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261  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Why does Cryptsy get so much hate? on: April 24, 2015, 01:07:19 PM
Cryptsy is notorious for delay in deposits when a coin is dumped in other exchanges. They halt the deposit citing bullshit reason. They pump and dump dead coins.  They were the first altcoin exchange but for unknown reason they are not interested to upgrade their software. Before mintpal, bittrex they were the monopoly and controlled all the pumps. The only good thing is they do not drop the dead coins easily even when there is no volume.

The number one reason we get bad exposure on deposit times is the way our security algorithm works. You'll find that old timers and verified customers rarely complain where a brand new account with no history will have delays.

Other times such as the big DOGE rise to power the DOGE wallets and our system didn't like the 200 tx's per block all coming to the Cryptsy wallet causing issues we had to rewrite how we handled that.

As far as upgrading we are consistently upgrading and working to roll out an entirely new backend and UI. Unlike some competitors we wont roll this out before its ready and risk losing our customers funds.

Best reason to use Cryptsy were here to stay great security and great people working here. If you tried us before give us a try again. If you dont like the security delays get verified its fast and free gives you FIAT markets etc.
262  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin founder quits cryptocurrency industry on: April 24, 2015, 12:59:59 PM
This man did HUGE damage to crypto, the shitstorm happened only after doge
Definitely an argument to be made there. At the same time Doge gave good exposure to the altcoin space so I have mixed feelings.
263  Bitcoin / Pools / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: April 22, 2015, 02:00:25 AM
Quote
When I purchased my most recent contract, I was attempting to buy two 10Mh/s contracts for 6 months, but I believe they have been combined into one worker. I believe this happened since my 3rd worker has an average of double the hashing rate as the first two workers/contracts I set up. Is this something I should worry about? I have 4 workers listed on my account but the 4th is 'inactive' and my OCD doesn't like that  Wink

Also, should each contract be linked to an individual worker set up on the pool's website? I believe I read something along those lines on the website.
You would have to contact the support guys on this one Ill dig around and see what I can find out, or just buy a second contract myself. I owe you an answer for this.

Quote
As for setting the difficulty on a mining pool, I know it is dependent on your current hash rate, but with mine having a relatively wide range of fluctuation, I don't know what to set it to in order to get the best bang for my buck. I have been setting it to 64 as most pools mention over time that is the best value for all miners.

I use 64 so far so good.

Quote
Lastly, does a scrypt miner handle scrypt-n and jane?

No but there will be options for these in the future

264  Bitcoin / Pools / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: April 18, 2015, 08:00:29 PM
I have been mining the BTC Pool for 36 days now and to be honest, I am disappointed because despite contracts, the network doesn't solve enough blocks to get payouts. An example is this: In the last 2 weeks, there has been one solved block for one payout. Since I began 36 days ago, there has been a total of 13 payouts. While I do know this is beta, it does not seem to me that the contract is worth it. Now, I will tell you that they guarantee a refund on hashrate they missed, but that does little good if the network delivers on hashrate but cannot solve blocks. I am on pace to make $8.80 on a contract that cost $59.00.

You can mine external pools with more hashrate.

Not with a contract.

Yes you can mine external pools with a contract. Just setup the external pool and point your contract work at that pool. I am mining multipool as we speak.
265  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: April 18, 2015, 07:57:38 PM

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.
266  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Cryptsy.com USD markets now open **EFT options***. Come trade with us today! on: April 17, 2015, 01:42:40 AM
EURO and Canadian markets added start trading today!
267  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Cryptsy BTC/CAD, BTC/EUR, USD/CAD, USD/EUR markets! on: April 17, 2015, 01:41:41 AM
Added Euro and Canadian markets! Start trading today!
268  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: April 17, 2015, 01:38:36 AM
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.
269  Bitcoin / Pools / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: April 17, 2015, 01:36:33 AM
I have been mining the BTC Pool for 36 days now and to be honest, I am disappointed because despite contracts, the network doesn't solve enough blocks to get payouts. An example is this: In the last 2 weeks, there has been one solved block for one payout. Since I began 36 days ago, there has been a total of 13 payouts. While I do know this is beta, it does not seem to me that the contract is worth it. Now, I will tell you that they guarantee a refund on hashrate they missed, but that does little good if the network delivers on hashrate but cannot solve blocks. I am on pace to make $8.80 on a contract that cost $59.00.

