[ANN] LEASERIG.NET - rent&hire Quark hashing power!

[mpdas108]

A couple of people have asked me about Middlecoin profitability.
This is what I do I just find out similar rigs and see how much they are earning and find average for last 2 weeks. that will give a fair idea.

Also, I have made an windows application which I can make opensource which does this 

Please do - I might build a website out of it.

What I do is just use stratehm.net and get the difference of total(balance+unexchanged+immature) balance from the beginning of a day to the end and divide by total hashing power of middlecoin for that period.. and viola you have the current BTC/MH/Day with all unexchanged and immature taken into account.

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[snipsnoop]

How is it sorted ? I thougt it was by Rated Best Price ?

Rated best price (BTC/MH/day). Looks fine to me?

[BotwinBG]

I overloaded a circuit while testing a server PSU and my fuses blew. Hopefully the person got their time worth, if not I will of course reimburse. The rig is up and running now.

[mpdas108]

How is it sorted ? I thougt it was by Rated Best Price ?

Rated best price (BTC/MH/day). Looks fine to me?

Hobbes should be ahead of subway and escobol. as .022 is lower than .02200704

[snipsnoop]

How is it sorted ? I thougt it was by Rated Best Price ?

Rated best price (BTC/MH/day). Looks fine to me?

Hobbes should be ahead of subway and escobol. as .022 is lower than .02200704

He was prob playing around with rates.

[Puycheval]

How is it sorted ? I thougt it was by Rated Best Price ?

Rated best price (BTC/MH/day). Looks fine to me?

Hobbes should be ahead of subway and escobol. as .022 is lower than .02200704

He was prob playing around with rates.

I just made a new pricelist more than an hour ago. Ranking is still not good.

[bitlynx]

What I do is just use stratehm.net and get the difference of total(balance+unexchanged+immature) balance from the beginning of a day to the end and divide by total hashing power of middlecoin for that period.. and viola you have the current BTC/MH/Day with all unexchanged and immature taken into account.

So what do you do when stratehm.net is down?  Well, at least it's down for me.  I suppose I shouldn't speak for the entire Internet.

[djeZo]

How is it sorted ? I thougt it was by Rated Best Price ?

Due to rounding errors  Nothing to worry about, will fix it in next update.

[tw0r]

Great, new PSU arrived very fast, my rig is ready again for you 

Thanks

TW0R

[djeZo]

I just remembered one important fact about cgminer (which I don't like at all) - it does accept only 1 API connection at a time. This could be one of the reasons why some of you complained about having bad connection stability. If you were heavily monitoring your cgminer or if your rig was heavily monitored on website, this could have built a queue that wasn't processed quickly enough to return data in 2 sec time. I implemented synchronization locks for each rig when doing API calls, so, at least, my site will not be doing more than 1 API call at a time.

Also stability is now ln calculated, which should minimize big impact of small/rare downtimes on overall number. The stability calculation is not final, this is just temporary solution. Real stability calculator will monitor past 24h activity.

[bitlynx]

What I do is just use stratehm.net and get the difference of total(balance+unexchanged+immature) balance from the beginning of a day to the end and divide by total hashing power of middlecoin for that period.. and viola you have the current BTC/MH/Day with all unexchanged and immature taken into account.

So what do you do when stratehm.net is down?  Well, at least it's down for me.  I suppose I shouldn't speak for the entire Internet.

Based on the data I scrape from Middlecoin's own home page, if this is a true picture of profit, why would I rent my rig for less than this?
http://home.digitolle.net/miner/middlecoin.php
(and if I am oversimplifying it, please let me know where my issue is and I'll attempt to correct.)

[djeZo]

When I check middlecoin payouts for rigs with similar hashrate I see payouts that are just a bit over 0.01 BTC/MH/day. Where is the catch then?

[coinpool_de]

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[djeZo]

Yes, SHA256 works! I am also thinking about adding support for CPU coins. Is here anyone interested with some knowledge - I need to know whether quark miner is forked off cgminer and if yes, from which version on to check compatibility.

[frostamation]

In terms of profit, which i can say for 42coin, when a new coin comes out its a gamble as to whether or not it will be worth anything for any amount of time. If you rent a rig for a new coin, say 42coin, at .02btc per mh/s then sell that coin at what would be equivalent to .03btc per mh/s then you made a profit of .01btc per mh/s per day that you mined 42coin. The catch is, for both renters and operators, is the risk. Maybe a new coin will do good maybe it wont, maybe an existing coin might seem like its going to take off, maybe it wont. Take that into consideration plus the time and effort it takes to get a wallet put coins on exchanges ect ect ect. Some people are good at sitting on btce or cryptsy and trading all day long and making good profits, others are good at picking new coins that take off, even if its only for a short time. For me i would never rent my rig below what i can make at an auto exchange btc pool, because then someone else is making more money off me that i could be simply doing by myself, theres no logic in that. What is logical is that there are plenty of people out there taking risks and will continue to take risks, and those that take the risks have a change of making some or a lot of btc. Personally i'm tired of the trading game which is why I became an operator.

