The most flexible all in one mining site available. We support all of your mining needs in one location! Scrypt Contracts are able to be pointed at EXTERNAL pools such as multipool.us or Mintsy's pools! SHA Contracts are able to be pointed at EXTERNAL pools such as multipool.us or Mintsy's pools! Rig Rental support! Lease your mining rigs to others or rent someone elses! Mintsy has a growing assortment of ZERO fee pools!
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What do the mining folks think about this? DigitalBTC Partners With Cryptsy for Mining Platform Launch Stan Higgins | Published on September 17, 2014 at 01:14 BST
DigitalBTC and Cryptsy are building a new platform called digitalX Mintsy that will offer both tradable mining contracts and mining infrastructure, enabling users to mine with their own equipment as well as the hashing power they purchase.
As part of the deal, Cryptsy will invest $250,000 in the Australia-based bitcoin mining services provider. The project will open for registration tomorrow.
Mintsy will offer mining products and services on a range of digital currency hashing algorithms, including SHA-256 and crypt. Further, it will release its first products during the fourth quarter of this year.
Cryptsy CEO Paul Vernon told CoinDesk that the goal of the new platform is to offer the trading community a broad range of investment services. At the same time, Mintsy is aimed to provide more affordable access to hashing power, factoring the cost of electricity and labor expenses into the listing price.
Vernon explained:
“The price you pay is the price you pay – there’s no extra cost as you go. You don’t have to pay for extra power – you’ve already paid for the power. It’s not something you have to continuously calculate in your earnings to see how much you make. All of that’s upfront.”
Cryptsy and digitalBTC announced that, in order to help spur enrollment, Mintsy will hold a bitcoin raffle worth $5,000.
Interconnected platforms
Like other applications of this approach to selling mining contracts, Mintsy will make available 1 petahash worth of so-called ‘hashfracs’, each of which represent 100TH/s. There will also be ‘litefracs’ and ‘xfracs’ available, representing litecoin and an as-yet-undecided algorithm, respectively.
Mintsy will also feature mining pools for both bitcoin and a number of other altcoins, including a multi-pool function. This, Vernon explained, was to provide the site’s users with a wider array of mining resources and allow people to mine with their own equipment as well.
Vernon told CoinDesk that the goal is to align the coin offerings on the exchange and mining platforms, saying:
“There’ll be quite a few [coins available]. Basically, everything you see on Cryptsy that is mineable should probably be mineable on Mintsy as well.”
There will also be a degree of interconnectivity between Mintsy and Cryptsy. Similar to the relationship between CEX.io and GHash, users will be able to transfer balances between the two platforms.
Commodification of hash power continues
An increasing number of companies in the exchange and mining industries are offering tradable contracts as the model has emerged as an alternative to traditional cloud mining agreements.
This week, Bitfinex announced the launch of a beta tranche of tradable mining contracts. Cryptsy itself is no stranger to tradable hashes. Earlier this year, the exchange began offering an asset that allowed owners to earn daily dividends.
Despite the rising popularity of commodified hashing power, there are still major players in the space that offer more traditional mining contracts.
KnCMiner recently launched a cloud hashing initiative at its Norway-based data center. At the time, the company asserted that hosted solutions are becoming a more attractive option for miners, a sentiment that has been increasingly echoed by businesses that offer both tradable and traditional mining contracts. Source: http://www.coindesk.com/digitalbtc-cryptsy-mining-platform/I think its going to make for some great opportunities for miners. Make sure you pre-register for the chance to win the $5000 in Bitcoin. Mintsy will have some pretty unique features that we will be announcing as we get closer.
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Exciting times! Make sure you pre-register for the chance to win $5000 in Bitcoin. Mintsy will have some pretty unique features that we will be announcing as we get closer.
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Sorry to here you have been disappointed with Cryptsy in the past. I can assure you that Mintsy is its own entity that will work in conjunction with Cryptsy. The familiar face will be me and Paul who is the CEO beyond that its a different crowd. This has been a partnership long in the making and I think folks are going to be very excited about what we are bringing to the table. Not much I can put out yet but when I can I will. I do hope you reconsider your opinion and hold judgement until the launch. I think you will be pleasantly surprised.
