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Author Topic: Renting your Mining Rig - Status: no more contracts available  (Read 1167 times)
urstroyer
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October 03, 2011, 01:12:58 PM
 #1

Greetings,

i'am looking to buy some of your hashpower and willing to pay 0.00003400 BTC per Share.

Status: no more contracts available

Available Contracts:
https://docs.google.com/spreadsheet/ccc?key=0ApdMWMq4VC7cdDltb3ZRb0FEeWN4U204eElYWnAwRlE&hl=de

JSON API to monitor your contract live stats:
http://yourbtc.net/api_contract.php

If you are interested, send me a PM with the ID of the Contract you are interested in.

Rules:
* Mining will happen on my own pool, you don't have to register, i will send you details on how to connect your miner.
* Each contract expires either when the amount of shares are done or the contract expires over time.
* I'am willing to pay +10% of the amount shares per contract, so you will be safe to switch or stop your miners, as soon as the contract expires.
* I will pay even for invalid shares, if your miner reaches the average efficiency of the pool. If your efficiency is lower, this amount invalid shares won't be payed.
* Payment will be done each 20% of total shares. Here is an example: on 1,000,000 shares you will receive 5 payments each 200,000 shares.
* Progress will be tracked once a day and updated in the upper Google Docs sheet.
* Please set up your own backup pool, if my pool won't be available. I will try to keep the availability > 99%. I won't pay for any share in your back pools.

Hope to hear from you soon.

Chris

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deslok
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October 03, 2011, 04:50:32 PM
 #2

I like the idea, but the math doesn't work at 0.00003400 per share i lose money

"If we don't hang together, by Heavens we shall hang separately." - Benjamin Franklin

If you found that funny or something i said useful i always appreciate spare change
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bitfoo
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October 04, 2011, 04:27:03 AM
 #3

I like the idea, but the math doesn't work at 0.00003400 per share i lose money

How do you lose money? The current expected value per share is 0.000029597456 BTC, so you'd be getting ~15% more BTC at the current difficulty.

deslok
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October 04, 2011, 04:32:32 AM
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I like the idea, but the math doesn't work at 0.00003400 per share i lose money

How do you lose money? The current expected value per share is 0.000029597456 BTC, so you'd be getting ~15% more BTC at the current difficulty.

mining proprtinally cuttently i make just a bit over what .000034 per share would

"If we don't hang together, by Heavens we shall hang separately." - Benjamin Franklin

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bitfoo
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October 04, 2011, 04:46:01 AM
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mining proprtinally cuttently i make just a bit over what .000034 per share would

I don't see how that's possible - it should average out to the expected value in the long term. Unless you're pool-hopping the proportional pools...

urstroyer
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October 04, 2011, 02:37:11 PM
 #6

Added some more contracts with a lower volume of shares, these should be attractive, if you run small rigs.

If you have any doubts, i can offer to payout in even smaller intervals than 20% shifts.

urstroyer
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October 04, 2011, 03:06:53 PM
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mining proprtinally cuttently i make just a bit over what .000034 per share would

I don't see how that's possible - it should average out to the expected value in the long term. Unless you're pool-hopping the proportional pools...

I think such a contract could be a perfect match if you use Pool Hopping tools. If your expected value per share is lower, switch to the contract.

Since nobody is forced to finish the contract, you can only win.

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October 04, 2011, 05:46:57 PM
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mining proprtinally cuttently i make just a bit over what .000034 per share would

Where do you mine?
urstroyer
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October 05, 2011, 06:21:30 AM
 #9

The old API does a reset each new block, so it's somekind of worthless Smiley

Just added a special API to show the lifetime shares for each contract: http://yourbtc.net/api_contract.php

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