Bitcoin Forum

Did someone forget to move the decimal over or?

http://www.miningrigrentals.com/register?ref=5779

get into the rental game now.  I have had my miners making 10x for over 24 hours.  I don't know why or how but the sites are paying.

Anyone know where all the miners are being rented for? Or what they are mining?

they are mining paycoin.

I'm selling my hash on Westhash/Nicehash right now too. They're currently paying out 670% over regular BTC earnings, lol. Coin-swap.net has XPY (Paycoin) trading at over $10 (0.030 BTC). I mined them for awhile but thought it was just wiser to sell my hash rather than mine a soon-to-be worthless scam coin.  :)

Is this a bubble? this coin ???

 Pin #
Confirm Pin

Any idea on this pin number?

It's just people speculating on another scam coin. Presumedly, it has a very short POW stage of 500,000 coins. But people don't realize that many millions were pre-mined.

got it! Check your pm pls ;D

yeah I have a little of it.  but getting .7 or .8 btc a day for sure vs .1  btc  is what I am doing.

I rather do 5 days of .8btc = 4 btc as a certainty then hope that 750 coins will really be 10,000 usd.

If the coins pan out I will have a few of them 10 or so plus some gaw cloud gear worth a total of 300-400.

So my method  gives me a certain 1500 usd maybe 2000 usd vs a maybe 10,000 usd.

I have no regrets mining this way.

I wasn't suggesting that your were one of the crazy speculators, lol. I just mean the people who are paying so much to rent rigs to mine Paycoin. I'm doing pretty much the same as you... renting out some of my gear on Westhash and mining some XPY as well. I'll exchange some of the XPY to BTC right away and hold some (very little) for a while just in case it explodes.

BTW: You can also get those profits by just renting your hash power through NiceHash / WestHash: https://www.nicehash.com/index.jsp?p=gstarted#seller, it's as easy as using a mulitpool.

Looks like the prices are dropping on the rentals now slowly.  how does paycoin actually compare to BTC?

I have read some about them but I would be interested in a real person saying how they compare...

Thanks

Fahlcor

Can I get a PIN also pls...

Thanks

If you look at their site it shows this.  They show being able to use the coin in a debit card like way linked to account.   You could spend anywhere almost.

If it all happens no one knows.  But lots of speculation, especially on price.

Well I have made nearly 10 days worth of btc in 1 day renting my gear out I might as well try mining it for a day...

Why aren't more retailers using bitpay to take btc?  seems like the perfect fit for retailers to get on a new currency without any effort.

Fahlcor

I've had to jump on this bandwagon....

Pimping out my 16th like a cheap whore....

Why not....

Just hope it's going to be more profitable than mining the coin!

Anyone know how many paycoins you expect to mine per th/s?

according to coinwarz its much better to mine than rent!! 3btc in 24hrs its saying?!! can only hope...

with what? usb miner? 20 sp35?

It all depends what happens with the coin after the weekend.

right now the coins are not worth much.  I'm guessing everyone is just pre-mining them and hoping for the $20 payout to start.

I guess if that is the worst case it is still a good option.  Worst case you rent and take the 5x profit and know you are safe and have coins you can use.  Best case they hit $10k and you get non. ;-)

I'm really hoping that they don't hurt the price of BTC.

Fahlcor

I've mined 17 in about 6-7 hours with 16th.

I rented 16th out for about 4/5 hours and got 0.24.

Those 17 are worth about 0.4 btc at the mo.

As long as the price doesn't do what Bitcoin is doing, mining them might be a good idea!

Coinwarz was going mad, 16th now is saying 1.2 btc daily.

PayCoin mining is a bit of a gamble since PayCoin network hashrate and block findings fluctuates a lot (it is a game for those who want to risk a bit) ... your safest bet would be to use our multipool and get a stable income with pure PPS system.

https://www.nicehash.com/index.jsp?p=stats (SHA256 tab)

https://www.nicehash.com/index.jsp?p=gstarted#seller

NiceHash.com

I was using your nicehash for a few hours, thought I'd get a few paycoins for myself just as a precaution.

Very efficient payout on nicehash I just say.

every 6 hours or so.  they payout.  I like this a lot.

That fast? :o

that is the fastest.  remember you are renting your rig to them.

I am pointing 8th at them and I am getting .16 to .20 every 6 hours.

If you have less then me you may get skipped and paid every 12 hours.  Of course these numbers are crazy high due to the paycoin 'rush'  once the price goes back to normal  the payout may slow down.

