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Topic: [GUIDE] Renting out your mining rig to Paycoin (XPY) Miners (Read 3638 times)

sr. member
Activity: 434
Merit: 250
just want to pop back onto this thread to say thanks to everyone who tipped me some btc dust, and those who tipped me more than dust, on this topic.

 Smiley
cheers guys.


R
sr. member
Activity: 434
Merit: 250
my miners all just point to the same betarigs stratum. each miner has that one single stratum as first pool option in the GUI.

screen shot shows miner hashrate ( even though the last renter left feedback which stated it's under power (!?) )

newbie
Activity: 3
Merit: 0
Thanks for the guide mate, the peons are digging hard.

One question, tho - I've noticed that you've combined the power of a few into the megarig, what soft did you use, if that's not a secret ? Is it stratum-proxy ? If it is (a lot of assumptions, I know Wink) are you using the getwork to stratum or stratum to stratum ? If that's the former, I assume it does not impact the performance of our beloved Spo(o)ns ? If the latter, what about the extranonce ?

Cheers Smiley
sr. member
Activity: 434
Merit: 250
my github

https://github.com/raskul

all cryptocurrencies in this git are community rights released.
any developer may change and work on the code of the coins.

as is with every cryptocurrency.
thanks.
sr. member
Activity: 434
Merit: 250
sr. member
Activity: 434
Merit: 250
see current rate on nicehash homepage at

https://www.nicehash.com/index.jsp
sr. member
Activity: 434
Merit: 250
woosh! i get up outta bed and the nicehash network has got to 3.2PH!
still, numbers are ok yet...

Code:
0.0862 BTC/TH/Day  576%
legendary
Activity: 3220
Merit: 1220
Looks like the rush is over?

my SP20 just went rented for 0.1466/TH/day.
sitting pretty  Cheesy

and nicehash is

Code:
SHA256	3334	2514.9770 TH/s	0.1211 BTC/TH/Day  863%

Just seems to be a lot rented out at 0.0140 BTC/TH/Day
sr. member
Activity: 434
Merit: 250
Looks like the rush is over?

my SP20 just went rented for 0.1466/TH/day.
sitting pretty  Cheesy

and nicehash is

Code:
SHA256	3334	2514.9770 TH/s	0.1211 BTC/TH/Day  863%
legendary
Activity: 3220
Merit: 1220
Looks like the rush is over?
sr. member
Activity: 434
Merit: 250
Thanks for this thread, sounds interesting... I've never tried renting my rigs out before. Might give it a go.

Regarding Paycoin, is this it:
https://bitcointalksearch.org/topic/annpyc-paycoin-going-to-be-hard-forked-soon-268941

If so, isn't that a Scrypt coin, so a SHA-256 miner like the SP20 wouldn't be able to mine it?

no mate, it's not the scrypt one. It's a SHA256. I would, however advise caution.. but hey, i'm sure you know what you are doing - you'll get a good rate by renting out your SHA256 rigs and just following the guide above.

best luck

ADD: i don't think this new paycoin has it's own [ANN] thread here, but it does have a massive cult following across many of it's own websites.
this is it's forum: https://hashtalk.org - watch out for the censorship!
Thanks raskul... so two coins with the same name! No wonder I was confused!

yeah, not sure why GAW have decided to use the name of an already established alt.. i suppose all the good altcoin names have all been used up - well, there are eleventy-gazillion of them bouncing around their individual blockchains, aren't there!?
hero member
Activity: 700
Merit: 504
Run a Bitcoin node.
Thanks for this thread, sounds interesting... I've never tried renting my rigs out before. Might give it a go.

