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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Catcoin - Scrypt meow!
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on: January 06, 2014, 05:26:18 PM
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Well I just asked middlecoin admin for this favor to hold off mining catcoin for the next couple of days while we rebuild support and hashrate. I'll report back with the decision!
Middlecoin has recently been switching coins a lot faster than instant profitability would dictate. I have some miners there and did see diffs indicating CAT for a few minutes this morning, but it seems to bouncing between LTC, WDC, and FTC. Based on the coin switch speed either the switching algo has a bug or the pool operator is intentionally trying to spread that 10 GH/s around to avoid breaking smaller coins (using coin switching as a kind of pulse-width modulator).
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Catcoin - Scrypt meow!
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on: January 06, 2014, 05:12:47 PM
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Well one of the big multipools agreed to leave CATcoin alone maybe we can ask the others? Like middlecoin and hashcows to leave us be for 3 days or something? Maybe they can find it in their hearts!  Hashcows agreed to leave CAT alone for a few days, I don't think Middlecoin has even been contacted yet though. Besides I doubt Middlecoin would leave us alone. This is the fundamental problem that the fork didn't fix: until there is enough constant hash to make the effect minimal, multipools are going to cause huge difficulty swings by jumping in when the difficulty is low, mining out all the blocks, pushing the diff up, and jumping out. We only have to mine 36 blocks now to get through the high diff, but we don't get many of the easy ones for all that work. Until the net hashrate is too big for a multipool to significantly effect (which means 20+ GH/s), the difficulty NEEDS to depend on more than just the last 36 blocks. The 36 block retarget is great, but the new difficulty should be calculated from the last 2016 block times so that fast 4x diff swings dont happen.
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163
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Catcoin - Scrypt meow!
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on: January 06, 2014, 03:43:02 PM
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Nethash is correct in the client and on the pools. The webpage still seems to disagree with everything else. I'm showing almost 300 Mhash on the network, up from 150 3 days ago. We still need a lot more hash. I'm making $75/day right now with just 3 Mhash. Not too shabby, I doubt any coin but lotto is that profitable currently.
wut ? $75/day from cat with 3MH ? WUT ? The diff briefly dropped to 24, maybe he got luck on those blocks.
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Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
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on: January 05, 2014, 04:25:19 PM
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Wow look at the tantrum. Why would someone keep mining on a pool where they thought they were being ripped off?? If I wasn't reliably making more than ltc mining, converted for me, with daily deposits, I'd be gone. Until those daily payouts don't show up, or there is a significant divergence from the outputs of my single coin pool rigs, I don't see it as a scam. If it was a scam, it is big enough now to pump the total btc output for a few days and be happy for a very long time.
What makes you think that because he is posting on this forum, he is using the middlecoin pool?... He said it numerous times ? He says a lot of things.
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167
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Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
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on: January 05, 2014, 02:57:46 AM
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The top miner has 355mhs, they have more rejected mhs than I have total lol.
H2o, I'm not going to accuse you of anything, but I do know big miners that have said you take more than your fees state you take. If you don't mind, can you show some sort of proof of how much you are taking? Maybe your public address so we can see how much you are withdrawing for yourself (even though you could have more than one and we would never know). I would like to see more transparency in this pool. Idc what coin is being mined (as long as it's more profitable than mining LTC straight), but I would like to see the fees that are being taken.
Also as someone else stated before, what did you mean by a refund transaction?
Not to speak for h2o (I'd like to hear his thoughts on this) but this isn't quite that simple. There are a lot of steps to this process. We (as miners) send hashpower to the server. We have no way to collectively see how many shares are valid blocks on the coin being mined, and we dont even know the coin being mined (even if h2o compiled and published data per share and per it would be extremely simple to fake). Next, blocks go from the server wallets to exchanges. Again, this data could be published, but easily faked. We have no idea where h2o is trading coin (and I'm not sure I want to know), and what exchange rates are for the coins. Then, BTC are sent from exchanges (probably through middlecoin wallets) to users. The fee probably comes out here. I'm all for transparency, and it would be nice to know a bit more about the inner workings here. However PROVING that the shares sent in should result in a certain amount of BTC out would be extraordinarily difficult, and would certainly expose everything about the process (which would consequently destroy much of the advantage middlecoin has over competitive pools).
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Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
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on: January 05, 2014, 12:48:29 AM
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What are the benefits to the later versions of CGMIner?
Im using 3.1.0 for a while now, never saw a reason to update-
I am using 3.1.1 and have not had to recompile to fix the disconnect/drop issue. I don't know if there is any advantage with the newer versions, especially on middlecoin - can anyone comment on this? Also, the switch/disconnect frequency seem to had dropped way off, looks like the fix has rolled out.
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