miaviator
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Activity: 686
Merit: 519
It's for the children!
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March 06, 2014, 04:22:03 PM |
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I love the stats! This is mostly due to gridseeds on device firmware sucking... Gridseed:  GPU:  |
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Puycheval
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Activity: 95
Merit: 10
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March 06, 2014, 04:42:14 PM |
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I love the stats! This is mostly due to gridseeds on device firmware sucking...
Off topic but wondering if it can be evidence of a -very- high lookup gap value ? |
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Puycheval
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Activity: 95
Merit: 10
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March 06, 2014, 07:07:53 PM |
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Djezo, how can we make the scrypt-jane section clearer ? Several customers just rent rigs without reading rig's description and of course they only get rejects. And I know it happened to other owners too. I try to monitor each lease but I have to go to bed sometimes  Maybe some big red warning somewhere or an extra column for coin name ? |
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kenshirothefist
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March 06, 2014, 08:56:34 PM |
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Hmm, these stats are great, but they puzzles me; a couple of things: 1. You should note what is on y axis (I guess it's "Rated price (BTC/MH/s)", it's quite obvious, but anyway ...). 2. You should display the y scale for other values as well (at least "Hired hashing speed (MH/s)") ... otherwise I have no idea what was the value of "Hired hashing speed (MH/s)" in a particular point in time. 3. Are you sure that the "Hired hashing speed (MH/s)" is correct? I don't believe that it fluctuates that much ... are you showing the exact hired power for each particular point in time, or are you showing the power that was rented in a particular point of time (for example, on "Thu Mar 06 21:45:39 CET 2014" Scrypt 3.35 MH/s has been rented) - so, are you counting rent events or actual rented power? |
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djeZo (OP)
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March 06, 2014, 09:27:18 PM |
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Actual rented power gives you no important info. What is important for you is how much hashpower was rented and for what price so you could speculate for what price to rent out.
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kenshirothefist
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March 06, 2014, 09:56:23 PM |
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Actual rented power gives you no important info. What is important for you is how much hashpower was rented and for what price so you could speculate for what price to rent out.
OK, but if someone rents 300Mhs for 1h and then later 300MHs for 72h your graph would show the exact same spike ... that's why I'm saying that you should also show the actual rented power... |
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djeZo (OP)
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March 06, 2014, 10:38:11 PM |
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I have detected that many customers don't set their preconfigured pools correctly (they most likely miss out port). As a result, some of providers were getting mails about failed pool adjustments at beginning of the lease. I have fixed preconfigured pools now so that port is mandatory and pool URL has to start either with http:// or stratum+tcp://. Hope this will reduce number of such errors.
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Puycheval
Member
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Activity: 95
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March 07, 2014, 09:15:14 AM |
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More than a warning with RED I cannot do.
It should help. |
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ozoner
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Activity: 96
Merit: 10
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March 07, 2014, 12:39:45 PM |
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Hi all.
I rent out my 2 rigs on leaserig most of the time. I am very much a "small player". I do this for a bit of fun, but I do like to think I provide value to my renters, when the rigs are leased. I understand how the leaserig system works. I think it's great.
Today I decided that I might rent a few other rigs and throw some hashpower at a few coins I wanted to get a piece of. I'm not particularly skilled or knowledgeable, but I figure what the hell... Why not.
I wanted to show you what a renter's experience looked like. Rig and renter's names withheld.
I leased 7 rigs for various amounts of time, varying from 2 hours to 36 hours. I sank about 0.1 BTC into the exercise, so I'm not losing heaps of money, but ultimately I'm putting "real" money down for services. During these 7 leases :
- One rig went offline for an hour. I noticed it before the owner did, and messaged him. reimbursed 1.5x time. Good result.
- One rig went offline for a shorter period of time. I noticed it before the owner. I messaged the owner. Awaiting response. Still down.
- One rig advertised at speed X was hashing rock solid at .05mhash less than it was rated at. Note - not fluctuating up and down and averaging at the advertised speed, but solid, reliably less than advertised. Messaged owner, who credited me with an extra hour and basically said I should expect the advertised speed + or - .05mhash. While I got reimbursed some, I think that's not right - it should at the very least average hashrate at the advertised rate. Same thing is going to happen to future renters...
- One rig was malfunctioning when switching pools (when the primary pool was dead). It didn't switch correctly to my backup pool when the main pool died, and, it stopped hashing for several hours. I noticed this before the owner did. PM'd owner who credited me with most of the downtime, acknowledged it was an issue with his rig, but then reminded me the leaserig service was in beta, and quoted me the "no responsibility will be taken for rig owners blah blah" from the leaserig website.... Nice service - NOT. It's still malfunctioning, and I still can't point it at the primary pool I want (this rig shows it as "down" when all my other leases are happily mining on it....). It's currently stuck on my backup pool, since I figure I might as well get something out of the lease....
