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

[ThEmporium]

 Am I missing something or are the prices too high?

 By my estimation , If we select the highest one right now (as I am writing this).

 24 hours  :  0.02320000   

 On coinwarz the most profitable coins are ;

 VertCoin      : 0.02079060
 AlphaCoin    : 0.02064853
 Franko        : 0.01936566

 And so on ,

 Is there something that I am missing with the prices?

[djeZo]

I can't get solo mining to work.

I've been downloading the wallet, editing the .conf file
Using XXLcoin to test:

listen=1
daemon=1
server=1
rpcuser=xxx
rpcpassword=xxx
rpcport=50771
rpcallowip=*
rpcconnect=127.0.0.1
port=50772
addnode=209.208.111.233
addnode=92.234.241.91
addnode=195.138.68.2151
addnode=222.215.224.169
addnode=1.193.32.73
addnode=212.50.27.21

Pointed miner to: http://[my public address here]:50771

It's not a firewall issue, not connecting even with firewall disabled.
What am I doing wrong?

Do you have router? If yes, you need to forward port 50771.

I am not sure what is rpcconnect=127.0.0.1 doing in your config, you rather remove that out.

Also, make sure you point non-LRP rigs! LRP rigs can't solo mine, because only stratum protocol is supported.

And if you have multiple rigs pointed, make sure you increase rpcthreads. Should be at least number of rigs you have, but to be safe, set it a bit higher.

[salsamoves]

 Am I missing something or are the prices too high?

 By my estimation , If we select the highest one right now (as I am writing this).

 24 hours  :  0.02320000   

 On coinwarz the most profitable coins are ;

 VertCoin      : 0.02079060
 AlphaCoin    : 0.02064853
 Franko        : 0.01936566

 And so on ,

 Is there something that I am missing with the prices?

Not quite sure what you are saying but coinwartz currently showing vertcoin as  0.006833623 BTC / day
cheapest leasrig is 0.00696296
seems cheap to rent a rig to me if you dont have to pay out for the equipment, watch it, worry about it....
Plus, Its got to be worth more to rent out the rig than mine for us to do it or we would just mine ourselves, like we do when its not rented.....

[ebliever]

 Am I missing something or are the prices too high?

 By my estimation , If we select the highest one right now (as I am writing this).

 24 hours  :  0.02320000   

 On coinwarz the most profitable coins are ;

 VertCoin      : 0.02079060
 AlphaCoin    : 0.02064853
 Franko        : 0.01936566

 And so on ,

 Is there something that I am missing with the prices?

Not quite sure what you are saying but coinwartz currently showing vertcoin as  0.006833623 BTC / day
cheapest leasrig is 0.00696296
seems cheap to rent a rig to me if you dont have to pay out for the equipment, watch it, worry about it....
Plus, Its got to be worth more to rent out the rig than mine for us to do it or we would just mine ourselves, like we do when its not rented.....

The people who are renting our rigs are, in general, people who have a special purpose for doing so, not just the general public doing random mining. The other day I had the developer for Marinecoin mining with my rig. (I searched on the coin and discovered it, VERY briefly, had a market cap above that of bitcoin. At least technically. That evaporated quickly so I didn't follow up with my own mining on it.) Another guy I had was a Ukrainian mining Crimeacoin and similar stuff, probably for political purposes of some sort. Another was a guy mining Spaincoin last Thursday, several days before it spiked. I also managed to mine a bit of it afterwards and catch part of the wave, though I held on too long and barely got out intact after investing some of my BTC stash.

Point is, these are people with "hot tips" or special insight/information, or developers looking to do a bunch of early mining and so forth. I suppose there are "regular folks" just trying things out, but I doubt they are a big proportion of the rentals.

