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Re: [ANN] LeaseRig.net Rent & Hire Scrypt(Jane/Nfactor)/SHA3/SHA256/X11 HashPower!
by
byt411
on 17/07/2014, 15:32:06 UTC
Outdated pricing structure still a possibility while both competition sites use clear "per hour" system.

We will not be adding this consumer trick to LR anytime soon.  Multi-pools and calculators and ROI calcs use BTC per Unit of Hash per day (BTC/Mhs/Day) etc.  So you can use pool-picker.eu, name a multi-pool, bitcoinwisdom, etc.  To determine your mining profits as B/MH/Day.    The hourly pricing is a trick to confuse people by selling something using a pricing system not shared by the rest of the market.  

Hour hourly prices are available on the hire page for anyone who allows 1 hour rentals.    

If I'm wrong from a consumer view let me know but I get this from our customers who like to be able to see what their pool/mining pays out per hashing unit per day.

I think you got it. Most customers calculate how much they earn per day, and then they compare rigs to see if they are profitable. If you do it per hour, the customer would have to multiply it by 24, and that's a lot of hassle for them.
We might as well have a vote for everything, since it should represent opinions better.

miaviator: You could be true, yes. Seems to me that you are implying with your understanding that most customers rent for full days.
But what normally happens is that providers set their price to (live=known="NiceHash") market profitability plus some margin but only for the longest period. Shorter periods have waaaaay off prices. I mean five times more or similar. Those rents will happen very rare on today markets. Especially because short term customers can easily find their provider on competition.
(And as rent history is gone from the site, I can not prove myself, but this is my feeling.)

What you are really doing is nothing else but selecting customers from your "universe" (total possible customers looking for providers) who are patient to click through Hire buttons multiple times and can write down lot of data and then handle complex comparisons on paper or Excel or in head.
My guess is that this is a limited number of customer set.

I was rented 5 times yesterday on MRR and maximized my earnings with timed pricing decisions. I was not rented longer than 12 hours for the last one week at least, but still made a profit.

You are taking this the wrong way.  But I want to know what we could do make the calculation part easier.  What would the display the page or the filter look like?   

What I'm saying is that ROI is calculated in BTC/MH/Day by all major sites.   Changing to BTC per MH per Hour would a huge calculation to determining ROI.  We are not trying to hide our providers prices.   

And we offer reduced fees and bonuses to providers who reduce prices to their pool payouts + a reasonable margin! 

You show me a way we can make the site show you the data you want without losing the BTC/MH/DAY price display and I'll start working on it.

I got you.
BTC/MH/Day data presentation must stay. No question about it! Never said against it. Must have misunderstood somewhere back.

Reasonable pricing by providers for short term is a must if you want to compete on today market.
That's all.

The simplest way to reach this would be to strongly emphasize providers using flat pricing schemes.
Strongly means strongly.

I don't agree. I price my rigs reasonably, but I refuse for someone forcing me to do so. It's a free market, everyone is open to price their rigs to what they want.