So for any future customers i would have to say, no there is no point in renting a rig just to point it at a profit switch auto btc payout pool, only rent if you plan on taking the risk on a new coin or a current coin that you think may go up in value and thus you would make more than you put into it. Same concept for trading on exchanges, you wouldnt buy at X price just to sell below that.

[coinpool_de]

In terms of profit, which i can say for 42coin, when a new coin comes out its a gamble as to whether or not it will be worth anything for any amount of time. If you rent a rig for a new coin, say 42coin, at .02btc per mh/s then sell that coin at what would be equivalent to .03btc per mh/s then you made a profit of .01btc per mh/s per day that you mined 42coin. The catch is, for both renters and operators, is the risk. Maybe a new coin will do good maybe it wont, maybe an existing coin might seem like its going to take off, maybe it wont. Take that into consideration plus the time and effort it takes to get a wallet put coins on exchanges ect ect ect. Some people are good at sitting on btce or cryptsy and trading all day long and making good profits, others are good at picking new coins that take off, even if its only for a short time. For me i would never rent my rig below what i can make at an auto exchange btc pool, because then someone else is making more money off me that i could be simply doing by myself, theres no logic in that. What is logical is that there are plenty of people out there taking risks and will continue to take risks, and those that take the risks have a change of making some or a lot of btc. Personally i'm tired of the trading game which is why I became an operator.

So for any future customers i would have to say, no there is no point in renting a rig just to point it at a profit switch auto btc payout pool, only rent if you plan on taking the risk on a new coin or a current coin that you think may go up in value and thus you would make more than you put into it. Same concept for trading on exchanges, you wouldnt buy at X price just to sell below that.

Please join my 42 Pool...
http://42.coinpool.de

[raveneye]

What I do is just use stratehm.net and get the difference of total(balance+unexchanged+immature) balance from the beginning of a day to the end and divide by total hashing power of middlecoin for that period.. and viola you have the current BTC/MH/Day with all unexchanged and immature taken into account.

So what do you do when stratehm.net is down?  Well, at least it's down for me.  I suppose I shouldn't speak for the entire Internet.

Based on the data I scrape from Middlecoin's own home page, if this is a true picture of profit, why would I rent my rig for less than this?
http://home.digitolle.net/miner/middlecoin.php
(and if I am oversimplifying it, please let me know where my issue is and I'll attempt to correct.)

You assume that all Unexchanged and Immature is paid out at the end of every day and restarts the next day at zero.  This is false and throwing your calculation off badly.  
You are also dividing (BTC between 3AM and now) by (average Hash Rate) causing other errors.  It causes it to drop to near 0 right after a payout and climb to steadily as the day goes on.

If you want to see it clearly, check your site at 2AM UTC right before the payout happens, it will show something like this:
(13 BTC Immature) + (127 BTC Unexchanged) + (400 BTC Balance) = 440 BTC / 21200 MH = 0.0225 btc/mh/day
Then an hour later after the payout has happened, it will show something like this:
(13 BTC Immature) + (127 BTC Unexchanged) + (10 BTC Balance) = 150 BTC / 21200 MH = 0.007 btc/mh/day
In reality, 390 BTC was paid out for 21200 MH, or a total of 0.0184 btc/mh for 1 day

Check it in a few hours and see for yourself.

If you want an accurate estimate for the current day, ignore Immature/Unexchanged as they stay somewhat constant.  Then calculate:
Balance * (Hours since last payout)
----------------------------------
Hash Rate * 24

Right now, that works out to be:
330 BTC * 20 hours
------------------- = 0.01297 BTC / day
21200 * 24 hours

It is not exact as it assumes all BTC is paid out each day (in reality, only about 90-95% is, the rest is small amounts less than 0.01 btc per miner), and that Immature/Unexchanged is constant and it can vary quite a bit on some days, particularly if the exchanges are running slowly.

[djeZo]

The calculation you mentioned seems more correct yes. So, to conclude, even if you rent at 0.015, it is still more profitable than middlecoin.

[dothetwist]

I don't think this is correct, guy listing 8 hours for the best price, then basically promoting a scam 24 hour deal at the top of the list for 0.05 MH a day:
http://leaserig.net/index.jsp?page=hire&rigid=93
The new listing model and the user definable sorting allows these kind of shady setups...

[djeZo]

If this is his marketing strategy, let it be

I think everyone can notice the trick by just looking at the table