[P2Pooler]

As a rig owner and lessor here, I too have just recently been realizing the true potential behind leasing my observing what my lessees are doing. The last several have been mining new coins right when they launch (such as 10-5). When I checked up on their pool, they had the highest hash there and much more that just my rig, so they were probably renting several rigs at the same time pointed to different workers. I realized that with the $2000 that I spent to build my rig that does 1.4MH/s, I could have rented probably 100X the hash to focus on a new coin for just a few days at launch, get at ton of it to sell when that initial pump that usually happens, then stop leasing when its over. If one was good at spotting new coins (basically speculating) I believe you could make all your leasing money back plus quite a profit. Then just wait for the next new coin, rinse and repeat. And I agree that renting a single rig to mine an established/stabilized coin probably wouldn't be very profitable, if at all. I actually rented a couple of Scrypt rigs myself the other day while mine was tied up under lease mining Scrypt-N to try mining some BTCS when it was going up and made a few bucks as an experiment. It was risky though because it was a new coin and the difficulty algorithm was jumping around and kept the pools from finding a block for about an hour until it calmed down.

Good Luck Mining!

[SlipperySlope]

It is reasonable for a rig owner to monitor the performance of the rigs being leased, but I believe that it is a conflict of interest to spy on what is being done with a leased rig.

I shall make a post in my reputation thread that I never compete with my tenants.

[djeZo]

LeaseRig.net is looking for new owner, check out here: https://bitcointalk.org/index.php?topic=525962

As for me, I am moving towards new and interesting projects 

[hutnik]

As for me, I am moving towards new and interesting projects 

What's that? :p

[mpdas108]

LeaseRig.net is looking for new owner, check out here: https://bitcointalk.org/index.php?topic=525962

As for me, I am moving towards new and interesting projects 

Well... This sucks, I highly doubt you will find somebody as dedicated as yourself.. time to see things go down-hill..

[djeZo]

LeaseRig.net is looking for new owner, check out here: https://bitcointalk.org/index.php?topic=525962

As for me, I am moving towards new and interesting projects 

Well... This sucks, I highly doubt you will find somebody as dedicated as yourself.. time to see things go down-hill..

I will try to find someone dedicated. Don't worry about that.

[miaviator]

LeaseRig.net is looking for new owner, check out here: https://bitcointalk.org/index.php?topic=525962

As for me, I am moving towards new and interesting projects 

Well... This sucks, I highly doubt you will find somebody as dedicated as yourself.. time to see things go down-hill..

I will try to find someone dedicated. Don't worry about that.

UnicornHasher

[railzand]

That would work.

[mattbigblue]

What will happen with our security deposits ?

[djeZo]

What will happen with our security deposits ?

Will be returned.

[Pustul]

I receive this email:

Your mining rig Hyperion (Scrypt-A-nFactor 2.10 MH/s) may be misconfigured, misconfigured pools were added or there is very bad connection with LeaseRig.net. Pools have not been adjusted properly! Manual pool adjustment is needed.

But I checked and the rig is mining the pool of the renter and my configuration hasn't changed. Any idea why?

[djeZo]

I receive this email:

Your mining rig Hyperion (Scrypt-A-nFactor 2.10 MH/s) may be misconfigured, misconfigured pools were added or there is very bad connection with LeaseRig.net. Pools have not been adjusted properly! Manual pool adjustment is needed.

But I checked and the rig is mining the pool of the renter and my configuration hasn't changed. Any idea why?

Just ignore it then. LeaseRig failed to adjust pools properly the first time - and it sent you the mail. The second attempt (1 minute later) was successful obviously.

[Pustul]

Ok, thanks for the reply

[rorbit]

I'm getting a cgminer error if the leaser's pool is dead:

"No servers could be used! Exiting."

cgminer then shuts down.

Should it not revert to my pool if the leaser hasn't configured a secondary pool?

[mpdas108]

I'm getting a cgminer error if the leaser's pool is dead:

"No servers could be used! Exiting."

cgminer then shuts down.

Should it not revert to my pool if the leaser hasn't configured a secondary pool?

I have run into this problem multiple times, and I have had to add my own pool as back-up for those renters that aren't smart enough to add a back-up pool, of course I inform them ahead of time by e-mail I am doing this, and for them to add their own back-up pool and subsequently remove mine..

[mpdas108]

And by the way Im not so giving as to refund BTC for their negligence in not adding a second pool..