bitUSD Mining is now live!

[CLains]

Has anyone posted this information to Bitcointalk.

Did a quick one, https://bitcointalk.org/index.php?topic=950009.msg10399724

[Gentso1]

Great work, almost wish I hadn't sold all my gridseed equipment way back

[goofy]

Pool need more algos like x13\15,neoscrypt, sha-3, nist, groestl.. Because sgminer support hot switch between this algos

[Tuck Fheman]

Why are you mining scrypt coins?   I don't see bitcoin anywhere

because they are almost always the most profitable coins to mine ...
http://www.coinwarz.com/cryptocurrency

Edit : Pheonike beat me to it.

[Pheonike]

The whole point of virtual mining is mine the most profitable coin at the moment then sell to buy the coin you want. If ppl could make the most profit mining btc there wouldn't be any need for virtual mining.

ps, that said, it would hurt to add sha256 to the pool.

edit "that said, it would not hurt to add sha256 to the pool."

[Bitcoinfan]

I thought piggybacking off of Bitcoins hashrate network effects would have been more profitable for us because:

a) Bitcoin is the largest Market and therefore is the most liquid.  With other alt-coins we have to deal with liquidity costs.  Sharing with the Bitcoin network would greatly improve our liquidity as well. 

b) According to laws of perfect competition-- miners seeking a higher return would come to our pool as we are offering a risk free percentage back that they can't achieve anywhere else.  As a result mining off of bitcoins network would provide the largest pool of investors directed towards Bitshares.  The more miners that come, the more marketed awareness that is captured for Bitshares.  Therefore the more capital (in the form of collateral and bitassets) would be kept within the Bitshares system. 

How is mining alt-coins going to benefit us?

[Pheonike]

Why are you mining scrypt coins?   I don't see bitcoin anywhere

Because bitcoin is nearly always less profitable to mine compared to scrypt and other coins.

[MrJeans]

Has anyone posted this information to Bitcointalk.
My rep there is very low (have never really commented on anything).
Someone with a high rep should defiantly post this to the forum.

[Bitcoinfan]

Why are you mining scrypt coins?   I don't see bitcoin anywhere

[hpenvy2]

Suggestion: Make all of the tabs present the information for the active coins more at the the top.

With the current format, as I flip through the tabs I get the impression that everything is broken because of all the 0 Ghz hashrates and "invalid shares." This may turn off people who go there to check it out. You want the first thing they see to be signs of a healthy pool that is functioning correctly.

Also, great job in general, I think this is great.

Great suggestion.

[teenagecheese]

Suggestion: Make all of the tabs present the information for the active coins more at the the top.

With the current format, as I flip through the tabs I get the impression that everything is broken because of all the 0 Ghz hashrates and "invalid shares." This may turn off people who go there to check it out. You want the first thing they see to be signs of a healthy pool that is functioning correctly.

Also, great job in general, I think this is great.

[Rune]

How do you source your bitUSD?

[BunkerChainLabs-DataSecurityNode]

It will be interesting to see how much $ worth of electricity is needed to get 1 BitUSD.

Perpetual motion machine here we come

Blockchains and perpetual motion machines work well together

[speedy]

It will be interesting to see how much $ worth of electricity is needed to get 1 BitUSD.

Perpetual motion machine here we come

[rgcrypto]

I want to buy hashing power and use it so bad! But I have no clue how to do it!

Can someone show me how I can use nicehash.com to mine in the bitsharespool?