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Author Topic: [WTB Your Hashing Power] >150% PPS!  (Read 1790 times)
Vorksholk
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April 03, 2013, 12:56:50 PM
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Hello! I'm looking to buy 1 Bitcoin (and if this is successful, much more) of SHA256 hashing power, paying a little over 150%

Current PPS price: 0.000003546985
My Price: 0.00000533

Which is right around 187000 shares for one Bitcoin. Please PM me if interested.

Fold Proteins, earn cryptos! CureCoin.
https://bitcointalk.org/index.php?topic=603757.0
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Nancarrow
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April 05, 2013, 12:38:40 PM
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How would this work exactly?

We lend you our rigs' hashing power (how?), you mine 141000 shares with them, then give us about 2BTC.
I can see how we make money on this. How do you? Or are you giving 1BTC out of the kindness of your heart?

ETA: I suppose we transfer the hashing power to you by mining on a pool you've set up?

ETA2: factor of 2 out, unless I misunderstand you. 1BTC is about 282000 shares.

ETA3: oh, you mean, you pay us 1BTC for 141000 shares. So you're 'buying 1BTC'. We would get 0.5 BTC for them on a 100% PPS pool, so this way we get 200%. I get it now. Still wondering what's your upside here. Of course, IF you pay the 1BTC in advance (see sig) I'm happy enough to go further with this.

No more ETAs, promise.  Lips sealed

If I've said anything amusing and/or informative and you're feeling generous:
1GNJq39NYtf7cn2QFZZuP5vmC1mTs63rEW
Vorksholk
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April 05, 2013, 12:56:46 PM
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How would this work exactly?

We lend you our rigs' hashing power (how?), you mine 141000 shares with them, then give us about 2BTC.
I can see how we make money on this. How do you? Or are you giving 1BTC out of the kindness of your heart?

ETA: I suppose we transfer the hashing power to you by mining on a pool you've set up?

ETA2: factor of 2 out, unless I misunderstand you. 1BTC is about 282000 shares.

ETA3: oh, you mean, you pay us 1BTC for 141000 shares. So you're 'buying 1BTC'. We would get 0.5 BTC for them on a 100% PPS pool, so this way we get 200%. I get it now. Still wondering what's your upside here. Of course, IF you pay the 1BTC in advance (see sig) I'm happy enough to go further with this.

No more ETAs, promise.  Lips sealed

Just changed my offer, as I redid math and got a lower profit margin than I expected. Anyhow, basically 1BTC will buy me 187000 shares from someone who wants to work with me. If you are still interested at the 150% I can pay upfront Smiley

Fold Proteins, earn cryptos! CureCoin.
https://bitcointalk.org/index.php?topic=603757.0
Nancarrow
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April 05, 2013, 04:31:38 PM
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Yes I am still interested, but I'm still unclear exactly how I'm supposed to give you 187000 shares. If it's just redirecting my miners to some pool, I can do that!

If I've said anything amusing and/or informative and you're feeling generous:
1GNJq39NYtf7cn2QFZZuP5vmC1mTs63rEW
Vorksholk
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April 05, 2013, 08:58:37 PM
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Yes I am still interested, but I'm still unclear exactly how I'm supposed to give you 187000 shares. If it's just redirecting my miners to some pool, I can do that!

Yeah, I'll just send you the details for my miner on coinotron Smiley

Fold Proteins, earn cryptos! CureCoin.
https://bitcointalk.org/index.php?topic=603757.0
Nancarrow
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April 05, 2013, 10:06:46 PM
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Alright. PM me the details. You don't have to pay me upfront, I'll mine for a bit and test out that everything seems to be working okay. Then pay me, then I'll mine more shares.

If I've said anything amusing and/or informative and you're feeling generous:
1GNJq39NYtf7cn2QFZZuP5vmC1mTs63rEW
Nancarrow
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April 06, 2013, 06:55:38 PM
 #7

Hello! I'm looking to buy 1 Bitcoin (and if this is successful, much more) of SHA256 hashing power, paying a little over 150%

Current PPS price: 0.000003546985
My Price: 0.00000533

Which is right around 187000 shares for one Bitcoin. Please PM me if interested.

Hi, I've PMed you to say I've redirected my miners, please check the coinotron end and don't pay me anything yet, wait for them to settle a bit.

Your figures seem a little off. At current difficulty=7673000, the 100% PPS rate should be 25/7673000 = 0.000003258178. Your offer price is 150% of your quoted current PPS price, but is about 164% of the 'correct' PPS (if I'm not doing it rong). Of course I don't mind being overpaid, but I'd be happy to accept an actual 150% rate, which would be 0.000004887267 per share. That would mean I give you 204614 shares for 1BTC.

If I've said anything amusing and/or informative and you're feeling generous:
1GNJq39NYtf7cn2QFZZuP5vmC1mTs63rEW
Vorksholk
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April 06, 2013, 07:21:13 PM
 #8

Hello! I'm looking to buy 1 Bitcoin (and if this is successful, much more) of SHA256 hashing power, paying a little over 150%

Current PPS price: 0.000003546985
My Price: 0.00000533

Which is right around 187000 shares for one Bitcoin. Please PM me if interested.

Hi, I've PMed you to say I've redirected my miners, please check the coinotron end and don't pay me anything yet, wait for them to settle a bit.

Your figures seem a little off. At current difficulty=7673000, the 100% PPS rate should be 25/7673000 = 0.000003258178. Your offer price is 150% of your quoted current PPS price, but is about 164% of the 'correct' PPS (if I'm not doing it rong). Of course I don't mind being overpaid, but I'd be happy to accept an actual 150% rate, which would be 0.000004887267 per share. That would mean I give you 204614 shares for 1BTC.


Thank you, I'll go with the PPS rate I set though, give you a few extra bits Smiley

Fold Proteins, earn cryptos! CureCoin.
https://bitcointalk.org/index.php?topic=603757.0
MKEGuy
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April 06, 2013, 08:51:55 PM
 #9

If you ever need this again, I have a little over 5.5 mh/s or gh/s depending on what you are trying to mine!

If you have >100 posts play the Circle of Trust Game  If I have helped you in any way, or you are just feeling generous... please feel free to donate! Smiley LNarfMNLyymkS9WYQFLcmr46AeMYNP8Qj2
Vorksholk
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April 06, 2013, 09:10:43 PM
 #10

If you ever need this again, I have a little over 5.5 mh/s or gh/s depending on what you are trying to mine!

I am interested in some additional power Smiley I've PM'd you.

Fold Proteins, earn cryptos! CureCoin.
https://bitcointalk.org/index.php?topic=603757.0
MKEGuy
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April 06, 2013, 10:26:57 PM
 #11

PM'd you back!

If you have >100 posts play the Circle of Trust Game  If I have helped you in any way, or you are just feeling generous... please feel free to donate! Smiley LNarfMNLyymkS9WYQFLcmr46AeMYNP8Qj2
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