[Official] Cryptsy News **Ripple added 132 Ripple Markets now active**

[BitJohn]

I compared some numbers its about in the middle if you were going to go out and buy your own ASIC. Figure 70 dollars ish for 10 GH's for a mining contract on Cryptsy. BFL is selling Jalapenos at 10Gh's for $349 dollars (which consumes electricity and time). A block erupter goes for about $30 for a Gigahash. Where if you had the 10 grand to drop on a mega rig you would save some. Cool part is with these when your done you can always sell the shares to another with little hassle.

Well, this is all good.  For me, this is type of mining.  Easy to buy, easy to sell.  Any chance that you will coin-hop and sell for BTC?

Currently its all SHA mining so its all BTC. I wish it was a GH of scrypt!

Certainly you're aware of this but check this out at coinwarz:

http://www.coinwarz.com/cryptocurrency/?sha256hr=10000&sha256p=100.00&sha256pc=0.1000&scrypthr=1000.00&scryptp=500.00&scryptpc=0.1000&scryptnhr=450.00&scryptnp=500.00&scryptnpc=0.1000&sha256c=true&scryptc=false&e=Coinbase

Your not interested in the USD equivalent but the profitability is the same.  It has been a very long hope/dream of mine that an exchange would open a mining pool.  What you are doing is one better.  You already have all of the wallets installed and maintained.  Just point your hash farm to the most profitable coin and you can instantly sell those coins on your very own sell book!

Buy out coinwarz and integrate their system into cryptsy and you would be unstoppable.

I am aware. Id also note with the contracts once they are tradeable you can settle into generating coin vs trading to shelter yourself at times. Overall we feel its a great addition.

[Hollowman338]

withdrawn

[BitJohn]

Great response on the Mining contracts! Over 53% sold in less than 24 hours.

Mining Contract 1 Description

Bitcoin Mining Contract #1
This is our first issuance of mining contracts for Bitcoin with a total hashing power of 10Th/s.

What is a mining contract?
For this offering, we have 10 Th/s of hashing power dedicated to mining bitcoin which is part of a much larger network of hashing power. This means more consistent payouts of blocks mined. Every day, users who own shares of this will receive 1/10000 of the payout for each share owned. Users can buy any number of shares available (each share represents 1 Gh/s of hashing power). These are lifetime shares, which mean they never expire.

How much do I get paid and when?
The 10Th/s total hashing power is part of a network of over 1 Ph/s. On a daily basis we calculate and distribute to users who have shares of this contract 1/10000 of the total contract payout to each of the shares. If you own 100 shares, then you will receive 1/100 of the total contract payout.

Can I sell my shares?
Yes, once the initial allocation of 10,000 shares are sold we will open the market to allow anybody to buy and sell their shares.

Who is providing the mining?
Currently the provider has asked us not to disclose this information. You can be assured that we would not do business with anybody who is less than reputable.

What is a lifetime contract?
This means that it isn't a term agreeement like 1 year. You could continue to hold these for multiple years. There will, however, come a time where Bitcoin difficulty has risen to a level where 10 Th/s is no longer producing very many dividends. We anticipate a full rate of return within 12 months or less with shares still having value at that point.

Mining Contract 1 Specifications

10 Th/s Total Mining Power
Lifetime Contract - Payouts on this contract never end
Available in increments of 1 Gh/s
Total Shares Available: 10,000
Initial Price: 0.0185 BTC Each
No Trade Fees Until Initial 10,000 Shares have been disbursed
Daily Mining Payouts Directly To Your Cryptsy Balance

[BitJohn]

Cryptsy Chat Box has returned enjoy!

[musician]

Simple question:

what makes Cryptsy to decide not to put a new coin in the voting system?

[BitJohn]

Simple question:

what makes Cryptsy to decide not to put a new coin in the voting system?

We will add any coin requested but its a manual process at the moment. We will streamline it so they get on the list faster.

[musician]

Simple question:

what makes Cryptsy to decide not to put a new coin in the voting system?

We will add any coin requested but its a manual process at the moment. We will streamline it so they get on the list faster.

Pesetacoin has been asked at least 3 times, plus there is a big post in your forum about adding it, and never a reply was given.

[SpeedDemon13]

Cryptsy Chat Box has returned enjoy!

Oh lord, here comes Sp*****k flaming again and others....LOL

When are the fiat markets coming online?

[Wolf Rainer]

When will be available the USD market?

[BitJohn]

Simple question:

what makes Cryptsy to decide not to put a new coin in the voting system?

We will add any coin requested but its a manual process at the moment. We will streamline it so they get on the list faster.

Pesetacoin has been asked at least 3 times, plus there is a big post in your forum about adding it, and never a reply was given.

It is on the voting list.

[muddafudda]

Why has Cryptsy not issued a new ssl cert?

[xbudahx]

LYC deposits have been down for days, any news?

[tecnopollo]

for when we have PTC on cryptsy?
 

[Hollowman338]

Cryptsy made good on MRY.  Comments withdrawn.

[Spoetnik]

Cryptsy Chat Box has returned enjoy!

Oh lord, here comes Sp*****k flaming again and others....LOL

When are the fiat markets coming online?

I have never flamed anyone before but i have been terrorized by a guy for one year who punches me in the face then runs for it
and then lies and says i hit him first then tries to rally everyone after me like i am so monster sitting around picking on people for no reason.

your comment is vicious and offensive and pure bs and that is way worse than even if i was trolling.
it's childish to go out of you way to attack someone.. was i here on this topic saying anything about you ?

what a surprise i have criticized coins for ages like a bunch of other people and some how that makes me a monster..
Big surprise.. people that make and support scam coins think i am a Troll
if that's the case there is lots more

and i appreciate what BitJohn did (adding back chat) but honestly i won't get much use from it these days.. the bar has been lowered way too far in the Altcoin scene.
so no i don't want to talk to scam coin supporters.. you guys can circle jerk it with it me lol

The troll you should be worried about is iGotSpots..
after all he admitted to me when i asked why he has followed me around Trolling on me for almost a year and he said "because it's fun".
Real professional coin dev Troll there lol
he spent all his time trying to make me look bad on Chat and rallied people against me constantly through any means necessary and people bought what ever he sold..

[musician]

Simple question:

what makes Cryptsy to decide not to put a new coin in the voting system?

We will add any coin requested but its a manual process at the moment. We will streamline it so they get on the list faster.

Pesetacoin has been asked at least 3 times, plus there is a big post in your forum about adding it, and never a reply was given.

It is on the voting list.

Thank you for adding it

[JakeThePanda]

Hi BitJohn,

Can you please add NoirShares (NRS) to the voting list?  Thanks.

[BitJohn]

Cryptsy now carries Fluttercoin (FLT). Welcome Fluttercoin miners and traders!

Cryptsy now has BC/LTC market enjoy!

[BitJohn]

Ill get you fixed. PM'd you.

[CryptsyJim]

Pool Minor,  
Within the context of all notes spoken, it appeared to me that you were calling the new Cryptsy Facebook a scam.  
If this were not your intentions, then I sincerely apologize. We have removed the ban.


Cryptsy Jim