HASHRENTAL "nicehash killer"

HashRental"nicehash killer"

First Decentralized Hashing Power

HashRental marketplace connects sellers (miners) of hashing power with buyers of hashing power through smart contracts, decentralized Escrow. It offers convenient and easy-to-use tools for all crypto-market participants to create as much profit as possible. The only existing large cryptocurrency mining marketplace has been hacked in late 2017. As a result, the market customers lost $60 million. So this seemed like a problem that we could do something about. 

HOW IT WORKS

For Hashing Power :

>Sellers (miners) can run HashRental software or connect their mining hardware (GPU Rigs, ASICS, Pcs and smartphones) to HashRental servers (stratum ports). Their hashing power is forwarded automaticlly :

-To the pool that the buyer has chosen for mining. Then Sellers get paid* in ETH for renting from smarts contracts after them confirms.

-To the HashRental pools, if there is no required volume of orders. Then Sellers get paid in ETH from HashRental pools.

For Hashing power buyers:

>Select the cryptocurrency that you want to mine

>Select a pool on which you want to mine

>Set needed amount of hashing power

>Set needed order time period

>Place calculated amount (or more) of the Luhn coins into the smart contract*. This provides proof-of- funds and allows for a much safer trade. Then:

- Successfully confirms receipt of needed amount of hashing power, and releases the escrow.

- A party raises a dispute, and brings in a third-party arbitrator, giving them the keys to decrypt the messages and work with both parties to make a resolution.

Compare To Competitors

PROFIT FROM MINING

Pooled mining. Calculate reward.

A mining pool is a joint effort between several miners to work on finding blocks together, and split the rewards among the participants in proportion to their contribution. If the total hashrate of all miners is H, then the pool will find on average

Ht/232D

(*232D for SHA256 example, when D -difficulty*) blocks over time t, so the total average reward is HtB/232D (B – reward for valid block) . A single miner with hashrate h = qH (that is, q is the fraction of the pool’s total power contributed by this miner) should receive q times the total reward, q*HtB/232D = htB/232D , which is exactly his expected payout had he mined solo. However, his variance will be much lower – the variance of the total reward is HtB2 /232D , so the individual’s variance is

q 2 *HtB2 /232D = q* htB2 /232D ,

which is q times the miner’s solo variance. The potential benefit is therefore greater the smaller the miner and the larger the pool. The pool will typically be maintained by a pool operator who may take a fee for his services. This will usually be a fixed percentage cut f of the block reward. So, for every block found, the operator will receive a fee of fB and the remaining (1 − f)B will be distributed among the miners. Therefore, the actual expected payout for a miner is

(1−f)htB/ 232D .

To determine the amount of work done for the pool, users find and submit shares. Quantity of the average payout, which in a fair pool is always (1 − f)pB *for every share submitted. *Every share has a probability of p = 1 /D to be a valid block.

PROFIT FROM RENT

Solo mining

Variance of solo mining is substantial. Even a participant with respectable hardware will wait more then participant with lower capacity. But reward will be multiple!

Reward = reward for found block = B

Solo mining relevance only for altcoins.

For solo mining needed big capacity for a short time. And that's why solo miners use hashing power rent services. They are ready to overpay for it.

Buyers will be rent h power and will be winning in an auctions in HashRental, therefore, with cost more then value (1−f)htB/232D (reward from mining pool for h hashrate). And Seller will gain more profit then mining on pool.

P.s. When sellers hashing power is not work on buyer, then it work on “HashRental mining system”. Sellers get profit more then from ordinary pools, because in HashRental f = 0 (pool fee).

For More Information :

Web : https://hashrental.io/

White paper : https://hashrental.io/assets/images/white.pdf

ERC20 : 0x5EF847E39C5Ce4cB74CA2248D61dafF185bc5a7a