[ANN][XPM] paused and shut down

[cchan]

Working now, 0.36btc for 14000pps

[drummerjdb666]

To anybody actually paying attention to primes in the past two weeks..  I really hope you guys know that this is not worth your BTC AT ALL!!!  you will pay for it and never make ur btc back let alone make any kid of gains from it!

[robotrebellion]

20k PPS could be setup at DigitalOcean for ~$7/day, and you're charging ~$48/day. Even at DO's low rates, it's barely profitable now at the current difficulty and exchange rate. Terrible deal, if you ask me.

[maco]

n4ru, you shouldn't come in here and spam, and you can't call it a scam when we haven't scammed anymore. Your post is going to get deleted again.

Edit: He removed the message.

20k PPS could be setup at DigitalOcean for ~$7/day, and you're charging ~$48/day. Even at DO's low rates, it's barely profitable now at the current difficulty and exchange rate. Terrible deal, if you ask me.

Everyone knows about DO and uses DO... we have orders coming in from users switching over.

[maco]

Working now, 0.36btc for 14000pps

Welcome aboard.. please feel free to share your results as it goes.

[maco]

I got shares and the service works.Well done!

Hey thanks for the feedback. Check your account in about 30 minutes. You will see a little bit of improvements in the amount of shares/per second.

[apbyte]

20k PPS could be setup at DigitalOcean for ~$7/day, and you're charging ~$48/day. Even at DO's low rates, it's barely profitable now at the current difficulty and exchange rate. Terrible deal, if you ask me.

Althought at this moment I think that using this service will not give profit on current XPM prices, let's be fair, biggest (not on front page) DigitalOcean option of 8 CPU's, which costs $6/day gives ONLY 4500 pps. I know that because I did test run on it for 24 hours, 2 days ago.

They never said how good processors they have, 8 x pentium1 isn't the same as 8 x newest xeon

[maco]

20k PPS could be setup at DigitalOcean for ~$7/day, and you're charging ~$48/day. Even at DO's low rates, it's barely profitable now at the current difficulty and exchange rate. Terrible deal, if you ask me.

Althought at this moment I think that using this service will not give profit on current XPM prices, let's be fair, biggest (not on front page) DigitalOcean option of 8 CPU's, which costs $6/day gives ONLY 4500 pps. I know that because I did test run on it for 24 hours, 2 days ago.

They never said how good processors they have, 8 x pentium1 isn't the same as 8 x newest xeon

Thanks for the feedback.  I like what you mentioned here on the last line about the processors.

I'll share it here for one of the many we are hosting on so you guys know where we are at.

Server #1 - #50
processor       : 23
model name      : Intel(R) Xeon(R) CPU           X5650  @ 2.67GHz

---------------------------------------------------

Server #51 - #100
processor       : 14
vendor_id       : GenuineIntel
cpu family      : 6
model           : 44
model name      : Intel(R) Xeon(R) CPU           E5645  @ 2.40GHz

[maco]

Here's my report: I've been given a bit more than 11 hours of free usage of basic service.

Mined 0.270814 XPM during that time, meaning I would probably get ≈ 0.270814 / 11 * 24 = 0.59 XPM for 24h usage.
That usage costs 0.01 BTC ≈ 0.01 / 0.00842772 (current mcxNOW rate) = 1.18 XPM.

It gets down to this: you pay 1.18 XPM/day to earn 0.59 XPM/day. Thanks for free trial, but there is no logic for me to pay for the service.

These aren't being mined to flip for quick profits overnight. XPM is a long-term goal setter. Today, Bitcoin was announced with great news on Channel 7 ABC news, and boy did they have good things to say. Primecoin isn't at the same level, and probably still in speculation mode, but make sure you have some coins at hand once our next world record is broken. I am not an exchange expert but I watch it enough to see how it is going.

Thanks for trying this out tho, and hope to get something cooked up for you in the future.

I will let you know when our beta version of the optimized server rates are ready.

[n4ru]

Deleted my last post.

