Topic: Last Attempt Service (Clients) (Read 808 times)

While we didnt get the whole experience going with 20/333 Mikey statement was right you can't enforce luck .. as an appreciation for who participated as I said earlier.. will send you your btc back up to 1 August when I buy.. nailen and Yahya..  thanks..

The ban has been removed, let's get that going! We only got 20 out of 333 shares. Everyone is welcome to jump in now still.

Tried to send 1 merit but failed as CryptoHFs is banned until tomorrow (as i got banned for a week for PM ad spam while i was trying to promote the service). I appreciate the insights. At the end all of us our goal is to make money for a better life. Having that said if we 100% give up or lose I will refund all the participants after I purchase btc again soon. At least as an appreciation for them taking the step to participate. Have a lovely day 💕

alas, this doesn't change the general equation when risk/reward is tasked into account, you seem to be ignoring two critical parts:

1- Your share of that 350PH is very small.
2- The chances of those 350PH hitting a block anyway is 1 in 1,122.

Let's look at it from a different point of you, you are going to participate in 76 runs with 350PH each, lasts for 4 hours, that is the equivalent of 26,600PH running for 4 hours straight, your average 100% luck would get you 1.73 blocks or 10.8 BTC.


Now let's calculate the total cost of that 350 package so we can get the number of shares in each run , the average price per PH on nice hash is 0.00267 btc / day, so 4 hours for 350PH would be  0.00267/24*350*4 = 0.15575 BTC if each share is 0.0001 then the total shares must be 1,557 shares

Your total shares are 333, the total other shares will be at least 1,557 * 76 = 118,332, and your % of those shares is 0.281% or 0.030348 BTC (less than the initial 0.0333 BTC you paid).

Of course, this assumes 100% luck, if your luck is 50% you get double that if it's 200% you get half, so with the 25% fees, this is an overall terrible strategy.

With this approach you are more like pool mining than solo mining, you are joining a large force that has a high chance of winning while your share of that potential reward is pretty small, this goes against the solo mining runs that other folks run, I am not sure if you understand this, but while you have greatly reduced the risk (you will unlikely get out without any payment with this strategy) you have also drastically reduced your potential rewards.

In reality, with the fees that nicehash will get from you, if you run your strategy against infinity you will end up losing money no matter what, of course, you get 25% it's a good deal, but for everyone else, they will certainly lose money in the long run, there is no doubt about it for anyone who understands how mining really works.



There is a huge difference between trading and attempting to "break luck", one is proven to work, another is scientifically proven NOT to work, there is no way to solve luck, luck is random.

See I really have no issue with you trying to experiment whatever you want, after all, it's your money, but the people who join the runs should be aware that the math states that they will end up losing money using this strategy with 25% fees.

Good luck.

Finally, a confirmation - all good now

Locking now - will reopen with end result

When I increased the fee, the fastest fee was 13 sat/vB but now it is 24 sat/vB. If I don't get any confirmation within an hour or two, I will increase the fee again.

Yup, am watching it since the first replace and have put the tx in some accelerators

It is taking a lot of time and the transaction is not confirmed yet.
I increased the fee to 13.5 sat/vB and yet it's been about an hour and I haven't gotten any confirmation.

This new TX:
https://blockstream.info/tx/490ab18865c8711010a799ff1872dbb8648d976c33e072a679a68fb15c2ee26a

Received, thanks for accepting my request to jump in 

NH Address: bc1qex7k6ujz7mxjdc55zjwujdnjj57lt9cdzy3vts
Return Address: bc1qcgz7decp44zu8d26gjceuef0myz6j3ccljp5dm
Txid: 088b1260c2b735dce71c4b602fa1e2269c2ece554cc0092ea4421d5d26838661
Number of shares: 10 - 0.001 btc

Payment done, good luck everyone.

I do see Yahia transaction is done

1. @iwantmyhomepaidwithbtc2 (Payment-Pending)
2.nalien2000 (Payment-Received)
3.yahiaali3 (Payment-Received)
4……?

Who is next 

Hey  
While this is broken down into 76 attempts it means you do join 350 ph/s for 76 times. 4 hours x 76 which is 304 hours or 12.6 days of 350 phs not 30 minutes or so. Every attempt is a whole run of 4 hours so in short your break down the risk into 76 times or being able to participate in 12 days of 350 phs and having the chances in share amount is to act like if it was a straight run for 12 days not many ones each 4 hours so whenever there's a hit you can recover and go on.

