I might be interested in throwing my hashpower in depending on the deal. By the end of next week I'll have about 1.3ph.
It looks like there should be enough margin for everyone to be happy.
For instance:
renters pay actual expected (currently about 0.01778BTC/day/ph).
Philipma1957 gets 1% of the rental fee for doing all the work, 99% gets paid out to hash providers.
ck already gets paid 1% of reward if a block is hit.
So hash providers effectively get a PPS with only 1% fee for the rental period.
Renters pay 0 fee, only pay 1% to ck when block is hit.
The rental period would just need to be long enough and total hashrate large enough to make it worth it for Philipma1957. Or could adjust the fees up so it is worth it for Philipma1957.
It is a question of proper fee management.
We have almost finished all 1.251 btc we put in
we got 1.21 and paid 0.040 btc in fees to nicehash
we did not get any guaranteed rates worth while... and almost always paid a 10% premium on the hash. Which means the 1.21 we got credit for in rentals was reduced to
1.21 x .9 =
1.089 out of 1.251 is close to 87.05% bang for our buck on this rental . close to a 13% take out on the rental
so if 3 miners can offer 4ph at a 5% take out it is
better for the players.
4 x 0.01778 = 0.07112 daily with no fee
0.07112 x 1.05 = 0.074676 with 5% fee
0.07112 x 1.13 = 0.0803656 with 13% fee
so a 10 day is
0.711200 0%
0.746760 5%
0.803656 13%
Let me check numbers better.. it could be feasable
to do a 10 day 4ph rental this way still early and needs planning.
almost done 2-3 hours left see below.
http://solo.ckpool.org/users/1MVzxXXtYuvmzGBT2ZiyrxXiEpUJ6Ttr1uEdit it is over and out. never did do more then that 1.6t share.
pulled 1.149T shares in all.
In the case of 87% 1.149t shares
In the case of 95% 1.254t shares
In the case of 100% 1.320t shares
so this is costly due demand jacking up pricing and nicehash fees
