[Official] Mintsy.co Thread **SHA contracts 150% more hash same price!!! RETRO**

[BitJohn]

Mintsy 150% more SHA hashing for the same price!!!! Retroactive, with a contract time extension!

•   BRING YOUR RIG Bring your own mining rig for hundreds of different crypto currencies with the option of leasing them to other miners
•   LEASE OUR RIGS Buy mining power in form of hashfracs, litefracs and xfracs from Mintsy and hold them for periods of time
•   WEB CLIENT MINING INTERFACE Easy web based administration of your account. Set your rig once and change mining settings from our website
•   CRYPTSY INTEGRATION Option to have your mined coins post directly into your Cryptsy account for free or to another address of your choosing. So nearly instant access.
•   TRADE Trade your hashfracs, litefracs and xfracs with other miners
•   MAINTENCE FEES INCLUDED
•   MULTIPLE ALGORITHMS Hash Sha-256, Scrypt, X11-15 and more...

If you preregister you are automatically enrolled to win $5000 in btc.

Find out more at:
Website: http://mintsy.co/
Facebook: https://www.facebook.com/digitalXmintsy
Twitter: https://twitter.com/digitalXmintsy
Reddit: http://www.reddit.com/r/mintsy

Media:
Coin Desk article: http://www.coindesk.com/digitalbtc-cryptsy-mining-platform
Finance News Network article: http://www.finnewsnetwork.com.au/archives/finance_news_network77891.html
Cryptsy Blog post: http://blog.cryptsy.com/post/97734773302/announcing-digitalx-mintsy

Other Relevant Links:
https://cryptsy.com
http://www.digitalbtc.com/

Feel free to ask any question I will answer what I can. Ill even entertain the hypothetical.

Any FUD or nonsense Ill simply delete so keep it relevant to the topics thanks!

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[BitJohn]

The most flexible all in one mining site available. We support all of your mining needs in one location!

Scrypt Contracts are able to be pointed at EXTERNAL pools such as multipool.us or Mintsy's pools!

SHA Contracts are able to be pointed at EXTERNAL pools such as multipool.us or Mintsy's pools!

Rig Rental support! Lease your mining rigs to others or rent someone elses!

Mintsy has a growing assortment of ZERO fee pools!

[BitJohn]

reserved for future info....

[h0lybyte]

When you say you are partnered up, you mean these contracts will be tradable via exchanges? Or Did I miss understand that aspect of the post / partnership.


Furthermore, how would X-algo clouds work? Do we also get to choose where these clouds mine/perform?

Finally, will you be allowing paypal / credit card to purchase contracts?

[BitJohn]

When you say you are partnered up, you mean these contracts will be tradable via exchanges? Or Did I miss understand that aspect of the post / partnership.

Were partnered up as in Mintsy.co is owned 50/50 by both entities.

Furthermore, how would X-algo clouds work? Do we also get to choose where these clouds mine/perform?

Simple hashing gear tuned and ready to mine the X-algo type coins

Finally, will you be allowing paypal / credit card to purchase contracts?

I do not have any information on this just yet.

[pawel7777]

What is the estimated launch time?

How deeply is it going to be connected to Cryptsy? Wouldn't it be best if existing Cryptsy customers could use Mintsy using the same login credentials?

Will the Mintsy contracts be tradable on Cryptsy? Will it be possible to convert MN1 and MN2 into Mintsy contracts?

Anyway, looking forward to it

[BitJohn]

What is the estimated launch time?

Currently 30-60 days we hate deadlines and so does everyone so lets plan around that

How deeply is it going to be connected to Cryptsy? Wouldn't it be best if existing Cryptsy customers could use Mintsy using the same login credentials?

Due to the nature of the crypto world we find it best to separate the sign in process currently. For those that do not use 2FA (for some reason) whose account get compromised in this manner would not lose everything. Maybe it will change but your account will be directly depositing to Cryptsy if you choose meaning nearly instant deposits.

Will it be possible to convert MN1 and MN2 into Mintsy contracts?

Unlikely the vendor who we contracted with for MN1 and 2 is a separate entity. Though nothing is yet out of the question.

[BitJohn]

updated the main thread with more info.

[BitJohn]

You still have 30 days to register for digitalXmintsy Once you have preregistered you can refer friends for additional entries.

You can get all the latest Mintsy updates on our twitter page @digitalXmintsy

What will you be able to do on Mintsy?

• Mintsy is going to revolutionize the way we all think about mining, cloud mining, rig leasing, pools etc.
• Will feature mining pools for both BTC Bitcoin and tons of Altcoins and will be including a multi-pool function.
• Power and hosting costs will be built into the price of hashfracs, litefracs and xfracs. No more to think about!
• Will allow you to buy mining hashfracs, litefracs and xfracs from Mintsy and hold them for a period time
• You will be able to trade your hashfracs, litefracs and xfracs w/ other miners.
• You can mine 100's of cryptos with your rig or lease them to other miners!
• You will have an option to mine coins directly into your Cryptsy account free or any other address you choose?
• Mintsy will have support and options for Sha256, Scrypt, X11-15 & other algos!
• Mintsy will have an advanced easy to use web interface Where you set your rig once and change mining settings from our website. No more re-configuring your miner software
• digitalXmintsy is a joint venture between DigitalBTC and Cryptsy

So don't delay pre-register today!

[innocent93]

The $5000 prize haven't been be drawn on yet? Seem nothing update on official site.

* The prize is $5000 in Bitcoin! The prize will be drawn on November 30th 2014. The winner will be notified by email. One registration grants one entry. Each friend referral grants one entry. The winner will be published on Mintsy.co. The draw will be performed randomly by a computer. No private information will be shared with third parties. Not available to residents of Arizona.

[pawel7777]

The $5000 prize haven't been be drawn on yet? Seem nothing update on official site.

* The prize is $5000 in Bitcoin! The prize will be drawn on November 30th 2014. The winner will be notified by email. One registration grants one entry. Each friend referral grants one entry. The winner will be published on Mintsy.co. The draw will be performed randomly by a computer. No private information will be shared with third parties. Not available to residents of Arizona.

Seems to me that they've abandoned the project (due to lack of interest? bitcoin price?). But by law, those $5000 should have been drawn anyway, on the indicated date.

I scanned through their own "Official rules" and don't see a clause giving them a right to cancel (and pretty sure it wouldn't be legal).

http://mintsy.co/terms.php

Also:

NOTICE TO CANADIAN RESIDENTS: Any Canadian residents who is identified as a potential winner will be required to correctly answer a series of mathematical skill-testing questions. In addition to meeting the other requirements to win the Prize, all of the questions must be answered correctly in order to qualify.

WTF is this about? Are they required by law to do this, or do they just hate Canadians?

[Muhammed Zakir]

Pre-enrolled! Looking for new updated now!

Also:

NOTICE TO CANADIAN RESIDENTS: Any Canadian residents who is identified as a potential winner will be required to correctly answer a series of mathematical skill-testing questions. In addition to meeting the other requirements to win the Prize, all of the questions must be answered correctly in order to qualify.

WTF is this about? Are they required by law to do this, or do they just hate Canadians?

That seems really bad! Waiting for OP's answer is the only option, I think!

    ~~MZ~~

[pawel7777]

OK. I looked it up:

The combined effect of Sections 197 to 206 of the Criminal Code of Canada bans for-profit gaming or betting, with exceptions made for provincial lotteries, licensed casinos, and charity events. Many stores, radio stations, and other groups still wish to hold contests to encourage more purchases or increase consumer interest. These organizations take advantage of the fact that the law does allow prizes to be given for games of skill, or mixed games of skill and chance. In order to make the chance-based contests legal, such games generally consist of a mathematical STQ.

...
For contests held in other countries but open to Canadians, a STQ must be asked of any potential Canadian winner.

http://en.wikipedia.org/wiki/Skill_testing_question

[m1n3m1n3m1n3]

Currently you need in invitation key to register, any idea when this is going to open up to the public?

[kano]

Currently you need in invitation key to register, any idea when this is going to open up to the public?

Some time after they payout the missing $5000 ?

[pawel7777]

Currently you need in invitation key to register, any idea when this is going to open up to the public?

Some time after they payout the missing $5000 ?

Give them a break, they're only 2 months late

At least they finally removed it from the website... That's some progress

[BitJohn]

The site is alpha soon we will send out beta invitation keys.

[kano]

Currently you need in invitation key to register, any idea when this is going to open up to the public?

Some time after they payout the missing $5000 ?

Give them a break, they're only 2 months late

At least they finally removed it from the website... That's some progress

It's still in his sig in the post above me now

[BitJohn]

Currently you need in invitation key to register, any idea when this is going to open up to the public?

Some time after they payout the missing $5000 ?

Give them a break, they're only 2 months late

At least they finally removed it from the website... That's some progress

It's still in his sig in the post above me now

Good catch

[padrino]

Interested in trying out the service when the beta(?) opens, looks to be invite only now, if any invites are available please send..

[BitJohn]

Interested in trying out the service when the beta(?) opens, looks to be invite only now, if any invites are available please send..

If you preregistered you will receive an invite code as we phase user into the Beta.

[padrino]

Interested in trying out the service when the beta(?) opens, looks to be invite only now, if any invites are available please send..

If you preregistered you will receive an invite code as we phase user into the Beta.

I don't think I did, sounds like I will miss the beta, unless of course you want to throw me in the mix..

[BitJohn]

Lets get into Beta and see what happens

[kosya666z8]

People tell me the keys to the Invitation to come?

[Aridroid13]

Eager to have the key Announcement

[MCHouston]

Is the preregistration already closed?  Do not really see a way to register for beta.

[trendax]

As an enterprise miner I have the utmost confidence in digitalBTC they've been making lots a of smart moves since their inception. The Cryptsy team too, their exchange operations from verification to trading have been spot on for me. 

