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Author Topic: [ANN] BETARIGS.COM - Cryptocurrency cloud mining - thousands of rigs available!  (Read 196084 times)
carly200
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March 07, 2014, 04:45:39 PM
 #1261

is betarigs advertising for cloud mining or just to us rig owners? I mean they are taking fees ;-)

I don't see them on other scrypt forums....
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ycsi
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March 07, 2014, 04:50:31 PM
 #1262

is betarigs advertising for cloud mining or just to us rig owners? I mean they are taking fees ;-)

I don't see them on other scrypt forums....

That is what I was discussing with Mux few weeks ago, there has to be a way to generate more demand. Any suggestion how to do this?
litecoin123
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March 07, 2014, 05:02:22 PM
 #1263

Renting is really cheap at the moment but i think it is still profitable for leaser. I've just rented my small rig with 760kh/s for 7 days for 0.0084 BTC/day. Very cheap but this is still 0.25LTC per day. If i would mine at give-me-coins i would probably mine about 0.15-0.2LTC per day. Lousy profit since i've paid almost 900EUR for the rig and now you can rent it for so cheap but i dont have time to mine alts... any alternatives?

i think that renting is so cheap atm because mining is not so profitalbe for renter neather. Prices for alts are going down and more and more LTC script ASIC miners appearing so the difficulty is rising and GPU mining is less and less profitable, unfortunately  Sad

Most of new guys (new to Betarigs) are missing an important point: the current demand for scrypt miners sits at 1.6-18Gh/s for many days now. All renters that are paying today 0.008BTC/M/day were happily renting a few days ago at 0.012-0.015BTC/day.

By lowering the price, you just devalue yourself, while you're not increasing the demand. In other words, if it weren't for newcomers who position themselves on price alone, more of us would be renting out our rigs. So your logic that you are making more at betarigs than somewhere else is a bit flawed, because you could be making even more here if you priced it higher.

Don't get me wrong, I'm seeing this kind of behaviour every day, but in real life you have the choice to either deal with a cheap amateur, or with a professional. Betarigs as a marketplace is unable to effectively provide that distinction.

Just for the reference, one of my rigs was rented for over 500 hours at the Betarigs - but not at current prices.

I agree, they were happily renting few days ago at 0.012-0.015BTC/day BUT the demand stayed the same while new leasers where coming and coming so it is logical that the price will go down. That's how the market works, i quess  Tongue
OnTheMF
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March 07, 2014, 07:30:36 PM
 #1264

The service needs quite a bit of work (I guess that's why it's still in beta). It's a neat idea though. The biggest issue I've found is that overall between the scammers and the idiots who can't run their own rigs I end up getting around 80% of the actual hashes I've paid for. I've been renting 200-300MH over the last day or so. Once you factor in how much MH you actually end up with though it's not worth it at all. Which is a shame, because for the honest 80% of rig operators this is a good service where everyone can win and profit.


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Cryptus
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March 07, 2014, 08:09:35 PM
 #1265


By lowering the price, you just devalue yourself, while you're not increasing the demand. In other words, if it weren't for newcomers who position themselves on price alone, more of us would be renting out our rigs. So your logic that you are making more at betarigs than somewhere else is a bit flawed, because you could be making even more here if you priced it higher.
yeah, price fixing on betarigs...

I dont understand all this grumbling about prices here - are you able to earn more using your rig then leasing it? Great, so you can earn much more by renting all these cheap rigs! What am I missing here? It's a damn free market!
carly200
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March 08, 2014, 12:56:59 AM
 #1266

An issue that has to be taken care of is the "renting and not paying" problem.

maybe a user who is not paying should get a 10% fine on his next rent....
or a 1 BTC deposit is necessary before renting....

I get several of those a day and I really don't like it...!
Biggen
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March 08, 2014, 01:16:24 AM
 #1267

An issue that has to be taken care of is the "renting and not paying" problem.

maybe a user who is not paying should get a 10% fine on his next rent....
or a 1 BTC deposit is necessary before renting....

I get several of those a day and I really don't like it...!

Wait, I assumed that payment had to be secured (and held by BetaRigs) BEFORE the client was allowed to rent a rig.  Is this not correct?
carly200
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March 08, 2014, 01:37:45 AM
 #1268

An issue that has to be taken care of is the "renting and not paying" problem.

maybe a user who is not paying should get a 10% fine on his next rent....
or a 1 BTC deposit is necessary before renting....

I get several of those a day and I really don't like it...!

Wait, I assumed that payment had to be secured (and held by BetaRigs) BEFORE the client was allowed to rent a rig.  Is this not correct?

incorrect...

you register an account, you click on rent... a second time that you are willing to pay... thats it...

Biggen
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March 08, 2014, 02:02:48 AM
 #1269


incorrect...

you register an account, you click on rent... a second time that you are willing to pay... thats it...


That doesn't make any sense.  The FAQ says this:

Quote
When do I get paid?
24 hours after the end of the rental.

