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Author Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com  (Read 809784 times)
jamestown2035
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August 13, 2013, 11:24:28 PM
 #1021

Post a list of coins that the pool mines and a list of what was mined, and I'll try again.  Until then, I'll mine at multipool.in and wait for someone else to come along.

I don't think he is going to care if you are mining on his pool or not. 

You seem a little upset about this... how much profit did you lose?  You must have at least a 500MH/s rig to be this disgruntled.

QQ

I was actually trying the site out for a day to see it's benefits.  Also, offering some ways to make the site better.  I'm sure I'm not alone in the issues I see after mining for a day.  The thing is I and everyone else that thinks like me will find other options, which results in loss of profit for him, so I do think it matters.  Thanks for being concerned about me though I appreciate your thoughts. Smiley


A whole day...  LOL  ok..



You must mean that it takes you longer than a day to figure out what you don't like, or maybe after after someone tells you what you don't like?  LOL. 

There is this thing called variance, which forces people to wait, sometimes even long periods like multiple days, until they can know whether what they are experiencing is to be liked or not.

That maybe true if my complaints were relating to my profit for the day.  Reading and comprehension skills would tell you that's not the case here.  I offered my opinion and suggestions to make the site better,  sorry to offend anyone.

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Kuroth
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August 14, 2013, 12:34:39 AM
 #1022

No offense taken but I just find it funny that your gave it a whole day to make up you mind.. Why not 1 or 2 hrs..   LOL  You are very funny..


ampbuster
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August 14, 2013, 02:31:39 AM
 #1023

Reject rate is wayyyy too high...
2.6001 accepted, 1.2583 rejected.

How many rigs do you have? What is the hash rate for each rig? Do you have 7950 or 7970?

I'm using a few 7950s. That was from yesterday though. It seems to be ok today. I'm not the only one with high reject rates...
The guy at the top had like 70+ MH/s accepted and 20+MH/s rejected, plus I was getting disconnections frequently.

Perhaps the pool was mining a coin with high stale rates. It should take this into consideration when calculating profitability like what coinchoose.com does.

Crayeo multipools: http://pools.crayeo.com | Missing balance in Coinye pool? Send an email to ray@crayeo.com
http://scrypt.cc?ref=baas2 Dividend paying commodity!
h2odysee
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August 14, 2013, 03:28:19 AM
 #1024

Today's profit was 0.0271 BTC per MH/s per day

For reference, LTC profit alone would be 0.0291

http://middlecoin.com - profit-switching, auto-exchanging scrypt pool that pays out in BTC
clintar
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August 14, 2013, 03:42:23 AM
 #1025

Aw, what happened?
ocmoho
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August 14, 2013, 03:52:17 AM
 #1026

Today's profit was 0.0271 BTC per MH/s per day

For reference, LTC profit alone would be 0.0291
im back to ltc, this is like the xxxx'th day.
what is going on?
CoinBuzz
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August 14, 2013, 07:14:49 AM
 #1027

im back to ltc, this is like the xxxx'th day.
what is going on?

Fluctuation (Exchange rate fluctuation, difficulty fluctuation)

ranlo
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August 14, 2013, 07:19:08 AM
 #1028

Today's profit was 0.0271 BTC per MH/s per day

For reference, LTC profit alone would be 0.0291

Does your calculation include rejected MH/s as well? For example, on some of these coins I run a 30-35% reject or more (earlier there was one coin at almost 50%). So if I have 1 MH/s but it's really 700 KH/s A | 300 KH/s R, are you still calculating the entire thing as 1 MH/s or just the accepted?
h2odysee
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August 14, 2013, 08:59:17 AM
 #1029

Does your calculation include rejected MH/s as well? For example, on some of these coins I run a 30-35% reject or more (earlier there was one coin at almost 50%). So if I have 1 MH/s but it's really 700 KH/s A | 300 KH/s R, are you still calculating the entire thing as 1 MH/s or just the accepted?

Yeah, it includes the rejected as well.

http://middlecoin.com - profit-switching, auto-exchanging scrypt pool that pays out in BTC
TierNolan
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August 14, 2013, 10:33:06 AM
 #1030

Are TX fees taken into account, when deciding to switch?

1LxbG5cKXzTwZg9mjL3gaRE835uNQEteWF
h2odysee
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August 14, 2013, 10:37:38 AM
 #1031

Are TX fees taken into account, when deciding to switch?

No. I don't believe they are significant enough to factor in. Especially since as soon as the block with the high tx fees is solved, we'd have to switch back to whatever coin we were on before.

http://middlecoin.com - profit-switching, auto-exchanging scrypt pool that pays out in BTC
Damnsammit
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August 14, 2013, 01:39:52 PM
 #1032

h20, do you think that the hashrate being so large is what is causing the lack of profits?

Seems like if you can't divert hashrates that it would be more beneficial (to the miners) to have a smaller hashrate, or maybe divide it up into smaller pools that can go after different coins simultaneously.   I know as the pool op you want a large hashrate, but have you made any progress on possibly diverting miners to mine multiple coins concurrently?

