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

[paulm]

@flound
do you plan to active CAP in the next time ?

EDIT
my question is not relevant.
CAP is disabled at cryptsy

They appear to have gotten most of the issues sorted out with the new client which is pending release (1.5.0).  Once that is released and the network appears stable, I will activate CAP on the mutliport.  But not until it's back on Cryptsy.

Anyone know when the new CAP client will be out? If someone could point me to a thread on its development that would be greatly appreciated.

[STT]

Site says we mining at 1100% profit   :O       The coin has only total market depth of $50k so tricky terrority it would seem - http://coinmarketcap.com/

[CoinBuzz]

Is there any help for using this pool's API ?

[flound1129]

@flound
do you plan to active CAP in the next time ?

EDIT
my question is not relevant.
CAP is disabled at cryptsy

They appear to have gotten most of the issues sorted out with the new client which is pending release (1.5.0).  Once that is released and the network appears stable, I will activate CAP on the mutliport.  But not until it's back on Cryptsy.

Anyone know when the new CAP client will be out? If someone could point me to a thread on its development that would be greatly appreciated.

The dev thinks he fixed all the issues but he's not sure, he said he'd wait 48 hours and then release the client.

It's a hard fork, so he doesn't want to release it and then have problems happen again.

[flound1129]

Is there any help for using this pool's API ?

What are you trying to do?

[QueenB]

If there was actually a simple step-by-step guide on how to do this, it would probably save a lot of time with the same questions reoccurring.

If I look at the Account Balances screen on Cryptsy, it has the following message: "A new feature has been added to deposits. You may now initiate automatic sells on deposited funds at the moment of deposit. Click deposit next to your coin of choice for more information."
But clicking deposit doesn't offer any choice like that. Does it only show up once there is coin in that account?

+1 Thanks...

[purelithium]

Step 1: Create Multipool account.

Step 2: Create cryptsy account.

Step 3: Go into the "account balances" section of cryptsy. Click deposit for the first coin (Alphabetically that would be ARG, but you may find it easier to go in order of multipool's account page) then click "generate new deposit address" Copy this address.

Step 4: open a new page with the multipool "Account" page in it. Scroll down and paste the address you just copied from cryptsy into the corresponding text box on the multipool coin address page. Hit save beside this address.

Step 5: Repeat step 3 & 4 for each coin in the multipool.

step 6: next to the coin addresses on the multipool account page is an "auto threshold" box. This is to tell multipool when to automatically send each coin balance to your address in the other field. You need to set this to something greater than 1 for it to automatically send the balance to your cryptsy account. I have mine all set to 1. Once the "confirmed" balance is greater than 1, multipool will automatically process my withdrawal and send it to my cryptsy account.

Step 7: go back to cryptsy and click on deposit again for each coin you want to auto trade. There will be a new setting saying "Auto-Sell Active: NO" there is a checkbox below that you can select if you want Cryptsy to automatically sell any incoming deposit at the current trade price. Remember you need to select this for each coin.

Step 8: Point your miner to the multipool "multiport" stratum+tcp://pool1.us.multipool.us:7777 using your worker name and password.

You will now automatically see your coins convert from Multipool to Cryptsy to cryptsy Bitcoin balance. You'll just have to occasionally withdraw your BTC balance from Cryptsy to your wallet on your computer.

 

[MrJay]

Using the auto sell at cryptsy is driving the price of coins lower, I did advise people to look at this option but now I think it is a bad idea.

I don't think Middlecoin sells at the highest bid price, I think the pool OP sells coins at a percentage above that, which is at least going to raise the price and not bottom out coins.  I know the BTC price has been rising and so the price of alts has dropped, but surely miners should have some say in the price they are selling their goods at and not just sell it to the highest bidder no matter the price.  If everyone keeps dumping their coins this way, there aren't going to be many profitable coins left to dig for surely.

[murraypaul]

Step 4: open a new page with the multipool "Account" page in it. Scroll down and paste the address you just copied from cryptsy into the corresponding text box on the multipool coin address page.

Step 5: Repeat step 3 & 4 for each coin in the multipool.

Very useful. The only thing I'd make clearer is that you need to hit Save each time you add an address to multipool, you can't add all the addresses and then save.

[STT]

there aren't going to be many profitable coins left to dig for surely.

People who make a road cant be the reason for it to exist.   Coins that duplicate each other are going converge most likely.

This is like the house price 'problem'  If the price gets cheaper is it bad or not, for people who use houses it ultimately is a good thing to have a useful product available cheaper.   Its tough luck if banks wanted it higher, they are not the users. 
So I see the coins as either a useful product or not, if it does get cheaper for some reason then in a healthy market this is a good thing at least for some people who wanted to use it not profit from speculating or anything else, actual users matter most.
  Capitalism is based off mutual benefit, its politics which tries to continually inflate prices and introduce bias to one partys advantage.  So you have cryptsy enabling sales more easily, really that utility should be positive because theres always two sides to any sale - if there isnt that coin is DOA

[Hippie Tech]

Site says we mining at 1100% profit   :O       The coin has only total market depth of $50k so tricky terrority it would seem - http://coinmarketcap.com/

How easy would it be for someone to purposely bloat those numbers ?

How many insider trader trading bots would it take ?

Does anyone have proof that the miners are seeing these pipe dream profits ?

edit

Pretty neat how my ignores just jumped.

Truth hurts ?! EAT IT AND DIEEE YA COIN HOPPER PARASITES.

[purelithium]

Step 4: open a new page with the multipool "Account" page in it. Scroll down and paste the address you just copied from cryptsy into the corresponding text box on the multipool coin address page.