But. I simply can't stand a typical sales/marketing ploy that involves advertising 6-10 months in advance, offering a cash price with no signs of payment and then dropping hints about beta tests when it all still seems very private, closed and probably still along way away.

It's nice to have read about the BetaRigs participation recently and I'm sure in the end Mintsy.co will be a great platform- provided the users don't accidently type .com every time. 

Can you provide us any more information?

[BitJohn]

If you preregistered keep an eye on your inbox!

[jch9678]

If you preregistered keep an eye on your inbox!

It's looking good, are there any plans to add a mintsy multipool and/or get auto paid in any currency?  If not, maybe there could be a way to add an external pool that is multi-algo.

[MCHouston]

If you preregistered keep an eye on your inbox!

I got my invite, going to be sending some TH your way soon and trying out the renting and contracts.  It looks awesome.  Thanks.

[m1n3m1n3m1n3]

If you preregistered keep an eye on your inbox!

I pre-enrolled but never got an invite, are you still sending them out?

[BitJohn]

It's looking good, are there any plans to add a mintsy multipool and/or get auto paid in any currency?  If not, maybe there could be a way to add an external pool that is multi-algo.

Multipool coming soon and likely to the any currency.

[BitJohn]

I pre-enrolled but never got an invite, are you still sending them out?

Invites are being sent out in batches in the order folks pre-registered.

[BitJohn]

I got my invite, going to be sending some TH your way soon and trying out the renting and contracts.  It looks awesome.  Thanks.

I agree! The product gets better an better every day!

[PeterI]

There are no FAQ on site. FAQ is very important.
I have a question.
I bought contract 2 days ago, but I have no payouts (I have worker and pools).
While process of buying I read something about 5 days delay but don't remember exact what.
Could you describe payouts rules?

[letuslook]

Looks interesting, hope to receive my invite soon

[BitJohn]

There are no FAQ on site. FAQ is very important.
I have a question.
I bought contract 2 days ago, but I have no payouts (I have worker and pools).
While process of buying I read something about 5 days delay but don't remember exact what.
Could you describe payouts rules?

We have a full FAQ being draft and each page has a help popup associated. I have to dig into the contracts a bit it took mine a day to start working... Remember its still really early beta so expect some goofiness. I will get you the payout info soon and post it here.

[ThePhwner]

So whatever happened to the $5k?

Also do you have a list of known working external pools? I'm seeing some widely varied results.

[ThePhwner]

Also I've got 33 hours worth of "pending" credits from rental income from one of our rigs. Can you tell me how long before we get paid?

[Senseidyer]

I have been mining the BTC Pool for 36 days now and to be honest, I am disappointed because despite contracts, the network doesn't solve enough blocks to get payouts. An example is this: In the last 2 weeks, there has been one solved block for one payout. Since I began 36 days ago, there has been a total of 13 payouts. While I do know this is beta, it does not seem to me that the contract is worth it. Now, I will tell you that they guarantee a refund on hashrate they missed, but that does little good if the network delivers on hashrate but cannot solve blocks. I am on pace to make $8.80 on a contract that cost $59.00.

[BitJohn]

I have been mining the BTC Pool for 36 days now and to be honest, I am disappointed because despite contracts, the network doesn't solve enough blocks to get payouts. An example is this: In the last 2 weeks, there has been one solved block for one payout. Since I began 36 days ago, there has been a total of 13 payouts. While I do know this is beta, it does not seem to me that the contract is worth it. Now, I will tell you that they guarantee a refund on hashrate they missed, but that does little good if the network delivers on hashrate but cannot solve blocks. I am on pace to make $8.80 on a contract that cost $59.00.

You can mine external pools with more hashrate.

[purpl3haze]

I have been mining the BTC Pool for 36 days now and to be honest, I am disappointed because despite contracts, the network doesn't solve enough blocks to get payouts. An example is this: In the last 2 weeks, there has been one solved block for one payout. Since I began 36 days ago, there has been a total of 13 payouts. While I do know this is beta, it does not seem to me that the contract is worth it. Now, I will tell you that they guarantee a refund on hashrate they missed, but that does little good if the network delivers on hashrate but cannot solve blocks. I am on pace to make $8.80 on a contract that cost $59.00.

You can mine external pools with more hashrate.

ive always gotten errors when doing the external pool set up through mintsy.

[devo420]

I have gotten as much as 60 bonus MH/s with Mintsy.co off of 4 contracts for 10Mh/s each. Pretty amazing. Kinda sucks when it goes the opposite way like right now and only pulling about 6Mh/s per contract. There are a couple questions I have been meaning to e-mail but might as well fire em off here.

When I purchased my most recent contract, I was attempting to buy two 10Mh/s contracts for 6 months, but I believe they have been combined into one worker. I believe this happened since my 3rd worker has an average of double the hashing rate as the first two workers/contracts I set up. Is this something I should worry about? I have 4 workers listed on my account but the 4th is 'inactive' and my OCD doesn't like that 

Also, should each contract be linked to an individual worker set up on the pool's website? I believe I read something along those lines on the website.

As for setting the difficulty on a mining pool, I know it is dependent on your current hash rate, but with mine having a relatively wide range of fluctuation, I don't know what to set it to in order to get the best bang for my buck. I have been setting it to 64 as most pools mention over time that is the best value for all miners.

Lastly, does a scrypt miner handle scrypt-n and jane?

[Senseidyer]

I have been mining the BTC Pool for 36 days now and to be honest, I am disappointed because despite contracts, the network doesn't solve enough blocks to get payouts. An example is this: In the last 2 weeks, there has been one solved block for one payout. Since I began 36 days ago, there has been a total of 13 payouts. While I do know this is beta, it does not seem to me that the contract is worth it. Now, I will tell you that they guarantee a refund on hashrate they missed, but that does little good if the network delivers on hashrate but cannot solve blocks. I am on pace to make $8.80 on a contract that cost $59.00.

You can mine external pools with more hashrate.

Not with a contract.

[BitJohn]

I have been mining the BTC Pool for 36 days now and to be honest, I am disappointed because despite contracts, the network doesn't solve enough blocks to get payouts. An example is this: In the last 2 weeks, there has been one solved block for one payout. Since I began 36 days ago, there has been a total of 13 payouts. While I do know this is beta, it does not seem to me that the contract is worth it. Now, I will tell you that they guarantee a refund on hashrate they missed, but that does little good if the network delivers on hashrate but cannot solve blocks. I am on pace to make $8.80 on a contract that cost $59.00.

You can mine external pools with more hashrate.

Not with a contract.

Yes you can mine external pools with a contract. Just setup the external pool and point your contract work at that pool. I am mining multipool as we speak.

[devo420]

I have gotten as much as 60 bonus MH/s with Mintsy.co off of 4 contracts for 10Mh/s each. Pretty amazing. Kinda sucks when it goes the opposite way like right now and only pulling about 6Mh/s per contract. There are a couple questions I have been meaning to e-mail but might as well fire em off here.

When I purchased my most recent contract, I was attempting to buy two 10Mh/s contracts for 6 months, but I believe they have been combined into one worker. I believe this happened since my 3rd worker has an average of double the hashing rate as the first two workers/contracts I set up. Is this something I should worry about? I have 4 workers listed on my account but the 4th is 'inactive' and my OCD doesn't like that 

Also, should each contract be linked to an individual worker set up on the pool's website? I believe I read something along those lines on the website.

As for setting the difficulty on a mining pool, I know it is dependent on your current hash rate, but with mine having a relatively wide range of fluctuation, I don't know what to set it to in order to get the best bang for my buck. I have been setting it to 64 as most pools mention over time that is the best value for all miners.

Lastly, does a scrypt miner handle scrypt-n and jane?

?

[trendax]

So whatever happened to the $5k?

Also do you have a list of known working external pools? I'm seeing some widely varied results.

bump..

$5k probably went to Zhenya's $300k salary lol

But props to the Mintsy team the platform is looking good.

Also external pool redirections are probably being done via stratum's extranonce.subscription, this can be tricky if not implemented well.

[BitJohn]

When I purchased my most recent contract, I was attempting to buy two 10Mh/s contracts for 6 months, but I believe they have been combined into one worker. I believe this happened since my 3rd worker has an average of double the hashing rate as the first two workers/contracts I set up. Is this something I should worry about? I have 4 workers listed on my account but the 4th is 'inactive' and my OCD doesn't like that 

Also, should each contract be linked to an individual worker set up on the pool's website? I believe I read something along those lines on the website.

You would have to contact the support guys on this one Ill dig around and see what I can find out, or just buy a second contract myself. I owe you an answer for this.

As for setting the difficulty on a mining pool, I know it is dependent on your current hash rate, but with mine having a relatively wide range of fluctuation, I don't know what to set it to in order to get the best bang for my buck. I have been setting it to 64 as most pools mention over time that is the best value for all miners.

I use 64 so far so good.

Lastly, does a scrypt miner handle scrypt-n and jane?

No but there will be options for these in the future

[BitJohn]

Sha-256 Contracts have been increased.  No Price changes.

If you had a 100 Gh/s contract before, it is now 250 Gh/s. If you had a 1 Th/s contract, it is now 2.5 Th/s.

We are also giving you credit for the time used on your old contract. 60% of the time you have already used in your existing contract will be appended to the expiration date of your contract.

This means if you have had your contract for 30 days already, then 18 more days will be added to the end of your contract to extend it's expiration date.

[coinrance]

I setup external pool pointing to multipool.us, but after few hours, it somehow stopped mining on my external pool, showing 0 khs when i login to multipool. I think to fix it, I have to meedle with the worker's pool configuration and save it for it to start mining again.

