merc82
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May 07, 2014, 01:26:43 PM |
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I setup a rig on betarigs using 4 mining machines, getting about 2Mh. The cgminers on the 4 machines all read normal and steady, with expected hashes totaling 2Mh, but the client is reporting that he's getting 1-1.5Mh instead. The hash chart on the betarig site has it spiking up/down, but averages 2Mh over the last 4 hours.
Is this normal? The betarig FAQ covers how there may be fluctuations and inconsistent hashing, mostly due to whatever pool the client decides to use.
For the leasing rig sites, all the rig owner can really do is maybe provide screenshots that the miners are indeed performing at expected hashrates, or is there something I'm missing? I don't want a dissatisfied client who'd leave bad feedback.
Thanks!
If the chart average is matching your declared rate you have done your part. You can try to explain to the customer how Betarigs chart confirms your hashrate and politely suggest to try another pool. But you may decide to compensate the customer as a courtesy anyway, I would give a 20% time bonus and move on, since I consider my time to be more valuable than my rig's time I agree on the value of time, which was why I stayed away from leasing, hah. Betarigs was selling the service like the rig owners were really going to be transparent, but it's not so, just like the other leasing sites. Beta is a bit more automated on switching to/from your pools, though, but I ...just don't do well communicating directly to clients. You should give miningrigrentals a shot
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Rent some Hash @ MiningRigRentals!Lease out your rig, or rent some extra hash today! Live Hashrate graphs, multiple backup pools, many algos and fast and friendly support as well
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tyknee
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May 07, 2014, 02:38:40 PM |
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First, great work! I'll be sending another donation here in a bit.
Second, what useful information could be gained by measuring multiple rig rental places? The reason to compare different multipools is to compare the effectiveness of their coin switching methodology, availability/uptime, and the effectiveness of the pool manager at maintaining the pool.
I understand comparing one RigRental place as a baseline to compare all other multipools against. Other than that, is there a reason that Mh/s rates at "RigRentalA" are going to be that much different than "RigRentalB"? Wouldn't the market equalize that? You could also just look at the previous orders for other's rigs as well (but it wouldn't be as accurate).
(I'm not trying to tell anyone else what do or criticizing others decisions. It's a genuine question.)
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suchmoon (OP)
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May 07, 2014, 02:49:53 PM |
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You should give miningrigrentals a shot It has - how shall I put it politely - a liquidity problem? X11 - Rented Rigs: 1 Scrypt is a bit better but I can't see any rental history so it's hard to gauge the demand.
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merc82
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May 07, 2014, 02:51:57 PM |
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You should give miningrigrentals a shot It has - how shall I put it politely - a liquidity problem? X11 - Rented Rigs: 1 Scrypt is a bit better but I can't see any rental history so it's hard to gauge the demand. Today is a down day it seems, we had a slew of rentals yesterday -- keep an eye on it
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Rent some Hash @ MiningRigRentals!Lease out your rig, or rent some extra hash today! Live Hashrate graphs, multiple backup pools, many algos and fast and friendly support as well
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suchmoon (OP)
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May 07, 2014, 03:13:02 PM |
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First, great work! I'll be sending another donation here in a bit.
Second, what useful information could be gained by measuring multiple rig rental places? The reason to compare different multipools is to compare the effectiveness of their coin switching methodology, availability/uptime, and the effectiveness of the pool manager at maintaining the pool.
I understand comparing one RigRental place as a baseline to compare all other multipools against. Other than that, is there a reason that Mh/s rates at "RigRentalA" are going to be that much different than "RigRentalB"? Wouldn't the market equalize that? You could also just look at the previous orders for other's rigs as well (but it wouldn't be as accurate).
(I'm not trying to tell anyone else what do or criticizing others decisions. It's a genuine question.)
Yes, there are differences between rental services, probably even more significant than between multipools. I mean for example CleverMining and WafflePool are nearly identical, and my numbers closely match their published numbers. It's not easy to gauge the effectiveness of a rental service from published numbers. The level of demand can be very different between services, and that affects how often your rig is rented and/or how low do you need to price it to get it rented. If you just look at the past rentals you wouldn't be able to see that, not easily anyway. There is also a difference in how quickly each service reacts to a spike in demand. You mention availability/uptime - that applies to rental services too. One thing to keep in mind though is that my charts reflect only one of many possible ways - and probably not the most effective - to use these rental services. As I mention in the OP I always try to rent out my rigs as quickly as possible, which means I price them low. Even if there is a pool that pays more than the current rental demand, I will still be renting out instead of switching to that pool, to make sure I can measure the rental income no matter how low it is. I'm sure there are better strategies, e.g. using a rental with a multipool backup, and pricing the rental above the multipool, or maybe combining multiple rental places could yield better results. Also choosing pricing levels (where available, e.g. LeaseRig) and rental duration also can have a significant effect on income. Then there are factors that can't be reflected on a chart, e.g. the effort required to maintain the rigs for rent. The charts won't - and aren't supposed to - give you a complete picture, but hopefully will provide an incentive to check out some of the options. Thank you for your support.
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suchmoon (OP)
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May 07, 2014, 04:28:02 PM |
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No major changes today. Nicehash banned me which hopefully will be sorted out by tomorrow otherwise I won't be able to report their numbers anymore.
