Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: altcoinplex on January 23, 2014, 05:02:45 PM



Title: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on January 23, 2014, 05:02:45 PM
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,
Code:
./minerd --algo=scrypt --url=stratum+tcp://pool.altcoinplex.com:5555 -u <bitcoin address> -p bitcoin
./cgminer –scrypt -o stratum+tcp://pool.altcoinplex.com:5555 -u <bitcoin address> -p bitcoin
./cudaminer --url=stratum+tcp://pool.altcoinplex.com:5555 --userpass=<bitcoin address>:bitcoin
For dogecoin users,
Code:
./minerd --algo=scrypt --url=stratum+tcp://pool.altcoinplex.com:5555 -u <dogecoin address> -p dogecoin
./cgminer -scrypt -o stratum+tcp://pool.altcoinplex.com:5555 -u <dogecoin address> -p dogecoin
./cudaminer --url=stratum+tcp://pool.altcoinplex.com:5555 --userpass=<dogecoin address>:dogecoin
 

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: uxstack on January 26, 2014, 05:35:51 AM
Sounds good, count me in!

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on January 26, 2014, 08:11:27 AM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: greenhorn on January 26, 2014, 01:49:14 PM
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 :)


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: uxstack on January 26, 2014, 01:55:25 PM
Reporting in after 8 hours mining.
D7Yn7FNJK7xc6wynKStohEukNNdWtZokio

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: greenhorn on January 26, 2014, 02:25:30 PM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on January 26, 2014, 03:31:50 PM
Hi greenhorn and uxstack,

Thanks for informing us.

We realise the issue with the stats part.

Will keep you guys posted.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: uxstack on January 26, 2014, 03:56:04 PM
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? :-\


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on January 26, 2014, 06:43:04 PM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: uxstack on January 27, 2014, 12:27:08 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on January 27, 2014, 03:34:08 AM
As for the errors, unfortunately they are still occuring randomly:

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: uxstack on January 27, 2014, 06:13:11 AM
Quote
I have just pushed out another update that fixes it.

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: becks619 on February 10, 2014, 04:31:10 PM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 11, 2014, 01:18:44 AM
Hi altcoinplex, thks for the great service!

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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 12, 2014, 04:31:48 PM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 13, 2014, 02:18:42 AM
Thanks everyone for supporting us and continue to support us.

We are working on improving our system in the meantime.

Happy mining!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 13, 2014, 04:12:32 PM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: cad_cdn on February 13, 2014, 04:18:42 PM
what is your profitability against ltc? for example clevermining is reporting 83% from their autoswitching, curious to know how you compare.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 13, 2014, 04:41:38 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: cad_cdn on February 13, 2014, 04:48:33 PM
sounds, good! I'll throw some kh at it

thx
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: cad_cdn on February 13, 2014, 07:47:16 PM
got both my rigs pointed there for the day.

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

Thank you for mining with us! :-) We hope you won't be disappointed!

jrrsparkles


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: CoinBuzz on February 13, 2014, 08:13:17 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 14, 2014, 04:22:31 AM
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.

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.

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

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: CoinBuzz on February 14, 2014, 08:01:05 AM
- 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?

- 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 ?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 14, 2014, 09:48:20 AM
- 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.

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.

Quote
BTW, thanks for your work, just wanted to share my suggestions, maybe helpful.

Thanks for sharing them!

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

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: PeterL on February 14, 2014, 10:17:28 AM
Looks good, just added a bit under 2MH to your pool. Thanks!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 14, 2014, 11:08:54 AM
Thanks for your support peterL.

Have fun mining.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on February 14, 2014, 11:53:03 AM
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?



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 14, 2014, 01:20:50 PM
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?

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!

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

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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on February 14, 2014, 01:39:48 PM
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!

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 14, 2014, 02:08:40 PM
Thanks for getting back to me!

You're welcome! :-)

Quote
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.

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on February 14, 2014, 02:16:29 PM
Excellent!

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 14, 2014, 08:15:24 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: Slipz on February 14, 2014, 08:35:58 PM
Gona try this in a bit see how it compares to wafflepool


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 14, 2014, 08:48:32 PM
The one-time payout has been sent by our system.

Once again, my apologies for the error!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: Slipz on February 15, 2014, 06:51:22 AM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: blajde on February 15, 2014, 04:05:37 PM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 15, 2014, 04:19:17 PM
Another night, another round of payouts... today's payout is ~0.0111 BTC / MH / day.

Cheers and happy mining guys!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 15, 2014, 04:31:42 PM
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?

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.

Quote
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.

<snip>

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!

