GPUMAX | The Bitcoin Mining Marketplace - page 126.

The LT

full member

Activity: 186

Merit: 100

Quote from: pirateat40 on January 21, 2012, 09:37:52 PM

Quote from: The LT on January 21, 2012, 09:33:50 PM

Got the invite to GPUMAX, but trying to input the password on the page isn't successful. Tried in all browsers... Sad

Sad, sad day...

Hey,

Sorry about that, we had one other user have an issue with setting a password but we have not been able to reproduce the issue. I'll have your password reset for you.

Please send me your email in PM.

Thanks,

Sent a PM! That was lightning-fast! Shocked

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: The LT on January 21, 2012, 09:33:50 PM

Got the invite to GPUMAX, but trying to input the password on the page isn't successful. Tried in all browsers... Sad

Sad, sad day...

Hey,

Sorry about that, we had one other user have an issue with setting a password but we have not been able to reproduce the issue. I'll have your password reset for you.

Please send me your email in PM.

Thanks,

The LT

full member

Activity: 186

Merit: 100

Got the invite to GPUMAX, but trying to input the password on the page isn't successful. Tried in all browsers... Sad

Sad, sad day...

Costia

newbie

Activity: 28

Merit: 0

i guess i have been a bit off topic then

good luck with the service
sounds interesting

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: Costia on January 21, 2012, 04:38:49 PM

Quote from: jamesg on January 21, 2012, 02:59:16 PM

Quote from: Costia on January 21, 2012, 06:13:33 AM

so to maximize profits large pools can do blockchain-hopping every 2 weeks?
i guess to answer this i will need a better understanding of how the difficulty is set...

There is only 1 block chain.

You would point your hashing power to gpumax to make MORE than PPS rates when mining.

You might want to purchase hashing power if you feel you are going to be lucky or you are running your own pool / pool software to test things out. You might want to rent hashing power for other reasons too.

It would be wise of you to read more and post less until you have a better grasp of what is going on. It took me months, but I'm dumb so it might not take you as long.

there are at least 5 block chains of different crypto currencies

We only support Bitcoin mining.

Costia

newbie

Activity: 28

Merit: 0

Quote from: jamesg on January 21, 2012, 02:59:16 PM

Quote from: Costia on January 21, 2012, 06:13:33 AM

so to maximize profits large pools can do blockchain-hopping every 2 weeks?
i guess to answer this i will need a better understanding of how the difficulty is set...

There is only 1 block chain.

You would point your hashing power to gpumax to make MORE than PPS rates when mining.

You might want to purchase hashing power if you feel you are going to be lucky or you are running your own pool / pool software to test things out. You might want to rent hashing power for other reasons too.

It would be wise of you to read more and post less until you have a better grasp of what is going on. It took me months, but I'm dumb so it might not take you as long.

there are at least 5 block chains of different crypto currencies

imsaguy

vip

Activity: 574

Merit: 500

Don't send me a pm unless you gpg encrypt it.

Quote from: jamesg on January 21, 2012, 02:59:16 PM

I'm dumb

Witnessed.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: Costia on January 21, 2012, 06:13:33 AM

so to maximize profits large pools can do blockchain-hopping every 2 weeks?
i guess to answer this i will need a better understanding of how the difficulty is set...

There is only 1 block chain.

You would point your hashing power to gpumax to make MORE than PPS rates when mining.

You might want to purchase hashing power if you feel you are going to be lucky or you are running your own pool / pool software to test things out. You might want to rent hashing power for other reasons too.

It would be wise of you to read more and post less until you have a better grasp of what is going on. It took me months, but I'm dumb so it might not take you as long.

Costia

newbie

Activity: 28

Merit: 0

so to maximize profits large pools can do blockchain-hopping every 2 weeks?
i guess to answer this i will need a better understanding of how the difficulty is set...

BinaryMage

hero member

Activity: 560

Merit: 500

Ad astra.

Quote from: Costia on January 21, 2012, 01:34:23 AM

an interesting idea would be to pay for the hash power - and then not use to reduce the difficulty of the next blocks

Interesting, but probably not profitable...

