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Topic: GPUMAX | The Bitcoin Mining Marketplace - page 71. (Read 215554 times)

sr. member
Activity: 303
Merit: 250
oh joy, TAKE ALL MY SHARES!   Cool
legendary
Activity: 1876
Merit: 1000
I'm getting public work, but ~35% (!) rejects. Anyone else experiencing this?

I cant see my rejects...  accessing date thru php scripts..  but I can see the btc's rolling in  ch-ching

gpu diffs:
BTC'S:    3.044700 in: 6335 seconds   0.03 p/m- 1.73 p/h- 41.53 p/d         
shares:  61,699 in: 6335 seconds  584 p/m  35,062 p/h  841,483 p/d


edit:  400 seconds later.. still getting shares regularly

0.194818 in: 396 seconds   0.03 p/m- 1.77 p/h- 42.51 p/d         
3,941 in: 396 seconds  597 p/m  35,827 p/h  859,855 p/d


edit2:  still kickin ass ..woot
0.469105 in: 996 seconds
0.03 p/m- 1.70 p/h- 40.69 p/d
hero member
Activity: 560
Merit: 500
Ad astra.
I'm getting public work, but ~35% (!) rejects. Anyone else experiencing this?
hero member
Activity: 566
Merit: 500
I have live stats!!!!   Grin
vip
Activity: 1358
Merit: 1000
AKA: gigavps
Update

After a problematic migration we're now ready to fire back up the system and throw everything we can at it.

It's now time to get back to inviting.  To those that have patiently waited on the waiting list, I'm sorry for the delays and hope it will be worth the wait. Smiley

Enjoy,

So where is my invite?  Huh

Coming Soon!

Chirp chirp.
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
Update

After a problematic migration we're now ready to fire back up the system and throw everything we can at it.

It's now time to get back to inviting.  To those that have patiently waited on the waiting list, I'm sorry for the delays and hope it will be worth the wait. Smiley

Enjoy,

So where is my invite?  Huh

Coming Soon!
hero member
Activity: 504
Merit: 500
FPGA Mining LLC
Update

After a problematic migration we're now ready to fire back up the system and throw everything we can at it.

It's now time to get back to inviting.  To those that have patiently waited on the waiting list, I'm sorry for the delays and hope it will be worth the wait. Smiley

Enjoy,

So where is my invite?  Huh
hero member
Activity: 532
Merit: 500
Update

After a problematic migration we're now ready to fire back up the system and throw everything we can at it.

It's now time to get back to inviting.  To those that have patiently waited on the waiting list, I'm sorry for the delays and hope it will be worth the wait. Smiley

Enjoy,

exciting news!
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.

And yes, I have set my measly 5 Ghash at many veried prices between .000035 and .00005 and never, afterwards, have I seen the purchase price at anything but .000055. 

Sigg

The price people pay is based off the bottom 50% of what the average price is.  Do you really think your 5G is going to push around the price that these guys with 200+G have set?  You are small fish and get to swim whichever way the water is flowing.
sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
Update

After a problematic migration we're now ready to fire back up the system and throw everything we can at it.

It's now time to get back to inviting.  To those that have patiently waited on the waiting list, I'm sorry for the delays and hope it will be worth the wait. Smiley

Enjoy,
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
It isn't a price issue right now as rjk said...

I thought that Pirate said earlier that price is the result of some function and asking prices on miners' parts.
The price paid for rented power is a function of how much the miners are asking to be paid. If the ask is too low, then the buyers pay less, and everyone makes less. If people keep asking 0.00003, then the buyers will only be paying 0.000035 or 0.00004, and those that are asking 0.00005 or 0.00006 won't be paid at all.

If you want the buyers to pay 0.000055 or 0.00006 or whatever, you can't set your price at 0.00003, it just won't work. I guess it's a little harder for people to figure out since there are no fancy charts of the bid/ask and also since bid/ask functionality is severely castrated in the current software's form.
hero member
Activity: 633
Merit: 500
It isn't a price issue right now as rjk said...