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: MikkaMK on February 16, 2014, 04:58:35 AM
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?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 16, 2014, 06:54:48 AM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: MikkaMK on February 16, 2014, 08:46:31 AM
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?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 16, 2014, 09:37:29 AM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: CoinBuzz on February 16, 2014, 02:06:17 PM
Please add some new coins


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 16, 2014, 03:46:42 PM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 16, 2014, 03:50:36 PM
Please add some new coins

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! :-)


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: gpson on February 18, 2014, 07:41:48 AM
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?..


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 18, 2014, 09:38:17 AM
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.



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: aclass on February 18, 2014, 03:54:54 PM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 18, 2014, 04:01:15 PM
Hi aclass,

We understand your concern. 

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



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 18, 2014, 04:29:38 PM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: Slipz on February 18, 2014, 05:36:23 PM
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?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: CoinGirl on February 18, 2014, 06:05:22 PM
Advertise your coin or pool here:
Visit: http://www.bitscraper.pw/p/blog-page.html (http://www.bitscraper.pw/p/blog-page.html)


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: drexel232 on February 18, 2014, 06:46:09 PM
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?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: Atix on February 18, 2014, 07:13:18 PM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: drexel232 on February 18, 2014, 11:29:26 PM
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?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 19, 2014, 01:21:35 AM
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?

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 19, 2014, 01:53:15 AM
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

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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 19, 2014, 02:07:40 AM
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?

These values are updated constantly around three minutes.

It will be showing 0.0 only the daily payout period.


Cheers




Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: CraftyMiner on February 19, 2014, 03:23:15 AM

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.
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: drexel232 on February 19, 2014, 03:44:03 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 19, 2014, 03:57:14 AM
Hi drexel232,

Was doing a check when saw your post.

Everything ok so far?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 19, 2014, 04:02:29 AM

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.
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

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: drexel232 on February 19, 2014, 04:14:58 AM
Hi drexel232,

Was doing a check when saw your post.

Everything ok so far?

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 19, 2014, 04:29:16 AM
Hi drexel232,

Was doing a check when saw your post.

Everything ok so far?

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.

:)


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: drexel232 on February 19, 2014, 06:42:35 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: aclass on February 19, 2014, 06:53:10 AM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: OleOle on February 19, 2014, 06:55:09 AM

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

:)



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 19, 2014, 07:07:09 AM
Hey Guys,

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

Please assist

hi aclass,

We will look into the matter and keep you posted.

Thanks


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: hammo on February 19, 2014, 07:11:18 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: drexel232 on February 19, 2014, 07:38:47 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 19, 2014, 08:25:42 AM

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

:)



Hi OleOle,

Thanks for your support.



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: CraftyMiner on February 19, 2014, 08:57:51 AM
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.
I 2nd Drexel.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 19, 2014, 09:40:39 AM
Hi velfast,

Welcome to altcoinplex.

Thank you for your support.

Dont worry. We will be here to stay.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: aclass on February 19, 2014, 12:15:45 PM
come one guys ... who needs 8192 vardiff? I have only 1 accepted share for 20+ minutes with 2.2 mh


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on February 19, 2014, 03:05:13 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: pagona on February 19, 2014, 03:50:47 PM
i find this similar to something


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 19, 2014, 04:20:47 PM
Hi everyone,

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

Cheers and happy mining!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc-mike on February 19, 2014, 10:20:26 PM
How do I setup different rigs using same payout address? Won't that cause VARDIFF issues?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: CraftyMiner on February 20, 2014, 01:33:04 AM
Hi everyone,

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

Cheers and happy mining!
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 20, 2014, 02:35:54 AM
Hi everyone,

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

Cheers and happy mining!
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: CraftyMiner on February 20, 2014, 02:48:57 AM
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).



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 20, 2014, 02:59:50 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: rudyo on February 20, 2014, 09:06:13 AM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 20, 2014, 09:25:11 AM
Hi rudyo,

We running the check now.

Will update u soonest.

Sorry to hear about that.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 20, 2014, 04:03:40 PM
Hi everyone,

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

Cheers and happy mining!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc-mike on February 20, 2014, 06:06:25 PM
How do I setup different rigs using same payout address? Won't that cause VARDIFF issues?

Same question.

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: rudyo on February 20, 2014, 06:23:35 PM
Hi everyone,

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

Cheers and happy mining!
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 21, 2014, 01:00:03 AM
Hi rudyo,

We are checking.

Sorry for the delay.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: rudyo on February 21, 2014, 01:26:02 AM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 21, 2014, 01:56:10 AM
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.




Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: mamaie on February 21, 2014, 02:36:23 AM
let's see i have 6mh/s


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: rudyo on February 21, 2014, 03:23:38 AM
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.



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...


