My test machine had been mining for 71 days at 2.1-2.4 mBTC, yielding consistent payouts of over $20 CAD per week.
$20 CAD per week / 7 added up to almost $3 CAD per day. Divide that by 3 (these machines would mine in beneficiaries' homes overnight for 8 hours per night during off-peak hours for power rates, all beneficiaries would be living in Toronto Community Housing so their electricity would be paid for) $1 CAD per day for ~30 000 days is about $30 000 per beneficiary family which is enough to subsidize their gifted child's education by about 50%. What a horrifically shitty idea, I know.
And for the absolute final time, and blown up for everybody who wants me to build a model based on mine-and-trade.
MY FUNDERS WILL NOT BACK A PROJECT THAT EXPECTS POOR FAMILIES TO TRADE CRYPTOCURRENCIES. IT WAS LIKE PULLING TEETH TO CONVINCE THEM THAT BITCOINS AREN'T THE DEVIL'S MONEY AND THAT MODERN PCs ARE NOT DEVIL BOXES. *****IF YOU WANT TO WRITE SOFTWARE THAT WILL MINE WHATEVER IS MOST VALUABLE IN A GIVEN MOMENT AND PAYS USERS FOR THEIR EFFORT IN BITCOINS, YOU CAN HARDCODE THE PROCEEDS OF CPU MINING TO GO DIRECTLY TO YOUR OWN WALLETS*****. IF THIS IS NOT A PROJECT THAT SOUNDS INTERESTING TO YOU THEN PLEASE STOP REPLYING TO THIS THREAD.
Wait..
So in
82 years they will have enough for their education, I can't believe I am actually reading this.
Look you really don't need to lie to us, we get it. You're a scammer using kids as the bait to pull the heart strings of some funders. We know those computers will NEVER hit any kind of roi, or pay for any college, they will lose value and the gpus will need upgrading as well mining will continue to produce less and less as time goes on...
So to make this work you need some shady as hell programmer and pay em upfront... maybe $10k will get one on board
They do this
1 Set up private pool that is really just a fake front end to look like auto switching super secret max profit pool
2 Cheap computers that mine benchmarks so it looks like they are doing something and transmit some data to look legit
3 Portion of funding goes to the back-end that auto pays btc to the wallets
4 issue comes up where you need more funding
5 exit scam and you disappear
6 Profit!!!