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Topic: [ANN] HashPay - Mine and help support the price. HashPayPool.com ONLINE! - page 25. (Read 32175 times)

newbie
Activity: 4
Merit: 0
when you buy at crowdsale.io when do we get the coins?
full member
Activity: 130
Merit: 100
Moving markets!
So after reading the OP again it kind of sounds like all your doing is a multipool which will pay dividends to miners in HASHPAY? Is that kind of what I'm gathering from this? I might have read it wrong lol But I don't see how any of this is saving any electricity costs because someone is paying for the electricity to mine somewhere right?? I dunno just asking some questions lol

hashpaypool.com looks and acts like a normal 1% fee scrypt pool. The big thing behind it is that it sells people's hashes to a third party, using that money to directly support HAP on the market thus making the HAP miners just mined using the pool worth more.

I like that fact that they use the proceeds to buy hap off the market and thus making a demand for it more than there normally would be. I also like the nice low supply of coins too.
full member
Activity: 154
Merit: 100
★YoBit.Net★ 100+ Coins Exchange & Dice
Saw this on my twitter feed. Great concept and attentive dev. I'm in. 
newbie
Activity: 28
Merit: 0
Coin looks like it has some good developments already. Wonder what the Processing Power Shop is about?

Hey!

The processing power shop is all about reaching potential costumers through an easy to use interface, maximizing profits and helping the coin.
full member
Activity: 154
Merit: 100
★YoBit.Net★ 100+ Coins Exchange & Dice
Coin looks like it has some good developments already. Wonder what the Processing Power Shop is about?
jr. member
Activity: 45
Merit: 10
This coin looks cool. I'll be pointing my 2 7970's rigs at it.
newbie
Activity: 35
Merit: 0
Today we have something to ask you.
If you're a miner that happens to be mining hashpay please point some of your hashes to hashpaypool.com, that will significantly help HashPay!

Thank you

I'll point my my rigs at it. Not much but it may help.
newbie
Activity: 28
Merit: 0
Today we have something to ask you.
If you're a miner that happens to be mining hashpay please point some of your hashes to hashpaypool.com, that will significantly help HashPay!

Thank you
newbie
Activity: 28
Merit: 0
So after reading the OP again it kind of sounds like all your doing is a multipool which will pay dividends to miners in HASHPAY? Is that kind of what I'm gathering from this? I might have read it wrong lol But I don't see how any of this is saving any electricity costs because someone is paying for the electricity to mine somewhere right?? I dunno just asking some questions lol

hashpaypool.com looks and acts like a normal 1% fee scrypt pool. The big thing behind it is that it sells people's hashes to a third party, using that money to directly support HAP on the market thus making the HAP miners just mined using the pool worth more.
Okay and what do you charge these supposed third parties for the hash? Wouldn't they just mine at any other 1% fee pool because it would be cheaper because you wouldn't be making anything without having to charge more right or it would be completely pointless right?? I guess what I am asking is can you give me a detailed analysis of exactly how this would work? Like how would you sell the hashes to third parties? What would you charge the third parties? Things like that.  I'm only asking because I'm just trying to figure out exactly how you guys are planning to make this project work the way that you are claiming for it to work Smiley Cheers

Keep in mind that the talked third parties are people that need processing power but do NOT have any interest in crypto or even know what a "pool" is. This are people that have bog processing power needs. People that use Amazon's Cloud, Google cloud platform or even sabalcore.com.
At the moment, there is no website acting as a platform to sell the processing power to the third parties ( it's the next thing on our goalmap) but we have some people lined up to try the service.
In terms of prices... it will vary with the amount of power available at hashpaypool.com at any given moment. We are looking to have long (1 week+) contracts made and the prices would still need to be discussed. We came up with some numbers that tell us the final profit should be close to 1/3 of what the total hashes in the pool would bought for in a website like nicehash.com.
Keep in mind that this is just the beginning and backend adjustments might help boost this profit ratio.
Okay now I'm completely lost lol Is it just me or does anyone else not quite get what they are saying? I mean I'm thinking that you are saying that people that mine at your pool instead of mining coins their hashes would be rented or sold out to these third party people and you guys would be using the funds that they pay you with to purchase HASHPAY from the market at market price to give to the miners that have contributed their hashes to the pool?? Is that something like what you are saying? Also you say that you have some people lined up to try the service, are these like just friends of yours or are they actual like possible customers that you didn't know before this idea for this project came about? I just want to make sure that I completely understand the whole concept that you guys are putting out there for this coin lol It's always nice for the people investing in a coin to fully know exactly what the plans are for the coin they are investing in right Smiley Cheers