Your renter has paid the full amount to Betarigs before the rental began, and if the mining job was done correctly (basically your rig was online during the whole rental), the payment will be transfered to you 24 hours after the end of the rental period. This 24 hours delay is to give time to your customer to file a ticket if he wants to claim a refund.

Note: If your customer indeed submitted a ticket claiming your rig was offline, payment for this rental will be put in hold until the ticket is processed.

Edit: Oh, I see what is happening.  They are clicking "Rent" and then they have to actually forward the BTC to Betarigs.  During this time, your rig is "locked out" waiting on payment so if they fail to do so, you are stuck in limbo.

Again, I'm new, but I think the simplest solution to this problem is that you have to actually forward BTC to Betarigs BEFORE you are allowed to rent a rig.  So, if you have a zero account balance with Betarigs, you cannot rent.  This would take care of the problem of people attempting to rent rigs but not following through on payment.
azhago
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March 08, 2014, 08:33:23 PM
 #1270

Hi!
I'm looking for someone who can rentme 2 to 5 MHs (scrypt), but with another cgminer (an algo) than scrypt, keccak or nfactor. (will consume 1/3 to 1/2 less power!)
Miner : https://bitcointalk.org/index.php?topic=475795.0;all
I'm ready to rent for 1,2 or 3 days.

It of course can be done through betarig (for the security of both)

PM me for detail and/or proposal

SnowLeopard
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March 09, 2014, 06:11:08 AM
 #1271

Great service!

BTW, you shouldn't claim payments are faster with Coinbase when they are actually much much longer to confirm.   Roll Eyes
If the rig owner only sees Rented - Waiting payment... without the Waiting 1 confirmation... that the renter sees, no wonder some are annoyed at alleged deadbeat renters!
hamm3r
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March 09, 2014, 10:53:13 AM
 #1272

Edit-

Nvm.. Nice stuff, Betarigs Smiley)
turner3d
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March 10, 2014, 08:45:19 PM
 #1273

I released a patch last week to get rid of the "JSON inval data" and "JSON key 'xxx' not found" error messages in your log window while you're waiting for your rig to be rented. These were just patches to the source code which, of course, needed to be compiled to work.

By popular demand, I have compiled Windows versions of the "big 3" mining packages with the Betarigs fix intact and uploaded them into a single tidy package at https://app.box.com/s/gkgzbkpt0a7e97vj5ej9 - included are the following miners:
  • cgminer 3.7.2
  • cgminer 3.7.3 (kalroth)
  • sgminer 4.1.0

Each zip contains all of the files needed for a stand-alone installation, but you should be able to just copy the .exe out of your version of choice and leave everything else intact.

Feeling generous?
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guitarplinker
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March 11, 2014, 12:52:36 AM
 #1274

Does anyone have CUDAMiner working with BetaRigs? I can't seem to get mine to work correctly. Using CUDAMiner, the miner doesn't seem to work with the http:// protocol. Any advice?
ceslick
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March 11, 2014, 01:00:15 AM
 #1275

Thanks turner3d, will give it a go tonight  Smiley

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zoonosis
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March 11, 2014, 08:44:15 AM
 #1276

Just a shout out to mux and co.
Thanks for the last month or so but im out.
Prices have dropped too much and I can't even cover electricity so Im out.
If prices pick up again ill be back.
Cya guys.
Biggen
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March 11, 2014, 02:02:56 PM
 #1277

There are some desperate people running rigs on BetaRigs now.  There is some moron with with a 50Mh/s scrypt farm renting for .0075BTC/Day.

And there are tons of people in the mid .0080's.  I'd rather run it myself on a profit switcher than to give it away. 
dArkjON
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March 11, 2014, 02:30:00 PM
 #1278

Great Service !

But i have an issues and maybe someone can help or have the same problem....

Ive 2 Rigs with a combine Power of 3,4 mh/s.
If i use the Betarigs Server i only have 3,05 mh/s on my Pool.

This is a Power lose off 10%...

Im alone with the Problem or anybody else ?

sgrimmett
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March 11, 2014, 02:42:31 PM
 #1279

There are some desperate people running rigs on BetaRigs now.  There is some moron with with a 50Mh/s scrypt farm renting for .0075BTC/Day.

And there are tons of people in the mid .0080's.  I'd rather run it myself on a profit switcher than to give it away. 

I think people running rigs on Betarigs are actually following the market to ensure they may out their profits for the rig investment. Right now, profit switchers are running less than 0.007 on average right now...  there is the odd day spike from that.  So, I think what you are seeing is that there are people who find that rending at 0.007-0.008 on betarigs is more profitable than mining themselves.  As profit switcher pools start to increase back up in earnings (if), then it stands to reason betarigs pricing will follow.  Betarigs pricing has never gone below profit switchers to date from what I have noticed.

http://poolpicker.eu/text.php

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ajareselde
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March 11, 2014, 04:42:16 PM
 #1280

my rig keeps getting rented and no payment recieved, then rental canceled and again rented but not paying, canceled etc etc etc
for the love of god put something so that this doesnt happen anymore.

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