[BITCOINERSEJATI]

any mining calculator can i use if i buy contract in Minsty ?
now iam use bitcoincloudservice and cloudminr.io

[BitJohn]

any mining calculator can i use if i buy contract in Minsty ?
now iam use bitcoincloudservice and cloudminr.io

I typically use coinwarz which shows me alt coins that I can use my hash on

[BitJohn]

Sha-256 Contracts have been increased. No Price changes!
If you had a 100 Gh/s contract before, it is now 250 Gh/s. If you had a 1 Th/s contract, it is now 2.5 Th/s.
We are also giving you credit for the time used on your old contract. 60% of the time you have already used in your existing contract will be appended to the expiration date of your contract.
This means if you have had your contract for 30 days already, then 18 more days will be added to the end of your contract to extend it's expiration date.

[BITCOINERSEJATI]

any mining calculator can i use if i buy contract in Minsty ?
now iam use bitcoincloudservice and cloudminr.io

I typically use coinwarz which shows me alt coins that I can use my hash on

Ohh thank's for your information
i will try it someday

[alani123]

Sha-256 Contracts have been increased. No Price changes!
If you had a 100 Gh/s contract before, it is now 250 Gh/s. If you had a 1 Th/s contract, it is now 2.5 Th/s.
We are also giving you credit for the time used on your old contract. 60% of the time you have already used in your existing contract will be appended to the expiration date of your contract.
This means if you have had your contract for 30 days already, then 18 more days will be added to the end of your contract to extend it's expiration date.

How long does the Sha256 contract take after purchase to start mining?

[BitJohn]

Sha-256 Contracts have been increased. No Price changes!
If you had a 100 Gh/s contract before, it is now 250 Gh/s. If you had a 1 Th/s contract, it is now 2.5 Th/s.
We are also giving you credit for the time used on your old contract. 60% of the time you have already used in your existing contract will be appended to the expiration date of your contract.
This means if you have had your contract for 30 days already, then 18 more days will be added to the end of your contract to extend it's expiration date.

How long does the Sha256 contract take after purchase to start mining?

Typically its less than an hour, usually much less (thats my guess) Mine didn't take that long. I hit up the developers for a more detailed answer.

[BitJohn]

Sha-256 Contracts have been increased. No Price changes!
If you had a 100 Gh/s contract before, it is now 250 Gh/s. If you had a 1 Th/s contract, it is now 2.5 Th/s.
We are also giving you credit for the time used on your old contract. 60% of the time you have already used in your existing contract will be appended to the expiration date of your contract.
This means if you have had your contract for 30 days already, then 18 more days will be added to the end of your contract to extend it's expiration date.

How long does the Sha256 contract take after purchase to start mining?

It also can depend on the method of payment, and when it clears.

[alani123]

Sha-256 Contracts have been increased. No Price changes!
If you had a 100 Gh/s contract before, it is now 250 Gh/s. If you had a 1 Th/s contract, it is now 2.5 Th/s.
We are also giving you credit for the time used on your old contract. 60% of the time you have already used in your existing contract will be appended to the expiration date of your contract.
This means if you have had your contract for 30 days already, then 18 more days will be added to the end of your contract to extend it's expiration date.

How long does the Sha256 contract take after purchase to start mining?

Typically its less than an hour, usually much less (thats my guess) Mine didn't take that long. I hit up the developers for a more detailed answer.

It's hashing already(!), paid with bitcoin. But just in case:

What would be the right way to come into contact with the devs? Freshdesk? https://mintsy.freshdesk.com

[BitJohn]

Sha-256 Contracts have been increased. No Price changes!
If you had a 100 Gh/s contract before, it is now 250 Gh/s. If you had a 1 Th/s contract, it is now 2.5 Th/s.
We are also giving you credit for the time used on your old contract. 60% of the time you have already used in your existing contract will be appended to the expiration date of your contract.
This means if you have had your contract for 30 days already, then 18 more days will be added to the end of your contract to extend it's expiration date.

How long does the Sha256 contract take after purchase to start mining?

Typically its less than an hour, usually much less (thats my guess) Mine didn't take that long. I hit up the developers for a more detailed answer.

It's hashing already(!), paid with bitcoin. But just in case:

What would be the right way to come into contact with the devs? Freshdesk? https://mintsy.freshdesk.com

Yes if you think its a pressing development issue you can PM me also. Many of the Tier one support on Mintsy are still training.

[profall]

Mining Pool Reviews, Ratings and Rankings. 

www.BlockGen.net

Mintsy is listed on BlockGen, you can review them here: http://blockgen.net/miningPool/94

[augustito]

i cant connect with externals pools in scrypt (nicehash, multipool.us , my own p2pool) , i open a couple of tickets unsolved for almost 5 days... nothing change....

[BitJohn]

i cant connect with externals pools in scrypt (nicehash, multipool.us , my own p2pool) , i open a couple of tickets unsolved for almost 5 days... nothing change....

I mine Multipool no issues. Did you setup the external pool? PM me a ticket# and a screenshot of your multipool setup.

[ThePhwner]

A few things I'd like to note after using the beta and official product for several weeks:

1. The proxy remains inconsistent. Some pools do not work at all (Antpool) and some pools report double hash rate (F2Pool).

2. The current system is unfair to rig owners. There's no way to communicate with the renter, and in multiple instances, we've had a renter pick a bad pool. Then we get dinged with the fee, and the lost mining time. Per Mintsy policy, the decision to refund is based 100% on hash rate. In a system where owner and renter can communicate, we can provide support to ensure the renter is mining.

3. Support simply closed 2 tickets I filed when the proxy was clearly malfunctioning.  I spent a great deal of time ensuring that ~20 S3 units were updated to use the custom cgminer and for a few weeks, successfully rented the Ant Farm to satisfied renters. But when the proxy went wonky and support just closed tickets with no response, we pulled everything but 600 Gh/s.

4. Taking in to account point #1, the inconsistent hash reporting, it seems that basing rental refunds solely on reported hashrate, is a roll of the dice.

5. We should be able to add extra time to a rental if something goes wrong on our end. Right now the only way to compensate is to move another miner to the rental or take the loss. We prefer to keep our reputation up by extending rentals if needed and we can't do that.

That being said, I have enjoyed the altcoin pools. But, for now, we are done with Mintsy.

[jonnybravo0311]

My experience thus far with Mintsy has been twofold: a purchased SHA256 mining contract (1TH/s for 90 days) and pointing my own hardware here.

First, here is the good news.  The mining contract which I purchased was given a boost to 2.5TH/s and extended.  This was an unexpected surprise and I'm very thankful for it.  I've actually got a relatively decent chance to come out positive now.

The UI is easy to navigate and you can switch coins at will.  If you've got a cryptsy account, you can hook it up directly using your trade key.  Any alt coins you mine get paid out to your cryptsy wallets automatically.  Bitcoin mining payouts are a manual process.  Stats are plentiful, too.  You can look at your average hash rate, see found blocks, pool hash rate, expected time to block, etc.

On the hardware side, I've had issues aplenty.  Since the pool is also listed in the alt coin service announcements, that's where I first reported my problems.  You can see my posts at this link: https://bitcointalk.org/index.php?topic=786492.msg11256333#msg11256333.

My main concern is that when my gear is pointed to this pool via MRR, it fails.  Even though I've got the latest version of cgminer with the nicehash #xnonce patch as required, it simply does not connect from MRR.  Workers are constantly restarting or refusing to hash and fall back to secondary pools.  When I connect my gear directly to the pool, things work as expected.

I have not attempted to connect to and mine external pools with either my contracted hash or my own gear, so I don't have any comment on others' experiences doing so.

Huh... I wonder if I could setup an infinite loop.  Here's the scenario:

I setup an external pool here for MRR.  On MRR, I setup my primary pool to point back here.  So, I'd be telling Mintsy to mine on MRR and MRR would say to mine on Mintsy.  I might try that for fun after my gear's current rental ends (assuming it's not immediately rented again).

That makes me think of another scenario.  If a purchased contract can be pointed to an external pool, could that pool be MRR?  I'd be able to rent my contract out on MRR.  Another thing I might try.

[BitJohn]

My experience thus far with Mintsy has been twofold: a purchased SHA256 mining contract (1TH/s for 90 days) and pointing my own hardware here.

First, here is the good news.  The mining contract which I purchased was given a boost to 2.5TH/s and extended.  This was an unexpected surprise and I'm very thankful for it.  I've actually got a relatively decent chance to come out positive now.

The UI is easy to navigate and you can switch coins at will.  If you've got a cryptsy account, you can hook it up directly using your trade key.  Any alt coins you mine get paid out to your cryptsy wallets automatically.  Bitcoin mining payouts are a manual process.  Stats are plentiful, too.  You can look at your average hash rate, see found blocks, pool hash rate, expected time to block, etc.

On the hardware side, I've had issues aplenty.  Since the pool is also listed in the alt coin service announcements, that's where I first reported my problems.  You can see my posts at this link: https://bitcointalk.org/index.php?topic=786492.msg11256333#msg11256333.

My main concern is that when my gear is pointed to this pool via MRR, it fails.  Even though I've got the latest version of cgminer with the nicehash #xnonce patch as required, it simply does not connect from MRR.  Workers are constantly restarting or refusing to hash and fall back to secondary pools.  When I connect my gear directly to the pool, things work as expected.

I have not attempted to connect to and mine external pools with either my contracted hash or my own gear, so I don't have any comment on others' experiences doing so.

Huh... I wonder if I could setup an infinite loop.  Here's the scenario:

I setup an external pool here for MRR.  On MRR, I setup my primary pool to point back here.  So, I'd be telling Mintsy to mine on MRR and MRR would say to mine on Mintsy.  I might try that for fun after my gear's current rental ends (assuming it's not immediately rented again).

That makes me think of another scenario.  If a purchased contract can be pointed to an external pool, could that pool be MRR?  I'd be able to rent my contract out on MRR.  Another thing I might try.

I shared this with the development team to see if we can better integrate the MRR stuff, and NiceHash. Thanks for the great feedback!

[ThePhwner]

I shared this with the development team to see if we can better integrate the MRR stuff, and NiceHash. Thanks for the great feedback!