For example, you said Franko was the most profitable, so have you been working on a system that would see that and divert like 100MH/s towards that, and some towards xxcoin, and yycoin, and maybe leave some on FTC, etc.

Just curious.

I've mined on this pool for 11 minutes and 2 seconds and I think I will be switching back to another pool.
(sarcasm)
captainfuture
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August 14, 2013, 01:44:47 PM
 #1033

as i know he is working on exactly that
hotwired007
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August 14, 2013, 02:30:15 PM
 #1034

just chucked one of my small <400 rigs on the pool to see what happens - this looks interesting Smiley

This account was hacked & possibly sold during the period of August 1st and October 24th 2017.
Anything done or said in this period wasnt me.
Many thanks to Cyrus for his help restoring access to my account.
TierNolan
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August 14, 2013, 02:54:23 PM
 #1035

Seems like if you can't divert hashrates that it would be more beneficial (to the miners) to have a smaller hashrate, or maybe divide it up into smaller pools that can go after different coins simultaneously.   I know as the pool op you want a large hashrate, but have you made any progress on possibly diverting miners to mine multiple coins concurrently?

He could have a rule that he will never add more than 25% to a particular coin.

Quote
For example, you said Franko was the most profitable, so have you been working on a system that would see that and divert like 100MH/s towards that, and some towards xxcoin, and yycoin, and maybe leave some on FTC, etc.

Right so rank the coins in order of profitability and total hashing power.

If the top one was litecoin, then he could commit the entire pool.  However, if it was a small coin, then he would only commit a small proportion.

In fact, mining 2-3 coins at the same time would mean he gets better info about stale shares etc.

1LxbG5cKXzTwZg9mjL3gaRE835uNQEteWF
kirk46
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August 14, 2013, 03:33:52 PM
 #1036

whats going on??

im hashing around 3400kh/s

and my stats are

1.0346    0.3169

all miners are active etc

so wheres my 2000kh/s?Huh

this seems well dodgy
sQueeZer
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August 14, 2013, 03:39:47 PM
 #1037

I also mined for ~4h on that Pool.

The basic idea looks strong - BUT:

Pool switches too often between different coins, there should be a minimum of ~30mins for each coin, otherwise
the workers dont hash - they just reconnect and get work restarts.

Additional:
The 500++ Diff is way too high when targeting a Coin with ~11k Diff.
Causes that most of the miners do work for nothing since they cannot generate a single 500+ Hash
in the time between the blocks are found.
The hash gets anyway wrong when a new block is found.

--> Vardiff depending on the network-diff is needed to make this Pool strong!

Just my 2 cents.
kirk46
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August 14, 2013, 05:18:47 PM
 #1038

whats going on??

im hashing around 3400kh/s

and my stats are

1.0346    0.3169

all miners are active etc

so wheres my 2000kh/s?Huh

this seems well dodgy

my bad i know what the issue was  Roll Eyes
h2odysee
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August 14, 2013, 06:36:58 PM
Last edit: August 14, 2013, 11:51:48 PM by h2odysee
 #1039

h20, do you think that the hashrate being so large is what is causing the lack of profits?

Seems like if you can't divert hashrates that it would be more beneficial (to the miners) to have a smaller hashrate, or maybe divide it up into smaller pools that can go after different coins simultaneously.   I know as the pool op you want a large hashrate, but have you made any progress on possibly diverting miners to mine multiple coins concurrently?

For example, you said Franko was the most profitable, so have you been working on a system that would see that and divert like 100MH/s towards that, and some towards xxcoin, and yycoin, and maybe leave some on FTC, etc.

Yeah, the hashrate being large is causing a small lack of profits. It would be nice to redirect a portion of the hashpower. I've made no progress on that task so far. It will be a while before I have that, if ever.


I've identified an issue, causing our mining of SPT to be counterproductive. When calculating profitability, I use the difficulty of the *last* block found, not the *next* one. This is an issue with all coins, but was exaggerated with SPT because it has such high diff variability.

I can solve that easily, if anyone can help me figure out how to convert from target to difficulty.

For example, with litecoin:
target: 0x0000000000000000000000000000000000000000000000000bf84c0000000000
difficulty: 851.44759513

I've read that:

difficulty = 0x0000ffff00000000000000000000000000000000000000000000000000000000 / target

But that math doesn't seem to work out. Anyone know?

Edit: I figured it out.

http://middlecoin.com - profit-switching, auto-exchanging scrypt pool that pays out in BTC
Damnsammit
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August 14, 2013, 06:50:12 PM
 #1040

Yeah, the hashrate being large is causing a small lack of profits. It would be nice to redirect a portion of the hashpower. I've made no progress on that task so far. It will be a while before I have that, if ever.


Couldn't you use different ports to essentially have multiple pools running?  Then do a check on each of them to make sure they aren't mining the same coin?

Just brainstorming.  I think your pool is great no matter how many people complain Smiley
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