Re: [ANN] HashPay - Mine and help supporting the price. JUST LAUNCHED!

So after reading the OP again it kind of sounds like all your doing is a multipool which will pay dividends to miners in HASHPAY? Is that kind of what I'm gathering from this? I might have read it wrong lol But I don't see how any of this is saving any electricity costs because someone is paying for the electricity to mine somewhere right?? I dunno just asking some questions lol

hashpaypool.com looks and acts like a normal 1% fee scrypt pool. The big thing behind it is that it sells people's hashes to a third party, using that money to directly support HAP on the market thus making the HAP miners just mined using the pool worth more.

Okay and what do you charge these supposed third parties for the hash? Wouldn't they just mine at any other 1% fee pool because it would be cheaper because you wouldn't be making anything without having to charge more right or it would be completely pointless right?? I guess what I am asking is can you give me a detailed analysis of exactly how this would work? Like how would you sell the hashes to third parties? What would you charge the third parties? Things like that. I'm only asking because I'm just trying to figure out exactly how you guys are planning to make this project work the way that you are claiming for it to work

Cheers

Keep in mind that the talked third parties are people that need processing power but do NOT have any interest in crypto or even know what a "pool" is. This are people that have bog processing power needs. People that use Amazon's Cloud, Google cloud platform or even sabalcore.com.
At the moment, there is no website acting as a platform to sell the processing power to the third parties ( it's the next thing on our goalmap) but we have some people lined up to try the service.
In terms of prices... it will vary with the amount of power available at hashpaypool.com at any given moment. We are looking to have long (1 week+) contracts made and the prices would still need to be discussed. We came up with some numbers that tell us the final profit should be close to 1/3 of what the total hashes in the pool would bought for in a website like nicehash.com.
Keep in mind that this is just the beginning and backend adjustments might help boost this profit ratio.

Okay now I'm completely lost lol Is it just me or does anyone else not quite get what they are saying? I mean I'm thinking that you are saying that people that mine at your pool instead of mining coins their hashes would be rented or sold out to these third party people and you guys would be using the funds that they pay you with to purchase HASHPAY from the market at market price to give to the miners that have contributed their hashes to the pool?? Is that something like what you are saying? Also you say that you have some people lined up to try the service, are these like just friends of yours or are they actual like possible customers that you didn't know before this idea for this project came about? I just want to make sure that I completely understand the whole concept that you guys are putting out there for this coin lol It's always nice for the people investing in a coin to fully know exactly what the plans are for the coin they are investing in right

Cheers

No problem! I'll try to make it a little bit clearer:

1. You mine HAP at hashpaypool.com.
2. Your processing power is sold to a third party.
3. A percentage of the profits are used to support the price (with buy-walls, not with direct buying through the sell orders, all the coins caught in the buy-walls are returned to miners through pooling bonuses).

The people ready to try the service are friends, we are expecting to have our first customers when the website is out.