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Author Topic: GPUMAX | The Bitcoin Mining Marketplace  (Read 214618 times)
nathanghart
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August 25, 2012, 05:47:47 AM
 #2261

Ok guys, I just had this huge illumination of what GPUMax is all about. I think I understand who the buyers are going to be (not the Beta ones, the real ones) and what's this project is all about.

If GPUMax is really what I think it is, I believe pirateat40 is currently years ahead of us. This project is dead serious and could really change the dynamic of the mining marketplace. I'm seriously excited to see the end of the Beta. I'm also pretty confident that the name of GPUMax will not change, even if ASIC come out.   Wink

I don't think it's appropriate discussing about it publicly, but I still want to discuss it. I need to validate my theory with somebody. Cheesy

So, here the conditions:
If you,
-have a farm bigger than 15 GHash/s (or, if you are bigger than me)
-are currently invited in the Beta of GPUMax

PM me, and I'll share my theory with you. If you don't fulfill the conditions, don't bother me. It's your job to prove me you fulfill the conditions. Only serious miners that could consider mining as a real job.


PS: It also means that my confidence about pirate paying back his BTCST lenders jumped up to 101%. Pirate is the real deal.

I am invited to GPUMax, but have temporarily retired from mining. So exactly how big are you? I am 5'7". Not very big, but I am hoping you are smaller because I'd like to know.
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Math Man
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August 25, 2012, 05:49:02 AM
 #2262

Oh darn. I don't have enough computer parts.

I know, right?  Woe is us. 

I guess Brunic needed to measure his epeen tonight. 
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August 25, 2012, 06:22:39 AM
 #2263

Depends if pirate used the 500 000 bitcoins to develop an ASIC chip in secret  Cheesy

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August 25, 2012, 08:22:50 AM
 #2264

Hi,

So i guess when I buy e.g. 2,000,000 shares, it will connect to the pool I wish and based on their share rules, my payout will change. Now dumb question:

1) How long does it take to use up 2,000,000 shares?
2) Current price per share is [edited out] but lets use an example price of 0.00001, how profitable will it be for me?

Thanks, even though the buyers page is very simple, I find it difficult to understand the most important parts, how much is the ROI, per share purchased.

Thanks

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August 25, 2012, 03:48:21 PM
 #2265

I purchased 60K shares 2 days ago and it says that I have used 269 shares total and it says paused.

Is there a way I can unpause it? 

What am I missing.  If I could buy shares and then use those shares whenever I want I would be buying a lot more.

Also an API would be nice so I can automate the process of buying and using the shares at a specific time.


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digital
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August 25, 2012, 11:04:26 PM
 #2266

Just got my invite in the last round of invites that happened in the last couple days.  Got all signed up and setup right away and started testing things out.

I mine through slush, and put about half my hashing power into GPUMAX.  When I was doing public work, which was only a couple hours a day, my average per block at slush was about .045 btc.  And when there was no public work, I was averaging around .075, which seemed a little low.  Before I moved half my power over to GPUMAX, i was averaging around .095 /round. 

So I decided to move everything back to slush just to see what would happen, and immediately my returns went from .075/block back up to .095/block.

I know that slush wasn't supported for purchasing shares because of the high stale ratio, but according to my account my stale/reject rate is only 3%, and I don't think that's enough to account for the change.

Anyone else notice things like this?
Any ideas on how to resolve, without changing pools?

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mufa23
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August 26, 2012, 05:58:58 AM
 #2267

Alright, I give up. Just spent an hour trying to figure out how to work gpumax. I got the invite, but don't understand how to set it up. Is there some sort of how to guide out there? I assume it's so easy to setup that I'm just overlooking it. Or perhaps I don't understand the concept.

I have a couple of mining rigs here at home that I'm mining with EMC (Eclipse). I assume I somehow redirect my miners to gpumax, and gpumax directs my miners to EMC. Then if someone wants to buy my shares on gpumax, gpumax auto sells my shares to the buyer. How do I hook my miners up with gpumax? Is there a certain port, username, or password that I should be using? And what are the Mining Pools and Workers options for?

I am completely lost...

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August 26, 2012, 07:17:54 AM
 #2268

mining pool is where you put your EMC info in. Workers is where you setup a worker with your EMC pool info as your private pool. Once setup you will have a Username generated and a password for gpumax along with server info. Point your miner at that and bam you are using gpumax. PPS price is up to you.

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August 26, 2012, 03:44:57 PM
 #2269

You have to setup a pool first.  And you use the url your miner is normally pointing at for the pool url.  And you use the username and password of one or your normal miners for the pool username and password.

then you create miners in gpumax that connect to your pool, and as stated in the post above, there is a username and password generated that you will need to redirect your miners at home to.

took me an hour or so plus a lot of reading to figure it out. Definitely lacking in documentation...