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 21, 2014, 03:53:15 AM
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



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: phzi on February 21, 2014, 04:20:08 AM
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,


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 21, 2014, 03:02:29 PM
Hi phzi,

Welcome to altcoinplex.



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: evansearle42 on February 21, 2014, 03:13:56 PM
Nice pool :) hopefully it got all stable..


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 21, 2014, 03:30:21 PM
Hi evansearie42,

Thanks for your feedback.



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: phzi on February 21, 2014, 04:03:42 PM
Hi phzi,

Welcome to altcoinplex.
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 21, 2014, 05:05:50 PM
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,

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 21, 2014, 05:08:30 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: phzi on February 21, 2014, 10:03:39 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: mamaie on February 22, 2014, 03:45:42 AM
i`m mining with 6mh/s i`ll write here the report after 24h


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 22, 2014, 03:56:16 AM
i`m mining with 6mh/s i`ll write here the report after 24h

Hi mamale,

Thanks for the support


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: syncoin on February 22, 2014, 05:20:08 AM
Hey, developer of SynCoin here -- could you add us to the list of supported altcoins?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: phzi on February 22, 2014, 05:32:08 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 22, 2014, 05:22:24 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: phzi on February 22, 2014, 08:01:05 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: drexel232 on February 22, 2014, 09:40:22 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: aclass on February 24, 2014, 11:54:20 AM
any ideas when a payout might be coming?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 24, 2014, 02:46:43 PM
Hi aclass,

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

Please let us know if you didnt receive.

Thanks


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: aclass on February 24, 2014, 03:14:28 PM
Yes, I did not receive and my stats do not show a payment. I will send you my BTC address in a PM


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 24, 2014, 03:38:04 PM
ok thanks.

We will look into it.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: beegatewood on February 24, 2014, 04:09:54 PM
anybody tested the profitablility compare to otherpool?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: aclass on February 24, 2014, 09:21:40 PM
got my payment
thank you


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 25, 2014, 02:21:34 PM
Hi aclass,

Thanks for the post.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: CoinBuzz on February 26, 2014, 06:46:06 PM
any news?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 27, 2014, 05:14:18 PM
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.





Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: phzi on February 27, 2014, 05:38:45 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: sumobajs on February 28, 2014, 08:26:54 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on February 28, 2014, 03:10:02 PM
Hi sumobajs,

We will check and update you.

Thanks.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: serverhamster on March 02, 2014, 08:32:03 PM
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 )


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: phzi on March 02, 2014, 08:51:45 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on March 03, 2014, 01:13:12 AM
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.



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 03, 2014, 08:33:46 AM
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 )

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?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on March 03, 2014, 04:38:00 PM
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 )

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 03, 2014, 06:32:24 PM
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 )

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: serverhamster on March 03, 2014, 08:28:51 PM
Is the payout late today?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on March 04, 2014, 08:08:21 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: drexel232 on March 04, 2014, 09:16:33 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on March 04, 2014, 01:51:42 PM
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.



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: Peter_peter on March 04, 2014, 09:25:45 PM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 04, 2014, 09:55:29 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on March 05, 2014, 04:09:58 PM
Hi,

Sorry for the late updates.

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

Thanks


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 06, 2014, 06:39:37 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: Peter_peter on March 06, 2014, 11:18:43 PM
Bad payouts yesterday and today: around 0.012 for 2,5MHhs.... and two payouts still missing...I'am waiting for a quick reaction


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 07, 2014, 11:52:08 AM
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?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on March 07, 2014, 04:59:14 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 09, 2014, 09:46:20 AM
Any more news?  I've got another missed payment now...


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on March 09, 2014, 02:17:12 PM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 09, 2014, 07:26:17 PM
What about the other missed payments?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 10, 2014, 10:24:31 PM
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?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: Peter_peter on March 10, 2014, 11:05:28 PM
Personnaly I'm already out :/ Huge lack in seriousness and reactivity there....


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on March 11, 2014, 02:16:39 AM
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.



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 11, 2014, 06:47:25 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on March 11, 2014, 12:39:42 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: MrCryptastic on March 17, 2014, 02:37:34 PM
Any chance we are going to get a payout any day soon?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: OleOle on March 17, 2014, 02:40:23 PM
Any chance we are going to get a payout any day soon?


Lol! It's like watching paint dry  :D

:-\




Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: MrCryptastic on March 17, 2014, 02:56:05 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: goodensy on March 17, 2014, 07:25:30 PM
How do I setup different rigs using same payout address? Won't that cause VARDIFF issues?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 24, 2014, 05:12:29 AM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 24, 2014, 05:15:18 AM
How do I setup different rigs using same payout address? Won't that cause VARDIFF issues?

