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

[bitlynx]

127.0.0.1 was what was in the pools.config in the leaserigproxy folder.  My CGwatcher started restarting cgminer over and over due to lack of alive pool starting at 6:40 PM CT and I didn't catch it, even though your system did e-mail me 10 minutes after the issue started (I need to setup something to monitor for that particular e-mail and send out a higher alert.)

The proxy acts very interestingly when you point it at itself - it sucks up all ports and just about all networking starts failing until you kill the proxy.

[bitlynx]

Also, this board does not account for daylight savings time, so you posted about your change about 7 minutes after my issue started.

[bitlynx]

Also, if you have a table in your database that keeps track of pools, I'm sure my renter would appreciate it if you could put them back so my rig is mining on his pool instead of my default middlecoin pool.  If you don't have such a table, you might consider implementing one, even if it's just for the past couple of renters (to keep the data size down.)

Thanks,
- Bitlynx

[djeZo]

127.0.0.1 was what was in the pools.config in the leaserigproxy folder.  My CGwatcher started restarting cgminer over and over due to lack of alive pool starting at 6:40 PM CT and I didn't catch it, even though your system did e-mail me 10 minutes after the issue started (I need to setup something to monitor for that particular e-mail and send out a higher alert.)

The proxy acts very interestingly when you point it at itself - it sucks up all ports and just about all networking starts failing until you kill the proxy.

The possible issue about loopback has been fixed in LRP. Just make sure you use latest version.

[bitlynx]

Just installed the new version.  Any chance you could send out an e-mail to all rig providers when you come out with updates to LRP?  Still hoping you can restore my renter's pools before his lease is up...

[hutnik]

I once got a customer, which wanted to solomine. Obviously, every solomining guide tels you to point your miner to your wallet, which is at 127.0.0.1 or localhost, so he did

Isn't this your case too?

[kenshirothefist]

DOGE payment added

Nice. It might be attractive to also include LiteCoin payments, since LiteCoin is strong again.

I would also vote for optional "auto-trade to BTC". As a provider I don't want to do manual trading at all, so it would be great if you would add the option for "auto-trade to BTC". When leaser would pay in DOGE or LTC, you would do instant auto-trade to Crytpsy (with the Auto-Trade option "Immediate & Complete sell") and provider would receive BTC only.

[djeZo]

DOGE payment added

Nice. It might be attractive to also include LiteCoin payments, since LiteCoin is strong again.

I would also vote for optional "auto-trade to BTC". As a provider I don't want to do manual trading at all, so it would be great if you would add the option for "auto-trade to BTC". When leaser would pay in DOGE or LTC, you would do instant auto-trade to Crytpsy (with the Auto-Trade option "Immediate & Complete sell") and provider would receive BTC only.

A lot of coding work for little effect. There are more important things to be done before that.

[salsamoves]

DOGE payment added

Nice. It might be attractive to also include LiteCoin payments, since LiteCoin is strong again.

I would also vote for optional "auto-trade to BTC". As a provider I don't want to do manual trading at all, so it would be great if you would add the option for "auto-trade to BTC". When leaser would pay in DOGE or LTC, you would do instant auto-trade to Crytpsy (with the Auto-Trade option "Immediate & Complete sell") and provider would receive BTC only.

you can do that yourself, just use crypsy's doge address amd set autopay

[djeZo]

DOGE payment added

Nice. It might be attractive to also include LiteCoin payments, since LiteCoin is strong again.

I would also vote for optional "auto-trade to BTC". As a provider I don't want to do manual trading at all, so it would be great if you would add the option for "auto-trade to BTC". When leaser would pay in DOGE or LTC, you would do instant auto-trade to Crytpsy (with the Auto-Trade option "Immediate & Complete sell") and provider would receive BTC only.

you can do that yourself, just use crypsy's doge address amd set autopay

Yea right - totally missed that possible solution. Go on and use that and you will have BTC automatically.

[EZ Hashing]

I am seeing "HTTP Status 503 - Service Unavailable" message when trying to access leaserig.net

proxy can not connect to leaserig.net

is it just me or is the site down?

[djeZo]

There was a server error. Few hours of stats were lost. Sorry about that - you will have to explain customers that stats are outdated.

[mattbigblue]

Doge is not so good option cause:

1. Before we were receiving money directly into wallet with no other fees)
2. With doge You have to exchange for BTC (pay exchange fee) + transaction fee for sending BTC from exchange to wallet so rewards will be even lower atm + price volatility risk (even with auto-trade)

[djeZo]

Doge is not so good option cause:

1. Before we were receiving money directly into wallet with no other fees)
2. With doge You have to exchange for BTC (pay exchange fee) + transaction fee for sending BTC from exchange to wallet so rewards will be even lower atm + price volatility risk (even with auto-trade)

1. It is your choice whether to accept DOGE or not.
2. You should gather several DOGE payments together - that way transaction fee is minimal.