Regarding Paycoin, is this it:
https://bitcointalksearch.org/topic/annpyc-paycoin-going-to-be-hard-forked-soon-268941

If so, isn't that a Scrypt coin, so a SHA-256 miner like the SP20 wouldn't be able to mine it?

no mate, it's not the scrypt one. It's a SHA256. I would, however advise caution.. but hey, i'm sure you know what you are doing - you'll get a good rate by renting out your SHA256 rigs and just following the guide above.

best luck

ADD: i don't think this new paycoin has it's own [ANN] thread here, but it does have a massive cult following across many of it's own websites.
this is it's forum: https://hashtalk.org - watch out for the censorship!
Thanks raskul... so two coins with the same name! No wonder I was confused!
sr. member
Activity: 434
Merit: 250
bump, more folks asking for help on this.

amended OP title
sr. member
Activity: 434
Merit: 250
Thanks for this thread, sounds interesting... I've never tried renting my rigs out before. Might give it a go.

Regarding Paycoin, is this it:
https://bitcointalksearch.org/topic/annpyc-paycoin-going-to-be-hard-forked-soon-268941

If so, isn't that a Scrypt coin, so a SHA-256 miner like the SP20 wouldn't be able to mine it?

no mate, it's not the scrypt one. It's a SHA256. I would, however advise caution.. but hey, i'm sure you know what you are doing - you'll get a good rate by renting out your SHA256 rigs and just following the guide above.

best luck

ADD: i don't think this new paycoin has it's own [ANN] thread here, but it does have a massive cult following across many of it's own websites.
this is it's forum: https://hashtalk.org - watch out for the censorship!
hero member
Activity: 700
Merit: 504
Run a Bitcoin node.
Thanks for this thread, sounds interesting... I've never tried renting my rigs out before. Might give it a go.

Regarding Paycoin, is this it:
https://bitcointalksearch.org/topic/annpyc-paycoin-going-to-be-hard-forked-soon-268941

If so, isn't that a Scrypt coin, so a SHA-256 miner like the SP20 wouldn't be able to mine it?
sr. member
Activity: 434
Merit: 250
thanks for sharing that.  Wink
sr. member
Activity: 340
Merit: 250


sounds good. well, i've set my betarigs to the best price i've managed to attain since yesterday morning when XPY launched.
If they get rented at that rate, it's way over what I'm likely to get on nicehash, when it's not rented at that high price, i take what I can get from the nicehash bidding.

do you have a link to a thread explaining your script? i'd be interested to try it out.

http://pastebin.com/RytHd9Wk
sr. member
Activity: 434
Merit: 250
As stated in the OP, i include nicehash as my 1st failover from betarigs because you can specify your required price on betarigs - hence, you could obtain a higher price.

I have a nice script that I wrote, it uses betarigs API to update price based on market conditions every 5 minutes, so you get always rented for the highest possible price.

However, I would not use it on paycoin because the rental market swings WILDLY. There is a really big chance that you will get rented and locked in, and then rental price goes up and you are out of luck. Conversely, you might get rented for a super high price and get locked in. It depends on how much of a gambler you are.

I think nicehash is the better choice for this current phenomenon, because of the super fast setup and especially because you are introducing it to people who don't usually rent (and don't understand rental as a concept).

sounds good. well, i've set my betarigs to the best price i've managed to attain since yesterday morning when XPY launched.
If they get rented at that rate, it's way over what I'm likely to get on nicehash, when it's not rented at that high price, i take what I can get from the nicehash bidding.

do you have a link to a thread explaining your script? i'd be interested to try it out.
sr. member
Activity: 340
Merit: 250
As stated in the OP, i include nicehash as my 1st failover from betarigs because you can specify your required price on betarigs - hence, you could obtain a higher price.

I have a nice script that I wrote, it uses betarigs API to update price based on market conditions every 5 minutes, so you get always rented for the highest possible price.

However, I would not use it on paycoin because the rental market swings WILDLY. There is a really big chance that you will get rented and locked in, and then rental price goes up and you are out of luck. Conversely, you might get rented for a super high price and get locked in. It depends on how much of a gambler you are.

I think nicehash is the better choice for this current phenomenon, because of the super fast setup and especially because you are introducing it to people who don't usually rent (and don't understand rental as a concept).
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