At current prices, there's no way for you to make profit off of this service unless XPM prices skyrocket.

You are much, much better off simply buying XPM than using this service.

[Transisto]

Filling this form will get you a 100$ AWS coupon by email (near instant) : http://aws.amazon.com/big-data/powerof60/

100$ will allow you to purchase 100x C1 instance (0.07$/hrs) for 14.28 hours,  each giving you ~4000 PPS for a total of ~400 000 PPS.

Happy mining.

(credit card needed)

[maco]

Filling this form will get you a 100$ AWS coupon by email (near instant) : http://aws.amazon.com/big-data/powerof60/

100$ will allow you to purchase 100x C1 instance (0.07$/hrs) for 14.28 hours,  each giving you ~4000 PPS for a total of ~400 000 PPS.

Happy mining.

(credit card needed)

Good luck getting approved on this one... Also, $100 will be gone quick.

Thank You!

An Amazon Web Services representative will contact you.

Oh btw, if you haven't heard, they are monitoring all progress.

[travisio]

Hi maco,

did my miner actually work for 6 hours? I've seen no shares on my ypool account yesterday, other than those my own pc mined...

Thanks in advance

[maco]

** SECOND RELEASE ** PRICING CHANGED FOR EARLY USER ORDERS, and...
(PPS) PRIMES PER SECOND PER ORDER has INCREASED by up to 62% per package.

First Release pricing [INACTIVE] - http://www.HostForBit.com/first-release
NOW LIVE ~ Second Release [ACTIVE] - http://www.HostForBit.com  (Homepage)

Thanks to those who signed up to try out our first release of Free & Paid services.
All current users will be upgraded and time frame will be extended at our expense.

It looks like a good turn around of paid buyers have joined after their free trial was up.
I am sure now with the new release and attractive low pricing, you can see more out of it.

Please check our previous prices: http://www.HostForBit.com/first-release
and new prices at the home page: http://www.HostForBit.com

We cannot promise these prices will be the same for a while, however, you get early access now to get a head start.

In addition, we turned up the volume for each package, not only in an increase of PPS,
but we added TURBO PPS for anything over 15k PPS. Turbo is an option that was added TODAY
by the Host For Bit team, and we will begin BETA testing Turbo with any new and current sign ups.

We expect each user to reach Turbo Speeds at least 4 times a day.

Turbo will go away soon or may be a premium feature later. Any member who stays with us, will continue to receive turbo no matter what price it hits, without paying more.
This is only a beta test for users to try out.  Thanks for considering this as your next top primecoin mining service: http://www.HostForBit.com

maco

[maco]

Hi maco,

did my miner actually work for 6 hours? I've seen no shares on my ypool account yesterday, other than those my own pc mined...

Thanks in advance

Thanks for the heads up. I will get you up and running soon. Please check your pm to verify details.

[apbyte]

Wow, that is something crazy, I don't think you can find 50,000 pps anywhere else except for amazon (but their pricing is worse)

Some people have seen my first review which didn't make much mathematical sense to mine XPM, so let's see what numbers say to us now.

Notice: This is only my opinion only, if you have different opinion - that is fine, it's called democracy. If you think that you need to shout or call people bad words so further generations know that you had opinion - don't. NSA has it recorded in their data centers, so you don't need to worry about it anymore.

Yesterday after my 6 hour test drive HostForBit team was nice enough to allow me few more hours to run on more optimised service, so numbers have improved and I will try to do theoretical review of new prices and primes per second.

From both runs I have gathered basic numbers running on low pps machin that you get ~0.336 XPM per day

1) smallest 6,000pps
Theoretically you should get 2.016 XPM
And you should pay 0.04 BTC = ~4.9 XPM
You pay about 2.43 times more than you earn

2) crazy one 50,000pps
Theoretically you should get 16.8 XPM
And you should pay 0.57 BTC = ~70 XPM
You pay about 4.16 times more than you earn

Sounds bad? Yes it is, but wait, there is a catch
First - As XPM is high difficulty coin, more pps on same worker means much higher rate to find shares. To simply increase is not linear, it's curve! with not precise numbers, if you switch from 10pps to 20pps you don't get 2 times more shares, you get 3 times more shares, get the idea?
Second - as bigger pps as more full blocks you will find, which again increases your income.

