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OMC 

[TUTORIAL] Mining OMC with Rented Rigs

(Mar 3, 2015 09:04 AM)Abraham Lincoln Wrote:  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.

Alright, gonna do a fixed order right now. Hope this one gets filled faster.

Wow, just checked the fixed order and the min. is $56 btc. Seems like I'm going to have to go standard. Is there a way to lower a fixed price Abe?
(Mar 3, 2015 10:50 AM)Moon Rock Wrote:  Alright, gonna do a fixed order right now. Hope this one gets filled faster.

Wow, just checked the fixed order and the min. is $56 btc. Seems like I'm going to have to go standard. Is there a way to lower a fixed price Abe?

That's the price for every GH for every day, that's not the price you will actually pay.
(Mar 3, 2015 10:50 AM)Moon Rock Wrote:  Alright, gonna do a fixed order right now. Hope this one gets filled faster.

Wow, just checked the fixed order and the min. is $56 btc. Seems like I'm going to have to go standard. Is there a way to lower a fixed price Abe?

56$ by GH by day (BTC/GH/DAY) but the min order on nicehash is always 0.01 BTC (~2.75$)
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(Mar 3, 2015 11:03 AM)Abraham Lincoln Wrote:  That's the price for every GH for every day, that's not the price you will actually pay.

Oh thank god, was flipping out I gotta get $56 to start now lol.
Really nice looking tutorial OP! I am definetely going to check this out in a bit!
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Gonna have to wait on it, profitability is at 82%. I might be doing these calculations wrong though. On the profitability calculator in the BTC/GH/Day do I put the hashing speed?
Just waiting for it to being profitable again, so far i've made about 120 omc =)
(Mar 3, 2015 11:12 AM)Moon Rock Wrote:  Gonna have to wait on it, profitability is at 82%. I might be doing these calculations wrong though. On the profitability calculator in the BTC/GH/Day do I put the hashing speed?

no, you put the price you pay per gh per day. Should be around .2 or .21
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Just wondering, should i let the miner run over night or is that wayy too risky?
(Mar 3, 2015 11:57 AM)Nigga From Africa Wrote:  Just wondering, should i let the miner run over night or is that wayy too risky?

You should, I made $1.78 overnight with 91 difficulty wtf.
(Mar 3, 2015 12:20 PM)Private Network Wrote:  You should, I made $1.78 overnight with 91 difficulty wtf.

Guess i'll give it a shot.
Hopefully if i lose something it aint too much :P
I just started mining, did $5's worth like Abe. Hopefully I'll get more in return :3

Wooo, almost doubled my money. Didn't believe I can do it, huge thanks Abe for making this tutorial and helping us out 🙂 I'll send you some OMC in a bit.
I don't understand what is the BTC/GH/Day case ? What do I need to fill there ?
Thanks!
(Mar 7, 2015 03:49 AM)Hash G. Wrote:  I don't understand what is the BTC/GH/Day case ? What do I need to fill there ?
Thanks!
They need a way to accurately price and measure the hashing power that they're selling. Mh/s is too low and the number would be too high so they decided to go with Gh/s instead.

1000Mh/s = 1Gh/s

So based on what people are paying they are able to determine the average amount of money it would cost to rent 1Gh/s for an entire day. This is the amount referred to as BTC/GH/Day. It's simply the price you would pay if you chose to rent that amount for that long of time. T
Since this method was leaked ive lost all my ways of mining but i must say HQ post from the mate and well explained!
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