X11 isnt profitable at all right now so thats probly why we havent heard anything from genesis about it. I really wish they would just let us mine at our own pools with our hash. I would buy more and not even bitch about the payouts if they would do that, the first cloud company to make that happen will make alot of money.
Agree. Killer feature.
We like the idea, though there are a few things that need to be considered:
1) we want to keep a simple user interface and not confuse other miners; this can be solved for sure, but needs to be done carefully
2) the hashrate can only be sent on an average basis. For example, if a user wants to point 1 MH/s to a pool and our smallest miner is 24 MH/s then we would have to point 24 MH/s to this pool for one hour. This is not ideal.
3) if the pool is crappy, or there are some technical problems we would see high reject rates and unhappy faces.
Probably we would require that mining on your own pool happens at least for 24 hours. Furthermore, we would probably require that the maintenance fee is paid from the user balance. In turn the hashrate would be fully used for mining coins.
Technically, it can be done for sure in a reasonable time frame. This would be an advanced feature which only experienced users should use.
Please let me know if you have any comments.
Hey Marco, yeah i totally get all of the complications involved. Maybe (at first anyway) have it only available on approved pools or something. I know alot of pool owners would do whatever they need to do in order to make sure their pools comply with your system just because they know they can get some decent fees with the amount of hashpower involved. You could maybe make it so the user has to have 24 mhs (or whatever size the actual miner is) almost like gaws hosted miners, in order to be able to take control of it and point it where you want. You would also have to think about the ramifications of pointing a ton of hash at lower difficulty coins as well. However this is the one feature that pretty much everyone that I know is wanting REALLY bad. I would imagine if you guys could pull it off it would be a huge milestone for cloud mining. Your fees are a tough one to find a workable solution for. You would almost need a wallet that people mine to as kind of a middle man so you can extract your fees before they can withdraw or something. You guys are smart so I will leave that for you to figure out LOL! If you can make it happen it would really be the thing that blows all of the competition away.
If you guys do decide to try and do this and you need to bounce ideas off of someone, Wuher (from ipominer, partners with multipool.us) is a really smart dude that might be able to help you solve some of the technical aspects. Anyhow, good luck. There are alot of us waiting on a cloud service to implement this, it would be really cool if it was you guys that can make it happen.