I do believe that we may have a slight difference from our point of view as I came from trading nasdaq and others to crypto so I have some experience creating strategies and I am trying to combine my experience here and there together. Maybe this is the reason I am leaning more to my plan but yeah

12.6 days of 350 ph will never equal 30 minutes it give you more chances and lower profits that you can keep working on the same way to raise it until you go the solo attempts this is why b and c will never equal a due to nicehash team gold usage. In business people think first about losses than profits  and securing the capital so I'd rather go 76 attempts that may even make the 333 shares 400 only which is less than 20% raise than just losing it all at one time this defines the difference between gambling and putting a plan.

I appreciate you commenting  and it seems like most of people isn't happy with it so I can't complain but I hope they have seen it the way I do

Thank you for your PM, sorry I didn't attend to it early.


You are right, your way of doing these runs will consume a lot of time and effort on your behalf, but you know what's the problem? it's all for nothing, it has exactly zero effect on the probability of hitting a block based on the BTC spent.

In other words, as a participant, I rather join a regular run and pay the same amount and not have to pay you 25% of my reward than have you stay up all night, doing some unnecessary things that don't increase our chances of hitting a block, only to pay you that large fee if we get lucky.


In other words, this plan that you mentioned which I will refer to as plan "A" :


Which will cost 0.0333 BTC and has the EXACT same changes as the following:

B: 1 attempt x333 shares.
C: Rent the whole gold team 350PH on your own even if it lasts for only 30 minutes.

So your plan "A" needs planning, time, and effort, and costs whoever wants to join you 25% of their potential profit, while plan "B" and "C" take a few minutes to set up, and cost next to nothing to run, this is all there is to it.

I understand your intentions are good, the above has nothing to do with you as a person, I am only stating simple statistics and probability.

Replying from my alt.
Apparently when I started using rentals nicehash had better rates, interface and more this is the reason I am using it. However, I will be considering MRR for a test in the future but not now as I have set up everything based on nicehash. Also I don't know if MRR has team gold and it seems to be no for now.

Regarding fees people do forget about the outcome.. so you leave a chance to earn a net of up to 150x of your money because someone else will have a portion? Like paying 3 dollars to be 450 but someone else will benefit? Fk no!.. this is not the kind of people I need to join me.

Regarding the alt coins you mentioned a very important point that I am building a plan for dual ltc and doge mining but shouldn't be released now. We need to success in this package first and focus on only one thing.

Yes, I will never consider anything but solo pools for the last step however before that nicehash teams are more like pplns and the time is locked for all the people so you know the reward rate before it comes.

I appreciate your comment and wish you to hop in before the last day of tomorrow to join. And don't think about the fees think about your reward if we succeed.

Thank you

Edit

We only need another 74 shares to operate successfully from tomorrow. However, it would be much more better if we get close to the capacity.

Why use nicehash? Wouldn't you be able to use Mining Rig Rentals (my reference link)  to save a few Satoshi?
Your fee is excessive maybe a more manual approach for your fee would make the proposal make more sense.
Or run the numbers on block rewards on a (alt)coin on a new pool with a growing presence. <- never fails if you time it right and can stay consistent with your strategy (sometimes you may lose 3 rolls in a row on your first try, but overall sampling is successfully net positive for me In the right situations.)
Play attention to PPS PPLNS ECT. Some of these structures can play to your benefit depending on pool rules ie. Pool counts your shares for 1 hr vs 6hrs
Newer pools usually have longer thresholds good luck.

What you said is correct
But there's a slight difference between [set & forget] runs and between me being awake all the time to monitor and execute the strategy and scaling or downgrading the amount based on the results. Nicehash release a new run every 1 hour x10 hours a day so everyday I spend 10 hours straight monitoring and changing shares per runs based on the results. And if we got a hit during the 10 I remain more time for scaling. The money management plan of this hard working run is not easy. This is why I valued this exhausting plan fees 50% then made it 1/3. If I say 10% or less for all the effort I may end up stealing the reward because the outcome doesn't satisfy the hard work process. So, I reward myself well to keep going. I appreciate your comment and truly happy that you look at my message and took the time to comment. Thus, i will downgrade my fee for the last time for 25% and I hope it works this time and viewers can relate the effort that's going to be done in it. Not to mention that this money management system will save a lot of money from random entries and whether you hit or not. Here you have 76 attempts even if you pay $3 all this should deserve the profit share at least imo. I still want you to join 

Not to complain but when I ran these I charged zero fees.

Also willi9974 charges no fee.



To get ⅓ of the profits if a block is hit is huge fee.

cost is 0.0333 for the players

so a 6.25 block - .12 fee for ck = 6.13 coins - 0.0333 = 6.0967 profit

and 6.0967 x 33% = 2.011911 coins


This is my understanding of what your fee would be.

Hi all,
The maximum joining date is set to Monday night which will be the time yahia funding his position.

Thanks nalien2000 for accepting my request to join! And for the comment as well. I will drop the fees to 1/3 instead of 1/2.
Now let's fill up faster 💪