[ANN] LEASERIG.NET - rent&hire Quark hashing power! - page 25.

mpdas108

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Activity: 181

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Quote from: djeZo on February 11, 2014, 04:38:07 AM

Middlecoin paying above 0.015 BTC/MH/day is more or less just illusion. Everytime I check past payouts for any kind of rig in the list, the calculation is more like 0.01 BTC/MH/day or even less. Maybe on some good days up to 0.013 BTC/MH/day.

The thing is you cannot calculate simply on payouts, as he tends to let unexchanged accumulate, you have take it one day at a time, and have detailed stats for the whole pool (not just one miner) to get a real average (including unexchanged+immature+balance) , http://stratehm.net/ has those stats. Simply because the difficulty is so high that earnings from two miners even equal hashing power may differ on the same day.

This world of cryptocoins is constantly fluctuating, so one day it may be .009 bt/mh/day , the next maybe .018, the next maybe .025, then back down to .01 ... So everyday I am calculating to make sure that I never set my rigs rental price below middlecoins previous days earnings, of course I will raise my price as high as the demand is there, but never lower than middlecoin..

And for the record LeaseRigs's rental prices have never gone below middlecoins earnings except today and one previous day. So it is not really a problem, but I still keep an eye on it..

djeZo

hero member

Activity: 588

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Middlecoin paying above 0.015 BTC/MH/day is more or less just illusion. Everytime I check past payouts for any kind of rig in the list, the calculation is more like 0.01 BTC/MH/day or even less. Maybe on some good days up to 0.013 BTC/MH/day.

mpdas108

full member

Activity: 181

Merit: 100

Quote from: kenshirothefist on February 11, 2014, 03:18:08 AM

Quote from: mpdas108 on February 10, 2014, 11:14:39 PM

For your information, Middlecoin profited .0178 BTC/Mh/day yesterday, and continues..

That's excellent news! If the trend continues and if DOGE will keep doing so well, Middlecoin will reach 0.025 BTC/Mh/day in a few days! This means that you should hire all rigs with <0.025 BTC/Mh/day ASAP and start mining at Middlecoin! Wink

Well I wont hire the rigs, but I will put the price of my rigs higher than middlecoins earnings and set my miners to mine on middlecoin, and if somebody wants to rent my rigs they will have to pay me more than middlecoin is paying me...

mpdas108

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Activity: 181

Merit: 100

Quote from: gsrcrxsi on February 11, 2014, 12:47:47 AM

Quote from: mpdas108 on February 10, 2014, 11:14:39 PM

For your information, Middlecoin profited .0178 BTC/Mh/day yesterday, and continues..

no they didnt. yesterday was more like .01, and today more like .014.

Here is the math:

The BTC is the total earned BTC ( Balance + unexchanged + immature ) , as you MUST take these into account to accurately calculate how much you earn, as h2o tends to let a unchanged balance build up.. You cannot calculate simply from what is paid out.

Earnings for the following two previous payout time periods on middlecoin:

230 BTC - Feb. 9 @ 9am - beginning balance
530 BTC - Feb 10 @ 9am - ending balance
-----
300 BTC / 21,000 MH/s = .0142 BTC/Mh/Day

--------------------
271 BTC - Feb 10 @ 9am - beginning balance
647 BTC - Feb 11 @ 9am - ending balance
----
376 BTC / 21,000 MH/s = .0179 BTC/Mh/Day

Statistics are retrieved from http://stratehm.net

kenshirothefist

sr. member

Activity: 457

Merit: 273

Quote from: mpdas108 on February 10, 2014, 11:14:39 PM

For your information, Middlecoin profited .0178 BTC/Mh/day yesterday, and continues..

That's excellent news! If the trend continues and if DOGE will keep doing so well, Middlecoin will reach 0.025 BTC/Mh/day in a few days! This means that you should hire all rigs with <0.025 BTC/Mh/day ASAP and start mining at Middlecoin! Wink

djeZo

hero member

Activity: 588

Merit: 520

Note to customers about recent attack on bitcoin network. You may see following glitches:

- two outgoing transactions going to same address with same amount as if site paid for rig two times

This happens due to newly injected modified txid by bitcoin hackers in an attempt to scam exchanges. They don't modify only their txids but all over the network (probably to mask who they are). Only one of these transactions will be eventually confirmed. So nothing to worry about from your side. The only drawback is that you may have issues hiring more rigs either due to temporary lower balance or trying to spend coins that were already spent which brings us to second problem...

