Details about 2GH/s 1 year Bitcoin Mining Contract for just £10See original listing
New other (see details)
“This service is scheduled to start in February 2014. NO LIMIT PER CUSTOMER.”
01 Nov, 2013 19:11:26 GMT
Middlesbrough, United Kingdom
|Condition:||New other (see details)
A new, unused item with absolutely no signs of wear. The item may be missing its original packaging, or the original packaging has been opened or is no longer sealed. The item may be a factory second, or a new and unused item with minor defects. See the seller’s listing for full details and description of any imperfections. See all condition definitions- opens in a new window or tab
|Seller notes:||“This service is scheduled to start in February 2014. NO LIMIT PER CUSTOMER.”|
2GH/s 1 year Bitcoin mining contract
(service only, not purchase of equipment)
The value of Bitcoins is currently booming and many are rushing to 'mine' their own. I am running this advert assume you already know about Bitcoins, what they are, and how they are made. Anyone who has tried coming into the mining industry now will find they will really struggle to make even a fraction of a Bitcoin with their home PC (in the past it was so much easier!). Bitcoin mining is set to get even harder with major companies buying advanced servers to mine, taking advantage of the economies of scale. The Bitcoin structure is also designed to mint a strictly limited number of coins.
This is where we come in. We plan to purchase the Cointerra Terraminer IV which mines at an incredible 2TH/s! We are running a contract for each of you for the mining revenue from 2GH/s of its processing power for 1 year. The Terraminers are scheduled to be shipped around January and I hope to be mining fully by February. You can read more about this equipment here:
Of course if you are able to afford the equipment yourself you will do well, but personally I feel most people aren't willing to do this. Please do your research before going ahead with this purchase and only purchase if you are willing to follow through as others will be relying on you. Please understand the risks of the Bitcoin market (the value of Bitcoin can fluctuate enormously, hopefully in our favour!). Here is a link to a handy calculator (be sure to set the electricity cost to zero):
I look forward to mining Bitcoins with you in the future :-)
Who are CoinTerra?
PayPal or Bitcoins.
Mining profits paid monthly to your designated Bitcoin account.
I currently run a reliable mining rig using bfgminer and the Deepbit pool, but I will try a few different methods in the first few weeks (including possibly solo mining!).
Will this make me money?
This depends on several factors (some are listed in the link to the mining calculator earlier). Making money depends entirely on the future value of Bitcoins and the future mining difficulty. I expect to make us all a profit but it is possible to make a loss. Also please note I can not be held responsible for unexpected events such as fire or major machine failure. Please do your research on Bitcoins before proceeding, there are many resources online. This is one of the cheapest offers (£5 per GH/s) that I have found on eBay.
What do I need to do?
I hope this advert has all the details you require. I may also publish your question below to help others.
Please note I have considerable interest in this project off eBay. If I reach the required number of investors early I may need to end the eBay advert early so we can proceed. I am also running another auction for bigger shares on the same machine (£500 for 200GH/s if you're interested).