Good work Mo!

+4 please!

I know from conversations with the companies. I wouldn't hold your breath for SP, where they're semi-publicly listed we can see that they don't have the funds to build a miner. The rest are  finishing the next machines. Unless the price tanks, the roll outs will continue.

There is new hardware coming from at least two manufacturers in the next 60 days. We've got a lull in the hashrate here, but you'd be fooling yourself if you don't think even S7s are about to become old technology.

No one's buying an S5 for $100 in five months. In five months they'll be junk. S5s are currently going for $160 on the forums now.

From a bitcoinwisdom...

1300GH/s is $52/month
650 watts at 0.06 cents in a 30 day month is $28
So your profit is $24 a month (not $50 as you state above)
I'm offering $26/month (which is more than you currently make)
Difficulty will keep rising, you are a 25% away (roughly) from being underwater.

However, you make a good point, I'd do five months on an S5, same deal, 50/50.

Obviously math wasn't your strong suit in school, so I'll explain.

Presumably you pay a bill to Allinvain? If you have S5s or Neptunes, you're underwater, you're paying more to host then they mine. I'm offering you a way out. You'd get more from that deal than the selling price on the forums these days.

If he wants cash now, I'd do 8K but that's probably the best I'll do. Too much risk of another difficulty spike.

No, I'd use GND in Labrador as escrow, they'd be hosting.

Sorry - my offer is half of mined revenue over 4 months, which I estimate will be over 10K. GND will ask as escrow. Yes, I'll arrange pick up/shipping.

I would host with GND down the road with you guys on the 50/50 offer. I'll extend the offer to four months. That would be (depending on price and difficulty) over 10K - I doubt anyone will beat that.

20K is rediculous. I offered 2k and got mocked. Seeing as no one has offered anything different, why not ask this guy what he wants? If it's 20k were all wasting our time.

I'd also split revenue with him for three months on these, I pay power costs.

I cover the power and use a trusted hoster. If someone is willing to pay you more than the S5 will mine, obviously you should take their money.

If you have old (but not too old) gear - I'm interested in splitting mining revenue 50/50 for three months if you ship it to a trusted third party hoster, then I'll own the gear after that - I'll take care of the bills with the hoster.

Drop me a line. I'm thinking SP3Xs, S5s etc.

I'll give him $2000 for the lot if they work as described and I'll arrange shipping.

Sage advice. I over bought equipment on my first mine and was shocked at the heat output of just 10kW.

Sorry - I was watching it hop over $500 for a few minutes - didn't even occur to me to bring data off the bat, but of course I should have. Thanks!

A lot of historical data is available, Bitcoinwisdom and BitcoinCharts has Bitstamp, itBit and Bitfinex crossing $500 USD on November 4th. Coinbase hit 499.85, so obviously close. Bitpay apparently uses a basket, but its confidential so we'll never know what weighting each exchange got.

I'm a lawyer and am well aware of how a court works. (Edit: For arguments sake, civil courts operate on a "balance of probabilities" standard, which in the absence of historical data would be the price on other exchanges. So I would win in court.)

So we're all straight here: because Bitpay refuses to give me historical data I lose by default.

I would be satisfied if you agree not to pay out the "no" side unless they can prove it didn't cross $500 as well by providing historical data. Otherwise, this simply isn't fair.

BitPay's price is based on internal factors that they are unwilling to share, hence why they won't show the historical data.

In retrospect, the creator picked a really dumb metric.

Further edit: thank you for explaining yourself! I do like your site and am hoping we can sort this out. I think I bet $7 on this... but its the principal!

So therefore - you should annul the bet. Otherwise it is unfair. The creator did not choose a metric with historical data. What is the other option? By allowing it to continue - and on Dec 31 going "hey, nobody saw it cross $500" - you've already told me you've decided it didn't happen.