Topic: Hashpower.com - Buy and Lease Mining Shares (Read 14144 times)

Can some one please help , I dont understand how to get going on this site after registering on hashpower.com.

it seems minimum price per share is 0.0410000..  & minimum amount of shares one has to buy is 10,000 ? so I have to invest 420 btc to get going ?? can some one please tell what I am doing wrong here. 

How can I point it at a private/custom pool server?

I hope they fix the much higher then stratum Rejects. I can't afford to use hashpower as the rejects kill any small % gain over 100% I would get.
Either that or let people decide at what pay they will actually want to mine. For me 2-3% rejects reliably will drop the slight bonus to non-existant.

I would happily mine for hashpower reliably if either rejects are about what they are at Eclipse for me <.12% or I could bump my minimum to a % that I choose. Actually a % that I choose is even a little lacking as it ignores rejects but I am betting it could be set suitably high to account for the up to 10% rejects I have seen.

Hopefully this turns out as miner friendly as GPUMax was.

Good points Epoch.

Also consider that proxied getworks from hashpower have much higher reject/stales than a stratum pool.

I apologize in advance if this ends up sounding a bit harsh (I don't mean it that way), but just ran a quick calculation on current payout:

difficulty: 3275465
pure PPS: 0.00000763 BTC/share
Hashpower.com: 0.00000797 BTC/share

So Hashpower is paying out 797/763 or 104% PPS.

When you consider it does NOT payout transaction fees nor does it pay merged mining profit back to the miners, I have to question what the actual benefit of this service is to miners. The available hashrate seen on the Dashboard is typically between 50-100GH, which is small compared to its predecessor GPUMax (which was peaking around 150% PPS but usually in the 110%-120% range towards the end).

I do like the idea of Hashpower and think there is a demand for such a service. But, speaking as miner, I think the payout formula isn't advantageous enough; essentially the same payout would be expected out of any one of the fee-free DGM pools (which DO pay transaction fees AND merged mining).

The only potential benefit (for a miner) in using Hashpower is that it is true 'pay per share'; that is, zero variance. If a miner would normally mine at a fee-based PPS pool then Hashpower can make more sense. For example, the Eclipse PPS rate is currently 0.00000725, which makes Hashpower's rate of 0.00000797 (even though Hashpower does not pay transaction fees or merged mining) a bit more attractive.

But for regular DGM miners, I'm not sure that there is a benefit. Hashpower's 104% PPS is not a lot when you consider you'd be earning about as much on a free DGM pool (100% PPS + 2% transaction fees + 1% merged mining). Hashpower (at least not currently) also does not support >1 difficulty shares or GBT or Stratum so stales are higher than they would otherwise be.

Are there any plans to review Hashpower's fee and payout structure to better align it with the current mining environment?

Well The banner of text when trying to not run on vardiff isn't calming. Hopefully a way to actually control what the workers work for and vardiff are in the works.

I wonder why there is either diagnostic info there or just random crap. Either way I don't see why it would be there and after 5 days I can't imagine why the operator wouldn't let people either know why or check to see how the "pool" is doing.

Uhhhh it looks like someone is injecting code onto the workers page?

http://imageshack.us/a/img546/6920/hashpowerinject.jpg

The words keep changing too, like 30 seconds ago it said "LOOK HERE"

Could you add a field that would really help me out?
I would be interested in a pay compared to PPS. This as a percent or decimal would work fine.
My over 1% regularly reject ratio make the lower 102% or come close to netting out.
For easier control maybe let miners set a pay that makes sense to them with this service.
Thank You.

It was working great for the last few days.

Now, 125,000 shares on the market but nothing is happening.

Worker Stats showing negative (>1%) rejects and >1% offline.  But I never set up an offline.   

Ok I believe you.
Why diff100 for testing though?
Also user selectable vardiff?
Thanks!

If and when greater than diff1 is running (which is very rare right now and only when I am testing)
You get paid for X shares.
If its diff10, you get credited 10 shares.

I am adding a vardiff option to workers soon.

I am wondering the same thing... I hope everyone gets paid appropriately for their diff >1 shares.

So how does hashpower work with higher then 1 difficulty shares? I only ask because with a difficulty 100 showing up I am unsure how I get paid for it.

Edit: Hashpower shows the following.
last price
0.00000819
Eclipse PPS
0.00000800
Seems a little short for the difficulty.

Edit 2:
Why don't we submit all difficulty 1 shares and hashpower only passes on ones that meet the requested difficutly? It makes more sense to me since hashpower doesn't show a higher pay for higher difficulty. Since it takes longer to make one share it really should pay more. I have no idea if I am being paid the 100X for the higher difficulty.

I made a new account and never enabled an offline pool.

Offline pool (BTCGuild) doesn't show any shares submitted.

Yet Hashpower shows 3,134 Offline?  WTF?  Where are 1% of my shares going?

At least rejects are low.   

CGMiner shows ~2% rejects but account page shows none.  Also says 0% Accepted but pending funds show they are.


0% rejects is not possible on stratum, much less LP...   
Backup pool not enabled, but offline shares are still going up...   

I'm going to make a new account, this one is FUBAR.

Ukto announced on IRC that there will be maintenance downtime today.

The pool and webpage are down.

I don't know how but I accidentally the entire Hashpower.  

Was just trying to deselect "offline only" and now the mining worker won't save info for any offline pool (coinlab, guild, or slush).

Maybe this has something to do with the 10k share buy that hasn't been processed?

Edit:  Worker1 is still processing leased shares, but still won't save any settings for an offline pool.   

Yeah, thanks for the explanation Graet.

This emphasizes what I said earlier about the need for Hashpower being able to detect and disable pools with high (5%-100%) rejects.

Also, having more than one offline pool is important for similar reasons. 

Nobody's miners should be stuck pointed at dead/failing pools.

Thanks for that heads up.