How does CEX.io split GH\s ? | Bitcointalksearch.org

Reclaim3r

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Quote from: jowaybea on August 06, 2014, 03:04:42 PM

At the end of the day, all pools pay BTC based on a formula used to calculate which and how many shares each user "owns" and what, in BTC, each of those shares is valued at. I would assume since CEX operates the hardware, it is easier for them to just pay out an equal amout of BTC per GH that each user "owns". Assigning actual hardware based variability by user would be pointless.

Thank you for the helpful info

Would it be possible to use a similar system to Cryptostocks where people could hold shares and get payed dividends?
CEX.io appears to pay at regular intervals so I guess they'd have to process each owners owned GH\s and profits pretty quickly. I assume...

jowaybea

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At the end of the day, all pools pay BTC based on a formula used to calculate which and how many shares each user "owns" and what, in BTC, each of those shares is valued at. I would assume since CEX operates the hardware, it is easier for them to just pay out an equal amout of BTC per GH that each user "owns". Assigning actual hardware based variability by user would be pointless.

Reclaim3r

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Quote from: Collider on August 06, 2014, 02:39:55 PM

I don´t think you would be able to build such a software unless you also have your own pool.

What you can do in some miners though is split a percentage of your rig to another pool etc.

I think the cloud hosting software from gawminers might also allow something like that.

I could make a pool, that's another story.
How exactly would that split happen? Huh

Collider

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I don´t think you would be able to build such a software unless you also have your own pool.

What you can do in some miners though is split a percentage of your rig to another pool etc.

I think the cloud hosting software from gawminers might also allow something like that.

Reclaim3r

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Quote from: cloverme on August 06, 2014, 02:14:32 PM

They have multiple asic machines (custom) that use bitfury chips. Then, they just developed their own software to sell off shares of the mining power and sell it as a commodity.

Hardware: https://cex.io/redeem

I remember seeing the custom hardware, so thanks for the link

Any ideas of how that software works? Does it split profit or the mining power itself somehow?

I was interested in making a little testnet for a future business idea where people could be allowed to choose what pool they wanted as well as the coin they wanted to mine.
They could also have the option of choosing Scrypt, SHA256, and X11.

cloverme

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SpacePirate.io

They have multiple asic machines (custom) that use bitfury chips. Then, they just developed their own software to sell off shares of the mining power and sell it as a commodity.

Hardware: https://cex.io/redeem

Reclaim3r

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How does CEX.io do it? I know it isn't hardware because it would be pretty painstaking to have to use 1 kilohash ASIC's Cheesy

Do they just have a mining rig and split the profits based on who owns how many GH\s?

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