Intresting development, looks like a lifetime contract. Ill buy some but i dont expect to make much profit unless btc diff drops
If btc diff drops that much, then there is probably something seriously wrong that will cause the price to drop, so, what I'm trying to say is that there is about a 0.00000001% chance that these things will be profitable.
It seems that the market is starting to "quiet down" in the sense that prices are lowering. But even at the current prices, a lot has to happen to make ROI on these contracts.
You never know though, Cryptsy could change the function of these shares to somehow make them actually "profitable."
I can't believe how many people here think this. As long as the price of your shares don't drop in value, ANY return is profit. There are no sunk costs at all. You need a ROI that exceeds the cost of the hardware only when doing the mining yourself, because you won't be able to sell the miner for the same price you paid for it. Just watch the share prices, and sell if the price drops lower than your purchase price with accrued interest. It's like buying a bond: The vast majority of bonds that people buy offer MUCH lower interest rates.