Bitcoin Forum
December 09, 2016, 09:41:24 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Poll
Question: I would purchase mining time with...
BTC - 231 (57.6%)
MTGOXUSD Codes - 31 (7.7%)
Credit Card - 112 (27.9%)
Other e-currency (ie. Dwolla, Paxum) - 27 (6.7%)
Total Voters: 399

Pages: « 1 ... 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 [60] 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 ... 131 »
  Print  
Author Topic: GPUMAX | The Bitcoin Mining Marketplace  (Read 200383 times)
siggy
Full Member
***
Offline Offline

Activity: 235



View Profile
March 26, 2012, 06:12:46 PM
 #1181

I think we all need to come to terms with the fact that when a pay per share pool is giving .00003337, we probably aren't going to find buyers at .000055, which is why I've lowered my asking price.  Because the purchase price is still sitting at .000055 per share, I guess I'm the only one, and it is little wonder why people are unwilling to pay a 64% premium on a few minutes worth of 300 GH/s bragging rights.

This is why I really believe we are currently doing things backwards.  The pricing power should be turned over to the buyers.  Only they know where it is profitable for them to purchase shares.  Let them compete to purchase shares, and we would see near 100% utilization of public shares.   I'd much rather get 100% of .000045 than the current 10% of .00005.

Currently, if a miner sets a low minimum, they currently get _only_ that minimum, no matter what the actual sell price is.  While this is Great for Pirate, that leaves no incentive for a miner to set their price at anything less than .00005.

At the very least, let us set an absolute minimum, but give us the actual sell price minus a flat 10% fee.

And yes, I have set my measly 5 Ghash at many veried prices between .000035 and .00005 and never, afterwards, have I seen the purchase price at anything but .000055. 

Sigg

I am Pentium of Borg. Division is futile. You will be approximated.
1481319684
Hero Member
*
Offline Offline

Posts: 1481319684

View Profile Personal Message (Offline)

Ignore
1481319684
Reply with quote  #2

1481319684
Report to moderator
1481319684
Hero Member
*
Offline Offline

Posts: 1481319684

View Profile Personal Message (Offline)

Ignore
1481319684
Reply with quote  #2

1481319684
Report to moderator
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481319684
Hero Member
*
Offline Offline

Posts: 1481319684

View Profile Personal Message (Offline)

Ignore
1481319684
Reply with quote  #2

1481319684
Report to moderator
1481319684
Hero Member
*
Offline Offline

Posts: 1481319684

View Profile Personal Message (Offline)

Ignore
1481319684
Reply with quote  #2

1481319684
Report to moderator
1481319684
Hero Member
*
Offline Offline

Posts: 1481319684

View Profile Personal Message (Offline)

Ignore
1481319684
Reply with quote  #2

1481319684
Report to moderator
e21
Member
**
Offline Offline

Activity: 105


View Profile
March 26, 2012, 06:13:16 PM
 #1182

Update

The soon has come! We'll be migrating the system to the new cluster today.  During this time we except the system to be down for about an hour.  Due to timing the changes with our DC we don't have an exact time for the down time, so please be sure to have a fail-over set for your miners so you don't get caught with your pants down.

I'll send another message with details of the update when all system are GO.

Thanks again for your patience and support.

-pirate

Cutover to new cluster has already improved things for me! Getting less rejects/disconnects now, plus the website seems to be improved (no transaction history, or payout estimate yet though, which would be nice!)

All my work seems to be going offline though  Sad  except for once and a while, where I will get lots of leased work for a short time, then back to all offline. Pirate, are you testing purchases on the new cluster still? Any idea when the cutover/testing process will be complete, and new purchases/resulting leased-work will be available?

I think we all need to come to terms with the fact that when a pay per share pool is giving .00003337, we probably aren't going to find buyers at .000055, which is why I've lowered my asking price.  Because the purchase price is still sitting at .000055 per share, I guess I'm the only one, and it is little wonder why people are unwilling to pay a 64% premium on a few minutes worth of 300 GH/s bragging rights.

This is why I really believe we are currently doing things backwards.  The pricing power should be turned over to the buyers.  Only they know where it is profitable for them to purchase shares.  Let them compete to purchase shares, and we would see near 100% utilization of public shares.   I'd much rather get 100% of .000045 than the current 10% of .00005.

Currently, if a miner sets a low minimum, they currently get _only_ that minimum, no matter what the actual sell price is.  While this is Great for Pirate, that leaves no incentive for a miner to set their price at anything less than .00005.

