a chance of breaking even. But from what I have seen, it does not seem to stop a lot of people from making such purchases.
However, no one can truly guarantee a return on your investment in fiat currency when it comes to Bitcoin. But you can guarantee a return in BTCs, it is just a simple matter of how many BTCs you have in reserve just in case. If someone is mining for Bitcoins with the sole purpose of exchanging them for fiat currency right away, then there are no guarantees and your milage will vary.
Also from what I have seen, the best seat in the house right now belongs to ASIC manufactures for Bitcoin mining hardware, they are the only ones guaranteed to make a decent ROI. I am very tempted to join them.
However, no one can truly guarantee a return on your investment in fiat currency when it comes to Bitcoin. But you can guarantee a return in BTCs, it is just a simple matter of how many BTCs you have in reserve just in case. If someone is mining for Bitcoins with the sole purpose of exchanging them for fiat currency right away, then there are no guarantees and your milage will vary.
Also from what I have seen, the best seat in the house right now belongs to ASIC manufactures for Bitcoin mining hardware, they are the only ones guaranteed to make a decent ROI. I am very tempted to join them.
September 22, 2013, 12:45:56 AM
Regardless of how much better it is than the 'competition' and I use that word very loosely, in the end all the purchaser wants is a good chance at a decent ROI.
At 10 USD per TH like BFL is looking to charge in Jan/Feb 2014 there is little or no chance to every break even.
Cheers...
At 10 USD per TH like BFL is looking to charge in Jan/Feb 2014 there is little or no chance to every break even.
Cheers...
September 22, 2013, 12:00:39 AM
It's about 3x better than BFL's deal.
And if you factor in when they'll start mining and assume you start January 1st, it's about 30x better.
And if you factor in when they'll start mining and assume you start January 1st, it's about 30x better.
September 21, 2013, 10:28:36 PM
I would offer 25k for 10TH...
I would need to see proof of concept and verifiable proof of the business plan.
The January start is essential to hold this price.
Cheers,
I would need to see proof of concept and verifiable proof of the business plan.
The January start is essential to hold this price.
Cheers,
September 21, 2013, 08:45:08 PM
I like your sense of humor. Where is my Dorothy to say to me: "you had me at hello".
September 21, 2013, 07:55:12 PM
It would be great deal if it started mining a year ago. 
September 21, 2013, 07:03:44 PM
... Guarantee that you will have at least as much BTCs in returns as you invested (I will make for the shortfall if necessary). If you paid in fiat currency, your equivalent amount of BTCs will be locked in...
September 21, 2013, 06:22:48 PM
...for Pre-Order, ...
You lost me there. September 21, 2013, 06:20:31 PM
Hello all,
If I were to offer a 1 year Bitcoin mining contract for $3.00 - $3.24 per GH/s for Pre-Order, would you consider it to be a good deal or a great deal?
Contract period: January 1, 2014 to December 31, 2014.
Fully hosted solution in a Tier III data center.
Purchased in blocks of 250 GH/s for $810 each or purchased in blocks of 5 TH/s for $15,000 each (additional blocks of 250 GH/s for $750 each).
Bi-weekly payouts (with no transaction fees) and all payouts will be in BTCs, no exceptions.
Transparent payout calculations based on your percentage of the total Bitcoin network's hash rate (calculated every 2016 blocks - in sync with difficulty changes).
Secured website to monitor all of your payments and manage your Bitcoin payment addresses.
No other fees.
If I were to offer such a deal, I would do the following:
Accept BTC as the preferred payment method.
Accept Credit Cards through PayPal or Amazon.
Accept Dwolla.
Provide refunds minus any transaction fees.
Guarantee that you will have at least as much BTCs in returns as you invested (I will make for the shortfall if necessary). If you paid in fiat currency, your equivalent amount of BTCs will be locked in when your payment was processed using the following rate table (https://bitpay.com/bitcoin-exchange-rates). Who else is going to make such a guarantee without the fear of losing BTCs.
Some background info:
I have 15 years of experience as a Systems Administrator, Systems Integrator, and a Network Architect. (I hold many certifications)
Some background in Electrical/Electronics Engineering.
Started mining Bitcoin in late 2009 on my Virtex-6 LX240T FPGA development board.
If I were to offer a 1 year Bitcoin mining contract for $3.00 - $3.24 per GH/s for Pre-Order, would you consider it to be a good deal or a great deal?
Contract period: January 1, 2014 to December 31, 2014.
Fully hosted solution in a Tier III data center.
Purchased in blocks of 250 GH/s for $810 each or purchased in blocks of 5 TH/s for $15,000 each (additional blocks of 250 GH/s for $750 each).
Bi-weekly payouts (with no transaction fees) and all payouts will be in BTCs, no exceptions.
Transparent payout calculations based on your percentage of the total Bitcoin network's hash rate (calculated every 2016 blocks - in sync with difficulty changes).
Secured website to monitor all of your payments and manage your Bitcoin payment addresses.
No other fees.
If I were to offer such a deal, I would do the following:
Accept BTC as the preferred payment method.
Accept Credit Cards through PayPal or Amazon.
Accept Dwolla.
Provide refunds minus any transaction fees.
Guarantee that you will have at least as much BTCs in returns as you invested (I will make for the shortfall if necessary). If you paid in fiat currency, your equivalent amount of BTCs will be locked in when your payment was processed using the following rate table (https://bitpay.com/bitcoin-exchange-rates). Who else is going to make such a guarantee without the fear of losing BTCs.
Some background info:
I have 15 years of experience as a Systems Administrator, Systems Integrator, and a Network Architect. (I hold many certifications)
Some background in Electrical/Electronics Engineering.
Started mining Bitcoin in late 2009 on my Virtex-6 LX240T FPGA development board.
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