Bitcoin Forum

http://i59.tinypic.com/o5qjad.png
Mintsy (http://Mintsy.co) 150% more SHA hashing for the same price!!!! Retroactive, with a contract time extension!

•   BRING YOUR RIG Bring your own mining rig for hundreds of different crypto currencies with the option of leasing them to other miners
•   LEASE OUR RIGS Buy mining power in form of hashfracs, litefracs and xfracs from Mintsy and hold them for periods of time
•   WEB CLIENT MINING INTERFACE Easy web based administration of your account. Set your rig once and change mining settings from our website
•   CRYPTSY INTEGRATION Option to have your mined coins post directly into your Cryptsy account for free or to another address of your choosing. So nearly instant access.
•   TRADE Trade your hashfracs, litefracs and xfracs with other miners
•   MAINTENCE FEES INCLUDED
•   MULTIPLE ALGORITHMS Hash Sha-256, Scrypt, X11-15 and more...

Find out more at:
Website: http://mintsy.co/
Facebook: https://www.facebook.com/digitalXmintsy
Twitter: https://twitter.com/digitalXmintsy
Reddit: http://www.reddit.com/r/mintsy

Media:
Coin Desk article: http://www.coindesk.com/digitalbtc-cryptsy-mining-platform
Finance News Network article: http://www.finnewsnetwork.com.au/archives/finance_news_network77891.html
Cryptsy Blog post: http://blog.cryptsy.com/post/97734773302/announcing-digitalx-mintsy

Other Relevant Links:
https://cryptsy.com
http://www.digitalbtc.com/

Feel free to ask any question I will answer what I can. Ill even entertain the hypothetical.

Any FUD or nonsense Ill simply delete so keep it relevant to the topics thanks!

reserved

Does it cost anything to pre-register?

Nope entirely free

Hi John is there an ETA on the site being up and running?

So I, We everyone hates deadlines because if we say it well we wont meet it. Ill just say its right around the corner and well be posting more as we get closer.

updated the original post with more mintsy.co info.

You still have 30 days to register for digitalXmintsy (http://mintsy.co) Once you have preregistered you can refer friends for additional entries.

You can get all the latest Mintsy updates on our twitter page @digitalXmintsy (https://twitter.com/digitalXmintsy)

What will you be able to do on Mintsy?

• Mintsy (http://mintsy.co) is going to revolutionize the way we all think about mining, cloud mining, rig leasing, pools etc.
• Will feature mining pools for both BTC Bitcoin and tons of Altcoins and will be including a multi-pool function.
• Power and hosting costs will be built into the price of hashfracs, litefracs and xfracs. No more to think about!
• Will allow you to buy mining hashfracs, litefracs and xfracs from Mintsy and hold them for a period time
• You will be able to trade your hashfracs, litefracs and xfracs w/ other miners.
• You can mine 100's of cryptos with your rig or lease them to other miners!
• You will have an option to mine coins directly into your Cryptsy account free or any other address you choose?
• Mintsy (http://mintsy.co) will have support and options for Sha256, Scrypt, X11-15 & other algos!
• Mintsy (http://mintsy.co) will have an advanced easy to use web interface Where you set your rig once and change mining settings from our website. No more re-configuring your miner software
• digitalXmintsy (http://mintsy.co) is a joint venture between DigitalBTC (http://www.digitalbtc.com/) and Cryptsy (http://cryptsy.com)

So don't delay pre-register today!

any news ?

The site is now alpha beta invite codes will be sent out soon.

If you get a chance please send an invitation code to sensesoffear@aim.com  I did everything on your facebook page and all I got was a login for the support page. I have an s3 antminer at 445 to 800ghs

Thanks,
Dan

I also send a mail for the invitation code, but is that beta only for equipment owners or it is possible to rent?

Anyone mining with Mintsy?  I've tried it with one A2 terminator (88Mhs) and split the hash among three pools -- but I'm getting only 27% share acceptance.

I did upgrade the PI image so that it supports extranonce and added the appropriate tag to the URL.

Hmm - now as I'm writing this it has gone up to 40% share acceptance.

Anyone with information?

I'm mining POT, NET and then another Scrypt coin on a 3rd party pool.

Sorry to hear you were having issues as the Beta Progresses you should see much improved hashrates and reporting currently the reporting is a tad off.

http://i62.tinypic.com/217s5d.png

If you preregistered keep an eye on your inbox!

Hi - so I love the concept of being able to split up your hash into different pools, but I'm trying to figure out how this is being done.

Is it more of a "round-robin" setup? -- as I'm not aware of any way to take 100Mh/s of Scrypt hash and just divide it up equally.