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Not sure poking the bear is a good idea. Just sayin...
If a primary school kid were to say that he's going to eradicate Cryptsy wouldn't you laugh your ass off, dear BitJohn? I'm laughing my ass off at this asshat who think's he could somehow harm Monero, it's fucking ridiculous to me. The network is solid and strong. There is no way he could pull this off so all I can is laugh at the retard. Sorry but I can't help it. Ridiculousin this case id personally give that primary school kid the weapons he needs to fuck Cryptsy the scam garbage exchange that runs on fractional reserves hard LoL anyhoe whats ridiculous is that U think Munero is so 'solid'. U have no idea what the fuck u r saying. me gettin popcorn. ~CfA~ Trust: -8: -2 / +1(1) Warning: Trade with extreme caution mmmmhmmmmm you said it must be true . Im only saying BCX is the bear because well hes done it over and over is all.
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BCX needs to post and either acknowledge or deny the messages. The alternative is to loose all credibility.
The bear comes out when he chooses hehe. I am saying fake but could be wrong.
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Not sure poking the bear is a good idea. Just sayin...
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BOST/BTC market added enjoy!
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Mining but with stagger block rewards starting at 0 and going to the eventual actual block reward then going back down over time is probably the fairest. Good examples would be WDC and DGC if you look at their charts its a nice smooth line over time. Both could be improved upon.
Almost forgot and a good lead time up to the announcement with wallet readily available from multiple locations.
fair from the tiny subgroup of mining within the btt memberships perspective for the rest of the world maybe not so in any case does any initial distribution method change the distribution outcome once a crypto can be exchanged for fiat (even if via btc)? Fair because in doing the work you reap the reward. "Work" is what make wealth so its the most fair everyone has the opportunity if they choose not to take it that is up to them.
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Mining but with stagger block rewards starting at 0 and going to the eventual actual block reward then going back down over time is probably the fairest. Good examples would be WDC and DGC if you look at their charts its a nice smooth line over time. Both could be improved upon.
Almost forgot and a good lead time up to the announcement with wallet readily available from multiple locations.
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This issue should be resolved PM me if it was not.
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Can you please update the name of XC from X11Coin to XCurrency?
It's a top 15 coin by market cap.
Fixed.
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Added two new markets LSD/BTC, BNCR/BTC
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8 New Markets Added: NMB/BTC, ACOIN/BTC, SHADE/BTC, FLEX/BTC, JBS/BTC, SSV/BTC, XBOT/BTC, XCASH/BTC Enjoy!
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So do you think that this will be resolved soon ?
In the Withdraw logs there isn't even a Trxid.
VMware is wonderful,,,
Thx for the reply
For a good number of them it has some coins have MUCH larger blockchains and take time to migrate.
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Posted on our twitter. Basically one of our bigger wallet servers had some hardware issues and we had to migrate a bunch of wallets causing some delays a majority are back online. From our twitter feedWe are performing maintenance on one of our wallet servers, some coins from that server may not post deposits/withdrawals right away
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Posted on our twitter. Basically one of our bigger wallet servers had some hardware issues and we had to migrate a bunch of wallets causing some delays a majority are back online. From our twitter feedWe are performing maintenance on one of our wallet servers, some coins from that server may not post deposits/withdrawals right away
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Welcome to Cryptsy Librex community!
Thx... what about LXC/USD pair ? If it gets the volume we would be glad to.
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Don't understand what btc-e have to do with Cryptsy? Topic is "International customers USD deposit via BTC-e**"
By the way... When is Monero/CryptoNote coins getting added?
We accept BTC-e codes for USD on Cryptsy so you can deposit there and use the code for the USD on cryptsy is why. Working on Monero has a different API that we want to make sure we integrate properly. Ill look into Cryptonote
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