I thought that Pirate said earlier that price is the result of some function and asking prices on miners' parts.
legendary
Activity: 1666
Merit: 1000
It isn't a price issue right now as rjk said...
sr. member
Activity: 303
Merit: 250
i'm getting a bit of public work at 0.000042
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
People might have realized that its not profitable to pay .000055 a share.  Pirate might not have any buy orders right now.  I have been on public works since yesterday at .000036.
Guys seriously, transferring to a new server/cluster isn't an instant bang bang done thing, it usually takes a bit to optimize. Setting your price to something retardedly low like that will only make it impossible for everyone else to have theirs high. The reason you aren't getting leased shares isn't because you are charging too much, it's cause leased purchases likely aren't happening right now.
sr. member
Activity: 308
Merit: 250
People might have realized that its not profitable to pay .000055 a share.  Pirate might not have any buy orders right now.  I have been on public works since yesterday at .000036.
full member
Activity: 196
Merit: 100
I must be getting some public shares to receive .02 btc from gpu max and the rest from my backup

In the last couple of days during the migration there were brief periods where they did the public work that is the payment you see, I also got one for those days.
hero member
Activity: 560
Merit: 500
Ad astra.
Cutover to new cluster has already improved things for me! Getting less rejects/disconnects now, plus the website seems to be improved (no transaction history, or payout estimate yet though, which would be nice!)

All my work seems to be going offline though  Sad  except for once and a while, where I will get lots of leased work for a short time, then back to all offline. Pirate, are you testing purchases on the new cluster still? Any idea when the cutover/testing process will be complete, and new purchases/resulting leased-work will be available?

Ditto; my rejects are significantly lower. Any news on public work Pirate?
e21
member
Activity: 105
Merit: 10
Update

The soon has come! We'll be migrating the system to the new cluster today.  During this time we except the system to be down for about an hour.  Due to timing the changes with our DC we don't have an exact time for the down time, so please be sure to have a fail-over set for your miners so you don't get caught with your pants down.

I'll send another message with details of the update when all system are GO.

Thanks again for your patience and support.

-pirate

Cutover to new cluster has already improved things for me! Getting less rejects/disconnects now, plus the website seems to be improved (no transaction history, or payout estimate yet though, which would be nice!)

All my work seems to be going offline though  Sad  except for once and a while, where I will get lots of leased work for a short time, then back to all offline. Pirate, are you testing purchases on the new cluster still? Any idea when the cutover/testing process will be complete, and new purchases/resulting leased-work will be available?

I think we all need to come to terms with the fact that when a pay per share pool is giving .00003337, we probably aren't going to find buyers at .000055, which is why I've lowered my asking price.  Because the purchase price is still sitting at .000055 per share, I guess I'm the only one, and it is little wonder why people are unwilling to pay a 64% premium on a few minutes worth of 300 GH/s bragging rights.

This is why I really believe we are currently doing things backwards.  The pricing power should be turned over to the buyers.  Only they know where it is profitable for them to purchase shares.  Let them compete to purchase shares, and we would see near 100% utilization of public shares.   I'd much rather get 100% of .000045 than the current 10% of .00005.

Currently, if a miner sets a low minimum, they currently get _only_ that minimum, no matter what the actual sell price is.  While this is Great for Pirate, that leaves no incentive for a miner to set their price at anything less than .00005.

At the very least, let us set an absolute minimum, but give us the actual sell price minus a flat 10% fee.

And yes, I have set my measly 5 Ghash at many veried prices between .000035 and .00005 and never, afterwards, have I seen the purchase price at anything but .000055. 

Sigg

+1
sr. member
Activity: 381
Merit: 250
I think we all need to come to terms with the fact that when a pay per share pool is giving .00003337, we probably aren't going to find buyers at .000055, which is why I've lowered my asking price.  Because the purchase price is still sitting at .000055 per share, I guess I'm the only one, and it is little wonder why people are unwilling to pay a 64% premium on a few minutes worth of 300 GH/s bragging rights.

This is why I really believe we are currently doing things backwards.  The pricing power should be turned over to the buyers.  Only they know where it is profitable for them to purchase shares.  Let them compete to purchase shares, and we would see near 100% utilization of public shares.   I'd much rather get 100% of .000045 than the current 10% of .00005.

Currently, if a miner sets a low minimum, they currently get _only_ that minimum, no matter what the actual sell price is.  While this is Great for Pirate, that leaves no incentive for a miner to set their price at anything less than .00005.

At the very least, let us set an absolute minimum, but give us the actual sell price minus a flat 10% fee.

And yes, I have set my measly 5 Ghash at many veried prices between .000035 and .00005 and never, afterwards, have I seen the purchase price at anything but .000055. 

Sigg
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