Bitcoin Forum

We're announcing an alpha launch for a new type of pool @ http://www.altcoinplex.com

- Automines a basket of the most profitable alternative coins!
- Our intelligent, built from ground up, server daemon determines the amount of mining power to allocate to each coin in our basket constantly! This reduces the payout variance when an individual coin profitability spikes or tanks during short intervals!
- Payouts are determined in a modified PPLNS system, which takes into account each coin in the basket's mining difficulty and the shares submitted by each user during the payout interval.
- Automatically exchanges and payouts in your desired coin! No more maintaining multiple wallets!
- Daily payouts!

Currently supported payout coins (list will be updated to accomodate more coins in the near future)
- bitcoin
- litecoin
- dogecoin

LASTEST ANNOUNCEMENT 26 MARCH 2014

Due to poor take up rate of litecoin and dogecoin, our payout will only be bitcoin at the moment.

To use, simply point your miner to pool.altcoinplex.com:5555 with your Payout Address as username, and Payout Coin as password.

For bitcoin users,
For dogecoin users,
 

You can view some simple stats on your account (we are working on showing more detailed and informative stats) at
    http://stats.altcoinplex.com/users/<cointype>/<address>.html

For bitcoin users,
    http://stats.altcoinplex.com/users/bitcoin/<address>.html

For litecoin users,
    http://stats.altcoinplex.com/users/litecoin/<address>.html
    

For a limited time ONLY! ;D ;D
All transaction fees will be waived/absorbed by us during this trial period

Sounds good, count me in!

Suggestion: Would be good to see some pool hashing speed, what's currently being mined, and so on.

Hi uxstack,

We will look into your suggestion.

In the meantime, hope you can let us know your mining experience too after you tried.

Thanks

hmm, i'm mining , but i can't access the simple stats.
Any thoughts?
Also when/how does payout happen?
thanks!

------

edit: Payouts happen daily, overlooked that :)

Reporting in after 8 hours mining.
D7Yn7FNJK7xc6wynKStohEukNNdWtZokio

Two questions:- Basically the same things greenhorn asked! ;D

I think i'm going to mine somewhere else for now, untill things are a bit clearer. :P
I will keep an eye on this thread though, i might return to this pool...

cheers!

Keep us posted on any new developments, uxstack!

Hi greenhorn and uxstack,

Thanks for informing us.

We realise the issue with the stats part.

Will keep you guys posted.

I've been receiving occasional work block errors in the last hour or so... on average, maybe once every two minutes? The earlier 8 hours was perfectly fine.

On cudaminer:
JSON decode failed(1): '[' or '{' expected near end of file

On cpuminer/minerd:
stratum_recv_line failed
Stratum connection interrupted

Server getting overwhelmed? :-\

It was an issue with one of our backends. I've pushed a fixed for it. Do let us know if you're still encountering it.

We're constantly monitoring server load across our machines to ensure the servers are not overworked.  ;)

Thks for trying us out!  ;D

Hi jrrsparkles,

Good to know that the servers are keeping healthy. ;D

As for the errors, unfortunately they are still occuring randomly:

cudaminer complains twice in a row now, previously was just one line.
[2014-01-27 08:13:17] JSON decode failed(1): '[' or '{' expected near end of file
[2014-01-27 08:13:17] JSON decode failed(1): '[' or '{' expected near end of file

minerd gives a specific error now, instead of just saying "failed"
[2014-01-27 08:13:17] stratum_recv_line failed to parse a newline-terminated string
[2014-01-27 08:13:17] Stratum connection interrupted

Times are GMT+0800. This is on a Win 7 SP1 machine.

Uxstack, thanks for that specific debug message! You helped us zero-in on the bug! It was related to the size of one of our buffers.
I have just pushed out another update that fixes it.

Glad to be of help. :D And yup, that seems to fix it!

Hi altcoinplex, thks for the great service!

I’ve been mining the past few days on altcoinplex, noticed their payout is quite good compared to other services that I've tried over the past few weeks, my stats are @ http://stats.altcoinplex.com/users/bitcoin/1MjNG9pGippwTSHraPnB1MBKwjr4q2ykiY.html

becks619, thanks for sticking it out with us! There's been a dire lack of updates as we have been focused on completely rewriting our payouts/coin exchange modules and making our existing stack stable. We have just rolled out the new updates over the past week and been tweaking it continuously.

Thanks for your feedback!

Thanks for everyone's patience and to those who are sticking it out with us!

Seems like we had a good payout today! ~0.017 BTC / MH / 24hrs!

Cheers and happy mining!

Thanks everyone for supporting us and continue to support us.

We are working on improving our system in the meantime.

Happy mining!

Not a bad payout day today either @ ~ 0.0144 BTC / MH , using becks619 link above as a reference!

Cheers and happy mining guys! We're looking to launch a new version of our website in the near future with more stats and charts!

what is your profitability against ltc? for example clevermining is reporting 83% from their autoswitching, curious to know how you compare.

cad_cdn,

Using this mining calculator (http://www.coinwarz.com/calculators/litecoin-mining-calculator/) provided by coinwarz, with 1000kh/s, the estimated expected daily earnings is about 0.00966201 at the current rates.

Given our rate is ~ 0.0144, that will be a ratio of 1.49, or 149% for the past day.
With the day before yesterday's rate at ~ 0.017, that will be a ratio of 1.75, or 175% for that day.

sounds, good! I'll throw some kh at it

thx

got both my rigs pointed there for the day.

If u can use your inteligent proxy to throw enough KH to small coin's, you can take advantage of them too while big multipool's can't. Big pools throws all of their mining power to coin, therefore they cannot mine small coins who has very big profitability.

I suggest that add more coins to your monitor system specially those coins that big multipools cant mine because of their big mining power.

and add more stats please. specially BTC/Mh/Day history.

This is the design and purpose of our system. During our initial testing and alpha testing phase, we'd realise there are a lot of delicate balancing to be dealt with, i.e.