Wondering if you have any feedback on the items I provided above. Specifically the functioning of your proxy and communication with renters. We spent a great deal of time trying to support your service and were quite disappointed.

Additionally, multiple posts here note the lack of response from support. Perhaps you could shed some light on that.

[bitsolutions]

A few things I'd like to note after using the beta and official product for several weeks:

1. The proxy remains inconsistent. Some pools do not work at all (Antpool) and some pools report double hash rate (F2Pool).

Odd that Antpool doesn't work.  I've seen the f2pool issue myself and know why it happens on certain poorly designed stratum proxies, it basically indicates a pretty bad flaw in the share validation logic which might even relate to the Antpool issue.

2. The current system is unfair to rig owners. There's no way to communicate with the renter, and in multiple instances, we've had a renter pick a bad pool. Then we get dinged with the fee, and the lost mining time. Per Mintsy policy, the decision to refund is based 100% on hash rate. In a system where owner and renter can communicate, we can provide support to ensure the renter is mining.

Hopefully your rigs were failing over, if they are not then Mintsy's proxy must have some serious issues.

[jonnybravo0311]

2. The current system is unfair to rig owners. There's no way to communicate with the renter, and in multiple instances, we've had a renter pick a bad pool. Then we get dinged with the fee, and the lost mining time. Per Mintsy policy, the decision to refund is based 100% on hash rate. In a system where owner and renter can communicate, we can provide support to ensure the renter is mining.

I like the way MRR handles this scenario.  If the renter's pool goes offline, or fails, and the renter doesn't have a backup, MRR effectively looks dead to your gear.  Your gear then fails over to whatever pools you've setup as backups so you as the rig owner don't lose any time.

For example, I've got my rigs setup like this:

pool 1 - stratum+tcp://us-east01.miningrigrentals.com:3333#xnsub
pool 2 - stratum+tcp://us-central01.miningrigrentals.com:3333#xnsub
pool 3 - stratum+tcp://104.131.12.128:9332

So, if a renter screws up, my gear fails over to my p2pool node.

@BitJohn, setting up something similar on Mintsy would be extremely useful, and alleviate the problem reported by ThePhwner.

[BitJohn]

2. The current system is unfair to rig owners. There's no way to communicate with the renter, and in multiple instances, we've had a renter pick a bad pool. Then we get dinged with the fee, and the lost mining time. Per Mintsy policy, the decision to refund is based 100% on hash rate. In a system where owner and renter can communicate, we can provide support to ensure the renter is mining.

I like the way MRR handles this scenario.  If the renter's pool goes offline, or fails, and the renter doesn't have a backup, MRR effectively looks dead to your gear.  Your gear then fails over to whatever pools you've setup as backups so you as the rig owner don't lose any time.

For example, I've got my rigs setup like this:

pool 1 - stratum+tcp://us-east01.miningrigrentals.com:3333#xnsub
pool 2 - stratum+tcp://us-central01.miningrigrentals.com:3333#xnsub
pool 3 - stratum+tcp://104.131.12.128:9332

So, if a renter screws up, my gear fails over to my p2pool node.

@BitJohn, setting up something similar on Mintsy would be extremely useful, and alleviate the problem reported by ThePhwner.

I will get with the developers and see what we can do.

[ThePhwner]

A few things I'd like to note after using the beta and official product for several weeks:

1. The proxy remains inconsistent. Some pools do not work at all (Antpool) and some pools report double hash rate (F2Pool).

Odd that Antpool doesn't work.  I've seen the f2pool issue myself and know why it happens on certain poorly designed stratum proxies, it basically indicates a pretty bad flaw in the share validation logic which might even relate to the Antpool issue.

2. The current system is unfair to rig owners. There's no way to communicate with the renter, and in multiple instances, we've had a renter pick a bad pool. Then we get dinged with the fee, and the lost mining time. Per Mintsy policy, the decision to refund is based 100% on hash rate. In a system where owner and renter can communicate, we can provide support to ensure the renter is mining.

Hopefully your rigs were failing over, if they are not then Mintsy's proxy must have some serious issues.

They were not failing over. This was the subject of 2 tickets which were simply closed after several days. For a few weeks the proxy seemed to be working, but we had 2 rental where the proxy messed up, the renter got nothing, we still had to pay our end of the fee, and lost all the mining time.

[lobogil]

Hey ThePhwner - you could take some of your own crap support advice:



and then:

Maybe you can choke on your Twinkies.

So happy to see this ex-BAN admin scammer getting the same treatment he gave to many others on his scam pool 

[bitsolutions]

They were not failing over. This was the subject of 2 tickets which were simply closed after several days. For a few weeks the proxy seemed to be working, but we had 2 rental where the proxy messed up, the renter got nothing, we still had to pay our end of the fee, and lost all the mining time.

That's pretty bad, if an upstream pool connection fails the proxy should either fail all the connections to a backup or cut all its downstream connections so the miners failover to backups. They also shouldn't rely on upstream hash-rate validation as it could be inaccurate due to extremely high diff or other weird pool issues it should be measured on the downstream miner connection side.

[malickie]

I bought a scrypt cloud miner from mintsy and sadly a Lot of External sites I point at do not function at all.  suprnova, nicehash/westhash etc.  So I went and just pointed at their own servers and so far so good there.  Just wish I could point the miner at different altcoins than mintsy has listed.  Pretty much when I figured out that issue I have just had the miner pointed at Litecoin in hopes that I will come out ahead of what I spent.

[ThePhwner]

They were not failing over. This was the subject of 2 tickets which were simply closed after several days. For a few weeks the proxy seemed to be working, but we had 2 rental where the proxy messed up, the renter got nothing, we still had to pay our end of the fee, and lost all the mining time.

That's pretty bad, if an upstream pool connection fails the proxy should either fail all the connections to a backup or cut all its downstream connections so the miners failover to backups. They also shouldn't rely on upstream hash-rate validation as it could be inaccurate due to extremely high diff or other weird pool issues it should be measured on the downstream miner connection side.

Agree completely. There's a lot of potential here for a great service but these are the exact weaknesses that caused us to pull all but 600 Gh/s. It's kind of fun to have a little hash there to mine some alts (MZC has been doing well past couple days) but it's not worth the effort to put our larger rentals up and risk this scenario. My guess is that digitalX doesn't have a big team behind Mintsy but its frustrating that these core issues remain unacknowledged and unaddressed.

We are used to the models/functions of the other sites, where true failover occurs if the renter picks a bad pool, etc.

I'd like to see these issues addressed, as again, there is potential here. Especially for anyone who likes a few alts on the side.

[ThePhwner]

I bought a scrypt cloud miner from mintsy and sadly a Lot of External sites I point at do not function at all.  suprnova, nicehash/westhash etc.  So I went and just pointed at their own servers and so far so good there.  Just wish I could point the miner at different altcoins than mintsy has listed.  Pretty much when I figured out that issue I have just had the miner pointed at Litecoin in hopes that I will come out ahead of what I spent.

Have you tried the iSpace pools? Just curious. There seems to be a pretty large list of external pools that don't work. It might make sense to restrict or disable this functionality until the proxy is functioning as it should.

[BitJohn]

I bought a scrypt cloud miner from mintsy and sadly a Lot of External sites I point at do not function at all.  suprnova, nicehash/westhash etc.  So I went and just pointed at their own servers and so far so good there.  Just wish I could point the miner at different altcoins than mintsy has listed.  Pretty much when I figured out that issue I have just had the miner pointed at Litecoin in hopes that I will come out ahead of what I spent.

Have you tried the iSpace pools? Just curious. There seems to be a pretty large list of external pools that don't work. It might make sense to restrict or disable this functionality until the proxy is functioning as it should.

I have put a group of testers on some of the pools mentioned. If you have a list of pools beyond what is posted already that you want me to figure out why its not mining list them here and we will see what the issue is. I am currently using multipool.us which is working with my contracts.

[ThePhwner]

To summarize my personal observations with external and Mintsy pools:

1. Antpool SHA-256 does not work.

2. WestHash SHA-256 did not work last time we tried ~ 2 weeks ago

3. F2Pool SHA-256 works properly but double reports hashrate.
--I have seen this with rentals too. I cannot see what pool renter picks but some rentals show well over the speed of the rig.

4. The PPCoin pool looks stuck. Even when I pointed hash to it, it showed no accepted shares or change in the hash of the pool.

5. The other SHA-256 Mintsy pools appear to work well. We use ACoin, MazaCoin, Unbreakable, and Unobtainium regularly.

[bitsolutions]

1. Antpool SHA-256 does not work.
2. WestHash SHA-256 did not work last time we tried ~ 2 weeks ago
3. F2Pool SHA-256 works properly but double reports hashrate.
--I have seen this with rentals too. I cannot see what pool renter picks but some rentals show well over the speed of the rig.

Out of all of these the only one that doesn't make sense is Antpool as that's overall a pretty standard pool, could be an IP block or something like that but I haven't had issues like this there before.
Westhash/Nicehash will depend a lot on the proxy implementation but it is by far the hardest pool to get a proxy working properly due to obvious reasons.
The F2Pool bug is just a flaw in how the proxy handles share validation, now that I think about it a renter might be able to exploit this type of bug and get free hashpower(depending on proxy implementation details).

[alani123]

1. Antpool SHA-256 does not work.
2. WestHash SHA-256 did not work last time we tried ~ 2 weeks ago
3. F2Pool SHA-256 works properly but double reports hashrate.
--I have seen this with rentals too. I cannot see what pool renter picks but some rentals show well over the speed of the rig.

Out of all of these the only one that doesn't make sense is Antpool as that's overall a pretty standard pool, could be an IP block or something like that but I haven't had issues like this there before.
Westhash/Nicehash will depend a lot on the proxy implementation but it is by far the hardest pool to get a proxy working properly due to obvious reasons.
The F2Pool bug is just a flaw in how the proxy handles share validation, now that I think about it a renter might be able to exploit this type of bug and get free hashpower(depending on proxy implementation details).

