Well I have told them it needs to payout in BRIT - haven't heard back from them yet because I think they are in the US.

Let's just see if we can get the one I started going and if it works first.  Hopefully you can get a refund if it does?  It probably wouldn't be worth paying for 2 multipools until we have more miners on board (and I suspect you paid considerably more for yours than I did for mine).  That BTC might be better spent on something else.

I did look at some of these.  The problem with these alternative coins to LTC for Scrypt is that they tend to have way more variation in profitability.  Each one has spent hours or even days at the top, followed by days near the bottom etc.  Whilst LTC is rarely the most profitable it maintains a much more stable position and the differences in profitablity between it and the top scrypt coin (for anything more than a few minutes) is pretty small.  We also know that there is no chance of it switching to POW any time soon.

Yes it uses the autoselling feature of Cryptsy (which is what the other MPs use).

They come from Cryptsy.  Hence why Will7am is talking to them about getting listed.  You choose the coin/alogrithm you wan to mine and then receive payment in BRIT.  To know the specifics we'll have to wait until they've set it up for me.  That's the problem about not knowing enough about pool servers.

I've been checking the charts on Coinwarz and the most consistent seems to be Bitcoin rather than Zeta and Uno.  Fuelcoin has consistently beaten them all although it's not on Coinwarz - let's just get the pool running and see.  If necessary we can add more coins later.

No because piss is not urea.  That's like asking if you can exchange your blood for a lump of iron.

There's no rush now that we at least have some kind of plan in place.  I would advise everyone to go and buy up as much BRIT as they can because it's not going to stay this cheap forever.  I've already exhausted my BTC - just wish I had more.  I recently ordered a small SCRYPT ASIC (just to test out) so at least it went to a good place and I'll have somewhere to use it.

Have messaged them to ask.

Right for now: I've decided on these based on Coinwarz profitability/volatility/ algo variety and to save having too much complication:

Bitcoin (SHA-256)
Fuelcoin(SHA-256)
Darkcoin (X11)
Global Denomination Coin (X11)
Litecoin (SCRYPT)
Vertcoin (SCRYPT-N)
Dirac (BLAKE 256)

Thanks.

I know GDN but am not familiar with the others.  Do you have their full names and links for the BTCtalk thread/website in case they ask?

OK that would be great and look more professional.  I'm not sure how to go about transferring it etc, but will message you when I come to it.

Right now they are asking me to let them know which 10 coins we would like to mine.  Any ideas here (obviously they don't have an automatic, switching algorithm), might make sense to choose some coins with different algorithms that are definitely POW only for the time being and as stable as possible, price wise.

I would think the following would be definite:

BTC for SHA256D
LTC for Scrypt
DRK for X11

any other suggestions?

Am not really sure.  I contacted support and they said that a domain name isn't essential and that just the IP address can be used.

No problem I'll have a look later to check if the payments have gone through from Coinpayments.net as BTC is sooo slow.  Anyway does anyone have any domain's free that they could donate for this - I think I might need one for it.  Not a major issue, I can just buy one but would rather not go through the hassle of somewhere like GoDaddy.  Will get back if I'm having problems.

Well with this they take care of all the hardware side of things/downtime etc.  It's just all the configuration I'm worried about because I've never setup a cloud server or server of any kind before - I'm a complete Unix dunce.

Right I've paid for this and made an order so we can try it out.  Would anyone be willing to actually run the pool as I don't have clue about the server side of things and how to set this stuff up - assuming it's not idiot friendly?

The other issue is I think they use Cryptsy to pay out - if Will7am could speak to them and explain we are setting up a multipool to pay out in BRITcoin they should add us as the volume will be taken care of.

(Only about 0.13 BTC so no great loss if it's rubbish).

Thing is they never listen but I'll give it a shot.  It probably won't get to the top in time anyway.

Check this out:

http://www.livechains.net/LivePool.html

Might be worth trying them - also Willi7m could try contacting them and negotiating to see if they would take payment in BRIT if the coin becomes successful.  I would be willing to contribute towards the cost if others will.  After all if they become the de-facto Brit Multipool they could make a lot of money in fees.  I have asked around and it seems nobody is likely to take up the multipool offer without either dollar/Bitcoin payment.  Most people charge around 4-5 bitcoins so this seems like a bargain.

It's a classic case of cognitive dissonance.  These armchair idiots buy in on the peaks then end up panic selling if the price doesn't go up.  Then when they realise how much money they've lost the only way they can make themselves feel better is to try to trash the coin and encourage others to do the same.  If they succeed then they can tell themselves that they were right to sell when they did.  They have to do this to save their ego.  It would be an utter disaster for them if the coin then went up - so they do their best to make it fail.