So what it means?

If you want to play around - great, but with smallest options you probably will not get profit, only experience. When you go over 10,000pps things get unpredictable, there is no mathematical way to say if you will get profit or if you will loose, probability error gets huge and it becomes more like gambling. Everything is in hands of Tyche (statisticians and historians will understand, check wikipedia)

So to speek, what I am sure about is that HostForBit team is great, they have done great job, they are doing great job now and most likely will do even more great things in future. Their service is not something to worry about or gamble about, they simply do great job. Regarding XPM think for yourself, every digital coin itself is gambling that it will get higher value in future, and this type of mining is also gamble if you will be lucky enough you will get nice or even incredible profit, if you are not you will loose badly.


If my opinion somehow helped you, feel free to buy me beer XPM: AP3tWNNZTd6RzgWTPVsnLMAAa35VErceRy

[poordeveloper]

Service report:

A bit more than 10 hours, total of 0.073274 XPM mined.
It is an awesome service but I must have had horrible luck. With the same PPS I've been averaging over 100% more shares.

[maco]

apbyte,

Awesome review, and yes, it is only an opinion.

The one thing is, as mentioned in OP, primecoin isn't a get rich currency. In fact, we are only missing few more world records until this begins to really go places. None of us can predict ROI or what you will earn with XPM mining overall. Currently, you have to be very lucky with SOLO mining to even mine a block a week. Also, it is hard for you to judge for the future of YPool, as our services is in conjunction with them. The pool is growing daily, and we are reaching huge blocks left and right. The stats page explains it. I started when the pool had only 10 workers, and now we are alive and kicking with what looks to be over a million PPS working for it. If you aren't part of it now, you will be in the future, but this will only help you earn more shares, as the network grows, and more PPS is working in its favor.

We don't know what ROI will bring, however, you can't really mine Bitcoin in 2011, and expect to see $266 in just under 2 years... no one saw that coming, even the experts.

Thanks for your words of wisdom, and I would like to agree in some level, however, all this is theory, and mining is another open door to what possibly can lead to a future..

You and I can't say what this will be, how much money you will make off each coin, or what shares you will start receiving and how fast...

End game: Go where the money is at... For a coin that is a little over 2 weeks old, and reaching a 0.018 [BTC/XPM] rate, I would like to take my chances, we got more to see from primecoin, far beyond what litecoin has been only trying to do for months, except primecoin broke that in about 2 weeks... Don't forget, litecoin wasn't too far from 0.01 BTC/LTC not too long ago, and at least primecoin has been consistent overall. Don't mind the ups and downs, every coin gets it, but the end game is... if you are holding AT THE RIGHT TIME, get ready to make some money.

Okay, so who is ready to start Moving Mountains? NEW RELEASE @ http://www.HostForBit.com

[travisio]

I just noticed a nice boost in my shares thank you for your support!

Hi maco,

did my miner actually work for 6 hours? I've seen no shares on my ypool account yesterday, other than those my own pc mined...

Thanks in advance

Thanks for the heads up. I will get you up and running soon. Please check your pm to verify details.

[maco]

I just noticed a nice boost in my shares thank you for your support!

Hi maco,

did my miner actually work for 6 hours? I've seen no shares on my ypool account yesterday, other than those my own pc mined...

Thanks in advance

Thanks for the heads up. I will get you up and running soon. Please check your pm to verify details.

Hey that's great news, travisio!
Thanks for the update.

Service report:

A bit more than 10 hours, total of 0.073274 XPM mined.
It is an awesome service but I must have had horrible luck. With the same PPS I've been averaging over 100% more shares.

Sent you a PM poordeveloper. You might have been on the previous server that we didn't update.