Is there a transaction history?
If not, would be nice to have. I have to check 3 or 4 exchanges to see what it's been doing.
Per-block, but not per-user. It's something I have on my list of things to do. |
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EU multiport was stuck on NVC, this has been fixed.
Looks like EU port is stuck on LKY right now. grr, looks like a race condition in the script.. I added a delay. Hopefully this won't happen again. EU folks, email me with your username, hashrate, and the approximate amount of time you were on the EU port this morning and I'll credit your account with some FTC. |
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Hmm, maybe we should offer an altcoin testing service.. Miners would get paid in LTC of course.
I don't quite follow. What do you mean by this exactly? Meaning we offer our collective hashrate to test new coins, but we'd get paid in LTC based on the amount of time mining. Obviously the numbers would have to work out to where it would be at least as profitable as mining on the multiport, plus a premium, for the miners. |
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Hmm, maybe we should offer an altcoin testing service.. Miners would get paid in LTC of course.
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It's not big talk, and it resulted from actual testing done on multiple pools.
I would like to see what multipool's orphan block/total block ratio is as well.
OP implies that you won't even get stale shares. That is technically impossible.. |
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It's due to the wild swings in difficulty, once it's more stable they'll disappear.
oh, and MNC is 0.6%. LKY 4.6% |
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With the wild difficulty swings that were happening, the orphans are inevitable. What's your performance like when the difficulty and hash are stable?
Wasn't one of the great thing about ARG that it has 0% Orphans? (See title). I was wondering how they did it in the first place. Looks like it was just some big talk to get people interested then? if you match that orphans count to total blocks count, it'll be close to zero percent actually. 91/1835 now, close to 5%. for comparison, our PXC pool is 25 orphans out of 1660 blocks, or ~1.5% FTC is 22/852 or ~2.5% DGC and WDC are higher for obvious reasons. We probably haven't found enough LTC or NVC blocks for them to be statistically relevant, but the LTC orphan rate is about 2%, NVC is 1.25%, TRC is ~1.6%. |
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Or they could simply stop the coin from being listed on Coinchoose Coinrape.
I don't use Coinchoose, I do my own calculations. Yeah, they could do that, I'd actually have a lot of respect if one of the new altcoins did that. But I doubt they will. Most of them have premined coins to dump. |
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Payouts got stuck for all coins sometime overnight.. They are currently running now.
can confirm its working now and what abou this?  EU multiport was stuck on NVC, this has been fixed. |
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Payouts got stuck for all coins sometime overnight.. They are currently running now.
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87 orphaned blocks on multipool since we started mining. just FYI.
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If I and a small handful of other miners have to spend 12 hours mining 250 blocks that should have taken only 2 hours, just to get the difficulty back down, that's a waste of my electricity
Then don't mine it? Who is forcing you to? I don't know why someone would create a p2p currency and then complain when people mine it. Maybe you are looking for a centralized currency. |
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Thanks for the input guys and for not taking this personal, flound1129. You too ahmed_bodi.
This is nothing, btw. Just wait until the scrypted asics hit the scene.... as if it hasn't happened already.
HT xD
Nothing to take personal. I understand the other point of view but I believe my reasoning is sound. I also understand how my point of view may not seem right or even be offensive to a "true believer" in a particular coin, but I am not one of those. |
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This also creates alot of extra work trying to sell alts that no one, besides the exchange bots, will want to buy. By the time your coins will have confirmed, the well timed pump will have long been dumped and the miner will make a fraction of what was expected.
HT xD
You can ask others here, but this hasn't been my experience. Although there have been few instances when the multiport switched due to a pump, most of the time it's due to a difficulty drop. And I generally do not have problems selling my coins at or near the price they were at when we were mining. I've also started using a weighted average of multiple exchange prices, and using the highest bid price rather than last price on some exchanges in an attempt to avoid pump-based switches. |
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The fact people are already coin hoping is no reason to give them a completely hands off way of doing it, and doesn't magically absolve you from being part of the problem. Its not the coin devs that don't like it, its the people mining the coin the 99% of the time its not top of coinchoose (presumably because they believe the coin has merit). Your pool hops on, owns the network for 20-30min until diff adjusts, then hops off, leaving the actual coin supporters left with another grind at a higher than required difficulty. Remember what happened to FTC, and being stuck on a ridiculously high diff? Your doing similar, on purpose, on an almost daily basis. Thankfully most coins adjust at an appropriate rate to not require hard forks these days, but it doesn't mean the affect isn't felt.
