Glad to have you all mining with us
Topic: [ANN][POOL] ipoMiner - Profitable multipool targeting new coins + merged mining! - page 122. (Read 366289 times)
March 16, 2014, 10:21:33 PM
Indeed, but now we've gotten a block and all is well. Difficulty above 800 makes Spain a bit tough now at our current hashrates. The drop in price has made it far less profitable now anyway, so we'll switch to something else now. We've gotten lucky with Spain blocks over the past day and a half, but variance does cut both ways.
Glad to have you all mining with us
Glad to have you all mining with us
March 16, 2014, 08:41:02 PM
was just thinking the same thing 5.5 hours so far
March 16, 2014, 08:29:19 PM
Ugh the current block is a killer.
March 16, 2014, 07:21:00 PM
If it was a faster process to rent rigs, I would have been renting them throughout February. We were beating the rig rental costs every day by at least 20% -- more than enough to make it worthwhile to rent, but it wasn't worthwhile enough for me personally to spend the time required to manage the rentals/payments/etc.
March 16, 2014, 07:03:42 PM
Renting rigs can be extremely profitable, and in my view, less risky than buying into newer coins with less than stable prices. You can always calculate the expected profitability of mining in terms of btc/mh/day if you know the block reward, difficulty, and price. Just estimate conservatively and see if your profit calculation beats the rental price. If it does, you'll probably make money. Even if you don't earn back the full rental price, you'll only lose a percentage of the rental price, which is likely to be much less than you would have lost with trading. Note that you can rent for as little as 3 hours, which is what I tend to do when renting to mine newer coins.
Basically: I think the potential upside to renting is slightly less than trading, but the downside potential is dramatically less.
Basically: I think the potential upside to renting is slightly less than trading, but the downside potential is dramatically less.
Shhhh.. we don't want everybody stealing the cheap rigs!
I agree, renting can be profitable, though it's usually only feasible to rent when a coin is in its infancy. Once a coin starts getting hammered by miners the btc/mhash return goes way down.. unless it's an uncommon case as with SPA/AUR/etc.
March 16, 2014, 06:51:16 PM
Renting rigs can be extremely profitable, and in my view, less risky than buying into newer coins with less than stable prices. You can always calculate the expected profitability of mining in terms of btc/mh/day if you know the block reward, difficulty, and price. Just estimate conservatively and see if your profit calculation beats the rental price. If it does, you'll probably make money. Even if you don't earn back the full rental price, you'll only lose a percentage of the rental price, which is likely to be much less than you would have lost with trading. Note that you can rent for as little as 3 hours, which is what I tend to do when renting to mine newer coins.
Basically: I think the potential upside to renting is slightly less than trading, but the downside potential is dramatically less.
Basically: I think the potential upside to renting is slightly less than trading, but the downside potential is dramatically less.
March 16, 2014, 06:28:08 PM
Is renting rigs worth it? Wouldn't it be better to spend the money and BTC to exchange for the coin outright?
We are getting really lucky this afternoon - 4 blocks in 3 hours now, amazing. For your amusement, here's my personal hashrate graph from when I was renting rigs last night:
i was wondering the same thing - but it does get more hash into the pool which is a good reason enough in itself....
I speculated and did some short 3/6 hour rentals and it paid off, That said we havent found a block in 3 hours so it can go either way.
March 16, 2014, 06:26:26 PM
Well gee thanks IPOMiner, wtf am I meant to do with the 0.16BTC you just earned me in 24 hours..way to make life difficult!
March 16, 2014, 05:23:31 PM
Is renting rigs worth it? Wouldn't it be better to spend the money and BTC to exchange for the coin outright?
We are getting really lucky this afternoon - 4 blocks in 3 hours now, amazing. For your amusement, here's my personal hashrate graph from when I was renting rigs last night:
i was wondering the same thing - but it does get more hash into the pool which is a good reason enough in itself....
March 16, 2014, 05:20:29 PM
Is renting rigs worth it? Wouldn't it be better to spend the money and buy BTC to exchange for the coin outright?
We are getting really lucky this afternoon - 4 blocks in 3 hours now, amazing. For your amusement, here's my personal hashrate graph from when I was renting rigs last night:
http://i.imgur.com/M7ZplXH.jpg
http://i.imgur.com/M7ZplXH.jpg
March 16, 2014, 05:13:13 PM
Added 5 MH/s to this pool today.
Go ipominer!
We need a /r/ipominer subreddit.
Go ipominer!
We need a /r/ipominer subreddit.
March 16, 2014, 05:10:52 PM
Confirming I'm using power line adapters by tp link, one by the router one upstairs and one in the garage where it's cool. Been stable for weeks.
do you have a link for them??? sorry i am being lazy i know... i have 3 rigs all running on usb wifi... normally is ok, but can cut out for no reason - like has happened today
March 16, 2014, 04:58:03 PM
Confirming I'm using power line adapters by tp link, one by the router one upstairs and one in the garage where it's cool. Been stable for weeks.
March 16, 2014, 04:12:56 PM
Powerline networking has come a long way over the years in terms of lower costs and actually working well.. should be a viable alternative at a fairly reasonable cost these days.
Time to Google this magic you speak of....
March 16, 2014, 04:07:03 PM
Powerline networking has come a long way over the years in terms of lower costs and actually working well.. should be a viable alternative at a fairly reasonable cost these days.
March 16, 2014, 04:06:09 PM
Easier said than done unfortunately - especially with my Mrs and a newborn 
Been tweeting out about your pool, so hopefully a little more traffic incoming
Powerline Been tweeting out about your pool, so hopefully a little more traffic incoming
March 16, 2014, 03:48:59 PM
We are getting really lucky this afternoon - 4 blocks in 3 hours now, amazing. For your amusement, here's my personal hashrate graph from when I was renting rigs last night:
March 16, 2014, 02:52:20 PM
i just want to get n the top ten hashers list....
consistently top 10 but not showing on that list...
but i agree im really liking this pool, especially after that last block - 10 SPA coming my way - plus 4 already cashed out .....
consistently top 10 but not showing on that list...
but i agree im really liking this pool, especially after that last block - 10 SPA coming my way - plus 4 already cashed out .....
March 16, 2014, 02:49:47 PM
My numbers are looking VERY good!
March 16, 2014, 02:07:08 PM
Great, thanks! Congratulations on the newborn, and good luck trying to keep the Mrs. happy
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