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Post by fundealz2013 on Sept 15, 2013 3:17:40 GMT
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Post by waynebo on Sept 15, 2013 5:22:27 GMT
Thank You fundealz2013 ...Ebay is how I found this forums I have that very ebay listing on Watch. I am waiting to see how the price structure will pan out before committing myself.
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Post by Admin on Sept 15, 2013 6:04:26 GMT
All these comments are helpful in me understanding in trying to make it fair for everyone, keep posting, I'll address concerns sometime early next week (most likely Monday/Tues). I would really like to have everyone satisfied and a long term partner for future orders as well, as growth is likely to continue to happen.
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Post by donaldktsang on Sept 15, 2013 15:35:50 GMT
I think the low monthly cost of hosting at 20 cents per Ghs is more than reasonable especially if we're getting more hashing power. I guess that depends on whether you expect to make the bulk of your BTC in the first three months, or the next three years... remember, if we go from 26.5 GH/s to 40 GH/s, we'll be paying $8/month instead of $5.30/month. How long will it take for 5 GH/s to drop down to $1.06/month worth of BTC mining? How long will it take to drop to $0.53/month worth? (and multiply that difference by $0.53/month to see how much more you've paid)
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Post by waynebo on Sept 15, 2013 17:38:55 GMT
I think the low monthly cost of hosting at 20 cents per Ghs is more than reasonable especially if we're getting more hashing power. I guess that depends on whether you expect to make the bulk of your BTC in the first three months, or the next three years... remember, if we go from 26.5 GH/s to 40 GH/s, we'll be paying $8/month instead of $5.30/month. How long will it take for 5 GH/s to drop down to $1.06/month worth of BTC mining? How long will it take to drop to $0.53/month worth? (and multiply that difference by $0.53/month to see how much more you've paid) I also have some concerns about the $.20 per GH/s. I am looking to participate at 500+ GH/s and 500*.2=$100*12month=$1200/yr*5/yrs=$6000 not so cheap.
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Post by fundealz2013 on Sept 15, 2013 18:30:01 GMT
Guys remember this is coming out of your monthly payouts that are guaranteed for life or until you die or the miner dies. Hosting and the costs of managing this operation and system is surely not cheap. Just keep this in consideration.
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Post by Admin on Sept 16, 2013 9:46:59 GMT
I guess that depends on whether you expect to make the bulk of your BTC in the first three months, or the next three years... remember, if we go from 26.5 GH/s to 40 GH/s, we'll be paying $8/month instead of $5.30/month. How long will it take for 5 GH/s to drop down to $1.06/month worth of BTC mining? How long will it take to drop to $0.53/month worth? (and multiply that difference by $0.53/month to see how much more you've paid) I also have some concerns about the $.20 per GH/s. I am looking to participate at 500+ GH/s and 500*.2=$100*12month=$1200/yr*5/yrs=$6000 not so cheap. Those are all valid concerns I'm glad they were brought up. For the .2/GH I've checked with other hosting companies and they tend to charge a lot more. As for whether or not it ever becomes a problem, I personally doubt it (see "Below"). for the changes in GH rate, I haven't yet decided what it should be I'll probably figure it out today (I'm still getting customers at below the 26.5 rates) any final posts/concerns? this is --> Below If 20 cents/GH isn't profitable people will likely stop mining with their (very expensive to operate) rigs if they aren't making money and decrease difficulty, or, the value of the bitcoin will go up because demand will increase. For those who are new to economics, keep in mind there're more than one factor to consider, its not just difficulty, but price as well. What happened soon after 2013 when the bitcoins started giving 25 per block instead of 50? the price went up, a lot (Stably about 9X). What will happen when bitcoins start to become near impossible to get through mining? It may take 4 months to adjust to something more stable but that's right, the price will almost certainly go up. Supply and demand regularly does that. I don't mind if we all share 1 btc when its worth $25,000. Those numbers may seem unrealistic now but I personally don't believe it is considering the total world GDP is about 71 Trillian, and only 1/2 a trillian would bring all the bitcoins (mined and unmined) to about $25,000. Demand will also increase as more people start accepting Bitcoins as a payment method, which is also happening. Keep in mind also that this is an investment we all are interested in succeeding, I've done a lot of homework on bitcoins and I want all of us to succeed with it.
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Post by Admin on Sept 16, 2013 20:36:46 GMT
With careful consideration of the expenses and how to pay for them. Some of the expenses are base costs so no matter the device cost, these costs stay at a base price and need to be met in order to function, at 75 sales this wasn't a problem at approx 40 sales it's tough. I'm still making sales, but soon the new sales will soon be for the second machine (probably arrive second or third week of January).
In any case I looked at the numbers with the intent to stay operational still, as well as provide a great opportunity for those interested in Bitcoin mining.
I'm pleased to say that 26.5 is a great rate looking at the factors considered. Lifetime hosting at a very low 20 cents per GH with the services and customer service I'm providing, who does that? With maintenance, email customer support, forum support, Phone support (upon request), eventual automated bitcoin payout scheduling (incurring programmer fees), optimum temperature/humidity (buying an air conditioner/running the AC fees), future opportunity for GH growth at great rates, Low cost for lower GH amounts, lifetime hosting, and I'm also thinking of starting a subscribe service for the nerds like me who wish to learn and know more about investment opportunities with Bitcoin.
I love working with bitcoins and providing this service, and I hope all you buyers love the idea as well, but all this takes a great deal of time so that I can get my buyers the device early, the best device, and with all that it comes with, a great service.
So I present to you Great News and these three options:
1) Full refund (no hassle no complaints) 2) 30GH Lifetime Hosting (exceeds what was promised by 1.5x With hopes for a long term partnership with you) 3) 40GH 1 year hosting (you wish to forego lifetime customer support and hosting for 40GH 1 year hosting/support)
I'm going to assume Option number 2 unless otherwise specified in email: admin@hopmarks.com
Congratulations on your free 10GH/s!
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