- How many KH/s do we point to the smaller coins so that they will not be overwhelmed?
- What percentage of their network hash rate should we cap ourselves at?
- Is there sufficient liquidity in the different exchanges for us to convert to other coins?
- Will we cause a significant dip in the exchange rate with our volume?

These are questions that we are working on and fine-tuning every day, and while we do not claim to have the perfect solution, we are optimizing it consistently to provide the best possible returns for our miners.


WIP as we speak! We're preparing for a beta launch next week, or following, with more stats and BTC/MH/Day is on top of that list.

- I think system should add some megahash for 10-block-timeframe and then count the number of solved blocks and orphans and decide based on that
- That's a good one, but as long as the goal is to make profit from coins, this should not concern
- I think if system can find a working megahash for specific coin that is x% profitable, we can limit it to find N blocks per hour/day.

BTW, thanks for your work, just wanted to share my suggestions, maybe helpful.
and 1question,

Can i mine on pool now or i should wait for next opening ?

They're all valid points, but the issue with these parameters is that they are constantly changing, like a moving goalpost. What works today on this coin may not necessarily be the same tomorrow. That is why modelling it is so difficult to get right, and we need to constantly optimize the parameters.

Our belief at altcoinplex is that even as we strive to get the best returns for our miners, it is also our social responsibility to ensure that we do not cause any detrimental effects to the coins that we mine. Maximizing short-term returns by significantly increasing the network hash rate and then stopping it altogether may cause certain smaller coins to suffer irreparable damages which is something we do not want.


Thanks for sharing them!


You can mine anytime! Simply follow the instructions by altcoinplex in the first post to connect to us. We do our payouts daily at between 0000hrs to 0200hrs, +0800GMT, and you can track your estimated payout for the day at our stats page.

Looks good, just added a bit under 2MH to your pool. Thanks!

Thanks for your support peterL.

Have fun mining.

I'm very interested in this both for the profitability angle and the desire not to destroy alt-coins by aggressively dumping MH on them.

However, I do have a problem with reported work rates.

My client (cgminer) reports 1.1MH and 1,000WU but your stats page only shows me at 0.7MH.  Every other pool I've mined in (dogecoin, catcoin, ltc, tagcoin) has reported a work rate that matches cgminer.

Is this a quirk of reporting, or will I actually only be paid out on the basis of 0.7MH rather than my actual 1.1MH?

PS are you planning on adding any other alt-coins into the basket?

As a pool, we are not able to accurately know the exact work rate of each individual miner. The method we use, is based on the number of shares and difficulty your miner is mining at, and then guess-estimate your hashrate based on the amount of shares you have submitted. We have a slight bug with our Rejected Hashrate which we are looking into, but our payouts only take into consideration the amount of accepted shares, and their difficulty, you have submitted. I hope this clarifies your query!


Definately! We're constantly on the lookout for more profitable alt-coins to add to our basket. Our main criteria is that they must be available on the various exchanges.

Thanks for mining with us!

Thanks for getting back to me!

I guess my query is more at a practical level.

As an example, if you were exclusively mining Dogecoin, would I be better off:

a) mining directly to a Dogecoin pool which reports my having a 1.1MH rate
or
b) mining for altcoinplex which reports my having a 0.7MH rate

IMHO, in this situation they should pay-out the same amount but I'm concerned that I would lose out using altcoinplex due to the lower reported rate.

You're welcome! :-)


Theoretically, if all other variables are same in both cases, i.e. amount of blocks found, number of rewards etc., the payout should be the same amount.

Excellent!

I'll leave my miner connected then and we'll see how we get on!

Dear miners,

Since our latest round of payout about 4 hours ago, we have noticed the poor payouts for a significant group of miners even though our back-of-the-envelope calculations indicate an average of ~0.01155 BTC/ mh payout for this round.

Further investigation resulted in the discovery of a flaw in the way our system computed the payouts which disproportionately allocated exchanged coins to certain miners even when the rounds and payouts they have mined are immature/unexchanged. This resulted in older miners with lower hashrates getting a lower percentage of the payout even when the exchanged values clearly belonged to them.

We have reworked the calculation for payouts to ensure that this bug has been fixed. Also, we have decided to pay out the difference between our new calculations and the last payout round for the affected users as this was our fault. This one-time payout should occur in the next couple of hours or so.

We are sorry that this happened.

Gona try this in a bit see how it compares to wafflepool

The one-time payout has been sent by our system.

Once again, my apologies for the error!

10 Hours of mining so far. Going well, gona test it for the next 2 days and compare with what other people are getting.

Upgrade to a more detailed stats that you're working on will really be more helpful.

http://stats.altcoinplex.com/users/bitcoin/1PSiDy8kP2yrRUCuqSXZ2orEUJ93CQcgMg.html

I really like the honesty of you guys and I like what your pool stands for, creds to you guys!

I am averaging 0.02btc a day for the last 2 months at 1.45Mh/s.

From what I see in the reports your system does still not beat this?

I am interested in a different multipool due to the quick changes between blocks. I don't know how it works under the hood but this is how it looks.

New block detected
new block detected
new block detected
2.1k/1048 accepted from GPU 0
new block detected
new block detected
1.1k/1048 accepted from GPU 0
85/64 accepted from GPU 1
new block detected

You get the point. I get the feeling that i spend more time not getting any hashes out before a new block is due. It doesn't bother me though since I get a great return / MH/s anyways.

Do you have any feedback on this?

best of luck!

Another night, another round of payouts... today's payout is ~0.0111 BTC / MH / day.

Cheers and happy mining guys!

Wow! That's a very good average! Based on a miner with ~1.45MH/s rate at our pool, our today's payout was ~0.01674.


I can't say much about that without more detailed information, but it appears the coin your multipool is mining tend to have very short block times, which shouldn't be an issue since everyone mining that coin will encounter the same scenario as yourself. There are a several situations that can cause this, e.g. a sudden significant increase in network hash rate for the coin, common when multipools mine obscure and smaller coins, which causes the pool overwhelming effect I mentioned earlier.

Nonetheless, it shouldn't adversely affect your mining significantly.

Hi just pointed 5.2Mh/s at your pool. Stats page only showing 3.3Mh/s, is this normal, I have very low rejects, shouldn't it show a bit higher?