Costia

newbie

Activity: 28

Merit: 0

an interesting idea would be to pay for the hash power - and then not use to reduce the difficulty of the next blocks

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: bitfoo on January 21, 2012, 12:24:30 AM

Quote from: nmat on January 21, 2012, 12:09:41 AM

I would say that most of the time is for testing purposes. For example, if you are setting up a new pool, you need hashing power to test it.

But gpumax will only direct hashing power to "trusted" pools, if I understand correctly, making it useless for this purpose.

That has changed, we have systems in place now to verify your pool is working on legit work.

It's been a long day, I'll send out a site update post and more information in the morning when I've been refreshed.

bitfoo

donator

Activity: 289

Merit: 250

Quote from: nmat on January 21, 2012, 12:09:41 AM

I would say that most of the time is for testing purposes. For example, if you are setting up a new pool, you need hashing power to test it.

But gpumax will only direct hashing power to "trusted" pools, if I understand correctly, making it useless for this purpose.

Costia

newbie

Activity: 28

Merit: 0

Quote from: nmat on January 21, 2012, 12:09:41 AM

Quote from: Costia on January 20, 2012, 10:59:28 PM

I have read the entire thread. most of it is miners saying they want to join and others alerting you about possible security issues.
I am new to the whole Bitcoin business and simply asking for an explanation about how this service can be beneficial to either side?
Basically I am asking for examples of "use cases" for the service you provide.

I would say that most of the time is for testing purposes. For example, if you are setting up a new pool, you need hashing power to test it.

http://bitcoin.stackexchange.com/questions/2269/why-would-someone-rent-hashing-power

Thanks, that's what i was looking for. though some uses there assume buying hash power for USD rather than Bitcoin (which would put the service in danger of losing money if the exchange rate goes up, since he intends to pay the miners in BTC )
hmm. this service can be really useful if both sides are paid in usd

nmat

hero member

Activity: 602

Merit: 502

Quote from: Costia on January 20, 2012, 10:59:28 PM

I have read the entire thread. most of it is miners saying they want to join and others alerting you about possible security issues.
I am new to the whole Bitcoin business and simply asking for an explanation about how this service can be beneficial to either side?
Basically I am asking for examples of "use cases" for the service you provide.

I would say that most of the time is for testing purposes. For example, if you are setting up a new pool, you need hashing power to test it.

http://bitcoin.stackexchange.com/questions/2269/why-would-someone-rent-hashing-power

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: Transisto on January 20, 2012, 11:17:19 PM

Quote from: BinaryMage on January 20, 2012, 11:03:28 PM

How are the invites going? Waiting expectantly for mine... Grin

You're not missing much, as there is no way to purchase mining power, yet.

Update is happening as we speak.

Transisto

donator

Activity: 1731

Merit: 1008

Quote from: BinaryMage on January 20, 2012, 11:03:28 PM

How are the invites going? Waiting expectantly for mine... Grin

You're not missing much, as there is no way to purchase mining power, yet.

BinaryMage

hero member

Activity: 560

Merit: 500

Ad astra.

How are the invites going? Waiting expectantly for mine... Grin

Costia

newbie

Activity: 28

Merit: 0

I have read the entire thread. most of it is miners saying they want to join and others alerting you about possible security issues.
I am new to the whole Bitcoin business and simply asking for an explanation about how this service can be beneficial to either side?
Basically I am asking for examples of "use cases" for the service you provide.

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: Costia on January 20, 2012, 10:32:59 PM

I dont understand the point of this service
There are pools that offer PPS of 1/difficulty*50 with an optional donation percentage and no fees
So from a miners standpoint i don't see a reason to sell my hash power at a lower rate
From a buyer's stand point: paying more than 1/"difficulty"*50 per share is stupid since on average you will get 50BTC per "difficulty" shares. so on average you would be buying 50BTC for more than 50BTC
From the bitcoin system point of view: mining gets more centralized which is a security risk fir the system. Even if nobody will be able to exploit this for profit, somebody might find a way to use is to de-stabilize the p2p network
So what's the point of this service?

If you don't see a point in this service, you don't have to use it. I do recommend you spend a little more time reading the information in this thread though.

Topic: GPUMAX | The Bitcoin Mining Marketplace - page 126. (Read 215555 times)