- I'm happy to say the other 3 rigs performed flawlessly, couldn't fault them. And yes I will leave feedback as such when all my leases are finished.
And I still have several hours lease left on some of these rigs too - fingers crossed we're stable now...
Perhaps I'm an optimist, but I think that result is terrible. If I was a member of the public renting rigs for the first time, I can guarantee you I wouldn't be back after that experience!! If we're renting out a rig and being PAID BTC for it, it's our responsibility as a rig provider to provide the best service possible. Reliable, as advertised, and if any issues happen make it right - usually credit the renter with time, BTC refund, or both. Preferably everyone should monitor their rigs - it shouldn't be up to the renter to make sure your rig is working properly.
I realise it's not possible (in my estimation) to provide a 100% reliable mining rig. It's the nature of the beast. You get as close as you can, then "make it right" for anything that breaks. I have credited time (always more than was lost) to several renters since I have been doing this. It's the right thing to do, and keeps customers happy with not only your own service, but the service provided by leaserig.
I strongly encourage everyone renting their rigs out to take this seriously, and understand that you have a responsibility to provide a good service to those paying you for it.... The viability of this service relies upon you doing the right thing.
Thanks for listening to my rant. Flame away if you must.
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djeZo (OP)
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March 07, 2014, 01:29:44 PM |
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Good post ozoner.
My personal renting practice is as following; I check my graphs regularly. Sometimes the low hashing speed shown there is due to bad pool being set by customer for first priority and doing constant switches between working and dead pool which results in fluctuating speed - there is nothing I can do about that. But if I do see any red period of time in graph, I do immediately extend the lease, without even communicating with my customer. The customer will get an email that his lease was extended. When I had some networking issues with my rig and knew that the rig won't be online for next several hours, I immediately cancelled the rent and issued the refund without even contacting the customer. Customers refund BTC address is visible in history page - there are no excuses. Each provider can really do good service, as long as they want it. Checking graphs here and there is not hard, is it? And from latests updates of LeaseRig service, providers get notified when:
- there is failure to automatically switch pools
- rig is dead for 10 minutes (when being leased out)
- rig is dead for 100 minutes (when not being leased out)
If you turn of email notifications, you will be notified about the issues and you can fix them ASAP. Think about it that way; if you mine anywhere else, do you get paid for your rig being offline or down? No. So, even if you do refunds and lease extensions, you are not loosing!
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DarkKnight
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March 07, 2014, 05:19:26 PM |
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I strongly encourage everyone renting their rigs out to take this seriously, and understand that you have a responsibility to provide a good service to those paying you for it.... The viability of this service relies upon you doing the right thing. Perhaps implementing a '5 star rating' system, allowing customers to rate their providers would help differentiate the good ones from the bad ones. For my part, I've always noticed any dips in service, and messaged the renter about it, and extended the lease without being asked by more than what was lost. I don't think I've had any unsatisfied customers. Also, I do see a race to the bottom happening, now that providers seem to outnumber renters. The 'Order's' system will serve to only hasten it transitioning into a buyer's market, and putting more pressure on prices. Is the service more profitable than coin switching pools, yes; however, that margin is shrinking quite rapidly. I imagine it will settle to 1-2% higher, as people are willing to lease their rigs ever cheaper. The precipitous drop in alt-coin value over the last couple weeks also blows. I guess less people are speculating and more people are buying mining hardware now that the asic ship has come in.  |
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bitlynx
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March 07, 2014, 06:44:22 PM |
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It's getting a little depressing. That this rate, unless we see an upswing, I may never reach the break even point on my rig investment (assuming it continues to drop at the current rate.) And that's talking about renting or mining a multipool.
DjeZo, I do like that graph though - it does a good job showing the comparison, but yes, that difference is shrinking and I can't help but whine, "That sucks!" So which multi-pool are you comparing against? I assume Middlecoin, but am curious if you went another way.
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DarkKnight
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March 07, 2014, 11:53:09 PM |
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I just noticed you lease your rig out, DjeZo, at a 3% advantage no less, since you keep your fees.  |
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djeZo (OP)
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March 08, 2014, 12:53:06 AM |
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I just noticed you lease your rig out, DjeZo, at a 3% advantage no less, since you keep your fees. Just a coincidence :p I want it to be rented out 24/7 so I do not have to bother about pools and exchanging on my own. |
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balanghai
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March 08, 2014, 01:10:19 AM |
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I just noticed you lease your rig out, DjeZo, at a 3% advantage no less, since you keep your fees. Just a coincidence :p I want it to be rented out 24/7 so I do not have to bother about pools and exchanging on my own. And cheapest at the moment.  |
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djeZo (OP)
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March 08, 2014, 08:47:21 PM |
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I have modded first page, should look better now.  |
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djeZo (OP)
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March 08, 2014, 09:33:24 PM |
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Anyone good with reddit posting? I will tip you if you can advise me how to make a post there that is similar to the first post of this thread.
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