Hi MikkaMK, thanks for mining with us!

As mentioned below to another poster, the stats are a little off as we cannot know precisely the hash rate of each miner. Our estimates are based off the amount of shares submitted and difficulty your client has submitted during the sampling interval. Do take it as a rough gauge, and not a precise figure.

Our payouts are calculated based on the amount of accepted shares and difficulty each client has submitted during the payout interval in a PPLNS/proportional hybrid payout method to ensure each miner gets their payout in relation to the pool performance as a whole.

I hope this clarifies your query!

Thanks for the reply. So basically if payout per mh was 0.015 for example I couldn't multiply by 5 (5Mh rig) to get approximate payout for the day?

That's one of the reasons why it is so hard to predict/estimate the amount of btc/mh/day for most pools like ours.

The most accurate way we have found, is to use several mining machines with ~1mh/sec hashing power (as reported by cgminer) and average their payout as our benchmark. Which is what we have been doing for the past couple of days.

Our difficulty is compounded by the fact that our pool of miners are constantly mining different coins, and there are too many variables to take into consideration, e.g. will the exchange rate differ significantly from the block's maturity until it is sent and traded on the exchanged, orphaned blocks etc.

For a safer alternative, I'd recommend you allocate a portion of your hashpower with us, for a day or two, to see our payouts before committing your entire hash power. I apologise that we are unable to provide you with more accurate estimates at this point!

Please add some new coins

Hi everyone, another round of payouts for tonight has just come and gone... our payout for today is ~0.01113 BTC /mh

Thanks for mining with us!

Actually we have just added several coins to our backend, KittehCoin, Leafcoin, Franko several days ago. The main page has not been updated to reflect that though, bad on our part! :-)

mined for two days. after first 24 hours received the payout.

but after second 24h - nothing. WTF?

I took my rigs to another pool until it is clear how this one is working. confirmed amount of coins was over 12k, and now it is going down.. at the moment 8k..

http://stats.altcoinplex.com/users/dogecoin/DN3p5uhxJPg7R7s63qjqPftAJhBEwux3hJ.html

where is the second payout?..

Hi gpson,

Sorry for the late reply.

There was some issue last night. Anyway we will look into it and give the payout to you.

I pointed about 3.5 mh at your pool for a test ... still showing 1 mh in the stats... I'll wait a bit more and check again...


If you are calculating your payout based on the stats on your side the btc/mh are not very accurate

and please get vardiff ... my miners get accepted shares like every second

Hi aclass,

We understand your concern. 

We are looking into it. In the meantime, please bear with us. Once fixed, we will update you.

Hi Miners,

I apologise for the delay in payouts yesterday. There was an issue with the dogecoin blockchain, one of the coins that we mined, yesterday which prevented us from attempting to withdraw our dogecoins or transfer our unexchanged dogecoins to the exchanges. Although we're on the right dogecoind version 1.5.1, or 1.5.2 (at this time), we did not want to take any chances, and so we waited on it a bit.

As a preventive measure, we decided to hold back the payouts for one day and have just issued a payout.

Our payouts for the past 2 days (17/02 and 18/02) is ~0.024 BTC/MH/2 days, or  ~0.012 BTC/MH/day

Cheers and happy mining!

I've been mining with your pool for the past 3 days and i'm pretty happy with it. Yesterday for 24 hours running at 2.2ghz, i got around 0.042 BTC.

What ever you're doing, keep doing it.

One problem though, i got around 1.6% Stale shares, on other pools i'm always at 0.


Just checked my exchange though and still haven't received payment since the 16th. So perhaps thats why my BTC is .042 cuz you guys added the 2 days up?

Advertise your coin or pool here:
Visit: http://www.bitscraper.pw/p/blog-page.html (http://www.bitscraper.pw/p/blog-page.html)

Estimated amount of coins for the current round so far: 0.0
Confirmed amount of coins so far: 0.0

How often are these values updated?

+1

We need a graph :D

Suggestion: Maybe add the amount we earn every hour next to the hashrate table

Nice, low reject rate. I may bump up intensity if this continues.
So far, I like! And love the approach. May bring another 1.5Mh/s over tomorrow.

What's the minimum amount for daily payout?

Hi,

On the 17th Feb, there was an issue with the dogecoin blockchain, one of the coins that we mined,  prevented us from attempting to withdraw our dogecoins or transfer our unexchanged dogecoins to the exchanges. Hence, there was a delay in the payout on 17th Feb.

Thus, we paid out 2 days in a row yesterday.

Hi,

We are in the midst of revamping our website. Will keep you posted once our site is up and running.

Thanks for the suggestion.

Cheers!

These values are updated constantly around three minutes.

It will be showing 0.0 only the daily payout period.


Cheers

Hi,
Just been experimenting with your pool for about half a day so far. First few hours had me worried as hashrate was 0, but I had around 3MH pointing at you. Stats came up eventually and I read an earlier post that went someway to explain this.

I can't, however, see any estimation of how much I may have earned for the half day or so I've been mining. My stats page shows:
Estimated amount of coins for the current round so far: 0.00413682202823
Confirmed amount of coins so far: 2.70875885574e-05

Which I can only assume is the total amount earned by the pool? No estimation of what my share would be.

Any tips?

Tx

Interesting, no movement in current round info going on ~6 hours - showing 100% accept, no rejects.
Coin too difficult / no blocks found, stats stalled or are we mining thin air? ;D

EDIT: Very slow moving, but moving. I'm wrong.

Hi drexel232,

Was doing a check when saw your post.

Everything ok so far?

Hi CraftyMiner,

Currently, as our payout is only at the end of the day, estimation of your share will only be shown at the end of the day after the payout is done.

However, we are open to suggestions.

Profitability was good until 2014-02-19 06:00:00+08:00. I noticed the estimated amount wasn't increasing and thought the stats may have stalled since rejects stayed @ 0%. I've honestly never seen my rigs with 0% rejects for 6+ hours straight. I went from about .009/Mh/day to .007/Mh/day.

