[ANN][The Original Multipool - Scrypt/SHA256/Scrypt-N/X11] multipool.us

[zepadee]

Anyone else having problems with Bottlecaps QT 1.4 wallet not updating ? I get "active connections" but it simply never updates. Been like this for a week or 2.

OK nevermind, figured it out using this link: https://bitcointalk.org/index.php?topic=264210.0

[ozoner]

Thank you for single hand-idly destroying alt currency.  I have lost sooo much value on my portfolio because people use your pools to mine up a bunch of alt coins then they dump them onto the exchanges and cause speculations to always dwindle downward. 

Yeah!! because multipool makes people sell coins for stupid amounts!!  And it also does magic wizardry that could otherwise not be done, like changing coins when it's more profitable!!

Oh. Wait....

[zepadee]

Thank you for single hand-idly destroying alt currency.  I have lost sooo much value on my portfolio because people use your pools to mine up a bunch of alt coins then they dump them onto the exchanges and cause speculations to always dwindle downward. 

Yeah!! because multipool makes people sell coins for stupid amounts!!  And it also does magic wizardry that could otherwise not be done, like changing coins when it's more profitable!!

Oh. Wait....

+1

[flound1129]

Everyone take note of this as a good example of how not to ask for help.

Your hashrate shown on the site currently is 9292 KH/sec.  It's a 10 minute average so looking at it right after we switch coins will not be very accurate.  There is also a 1 minute average available on the "My Stats" page.

As far as your payouts, I looked at your payout for the last LTC block and it was 0.466583 LTC for 339776 shares.  I submitted 48256 shares and received a payout of 0.0669348 LTC, and my hashrate today is around 1350 Kh, because I've been testing PPC on one of my 7970's.  (Normally it's about 2Mh).

339776/48256 is 7.04, * 1350 = 9504. So it seems that your payout (for that block at least), was reasonably close to what it should have been for your reported hashrate.

All of the payout details for every block we mine are available on the site, if you feel there's a problem with a particular block, please let me know and I will investigate.

Yeah, on *some* coins I get the correct hashrate. On others I get 2000 or 4000 or something as low as that - it's ridiculous. The fact of the matter is, i'm now 16 hours in, and have mined the equivalent of 5.8 LTC - which should have been 8, so there has consistently been scammed 1.1LTC away again.

Also the LTC profitability stated on the site now is just plain wrong :/ It's not 1.6 ish, it's 2.4 or something.

Anyway I'll give it to the 24h mark. My prediction is a consistent 1 LTC less than expected for each 8 hours, as compared to just plainly mining LTC at a reliable pool. If anything, the multipool-best-profitability should gain me more, but I think it's just a ruse or something to lure people in.

I'm sorry you had a bad experience, best of luck on other pools!

[flound1129]

Thank you for single hand-idly destroying alt currency.  I have lost sooo much value on my portfolio because people use your pools to mine up a bunch of alt coins then they dump them onto the exchanges and cause speculations to always dwindle downward. 

Maybe you should be asking yourself why the coins you hold should be worth anything to begin with.

[redtwitz]

Boxman190 raised one valid point: the reported LTC profitability seems too low. Right now, it's 1.71 on Multipool, while CoinChoose reports 2.29.

Is this difference due to the reported pool efficiency of 28.61%? And since we're on that topic, what exactly is pool efficiency?

[flound1129]

Boxman190 raised one valid point: the reported LTC profitability seems too low. Right now, it's 1.71 on Multipool, while CoinChoose reports 2.29.

Is this difference due to the reported pool efficiency of 28.61%? And since we're on that topic, what exactly is pool efficiency?

Pool efficiency is the ratio of accepted/total shares.

I can see why it's low right now, and yes, this is impacting reported LTC proftiability.

[skyhigh2004]

Thank you for single hand-idly destroying alt currency.  I have lost sooo much value on my portfolio because people use your pools to mine up a bunch of alt coins then they dump them onto the exchanges and cause speculations to always dwindle downward. 

Maybe you shouldn't have been holding coins which will be dead within a few years anyway.  Thank god there is a way to kill these coins off naturally.  I love watching them burn 

[SpaceCadet]

Thank you for single hand-idly destroying alt currency.  I have lost sooo much value on my portfolio because people use your pools to mine up a bunch of alt coins then they dump them onto the exchanges and cause speculations to always dwindle downward.  

Maybe you should be asking yourself why the coins you hold should be worth anything to begin with.

+1

If a coin cannot handle surges of activity (of any kind - mining, buying or selling), then there is something fundamentally wrong with it or it's ecosystem.

