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Author Topic: [ANN]Pool with computing power exchange: BitYi.com started.  (Read 1361 times)
zenothing
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Guo Xue Song


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March 18, 2015, 10:34:23 AM
 #1

I am glad to announce BitYi.com started.

BitYi.com is the world's first mining pool that support computing power
exchange.

That means, you can not only act as a miner using BitYi.com as a mining pool,
but also ast as a trader who buy the computing power (AKA hashes) provided by
miners and route the hashes you bought to your preferred pool.

Miners will get better returns, because the traders are always trying to find
better pools. Traders make money by sharing their knowledge about good pools
with all the miners.

Both double-sha256 and scrypt cumputing power are supported.  Double-sha256
hashes are denominated in BTCs, and scrypt hashes are denominated in LTCs.

Miners can now visit http://www.bityi.com/en?set_language=en and open your
account. If you want to be a trader, send a mail to apply, using "Contact" at
the buttom of the site.

yours sincerely

Guo Xue Song

www.bityi.com
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zenothing
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Guo Xue Song


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March 20, 2015, 02:59:34 AM
 #2

Why make computing power exchangable ?

Pool crashes, miners lost their rewards. After BitYi.com makes computing power
exchangable, whether the pool crashes or not, miners get paid by traders,
traders take the risk.

Making computing power exchangable also make pool owner lower the fee. If we
have a large amount of computing power exchangable, pool owners would want to
be a trader, because buying more hashes earning more money. But once the pool
owners act as traders, they join the competition, Competition reduce costs.

That is, BitYi.com help miners change their position from weak to strong.

Guo Xue Song

www.bityi.com
kano
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March 20, 2015, 03:15:32 AM
 #3

cgminer has the ability to connect to many pools and even give a weighted balance of work to each Smiley
So when one pool fails, it simply mines at all the others.

Pool: https://kano.is Here on Bitcointalk: Forum BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU
FreeNode IRC: irc.freenode.net channel #kano.is Majority developer of the ckpool code
Help keep Bitcoin secure by mining on pools with full block verification on all blocks - and NO empty blocks!
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Guo Xue Song


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March 20, 2015, 03:29:16 AM
 #4

cgminer has the ability to connect to many pools and even give a weighted balance of work to each Smiley
So when one pool fails, it simply mines at all the others.

Yes. But your best-profit pool crashes, so you lost the delta of best-profit and second-profit.
Ecnad
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March 20, 2015, 03:48:19 AM
 #5

tried to register to check it out. Did not get activation email
zenothing
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Guo Xue Song


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March 20, 2015, 12:22:59 PM
 #6

tried to register to check it out. Did not get activation email

Let's keep in touch about this issue.
zenothing
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Guo Xue Song


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March 21, 2015, 02:23:25 PM
 #7

Hi !

By analyzing the log, we found many users tried to register but unfortunately not succeed. To improve the experience of registration, we simplified the process.

If you failed to register, you can try again now.

yours sincerely

Guo Xue Song

www.bityi.com
zenothing
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Guo Xue Song


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March 23, 2015, 03:56:55 AM
 #8

DD4BC is attacking us.

If you cannot access our website, please try it later.

Guo Xue Song
www.bityi.com
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