It also didn't work for me. I didn't bother contacting support as slush's pool worked and it's no difference to me. Thing is, my hashrate has been REALLY unstable. When mining in an external pool my workers went offline very often even when I had 100% of my hashrate allocated there. So I ended up pointing all my hashrate at mintsy's pool, but it's still really unstable. I was hoping that the payouts would at least be consistent, 100 Gh/s (the rate I paid for) would have been making 0.001 BTC. I understand that the hashrate can be unstable, but if it keeps like that, I'm not even going to come close to what I paid for the plan. Every payout I get each day has been well below what 100 Gh/s could have mined. Some days I don't even get a payout at all.

I like the idea of buying mining contracts that can be pointed to external pools, but so far, I'm not really having a great experience with mintsy.

[ThePhwner]

1. Antpool SHA-256 does not work.
2. WestHash SHA-256 did not work last time we tried ~ 2 weeks ago
3. F2Pool SHA-256 works properly but double reports hashrate.
--I have seen this with rentals too. I cannot see what pool renter picks but some rentals show well over the speed of the rig.

Out of all of these the only one that doesn't make sense is Antpool as that's overall a pretty standard pool, could be an IP block or something like that but I haven't had issues like this there before.
Westhash/Nicehash will depend a lot on the proxy implementation but it is by far the hardest pool to get a proxy working properly due to obvious reasons.
The F2Pool bug is just a flaw in how the proxy handles share validation, now that I think about it a renter might be able to exploit this type of bug and get free hashpower(depending on proxy implementation details).

It also didn't work for me. I didn't bother contacting support as slush's pool worked and it's no difference to me. Thing is, my hashrate has been REALLY unstable. When mining in an external pool my workers went offline very often even when I had 100% of my hashrate allocated there. So I ended up pointing all my hashrate at mintsy's pool, but it's still really unstable. I was hoping that the payouts would at least be consistent, 100 Gh/s (the rate I paid for) would have been making 0.001 BTC. I understand that the hashrate can be unstable, but if it keeps like that, I'm not even going to come close to what I paid for the plan. Every payout I get each day has been well below what 100 Gh/s could have mined. Some days I don't even get a payout at all.

I like the idea of buying mining contracts that can be pointed to external pools, but so far, I'm not really having a great experience with mintsy.

I'm hoping you can clarify this a bit - you mentioned that payouts some days are less than what 100 Gh/s  should earn... but you are also mining at PPLNS pools... I'm mining with my own hardware so the Mintsy contracts aren't an issue for me, so much as the proxy and it not working with certain pools. Not to mention if you're mining the Altcoin pools whether you'll make the PPS amt of BTC or equivalent is also a gamble, again factoring in that Mintsy pools use a PPLNS model.

[alani123]

I'm hoping you can clarify this a bit - you mentioned that payouts some days are less than what 100 Gh/s  should earn... but you are also mining at PPLNS pools... I'm mining with my own hardware so the Mintsy contracts aren't an issue for me, so much as the proxy and it not working with certain pools. Not to mention if you're mining the Altcoin pools whether you'll make the PPS amt of BTC or equivalent is also a gamble, again factoring in that Mintsy pools use a PPLNS model.

I'm using the contract's hash power, not pointed to external pools. I figured that mining to external pools wasn't ideal since my workers there were going offline often. Support agent I got a reply from was trying to be helpful, but I'm not blaming him/her since I guess there's no way for support agents to fix such issues.

I'm still giving mitsy the benefit of the doubt though, hopefully they'll find a way to fix serious issues soon.

[ThePhwner]

Hm we have another problem here:

As of 5/15 UNO is merge mined with BTC. However the Mintsy UNO pool appears to be in operation. Not sure what this means but the UNO network did hit 1.2 Ph/s at one point. I know the Mintsy pool is no longer finding blocks...

I also have not seen a response on the PPC pool being stuck for close to 7 weeks now.

[bitsolutions]

I would like to know how a proxy could give out a nonce2len larger than the upstream pools they connect to.
It would appear whoever made this proxy fucked that up big time.
You are basically going to be mining on garbage because of this and won't failover, this would be why the miners would be mining but the renter was getting no pool side credit and no hashrate was showing up.
Mintsy should probably comp mining rig operators that they took refunds from since the hashrate was being provided but mintsy was not giving the hashrate to the renter due to messed up internal settings.

[ThePhwner]

Well it appears the UNO pool is now offline. No word on whether it's merged with any of the other SHA coins, but I'd like to see Mintsy follow iSpace's lead and merge UNO with all the other SHA coins.

EDIT: We've moved our altcoin mining to MMPool and iSpace until Mintsy can get things sorted out with pools and proxy.

[ThePhwner]

I would like to know how a proxy could give out a nonce2len larger than the upstream pools they connect to.
It would appear whoever made this proxy fucked that up big time.
You are basically going to be mining on garbage because of this and won't failover, this would be why the miners would be mining but the renter was getting no pool side credit and no hashrate was showing up.
Mintsy should probably comp mining rig operators that they took refunds from since the hashrate was being provided but mintsy was not giving the hashrate to the renter due to messed up internal settings.

In more than one support ticket I pointed out that Mintsy should be comping people in this scenario and the tickets were simply closed. I'm not sure if there just simply aren't enough resources to attend to maintaining this site but the banners are all over Cryptsy, amongst other places, and it just doesn't work right. Seems like its time to either hire some more devs or shut 'er down.

[efire54]

What is it?  

Contract 100gh (OMG - 1200gh max )
Income 0 coin, pool - MZC Mining Pool.

[alani123]

What is it?  

Contract 100gh (OMG - 1200gh max )
Income 0 coin, pool - MZC Mining Pool.

Also have a 100 Gh/s contract. Mine spikes at 22 Th/s for a second today but overall it's the same. Unstable hashrate and payouts, same from day 1.

[wonko]

Hey guys, I bought some sha256 shares and have been running them for several weeks now.  Would love to report on it and also get some feedback from mintsy themselves.

I purchased 90 day SH256 minings shares.  After a few weeks of mining the ROI is 143 days.  This is a guaranteed loss.  i'm interested if Mintsy will do something extra for us?  If we I can edit my review

It's been running a while now so even if luck does come into play I don't see how I'll earn my money back.  Hopefully Mintsy will comment or change their service but in the meantime I highly recommend that people do not invest.

[alani123]

Hey guys, I bought some sha256 shares and have been running them for several weeks now.  Would love to report on it and also get some feedback from mintsy themselves.

I purchased 90 day SH256 minings shares.  After a few weeks of mining the ROI is 143 days.  This is a guaranteed loss.  i'm interested if Mintsy will do something extra for us?  If we I can edit my review

It's been running a while now so even if luck does come into play I don't see how I'll earn my money back.  Hopefully Mintsy will comment or change their service but in the meantime I highly recommend that people do not invest.

Yeah, their cloud hashing isn't worth it as it is now. And from what it seems there's not much their support can do about it too. I was encouraged to contact them after noticing my hashrate is unstable and my workers go offline when mining at external pools. The reply I got from the support wasn't that helpful.

[ThePhwner]

We recently got some new Scrypt HW and tried Mintsy as part of our testing; for anyone using Alcheminers you will get 100% rejects using Mintsy.

[CryptoSalad]

How well do the scrypt miners compare on here are they worth it to RIO on it or nowhere near. Was looking into other cloud contract people who have 50% fee and take too long to brake even on equipment.

1 TH costs around $800 with them and would never brake even that's on a 5 year contract for sha.

Is mintsy any better on the scrypt side of things or waste of $ put into it?

[kode54]

I just bought a 100MH/s Scrypt contract, and it's been sitting inactive all night. Probably for the best anyway, since when I got frustrated about it not doing anything, I deleted my Fastcoin directory, which included the wallet containing the private key for the address I configured to use with the mining pool.

Do let me know if it's worth my while to keep this 92 days worth of hashing that doesn't appear to be hashing at all. From what I can tell from the terms of my contract, you guys can sit on my contract until 2018 if it doesn't immediately push out any hashing power.

EDIT: Nearly 48 hours, still no hashing whatsoever. I was mistaken, the 140MH/s for less than 15 minutes that hit the mining pool I configured was for a different payout address than the one I used.

[CryptoSalad]

I just bought a 100MH/s Scrypt contract, and it's been sitting inactive all night. Probably for the best anyway, since when I got frustrated about it not doing anything, I deleted my Fastcoin directory, which included the wallet containing the private key for the address I configured to use with the mining pool.

Do let me know if it's worth my while to keep this 92 days worth of hashing that doesn't appear to be hashing at all. From what I can tell from the terms of my contract, you guys can sit on my contract until 2018 if it doesn't immediately push out any hashing power.

EDIT: Nearly 48 hours, still no hashing whatsoever. I was mistaken, the 140MH/s for less than 15 minutes that hit the mining pool I configured was for a different payout address than the one I used.

set custom pool to only use scrypt and not have litecoin or anything else in coin as seems tehy got problems with their scrypts and services detecting and onlu US pools seem to be working good EU and p2p pools are a nightmare and any EU pools do not work good. clevermining works smooth for a while and still messes up on ash power being way below and support say if is below it boots up the power of hash speed until its at what should of been and to be honest I wont be buying any more contracts as their average for 10MH is under 2MH or the last week mining.

[CryptoSalad]

does OP even come in here giving support seems not and support tickets get left unanswered or get answered but not solving questions as to why hash never goes to what contract is meant to be.

[salfter]

After taking a bit of a break from mining, I'm looking at maybe getting back in.  My Gridseeds will probably cost more to operate than they'll earn back, but there's a chance the Antminer S1s might still eke out a profit if they mine altcoins.  I might also throw some money into rentals so I'm not warming up my condo unnecessarily.

