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

[pryzh]

Now we need more providers again. The ones with VTC would be very nice - all rigs rented constantly...

Im gonna switch my rigs to VTC upon expiry of the leases.

[Pustul]

Mining vertcoin is hugely profitable now! About 0.05 BTC/MH/day! That means people should lease at about 0.1 BTC/MH/day for nFactor or mine

[testthewhiterabbit]

djeZo, we need email notifications (especially for rig providers); at least these:
- email notification when a particular rig is rented
- email notification 1h before a particular rig's rent ends
- email notification when a particular rig rent ends

Agreed, this would help a lot.

[djeZo]

djeZo, we need email notifications (especially for rig providers); at least these:
- email notification when a particular rig is rented
- email notification 1h before a particular rig's rent ends
- email notification when a particular rig rent ends

Agreed, this would help a lot.

Already on todo list

[testthewhiterabbit]

Tried to setup vertcoin & scrypt-jane, but no luck.  Will try this again son and see if I can get it working for all those looking to rent.

[testthewhiterabbit]

Another suggestion: On the provider side, have an option to email/communicate with the user from the admin interface.  The reason for this is if you need to communicate with a few of your leasers it gets complicated to manage how you've contacted them (email, this forum, etc).

[Zombie123]

Mining vertcoin is hugely profitable now! About 0.05 BTC/MH/day! That means people should lease at about 0.1 BTC/MH/day for nFactor or mine

Thats right but miners need to be aware difficulty rise is insane

[Pustul]

Mining vertcoin is hugely profitable now! About 0.05 BTC/MH/day! That means people should lease at about 0.1 BTC/MH/day for nFactor or mine

Already got a lease fo 0.99 BTC/MH/day

And I just passed 1BTC of leasing revenue, 421 hours for 1.0137BTC to be precise! Thanks djeZo for the hard work and the constant upgrades to your great service  
I've got some calculations wrong, I didn't go over 1BTC yet 

[djeZo]

Damn, looks like renting vtc rigs out is very profitable, but I still have lease going on for 24h. I will try to setup my rigs again after leases expire.

[mpdas108]

Any advice on how I can calculate how many Vert coins I can mine at a certain difficulty ( btw where can I find the current difficulty ). And how does the hashrate translate from normal LTC mining, I've been told its about half. so when I calculate how many coins I can earn per day per Mh, would that be per standard LTC Mh, or the halved VTC mining Mh..

Any help would be appreciated.

[mpdas108]

Any advice on how I can calculate how many Vert coins I can mine at a certain difficulty ( btw where can I find the current difficulty ). And how does the hashrate translate from normal LTC mining, I've been told its about half. so when I calculate how many coins I can earn per day per Mh, would that be per standard LTC Mh, or the halved VTC mining Mh..

Any help would be appreciated.

I found out.. I finally found a pool that gives me statistics: http://livemining.com/vtc/index.php?page=statistics&action=pool

Seems like ill be missing out on the Vertcoin gravy train for the next 36hrs , as my rigs are booked.. now Im seriously contemplating removing the 72hr and 48hr rental options..

[sameev29]

Who can provide me VTC mining rig at leaserig,please pm me with offers.

[djeZo]

New features:
- mail notifications providers: when lease starts, 30min before lease expiration, when rig is disabled by the system)
- mail notifications customers: when lease starts, 30min before lease expiration, when lease is extended

Providers: make sure you configure contact email in admin panel to receive notifications.

[deerough]

somebody please tell me why someone would rent a rig for x btc when they could just buy more than they could mine from an exchange?  wouldn't this be more profitable if you accepted paypal for those that down already have btc to trade with?

[MadMatt]

somebody please tell me why someone would rent a rig for x btc when they could just buy more than they could mine from an exchange?  wouldn't this be more profitable if you accepted paypal for those that down already have btc to trade with?

Coins that aren't on exchanges yet.. etc..

[frostamation]

somebody please tell me why someone would rent a rig for x btc when they could just buy more than they could mine from an exchange?  wouldn't this be more profitable if you accepted paypal for those that down already have btc to trade with?

because it could go either way from buying from an exchange the same it could go either way from mining. as far as paypal goes i would never accept paypal because paypal has it in the terms/conditions that they do not honor digital currency so someone could pay with paypal dispute the charges and get their money back essentially scamming whoever isnt smart enough to not accept paypal.

[ad3000]

somebody please tell me why someone would rent a rig for x btc when they could just buy more than they could mine from an exchange?  wouldn't this be more profitable if you accepted paypal for those that down already have btc to trade with?

While I agree, Paypal is touchy as far as crypto-currency is concerned. We have had an account suspended due to selling coins, and while I believe leasing rigs is acceptable at this time, that may change at any moment.

From what I've seen, Google Wallet might be a better avenue to pursue.

[kenshirothefist]

One minor, but annoying buggy: when my rig is rented, and I remove all my renting plans, the rig disappears from the list of rented rigs. I thing you should do it like this:

if (rig rented) then
show best price
else
show the price at witch rig is currently rented (and show in the list of currently rented rigs even if there are no currently defined renting plans)
end

Acutally it would be even better for you to show additional column in the list

"Currently rented
price (BTC/GH/day)"

For the rigs that are rented you would display the BTC/GH/day price at which the rig is currently rented, for the available rigs you would display "N/A" (obviously, since they are currently not rented).

djeZo, this is very important since the current table is somewhat misleading ...it doesn't show the current "renting market position" since the users may try to manipulate the market position by hiding current price. Renting system must be transparent and shouldn't allow manipulation... Please fix this ASAP.

[djeZo]

I think that every customer decides for himself for how much he would hire a rig depending on market situation how much he can earn. You are forgetting one important fact; we are not trading coins here, but rigs and rig prices depend on how much can be earned with them. Showing these too high and all customers would rather go to competition where prices are low (keep that in mind).

[kenshirothefist]

I think that every customer decides for himself for how much he would hire a rig depending on market situation how much he can earn. You are forgetting one important fact; we are not trading coins here, but rigs and rig prices depend on how much can be earned with them. Showing these too high and all customers would rather go to competition where prices are low (keep that in mind).

That's exactly what I'm saying ... Currently most of the rigs are rented for LESS then it is showed in column "Best rated price (BTC/GH/day)". If customers (potential renters) would also see the current prices this would show a more real position of the prices ... this would actually become some kind of "orderbook" as we are used from coin trading portals.