Hello, I am a new member to the boards, but I am not new to them (yes, I am a former lurker) lol.
At any rate, I've noticed a lot of scam mining contracts going up, and I was curious to see if I could develop a model that... well wasn't a complete scam.
I guess with all the frenzy around bitcoin lately, mining contracts are finding that they don't have to offer a legitimate service to make a killing.
At any rate, I've gone through a handful of proposals in my research and business plan and now I have two plans I wanted to bring into scrutiny before running with it, or dropping it all together.
Option1:
1 GH/s MINIMUM (with a prorate of the minimum hashing power 2-4 times a year)
Length of service is a minimum of 4 years. It will last longer if the contracts current hash rate can keep up with power consumption.
No reinvestment fees.
No siphoning the initial payment.
No service or maintenance fees for the first 4 years. Up to 5% thereafter.
Daily payouts.
Price: 2499
Option2:
2 GH/s MINIMUM (with 1 prorate at 3 months)
Length of service is 6 months
No reinvestment fees.
No siphoning the initial payment.
No service or maintenance fee.
Daily Payouts
Price 2499
As for the size of the prorate. The minimum prorate is 50% a year. But I plan to try and Prorate at 100% or more. It is mostly going to depend on the eveolution of hardware over the course of the contract.
Option 1 is a share model. So it will fluctuate in power but never fall below the minimum.
So thoughts?
Better ideas perhaps?
If I were to start offering a service like this, I feel like it should be transparent. So I am trying to expose and relay the groundwork alongside the bitcoin community.