Topic: [Official] Cryptsy News **Ripple added 132 Ripple Markets now active** - page 10. (Read 26698 times)

Pesetacoin has been asked at least 3 times, plus there is a big post in your forum about adding it, and never a reply was given.

Cryptsy Chat Box has returned enjoy!

We will add any coin requested but its a manual process at the moment. We will streamline it so they get on the list faster.

Simple question:

what makes Cryptsy to decide not to put a new coin in the voting system?

Mining Contract 1 Description

Bitcoin Mining Contract #1
This is our first issuance of mining contracts for Bitcoin with a total hashing power of 10Th/s.

What is a mining contract?
For this offering, we have 10 Th/s of hashing power dedicated to mining bitcoin which is part of a much larger network of hashing power. This means more consistent payouts of blocks mined. Every day, users who own shares of this will receive 1/10000 of the payout for each share owned. Users can buy any number of shares available (each share represents 1 Gh/s of hashing power). These are lifetime shares, which mean they never expire.

How much do I get paid and when?
The 10Th/s total hashing power is part of a network of over 1 Ph/s. On a daily basis we calculate and distribute to users who have shares of this contract 1/10000 of the total contract payout to each of the shares. If you own 100 shares, then you will receive 1/100 of the total contract payout.

Can I sell my shares?
Yes, once the initial allocation of 10,000 shares are sold we will open the market to allow anybody to buy and sell their shares.

Who is providing the mining?
Currently the provider has asked us not to disclose this information. You can be assured that we would not do business with anybody who is less than reputable.

What is a lifetime contract?
This means that it isn't a term agreeement like 1 year. You could continue to hold these for multiple years. There will, however, come a time where Bitcoin difficulty has risen to a level where 10 Th/s is no longer producing very many dividends. We anticipate a full rate of return within 12 months or less with shares still having value at that point.

Mining Contract 1 Specifications

10 Th/s Total Mining Power
Lifetime Contract - Payouts on this contract never end
Available in increments of 1 Gh/s
Total Shares Available: 10,000
Initial Price: 0.0185 BTC Each
No Trade Fees Until Initial 10,000 Shares have been disbursed
Daily Mining Payouts Directly To Your Cryptsy Balance

Certainly you're aware of this but check this out at coinwarz:

http://www.coinwarz.com/cryptocurrency/?sha256hr=10000&sha256p=100.00&sha256pc=0.1000&scrypthr=1000.00&scryptp=500.00&scryptpc=0.1000&scryptnhr=450.00&scryptnp=500.00&scryptnpc=0.1000&sha256c=true&scryptc=false&e=Coinbase

Your not interested in the USD equivalent but the profitability is the same.  It has been a very long hope/dream of mine that an exchange would open a mining pool.  What you are doing is one better.  You already have all of the wallets installed and maintained.  Just point your hash farm to the most profitable coin and you can instantly sell those coins on your very own sell book!

Buy out coinwarz and integrate their system into cryptsy and you would be unstoppable.

Currently its all SHA mining so its all BTC. I wish it was a GH of scrypt!

Well, this is all good.  For me, this is type of mining.  Easy to buy, easy to sell.  Any chance that you will coin-hop and sell for BTC?

I compared some numbers its about in the middle if you were going to go out and buy your own ASIC. Figure 70 dollars ish for 10 GH's for a mining contract on Cryptsy. BFL is selling Jalapenos at 10Gh's for $349 dollars (which consumes electricity and time). A block erupter goes for about $30 for a Gigahash. Where if you had the 10 grand to drop on a mega rig you would save some. Cool part is with these when your done you can always sell the shares to another with little hassle.

If you guys get goxed, or if this isn't real, rest assured I'm also taking that above quote straight to the authorities and, most certainly out of context!

Kidding, but I think this is a neat way to expand your business.  Does anyone know if this is a reasonable rate?  I mean, is this cheaper than buying my own rig and running it for 3-6 months?

I hope this farm is somewhere with very cheap electricity!

... So rest assured the hashes are real.

Sorry for being vague. I have a withdrawal pending for over 24 hours. Cryptsy Support team said that withdrawals have been disabled until server maintenance is completed. ticket number #122719

Withdraws of? Not sure I understand the question.

How much longer until withdrawals are available?

Well, if it smells like a Ponzi and there's no proof it isn't...