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Author Topic: Hashpower.com - Buy and Lease Mining Shares  (Read 13901 times)
TradeFortress
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October 16, 2012, 11:32:19 AM
 #61

Why the HELL would people use this?

Case A: You get more coins than what you pay for.
Miners are getting screwed.

Case B: You get less coins than what you pay for.
Buyers are getting screwed.
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max in montreal
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October 16, 2012, 04:01:03 PM
 #62

registered a few days ago but forgot the password...forget pasword link does not seem to be working for me... Huh
Digigami
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October 16, 2012, 04:12:06 PM
 #63

Why the HELL would people use this?

Case A: You get more coins than what you pay for.
Miners are getting screwed.

Case B: You get less coins than what you pay for.
Buyers are getting screwed.


So far that's worked out well for me.. Miners still do alright earning 105% PPS at a minimum.
Turbor
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October 16, 2012, 05:00:39 PM
 #64

Seems to work nice via BitMinter. Who is behind this ?

scrybe
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October 16, 2012, 07:55:39 PM
 #65

Why the HELL would people use this?

Case A: You get more coins than what you pay for.
Miners are getting screwed.

Case B: You get less coins than what you pay for.
Buyers are getting screwed.


On the mining side, it's easy since the payout is ~105%.

For the lessors the idea is to be able to "burst" your hashing capacity if you feel you can gain an advantage in doing so.

Find a pool overdue for a block, throw a bunch of hashing power at it, collect bonus for finding block (or get a bunch of shares loaded in at the end of the weighting period I suppose.)

There are a few unscrupulous things someone could do with enough hashing power, a couple nefarious ones, and several reasonable uses.

There is also the interesting question as to what happens if the difficulty goes down...

Of if someone buys up 5-10% of all hashing power and routes it to a null pool to get the difficulty to GO down (like paying farmers to NOT grow corn.) (not sure of the motivation WHY you would waste BTC this way)

Heh, if I'm right we might get some government or other large entity paying folks NOT to mine BTC at some point in the future. Who says you can't regulate bitcoin? Maybe we can all get bailouts by the time we split to 12.5!   Grin

"...as simple as possible, but no simpler" -AE
BTC/TRC/FRC: 1ScrybeSNcjqgpPeYNgvdxANArqoC6i5u Ripple:rf9gutfmGB8CH39W2PCeRbLWMKRauYyVfx LTC:LadmiD6tXq7gFZvMibhFUZegUHKXgbu1Gb
wknight
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October 17, 2012, 02:38:17 PM
 #66

Seems to work nice via BitMinter. Who is behind this ?

Ukto.. he also hosts a few things for Ozcoin Smiley


Mining Both Bitcoin and Litecoin.
wknight
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October 17, 2012, 02:40:51 PM
 #67

Great results lately with a lot of new miners. Welcome to all. If you ever need help please drop into the chat channel on freenode.. #hashpower

Mining Both Bitcoin and Litecoin.
Shermo
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October 18, 2012, 12:31:59 PM
 #68

Anyone have an invite for WeExchange? Smiley
Digigami
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October 18, 2012, 02:15:51 PM
 #69

Best bet for an invite is to go to the IRC channel..
Graet
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October 18, 2012, 03:26:28 PM
 #70

Anyone have an invite for WeExchange? Smiley
sent in PM

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
phantastisch
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October 18, 2012, 04:11:02 PM
 #71

Anyone have an invite for WeExchange? Smiley

+1

Plagiarize, let no one elses work evade your eyes.
Remember why the good lord made your eyes, so don't shade your eyes but plagiarize, plagiarize, plagiarize. Only be sure always to call it please 'Alternative Coin'.
Tittiez
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October 19, 2012, 01:42:17 AM
 #72

Miners should be able to set the minimum they will mine at and then purchasers could see how much GH/s they would be getting at the price they are looking to buy.

Love the site, great work.


BTW, when I login, it takes two tries before I actually do. The first time just sends me back to the main page, then I log in a second time and it works. I'm on Chromium 20.0.1132.47.
max in montreal
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October 19, 2012, 05:09:56 AM
 #73

Can someone send me an invite for WeExchange?
Shermo
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October 19, 2012, 05:47:34 AM
 #74

Miners should be able to set the minimum they will mine at and then purchasers could see how much GH/s they would be getting at the price they are looking to buy.

Love the site, great work.


BTW, when I login, it takes two tries before I actually do. The first time just sends me back to the main page, then I log in a second time and it works. I'm on Chromium 20.0.1132.47.

I have the same problem with logging in, also I think a minimum mining value might be useful... at the moment it looks to be around 104% PPS and the rest goes to HashPower?
wknight
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October 19, 2012, 05:34:38 PM
 #75

Yes.. the hashpower only gets about 5%.

Lots of people have provided feedback on how buy and leasing should be handled. At this time this is market based leasing in which minimum leasing is 105%. There is an api that can be used for scripts to monitor leasing and leasing price. Scripts can be made to use this as they see fit. (Selling min order)

There is many things in the works and I am sure things will be added. Hashpower is still in very young stages and can be adapted in many ways.

Mining Both Bitcoin and Litecoin.
max in montreal
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October 19, 2012, 05:37:43 PM
 #76

still waiting on the email where the exchange account has been created, it has been over 2 hours.
wknight
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October 19, 2012, 09:19:00 PM
 #77

still waiting on the email where the exchange account has been created, it has been over 2 hours.

check your spam box. Could be in there

Mining Both Bitcoin and Litecoin.
Ignatius
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October 20, 2012, 11:52:21 PM
 #78

Hello I tried asking in IRC to no avail, can someone please PM me a weex invitation code? Thank you

Received, thank you Ukto
Sant001
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October 22, 2012, 02:47:01 AM
 #79

How about mining on 443?

Some ISP's are meddling with port 80 requests in order to feed spam ads, I know cause mine is doing it  Sad

It's affecting my mining efficiency as you can see on my GPU usage:

Askit2
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October 22, 2012, 09:15:26 PM
 #80

A longer term solution would be to get a second port. Short term setup CGminer with a backup pool and your gpu should stay busy. Instead of waiting for work (getting ads) it should work on work from a backup pool. It will keep as much hashpower going to hashpower as possible while keeping your GPU's busy.

https://bitcointalk.org/index.php?topic=28402.0


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