No big deal. Since you're in alpha, thought I'd pipe-up, but I assume you're following along closely anyways ;D

Hi drexel232,

We saw you helping us advertising in the middlecoin forums. Thanks for the support.

Regarding the issue which you mentioned, we update you once we find out.

Anyway we are closely monitoring.

:)

Not a problem. Didn't realize your pool has been around for over a month now. Congrats! I'll be adding a little more once my new rig is complete.

Hey Guys,

I like that there is indeed vardiff applied but 4096 seems way too much for any of my miners.

Please assist


add: now it even went to 8192

I'm interested to see how the pool goes. Congrats for getting it up and running.

:)

hi aclass,

We will look into the matter and keep you posted.

Thanks

Oh boy, yet another multipool trying to squeeze the life out of a coin, before leaving the coin believers to pickup up the difficulty pieces until it starts all over again.

So here's an idea for you. Someone else build a multipool (lets call it B) that picks up the coin next on the multipool (A) list and thus staying ahead of the difficulty game.

Then someone else does the same with a mutipool (C) that tries to beat multipool (B) to the next easiest coin.

Rinse and repeat creating multipools until there are no new desirable coins to mine.

Then take a step back and realize that you could all just stay mining the same coin and peace would be restored in the mining world.

Poorly designed coins are not the responsibility of multi-pool providers. Whether through investing or mining, people are simply trying to make some money. Coins can become multi-pool resistant if the developers so choose. If they do not so choose, it's their own fault. Every step of the way people are going to find ways to squeeze every last bit out of a coin. Good luck trying to change that.

EDIT: This pool actually does seem to care about negatively affecting coins. I say, let the coin evolve on it's own. Challenge the developers to create something seaworthy so we all wind-up with a solid platform in the end.

Hi OleOle,

Thanks for your support.

I 2nd Drexel.

Hi velfast,

Welcome to altcoinplex.

Thank you for your support.

Dont worry. We will be here to stay.

come one guys ... who needs 8192 vardiff? I have only 1 accepted share for 20+ minutes with 2.2 mh

Hi fellow miners!

There are a lot of questions regarding the estimated payout on the top of each users statistics page. We hope to let everyone understand clearer how we do our estimate and do our payouts here at altcoinplex.

Our payouts system continuously aggregate user statistics based on the amount of shares each miner submits and their difficulty. When we find a block, we have to 1) send the coins to one of the designated exchanges for trading, to bitcoin/litecoin/dogecoin etc., or 2) in the event we receive a block of dogecoins/litecoins and we have miners who request for their payouts in dogecoins/litecoins, we will payout from the mined coins, and avoid sending them to the exchange, so as to minimize on the network transaction fees, exchange fees and withdrawal fees.

As our payouts are based upon the number of shares submitted by our miners, it is common for coin blocks which have been found but not confirmed by the network, or immature coins. To be on the safe side and ensure fairness and equality to everyone, we use the longest confirmation time of all the coins we have mined for the day, which is commonly 180-240 minutes based on our rough gauge, to determine the amount of estimated coins for payout. As such, it is typical to only see your estimated payout for the day only being reflected after several hours.

It might be better to illustrate this with a couple of examples,

George mines with us from 0000hrs (+0800) for 24 hours until our next payout after day 1. This payout round will therefore only consider George's mining from 0000hrs to 2000hrs. The shares submitted during 2000hrs to 2359hrs will then be used for his payout for day 2 even though he has not mined on day 2.

Jerry mines with us for a couple of hours today, from 1200hrs to 1600hrs and sees the Estimated payout as 0.000 and decides to stop. Our system will payout his share during our next round of payouts. After several hours, his estimated payout should increase in proportion to the amount of coins we have exchanged.

Now, some miners may wonder why we take this approach versus the approaches other multipools take. One of our primary concerns is payout variance and consistency. While we strive to get the best payouts for our miners, we put a lot of thought about how to make payouts equal for everyone based on a set of common denominators. This leads us to the reason why some miners mention the Estimated amounts sometimes appear to go lower after some time. This is most likely due to a string of bad luck encountered by the pool, even if we have not found any blocks for a period of time, the amount of shares submitted is always increasing and thus, the ratios are constantly being updated, therefore, the change in estimated payouts.

The best way to gauge our payouts is to stick with our system for a day or two and aggregate the amount of coins you have received. This would be the most accurate way to determine our payouts. The daily statistics for BTC/MH/day that we publish in this thread is taken from our own mining rig which has approximately 1 MH/sec.

I hope this clarifies everyone's doubts about our payout and the delay in statistics on the users statistics page.

i find this similar to something

Hi everyone,

Our payout for today ~ 0.011 BTC/MH/ 24 Hours

Cheers and happy mining!

How do I setup different rigs using same payout address? Won't that cause VARDIFF issues?

Hey Altcoinplex,
I like your pool and your mining philosophy and would like to support you with my hashing power.
However, I've mined for 24+ hours with 3MH, approx, and seen much less than the 0.011 BTC/MH/24hrs.
For the record I have the other half of my hashing power pointed at WafflePool, and this seems to be delivering what I would expect.
As the person who posted just before me asked - I am using the same BTC address for 5 machines, each with a single card. Is this causing some issue? My MH is recorded reasonably close in your stats to what I am seeing here across 5 cards.
My estimated total amount of coins for the current round so far: 0.00690182, and yesterday's payout 0.01649328.
As mentioned, I've been mining with the same hashrate at Waffle for a similar amount of time and they have so far paid out 0.04750400, with another 0.01378729 earned so far today.
If you could look into this for me my BTC address is 17BWcUmqbADazh4Q4cjD7vKzkc18D4y29f
As mentioned, I'd like to stay with you guys, but need something a bit closer to the 0.011BTC mentioned. The current earnings will barely cover my power.
Thx

Hi CraftyMiner,

Sorry for the issue you are facing.

We will look into it and will update you with regards to the reason behind it.

Thank you for your support.

TY, happy to direct my 8MH at you if we can get to around 0.01 per MH, average (I know some days will be good, and some bad).

Hi CrafyMiner,

Ok thanks.