You can mine external pools with more hashrate.
270  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: YBC coin confiscated by Cryptsy on: March 29, 2015, 09:40:23 PM
There is no language barrier or miscommunication.
That statement is laughable and I didn't "leave" my coins on the exchange.
You have to place your coins on an exchange to trade them.
You should know what you're speaking of before you comment.
Nothing has improved at Cryptsy, they are still a bunch of thieves.
There is no rational explanation for the YBC coin incident, none.

Quite simply yes there was. Though I understand your frustration some coin "updates" cause issues we cannot send you coins from an old wallet or chain in this case.
271  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: March 26, 2015, 12:49:33 AM
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.
272  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: YBC coin confiscated by Cryptsy on: March 25, 2015, 11:09:43 PM
I've got a quite official information (not from cryptsy) that cryptsy swapped old YBC to new YBC on March 5th.
Could someone confirm this (cryptsy?) and maybe let us know why it takes longer than two weeks to get things (YBC wallet) going again (cryptsy?)?



So talking with Mullick there were a few issues that resulted in YBC coin being locked up so long. The developer,s and Cryptsy had numerous issues communicating initially. Which led to us almost missing the swap completely. On their part the YBC coin team found an English speaking representative who helped to clear it up.

We are finalizing how we are going to swap the coin on the backside, since it requires developer intervention, and should have the market reopened in the very near future. Hope that helps you guys.
273  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: http://www.mintsy.co/ on: March 25, 2015, 10:47:21 PM
I've mining with rented rigs at mintsy for a day and it sucks. I wouldn't even call this an alpha site much less a beta test.

Give us some feedback on what you dont like about it? Being an early invite Beta there are definitley going to be issues to sort out, but without feedback hard to identify them all at the same time?

The mining contracts are priced ridicuously high at about 3 times what it will ever earn. Buying a mintsy mining contract should be considered buying a lottery ticket on the future price of BTC.
The issue with BTC mining in general right now is its not cost effective. So when the difficulty is high and the price is low the contracts can appear to be to high. On that note if the price goes up and the difficulty drops... It can be a bargain. Do you have a cheaper place you can buy Scrypt and Sha contracts? I'd like to know? I'd also like to point out is they will be trade-able which in a sense will help on the ROI.
274  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: March 25, 2015, 10:39:33 PM
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..
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!
275  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: March 21, 2015, 07:27:45 PM
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.



I bought one too Wink as its in invite only Beta expect a few glitches here and there.
276  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: March 16, 2015, 05:35:28 PM
Changed the description of how the hashrate is split. End results are the same.
277  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Cryptsy No Fees for USD deposit or withdraw! Numerous Altcoin USD markets! on: March 16, 2015, 05:15:33 PM
I submitted my first withdrawal request today on Crypsty -- I am receiving a check via mail.

Just wondering what is time frame from anyone else's experience on  following:

Time it takes to receive check:
Ease of depositing check in US banK (remember hearing stories about banks not taking checks from companies regarding bitcoin):

Thanks in advance for answers

temki
Withdraws are usually mailed same business day M-F.
278  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: March 15, 2015, 08:01:07 PM
Withdrawal problem is now fixed. I have to say that support is fast and very good in Mintsy  Smiley

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.
279  Bitcoin / Pools / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: March 15, 2015, 08:00:07 PM
There are no FAQ on site. FAQ is very important.
I have a question.
I bought contract 2 days ago, but I have no payouts (I have worker and pools).
While process of buying I read something about 5 days delay but don't remember exact what.
Could you describe payouts rules?

We have a full FAQ being draft and each page has a help popup associated. I have to dig into the contracts a bit it took mine a day to start working... Remember its still really early beta so expect some goofiness. I will get you the payout info soon and post it here.
280  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [Official] Mintsy.co Thread **News, Updates, Information, Questions** on: March 15, 2015, 03:10:06 AM
Hi,

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

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.
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