Anyway, thought I'd take a look at Mintsy, from a standpoint of running my existing miners through it and possibly renting miners in the future.  I set up a couple of workers, set them to use an external pool, and switched my Antminers over.  No hashrate showed up at the remote pool.  I tried switching to Mintsy's Bitcoin pool...still no dice.  Looking at the web interface for the miners, they say Mintsy's dead.  They had been out of service for a few months, so I pull the latest version of cgminer from https://github.com/kanoi/cgminer-binaries/tree/master/AntS1 and install it...still no dice.  I also found binaries at https://github.com/7queue/cgminer-ckolivas/tree/master/bin that mention extranonce.subscribe support, but that also made no difference.

One other suggestion: Mintsy really should support TOTP two-factor authentication.  SMS is clunky for the purpose.  I already have Google Authenticator installed for a bunch of other websites (including Cryptsy) and would rather not have to install yet another 2FA app.

[jonnybravo0311]

After taking a bit of a break from mining, I'm looking at maybe getting back in.  My Gridseeds will probably cost more to operate than they'll earn back, but there's a chance the Antminer S1s might still eke out a profit if they mine altcoins.  I might also throw some money into rentals so I'm not warming up my condo unnecessarily.

Anyway, thought I'd take a look at Mintsy, from a standpoint of running my existing miners through it and possibly renting miners in the future.  I set up a couple of workers, set them to use an external pool, and switched my Antminers over.  No hashrate showed up at the remote pool.  I tried switching to Mintsy's Bitcoin pool...still no dice.  Looking at the web interface for the miners, they say Mintsy's dead.  They had been out of service for a few months, so I pull the latest version of cgminer from https://github.com/kanoi/cgminer-binaries/tree/master/AntS1 and install it...still no dice.  I also found binaries at https://github.com/7queue/cgminer-ckolivas/tree/master/bin that mention extranonce.subscribe support, but that also made no difference.

One other suggestion: Mintsy really should support TOTP two-factor authentication.  SMS is clunky for the purpose.  I already have Google Authenticator installed for a bunch of other websites (including Cryptsy) and would rather not have to install yet another 2FA app.

I've successfully pointed my miners to mintsy (I use S3s) directly, but routing from MRR to mintsy doesn't work at all - unless they've since fixed the issue, it's been a while since I tested it.  I have the extranonce patched cgminer 4.7 for the S3 (from NiceHash) and it works out fine.  I'm not sure about the S1s since I sold mine last year.

Mintsy does indeed use 2FA... I have it setup on my account using Authy.  Go to "My Profile" and you'll see a "Two Factor Authentication" panel where you can set it up.

[salfter]

I have the extranonce patched cgminer 4.7 for the S3 (from NiceHash) and it works out fine.  I'm not sure about the S1s since I sold mine last year.

That, I think, is what was at the second GitHub link I posted...tried the NiceHash link provided by Mintsy, but got an error page from Cloudflare. Once I found it at GitHub and transferred it over, I tried it out.  It didn't work any better than the other ones.  I'm currently running with the binaries from the first link, which identify as "cgminer 4.9.1c."

(Cloudflare, BTW, needs to DIAF, but that's another issue. )

Mintsy does indeed use 2FA... I have it setup on my account using Authy.  Go to "My Profile" and you'll see a "Two Factor Authentication" panel where you can set it up.

I saw that.  I don't want to install yet another app.  Everyone else uses TOTP (or, rarely, HOTP), as those are the standards with RFCs to back them up.

[Framauro]

Can somebody please explain how mintsy works?

I bought one contract of 10 mh/s and mining ltc on the mintsy pool, but where can i see how many ltc i already mined??

And how do i point an external pool?? i tried wemineltc and coinotron, but nothing works only mintsy's own pool works.

Thanks,
framauro

[sirslayer]

Can somebody please explain how mintsy works?....

ok  wow, its a website were you can buy contracts and rent miners to mined cryptocoins from mintsy own pools or 3rd party pool you prefer.. i had a 3 month contract and i got mixed feelings over it.. not from the mining but from the service, i felt that their are kids running lemonade stands more organized then mintsy..  and they dont seam to want my money.. as in the customers are always right.. maybe an american thing.. 

if you are a beginner ..  first goto cryptsy.com and create an account and create address for your coins wallet that you see in mintsy pool list     

[Framauro]

Can somebody please explain how mintsy works?....

ok  wow, its a website were you can buy contracts and rent miners to mined cryptocoins from mintsy own pools or 3rd party pool you prefer.. i had a 3 month contract and i got mixed feelings over it.. not from the mining but from the service, i felt that their are kids running lemonade stands more organized then mintsy..  and they dont seam to want my money.. as in the customers are always right.. maybe an american thing.. 

if you are a beginner ..  first goto cryptsy.com and create an account and create address for your coins wallet that you see in mintsy pool list     

Ok..... you took my whole question out of context, i'm asking where i can see how many ltc i already mined on mintsy pool and why are external pools not working.

I'm mining for 3 years now and have a cryptsy account.

[djeZo]

Can somebody please explain how mintsy works?....

ok  wow, its a website were you can buy contracts and rent miners to mined cryptocoins from mintsy own pools or 3rd party pool you prefer.. i had a 3 month contract and i got mixed feelings over it.. not from the mining but from the service, i felt that their are kids running lemonade stands more organized then mintsy..  and they dont seam to want my money.. as in the customers are always right.. maybe an american thing.. 

if you are a beginner ..  first goto cryptsy.com and create an account and create address for your coins wallet that you see in mintsy pool list     

Ok..... you took my whole question out of context, i'm asking where i can see how many ltc i already mined on mintsy pool and why are external pools not working.

I'm mining for 3 years now and have a cryptsy account.

Because this service is just another ponzi as it looks like. If you read whole thread, you will see that every single person is complaining how bad it works. Don't bother with it and move on, there are way better services out there that will not rip you off.

This service just shows how a good idea and concept is turned into a disaster if there are no proper programmers to code the service's backend. Probably Big Vern invested thousands of bitcoins into this, but at the end this crap was created.

[sirslayer]

Fram...  if you go to the mintsy pool and select  LTC Mining Pool.   it gives you this..  the  Your Round Shares ( )  is what you mined in shares..  Mintsy is a PPLNB so having a estimate of coins would be inaccurate ... some sites didnt work and coinotron is one of them..  that sucks because its a good pool..


 LTC Mining Pool (Scrypt Algorithm)

 
Active Workers:   142
Total Round Shares:   14223976448
Your Round Shares:   0
Difficulty:   46285.259
Estimated Block Time:   2825.33 minutes
Time Since Block:   7196.23 minutes
Potential:   25.48524859 LTC/Day
Actual:   0.00000000 LTC/24Hrs

[sirslayer]

djeZo

 the cloud mining does work and Mintsy suffer from poor help desk service....  I understand whats a ponzi scam.. i have been a victim of it..  I had a contract with Mintsy and they delivered.  they just need help desk to be more tech savvy 

[alani123]

Welp, the results are in. And unsurprisingly they're just disappointing. My contract stopped mining about a week ago and it seems like the inconsistencies in the hash rate continued throughout its duration the entire time. Needless to say that I didn't achieve ROI. If only the hashrate was consistent as promised I would have achieved a very positive ROI but nope. No one cared to look into the "issues that developers are looking into" as the support told me after I messaged them days after getting the contract. I don't know If I should ask for my money back at this point or just accept the loss.

Anyway, to summarise, stay way from minty's contracts. False promises everywhere. Too bad I trusted BitJohn for having a good reputation with cryptsy.

[Framauro]

Fram...  if you go to the mintsy pool and select  LTC Mining Pool.   it gives you this..  the  Your Round Shares ( )  is what you mined in shares..  Mintsy is a PPLNB so having a estimate of coins would be inaccurate ... some sites didnt work and coinotron is one of them..  that sucks because its a good pool..


 LTC Mining Pool (Scrypt Algorithm)

 
Active Workers:   142
Total Round Shares:   14223976448
Your Round Shares:   0
Difficulty:   46285.259
Estimated Block Time:   2825.33 minutes
Time Since Block:   7196.23 minutes
Potential:   25.48524859 LTC/Day
Actual:   0.00000000 LTC/24Hrs

Thanks for explaining, minsty is still in beta, so i hope in the future other mining pools will be supported, like coinotron or litecoinpool.

I'm mining now on multipool with 2 contracts and it's mining fine.

Did you try or know other external pools that's working with mintsy??

[surfguy72]

Fram...  if you go to the mintsy pool and select  LTC Mining Pool.   it gives you this..  the  Your Round Shares ( )  is what you mined in shares..  Mintsy is a PPLNB so having a estimate of coins would be inaccurate ... some sites didnt work and coinotron is one of them..  that sucks because its a good pool..


 LTC Mining Pool (Scrypt Algorithm)

 
Active Workers:   142
Total Round Shares:   14223976448
Your Round Shares:   0
Difficulty:   46285.259
Estimated Block Time:   2825.33 minutes
Time Since Block:   7196.23 minutes
Potential:   25.48524859 LTC/Day
Actual:   0.00000000 LTC/24Hrs

Thanks for explaining, minsty is still in beta, so i hope in the future other mining pools will be supported, like coinotron or litecoinpool.

I'm mining now on multipool with 2 contracts and it's mining fine.

Did you try or know other external pools that's working with mintsy??

Which multipool is working?

[Framauro]

Fram...  if you go to the mintsy pool and select  LTC Mining Pool.   it gives you this..  the  Your Round Shares ( )  is what you mined in shares..  Mintsy is a PPLNB so having a estimate of coins would be inaccurate ... some sites didnt work and coinotron is one of them..  that sucks because its a good pool..


 LTC Mining Pool (Scrypt Algorithm)

 
Active Workers:   142
Total Round Shares:   14223976448
Your Round Shares:   0
Difficulty:   46285.259
Estimated Block Time:   2825.33 minutes
Time Since Block:   7196.23 minutes
Potential:   25.48524859 LTC/Day
Actual:   0.00000000 LTC/24Hrs

Thanks for explaining, minsty is still in beta, so i hope in the future other mining pools will be supported, like coinotron or litecoinpool.

