[100 Ghps] "Catch 22 removal" service for new pool operators - page 2.

error

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Quote from: NetTecture on July 14, 2011, 12:12:27 AM

Seriously, if I were to start a pool I would find anything below 250 or so giga bad to start - and vladimir may be able to add 50gb for the mere price of 5gb of my capacity. I will never understand why people mine in a pool that does not solve a block on avereage every 6 hours. The variance will jsut totally kill you. Whoever mines in one of those micro pools - wants thrill, not money.

You should have been around before pools, when everyone was solo mining and we all found blocks every few days. And pizzas cost 10,000 BTC.

NetTecture

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Seriously, if I were to start a pool I would find anything below 250 or so giga bad to start - and vladimir may be able to add 50gb for the mere price of 5gb of my capacity. I will never understand why people mine in a pool that does not solve a block on avereage every 6 hours. The variance will jsut totally kill you. Whoever mines in one of those micro pools - wants thrill, not money.

error

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Quote from: Vladimir on July 13, 2011, 10:20:46 PM

bcpokey, fair comment.

The deal is not set in stone, I am quite happy to lease out smaller amounts than 50 Ghps, particularly when taken for longer periods of time (so that I do not have to switch small amounts here and there every 5 minutes).

Indeed. If I were starting a pool, I would find 10GH/s for a couple of weeks much more attractive than 50GH/s for a few days. (But I'm not starting a pool; I like having spare time!)

Vladimir

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bcpokey, fair comment.

The deal is not set in stone, I am quite happy to lease out smaller amounts than 50 Ghps, particularly when taken for longer periods of time (so that I do not have to switch small amounts here and there every 5 minutes).

The problem could be when someone bids higher amount for the service and in this case capacity will go to the higher bidder and I will not be able to renew at old prices.

I am still developing the service both on software and business side, hence everything is negotiable.

bcpokey

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It might make more sense to offer a graduated plan. Say a new pool operator wants to lease 50GH/s to look like they're not just crap, and they pay 110BTC to have you hash for roughly 2 blocks. So now they have 50GH/s to their name to attract people, and they attract 35GH/s of other people to mine for them with their now 85GH/s. Let's say they are lucky enough to have their variance be low and they find 2 blocks in the 2 days or so you've allotted them, you go your merry way with 110BTC + 59BTC (- whatever fees) and suddenly the pool only has 35GH/s.

People may think something terrible has happened, time to abandon ship.

More of a pain in the butt, but also seemingly more attractive to also a "come down" option, to bleed away hashing power rather than abrupt drop. I have no real suggestion as to the execution of that, for you to figure out.

alkhdaniel

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Quote from: Xenland on July 12, 2011, 04:25:32 PM

Call me dumb but why include the 10% and not just say a resonable pay-per-share?

Also what is a resaonable price to purchase enough shares to find a block(obviously not garunteed but just an estimate)? Or is that bad bussiness to ask for such a thing on the thread.

50BTC+10% (55BTC) should be enough shares to find a block, kind of obvious when you think about it hehe.

So you are basically paying 50+5BTC (in average) to find your (first) block. It could be MUCH higher or lower though, it's all about luck.

Xenland

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I'm not just any shaman, I'm a Sha256man

Call me dumb but why include the 10% and not just say a resonable pay-per-share?

Also what is a resaonable price to purchase enough shares to find a block(obviously not garunteed but just an estimate)? Or is that bad bussiness to ask for such a thing on the thread.

655321

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Almost makes me want to start a new pool just to bid on his offer.

NetTecture

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Quote from: Xenland on July 12, 2011, 07:15:45 AM

I'm very interested, but a modest 10% of what? I don't understand your pricing

Simlpe: he wants fair share price + 10%. That simple. Decent deal for a nw pool trying to get some people.

Xenland

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I'm not just any shaman, I'm a Sha256man

I'm very interested, but a modest 10% of what? I don't understand your pricing

Vladimir

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It is difficult these days to start a new pool. There is no reason to join a new pool if it does not at least solves a block or two per day even if otherwise the terms offered are more than reasonable.

I have about 50-100 Ghps hashing capacity which I can deploy to any pool. Should you wish to get some kickstart for your new pool I can help you.

The starting price is very modest 10%. However, it is a subject to competitive bidding and depending on market conditions could me much higher at times.

Once the service is booked and final price is set, this is how it works.

1. You send me some bitcoins as deposit.

2. I point up to 100 Ghps to your pool (subject to availability and agreed on case by case basis).

3. For every valid share I submit your deposit is reduced by fair per share price + 10% + (% of your pool inefficiency - 1%)

Once your deposit is fully repaid by submitted shares the service stops.

If anyone is interested in principle, please PM me with questions or bids.

Availability: most available capacity is booked.

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Topic: [100 Ghps] "Catch 22 removal" service for new pool operators - page 2. (Read 3820 times)