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OMC 

[TUTORIAL] Mining OMC with Rented Rigs

(Mar 3, 2015 08:17 AM)Nigga From Africa Wrote:  What should be the values of these 2 when i have 0.05970372 btc?
[Image: psK0qtA.png]

Well, you're doing a standard order, so you have to pick a price. Look at the orders page to figure out what a good price is. It should be around 0.21 or so.

Limit should be 0.1
(Mar 3, 2015 08:25 AM)Abraham Lincoln Wrote:  Well, you're doing a standard order, so you have to pick a price. Look at the orders page to figure out what a good price is. It should be around 0.21 or so.

Limit should be 0.1

So something like this? :P
http://prntscr.com/6c765l
Edit:
Also i dont really get the diffrence between standard and fixed, any reason to pick one over the other.
And what do you recommend?
(Mar 3, 2015 08:28 AM)Nigga From Africa Wrote:  So something like this? :P
http://prntscr.com/6c765l
Edit:
Also i dont really get the diffrence between standard and fixed, any reason to pick one over the other.
And what do you recommend?

Fixed: The price is determined for you. You are guaranteed hashrate, but you pay a slightly higher price.

Standard: You have to constantly be adjusting the price to keep hashrate. You aren't guaranteed hashrate, but you pay a slightly lower cost.

I'd recommend you use fixed. It costs a little more, but you don't have to watch the order page 24/7
(Mar 3, 2015 08:38 AM)Abraham Lincoln Wrote:  Fixed: The price is determined for you. You are guaranteed hashrate, but you pay a slightly higher price.

Standard: You have to constantly be adjusting the price to keep hashrate. You aren't guaranteed hashrate, but you pay a slightly lower cost.

I'd recommend you use fixed. It costs a little more, but you don't have to watch the order page 24/7

Thanks :)
But i should still keep a look at omnicha.in/tools to check the profit rate right?
Also just to confirm is this some dude bursting here or why is the difficulty so much higher
http://prntscr.com/6c7apx (source omnichain graph)
(Mar 3, 2015 08:41 AM)Nigga From Africa Wrote:  Thanks :)
But i should still keep a look at omnicha.in/tools to check the profit rate right?
Also just to confirm is this some dude bursting here or why is the difficulty so much higher
http://prntscr.com/6c7apx (source omnichain graph)

yep, thats someone bursting the shit out of omnicoin
[Image: Yucwo7j.png]
(Mar 3, 2015 08:42 AM)Bigandrewgold Wrote:  yep, thats someone bursting the shit out of omnicoin

Okay, was just watching the tools page while waiting for a reply here and it went from like 150% to 102% and now its at 88%
Abe, I've been waiting for 3 days for my order to be worked on and it's stuck at the bottom. What do I do so it'll be filled faster?
(Mar 3, 2015 08:50 AM)Moon Rock Wrote:  Abe, I've been waiting for 3 days for my order to be worked on and it's stuck at the bottom. What do I do so it'll be filled faster?

I assume you are using a standard order? You'll need to increase the price to get it towards the top of the list. You can do that on the My Orders page

This is why I recommend using fixed orders. You are guaranteed the hashrate and don't have to adjust the price.
Just started on this =)
Looks nice so far :P
Just 2 more questions.
Is this correct? prntscr.com/6c7nxi
Also should i cancel my order the moment the profitability go under 101% or should i keep it on?
(Mar 3, 2015 09:08 AM)Nigga From Africa Wrote:  Just started on this =)
Looks nice so far :P
Just 2 more questions.
Is this correct? prntscr.com/6c7nxi
Also should i cancel my order the moment the profitability go under 101% or should i keep it on?

Yep, that looks good.

If you don't cancel the order, you will end up loosing money.
(Mar 3, 2015 09:10 AM)Abraham Lincoln Wrote:  Yep, that looks good.

If you don't cancel the order, you will end up loosing money.

So let it run while its making profit, cancel when it isnt, wait for it to make profit repeat?
(Mar 3, 2015 09:12 AM)Nigga From Africa Wrote:  So let it run while its making profit, cancel when it isnt, wait for it to make profit repeat?

That's the basic idea, yea. I might write an email alert bot so people can know instantly when the profitability changes drastically.
(Mar 3, 2015 09:13 AM)Abraham Lincoln Wrote:  That's the basic idea, yea. I might write an email alert bot so people can know instantly when the profitability changes drastically.

Okay :)
Thanks alot :P
Just gotta wait for the difficulty to drop again C:
Wait for the right moment to mine because nicehash take a small fee each time you put an order so if you make/cancel orders too often you will loose money
[Image: 92316]
(Mar 3, 2015 09:36 AM)Raoul Duke Wrote:  Wait for the right moment to mine because nicehash take a small fee each time you put an order so if you make/cancel orders too often you will loose money

So i should first start to mine once it has been profitable for a little while?


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