The worst is every 24 hours.

i should have minimal 8.5th
and i dont like the way betarigs pays at 24 or more hours :)

my payouts since the rush started I had from 4 to 8th at all times

Payments*
Date UTC   -------------------------TXID   ---------------------------------------------------------------------Amount BTC-------Fees BTC
2014-12-17 11:06:32   024d9a26d8a317402a3520b72b9789216ffcd2db1fc61803a83557f0af97dafe   0.14793396   0.00301906
2014-12-17 05:06:05   dea2a342f40009c8eb005f6bde89f8a0cf25ca63fb7e890466c3b0c2e60bff9c   0.19274783   0.00393363
2014-12-16 23:06:03   f50068f8c6742a8cbd49fd57e984d441f13a1fd2b128ee4a48aca77d85f1b22f   0.18602070   0.00379634
2014-12-16 17:05:34   f355904b0eff5c660929c782d615773890d36f8287aa4dd43e9b7a14e2c83ca7   0.13975516   0.00285215
2014-12-16 11:02:01   4259cd17117c0ac1731ab916888ad76ac47821ba67f06b4b048aef97bc575556   0.15556481   0.00317479
2014-12-16 05:01:41   0f9b2db2f5c7071d3b29764b1095efe7ae166125b528b82c752a433aaff3af8b   0.12590428   0.00256948
2014-12-15 23:01:33   20bdb5805dad5b31aeb68cffa1b6fc9e9b3eba50f53953eb5d1b7611cc678889   0.12442799   0.00253935
2014-12-15 17:01:17   065d64dfb9240465a2efbc58b38ae21a8d322a003337249ba14721824fa77c02   0.09722139   0.00198411
2014-12-15 11:01:15   235ad7b5400bada2f2f189002a5cebbb66d699a3abb8d8ad15e2402c1de341a8   0.18954903   0.00386835
2014-12-15 05:00:59   7b083ddbf177480705b17b09bf45e9a817ef53c3e2c1298c506acf2aa46feee5   0.20880650   0.00426136
2014-12-14 23:00:36   2b66de7564f453da7a0db699a63e6ae3a6864b75c51ec10d33734cbe717c3ca7   0.19826604   0.00404625
2014-12-14 17:00:36   b78e605c716c626237dfb762b1c43fdd581a23fb726b6c349538e8ff82160803   0.17147461   0.00349948
2014-12-14 11:00:29   4b004666ae6b01cb243d03f68f24bb3655eac30978f8fd8d1a429acc5c737058   0.10468139   0.00213635

profitability is going down
on nicehash only 355% left from 1000% some days ago

It has dropped but may still heat up again.

Looks like the gold rush is winding down. Westhash is at 269% of BTC earnings. Still a nice increase but nowhere near the 500-800% just yesterday.

I check on it every few hours been hanging at the 250%- 300% level for more then the last 7 hours.

Is hot enough for me! ;D

4th getting .28btc for 24h, mining directly btc will result in only .05btc

at least 5 times! nice

To me it looks more and more like a questionable affair.

First of all, if you did not get paid yet and you switched the pool from "nice' to "west" for example, everything that you had on "nice" disappears into the thin air.
It happened to me. I had 0.04 BTC in am after pointing SP20 overnight, changed pools to "west" and now just 0.007BTC. Where had it gone?
Yes, i understand that people who have enough power (5-10Th) will probably get paid once in 6-24hr.
I have been on this for ~16-17hr already (the only thing I did was switching nice to west back to nice) and according to their statistics, I earned a paltry 0.0077+0.0016 BTC=0.0093 BTC or 0.01395 24hr rate, which is ALMOST the same as regular rate. Case closed. I will wait until 24 hr has passed, then disconnect if no more payout will be forthcoming.

If you don't pay those who were impatient and switched pools before the payout, you should be able to afford to pay a few people with large hashing power-this is the catch, in my opinion.

EDIT: I was wrong and instead or deleting the post decided to cross it over as mistaken.
Got payment at amounts expected. Apparently the fault is with data presentation, NOT payout.
BTC disappeared from the work completed page, but WERE paid within 24hr.
sorry for confusion and premature conclusions.

If you were to lock your sellers into the orders I would hash there more often Nicehash...  The fact that If I did go and rent on another site and then have the order vanish has happened to me.  Make the orders have to stay or go up in price.  But being able to outright cancel them is not nice.

Rentals are cooling off it seems and the Nicehash/westhash are back down to 3x levels.  Now lets see what happens this weekend.

Fahlcor

Good I am glad you were paid and it worked out.