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flound1129 (OP)
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August 17, 2013, 03:22:49 PM |
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I'm curious, when flound enables the autoconvert to BTC function, could it cause issues with the value of the coins? Currently, when we sell our coins individually, we don't all sell at the same time and we do so with small amounts. We can usually sell all our coins at the best buy order price. If the pool tries to sell a large volume of coins then wouldn't that cause the value of the coin to drop precipitously, and wouldn't there be a chance that there wouldn't be sufficient (decent) buy orders?
For example if I were to sell 3 NVC right now on Cryptsy, there's a buy order for 3 NVC at 0.04710001 (BTC) so I could sell all my coins at the best price. Now if the pool were trying to sell 100 NVC, would it put in a sell offer at 0.0471001? If so, the first 3 NVC would sell immediately but what of the remaining 97 NVC? The sell order could sit there for a long time before all the coins are sold, or if the value of the coin drops, then they could just never sell. If we look at the current buy orders, the break down is as follows (I grouped the buy orders rounded to simplify):
Price - NVC
0.04x - 25
0.03x - 4
0.01x - 11
0.000045 - 100
So right now we could sell 25 NVC at 0.04x, 4 NVC at 0.03x, 11 NVC at 0.01x and the balance (60) at 0.000045. That would net us 1.2327 BTC or 0.012327 BTC/NVC not good at all.
I'm no expert in coin trading so maybe my assumptions are totally wrong. Also, if the autoconvert sells the coins quickly in very small batches then this could be a non issue.
The sell order(s) would be placed when a block is scored. For NVC, we are getting approximately 10 NVC per block. Say 50% of users had the convert to bitcoin option enabled. So a sell order would be placed for 5 NVC. As we found more NVC blocks, we would continue placing sell orders at the current bid. This might drive the profitability down, but if it does we would just switch to another coin. |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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flound1129 (OP)
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August 17, 2013, 03:33:35 PM |
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What I'm wondering is, when it's implemented, will our current balances be auto exchanges even if the balance has been there for say a month or so?
Flound already answered this: I have no plans to trade current balances and if I do it will be at a higher fee.
I have no problem with this, just wait until the balance is over 1, enable the autoconvert for the coin and cash out your balance manually. You will then never have to deal with it again. I can't wait... Actually, I'm planning to reduce minimum withdrawal to 0 when the new withdrawal code is complete. There will, however, be a withdrawal fee if the withdrawal is below a certain amount. |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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flound1129 (OP)
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August 17, 2013, 03:36:32 PM |
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I'm getting a lot of disconnects from the EU server and not just when switching coins:
[2013-08-17 12:33:15] Accepted a06e736b Diff 124/64 GPU 1 pool 0
[2013-08-17 12:34:45] Stratum connection to pool 0 interrupted
[2013-08-17 12:34:45] Lost 58 shares due to stratum disconnect on pool 0
[2013-08-17 12:35:46] Pool 0 stratum+tcp://pool1.eu.multipool.us:7777 not respding!
[2013-08-17 12:35:46] Switching to pool 1 stratum+tcp://pool2.us.multipool.us:77
[2013-08-17 12:35:51] Stratum from pool 1 detected new block
[2013-08-17 12:36:01] Accepted 7110cbf3 Diff 197/192 GPU 0 pool 1
[2013-08-17 12:36:03] Stratum from pool 1 detected new block
[2013-08-17 12:36:09] Accepted 9e81868d Diff 1.57K/192 GPU 0 pool 1
I'll look at this as soon as I can, but it might not be until tonight. It would help if you could state what coin we're on when you're getting the disconnects so I can check the logfile for that pool. |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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paulm
Member
 Offline
Activity: 104
Merit: 10
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August 17, 2013, 03:59:55 PM |
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The sell order(s) would be placed when a block is scored. For NVC, we are getting approximately 10 NVC per block. Say 50% of users had the convert to bitcoin option enabled. So a sell order would be placed for 5 NVC.
As we found more NVC blocks, we would continue placing sell orders at the current bid. This might drive the profitability down, but if it does we would just switch to another coin.
That should work, I was worried that you would do it in batches. Thanks for the info. |
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pazor
Legendary
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Activity: 966
Merit: 1000
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August 17, 2013, 09:51:42 PM |
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is the website multipool.us down ?
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treuhand-Dienst gewünscht? - frag per PM an
BTC 174X17nR7vEQBQo4GXKRGMGaTmB49Gf1yT
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BigDaddyWooWoo
Member
Offline
Activity: 102
Merit: 10
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August 17, 2013, 10:09:38 PM |
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is the website multipool.us down ?
It appears to be although my rigs are still connected and I'm still receiving payouts. |
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CoinBuzz
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August 17, 2013, 11:07:17 PM |
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if i set my worker to multiport, and lock all coins except 2-3 of them, what will be happened when multipool switch to a coin that is locked in my profile? what coin my miner mine in that situation?
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flound1129 (OP)
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August 17, 2013, 11:23:13 PM |
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if i set my worker to multiport, and lock all coins except 2-3 of them, what will be happened when multipool switch to a coin that is locked in my profile? what coin my miner mine in that situation?
