Mining farm maintenance and payment methods

mettalmag

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Quote from: Za1n on November 06, 2016, 09:44:08 PM

Quote from: mettalmag on November 06, 2016, 10:43:44 AM

Ok here's the case. I was hired to maintain little bitcoin farm, configure, monitor and watch over them. The thing was easy, after the end of month they transfer % BTC to my wallet, everyone is happy.
Then I was offered to maintain ETH farm and things got little bit confused to me, I mean the payment system and calculation process. I have to monitor price every day and write them down and at the payment day add everything and get my % coins to my wallet. I was wondering how can I automate this process ? Is there any way to get my % without these routine stuff ? maybe some pools have the option to send some % on secondary wallet or something like that ?
Any help will do a great job to me.
Thank you

Well if you are OK with taking you pay in ETH, you could simply point that percentage to a pool using your own wallet address. Say you were paid 5% to maintain a 10,000 MHash farm, you would point 500 MHash to your own address. Of course you would need to explain this to the owners and get their approval, but I would think it would make no difference to them as they need to pay you one way or another.

for sure that would be much easier to me, but they won't allow it for reasons. I'm also OK with taking any coin as payment, but as I mentioned the daily stats in excel document will be better, I only need to figure out the daily amount of mined coins.

mettalmag

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Quote from: induktor on November 06, 2016, 09:34:50 PM

Hey mettalmag

If it is too much trouble for you, why not requesting payment in bitcoins?, i was always paid in bitcoin no matter what coins they mined.

now i have my own farm, but if someone asks me to maintain his farm, i will charge in bitcoin price, i have no problem if someone pays me in litecoins (in the litecoin era they pay me in litecoins) or ethereum, but the exchange rate you take (ie your price) is in BTC.

BTC today is stable enough to use it as a reference (instead of fiat), they wobble a little yes, but nothing significant to affect your income IMHO.

BTW: unless I control the hot-wallet, i will request weekly payment, or at least every other week. In all of the cases i maintained farms, i always controlled the hot-wallet, so they pay me once a month, of course there has to be some level of trust for that Wink

.

but that's just me Grin

i am waay to paranoid Grin

cheers
indkt.

for the bitcoin farm I'm doing the same. Farm itself has three investors, so there are three pool accounts and three soft wallets accounts, in this case I have access to all of them, I have no trust issues with BTC team.

The case is with second farm, there also are three investors, but I have no access to anything they use, except the dwarfpool statistics and of course systems itself. Most annoying part is that we have to switch from coin to coin too often and it makes me confused.
So the solution I came up with was very simple, but it little bit confuses me, what if I'll make an excel spreadsheet and write down every day stats, like hashrate, average coin price (whatever we will mine ETH, Zcash etc.) and my %. But still I can't figure out how.

Za1n

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Merit: 1011

Quote from: mettalmag on November 06, 2016, 10:43:44 AM

Ok here's the case. I was hired to maintain little bitcoin farm, configure, monitor and watch over them. The thing was easy, after the end of month they transfer % BTC to my wallet, everyone is happy.
Then I was offered to maintain ETH farm and things got little bit confused to me, I mean the payment system and calculation process. I have to monitor price every day and write them down and at the payment day add everything and get my % coins to my wallet. I was wondering how can I automate this process ? Is there any way to get my % without these routine stuff ? maybe some pools have the option to send some % on secondary wallet or something like that ?
Any help will do a great job to me.
Thank you

Well if you are OK with taking you pay in ETH, you could simply point that percentage to a pool using your own wallet address. Say you were paid 5% to maintain a 10,000 MHash farm, you would point 500 MHash to your own address. Of course you would need to explain this to the owners and get their approval, but I would think it would make no difference to them as they need to pay you one way or another.

induktor

hero member

Activity: 710

Merit: 502

Hey mettalmag

If it is too much trouble for you, why not requesting payment in bitcoins?, i was always paid in bitcoin no matter what coins they mined.

now i have my own farm, but if someone asks me to maintain his farm, i will charge in bitcoin price, i have no problem if someone pays me in litecoins (in the litecoin era they pay me in litecoins) or ethereum, but the exchange rate you take (ie your price) is in BTC.

BTC today is stable enough to use it as a reference (instead of fiat), they wobble a little yes, but nothing significant to affect your income IMHO.

BTW: unless I control the hot-wallet, i will request weekly payment, or at least every other week. In all of the cases i maintained farms, i always controlled the hot-wallet, so they pay me once a month, of course there has to be some level of trust for that Wink

.

but that's just me Grin

i am waay to paranoid Grin

cheers
indkt.

mettalmag

legendary

Activity: 1084

Merit: 1003

≡v≡

Ok here's the case. I was hired to maintain little bitcoin farm, configure, monitor and watch over them. The thing was easy, after the end of month they transfer % BTC to my wallet, everyone is happy.
Then I was offered to maintain ETH farm and things got little bit confused to me, I mean the payment system and calculation process. I have to monitor price every day and write them down and at the payment day add everything and get my % coins to my wallet. I was wondering how can I automate this process ? Is there any way to get my % without these routine stuff ? maybe some pools have the option to send some % on secondary wallet or something like that ?
Any help will do a great job to me.
Thank you

Topic: Mining farm maintenance and payment methods (Read 473 times)