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Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
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on: September 28, 2013, 07:57:31 PM
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h2O,
can you give us what you're working on currently? I mean, in terms of this pool, what is your most immediate plan? Next immediate plan, etc... I think we have a right to know what your planning on improving here.
I'm setting the pool up so that we can distribute our hash rate onto multiple coins. Then, we can mine a wider variety of coins. This also has the side effect of eliminating the gap when we switch coins. Also, I'm setting up load balancing onto multiple servers, to improve performance and increase reliability. Next will be setting up an EU server. This will be easy now, since I've done most of the work setting up multiple servers in the same datacenter. I don't know what will be after that. I'll see what's a priority then.
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Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
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on: September 24, 2013, 10:13:18 PM
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However, my dust still remains the same since last post few days ago : 0.00279188 0.00118272 0.00067502 Totals 0.00464962 Guess I have to start mining again. Then, another remarkable issue : I'm listed twice on the statspage ( Same BTC address twice that is ) The other listing still has a 0.00000140 unexchanged balance. Any thoughts ? One of your addresses has a 1 after it. Typo maybe, when setting up one of your miners? Mining here again won't clear out the small amount left on immature and unexchanged. The only thing that will do that is me fixing it, when I have time.
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Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
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on: September 23, 2013, 05:56:25 AM
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Don't such small transactions sometimes trigger fees?
Yeah. If you receive an amount less than 0.01, you can never send it anywhere without paying a fee of at least 0.0001. That's the reason I chose 0.01 as the threshold. You can, however, send a bunch of "outputs" all clumped together in one transaction, with only a 0.0001 fee. I.e. if a miner receives 0.005 BTC every day for 30 days, he can send all 0.015 somewhere with only a 0.0001 fee. Also, I'm paying extra fees when sending out so many transactions. You guys aren't charged for that though.
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Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
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on: September 22, 2013, 05:16:55 PM
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Wow! Very cool experiment.
How do your calculate earnings? And do you rotate miners into the two sub pools once in a while or what?
Earning are calculated per-coin. So the people stuck on the lower profitable coin are disadvantaged. But it evens out over time. I don't rotate the miners. It would be inefficient to have them switch. The experiment is over for now. I'll be working on getting it a permanent part of the pool, and not just a one time thing.
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