I'm mining now on multipool with 2 contracts and it's mining fine.

Did you try or know other external pools that's working with mintsy??

Which multipool is working?

https://www.multipool.us

[surfguy72]

Fram...  if you go to the mintsy pool and select  LTC Mining Pool.   it gives you this..  the  Your Round Shares ( )  is what you mined in shares..  Mintsy is a PPLNB so having a estimate of coins would be inaccurate ... some sites didnt work and coinotron is one of them..  that sucks because its a good pool..


 LTC Mining Pool (Scrypt Algorithm)

 
Active Workers:   142
Total Round Shares:   14223976448
Your Round Shares:   0
Difficulty:   46285.259
Estimated Block Time:   2825.33 minutes
Time Since Block:   7196.23 minutes
Potential:   25.48524859 LTC/Day
Actual:   0.00000000 LTC/24Hrs

Thanks for explaining, minsty is still in beta, so i hope in the future other mining pools will be supported, like coinotron or litecoinpool.

I'm mining now on multipool with 2 contracts and it's mining fine.

Did you try or know other external pools that's working with mintsy??

Which multipool is working?

https://www.multipool.us

Thanks,  working, but I feel my hash is low.  I'll wait around and see

[sirslayer]

my top three multipool that mintsy worked well without high stales and errors

1  Cex.io .. easy to use multipool
2 Ipominer ...  always new coins to mine and supports merged coin in the multipool, Cex.io dont do merge mining in thier multipool.. their bitcoin and litecoin only pool does the merge mining
3. ispace ...  haves different flavors of multipool options .. even a low diff. multipool for cpus and gpus !!! and merged mining
 
theres other multipools that also worked but im not telling

[surfguy72]

Yeah, super unstable hashrate. Seems to go up and down more than a (insert joke here )

[boki15]

Many negative reports about sha contracts. I bought 2 scrypt contrtacts, payed 0,33btc and earned after 4 days 0,18.

What did I do special? Nothing, just mining POT and selling to the highest bidder.

Can anyone report own experience with your scrypt contracts, especially if it differs from my?

They are in Beta stage and these are negative aspects currently (speaking only for myself):

• Contracts are not rentable
• Misleading info. When you buy contract, you can see that it is tradeable, but contract market is "Contract Trading Coming Soon".
• On contract details and FAQ, there is no word about renting. Currently renting of own contracts is not possible. In my case, I bought them to rent, which was not possible
• Hashrate: I read some reports about unstable hashrate. I got 200%-1000% of purchased, which could mean that I got hashrate from someone else, but does not mean that I did not get this hashrate from unsold contracts. Mintsy never replied with an explanation what is going on with their hashrate and how much does everybody get. I can confirm that their shown hashrate is wrong. I rent my own rigs there and I've set cgmonitor which actually always shows correct hashrate. If I look at the hashrate of my miner, it shows correct hashrate, looking at the hashrate my renter got, it shows 300%. This is a big mess, especially because renter and rig owner do not have possibility to communicate and refunds are initiated 24hours after the rent is over, which is for crypto, especially for altcoins, it's very long time

There are many cloud services around which are 100% not legit. Until now, Mintsy is far from being accused as a scam, it's just a beta system of an unfinished code.

It's nice to see that someone tries (Mintsy) to create an transparent and legit service and it's great that Vern supports this idea, but whoever is running and developing mintsy, please hire some experienced devs to help your active dev/devs, it's obvious that they are overloaded or there is a problem they are not able to solve by themself, get a good project manager and hire additional devs to pass testing phase.

[surfguy72]

Many negative reports about sha contracts. I bought 2 scrypt contrtacts, payed 0,33btc and earned after 4 days 0,18.

What did I do special? Nothing, just mining POT and selling to the highest bidder.

Can anyone report own experience with your scrypt contracts, especially if it differs from my?

They are in Beta stage and these are negative aspects currently (speaking only for myself):

• Contracts are not rentable
• Misleading info. When you buy contract, you can see that it is tradeable, but contract market is "Contract Trading Coming Soon".
• On contract details and FAQ, there is no word about renting. Currently renting of own contracts is not possible. In my case, I bought them to rent, which was not possible
• Hashrate: I read some reports about unstable hashrate. I got 200%-1000% of purchased, which could mean that I got hashrate from someone else, but does not mean that I did not get this hashrate from unsold contracts. Mintsy never replied with an explanation what is going on with their hashrate and how much does everybody get. I can confirm that their shown hashrate is wrong. I rent my own rigs there and I've set cgmonitor which actually always shows correct hashrate. If I look at the hashrate of my miner, it shows correct hashrate, looking at the hashrate my renter got, it shows 300%. This is a big mess, especially because renter and rig owner do not have possibility to communicate and refunds are initiated 24hours after the rent is over, which is for crypto, especially for altcoins, it's very long time

There are many cloud services around which are 100% not legit. Until now, Mintsy is far from being accused as a scam, it's just a beta system of an unfinished code.

It's nice to see that someone tries (Mintsy) to create an transparent and legit service and it's great that Vern supports this idea, but whoever is running and developing mintsy, please hire some experienced devs to help your active dev/devs, it's obvious that they are overloaded or there is a problem they are not able to solve by themself, get a good project manager and hire additional devs to pass testing phase.

Thanks for your comments, I concur with most of it.

Pot that profitable though?  Still figuring the math on that

*** I don't see 2 scrypt contracts totalling that little, did you have coupon code?  Given how low my hashrate has been, I can see someone having the opposite luck.

[sirslayer]

litecoin is the reason on the luck....   hummmmmm

[boki15]

Many negative reports about sha contracts. I bought 2 scrypt contrtacts, payed 0,33btc and earned after 4 days 0,18.

What did I do special? Nothing, just mining POT and selling to the highest bidder.

Can anyone report own experience with your scrypt contracts, especially if it differs from my?

They are in Beta stage and these are negative aspects currently (speaking only for myself):

• Contracts are not rentable
• Misleading info. When you buy contract, you can see that it is tradeable, but contract market is "Contract Trading Coming Soon".
• On contract details and FAQ, there is no word about renting. Currently renting of own contracts is not possible. In my case, I bought them to rent, which was not possible
• Hashrate: I read some reports about unstable hashrate. I got 200%-1000% of purchased, which could mean that I got hashrate from someone else, but does not mean that I did not get this hashrate from unsold contracts. Mintsy never replied with an explanation what is going on with their hashrate and how much does everybody get. I can confirm that their shown hashrate is wrong. I rent my own rigs there and I've set cgmonitor which actually always shows correct hashrate. If I look at the hashrate of my miner, it shows correct hashrate, looking at the hashrate my renter got, it shows 300%. This is a big mess, especially because renter and rig owner do not have possibility to communicate and refunds are initiated 24hours after the rent is over, which is for crypto, especially for altcoins, it's very long time

There are many cloud services around which are 100% not legit. Until now, Mintsy is far from being accused as a scam, it's just a beta system of an unfinished code.

It's nice to see that someone tries (Mintsy) to create an transparent and legit service and it's great that Vern supports this idea, but whoever is running and developing mintsy, please hire some experienced devs to help your active dev/devs, it's obvious that they are overloaded or there is a problem they are not able to solve by themself, get a good project manager and hire additional devs to pass testing phase.

Thanks for your comments, I concur with most of it.

Pot that profitable though?  Still figuring the math on that

*** I don't see 2 scrypt contracts totalling that little, did you have coupon code?  Given how low my hashrate has been, I can see someone having the opposite luck.

I was not going for most profitable coin, I was going for most stable pool. Mining LTC gave me exact hashrate that I bought, POT showed much more, 50Mh contracts were mining with 200-300Mh in last couple of days, which is 400-600%. Taking this in maths would maybe explain how I actually have already 70% of my ROI.

As I was renting there too, I have multiple tickets regarding hashrate, where for the renter it is shown almost double higher then the real one, mining on external pool shows (in most cases ) "real" hashrate, but it depends still on the pool, there are some pools which Mintsy also shows in double rate, for me it really looks like a bug. Ie, if you make 2 workers, each 1Mh, in sum 2Mh, then you create a new worker and use it's pool for your 2Mh to mine on some pool, their system would show your total hashrate sum 4Mh, would it be correct from a system to recognise that it is 2Mh or is it ok to assume 4Mh? Knowing this fact I was curios if it is the same bug or do I really get so much. According to my contributed shares on mintsy, 400-600% are correct, giving the amount of POT like if I would mine with 200-300Mh.

It would be interesting to find out if they add their own hashrate or is it an uncontroled bug where some of the customers hashrate counts to another account. Maybe some transparency regarding this question would be nice from Mintsy.

I hope that there are no/not many mintsy customers who lost their hashrate, I am really sorry you got unlucky, but I do not think it has anything with luck to do, it's beta system and there are some glitches.


EDIT: No I did not use coupon code, I was asking them multiple times to give me some as I wanted to test their system but had to pay full price.