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 24, 2014, 10:59:22 AM
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!?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 24, 2014, 11:21:22 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 24, 2014, 11:24:07 AM
Hmmm, I'm connected to 190.97.165.179.

Should I restart cgminer?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 24, 2014, 12:04:03 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: btc_dave on March 24, 2014, 01:34:09 PM
Done.

Now connected to pool.altcoinplex.com

:D


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 24, 2014, 04:39:52 PM
Done.

Now connected to pool.altcoinplex.com

:D

Thanks! :-)


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 24, 2014, 05:43:59 PM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: Powerfred on March 24, 2014, 09:09:00 PM
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 :)


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 25, 2014, 03:36:32 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 25, 2014, 07:27:51 AM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 25, 2014, 05:17:02 PM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: Steven Lee on March 25, 2014, 05:45:25 PM
We do not need more exchanges, we need good exchanges. ;)


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 25, 2014, 07:02:59 PM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 26, 2014, 03:49:43 AM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 26, 2014, 06:26:21 AM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 26, 2014, 09:06:24 AM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: qiqide on March 26, 2014, 10:23:38 AM
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?


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: dszuecs on March 26, 2014, 10:34:55 AM
Added about 6.5 mhash :) let's see how you're doing.
cheers


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 26, 2014, 10:38:02 AM
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?

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 26, 2014, 12:30:33 PM
Added about 6.5 mhash :) let's see how you're doing.
cheers

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 26, 2014, 06:08:40 PM
Another night, another round of payouts!

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 27, 2014, 07:20:43 AM
We're tweaking some backend server code, do let us know if you are having frequent disconnects.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 27, 2014, 10:08:01 AM
Reactivated mining for multiple coins earlier today. Tonight's payout is looking good!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 27, 2014, 05:38:59 PM
Another round of payouts has just been executed - we averaged 0.005188 BTC/MHs/Day

Cheers and happy mining to everyone!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 28, 2014, 08:07:45 AM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 28, 2014, 04:46:51 PM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: evillittlegoat on March 28, 2014, 08:09:43 PM
Numbers look decent, pointing my rig your way!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 29, 2014, 02:55:07 AM
Numbers look decent, pointing my rig your way!

Thks for trying us out!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 29, 2014, 04:31:08 AM
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 !


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 30, 2014, 10:51:10 AM
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/


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 30, 2014, 11:54:32 AM
We now show your reject rate over a period of time in your users stats page!  :)

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 30, 2014, 05:28:56 PM
Another day, another round of payouts!

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



Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 30, 2014, 06:02:07 PM
An example miner from today's payout

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

Cheers and happy mining!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 30, 2014, 07:10:16 PM
We've just pushed out an update that should see slightly more stable and consistent returns/payouts.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: grendel25 on March 30, 2014, 07:41:09 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: grendel25 on March 31, 2014, 03:15:42 AM
Anyone home?  Bump...


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 31, 2014, 03:37:23 AM
How prepared is your pool to accept significant boosts to hash power?  

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.

Quote
What kind of ddos considerations are in place?

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.

Quote
What will your fee be when you do finally implement one?

Our mining fee will be 1%.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 31, 2014, 03:38:23 AM
Anyone home?  Bump...

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: grendel25 on March 31, 2014, 04:54:33 AM
Anyone home?  Bump...

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on March 31, 2014, 06:25:50 PM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: grendel25 on April 01, 2014, 01:49:57 AM
Come on people now...  Come join me!    Throw some hash and get some cash.   8)


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: CoinBuzz on April 01, 2014, 07:26:56 AM
seems interesting pool.

I am watching it closely,

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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: grendel25 on April 01, 2014, 02:50:26 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on April 01, 2014, 06:29:43 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: grendel25 on April 02, 2014, 05:10:42 AM
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!


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: grendel25 on April 03, 2014, 03:36:01 AM
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


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: grendel25 on April 06, 2014, 12:09:08 AM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: altcoinplex on April 06, 2014, 03:13:44 PM
Hi grendel25,

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

4. Currently, thats the only way.

5. We been exploring more coins.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: jrrsparkles on April 06, 2014, 04:41:46 PM
A few questions:

1. Does the FAQ link work?

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

Quote
2. What is considered a "current round"?

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

Quote
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

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.

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

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.

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

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.

Quote
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.

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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: grendel25 on April 06, 2014, 05:25:00 PM
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.


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: yudiwae on May 21, 2014, 03:58:22 AM
my rig is pointing to your pool....


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: yudiwae on May 24, 2014, 04:29:43 PM
when the current round scheduled to payout....


Title: Re: [ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool
Post by: chrisnewby91 on June 06, 2014, 10:50:29 PM
Your stats report a 0.003 btc/mh/day average do is that the stats for that specific day