We will closely monitor and keep you posted.

Thanks.

are your stats OK?  Been mining continuously at ~3MH but shows 0 the last 3 hours

http://stats.altcoinplex.com/users/bitcoin/1NHRYSUDFfW2iZDqALaciuZx1GyXtcVQb5.html (http://stats.altcoinplex.com/users/bitcoin/1NHRYSUDFfW2iZDqALaciuZx1GyXtcVQb5.html)

https://i.imgur.com/99YPzMV.png

Hi rudyo,

We running the check now.

Will update u soonest.

Sorry to hear about that.

Hi everyone,

Our payout for today ~ 0.0104 BTC/MH/ 24 Hours

Cheers and happy mining!

Same question.

Is there a minimum payment? I moved my slow rig to you yesterday but go no payout.
I found the payout.

My rig didn't hit .0104, not even close.

http://stats.altcoinplex.com/users/bitcoin/1NHRYSUDFfW2iZDqALaciuZx1GyXtcVQb5.html (http://stats.altcoinplex.com/users/bitcoin/1NHRYSUDFfW2iZDqALaciuZx1GyXtcVQb5.html)

My rig wasn't offline where it shows the 0.00 hash rate, that was the bug in your ststa that you confirmed.

I calculate my rate to be .0062 BTC/mh

Please advise

Hi rudyo,

We are checking.

Sorry for the delay.

It seems you are having some issues - I have had quite a number of issues connecting to your pool today.

My other rigs are working fien on other pools, so I know it isn't my connectivity.

I'm probably going to have to bail...let me know when you are stable and I can count on your stated BTC/MH return and I may consider testing again.

https://i.imgur.com/GP4Wwpo.jpg

Hi rudyo,

We are working on revamping our payout system. Maybe that's the reason why you having some issues. We revamping so as to increase the profitability that you guys can enjoy.

Once it's done, we will keep you posted.

let's see i have 6mh/s

So has anyone gotten the posted return of .01 BTC/MH?  Sort of deceptive to advertise and post a daily return and yet it is never achievable...

A quick updates.

Yesterday our DNS server service provider was under attack, thus affecting our service.

But it has since been resolved and it's up and running.

Sorry for the inconvenience

Thanks

Throwing some of my hashing power here to see how it goes.

@altcoinplex: An important question: does this pool use strategic block mining?  For example, dogecoin has a variable (and predictable) block reward.  Does this pool mine only the more profitable blocks, or does it waste hashing power on the near worthless ones (which might have even a 0 blockreward)?

This is very key for profitability pools these days,

Hi phzi,

Welcome to altcoinplex.

Nice pool :) hopefully it got all stable..

Hi evansearie42,

Thanks for your feedback.

Thanks. Can you answer my question?  This will largely determine if I leave hashrate my here.  I don't want to be a fool wasting hashing time on low-reward doge blocks (and lottocoin, and etc).  If you haven't implemented a switch on block reward system like this, I suggest you do so ASAP.

Will test for the next few days, and post my BTC/MH along with yours.

Hi phzi,

It is one of the factors that we take into consideration to determine the amount of hashing power to allocate to the coin periodically.

We have been experiencing an exponential growth during the past couple of days. This has caused some pressure on our backend systems which our team is working around the clock to fix and maintain. We will be deploying a new and optimized version in the coming days.

Thanks for the answer, altcoinplex.  You've got half my hashes for a few days at least.

Profits look a bit low so far with 9MH, but I know better then to judge based on 24hr.

i`m mining with 6mh/s i`ll write here the report after 24h

Hi mamale,

Thanks for the support

Hey, developer of SynCoin here -- could you add us to the list of supported altcoins?

4096 Vardiff?  Seems rather... extreme.

How are you handling variance?  High enough 'N'?

--

Edit: after almost 48 hours, I have earned a whopping .015BTC for 9MH...  My estimated totals were reasonable for a while last night:

Estimated total amount of coins for the current round so far: 0.03778934
Estimated amount from confirmed coins ready to payout so far: 0.02070382

(not great, but reasonable expected payout)

But now they are almost 0 again, without receiving any payout:

Estimated total amount of coins for the current round so far: 0.00280468
Estimated amount from confirmed coins ready to payout so far: 0.00066742

Definitely not keeping any mining power here.  Do you not have enough mining power for these high diff coins or something?  This utter lack of payout is unbelievable given current alt-coin profitability.

Hi phzi,

Understand your concern.

As mentioned earlier, we in the midst of deploying a new optimized version in the coming days.

Very odd, I just received a .07BTC payout from altcoinplex.

Seems more like display and tracking issues then?  For hours my stats page showed no balance.

Will bring some hashing power back here in a few days to see if the stats have improved - slightly too unnerving for me needing to simply wait for payouts to find out if I am going to make a profit.

I think a few of the newer pools were not expecting such a big jump in hash. Payout is still covering electric costs with a little extra, so I'm keeping a little here. Looking forward to the new interface.

any ideas when a payout might be coming?

Hi aclass,

Our pay usually happen at between 0000hrs to 0200hrs, +0800GMT.

Please let us know if you didnt receive.

Thanks

Yes, I did not receive and my stats do not show a payment. I will send you my BTC address in a PM

ok thanks.

We will look into it.

anybody tested the profitablility compare to otherpool?

got my payment
thank you

Hi aclass,

Thanks for the post.

any news?

Hi everyone,

Just a quick update

The system will stop paying out in dogecoin and litecoin at the end of this week due to low take up as we not able to cover for the withdrawal fee.

We sincerely apologise for any inconvenience.

That sucks... I have been waiting for some better stats info, and then was going to try my miners here again because I liked the idea of auto-trading to LTC.

Too bad about litecoin payouts...  :-[

Btw, i've been mining here for the last 2 days and didn't receive any payout from you so far. Is this connected to your problems with litecoin? Could you please check what is going on? My address is LdtrU7hDzWVbcgPizBx3M4JirXqPhX1YVS . Thank you.

Hi sumobajs,

We will check and update you.

Thanks.