At the very least, let us set an absolute minimum, but give us the actual sell price minus a flat 10% fee.

And yes, I have set my measly 5 Ghash at many veried prices between .000035 and .00005 and never, afterwards, have I seen the purchase price at anything but .000055. 

Sigg

+1
BinaryMage
Hero Member
*****
Offline Offline

Activity: 546


Ad astra.


View Profile
March 26, 2012, 06:49:01 PM
 #1183

Cutover to new cluster has already improved things for me! Getting less rejects/disconnects now, plus the website seems to be improved (no transaction history, or payout estimate yet though, which would be nice!)

All my work seems to be going offline though  Sad  except for once and a while, where I will get lots of leased work for a short time, then back to all offline. Pirate, are you testing purchases on the new cluster still? Any idea when the cutover/testing process will be complete, and new purchases/resulting leased-work will be available?

Ditto; my rejects are significantly lower. Any news on public work Pirate?

-- BinaryMage -- | OTC | PGP
DILLIGAF
Full Member
***
Offline Offline

Activity: 168



View Profile
March 27, 2012, 12:29:49 AM
 #1184

I must be getting some public shares to receive .02 btc from gpu max and the rest from my backup

In the last couple of days during the migration there were brief periods where they did the public work that is the payment you see, I also got one for those days.
hashking
Sr. Member
****
Offline Offline

Activity: 308


View Profile
March 27, 2012, 02:43:17 PM
 #1185

People might have realized that its not profitable to pay .000055 a share.  Pirate might not have any buy orders right now.  I have been on public works since yesterday at .000036.
rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
March 27, 2012, 02:46:26 PM
 #1186

People might have realized that its not profitable to pay .000055 a share.  Pirate might not have any buy orders right now.  I have been on public works since yesterday at .000036.
Guys seriously, transferring to a new server/cluster isn't an instant bang bang done thing, it usually takes a bit to optimize. Setting your price to something retardedly low like that will only make it impossible for everyone else to have theirs high. The reason you aren't getting leased shares isn't because you are charging too much, it's cause leased purchases likely aren't happening right now.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
minero1
Full Member
***
Offline Offline

Activity: 145



View Profile
March 27, 2012, 02:48:06 PM
 #1187

i'm getting a bit of public work at 0.000042
JWU42
Legendary
*
Online Online

Activity: 1484


View Profile
March 27, 2012, 02:49:19 PM
 #1188

It isn't a price issue right now as rjk said...

GPG PubKey | THREEMA | OTC | HeatWare | 1JWU42QLGFESoQCC4iPzUDTRiC9nx5bi95
michaelmclees
Hero Member
*****
Offline Offline

Activity: 629


View Profile
March 27, 2012, 02:57:37 PM
 #1189

It isn't a price issue right now as rjk said...

I thought that Pirate said earlier that price is the result of some function and asking prices on miners' parts.
rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
March 27, 2012, 03:38:25 PM
 #1190

It isn't a price issue right now as rjk said...

I thought that Pirate said earlier that price is the result of some function and asking prices on miners' parts.
The price paid for rented power is a function of how much the miners are asking to be paid. If the ask is too low, then the buyers pay less, and everyone makes less. If people keep asking 0.00003, then the buyers will only be paying 0.000035 or 0.00004, and those that are asking 0.00005 or 0.00006 won't be paid at all.

If you want the buyers to pay 0.000055 or 0.00006 or whatever, you can't set your price at 0.00003, it just won't work. I guess it's a little harder for people to figure out since there are no fancy charts of the bid/ask and also since bid/ask functionality is severely castrated in the current software's form.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
pirateat40
Avast Ye!
Sr. Member
****
Offline Offline

Activity: 378


"Yes I am a pirate, 200 years too late."


View Profile WWW
March 27, 2012, 03:38:57 PM
 #1191

Update

After a problematic migration we're now ready to fire back up the system and throw everything we can at it.

It's now time to get back to inviting.  To those that have patiently waited on the waiting list, I'm sorry for the delays and hope it will be worth the wait. Smiley

Enjoy,

imsaguy
General failure and former
VIP
Hero Member
*
Offline Offline

Activity: 574

Don't send me a pm unless you gpg encrypt it.


View Profile WWW
March 27, 2012, 03:41:58 PM
 #1192


And yes, I have set my measly 5 Ghash at many veried prices between .000035 and .00005 and never, afterwards, have I seen the purchase price at anything but .000055. 