The FTC developers addressed the problem and it is now not a problem for that coin anymore. It's not my or my miners' fault if other coins, even with the benefit of prior knowledge of what happened to FTC's, continue to build copycat coins from LTC source without tweaking anything to avoid this. I'd also like to note that 'coin jumping' wouldn't be as much of a problem if coin devs built an organic base of supporters rather than bribing exchanges to add their coin as the first thing they do. As I mentioned, generally at least coins these days are built so as not to require a hard fork like in FTC's case, but it doesn't mean the affect isn't felt by every other miner mining the coin outside of coinchooses 30min window of profitability. Coin jumping also wouldn't be as much of a problem if your pool and its hundreds of Mh/s didn't hop around on purpose, automatically, every single day. Yah there are individual programs out there (as someone previously linked), but even that is on a per miner level (and in one case doesn't actually appear to automate any switching based on another websites data), its just for when a person decides to mine a new coin. All these coins your railing on for having no real support, or bribing exchanges, or not building a userbase ect. would probably be dead by now if not for coin hoping, at which point you'd then see not all the coins are in this same boat. Some would survive just fine. They'll be dead when there are no more BTC offers for them on cryptsy and not a minute sooner. Neither I nor my pool create rubes willing to buy a coin. You can thank the shitcoin marketing services for that. Your starting a dangerous race to the bottom, where no one actually cares about anything but a profitability number on a website, that is likely out of date by the time they have said coins anyways. Building a community, infrastructure, a strong base, people hopping coins on a daily basis aren't contributing to any of that...so...what are they contributing to then? What are you?
Miners are looking to pay their electric bills and make money on top of that. If you expect them to act in a selfless way you are dreaming. If you expect people in this community not to take advantage of a weakness in coin design to profit then you are also dreaming. I am providing a service that people want. If miners didn't care about profit there would be no multipool, there'd be no coinchoose, there'd be no cryptsy, and for that matter there'd be no argentum, or bitcoin or litecoin either. Adapt or die. |
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agreed with the above post. Ive been in the position of having all my coins invested into mincoin, then the flashminers came along, and pretty much killed it making me lose pretty much all i had due to the value taking a sky dive. You're pretty much killing coins on a daily basis, with not a care in the world of the effort it takes to get a coin out of that high diff mess
It's not healthy, I see it like refusing to slow down at school crossings arguing that the kids should learn to get out of the way faster, then having a dig at the parents. erk you're mining in the multiport right now... |
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I am curious what the theory is behind after I get the coins, is it more profitable to sell them as soon as I acquire them or hold on to them?
On one hand, you can make sure that you get the profits from whatever coin your mining if you sell right away, but on the other, waiting can allow the value to increase or also decrease and the coin can die. I was just wondering if anyone else had any insight or theory about holding vs selling right away.
