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I don't know about you, but I'm not concerned about Scrypt ASIC's rendering my GPU's obsolete for mining. I'm sure there will be something new to mine anyway.
And what's with the spiteful reply? lol, bunch of kids on here full of hate... seriously.
...and I have a house....
That would be because you have 11 rigs. Sure you have a shit ton of hash cool. but once scypt acis come out. normal people will become obsolete. Like mining bitcoins is now. like it has been said a million times before. Some people don't have a house payment to put out on mining rigs. I'm not trying to offend you, but if you can't deal with the competitive nature of this business, then it's not for you. Also, like I said, I wouldn't worry about GPU's becoming obsolete. Quark for example, with the right software, can be mined with a GPU. I'm sure there will be many others. I could be wrong, but in my opinion there is currently too much vested interest here to just let this all die away. The competitive nature? You start your 11 rigs and go do whatever you do. Then have H20 do the work for you. Oh hey, bitcoin in my wallet. Competitive nature. ha. How is it not competitive? Do you know what competitive means? lol, whoever has more hash power, earns more coins. It's that simple. If there was no competition, nobody would need ASICs or GPU's. Satoshi would be happily mining away with a few CPU's. In competition you know your opponent. Who are you battling? For what? No end prize. Mine until you don't want to. Who says how much or little you have to mine? Sorry but mining is not competitive in the sense I am talking. You don't make any sense kid.. Actually you don't make any sense. Mining isn't "competitive." Not in any way shape or form. This is so, because no matter how high your hash-rate, it does not affect my own earnings. The only possible way mining could be "competitive," is if you felt some need to earn more than the next guy, and he chose to "compete" with you. As long as I am happy with my hash-rate, your hash-rate is irrelevant. Actually, as more people do it and increase hashrates collectively, your payout is directly effected as difficulty rises. competitive might be the wrong word he chose to use, but if you don't continue to expand, eventually it becomes less profitable. |
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Could someone explain me how ASICS Scrypt miners will effect middlecoin? I don't understand why should make a difference. I am planning to invest so I need some info. There are already miners with GH/s but my payout is not affected from the miners on middlecoin, only by the value of the coin itself right?
Is the equation like more GH/s = increase coin difficulty = less payout for everyone?
Lets say on average we are making $10 for 1MH/s at the moment. Lets say in 6 months there will be 10 times the network hasrate. $1 for 1MH/S?
more hash on middlecoin means that we are sacrificing the ability to exchange the smaller coins, and possibly earn higher profits. Unless h20 comes up with a software solution to load balance the exchanges so we don't crash the smaller coins. |
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if you don't see that you still get a significantly higher hash rate with GPU for the price of the ASIC Scrypt I don't know what to say.
Power usage savings of even 1k watts, is minimal considering the much higher hash output.
Do the math please, then really let it sink in.
I appreciate your condescension. Let me reciprocate it. The cost of the 3MH/s model is 11190 Chinese Yuan, or $1849.19 according to the supplier’s website. That is currently $0.61/kH Let’s just say you can get 280X’s left and right for $300 because you are a fucking wicked smooth barterer. You also get 800kH/s on each card because you are a configuration specialist. So just for the cards, you are paying $0.375/kH. Let’s not even factor in electricity or other components you need for your rig as we all have closets full of spare computer parts to build endless rigs. You are getting a 40% discount on hashing power with GPUs compared to an ASIC. Thankfully, you don’t have to worry about ASICs becoming more powerful and more affordable. That never happened with Bitcoin right? That’s why after ASICs came out last year, they were continually outperformed by GPUs. Oh what’s that? That shit didn’t happen? No fucking shit dumbass. If there is a chip that is producing 300kH/s right now, then there will be a Scrypt ASIC chip this year that will make GPU mining ineffective for Scrypt just as last year it became ineffective for SHA256. You can have this lesson for free. Next time you think your math is great, you should think a little more progressively and stop being short-sighted. LoL So basically, in your opinion, ASICS will continue to grow at an exponentially powerful rate until they destroy GPUs this year....and everyone who disagrees with your 'yet to be invented' phantom ASIC chip is being short-sighted. Honest question, do you actually know the difference between SHA256, and Scrypt? Do you actually know WHY it's difficult to make a scrypt ASIC chip? Maybe you should do more homework before spouting off about chips that will crush GPU mining, in the future. |
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wow a whole 6 MHs for about $5400! What a steal! You're right, GPU Mining is so dead!