No problem! I'll try to make it a little bit clearer:

1. You mine HAP at hashpaypool.com.
2. Your processing power is sold to a third party.
3. A percentage of the profits are used to support the price (with buy-walls, not with direct buying through the sell orders, all the coins caught in the buy-walls are returned to miners through pooling bonuses).

The people ready to try the service are friends, we are expecting to have our first customers when the website is out.
hero member
Activity: 784
Merit: 500
FLY DONATION ADDRESS IN SIGNATURE
So after reading the OP again it kind of sounds like all your doing is a multipool which will pay dividends to miners in HASHPAY? Is that kind of what I'm gathering from this? I might have read it wrong lol But I don't see how any of this is saving any electricity costs because someone is paying for the electricity to mine somewhere right?? I dunno just asking some questions lol

hashpaypool.com looks and acts like a normal 1% fee scrypt pool. The big thing behind it is that it sells people's hashes to a third party, using that money to directly support HAP on the market thus making the HAP miners just mined using the pool worth more.
Okay and what do you charge these supposed third parties for the hash? Wouldn't they just mine at any other 1% fee pool because it would be cheaper because you wouldn't be making anything without having to charge more right or it would be completely pointless right?? I guess what I am asking is can you give me a detailed analysis of exactly how this would work? Like how would you sell the hashes to third parties? What would you charge the third parties? Things like that.  I'm only asking because I'm just trying to figure out exactly how you guys are planning to make this project work the way that you are claiming for it to work Smiley Cheers

Keep in mind that the talked third parties are people that need processing power but do NOT have any interest in crypto or even know what a "pool" is. This are people that have bog processing power needs. People that use Amazon's Cloud, Google cloud platform or even sabalcore.com.
At the moment, there is no website acting as a platform to sell the processing power to the third parties ( it's the next thing on our goalmap) but we have some people lined up to try the service.
In terms of prices... it will vary with the amount of power available at hashpaypool.com at any given moment. We are looking to have long (1 week+) contracts made and the prices would still need to be discussed. We came up with some numbers that tell us the final profit should be close to 1/3 of what the total hashes in the pool would bought for in a website like nicehash.com.
Keep in mind that this is just the beginning and backend adjustments might help boost this profit ratio.
Okay now I'm completely lost lol Is it just me or does anyone else not quite get what they are saying? I mean I'm thinking that you are saying that people that mine at your pool instead of mining coins their hashes would be rented or sold out to these third party people and you guys would be using the funds that they pay you with to purchase HASHPAY from the market at market price to give to the miners that have contributed their hashes to the pool?? Is that something like what you are saying? Also you say that you have some people lined up to try the service, are these like just friends of yours or are they actual like possible customers that you didn't know before this idea for this project came about? I just want to make sure that I completely understand the whole concept that you guys are putting out there for this coin lol It's always nice for the people investing in a coin to fully know exactly what the plans are for the coin they are investing in right Smiley Cheers
newbie
Activity: 28
Merit: 0
So after reading the OP again it kind of sounds like all your doing is a multipool which will pay dividends to miners in HASHPAY? Is that kind of what I'm gathering from this? I might have read it wrong lol But I don't see how any of this is saving any electricity costs because someone is paying for the electricity to mine somewhere right?? I dunno just asking some questions lol