I seem to have missed a payout yesterday. Could this be? There's no way to know, but hashing power has been the same for the past days, and I just received an almost equal amount as 2 and 3 days before. (1QDdiytvrAVooHAhfc5ohAtXtJDP6Nf7VQ )

36 hours of mining at over 10MH/s (submitted non-rejected work - my stales here are around 10%), so far one payment for .062 .

Lack of stats on this drive me nuts - some basic info about what kind of payment we might be able to expect would be awfully useful.

Hi Phzi,

We understand your concern. As the work to improving our system is underway, we will look into adding some basic info.

I'm in the same boat here as i've been receiving regular daily payments, but one was missed for the 2nd March.

Any ideas?

Hi,

Can post your address? We do a check and let you know.

Thanks

Hi,

It's 1BY3AmuaeVz7J7adw8ZC1nZJDnArHEPBBT

Is the payout late today?

Hi,

One of our service provider vircurex disabled their withdrawal yesterday. The payout today will be combined with the payout yesterday.

Sorry for any inconvenience.

Rest assured the payout will not be affected, you will still get your payout.

We are in the midst of testing our new swticher logic to be deployed in the next couple of days. Better payout can be expected soon once its deployed.

Great news! How is the progress going on enhanced stats? Sorry to nag - looking forward to the updates.

Hi drexel232,

Sorry for the delay.

Once updated, we will update you soonest.

Hello,
Apparently I miss 2 payouts on 2nd and 4th March....
Whats wrong?

My address: 1AzmywxDuuWGb7BS5eMwpnC6QsxkUbSs2L

You should try to set up fast more accurate stats. Here i even don't know if one of my miner is down.

Thx

I'm also missing these two payments, for the 2nd and 4th.

Any update on where the payouts have gone?

This seemed to be quite a good pool, but losing two payments in one week massively dents the profitability compared even to mining a single coin.

Hi,

Sorry for the late updates.

We running through the check and will keep you guys posted.

Thanks

Now it's three payments.... 2nd, 4th and 6th.

EDIT:  I've actually now received the payment for the 6th, but it's way below previous payouts.

Bad payouts yesterday and today: around 0.012 for 2,5MHhs.... and two payouts still missing...I'am waiting for a quick reaction

Can we please have an update on this?

Specifically:

1.  Will we receive payouts to make up for payouts currently missing entirely?
2.  Will we receive payouts to make up for the fact that recent payouts have been half the expected rate?

1. We are doing a check on this.

2. Recent payout havent been expected,but we still tweaking our payout system.

Any more news?  I've got another missed payment now...

Hi,

One of our service provider Cryptsy delayed their payout yesterday. Hence it affected our payout yesterday. The payout should be in today.


Sorry for the inconvenience

What about the other missed payments?

Come on guys, that's ANOTHER missed payment.

2nd, 4th, 9th and 11th now, and we keep getting told that checks are happening, but with no further detail.


What the hell's going on?

Personnaly I'm already out :/ Huge lack in seriousness and reactivity there....

Hi guys,

Sorry for the lack of updates recently.

We in the midst of finding a more profitable coin to mine. We manage to find some few days ago. However, the withdrawal was slow thus affecting our payout.

But your payout wont be affected as any unpaid coin will be paid out the next day.

Thanks for the understanding.

The payout on 2nd and 4th was paid on the 3rd and the 5th.

sigh

... and the 9th and the 11th?

On a couple of occassions you have posted the payout BTC/MH/Day.  If you posted this then we could see whether the payment was effectively made as part of a later payment.

As you're providing no information, we're left in the dark.

Hi btc_dave,

We understand that part. In the midst of improving our payout system, we actually focus on trying to get the best payout for the miners. Thus, the BTC might not be that accurate during this period so we didnt really post it as it can be misleading. 

Your stats page will show you the payout you are suppose to be getting, if today you didnt receive, it will be payout together with the next day.

We try to resolve the issue asap.

Any chance we are going to get a payout any day soon?

Lol! It's like watching paint dry  :D

:-\

Yeah, tell me about it.  Sending payments and staying otherwise quiet is tolerable, so long as the profits are normal.  But to go dark AND not send payment for several days....on top of failing to deliver other promises....needless to say, my hash power has been moved.

How do I setup different rigs using same payout address? Won't that cause VARDIFF issues?

Sorry for this extremely extremely late update! I was burying my head down in the redesign of the website before realizing that I have no talent or skills in that area. My past experience in building scalable architectures clearly didn't come in handy here. :-( This took up a significant chunk of our time over the past couple of weeks while we juggled with redesigning some of the components of our system to deal with our dwindling hashrates, from over 200 MH/s last month to around 4-5 MH/s today. In short, we now connect to larger alt-coin pools for coins with much higher difficulty, like dogecoin or litecoin, to try and ensure a more consistent payout for our users and fallback on our own stratum daemons for coins with lower difficulty. We have also recently deployed a new algorithm in our basket mining system which should see better profits in the forthcoming days (it is still experimental and being tweaked as we speak!).

We understand this is our fault for not communicating well with our users, you, and the community. We are extremely sorry about this and will work to improve on it. Altcoinplex and I will be much more active in this forums henceforth and provide better clarity of our operations to you.

What happened with the delayed payouts, of around 1 payout every 2 to 3 days was due to an unfortunately series of events. Our coin switching mechanism decided to mine Auroracoin for a couple of days which takes almost 36 hours for the coin to mature and transferred to our exchange before we could convert it to BTC. When we realised this, we manually intervened into the coin switching mechanism to lower the mining on Auroracoin and set it to mine other alt-coins. As the backlog from the Aurora coins began clearing and we were ready to do another round of payouts, our primary exchange decided to perform maintenance on their BTC wallet and thus prevented us from doing payouts again. The final amount that our miners received shouldn't be affected, only delayed as it was.

This same exchange prevented us from doing payouts in the previous few days due to issues with BTC withdrawals and are attempting to freeze BTC accounts, as such, we decided to go with the lesser evil of trading our BTCs to DOGE, transfer to a separate exchange that we also use, trade it back to BTC at a loss, but at least guarantee our users receive their payouts. [http://stats.altcoinplex.com/poolstats.html]

This exchange has been removed from our list of exchanges that we use until they fix their problems, and we sincerely apologise for causing any distress to our users.