[mattbigblue]

Doge is not so good option cause:

1. Before we were receiving money directly into wallet with no other fees)
2. With doge You have to exchange for BTC (pay exchange fee) + transaction fee for sending BTC from exchange to wallet so rewards will be even lower atm + price volatility risk (even with auto-trade)

1. It is your choice whether to accept DOGE or not.
2. You should gather several DOGE payments together - that way transaction fee is minimal.

1. But it's more profitable option for customers to pay in DOGE thus we are kind of "forced" to accept it.
2. By stacking up DOGE, risk of price volatility is bigger.

Not attacking You, just saying that's this changes are good for customers, not so good for rig providers. I completly understand You, cause atm there is more rig providers than people renting rigs.

[salsamoves]

Doge is not so good option cause:

1. Before we were receiving money directly into wallet with no other fees)
2. With doge You have to exchange for BTC (pay exchange fee) + transaction fee for sending BTC from exchange to wallet so rewards will be even lower atm + price volatility risk (even with auto-trade)

1. It is your choice whether to accept DOGE or not.
2. You should gather several DOGE payments together - that way transaction fee is minimal.

1. But it's more profitable option for customers to pay in DOGE thus we are kind of "forced" to accept it.
2. By stacking up DOGE, risk of price volatility is bigger.

Not attacking You, just saying that's this changes are good for customers, not so good for rig providers. I completly understand You, cause atm there is more rig providers than people renting rigs.

So i think you limit your exposure if you change doge straight away but dont transfer btc out of cryptsy till its worth it.
Its never bad to have some btc in various places anyway.
why is it better for customers to pay in doge?

[hutnik]

Maybe because a lot of people are autoselling anything on cryptsy, cryptsy don't have such good rate.
I'd happily accept doge, because there are also other exchanges.

[salsamoves]

Maybe because a lot of people are autoselling anything on cryptsy, cryptsy don't have such good rate.
I'd happily accept doge, because there are also other exchanges.

whats your favorite exchange for doge?
cryptsy charges
Our fees for market trades are 0.2% for buys and 0.3% for sells.
but as we are always buying one thing and selling another, is that .5%?   
so on a charge of    1872.52941176 DOGE   for 3 hour  rental the fee was 0.000007700 BTC   
and i got 0.00255767, so thats about 0.3%!
take that to a day 0.000061568 out of 0.020522
or 0.003 out of every btc. so less than $2 per $600? and how long does it take to get to 1btc?
that isnt too bad for the advantage of giving the customer more ways to pay. Its like taking a visa card! especially as we have been slashing our prices to keep up with the joneses.....

[djeZo]

To the person renting my rig, Bob, my apologies for the outage.  For some odd reason, the LRP changed the pool to localhost (itself) and the miner stopped mining since there was obviously no real pool to mine from.  It was down for about 2.5 hours and I added three to the rental and sent you an e-mail.

Unfortunately, I have no way to put your pools back since there is no history available to me for that.

UPDATE: LeaseRig.net from now on checks the pools and forces them back in case they are changed off the site (this is only enabled during rental period).

The algorithm for doing that is highly experimental. Let me know if you notice any issues.

djEzo, I think this change may have coincided with my issue.  Can you look up pool history (if you keep it) for my current renter and put them back?  Does LRP have a log?  If not, can you please add one, at least for pools?  Any idea how this could have spontaneously happened?

Thanks,
- Bitlynx

Hey. I discovered where is the issue with your rig. You have BOTH methods enabled! I will add this to the GUIDE - both methods should not be enabled from now on, because after server restart, pools may be taken from your cgminer API - and there are usually local IPs. Just terminate support for method B and you will be good to go.

[djeZo]

Maybe because a lot of people are autoselling anything on cryptsy, cryptsy don't have such good rate.
I'd happily accept doge, because there are also other exchanges.

whats your favorite exchange for doge?
cryptsy charges
Our fees for market trades are 0.2% for buys and 0.3% for sells.
but as we are always buying one thing and selling another, is that .5%?   
so on a charge of    1872.52941176 DOGE   for 3 hour  rental the fee was 0.000007700 BTC   
and i got 0.00255767, so thats about 0.3%!
take that to a day 0.000061568 out of 0.020522
or 0.003 out of every btc. so less than $2 per $600? and how long does it take to get to 1btc?
that isnt too bad for the advantage of giving the customer more ways to pay. Its like taking a visa card! especially as we have been slashing our prices to keep up with the joneses.....

Example of average 0.01 BTC transaction;

if paying with BTC, there is 0.0001 TX fee for transaction

if paying with DOGE, you pay 0.00000140 TX fee and 0.3% for exchange (0.00003) = 0.0000314

Bottom line; it is still better to accept DOGEs, at least for small transactions (up to around 0.03 BTC).