Sigg

The price people pay is based off the bottom 50% of what the average price is.  Do you really think your 5G is going to push around the price that these guys with 200+G have set?  You are small fish and get to swim whichever way the water is flowing.

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
https://bitcointalk.org/index.php?topic=60117.0

Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
Payment Address: http://btc.to/5r6
guruvan
Hero Member
*****
Offline Offline

Activity: 518

ShastaFarEye Prospectors mazaclub & mazacha.in


View Profile WWW
March 27, 2012, 03:43:12 PM
 #1193

Update

After a problematic migration we're now ready to fire back up the system and throw everything we can at it.

It's now time to get back to inviting.  To those that have patiently waited on the waiting list, I'm sorry for the delays and hope it will be worth the wait. Smiley

Enjoy,

exciting news!

Mine at the Maza Club! with ShastaFarEye Prospectors! Mazacoin PPS & P2pool mining, and more services coming soon!
Maza Means Money! Check yours at the mazacha.in!

Please contact me  on my  OTC registered GPG (A54E87F2) Key's email address or guruvan@shastafareye.net  and encrypt all correspondence.
TheSeven
Hero Member
*****
Offline Offline

Activity: 504


FPGA Mining LLC


View Profile WWW
March 27, 2012, 04:29:26 PM
 #1194

Update

After a problematic migration we're now ready to fire back up the system and throw everything we can at it.

It's now time to get back to inviting.  To those that have patiently waited on the waiting list, I'm sorry for the delays and hope it will be worth the wait. Smiley

Enjoy,

So where is my invite?  Huh

My tip jar: 13kwqR7B4WcSAJCYJH1eXQcxG5vVUwKAqY
imsaguy
General failure and former
VIP
Hero Member
*
Offline Offline

Activity: 574

Don't send me a pm unless you gpg encrypt it.


View Profile WWW
March 27, 2012, 04:40:16 PM
 #1195

Update

After a problematic migration we're now ready to fire back up the system and throw everything we can at it.

It's now time to get back to inviting.  To those that have patiently waited on the waiting list, I'm sorry for the delays and hope it will be worth the wait. Smiley

Enjoy,

So where is my invite?  Huh

Coming Soon!

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
https://bitcointalk.org/index.php?topic=60117.0

Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
Payment Address: http://btc.to/5r6
jamesg
VIP
Legendary
*
Offline Offline

Activity: 1330


AKA: gigavps


View Profile
March 27, 2012, 04:43:58 PM
 #1196

Update

After a problematic migration we're now ready to fire back up the system and throw everything we can at it.

It's now time to get back to inviting.  To those that have patiently waited on the waiting list, I'm sorry for the delays and hope it will be worth the wait. Smiley

Enjoy,

So where is my invite?  Huh

Coming Soon!

Chirp chirp.
runlinux
Hero Member
*****
Offline Offline

Activity: 567



View Profile WWW
March 27, 2012, 05:08:11 PM
 #1197

I have live stats!!!!   Grin

BinaryMage
Hero Member
*****
Offline Offline

Activity: 546


Ad astra.


View Profile
March 27, 2012, 05:43:07 PM
 #1198

I'm getting public work, but ~35% (!) rejects. Anyone else experiencing this?

-- BinaryMage -- | OTC | PGP
jjiimm_64
Legendary
*
Offline Offline

Activity: 1680


View Profile
March 27, 2012, 06:58:14 PM
 #1199

I'm getting public work, but ~35% (!) rejects. Anyone else experiencing this?

I cant see my rejects...  accessing date thru php scripts..  but I can see the btc's rolling in  ch-ching

gpu diffs:
BTC'S:    3.044700 in: 6335 seconds   0.03 p/m- 1.73 p/h- 41.53 p/d         
shares:  61,699 in: 6335 seconds  584 p/m  35,062 p/h  841,483 p/d


edit:  400 seconds later.. still getting shares regularly

0.194818 in: 396 seconds   0.03 p/m- 1.77 p/h- 42.51 p/d         
3,941 in: 396 seconds  597 p/m  35,827 p/h  859,855 p/d


edit2:  still kickin ass ..woot
0.469105 in: 996 seconds
0.03 p/m- 1.70 p/h- 40.69 p/d

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
minero1
Full Member
***
Offline Offline

Activity: 145



View Profile
March 27, 2012, 07:14:21 PM
 #1200

oh joy, TAKE ALL MY SHARES!   Cool
Pages: « 1 ... 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 [60] 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 ... 131 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!