lol
If you don't see the significance of a working Scrypt ASIC then I don't know what else to say. GPU mining is not dead, but if that ASIC is real, then it is on it's way out. if you don't see that you still get a significantly higher hash rate with GPU for the price of the ASIC Scrypt I don't know what to say. Power usage savings of even 1k watts, is minimal considering the much higher hash output. Do the math please, then really let it sink in. |
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wow a whole 6 MHs for about $5400! What a steal! You're right, GPU Mining is so dead! lol |
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Could anybody kindly tell me how coinGeeks graph is calculated ? Is it based upon shares ? Because I had a power cut and since then I've been struggling with configs and different miners trying to get my reported hash rates back to where they was , And they are nothing like it, I cant see any difference in temps , I've got the air con running as usual, Could it be the pool ?  my has has dropped recently too, but my temps are stable, and i should be at 4.5mhash or so, im reporting 3.7 right now. 3 hour looks ok though. http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/12nDW2yYFeiLMyZB2kqNY82wEU4D5cMRxf.html |
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ok so can someone please tell me what the min has to be before you get a pay out. cause I haven't gotten anything at all
I have a block chain address 1MU4EAB6p5xcRPhZ8gFKZSq9znchJpt2iE
sorry cant post screen shot as there is no option for me to do so on these forums (sorry don't have the option in my post message section)
has anyone else had this problem
Your current balance held by pool: 0.00018090 BTC per Middlecoin.com There is no registration. Simply connect your scrypt miner to middlecoin.com:3333 with your bitcoin address as your username, and any password. Payouts are automatic, and occur once a day, if your balance is greater than 0.01 BTC or if you haven't been paid out in 7 days and your balance is greater than 0.001 BTC. |
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Please PM if you want H2O's (Eric Maxey) address (Grass Valley, california), where he went to college, his facebook account, his dating website profile link, phone #, and more details.
Tired of this man taking $5,000 per day and not being able to run a server. He claims it is his FULL TIME JOB and he has 2 EMPLOYEES.
LIES.
Every time the stats flat line is a bad payout day because that is when he is STEALING FROM YOU.
Look at his bitcointalk profile. He logs in here EVERY DAY but NEVER POSTS. And no more twitter either
Eric Maxey (H2O) picture: ** REMOVED PICTURE **
[ Good job with investigation tealover!  As long as he manages to run a server and answer questions on this forum I have no problem with him taking 3.5% but this is not the case... I'm actually glad people stay on this pool wasting their hashpower into a big black hole. This helps increase profits for other more "secret" pools with proffesional users. Someone ban this dipshit scammer. Nobody is going to give you any $ for your BS nigerian mining pool secret. GFY. |
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Maiden forever!
Oh look, it's tealover back to whine some more when everyone else is happy. Now it's bordering on stalking, I can't figure it out. Are you really still mining your two cards on this pool tea? With all your shit talking ?
As far was what he says, it's valid in the sense that when we do flatline, it IS followed by a shit payout. This does not get corrected over the next days either. Weather he is "stealing" or not is not, and cannot be proven. Regardless, he needs to fix the issues...and when it effects payouts, they ARE issues. |
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i have abut 20% more unexchanged, so not worried- |
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Why might 1 of my cards be rejecting more than the others? No HW errors, no GF or RF.  You are running a much higher intensity on that card, causing higher temps. probably too high. |
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wow...HORRIBLE payout tonight
a good amount in unexchanged though at least
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wow stats down all day. jeez
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Last time this happened, payout was very low, and I assume because he's not trading during this time.
Hope I'm wrong. Just going by what happened 4 days ago.
Unfortunately I think you're right. |
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the bigger mc gets, the more of a target the site is. I think it's about time h2o really invests some $ in security against DDoS
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Twitter feed:
Middlecoin @middlecoinpool
The pool should be running smoothly now, but the database has a lot of catching up to do. Could be hours before another stats update.
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60kh/s chips per $65 or $82 with the dev board? lmao Sorry, literally zero threat to Scrypt. |
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Can anyone explain to me why I put about 4.2-4.5Mh/s, but middlecoin is only showing 3.5-3.6Mh/s? It's been running for a couple hours now :\
middle coin shows statistics for *ACCEPTED* hash power. Not total. |
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