*** I don't see 2 scrypt contracts totalling that little,...?

10Mh costs $ 59, in moment I bought it 54 €

[sirslayer]

i paid this for scrypt.. @ mintsy

3 Month Scrypt Contract @ 10 MH/s   $177.00   Bitcoin   2015-03-16 @ 21:00:10   Cleared

and of course

leased rigs not hashing #3498
Created on Sun, 12 Jul at 9:25 PM Agent: Leah
THIS TICKET HAS BEEN CLOSED
renting sha rigs #3497
Created on Sun, 12 Jul at 4:40 PM Agent: Leah
THIS TICKET HAS BEEN CLOSED
poor service #2938
Created on Thu, 18 Jun at 1:55 AM Agent: Horus
THIS TICKET HAS BEEN CLOSED
low hash #2819
Created on Fri, 12 Jun at 7:51 AM Agent: Horus
THIS TICKET HAS BEEN CLOSED
rig rental #2450
Created on Wed, 27 May at 2:07 PM Agent: Leah
THIS TICKET HAS BEEN CLOSED
rig rentals #2358
Created on Sat, 23 May at 4:18 PM Agent: Leah
THIS TICKET HAS BEEN CLOSED
rig rentals #2319
Created on Fri, 22 May at 1:29 PM Agent: Leah
THIS TICKET HAS BEEN CLOSED
hashing has been low .. #2028
Created on Sun, 10 May at 8:55 PM Agent: Leah
THIS TICKET HAS BEEN CLOSED
contracts #1707
Created on Tue, 28 Apr at 4:22 PM Agent: Leah
THIS TICKET HAS BEEN CLOSED
rig rentals #1597
Created on Mon, 20 Apr at 5:30 PM Agent: Leah
« Previous123Next »


im still burned that they gave me a refund then to reimburse lost down time due to development... i had a downtime for almost a month... i just wanted my month of mining..  not btc but i had no choice and i dont want to complain  why are the hash rates on not a consistent but rather on a average..  do they know anything about load balance??   well back to the sha contract... how about the 100 ghs 30 day??  lol     

[surfguy72]

My contracts went from over performing now down to under performing.  Mintsy, you are sure Beta.

[boki15]

I got reply that the underperformance is due to the glitches that they have and as my miners were running with higher hashrate, it's ok to lower it, which is highly under question if this is ok. On other side it's beta, I would say it's even working great as beta if I would know that beta will be finished in next 1-2 weeks, which does not happen.

Word beta means for me currently, take care and do not invest, if you invest, then you are a upayed tester where it could even happen that you get nothing, means like always, do not invest what you can't afford (I hate this sentence, everybody can afford anything, it's just a question of brains and luck). From this point of view I am ready to support them with limited resources for beta phase.

[ml73]

Last payout from bitcoin mining pool 14.07...10 days ago !!
Last block founded 11 days ago !!

[MrManiac]

My 3 and 6 month deal workers in scrypt side been "inactive" for last 24h  .. not looking good at all. Also hashrate are way too low for a long time 

[MrManiac]

My 3 and 6 month deal workers in scrypt side been "inactive" for last 24h   .. not looking good at all. Also hashrate are way too low for a long time  

Wow, they come back active with -66% hashrate  

edit. and soon back to inactive 

[surfguy72]

Mine are inactive too.  LTC must be too profitable for them to pass up the opportunity to mine for themselves.

[Framauro]

multipool.us is not working for me anymore, anyone same problem??

[BTC Buddy]

You can call this service beta but in reality it is pure and simple shit. Support is also shit or is that in beta too.
Two different tickets, same canned response.

Purchased a 3 month 250 gh/s contract that won't connect to an outside pool and has been averaging 56 ghs/s.

Also rented a miner six hours ago and have not seen 1 hash.

I am not sure if this is s scam/ponzi or what but this is ridiculous.  Learn from my $70 mistake and stay the fuck away

[okg]

My contracts that are 2 weeks old are missing hashrate for 24h+ now. I got a mail last night that they had problems that where going to be solved in a couple of hours. Anyone know what is going on.

[wonko]

All of my contracts have been changed to "Inactive" dunno maybe their data center is down or something

[efire54]

All of my contracts have been changed to "Inactive" dunno maybe their data center is down or something

My contract inactive too. The support answer me.

Thank you for contacting Mintsy. My apologies for the downtime. This is a known issue with our Scrypt contracts which are currently under maintenance. Our developers are aware of this and are working on a fix. Please allow some time for them to resolve this issue. Rest assured this is being worked on and your worker will be back online shortly. Once back online your workers will be compensated with more hashing power than promised in the contract.

[BTC Buddy]

All of my contracts have been changed to "Inactive" dunno maybe their data center is down or something

My contract inactive too. The support answer me.

Thank you for contacting Mintsy. My apologies for the downtime. This is a known issue with our Scrypt contracts which are currently under maintenance. Our developers are aware of this and are working on a fix. Please allow some time for them to resolve this issue. Rest assured this is being worked on and your worker will be back online shortly. Once back online your workers will be compensated with more hashing power than promised in the contract.

Me too.

I guess my question is why are they still taking money for contracts that they can't fill.  I requested a refund and I was told once the contract is done then I can get a refund.  So basically they took my money and will hold it for 3 months then give it back.  Or worse, get it fixed and ramp up my speed for the last month so the average meets contract details. 

No one has ever sent and email out stating they are having issues ( major issues).  All I got was a canned response in reply to a ticket.  I don't expect to be notified for every little glitch or reboot but this seems like a major issue ( shit hasn't been running for days )

Either way, it is not good. Frankly, I am getting better service from a collapsing ponzi scheme than these guys. 

 

[sirslayer]

BTC Buddy

I agree!!  I been a victim of a ponzi and yes they did give a better service that they dreamed up

[jonnybravo0311]

So, my contract has completed, and I thought I'd share my thoughts here.  When I initially bought my contract, I did so with a coupon code I had received offering me a discounted price.  So, I purchased a 1TH/s SHA256 3 month contract.

Shortly after my purchase, Mintsy changed their contracts, and upgraded me from 1TH/s to 2.5TH/s, also extending my contract duration.  At this point, I was quite happy with the service.

I tried a few of the options available to me - using Mintsy pools, my own external pools, etc.  I didn't have much luck getting external pools to work, but the Mintsy BTC pool worked just fine, so that's where I kept my contracted hashing power.  I also tried to use my own hardware to mine at the Mintsy BTC pool.  Relaying through MRR didn't work at all; however, just pointing my gear directly at the pool worked out alright.

So... where did things go wrong?  It wasn't for a while into my contract until things started to go awry.  Where my hash rate had been very consistent early on, it spiked wildly.  Hours would go by where no hash rate at all was reported, then it would spike up to some higher amount for a bit to attempt to compensate.  Well, I wasn't too bothered by this because even though the graphs were showing bursty traffic, the average was close to the contracted amount.  Unfortunately, then the payouts were way off.  Even though I should have been credited for what my average hash rate was showing, the payouts didn't come close to reflecting that value.

I opened a number of tickets with support to explain my issues.  I would typically receive a quick reply, even if it was a canned response about being compensated at the end of my contract if necessary.  My biggest problem with support was that they were quick to reject any reported problem.  For example, when I reported my hash rate and earnings were far below what was expected, I was given the canned answer of "sometimes hash rate dips below contracted rate".  When I supplied proof that this was more than just a dip (it had been going on for nearly a week), I was then told that it wasn't possible for me to predict my earnings.  Why is it that I'm the one responsible for a bitcoin mining operation's support team's education?  What do you mean I can't predict earnings?  Every online calculator out there predicts earnings.  The formula for calculating expected earnings is readily available.  Finally, after providing evidence of my actual payouts vs expected payouts, and how I arrived at my expected payouts value, I was told there was a problem with miner reporting and that I'd be compensated.

Unfortunately, things never really recovered.  Hash rate was still swinging all over the place.  Graphs reported a large percentage of rejected shares from my contracted hashing power.  Payouts were well below what I should have received.  Basically the entire month of June the payouts were far below what they should have been.  Towards the end of my contract, the pool's hash rate began to drop.  It went from a peak of over 7PH/s down to where it is today, averaging about 20TH/s.  Since the hash rate dropped so significantly (all during the month of July it dropped), there were very few blocks found, and hence very little payout - although the payouts I did receive in July were right about what I would have expected for the hash rate I had.

It's too bad this didn't work out.  The service offered some pretty promising features had it been able to deliver.  Unfortunately it couldn't, and for that reason, I cannot recommend it.

By the way, here are the actual numbers from my experience:

Contract purchase price: 2.17543320BTC
Contract total payout: 1.55217135BTC
Net profit: 0.62326185BTC (red indicates a loss)

Pros

• Clean UI/UX
• Ability to point your contracted hash wherever you want
• Direct integration with Cryptsy based on your trade key

Cons

• Wildly fluctuating hash rate
• Payouts inconsistent with average hash
• Mining to an external pool was flaky at best - some worked, some did not
• Support team too quick to give canned response and dismiss ticket

Overall rating: 2/5

[BTC Buddy]

So am I really going to have to wait 3 months to get a refund for a contract that hasn't worked for 10 out of the 11 days I have had it.  The one day it did worked it was intermittent and avg hash rate was well below ( about 70% ) below what contract was suppose to be.

Business must be good then if they don't want to see another penny from me.

[crazyearner]

Decided to give ths a go and will not be mining in the future with them. So far had nothing but problems with their scrypt mienrs and been told by support they are aware and awating to resolved the matter. Yet it was fixe and then down again and now been down for over a week of lost mining and coins am mining are due to half on rewards. I could of gone elsehwere and mined theri and had a lot more hash with the other company.

Last week of 0MH mining




quote from support staff.

As of the moment, I have not received an update from our developers regarding an ETA of when this will be resolved. Once I have more information from them I will let you know right away. I am sure there will be an announcement made once this issue is resolved. They will also inform you then as far as compensation is concerned aside from increasing your hashrates to compensate for the downtime. Till then I do not have anything new to report. Hoping for your understanding and patience.

Have a great day!

Am wanting a refund than this and been told if it is not advantage over contract ehn full refund will be given. I have 26 days remaining and lost out big time here. If anyone else is considering to mine here mine elsewhere as their services have caused me nothing but hell.

[chilewarx9]

I mean that is not advisable to invest here ? badbitcoin people recommended me this product in mining of scrypt

[crazyearner]

I mean that is not advisable to invest here ? badbitcoin people recommended me this product in mining of scrypt

Am guessing by your comments your native language is not English. If you are asking it is not advisable then that is correct do  not invest here as their hash rates are broken and will face problems if you hash with.

[alani123]

BitJohn hasn't been active since June 12. Has anyone managed to get a refund?  Should we simply call mintsy a scam at this point?