hashpaypool.com looks and acts like a normal 1% fee scrypt pool. The big thing behind it is that it sells people's hashes to a third party, using that money to directly support HAP on the market thus making the HAP miners just mined using the pool worth more.
Okay and what do you charge these supposed third parties for the hash? Wouldn't they just mine at any other 1% fee pool because it would be cheaper because you wouldn't be making anything without having to charge more right or it would be completely pointless right?? I guess what I am asking is can you give me a detailed analysis of exactly how this would work? Like how would you sell the hashes to third parties? What would you charge the third parties? Things like that.  I'm only asking because I'm just trying to figure out exactly how you guys are planning to make this project work the way that you are claiming for it to work Smiley Cheers

Keep in mind that the talked third parties are people that need processing power but do NOT have any interest in crypto or even know what a "pool" is. This are people that have bog processing power needs. People that use Amazon's Cloud, Google cloud platform or even sabalcore.com.
At the moment, there is no website acting as a platform to sell the processing power to the third parties ( it's the next thing on our goalmap) but we have some people lined up to try the service.
In terms of prices... it will vary with the amount of power available at hashpaypool.com at any given moment. We are looking to have long (1 week+) contracts made and the prices would still need to be discussed. We came up with some numbers that tell us the final profit should be close to 1/3 of what the total hashes in the pool would bought for in a website like nicehash.com.
Keep in mind that this is just the beginning and backend adjustments might help boost this profit ratio.
hero member
Activity: 784
Merit: 500
FLY DONATION ADDRESS IN SIGNATURE
So after reading the OP again it kind of sounds like all your doing is a multipool which will pay dividends to miners in HASHPAY? Is that kind of what I'm gathering from this? I might have read it wrong lol But I don't see how any of this is saving any electricity costs because someone is paying for the electricity to mine somewhere right?? I dunno just asking some questions lol

hashpaypool.com looks and acts like a normal 1% fee scrypt pool. The big thing behind it is that it sells people's hashes to a third party, using that money to directly support HAP on the market thus making the HAP miners just mined using the pool worth more.
Okay and what do you charge these supposed third parties for the hash? Wouldn't they just mine at any other 1% fee pool because it would be cheaper because you wouldn't be making anything without having to charge more right or it would be completely pointless right?? I guess what I am asking is can you give me a detailed analysis of exactly how this would work? Like how would you sell the hashes to third parties? What would you charge the third parties? Things like that.  I'm only asking because I'm just trying to figure out exactly how you guys are planning to make this project work the way that you are claiming for it to work Smiley Cheers
newbie
Activity: 28
Merit: 0
So after reading the OP again it kind of sounds like all your doing is a multipool which will pay dividends to miners in HASHPAY? Is that kind of what I'm gathering from this? I might have read it wrong lol But I don't see how any of this is saving any electricity costs because someone is paying for the electricity to mine somewhere right?? I dunno just asking some questions lol

hashpaypool.com looks and acts like a normal 1% fee scrypt pool. The big thing behind it is that it sells people's hashes to a third party, using that money to directly support HAP on the market thus making the HAP miners just mined using the pool worth more.
legendary
Activity: 1414
Merit: 1000
Your idea just redirects rather than reduces the hash on other coins, so I don't really see the point of this coin. And what's the ico money for?

We use the hash that would otherwise be wasted and sell them to a third-party (if you are mining on the official pool of course).
The ICO money will be used to pay for stuff that that is already done (the HashPayPool.com backend mostly and some design work) and stuff that will be done in the future (the processing power webshop and marketing related design).

If you have anymore question please ask us!

Thank you,
The HashPay Team

PS: Our Block Explorer with richlist is now online!

But if your coin didn't exist there would be no hash to waste. What am I missing here? is there any other purpose of hashpay?

