[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

Search:


View post   

>> No.11321888 [View]
File: 97 KB, 750x500, 54624a6cecad041016bca639-750-500[1].jpg [View same] [iqdb] [saucenao] [google]
11321888

Economists of /biz/, help me out pls?

I'm starting a service where I basically take on clients and pay them cash to let me use their hardware to mine shitcoins.

I'll explain further in the next post, but my initial idea was to simply pay a client a flat rate per every block they manage to mine. I'd calculate that periodically based on the current market price of said shitcoin, and pitch it such that if each individual block reward of shittokens is worth say, $1.50 if I went and sold them immediately, then I'd pay the client $1 per block.

Now there's a particular shitcoin that I've especially wanted to accumulate through this harebrained enterprise, and it's experienced an unusually high rate of growth in a surprisingly small timeframe. I have reason to believe it will only continue in that fashion, which is why I realized I need all the spare hashpower I can get and am willing to pay out of pocket for it in advance.

The problem is, if I get a prospective client with lower-end hardware, they might only end up finding maybe one or two blocks per month if that. And if I quote them an estimated payout of only a couple bucks per month, they'll probably balk and decide it's not worth it at all.

So this morning I had an idea.
What if I built in some kind of hedge-fund dynamic to the business model, and told people, ok instead of a boring/insignificant flat rate per block, how about if, later on, the coin ends up mooning hard and I sell off a portion of the operation's total accumulated shitcoin earnings for a big return, I could then distribute a percentage of the gainz to each client, proportional to their contribution?

That would really entice people if they were suspect or iffy on the whole thing before. Only thing is, I'm not going to kid myself and try to play hedge fund manager with a bunch of people's (imaginary) money.
Is this a good idea, and if so, how can I go about doing it right? I need boomer financial risk management tips.

Navigation
View posts[+24][+48][+96]