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Author Topic: Send/rent us your SHA256 hashrate and get 10% more daily - No fees/variance  (Read 142 times)
commonrefrain (OP)
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October 08, 2018, 05:43:06 AM
Last edit: October 08, 2018, 05:54:03 AM by commonrefrain
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We are doing a long-term load testing on a Bitcoin Core (BTC) pool+trading system and looking to pay miners to rent their hashrate to us. This rental call is valid till 31 Dec 2018. Thereafter there is a 5% Bonus payout instead of 10%.

Payout will be done daily at 0000-1200 UTC with a minimum of 0.01 BTC and the payout will have a 10% bonus applied on top of current normalised Bitcoin Core(BTC) miner returns. Currently as of 8 Oct 2018 its 0.00003373 BTC/TH/Day (will change at each BTC network Diff update). We don't take miner tx fees into consideration only because it's hard to fix a rate, currently about 1-1.5%.

There are no additional fees etc, just apply a 10% on top of that rate 0.00003373*10% = 0.0000371 BTC. Thus for every 1TH you rent to us, we will pay you 0.0000371 BTC/Day. Note this amount will change each time BTC network diff changes.

As a summary compared to mining at a pool.
- No fees so you save 1-2% off the bat.
- Daily payout regardless of luck (no variance), since you are renting your hashrate.
- Get an additional 10% BTC when you get your payout.

Thus by renting your hashrate to us, you know that you are mining BTC, helping to decentralise the network (we are not one of the big pools) and getting returns above any most other mining methods since there are no fees and you get 10% bonus.

There are a few technical requirements.
1. The connection has to be done directly from machine/miner to our stratum server. Proxies or rentals like Nicehash/MRR are not recommended.
2. Each connection (aka machine) has to be >1TH and <100TH (you can have many machines)
3. Your connection should be stable and fairly fast (eg worldwide ping time of < 300ms).
3. ASIC Boost overt/covert is not supported at the moment.
4. Only ASIC machines are allowed, not GPU or CPU miners.
5. Minimal ramp-up time as we count based on your hashrate registered to our servers.

About us.
1. We want to rent hashrate as it allows us to control who comes into our network.
2. We have 4 stratum server regions that will be automatically routed by latency.
3. Highly stable and load balanced servers with our own managed highly connected bitcoin nodes.
4. No mining of empty blocks.
5. We are based in Sunny Singapore.
6. No merge mining or switching of coins, this is purely a BTC mining rental.

What you need to know to get started.
1. To indicate your interest, do ping me on DM here to give you more information (provide: hashrate, location of miners, model of miners, email)
2. A simple dashboard will be provided to show hashrate and payouts (current and historical)
3. This arrangement will be similar to the rental of your hashrate, however, you are not bound but contract and can cancel the rental at any time.
4. The backend is simple and basic so don't expect this to be a full-fledged pool portal, we just pay for your actual hashrate sent to us + bonus.

This may sound a little like a scam with the 10% bonus, but it really isn't. There is no way we can withhold blocks etc. here as we simply pay for your hashrate and it's not based on our finding a block. We are honestly just trying to purchase SHA256 hashrate in the open market instead of doing it through one of the rental services as we do not want to go through a proxy. We can only encourage you to try it out and give necessary feedback. If it is thrash or a scam feel free to bash us up here so we can keep it real.

Lastly, the only reason why we are being vague right now on this post is that we have existing miners sending their hashrate to us and there are different incentives running and this is one of the best as we want to purchase hashrate directly.
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