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OMC 

[TUTORIAL] Mining OMC with Rented Rigs

Wow didn't notice I have to wait a while before my order is taken :(
I left a miner to mine at 200 over night so it wasn't me!
(Mar 1, 2015 12:10 PM)Internet Explorer. Wrote:  Now Jesse & Pseudo fucked it up, lol.
Had over 200% profitability, now its only 80% :(
That was not us.

(Mar 1, 2015 12:21 PM)Aceman Wrote:  Why are you doing this when it's been explicitly stated that you shouldn't? Are you trying to be an asshole and make less money?
No, it was an accident.
We cancelled the miner right when we read abe's reply.
Then we ordered smaller ones.
Am i calculating this wrong.
Or would you lose 45% of your investment if you were to mine right now?
(Mar 2, 2015 11:59 AM)Nigga From Africa Wrote:  Am i calculating this wrong.
Or would you lose 45% of your investment if you were to mine right now?

according to this site if you mine right now youll end up with 74% of your investment, so youd lose 26% if you mine right now.
[Image: Yucwo7j.png]
(Mar 2, 2015 12:08 PM)Bigandrewgold Wrote:  according to this site if you mine right now youll end up with 74% of your investment, so youd lose 26% if you mine right now.

According to this screenshot
https://i.imgur.com/V8ZizKZ.png
then that is the value that you would need to that
and that is at 0.3113 atm.
So that should be 49.97% back.
Or am i wrong?
(Mar 2, 2015 12:11 PM)Nigga From Africa Wrote:  According to this screenshot
https://i.imgur.com/V8ZizKZ.png
then that is the value that you would need to that
and that is at 0.3113 atm.
So that should be 49.97% back.
Or am i wrong?

if you do the fixed style then yes, you are right. If you do a standard order its around .2 right now
[Image: Yucwo7j.png]
(Mar 2, 2015 12:14 PM)Bigandrewgold Wrote:  if you do the fixed style then yes, you are right. If you do a standard order its around .2 right now

What exactly is the diffrence between the two?
Dont really understand :P
(Mar 2, 2015 12:21 PM)Nigga From Africa Wrote:  What exactly is the diffrence between the two?
Dont really understand :P

afaik fixed means your essentially guarnteed the speed you want. You pay a premium but your at the top of the queue.

Standard on the other hand is when you pay less, but you may not get the full speed you want the whole time, if someone pays more than you then they are prioritized. Ive always just done standard because its cheaper, youll get more for your money and have a better profit.
[Image: Yucwo7j.png]
Another impeccable guide by Ole honest Abe.
(Mar 2, 2015 12:32 PM)Bigandrewgold Wrote:  afaik fixed means your essentially guarnteed the speed you want. You pay a premium but your at the top of the queue.

Standard on the other hand is when you pay less, but you may not get the full speed you want the whole time, if someone pays more than you then they are prioritized. Ive always just done standard because its cheaper, youll get more for your money and have a better profit.

Ah okay =)
Thanks alot :)
Hope the difficulty drops a bit so i can start tomorrow :P
More people mining = increase global hashrate = increase difficulty
If the difficulty stay high the OMC price should rise a little
[Image: 92316]
Atm i have around $20
How much profit should i be able to get in a week?
Assuming i turn off the miner once it goes below 100% profititable.
If you invest 20$ in a week you will be able to make between 10$-15$ of profit if you are lucky (it can be more or less)
[Image: 92316]
What should be the values of these 2 when i have 0.05970372 btc?
[Image: psK0qtA.png]


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