Having said that, it may be that the nature of cryptocurrencies in general that that they are fragile until a certain level of maturity or market saturation has been reached.  If so, then maybe they should be left off large pools until they are more stable.  Maybe we need a rating system like they have in the bond markets so investors can gauge the level of risk associated with a given coin.

Then again, stressing them might be a good way of separating the 'wheat from the chaff'...

[sal002]

Thank you for single hand-idly destroying alt currency.  I have lost sooo much value on my portfolio because people use your pools to mine up a bunch of alt coins then they dump them onto the exchanges and cause speculations to always dwindle downward. 

Maybe you shouldn't have been holding coins which will be dead within a few years anyway.  Thank god there is a way to kill these coins off naturally.  I love watching them burn 

In addition - wouldn't smart speculators take in enough data to understand the impact a coin that ranks to the top of the profitability charts may have on price movement and plan accordingly?  Seems like this 'speculator' is identifying a trend and is mad they can't capitalize on it.

[STT]

Thats an interesting complaint because its what happens in a normal market.  People who profit are seen as negative and destructive.
   The basis for plain capitalism is open competition and sometimes people lose money but the idea is society benefits overall even from the failure.
  Look up Adam smith and luddism, its why the Fed is doing the opposite, avoiding pain, losses, flooding markets with money and then in turn we are here with virtual coins, are we to copy the Fed creating free money ?   Im slightly clueless why are these coins even worth anything, it has to be we are not money printers but worth more somehow


Im newly testing out your LTC port trying to figure out how my cgminer's reported 1000+ shares comes out the sausage machine as an actual coin at some point.     I used to mine on Slush pool and so long as its not going to return zero if I have to log off, I'll figure it out.  I guess as the pool bulk is elsewhere the ltc coin is taking forever to mine, hence I'll get paid eventually even if I have to stop cg now

You can view the time cutoff for each coin on the Pool Stats pages.

That would be the 4 hour round time for 1 'shift' a bit like the guild layout?

[Behemot]

How do them bloody shares work?? A always get some 60000 shares in a few hours and than they start disappearing almost as fast as new are submited while everybody else gets hunreds of thousands shares. 

[flound1129]

How do them bloody shares work?? A always get some 60000 shares in a few hours and than they start disappearing almost as fast as new are submited while everybody else gets hunreds of thousands shares. 

The round time for LTC is 4 hours which means your shares disappear 4 hours after you submit them.

[Behemot]

Interesting   Makes me wonder why there is fixed round time and it just does not take all the shares up to the time when block is found (what is usually called round).

[flound1129]

Thats an interesting complaint because its what happens in a normal market.  People who profit are seen as negative and destructive.
   The basis for plain capitalism is open competition and sometimes people lose money but the idea is society benefits overall even from the failure.
  Look up Adam smith and luddism, its why the Fed is doing the opposite, avoiding pain, losses, flooding markets with money and then in turn we are here with virtual coins, are we to copy the Fed creating free money ?   Im slightly clueless why are these coins even worth anything, it has to be we are not money printers but worth more somehow


Im newly testing out your LTC port trying to figure out how my cgminer's reported 1000+ shares comes out the sausage machine as an actual coin at some point.     I used to mine on Slush pool and so long as its not going to return zero if I have to log off, I'll figure it out.  I guess as the pool bulk is elsewhere the ltc coin is taking forever to mine, hence I'll get paid eventually even if I have to stop cg now

You can view the time cutoff for each coin on the Pool Stats pages.

That would be the 4 hour round time for 1 'shift' a bit like the guild layout?

Yes, that's correct.  The round time is like a shift.

The reason we use time-based PPLNS is because the multiport miners can switch to any coin at any time and we want to make sure the payment is fair between both sets of miners (multiport and dedicated).

If we use share-based PPLNS what happens is the multiport miners push the dedicated miners' shares out of the round rather quickly.  Then, when the multiport miners leave the hashrate drops considerably and the multiport miners continue to have their shares paid for any found blocks while the multiport is mining something else.

I used 4 hours for LTC because at the time we had about 80-100 dedicated MH on LTC and about 400 MH on the multiport.  Now, we have about 750 MH on the multiport and 30-40 MH on LTC.  So perhaps it's appropriate to change the round time to something even lower at this point.

[flound1129]

Interesting   Makes me wonder why there is fixed round time and it just does not take all the shares up to the time when block is found (what is usually called round).

see above ^^

[Behemot]

Yeah just read it

[flound1129]

CGB added on 3336.  Cosmos will be tomorrow.

[rqdxrocket]

CGB added on 3336.  Cosmos will be tomorrow.

Thank you, just made my mining life easier! 

[zepadee]

CGB added on 3336.  Cosmos will be tomorrow.

Awesome. Now if we could get BBQ Coin on there we'd have the gammit covered.