Quote from: Blazedout419 on July 09, 2014, 02:13:27 AM

Quote from: Mabsark on July 08, 2014, 06:16:47 PM

Quote from: Blazedout419 on July 08, 2014, 02:45:09 PM

Quote from: yxt on July 08, 2014, 06:47:26 AM

Quote from: Blazedout419 on July 08, 2014, 04:43:42 AM

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.

from where is that?

That was per friedcat.

Unless you provide a link to the post where Friedcat said that, it may as well have came straight out of a bull's arse.

Use the bloody quote feature! Roll Eyes

Was via messages...not a post.

Did he say how much collateral do you have to put up for an 850GH/s miner?