As someone who has very limited understanding of mining I was wondering if anyone with more knowledge than me (probably everyone) could give me some idea on the mining contracts cryptsy is currently selling
https://www.cryptsy.com/currencies/view/139Don't really care $ ROI but more interested in a rough idea of bitcoin ROI
I know it will vary but a really rough guideline would be great
Run and avoid at all costs... This is a similar attempt to turn hashing power into a commodity. Read the thread on LabRat mining and see how well that turned out. (Read the last few pages
https://bitcointalk.org/index.php?topic=251423.0;topicseen)
You aren't mining in this circumstance on cryptsy, you're investing into someone else's infrastructure. The fact that it says "
Currently the provider has asked us not to disclose this information. You can be assured that we would not do business with anybody who is less than reputable." is highly suspect, there's no reason they can't disclose what mining company or equipment they are using. This could easily be a ponzi scam being run and Cryptsy might not even be aware of it.
Avoid.