Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
xhomerx10
on 08/07/2014, 13:46:29 UTC
We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.


 Are there any PPS pools left?  50BTC charges a 6% fee on PPS and most have dropped PPS mainly due to the pool hopping issue.
That 6% is going to come out of the franchisee's cut which makes it look slightly less desirable unless of course you're going to miner solo but you're going to need quite a few 850GH/s miners to make that work.