If I help you out: 17QatvSdciyv2zsdAbphDEUzST1S6x46c3
References (bitcointalk.org/index.php?topic=): 50051.20  50051.100  53668.0  53788.0  53571.0  53571.0  52212.0  50729.0  114804.0  115468  78106  69061  58572  54747
mufa23
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August 26, 2012, 04:53:01 PM
 #2270

mining pool is where you put your EMC info in. Workers is where you setup a worker with your EMC pool info as your private pool. Once setup you will have a Username generated and a password for gpumax along with server info. Point your miner at that and bam you are using gpumax. PPS price is up to you.
You have to setup a pool first.  And you use the url your miner is normally pointing at for the pool url.  And you use the username and password of one or your normal miners for the pool username and password.

then you create miners in gpumax that connect to your pool, and as stated in the post above, there is a username and password generated that you will need to redirect your miners at home to.

took me an hour or so plus a lot of reading to figure it out. Definitely lacking in documentation...
Much appreciated, Gentlemen!

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August 28, 2012, 07:45:19 AM
 #2271

so.... people are seriously still using this service?

u guys know the owner owes 100k's of BTC in a seperate obvious scam?

I'm flying FPV race drones these days. Check out my YouTube channel: https://www.youtube.com/c/MiconFPV
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August 28, 2012, 08:00:43 AM
 #2272

so.... people are seriously still using this service?

u guys know the owner owes 100k's of BTC in a seperate obvious scam?

And we should care... why?
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August 28, 2012, 08:04:37 AM
 #2273

why is micons ignore link highlighted?

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August 28, 2012, 09:18:50 AM
 #2274

I was started mining with GPUmax 48 hours ago.
I have 10 Gh/s.
400000 private shares
150000 public shares
4 BTC
How long I will be wait BTC from GPUmax into my wallet?

Прокуратура запретила использовать криптовалюты, а также денежные суррогаты, заведомо печатаемые преступниками, т. е. рубли. Даёшь натуральное хозяйство!
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August 28, 2012, 01:32:48 PM
 #2275

so.... people are seriously still using this service?

u guys know the owner owes 100k's of BTC in a seperate obvious scam?

And we should care... why?

And this is the problem of or lack thereof community.   Yes you should care.   Why you ask?  Because the person who knows someone who did something bad and still chooses to support them in a way could potential exhibit the same type of behavior.   Your reputation is important and saying you don't even care and don't know why is a statement that can be very telling.   Also empathy is a human trait.

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August 28, 2012, 01:37:55 PM
 #2276

so.... people are seriously still using this service?

u guys know the owner owes 100k's of BTC in a seperate obvious scam?

And we should care... why?

And this is the problem of or lack thereof community.   Yes you should care.   Why you ask?  Because the person who knows someone who did something bad and still chooses to support them in a way could potential exhibit the same type of behavior.   Your reputation is important and saying you don't even care and don't know why is a statement that can be very telling.   Also empathy is a human trait.
I don't see how GPUMax can really be that heavily related to BS&T. Even if it is, I was one of the most vocal people in warning others about putting their money into a black box. If they went ahead and threw their money away that's their own idiocy.

The most I'm ever risking on GPUMax is a few days mining revenue, if it shut down tomorrow and I didn't get paid, I'd lose a total of maybe a few hours of my regular salary...
JoelKatz
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August 28, 2012, 01:38:55 PM
 #2277

why is micons ignore link highlighted?
It makes it easier to find in the dark.

I am an employee of Ripple. Follow me on Twitter @JoelKatz
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digital
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August 28, 2012, 02:30:20 PM
 #2278

I stopped mining on gpumax when I noticed my returns from private work were down about 15%.  I tested it several times, and determined that even though my hash power shows up correct in my account (when working on private work) the returns Im getting are actually about 15% less than what I would make when not using GPUMAX.

And the public work was not making up for the difference.

I'll likely come back and test it occasionally, but for now Im just watching what happens with everything (pirateat40, bst&t, gpumax)...

If I help you out: 17QatvSdciyv2zsdAbphDEUzST1S6x46c3
References (bitcointalk.org/index.php?topic=): 50051.20  50051.100  53668.0  53788.0  53571.0  53571.0  52212.0  50729.0  114804.0  115468  78106  69061  58572  54747
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August 28, 2012, 02:34:39 PM
 #2279

People here should fully expect this service to disappear one night with remaining payouts to never take place in my mind.
With the OP missing in action what has been said to the users which would make them think differently? Who is supporting
this service and answering questions?

have fun.

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August 28, 2012, 02:47:12 PM
 #2280

People here should fully expect this service to disappear one night with remaining payouts to never take place in my mind.
With the OP missing in action what has been said to the users which would make them think differently? Who is supporting
this service and answering questions?

have fun.

From what I have seen, it is mostly done via IRC #gpumax
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