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Question: I would purchase mining time with...
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Author Topic: GPUMAX | The Bitcoin Mining Marketplace  (Read 200503 times)
OgNasty
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March 12, 2012, 11:52:45 PM
 #1061

how are you guys keeping track?

I blindly trust a pirate.  What could go wrong? 

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boozer
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March 13, 2012, 05:43:00 AM
 #1062

What stale/reject rate should we expect on GPUMAX?
rjk
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March 13, 2012, 05:44:21 AM
 #1063

What stale/reject rate should we expect on GPUMAX?
Over 9000.

No seriously, it will be way higher than usual, but the extra payout usually makes it worth it.

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March 13, 2012, 05:51:16 AM
 #1064

how are you guys keeping track?

I blindly trust a pirate.  What could go wrong? 

He could pay you too much...

boozer
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March 13, 2012, 01:26:32 PM
 #1065

What stale/reject rate should we expect on GPUMAX?
Over 9000.

No seriously, it will be way higher than usual, but the extra payout usually makes it worth it.

Thanks!  I thought I read that earlier, and the payout does make it worth it... I just wanted to be sure I should expect higher than normal stales/rejects. 
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March 13, 2012, 02:13:26 PM
 #1066

how are you guys keeping track?

I blindly trust a pirate.  What could go wrong? 

+1 lol. I blindly trust pirate as well and have no idea if I got double paid or only 1/2 paid. I'm sure it will all work out whatever happens:)

I am trusting him as well. Then again, the numbers look right for my small operation.

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March 13, 2012, 03:49:13 PM
 #1067

I just look at the payment from GPUMax + the 24 hr estimate from deepbit.  My "calculated" earnings should be .97 BTC, and so far, since beginning to use GPUMax, my combined earnings from the two has always been over 1 BTC.

I'm happy.  Wink
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March 13, 2012, 11:13:45 PM
 #1068

Bad batch of work? I'm getting numerous work queues empty messages and server disconnection messages...
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March 14, 2012, 04:39:54 PM
 #1069

Bad batch of work? I'm getting numerous work queues empty messages and server disconnection messages...

Same here, seems to have resolved over night though.. I had to restart some of my Phoenix miners, Diablo seems to have recovered on it's own. Was getting about 2:1 rejects:accepted and GPU usage was all over the board for a while yesterday.

EDIT: Now it seems like there just isn't any leased work available Cry all work is being pointed to my 'offline' pool. Perhaps it would be a good idea to slow new miner invites until the miner:leaser ratio is a bit more balanced?
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March 14, 2012, 07:32:35 PM
 #1070

EDIT: Now it seems like there just isn't any leased work available Cry all work is being pointed to my 'offline' pool. Perhaps it would be a good idea to slow new miner invites until the miner:leaser ratio is a bit more balanced?

I've noticed that avaliable lease work has been light for the past week or so.  I'm wondering if the fixed lease price for purchasers may need to be adjusted down a bit to accomidate the current difficulty?

Sigg

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pirateat40
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March 14, 2012, 07:35:53 PM
 #1071

EDIT: Now it seems like there just isn't any leased work available Cry all work is being pointed to my 'offline' pool. Perhaps it would be a good idea to slow new miner invites until the miner:leaser ratio is a bit more balanced?

I've noticed that avaliable lease work has been light for the past week or so.  I'm wondering if the fixed lease price for purchasers may need to be adjusted down a bit to accomidate the current difficulty?

Sigg

We are working on getting our additional servers online and purchases are running in-between reboots and updates.  The price is not fixed by us but set by the average price miners set for their PPS.  So if enough miners drop their price the purchase price will move with it.

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March 14, 2012, 07:41:58 PM
 #1072

EDIT: Now it seems like there just isn't any leased work available Cry all work is being pointed to my 'offline' pool. Perhaps it would be a good idea to slow new miner invites until the miner:leaser ratio is a bit more balanced?

I've noticed that avaliable lease work has been light for the past week or so.  I'm wondering if the fixed lease price for purchasers may need to be adjusted down a bit to accomidate the current difficulty?

Sigg

We are working on getting our additional servers online and purchases are running in-between reboots and updates.  The price is not fixed by us but set by the average price miners set for their PPS.  So if enough miners drop their price the purchase price will move with it.

or the opposite eh?  Grin  I think we should all try that!

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March 14, 2012, 07:43:05 PM
 #1073

EDIT: Now it seems like there just isn't any leased work available Cry all work is being pointed to my 'offline' pool. Perhaps it would be a good idea to slow new miner invites until the miner:leaser ratio is a bit more balanced?

