So, I have been talking to some close friends and fellow bitcoin enthusiasts about the project, trying to enlist their help. And they have offered me some support and helped me to promote a new strategy.
We are thinking about lowering the price and starting a crowd funding campaign that is make or break for our idea. If we raise the funds we can launch, and if not then it is all over.
We are going to try and match what we raise via crowd funding, provided that the customer base is there to raise a minimal amount to begin with.
If we can get 230+ people/contracts interested I think we can launch it. Otherwise we will "go home".
If we can get that level of support then we can start the price at:
1 GH/s per 6 months.
This will of course be in the same spirit of the above points.
No fees. No charging of what you produce. No crap.
Daily/Biweekly payouts etc.
Price: 995
This would mean that contracts would not actually start for another 3-5 months however. Which should be taken into account. I still think it would be a good deal. But I don't want to hide that fact from people.
Finally! Starting to see some very fair prices huh? Of course, this requires more of a grassroots kind of mining operation considering the crowd funding, but I feel that suits bit-coin rather well.
With Moore's law taken into consideration, 28nm/poorly made 20nm chips are going to be king for some time right now in bitcoin hardware. While making a killing on the new asci chips may not always be feasible, some degree of profitability should remain in the long term.
Bringing hashing prices down below $10 a piece should remain relatively profitable for some time, and I expect that the price above will easily drop with the price of hardware in the long term.
Any one have questions, comments, concerns, praise, or even criticism?