Indeed and that's a very valid point, a bit paradoxical.
The purpose of HashPay, as every other altcoin is to "make it" in the alt world. For us, "make it" means seeing HashPay used by merchants and as a successful investment venture.
Now, t help us get there we need a lot of attention and a successful value history, we can't expect people to use HashPay if it has zero value and we can't expect having happy investors if the value drops from one day to another as a lot of other alts. This is where our official pool and the selling of the miners hashes comes into play, to help us reach our goals.

Selling hashes is not the objective but a mean to an end.

what are your plans to set hashpay apart and make merchants want to use it?
hero member
Activity: 784
Merit: 500
FLY DONATION ADDRESS IN SIGNATURE
So after reading the OP again it kind of sounds like all your doing is a multipool which will pay dividends to miners in HASHPAY? Is that kind of what I'm gathering from this? I might have read it wrong lol But I don't see how any of this is saving any electricity costs because someone is paying for the electricity to mine somewhere right?? I dunno just asking some questions lol
newbie
Activity: 28
Merit: 0
Your idea just redirects rather than reduces the hash on other coins, so I don't really see the point of this coin. And what's the ico money for?

We use the hash that would otherwise be wasted and sell them to a third-party (if you are mining on the official pool of course).
The ICO money will be used to pay for stuff that that is already done (the HashPayPool.com backend mostly and some design work) and stuff that will be done in the future (the processing power webshop and marketing related design).

If you have anymore question please ask us!

Thank you,
The HashPay Team

PS: Our Block Explorer with richlist is now online!

But if your coin didn't exist there would be no hash to waste. What am I missing here? is there any other purpose of hashpay?

Indeed and that's a very valid point, a bit paradoxical.
The purpose of HashPay, as every other altcoin is to "make it" in the alt world. For us, "make it" means seeing HashPay used by merchants and as a successful investment venture.
Now, t help us get there we need a lot of attention and a successful value history, we can't expect people to use HashPay if it has zero value and we can't expect having happy investors if the value drops from one day to another as a lot of other alts. This is where our official pool and the selling of the miners hashes comes into play, to help us reach our goals.

Selling hashes is not the objective but a mean to an end.
legendary
Activity: 1414
Merit: 1000
Your idea just redirects rather than reduces the hash on other coins, so I don't really see the point of this coin. And what's the ico money for?

We use the hash that would otherwise be wasted and sell them to a third-party (if you are mining on the official pool of course).
The ICO money will be used to pay for stuff that that is already done (the HashPayPool.com backend mostly and some design work) and stuff that will be done in the future (the processing power webshop and marketing related design).

If you have anymore question please ask us!

Thank you,
The HashPay Team

PS: Our Block Explorer with richlist is now online!

But if your coin didn't exist there would be no wasted hash to sell. What am I missing here? is there any other purpose of hashpay?
newbie
Activity: 28
Merit: 0
Your idea just redirects rather than reduces the hash on other coins, so I don't really see the point of this coin. And what's the ico money for?

We use the hash that would otherwise be wasted and sell them to a third-party (if you are mining on the official pool of course).
The ICO money will be used to pay for stuff that that is already done (the HashPayPool.com backend mostly and some design work) and stuff that will be done in the future (the processing power webshop and marketing related design).

If you have anymore question please ask us!

Thank you,
The HashPay Team

PS: Our Block Explorer with richlist is now online!
legendary
Activity: 1414
Merit: 1000
Your idea just redirects rather than reduces the hash on other coins, so I don't really see the point of this coin. And what's the ico money for?
newbie
Activity: 28
Merit: 0
Yep agree, interest has diverted to mining elswhere now

Burn the ico coins !!!
+1
++100

500,000 coins were already destroyed. The rest of the ICO coins will be sold for a higher price as requested by some of the miners. Please note that we are hosting a very small ICO, the rest of the money needed to pay for variable and fixed costs will come from the hashpaypool.com profits!

Speaking about that, if you are mining HAP we ask you to point some of you miners to hashpaypool.com, as stated before your hash can sold as computer power, helping HAP and making sure we have some price support when we hit the market!
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