Would love to hear more about this unique feature!

Hi,

How long withdrawal takes ??
I did it yesterday and it is still pending.

The hash is virtually split between coins. The how is proprietary.

The product is still in Beta so there are bound to be some hiccups. Put in a ticket and they should get your problem resolved.

Withdrawal problem is now fixed. I have to say that support is fast and very good in Mintsy  :)

Glad to hear it the staff is eager to handle issues swiftly. Problem with Beta's is occasionally they don't yet have a tool to accomplish that so patience in these early stages is appreciated.

do you have a beta user thread going for bug reports?  I have found a few glitches and some work arounds.  For instance, splitting hash rate between minsty pools on SHA seems to work fine for my rigs, but adding an external pool seems to throw it into 100% rejects.  Same external pool will work fine if you point 100% to it.  Also many times when do that, it will hang and not work getting all rejects.  I have found that restart cgminer on the rig fixes it, and the problem looks like 10.1K diff and all discarded on the rig side.  After restart the diff will go to more normal size like 1.1k on my S5's and hashing will resume..  I also catch it on rentals who rent my rig.  They try either a non working pool or to split it in a way that puts it in this state.  If i do not catch it they can be stuck for hours with zero hashing, restarting cgminer for them fixes. 

Solo mining pools also have very hard time if put into a split hash rate, but seem to work ok at 100%.  Terraminer rigs seem to work only on mintsy pools, and will not hash on external pool if split or not. 

And also I would really like to know if and when rental payments will be released, or what exactly is happening with that?

You should probably think of a better way to describe this before anyone figures out it's misrepresenting what's happening. You can delete this post once you read it (or ask me to and I will, I'm not talking shit), but that's my suggestion. Good luck

Yes - this I agree with as well.  You need to explain it differently -- because this is a mis-representation.  I will delete this post as well - once you have changed your description.

Thanks!

Changed the description of how the hashrate is split. End results are the same.

Hey roger! I'm the dev for the backend of Mintsy here, loved your input on the diff and issues you're having. We're away of the dropoffs and have been getting them a lot on our side of things with the contracts. Have been trying to figure out why its been happening and its been hard because I dont have access to the contract rigs. Going to get Paul to make the vardiff changes on the pool and would love to hear continued feedback from you since you provide awesome detail on these things.

Rental payments will go going out real quick here, the guy writing that stuff is writing up an escrow feature and testing it right now. Users only pay for what they actually get.

Virtually split?  So - is this a form of cloud mining?  A person's machine's hash is sent to your pool and you use that to mine whatever you want.  Meanwhile you "cloud" mine the other coins that the person has selected.  But in the end -- the user's machines are not actually mining these coins themselves?

Their machine does directly mine what they want it too. We split up the hashrate based on simple math. MHS is defined as megahashes per second. We split these hashes up in a different manner, as BitJohn had stated before, this is proprietary. Their machine does directly mine whatever they choose, and our cloud mining solution (our contracts) does the same. It mines directly what you choose it too using the same proprietary knowledge.

Thanks for the reply Matt.  I think this issue has something to do with the way stratum works.  I might be way off here, but I might see this problem happen in a different way and always has on every pool.  If a pool lets you set a min diff on the pool side and you try something very large like 4k on a slow rig and then decide you want to lower it, or even just let it auto determine the diff, so you change it back, on the pool side, it will always stay stuck on the higher diff even 24hrs later if I check the rig and look at what its getting.  It is like it can not go backwards for some reason, and you have to reconnect to the pool to fix it.  Restart cgminer fixes or even just pulling internet for a few seconds.

You might want to try just dropping the connection and reconnecting, as starting over seems to fix it, if it is indeed a problem with diff being stuck way to high.

Perfect

messed around with some LKTEC 1TH dragon miners, could not get them to connect to mintsy.  Finally noticed you must add the stratum+tcp:// in front of the URL in pool field.  On ant S5 you do not, as it adds that to front of every url by default.

I augment my physical miners by investing in cloud mining and am considering purchasing mining contracts from Mintsy - I have always found Cryptsy to be trustworthy, so that trust automatically applies to Mintsy (hard to find good cloud mining these days without them turning into scams)

My question when I look at your available SHA-256 contracts is why I should purchase... Reason I ask is because if I calculate based on the duration of the contracts available, I will never ROI or even earn 50% of my investment before the contracts expire.  Do you offer, or will you eventually offer lifetime contracts? Or will i be purchasing hoping/expecting that the BTC price will eventually recover and/or appreciate so that the coins I do mine are worth enough to at least cover the value of the contract price?

