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Feel free to ask anything guys and we will try our best to answer
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Oh it will be interesting alright, trust me.
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Rig ran great. Would use again!
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The only thing I will say.. X11 is nice, damn nice..
But if you wanted more miners & buzz you should have picked scrypt.
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Fuckin' Bitcoin confirmations. How do they work?  Seriously, I think Bitcoin's biggest flaw is the ridiculous block time. Waiting for confirmations... Then we'll have some fun. Stayed tuned to this thread for updates... Bitcoin is a total joke regarding confirmations and due to that will never have a real future. Its too bloody slow. Yeah i know even paying the procces fee still take a long to time to complete a transaction... I find that putting the fee higher will make it go through faster. (But joke that is so slow) |
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Fuckin' Bitcoin confirmations. How do they work? Seriously, I think Bitcoin's biggest flaw is the ridiculous block time. Waiting for confirmations... Then we'll have some fun. Stayed tuned to this thread for updates... Bitcoin is a total joke regarding confirmations and due to that will never have a real future. Its too bloody slow. |
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One recommendation I have is for you to announce planned maintenance at the top of the web site in nice visible text. It doesn't have to be Giant Sized, just visible. Even knowing an hour in advance would be helpful and keep people from wondering what's going on an how long it will be unavailable.
You mean like this:  Made me lol |
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Well as a provider I pay for the hardware, electricity and spend time keeping the rig/s running.
As a renter you find a coin that is ( or you think will be ) profitable and mine that. You don't have to worry about the items above.
So if I understand correctly you are saying don't use this pool if you think you will loose money (in the sense that I pay X and i receive X-Y) but find a coin/pool that is more profitable than the one you are currently using.
Am I getting it right?
Well, using one of these rigs to mine multipools is really a gamble. Personally I would never lease/rent rigs to do that. Then again sometimes it does make sense. Ghash.io/Cex.io ran a double LTC rewards for 1 week, in that case it WAS worth it. Really you as the renter is the one who has to find these opportunities. We just provide you with the hardware and services. |
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Hi guys,
noob here....
I just wanted to ask what am I missing?
I see the prices that they offer for Lease in LeaseRig is about 0.007 BTC/MH/day while for example wafflepool is around 0.0065, 0.0067 and some good days about 0.008...
I see also that the big rigs have even higher prices more than 0.01 BTC/MH/day.
So the way I see it there is no way to make money out of this.
I did a small test with a slow rig from LeaseRig. I paid 0.0036 and I will get back 0.0015...
Am I missing something?
Well as a provider I pay for the hardware, electricity and spend time keeping the rig/s running. As a renter you find a coin that is ( or you think will be ) profitable and mine that. You don't have to worry about the items above. Personally I have made quite a few BTC on renting rigs when I saw an opportunity arise. |
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What does everyone think about not letting rehires to happen for x amount of minutes?
I'm getting more people renting my rigs for 1 hour and instantly rehiring it for additional hours at a lower rate. I like the discount incentive to rehire, but not when it's used just to lower my rates...
That needs to go in the development queue. Rehires should only be valid for the original rental term? I was thinking of rehires are not enabled until a percentage of time into the hire, or not available until 1 hour into it. BUT, I think I like your idea better, or maybe a combo of both? Maybe instead of the providers being able to allow a rig rehire x amount of hours before it ends, it should be x % amount of time left? That way I could set it for 50% allowing a rehire of a 12 hour lease available after 6 hours. 25% would allow rehire after 3 hours of a 12 hour lease,... As I said : Tick option under each renting plan.. Allow rehire. No need to make it more complicated than that. |
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Welcome to my world :   |
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What does everyone think about not letting rehires to happen for x amount of minutes?
I'm getting more people renting my rigs for 1 hour and instantly rehiring it for additional hours at a lower rate. I like the discount incentive to rehire, but not when it's used just to lower my rates...
That needs to go in the development queue. Rehires should only be valid for the original rental term? Maybe an tick option under each renting plan.. Allow rehire |
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Using anything other than the immediate hash-rate would cause the clients pools to weigh in on the current speed. Every test shows that immediate hash-rate causes the least false positives and the most accurate results. As for +/- 5% it sounds like a lot of providers rate their rigs at -1% to -5% in order to deliver the promised hash-rate even on slow pools. Keep posting, we'll follow the feedback and see where it leads.
Is this your goal - that everyone rates his rig lower than it can actually deliver? Every provider who rates his rig lower than it actually performs abstains from possible profit. Your current rating system puts even more pressure on the providers as it has an effective influence on leases. From my point of view a strict no-go if you stick to your comment that you want to interfere with rentals as less as possible. As I posted earlier - trash the current rating system and implement a feedback system for customers on the leaserig website. May I also add, that the rig is "underperforming" means nothing, since there is variance, and it should be more fair if it was "rig is underperforming right now but was above expected for the last 72 hours". Yeah, we all know that it means more or less nothing but the warning message is really disturbing, especially when most of the rigs have a clean 24-hour history hashing above the declared speed. And - btw - I hate being "blamed" to underperform just because my hashrate is fluctuating withing normal limits. Exactly. As others have said, I have put a slight buffer in since day 1 so it always performs slightly better than rated speed. That does not mean that the hashrate is 100% solid on all pools. And it does not mean that it wont swing below rated speed at times. What it will however always do is perform better averaged out over any lease than the rated speed. So please consider doing avg over the last 5 min. Anything else is quite frankly false reporting and fear mongering. Dont get me wrong, I have seen a fair few rigs perform at a much lower rate than rated speed. These should be named and shamed, but this way does need slight adjustments to make it perfect. |
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A last 5 min avg would fix this under performing issue.
To me it looks like it's literally every single checkpoint that could kick this off.
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MEOW just lost 30000 votes on mintpal
wth |
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Okay WTH.
miaviator why the *** are you going into people's rep threads and posting issues?!
My rig was down at one point due to a router issue. I communicated with the renter as soon as I found out, fixed it and then gave an extra hour on top of downtime.
Then you starting posting screens in my rep thread.??
Had there actually been an issue with me not providing support and fixing the issue..
But this? Unreal. Please explain.
You mean the posts that are made and then deleted when the providers respond? They are normally in response to support tickets. That would be it alright. Just strange since I contacted him when downtime started and extended as soon as rig was up again (He replied). And then that was posted 30 min after rig was up again. |
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Okay WTH.
miaviator why the *** are you going into people's rep threads and posting issues?!
My rig was down at one point due to a router issue. I communicated with the renter as soon as I found out, fixed it and then gave an extra hour on top of downtime.
Then you starting posting screens in my rep thread.??
Had there actually been an issue with me not providing support and fixing the issue..
But this? Unreal. Please explain.
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