Step 5: Repeat step 3 & 4 for each coin in the multipool.

Very useful. The only thing I'd make clearer is that you need to hit Save each time you add an address to multipool, you can't add all the addresses and then save.

Thanks, added it!

[disclaimer201]

I am certain it's for the best if by mining here, many useless coins die. If anyone thinks they can start a new coin, fine. Naturally, it will have to stand the test of surviving in the real-world.
If there's a profit to be made, this is what will happen. Not only is it unavoidable, it's a good thing if you think about it.

[guitarplinker]

Is the pool down for anyone else? I can't access it right now.

[theBee2112]

Not sure if it's just me, but has the pools site been up and down a lot lately? The mining is still working, which is what counts, but I've been having a hard time even accessing the site.

EDIT: Okay I guess the pool is down, guitarplinker beat me to it

Oh and I don't see why everybody seems to be dumping mined coins right away, why not collect them? I'm in no hurry to sell, so just sell high when you can.

[STT]

Truth hurts ?! EAT IT AND DIEEE YA COIN HOPPER PARASITES.

I know we'll have come full circle when people want a FDIC bailout.  Who will be the first to try and sue, I didnt know it was experimental, I need government protection to step in, its like the wild west.  Didnt they try to shut down egold like this, yep : http://en.wikipedia.org/wiki/E-gold#Gold_Seizure

I own plenty different coins, the problem is most miners have to pay bills like electric.  When the coins can be used to pay for that, it will be ideal otherwise trading is a normal circle of events.
   Anyone who buys games online should use their altcoins, I know there are various uses

[flound1129]

Using the auto sell at cryptsy is driving the price of coins lower, I did advise people to look at this option but now I think it is a bad idea.

I don't think Middlecoin sells at the highest bid price, I think the pool OP sells coins at a percentage above that, which is at least going to raise the price and not bottom out coins.  I know the BTC price has been rising and so the price of alts has dropped, but surely miners should have some say in the price they are selling their goods at and not just sell it to the highest bidder no matter the price.  If everyone keeps dumping their coins this way, there aren't going to be many profitable coins left to dig for surely.

I'm pretty sure Middlecoin does sell at the highest bid price.  h2o isn't in the speculation business. He needs to sell the coins to payout his users and he can't really risk the price dropping lower.

And yes, the site was down, I think I found the last of the connection leaks so hopefully we should be good now.  I did limit the number of connections the web server can use so that it can't impact the mining or the block calculations/payouts (i.e. the important stuff)

[Torn]

trolls deserve no answers.

Don't like burgers? Don't eat them. Don't bother those that do or you might regret it.
Don't like free choice of miners deciding for themselves how they choose to spend their efforts? Say your piece but realize you are pissing in the wind and will eventually just be ignored into oblivion.
Don't like what "we" do regardless of the truth about most alts as has been stated many times? Too bad. Cry in some spilled milk if you must.

Jesus loves you!
I may not.

[TheQuin]

How easy would it be for someone to purposely bloat those numbers ?

Very difficult, buy up the coin on all exchanges to bloat the price and then get stuck with them when the price comes back down, for what purpose?

How many insider trader trading bots would it take ?

How exactly does a bot have "insider" knowledge and if the operator had the insider knowledge why would they need a bot?

Does anyone have proof that the miners are seeing these pipe dream profits ?

It's not a profit, it's income compared to mining BTC with the same hardware. Profit needs to take costs into account. It's just mathematics, do some sums with difficulty and price and that gives the income ratio. Do you really need proof of that simple concept?

edit

Pretty neat how my ignores just jumped.

Truth hurts ?! EAT IT AND DIEEE YA COIN HOPPER PARASITES.

Pretty interesting that you are pleased to be ignored rather than realise that it is because you talk nonsense. The miners are the workers choosing the best rate of pay by switching coins. The parasites are the creators of copy coins and the hoarders "early adopters" speculating on a massive return. It really is laughable to here them cry when someone else mines "their" coin and the difficulty goes up.

[MrJay]

I'm pretty sure Middlecoin does sell at the highest bid price.  h2o isn't in the speculation business. He needs to sell the coins to payout his users and he can't really risk the price dropping lower.

When I mined there for a couple of weeks and moved to this pool, I still had balances in the immature unexchanged and unexchanged balance columns for a week or two after.  I understand that the immature unexchanged is still waiting for confirms but the unexchanged balance is not.  I'm not sure if this is his bot's trading technique, if the price just dropped so much and he halted trading on it for a period of time or if those coins just got stuck in virtual limbo.  Interesting though.

People who make a road cant be the reason for it to exist.   Coins that duplicate each other are going converge most likely.

This is like the house price 'problem'  If the price gets cheaper is it bad or not, for people who use houses it ultimately is a good thing to have a useful product available cheaper.   Its tough luck if banks wanted it higher, they are not the users. 
So I see the coins as either a useful product or not, if it does get cheaper for some reason then in a healthy market this is a good thing at least for some people who wanted to use it not profit from speculating or anything else, actual users matter most.
  Capitalism is based off mutual benefit, its politics which tries to continually inflate prices and introduce bias to one partys advantage.  So you have cryptsy enabling sales more easily, really that utility should be positive because theres always two sides to any sale - if there isnt that coin is DOA

Fair points, but when you have a difference of more than 10-20% between asks and bids, I don't just want to dive straight in at the cheaper price point and sell everything at that.  Negotiation is a good thing and allows buyers and sellers to come to an agreed fee.