The selling point that sets Mintsy apart from other cloud mining is the ability to direct the hashing power to external pools.

so i decided to try it out and bought a scrypt contract, this is the result. note : this hashrate is not from my own miner, but from their contract rigs.

needless to say im a bit apprehensive about buying any more.

http://iforce.co.nz/i/au0lsurr.c5v.jpg (http://www.iforce.co.nz/View.aspx?i=au0lsurr.c5v.jpg)

I bought one too ;) as its in invite only Beta expect a few glitches here and there.

Don't rent out your riggs on Mintsy.
They do not pay you!
Atleast that's what happening to me!

I'm still waiting for payments for the riggs i rented out.
dating back all the way to 2015-03-09
All i'm getting from support is we are working on it...

Yeah right..

I also have pending rental payout from 12 days ago and still nothing. I submitted a ticket and they told me they will be doing manual payouts.
I have total 0.2BTC in pending status. This looks like a scam to me!!!


This is their reply from 10 day ago:

Hi Tk*****,

I do apologize for the delay, currently rig rental payouts are done manually and should start processing today. Also these should be switching to automatic payments shortly as well. Thank you for your patience.

Ticket: https://mintsy.freshdesk.com/helpdesk/tickets/822

Sincerely,
Mark
Mintsy Support

Today I have been payed  ;D, it took 14 days but everything is ok now

Did you get paid as well? If not PM me. I know I have said it a few times, but the site is still very early invite only Beta. So what does that mean?
1. Your doing us an all future users a huge favor in helping us finalize the production version!
2. Things definitely will not always work quite as expected, but your feedback is what will make it great.
3. Your going to get paid...The hard part is making sure it all works not only quickly but securely.

Again thanks to all of you who are Beta testing with us!

I did the "today" math on the 100MH's of Scrypt contract for 6 months $949

So Fastcoin on http://www.coinwarz.com was going for an estimated $9.52 a day return
30 days (1 Month) = $285.6
6 Months = $1713.6

So if you were able to maintain the profitability by switching coins (which Mintsy contracts let you mine external pools so you could.) You would get a 75% return at the current rate over 6 months.

Realizing you will likely do a bit worse, or possibly better. It seems to be a decent investment with very little maintenance, and upkeep on your part (no heat, power bill, broken equipment etc.)

The SHA contracts are competitive with the competition. At this time SHA is an expensive power hog, and currently would be difficult to make ROI at "today" prices and diff. Savy miners will make a return utilizing the hash power to mine SHA alts and taking advantage of opportunities that arise.

Why my mining contract do not mine?

Days of the contract continues to decrease and not of mining. When my mining contract start mining?

Ticket: https://mintsy.freshdesk.com/helpdesk/tickets/1337

Sincerely,
Sergey

What is the minimal bitcoin price where you power off your cloudmining?

Mine last payout from mintsy:

BTC   Payout   0.00118576   2015-03-30 @ 02:30:05   ???  ???

That does not surprise me.  If you look at the pool it says it averages 2.2 BTC a day. and with 25 per block it takes about 11 days to hit a block.  The is PPLNB so it looks at your actually shares submitted over the past 5 blocks.  It does not pay you until it hits a block and it matures. 

Anyone else having issues with delayed start on miner rentals?

This is the second time my rig has been rented and both times there was a 5 minute low hash start. On a 24 hour one I dont worry as much but a 3 hour rental it is hard to make that up.

http://s1.postimg.org/x00rp2xkf/delaystart2.jpg (http://postimage.org/)

Resolved...
 Change a pool- and all works.

Do you plan a referral program? If yes, how much is the percentage of referral fees?
Willing to participate in testing and attracting referrals to the project.
Where to get a referral link?

I've got a question around the approximate expected contracts' return on investment. I'm getting a little confused with how hashing power units are used interchangeably within some of these contracts (MH/s, kH/s, GH/s etc...)

For instance, if we all agree 1 MH/s = 1,000 kH/s, then a 28,000 MH/s Scrypt contract would equate to 28,000,000 kH/s. Now, using a number of different litecoin mining calculators, 28,000,000 kH/s would generate approximately 672LTC per day which as much as I'd like to think it's true, it sounds way too over inflated for the small 0.026BTC required investment for such contract.

Am I missing something out here within my calculations? Apologies in advance if the answer is very straight forward.

Thanks

Well 28,000 MH/s would generate something like that but that is a ton of hashing power.

Hello BitJohn!

My sha contract with digital mintsy is useless as will not recover much b4 expiry. Can u give me some options
of external pooly which r more profitable and how to change it on the platform.