Lock just means the address is locked. It has nothing to do with what the multiport mines. |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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CoinBuzz
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August 18, 2013, 06:11:57 AM |
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if i set my worker to multiport, and lock all coins except 2-3 of them, what will be happened when multipool switch to a coin that is locked in my profile? what coin my miner mine in that situation?
Lock just means the address is locked. It has nothing to do with what the multiport mines. The address is locked for what? not paying out ? |
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flound1129 (OP)
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August 18, 2013, 06:14:04 AM |
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if i set my worker to multiport, and lock all coins except 2-3 of them, what will be happened when multipool switch to a coin that is locked in my profile? what coin my miner mine in that situation?
Lock just means the address is locked. It has nothing to do with what the multiport mines. The address is locked for what? not paying out ? It's locked in case someone gets a hold of your password or steals your session, so they won't be able to change it without knowing your PIN. |
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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tdslot
Newbie
Offline
Activity: 20
Merit: 0
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August 18, 2013, 08:16:18 AM |
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Hello,
Why I can not cash out NVC? It's returning nothing or suggesting to wait.
Maybe some problems?
TDS
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MrJay
Member
Offline
Activity: 115
Merit: 10
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August 18, 2013, 09:39:37 AM |
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I'll look at this as soon as I can, but it might not be until tonight. It would help if you could state what coin we're on when you're getting the disconnects so I can check the logfile for that pool.
Thanks. It has just happened again while we are mining FTC, can't remember what we were mining when I posted my previous message: [2013-08-18 10:32:58] Accepted 6a74b2ed Diff 64/64 GPU 0 pool 0 [2013-08-18 10:32:59] Accepted 2d77322f Diff 308/64 GPU 0 pool 0 [2013-08-18 10:33:04] Accepted 0747732b Diff 69/64 GPU 0 pool 0 [2013-08-18 10:33:11] Accepted 1a9f9d42 Diff 194/64 GPU 0 pool 0 [2013-08-18 10:34:20] Pool 0 stale share detected, discarding [2013-08-18 10:34:41] Stratum connection to pool 0 interrupted [2013-08-18 10:34:41] Lost 19 shares due to stratum disconnect on pool 0 [2013-08-18 10:34:41] Pool 0 stratum share submission failure [2013-08-18 10:35:09] Pool 0 stratum+tcp://pool1.eu.multipool.us:7777 not responding! [2013-08-18 10:35:09] Switching to pool 1 stratum+tcp://pool2.us.multipool.us:7777 [2013-08-18 10:36:09] Accepted af27637c Diff 402/192 GPU 1 pool 1 Times here are GMT. If you need any more info let me know. |
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zepadee
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August 18, 2013, 01:40:43 PM |
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Hello,
Why I can not cash out NVC? It's returning nothing or suggesting to wait.
Maybe some problems?
TDS
You have to have a minimum 1 NVC to withdrawal. What message are you getting ? If it states that a transaction is currently in progress just wait a few minutes. |
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tdslot
Newbie
Offline
Activity: 20
Merit: 0
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August 18, 2013, 02:25:00 PM |
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Yes I know, I already have more that 1 NVC and still can not cash out.
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joeperry
Sr. Member
Offline
Activity: 2114
Merit: 462
Bons.io Telegram Casino
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August 18, 2013, 04:01:39 PM |
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Hi im the user of the same login in your pool, after almost one day to find a block , we have foun one, about half hour ago, but doesnt seem to account in my uncomfirmed rewards , the coin is nvc, is the second time it happens to me,  |
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dadach
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August 18, 2013, 06:35:10 PM |
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whats going on last 30 minutes im not getting any movement on the dashboard...
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To DA Moon!!! donations accepted >.< 38nvHaNqF5nv4ifhUyq9CChnBmRs2DSv4r
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Jazkal
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August 18, 2013, 07:15:51 PM |
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whats going on last 30 minutes im not getting any movement on the dashboard...
Yep, everything stopped showing movement just under two hours ago. |
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flound1129 (OP)
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August 18, 2013, 07:33:03 PM |
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Drive filled up on one of the servers.. Stuff's catching up now...
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Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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randomalias
Newbie
Offline
Activity: 45
Merit: 0
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August 18, 2013, 08:01:50 PM |
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any ETA for auto-exchange to BTC?
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EnJoyThis
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August 18, 2013, 08:46:19 PM |
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Drive filled up on one of the servers.. Stuff's catching up now...
Last 2 days I'm seeing alot of invalid shares when switching over to WDC. It's not 1-2mins of invalid shares but more like 30+mins that's ALOT and can't afford losing 30mins everytime the pool switches to WDC. This will vaporise the advantage of a multi-pool. 10 Minute Hash Rate 1059 Kh/s Valid Round Shares Invalid Round Shares 1728 Your Efficiency 0% Est. Coins/Block 0 Est. Coins/Day 667.9481 Worker Uptime (last 24h) 05:55:12 (24.67%) |
1Ew9k5guAGb44Uz6rYfSVscgFBUcgDZp5C
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