Post
Topic
Board Mining
Re: Does anyone still offer Mining Contracts?
by
yochdog
on 17/04/2012, 15:27:02 UTC

1,500 MHash/s for 8.35 BTC - This works out to 0.795 BTC per day per 1 GHash/s

3,000 MHash/s for 16 BTC - This works out to 0.762 BTC per day per 1 GHash/s

But with 1ghas u can generate  ~0.65 btc/day, why someone is going to pay 0.762 ?? I dont get it.

Ease of use, avoid electricity cost, etc.

The math is not as simple as:  $ cost of GPU/MH/s = cost per hash! 



Ok with that.

But if i want 10 BTC, i will need 1 GHas/day for 15,4 days, so i had to pay u 15 x 0.762 = 11,72 BTC (about 58,26 USD). But i can buy it directly in MTgox for about 50 (and about %5 less if i buy with cash to a local BTC seller...) and without waiting more than 15 days...

Still dont get it...

The only thing I can think of is not wanting to wire funds into an exchange?? 

I do agree the whole issue is fuzzy.