Thank U

Setup is pretty easy just choose the external pool option. I would try something like Multipool.us which will jump onto a few SHA alt coins. Though your correct most SHA contracts are hard to make ROI at current prices. Though if your smart and the price rebounds the investment might work out.

I've got a question regarding pointing my own gear here.  I have 6 S3s that are updated with the latest firmware and xnsub patched cgminer binaries.  My primary pool is MRR, secondary is mintsy.co.  On MRR, I have configured my miners to point to mintsy.co when they are not rented.

They absolutely refuse to connect and hash here when they are not rented on MRR.  However, if I just set them to mine here directly (by changing up the pool config in the S3 configuration), they work fine.

Has anyone else experienced this problem?

S3 -> MRR -> mintsy = fail
S3 -> mintsy = success

Do I need to I cannot put the #xnsub in the URL in my MRR pool config like this:

https://i.imgur.com/g8nc42k.png

I've got it directly in the S3 config...

https://i.imgur.com/Uzg5SLb.png

Maybe that's what I'm missing?  Unfortunately I can't test yet because my gear is currently rented on MRR...

By the way, the 3 month SHA256 contract I purchased is doing just fine... makes me keep my eyes on the alt coins... maybe I'll spread some of it to the other coins and see if I can get some good trade prices on cryptsy...

EDIT: MRR does not allow you to put the #xnsub in the pool config... it throws an error when you try to save the pool configuration

Is MRR subscribing to extranonce? If not it will not work properly.

Sha-256 Contracts have been increased.  No Price changes.

If you had a 100 Gh/s contract before, it is now 250 Gh/s. If you had a 1 Th/s contract, it is now 2.5 Th/s.

We are also giving you credit for the time used on your old contract. 60% of the time you have already used in your existing contract will be appended to the expiration date of your contract.

This means if you have had your contract for 30 days already, then 18 more days will be added to the end of your contract to extend it's expiration date.

Interesting question.  I assume they are since they advertise it and show it when your gear subscribes... see the screenshot of my rig on MRR:

https://i.imgur.com/YhVliyQ.png

My miners are all connected to MRR with the #xnsub parameter (as shown in my previous post's screenshot).  Here they are happily hashing away on my p2pool node:

https://i.imgur.com/fObWLJa.png

I'll switch them to Mintsy... and I'll edit this post in about 30 minutes to show you what happens.

Here's what my stats look like on MRR now that I switched to Mintsy:

https://i.imgur.com/yNOxmEF.png

I think the most telling factor here is - and I don't have it in the screenshot - that the number of workers reported keeps changing.  I have 6 S3s pointed here.  Yet the number of workers changes from 6 to 3 to 2 to 5 to 1 to 3 etc.  I also notice that the miners are falling back to my backup pool (which happens to be my p2pool node).  So now when I look at stats, I see all kinds of weirdness.  My p2pool node goes from having about 1.5TH/s down to having 600GH/s depending I guess on whether or not the workers are showing up in MRR... the mintsy.co status page shows somewhere around 545GH/s total.  MRR shows anywhere between 0 and 100GH/s... weird, right?

When I switch my miners back to point at my p2pool node, MRR is all happy again... I get the 2.75TH/s.

Thank you very much   ;D

I am guessing that made a bunch of folks day!

Yeah, it was a very nice surprise!  Thanks for the boost :)

Our pleasure. I have updated the top of this thread with more screenshots and tidied up some areas.

Got any coupon codes for bitcointalk members :D?

Well since you asked I'll throw up this coupon code it will work for the next few days MINEMINTSY

Good for 10% off a mining contract.

Yay you rock! Just bought a bunch :D I'll report on how it does.

I am very disappointed I rented 4 rigs, only 1 worked. I had 0khs for the 3 others. I changed pool and try everything even recreated a worker to see if it's not coming from this but nothing to do I can't rent anything from now....

Tickets are slow to respond (last ticket took 4 day to have a reponse that was : every rent is manually checked and refund if not correct....) that's not really what I call a working service. If even rig rental does not work I really don't want to pay 59$ for a contract....

Last bitcoinblock ..... 13.05 ??!!

Let me look into this for you. Contracts are services provided by us rentals are obviously others renting you their equipment so there is a difference in service level. Let me find out exactly what happened in your case. PM me your ticket #

Okay...now three blocks found  :)

Does anyone else have withdrawals problems.
I made bitcoin withdrawal on Sunday and status says confirmed / cleared.
I HAVEN'T RECEIVED ANYTHING  IN MINE BITCOIN ADDRESS !! ??