Pools like this one should be avoided or banned because they are a kick in the face to the early adopters/ supporters of the coins targeted. This also creates alot of extra work trying to sell alts that no one, besides the exchange bots, will want to buy. By the time your coins will have confirmed, the well timed pump will have long been dumped and the miner will make a fraction of what was expected. HT xD I figured something like this would be said eventually. Look, the fact is that people are already coin hopping manually or by other means (cryptoswitcher, etc.) If the coin developers don't like people hopping on and off their coin, they should take steps to stabilize the difficulty. Some coins have done this with varying amounts of success. I am under no obligation to help 'early adopters' of any coin make money. I am also under no obligation to provide infrastructure to coin developers without any compensation. I have put a lot of work into this pool (practically all my free time since April), and I am spending my own time and money to provide an extremely stable and reliable infrastructure. If I add a coin to my pool it will be under my terms and nobody else's. If the ARG, LKY or PXC or any other heavily premined altcoin developers want me to add a general use pool for their coin or open up their coin's port for direct mining they can contact me and maybe we can arrange something. The fact people are already coin hoping is no reason to give them a completely hands off way of doing it, and doesn't magically absolve you from being part of the problem. Its not the coin devs that don't like it, its the people mining the coin the 99% of the time its not top of coinchoose (presumably because they believe the coin has merit). Your pool hops on, owns the network for 20-30min until diff adjusts, then hops off, leaving the actual coin supporters left with another grind at a higher than required difficulty. Remember what happened to FTC, and being stuck on a ridiculously high diff? Your doing similar, on purpose, on an almost daily basis. Thankfully most coins adjust at an appropriate rate to not require hard forks these days, but it doesn't mean the affect isn't felt. The FTC developers addressed the problem and it is now not a problem for that coin anymore. It's not my or my miners' fault if other coins, even with the benefit of prior knowledge of what happened to FTC, continue to build copycat coins from LTC source without tweaking anything to avoid this. I'd also like to note that 'coin jumping' wouldn't be as much of a problem if coin devs built an organic base of supporters rather than bribing exchanges to add their coin as the first thing they do. |
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agreed with the above post. Ive been in the position of having all my coins invested into mincoin, then the flashminers came along, and pretty much killed it making me lose pretty much all i had due to the value taking a sky dive. You're pretty much killing coins on a daily basis, with not a care in the world of the effort it takes to get a coin out of that high diff mess
You had everything invested in a coin that even the developer abandoned? |
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I am curious what the theory is behind after I get the coins, is it more profitable to sell them as soon as I acquire them or hold on to them?
On one hand, you can make sure that you get the profits from whatever coin your mining if you sell right away, but on the other, waiting can allow the value to increase or also decrease and the coin can die. I was just wondering if anyone else had any insight or theory about holding vs selling right away.
Pools like this one should be avoided or banned because they are a kick in the face to the early adopters/ supporters of the coins targeted. This also creates alot of extra work trying to sell alts that no one, besides the exchange bots, will want to buy. By the time your coins will have confirmed, the well timed pump will have long been dumped and the miner will make a fraction of what was expected. HT xD I figured something like this would be said eventually. Look, the fact is that people are already coin hopping manually or by other means (cryptoswitcher, etc.) If the coin developers don't like people hopping on and off their coin, they should take steps to stabilize the difficulty. Some coins have done this with varying amounts of success. I am under no obligation to help 'early adopters' of any coin make money. I am also under no obligation to provide infrastructure to coin developers without any compensation. I have put a lot of work into this pool (practically all my free time since April), and I am spending my own time and money to provide an extremely stable and reliable infrastructure. If I add a coin to my pool it will be under my terms and nobody else's. If the ARG, LKY or PXC or any other heavily premined altcoin developers want me to add a general use pool for their coin or open up their coin's port for direct mining they can contact me and maybe we can arrange something. The fact people are already coin hoping is no reason to give them a completely hands off way of doing it, and doesn't magically absolve you from being part of the problem. Its not the coin devs that don't like it, its the people mining the coin the 99% of the time its not top of coinchoose (presumably because they believe the coin has merit). Your pool hops on, owns the network for 20-30min until diff adjusts, then hops off, leaving the actual coin supporters left with another grind at a higher than required difficulty. Remember what happened to FTC, and being stuck on a ridiculously high diff? Your doing similar, on purpose, on an almost daily basis. Thankfully most coins adjust at an appropriate rate to not require hard forks these days, but it doesn't mean the affect isn't felt. Call it free market, call it whatever you like, at the end of the day it doesn't change the fact its overall a pretty negative impact on the coins involved and the community behind them. Perhaps your right, and many of these don't deserve to survive in the long run, especially if they 'can't handle this', but not sure that makes it any better that your contributing to their problems. Props to you on a technical level, for putting this all together. I respect what you've managed to build, but hate the concept and end results of it in pretty much every way. Good luck to you, and to those mining at your pool. Its hard to envision they are actually making what they hope to be by the time they've mined any significant amount of coins, but guess they must be if its that popular. To each their own. +1 PRECISELY my thoughts on this. Just because people do it already doesn't mean you should make it easier for them. This and the integration into CGWatcher and other utilities will begin to kill some coins that deserve better. Which coins, and why do they deserve better? |
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The real problem is that nobody want those coins unless they can by sold for profit.
Exactly. Unless you are a "true believer" in most of these coins, the only thing to do with them is dump them for a coin you can actually buy things with or has long term potential. Do you think the PXC developers are going to hold on to that million coin premine forever? |
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