I've noticed that avaliable lease work has been light for the past week or so.  I'm wondering if the fixed lease price for purchasers may need to be adjusted down a bit to accomidate the current difficulty?

Sigg

We are working on getting our additional servers online and purchases are running in-between reboots and updates.  The price is not fixed by us but set by the average price miners set for their PPS.  So if enough miners drop their price the purchase price will move with it.

Perhaps a "minimum pps" might work better here.  Miners set their minimum but get paid what the purchaser pays less a percentage for gpumax.  It might help with the resistance to be the first to lower your price.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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March 14, 2012, 07:55:30 PM
 #1074



I believe there has been minimal leasing work for the last couple of days, I am getting less then half of normal.

I will be able to tell if the price is lowered, because I always keep one of the miners with a low price...  so out of 18, if only 1 miner is getting leased work, I will know the the price lowered, if no miners are getting work there is no leased work to get.

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March 14, 2012, 08:30:55 PM
 #1075

Quote
Perhaps a "minimum pps" might work better here.  Miners set their minimum but get paid what the purchaser pays less a percentage for gpumax.  It might help with the resistance to be the first to lower your price.

As a seller, I could whole-heartedly get behind this.  Currently, we miners have to essentially guess what price is profitable for the purchasers.  As what they do is voodoo to us, this makes things a tad difficult.  (Lets face it, if we knew exactly what they were doing, we wouldn't be selling them our shares, we'd be using them ourselves.)

As a miner, I'll sell my shares to whoever wants to pay the most (as long as its over 100% PPS).  Let the buyers compete, and I'm sure we'd quickly reach an equilibrium where no share went unsold.

Let the buyer who bids the highest get moved to the front of the queue.

Sigg

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March 14, 2012, 08:52:29 PM
 #1076

from what i understand, gpumax sells at a set rate. if you sell lower it is gpumax that makes more, if you sell higher gpumax makes less. That is why gpumax picks the lower price as much as they can, this way they make the most profit.
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March 14, 2012, 09:06:14 PM
 #1077



I believe there has been minimal leasing work for the last couple of days, I am getting less then half of normal.

I will be able to tell if the price is lowered, because I always keep one of the miners with a low price...  so out of 18, if only 1 miner is getting leased work, I will know the the price lowered, if no miners are getting work there is no leased work to get.

I can confirm this; I have 115 MH/s worker asking 0.0003/share, which has been working offline since yesterday.

EDIT: Now it seems like there just isn't any leased work available Cry all work is being pointed to my 'offline' pool. Perhaps it would be a good idea to slow new miner invites until the miner:leaser ratio is a bit more balanced?

I've noticed that avaliable lease work has been light for the past week or so.  I'm wondering if the fixed lease price for purchasers may need to be adjusted down a bit to accomidate the current difficulty?

Sigg

We are working on getting our additional servers online and purchases are running in-between reboots and updates.  The price is not fixed by us but set by the average price miners set for their PPS.  So if enough miners drop their price the purchase price will move with it.

So it sounds like our miners are working offline mostly during this server downtime? My workers don't seem to get any more or less leased work (when leased work is available at all) when I adjust the price. Usually on I good day I'll get 90-95% of my shares leased at whatever price I ask (under .0005 of course), but these last couple days haven't provided much leased work. Looking forward to the new servers coming online though  Grin Keep up the good work pirate! I'm glad to hear there isn't a shortage of purchases too!
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March 14, 2012, 09:09:39 PM
 #1078

So it sounds like our miners are working offline mostly during this server downtime? My workers don't seem to get any more or less leased work (when leased work is available at all) when I adjust the price. Usually on I good day I'll get 90-95% of my shares leased at whatever price I ask (under .0005 of course), but these last couple days haven't provided much leased work. Looking forward to the new servers coming online though  Grin Keep up the good work pirate! I'm glad to hear there isn't a shortage of purchases too!

You contradicted yourself with the following 2 statements:

1: but these last couple days haven't provided much leased work.
2: I'm glad to hear there isn't a shortage of purchases too



--  if there is not much leased work, there is a shortage of purchases.

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March 14, 2012, 09:33:10 PM
 #1079

A purchase shortage might be created by the increasingly wide gap between estimated BTC/share and purchase price/share.  As difficulty goes up, the projected BTC/share goes down, and the potential net benefit of purchasing shares @ 0.00004 BTC each decreases.
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March 15, 2012, 12:36:37 AM
 #1080

Just give us bid/ask and everyone will be happy!

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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