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zneww
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May 07, 2014, 10:59:38 PM |
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No major changes today. Nicehash banned me which hopefully will be sorted out by tomorrow otherwise I won't be able to report their numbers anymore. wow lol...quality.
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klintay
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Value will be measured in sats
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May 08, 2014, 01:36:56 AM |
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that's just tip of the iceberg... watch the difficulty go batshit crazy once A2 germinator floods the market... i think this month of May alone we should see 50% jump.. based on my wild estimates (no of vendors x no of asics in stock based on their websites) there'll be at least 50gh worth of scrypt mining asic dumped on the market this month alone... No major changes to the charts today. LTC difficulty jumped another 17%.
hmmm the question is will price move up to compensate.... That would be sweet
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suchmoon (OP)
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May 08, 2014, 02:04:31 AM |
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that's just tip of the iceberg... watch the difficulty go batshit crazy once A2 germinator floods the market... i think this month of May alone we should see 50% jump.. based on my wild estimates (no of vendors x no of asics in stock based on their websites) there'll be at least 50gh worth of scrypt mining asic dumped on the market this month alone... No major changes to the charts today. LTC difficulty jumped another 17%.
hmmm the question is will price move up to compensate.... That would be sweet Well the difficulty has stalled, even decreased slightly today. Price (LTC/BTC) is trending lower. Calm before storm.
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jsmaze
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May 08, 2014, 07:55:04 AM |
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Where do the vertcoin pools fall? I'm trying to research into VTC, but I'm overwhelmed.
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goodluck0319
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May 08, 2014, 01:33:56 PM |
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what is the difference between coinmine.pw and clevermining or wafflepool?
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suchmoon (OP)
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May 08, 2014, 04:53:19 PM |
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No major changes today. Nicehash seems to be back to normal.
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suchmoon (OP)
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May 08, 2014, 04:56:14 PM |
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Where do the vertcoin pools fall? I'm trying to research into VTC, but I'm overwhelmed.
Pools marked with (N) mine Scrypt-N coins, including Vertcoin. I also used to have pure VTC on the charts, and even though it's not there anymore you can find historic data in the spreadsheet: https://docs.google.com/spreadsheets/d/1VOAhFX1XRizdaTp71qnYI5pRh9VIZEQ51LHuGUmxri0/pubhtml(click on Performance data tab and scroll to the right until you seen "Vertco.in" column).
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suchmoon (OP)
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May 08, 2014, 05:01:27 PM |
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what is the difference between coinmine.pw and clevermining or wafflepool?
coinmine.pw does not automatically exchange the mined coins into BTC. Which means you have to set up dozens of different coin wallets and exchange them yourself unless for some reason you would like to keep all these different coins. I tried it for a bit, and I still have it set up as my 3rd or 4th backup pool on some miners, but I just don't have the time and patience needed to deal with the exchanges.
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goodluck0319
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May 08, 2014, 05:23:24 PM |
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thanks I got another question about Mh/s/d?
do you where they get their Mh/s/d? it seems his profit is more than popular mining sites like wafflepool or CM? is their Mh/s/d correct or not?
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suchmoon (OP)
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May 08, 2014, 05:28:24 PM |
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thanks I got another question about Mh/s/d?
do you where they get their Mh/s/d? it seems his profit is more than popular mining sites like wafflepool or CM? is their Mh/s/d correct or not?
I have no idea about that, sorry. Just keep in mind that any estimates are based on a certain exchange rate, and it could go up or down by the time you actually sell the coins. In other words trading skills and luck is a big factor.
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JHammer
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May 08, 2014, 05:45:20 PM |
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Suchmoon what do you think of Nicehash overall?
Now that GAW hosted miners can run there, I been thinking about trying it..
I mainly am on Waffle. And it looks like Nicehash does about the same as WP and Clever? So not sure if worth trying..
Thanks!
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suchmoon (OP)
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May 08, 2014, 05:59:52 PM |
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Suchmoon what do you think of Nicehash overall?
Now that GAW hosted miners can run there, I been thinking about trying it..
I mainly am on Waffle. And it looks like Nicehash does about the same as WP and Clever? So not sure if worth trying..
Thanks!
Technically it should be better than WP/CM but it has had lots of issues recently. Some caused by DDOS attacks, some of their own doing. I would suggest to set it up as a primary pool and waffle as a secondary and see where that gets you. Also check their FAQ about how to set a price limit (I haven't used that myself though): https://nicehash.com/?p=faq#faqs3
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mafia
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May 08, 2014, 11:18:50 PM |
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Thanks for this! will follow this from now on
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JHammer
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May 08, 2014, 11:21:49 PM |
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Suchmoon what do you think of Nicehash overall?
Now that GAW hosted miners can run there, I been thinking about trying it..
I mainly am on Waffle. And it looks like Nicehash does about the same as WP and Clever? So not sure if worth trying..
Thanks!
Technically it should be better than WP/CM but it has had lots of issues recently. Some caused by DDOS attacks, some of their own doing. I would suggest to set it up as a primary pool and waffle as a secondary and see where that gets you. Also check their FAQ about how to set a price limit (I haven't used that myself though): https://nicehash.com/?p=faq#faqs3Thanks for that Info But I am Confused on what to set my price at.. So if I have 30 MH's I want to point to NiceHash, how do I determine what I set my p= to??? Can I see a list of orders to see what the offers are? And since I have MH's will it be something like p=0.004 Meaning I want a least 0.004 BTC per MH per day?
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