- error when hiring rentable rig

This happens due to previous "doubled" transactions and actual error reported is that you are trying to spend coins already spent. I don't know how BTC network works in depth, but this has something to do with how bitcoin handles which coins are which. When your doubled transactions are gone, this problem is gone too. How to resolve it if you need to hire more, but don't have time to wait? One idea is to load more BTC.

gsrcrxsi

sr. member

Activity: 294

Merit: 250

Quote from: mpdas108 on February 10, 2014, 11:14:39 PM

For your information, Middlecoin profited .0178 BTC/Mh/day yesterday, and continues..

no they didnt. yesterday was more like .01, and today more like .014.

bitlynx

member

Activity: 83

Merit: 10

Quote from: mpdas108 on February 10, 2014, 11:14:39 PM

For your information, Middlecoin profited .0178 BTC/Mh/day yesterday, and continues..

It was quite a jump from yesterday, although I only profited at 0.01586 BTC/MH/Day with my non-rented rig pointed at MC, so I'm not quite sure how that overall profit number works (maybe those with higher hashrates than mine are profiting more and it averages out between them and me.)

The only reason I'm still on MC at all is because that rig is not yet stable enough for me to rent out.

I'm still making a notable amount more here for the lowest prices I've ever leased at (you know, in the long 2.5 week history of being a Rig Lord!)

mpdas108

full member

Activity: 181

Merit: 100

For your information, Middlecoin profited .0178 BTC/Mh/day yesterday, and continues..

singula

sr. member

Activity: 462

Merit: 251

Some ideas for improvement:
In addition to "Best rated price" (which is usually for 72 hour lease) allow sorting by price for renting the rig for defined number of hours (for example if I want to rent a rig only for 24 hours, I'd like the rigs sorted by their price for that rent time)

The price is usually higher for short term leases, but the rigs differ quite a bit in that aspect - some rigs are only 5% more expensive for 24hour lease than for 72 hour lease, some rigs have higher price difference.

It would be also nice to write amount of hours for which the "Best rated price" is valid in the listing. Not always it is 72

bitlynx

member

Activity: 83

Merit: 10

I know it's super pesky, but I'd love to see my rig rental history (which I love) in my local time zone. One more field on the admin form and in your DB (to store my timezone offset from CET) and one additional calculation to show the date/time per history item. Pleeeease?

djeZo

hero member

Activity: 588

Merit: 520

Looking into it. You are the only one. Looks like the pools result from your cgminer was truncated (happens sometimes on bad connections).

testthewhiterabbit

newbie

Activity: 54

Merit: 0

djeZo, I just had 5 rigs end their lease and didn't switch back the default pool I had set. If I hadn't happened to have checked, a 1 hour lease would have turned into a 12+ hour lease. Is there anyway to fix this?

snuckles

member

Activity: 100

Merit: 10

Hi
Am renting Mr bob c rig just waiting for Btc to move from wallet

kenshirothefist

sr. member

Activity: 457

Merit: 273

If anyone is interested, my caveminer03 professional mining rig is now available (Keccak SHA-3 @ 2200 Mh/s or VTC @ 2.1 Mh/s) at http://leaserig.net/index.jsp?t=1

Happy mining!

djeZo

hero member

Activity: 588

Merit: 520

Two updates;
- I replaced average rental price with WEIGHTED average price, because that one shows true rental price more accurately. Weights are durations of leases and speeds of rented rigs.
- In admin panel, you can now enter in rated price directly (BTC/MH/day) when creating renting plans.

The current real going price for rigs is obviously 0.01825956 on LeaseRig.net - it means that providers offering rigs can expect to get 0.018 BTC/MH/day when renting their rigs over LeaseRig.net.

Of course, there are some prices a bit lower on the list of available rigs - but these (if you check closely) often only offer such good price for either very short lease or very long lease thus they aren't selling so well.

snipsnoop

legendary

Activity: 924

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djeZo

hero member

Activity: 588

Merit: 520

Due to recent events regarding Mt.Gox and Bitcoin attack.