We messed up, we will try our best to fix it!

No it shouldn't. Each connection is treated separately. VARDIFF works by the stratum-server considering the approximate hashrate of each connection. If you submit too many hashes within an interval, it decides the hashrate is too low and increases it incrementally until a rate acceptable by the pool operator. If it determines you are submitting too little hashes within an interval, it will decrease the difficulty accordingly.

Thanks for the update, it was greatly appreciated and the website update is very welcome too.

One thing I'm a bit confused by though is the Pool Average Hashrate which is about 1.1MH/s.

This is basically my current average hash-rate so am I the only person in the pool at the minute!?

Hi Dave,

Thanks for sticking it out with us! The past couple of weeks have been rough, and we're working to improve!

First up, there was a sudden drop in our pool hashrate since early this morning which we are currently investigating with one of our good friends and fellow miner, becks619, whose account is at http://stats.altcoinplex.com/users/bitcoin/1MjNG9pGippwTSHraPnB1MBKwjr4q2ykiY.html

It appears one of our upstream pools caused his client to reconnect directly to their pool instead of going through to us. This caused his client and our test rigs to mine directly to them instead.

Can you please check if your client is currently connecting to pool.altcoinplex.com:5555 or another ip? His rig and our test rigs were told to reconnect to 198.27.xx.xx, which is the upstream server's ip address, and bypasses our servers. Thus, we are unable to properly attribute the hashpower to our miners, as we don't get credited properly for the mining by our upstream pools themselves.

As a precaution, we have filtered such messages,  "client.reconnect", from our upstream pools, as they are allowed in the stratum protocol, and prevent them from being sent to our miners directly.

Hmmm, I'm connected to 190.97.165.179.

Should I restart cgminer?

Yes. It seems they got all our users mining on them to connect directly to their server instead.

Done.

Now connected to pool.altcoinplex.com

:D

Thanks! :-)

Due to the low hashrates in our pool, we will be postponing tonight's payout until tomorrow.

Due to a combination of factors, 1) we use multiple exchanges, 2) we basket mine multiple coins at the same time, 3) low hashrates, our available balances in the exchanges, viewable at http://stats.altcoinplex.com/poolstats.html , is currently under the threshold allowed to be withdrawed. We'd have to wait at least until we are above the threshold before we can payout. We hope for your understanding!

Hey there,
you should probably edit your opening post regarding that payouts in Lite- and Dogecoin are no longer available. There are currently 5 Dogecoin addresses in the Pool Users Statistics (including one of mine :D) and it took me some time to find the announcement.
Other than that, good luck in the future :)

Hey Powerfred, thanks for checking us out! Sorry we had to shutdown payout lite/dogecoins due to the lack of take up. I'd get altcoinplex to modify the opening post asap to mention it asap.

Also, I'd updated the server to reject users with passwords litecoin and dogecoin immediately.

Just pushed out an update to show current hashrate and rejection percentage on the users page! This is based on data collected over the last 5-10 minutes from your miners.

http://stats.altcoinplex.com/users/bitcoin/1MjNG9pGippwTSHraPnB1MBKwjr4q2ykiY.html

Hope this is useful for miners out there!

The payouts for today and yesterday have executed, thanks to everyone!

The payouts based on today and yesterday is ~0.00524 BTC / MH/sec / Day.


http://stats.altcoinplex.com/users/bitcoin/1MjNG9pGippwTSHraPnB1MBKwjr4q2ykiY.html

We do not need more exchanges, we need good exchanges. ;)

We're a mining pool, not an exchange :-D and yes, I agree, we def need more stable exchanges in the ecosystem!

After a few days of beta-testing, we have finally unveiled a new design for our website @ http://www.altcoinplex.com/ !

With this fresh re-design, we hope to be more transparent in our operations to our miners. We also made it such that miners will be able to better view and analyze their own statistics!

Do share with us your comments and feedbacks!

Hmm, we have just tweaked/updated the algorithm that assigns the weights in the basket.

Hopefully this improves the payouts for tonight a lil!

Cheers and happy mining guys!

We've just added a statistic at the top bar showing the Current Estimated Payout per MHs/Day for the current round at the top bar!

Hi just pointed 5.2Mh/s at your pool. Stats page only showing 3.3Mh/s, is this normal, I have very low rejects, shouldn't it show a bit higher?

Added about 6.5 mhash :) let's see how you're doing.
cheers

Thanks for trying us out! Can you drop me a pm with your btc address to check it out?

If you've just connected, you might have to wait for 15 minutes up to an hour for the stats to stabalize.

Thks for trying us out! We hope you won't be disappointed!

Another night, another round of payouts!

The average payout for the past 24 hrs is 0.0053 BTC/MHs/Day

We're tweaking some backend server code, do let us know if you are having frequent disconnects.

Reactivated mining for multiple coins earlier today. Tonight's payout is looking good!

Another round of payouts has just been executed - we averaged 0.005188 BTC/MHs/Day

Cheers and happy mining to everyone!

We now show the average payouts (BTC/MH/Day) over the last couple of days on our pool statistics page over at http://stats.altcoinplex.com/poolstats.html !

We hope this is useful for miners out there!

Another night, around round of payouts! Tonight's payouts averaged 0.005933 BTC/MHs/Day!
For more info, check us @ http://stats.altcoinplex.com/poolstats.html

Numbers look decent, pointing my rig your way!

Thks for trying us out!

Based on feedback we've received, we now display the Average Hashrate over the last n payout intervals at http://stats.altcoinplex.com/poolstats.html !

Hi everyone!

Our average payouts for yesterday 29th March was 0.004596 BTC/MH/Day

Our apologies for this late update. We've been working on the backend feverishly yesterday and today. The stats on the Current Estimate Payout for today is inaccurate (off by about 25%-40%) while we working on it. The final payouts tonight should be be affected. We are still working around-the-clock on it and hope to provide better and more stable returns for our miners!