I have checked technical bit of it and figured that the issue is only with non-confirmed/pending transactions when being resent. Luckily for us all, LeaseRig.net does not perform any kind of resends, so it is not possible for anyone to issue such attack on LeaseRig.net.

Additionally to that, I must say that 6 confirmations are needed for all deposits, so the paying out BTC is 100% validated and correct.

I have been noticing that there have been odd working in BTC network for past few days - some transactions were sent with 0 fee, some took half a day or even whole day to complete.

I received 0 reports of any provider not being paid and I received 0 reports of any customers missing funds. By this statistics I can say that LeaseRig.net is operating unaffected by the reported issue.

This post is somewhat most understandable to all and also explains you why LeaseRig.net is not affected:

Quote from: Rannasha on February 10, 2014, 06:37:42 AM

The flaw isn't so much in Bitcoin as it is in exchange-systems. Many exchanges use the tx-id to uniquely identify transactions, but as it turns out, an attacker can change the tx-id without changing the actual transaction, rebroadcast the changed transaction (effectively creating a double-spend) and if his altered transaction gets accepted into a block instead of the legit transaction, the attacker receives his coins and can complain with the exchange that he didn't. The exchange will then check their db, fetch the tx-id from it, look it up in the blockchain and not find it. So they could conclude that the transaction indeed failed and credit the account with the coins.

A simple workaround is to not use the tx-id to identify transactions on the exchange side, but the set of (amount, address, timestamp) instead. If a user complains about not receiving their withdrawal, support can look it up using these 3 variables. It takes a little bit more work from support, but it prevents this attack from succeeding.

While it'd be nice if the tx-id isn't malleable, blaming this problem on a flaw in the protocol is quite a stretch.

LeaseRig.net does no saving of TXID into database. If there was an error with no payment being sent, then these would be solved manually. But a big exchange cannot afford to solve such issues manually thus having automated system for resolving them.

djeZo

hero member

Activity: 588

Merit: 520

Quote from: djeZo on February 09, 2014, 06:37:25 PM

Quote from: BotwinBG on February 09, 2014, 06:23:47 PM

I have a problem - I cannot modify my renting time. I want to give the user 6 hours. Upon entering 360 minutes, the time remained unchanged. Tried with 30 minutes - same thing. Also, I did not get paid.

Lease extension time is limited to +20% of original time. If you need to extend for more, refund is better option.

Quote from: kenshirothefist on February 09, 2014, 06:26:22 PM

djeZo, thanks for the latest updates! However, here is some more work for you Wink

:

1. this is minor (aesthetic): you should change this

"Modify renting time for"

change to

"Extend renting time for"

(to be clear that a rig provider is actually extending time, "modify" is somehow unclear - or can you actually put in negative values to even decrease rented time?)

2. this is more important:

When I put my rig to "Disable" you shouldn't hide all the editing options for a rig. This is very important when we are changing rig's type and therefore also wanna modify pricing. For example: I put my rig in "Disable" mode, switch cgminer to vertminer and then enable the rig - the pricing stays from the previous setting. Now, before I can make changes to pricing, someone might already hire my rig (believe or not, that just happened to me Wink

). Some kind of workaround would be to modify pricing before disabling the rig - but then again someone might rent it before I'm able to disable it and thus I can't even switch it anymore to another mode ... So, please, it would be very useful if you leave rig editing enabled when rig is disabled. Just print with red bold text DISABLED on top of the page so that I can clearly see that my rig is currently disabled.

Thanks for all the good work, LeaseRig rocks! Wink

1. Yes, you can enter in negative number to make lease shorter or even to terminate it.

2. Will fix this one tomorrow.

2. Fixed.

s4ndm4ns

full member

Activity: 131

Merit: 100

Quote from: BotwinBG on February 09, 2014, 08:37:15 PM

Can I disable the rig while it is being rented? If not - is it possible to add that?

You can remove the rent plans and wait until its over and disable afterwards.

Topic: [ANN] LEASERIG.NET - rent&hire Quark hashing power! - page 25. (Read 106956 times)