Our stats are back to normal, the current estimated payout for today can be found at the top of our homepage http://stats.altcoinplex.com/

We now show your reject rate over a period of time in your users stats page!  :)

http://stats.altcoinplex.com/users/bitcoin/1MjNG9pGippwTSHraPnB1MBKwjr4q2ykiY.html

Another day, another round of payouts!

Our average payouts for today is 0.005405 BTC/MH/Day

An example miner from today's payout

http://stats.altcoinplex.com/users/bitcoin/1MjNG9pGippwTSHraPnB1MBKwjr4q2ykiY.html

Cheers and happy mining!

We've just pushed out an update that should see slightly more stable and consistent returns/payouts.

How prepared is your pool to accept significant boosts to hash power?  What kind of ddos considerations are in place?  Pool performance reports seem amazing, especially for considering just 10 miners and about 15mh/s.  If it keeps up and you make your way into some of the comparison charts then this may explode.

Edit: deleted one of my questions since it's plainly posted on the main website.

Also... why so few people mining here?  Seems like a decent pool.  Guess I'll know after tonight.

Anyone home?  Bump...

We were tested with around 500 mh/sec at one point last month, just shortly after the middlecoin incident, and handled it without much issues. With the huge updates and optimizations to our server architecture over the past month, we are confident that we can handle much more than that without any significant issues.


We're looking at setting up eu/useast/uswest/asia servers and putting loadbalancers in front of them in the near future if the hashrate increases significantly. With our devops tools, setting each server up should take under a day or two, barring blockchain syncs taking longer than that! :)

Cloudflare should be implemented for the frontend website once we finish with our next couple of rounds of updates to the backend.


Our mining fee will be 1%.

Haha, I was just replying to your message! We're on +0800 GMT here, do bear with us due to our timezone differences!

Ah, I see.  Thank you for the reply.  I feel so lonely in this pool.  Looking forward to maybe having some company.  But uhh.... I guess I don't really have a lot of friends to drag on here with me.  Sorry!

Well, maybe someone else will take a try with me.  The website stats are 'okay'.  I wish I could get a better status as far as current earnings but I'm okay with waiting until the payout to see the performance too. 

All the talk of "major changes" makes me nervous.   Makes me think there will be service interruptions and interruptions are pretty much the #1 thing that makes miners (me anyways) move to a new pool.

Also, your answer to my question about ddos protection wasn't exactly what I was hoping to see given that another well known pool (Clevermining) just got schwacked pretty good by DDOS and they had cloudflare protection. 

Good luck.  Hope we all prosper and hope btc value and other coins flourish.

It appears we had a run of bad luck today, a few of the coin blocks we mined turned out to be orphaned. Since we are a small pool, this resulted in a huge drop in our earnings for the day.

As a result, our payouts for today is 0.004490 BTC/MHs/Day

Come on people now...  Come join me!    Throw some hash and get some cash.   8)

seems interesting pool.

I am watching it closely,

guys how is your experience of mining with this pool's servers?

I think there's like 6 to 8 actual people mining on here... lol.  My experience so far is positive and on par with other payouts.  I think it has potential if folks would give it a shot.  But... don't look for a lot of replies to your question... just not that many folks actually mining here so far.  Looks like a few folks had some problems earlier up in this thread.  The website reports some sporadic rejects but my cgminer is indicating not more than 1% rejects over the past two days.

Another night, another round of payouts. Today's payouts average at 0.004656 BTC/MHs/Day

The low hashrate in our pool is causing quite a few orphaned blocks yesterday and today, reducing overall profits for everyone. I'm reverting back to our previous switching algo for the time being to see if payouts will improve.

Hmmmm, pretty good payouts considering such low pool hash.  I'm really interested to see what this pool can do with something more on the magnitude of 100 Mh/s.  But... I also sort of like being the king of the pool with my big bad 6.2 Mh/s rig lolol

Who is this doin' this emphatic type of alpha-beta psychedelic hashing?

Chemical bros... ha!

I had some technical difficulties of my own trying to update from win8 to 8.1.  Now I'm back at full strength.  Looking forward to give at least a solid 3 days at full strength to see how this pool performs.  Still very lonely.  Won't someone else come join me?  Fire up some hash here, eh?  hehehehe

A few questions:

1. Does the FAQ link work?

2. What is considered a "current round"?

3. Can you explain more about rounds such as how long each round lasts (60 minutes?).  This may help understand more about what the user "estimated payout" info means

4. Is there any place where we can see exactly what coins are being mined other than looking at our cgminer? 

5. Probably not a priority but... adding any more coins?

Todays payout was pretty good.  Roughly .005 btc per Mh/s.  So looking forward to seeing if my rigs can stay consistent a bit more and see how it progresses.

Thanks.   Still wishing some more folks would jump on this pool to give it a fair shot.

Hi grendel25,

1. We still in the midst of updating the FAQ.

4. Currently, thats the only way.

5. We been exploring more coins.

We've removed it temporarily for now due to updates.


It is usually approximately the time between our last payout round until now.


Each payout round is approximately one day, or two days if our hashrate is too low and withdrawal fees take up a significant percentage of the payout.


Our pool stats page http://stats.altcoinplex.com/poolstats.html shows the coins we are currently mining. We are looking to display the blocks we participated in solving in the near future. Our priority is to try and improve our daily payouts and reduce the current variance for our miners.


We do add new coins periodically and we're always monitoring ~20 coins at any one time, we add/remove coins on a regular  basis. Its just that our switcher determines the profitability of those other coins as too low to consider switching to them.


Thks grendel! We are immensely grateful for you sticking here with us! We suspect the huge variance in daily payouts is due to the consistently low hashrates, but we're looking into ways to try and reduce it to make our payouts more consistent.

Sorry, looks to have crashed (website) so I've moved on.  Good luck and I'll continue to watch.  May come back if more miners come.  Sorry we couldn't get you more support so far.

my rig is pointing to your pool....

when the current round scheduled to payout....

Your stats report a 0.003 btc/mh/day average do is that the stats for that specific day