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Author Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com  (Read 809784 times)
Kuroth
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August 14, 2013, 07:03:02 PM
 #1041

I had a question that is probably hard to answer…   Having found Middlecoin and so far pretty happy with it, I am now thinking about investing in a second more powerful GPU miner to go along with my current miner..   I am at 1.3 now and this one I am looking at would put me at about 4.8 total.

My question is in the long term, will this kind of pool stay pretty consistent in its daily payouts despite difficulty increases both with Bitcoin and other Alt Coins?  It seems like every time I turn around, there is some new Alt Coin coming on the scene and they come and go.  But if H20 keeps the pool’s selections of coins fresh and always current (adding new Alt coins as they come on the scene and qualify as potentially profitable) I would think we should in theory, be able to sustain this for the long term(the next year or two)..    I have for the past 2 or 3 months been thinking about chasing the ASIC Dragon but the more I look at it, for the Long term putting 4 or 5GH’s at MiddleCoin I think would end up being the better deal as far as ROI and profits are concerned..  

Decisions Decisions..  But would appreciate any of you guys input you have on my question.  


Also I am assuming H20 and MiddleCoin is here to stay for a while..   I hope..  


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Damnsammit
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August 14, 2013, 07:07:49 PM
 #1042

As long as BTC value remains constant and people are still playing the alt-coin game, then I don't see how profits could change too drastically.

Since the arrival of ASICs, it will forever be more valuable to mine Scrypt over SHA256 with a GPU, and this pool in it's Utopian form, is the most profitable way to mine scrypt coins.

That being said, maybe another algorithm like Primecoin will come along and a GPU miner will be developed and then Scrypt is no longer the most profitable to mine with a GPU.  At that point, though, h20 will likely create a new pool for the new algorithm.  The 3% he is getting from this pool is very nice supplemental income. Smiley



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August 14, 2013, 07:14:28 PM
 #1043

As long as BTC value remains constant and people are still playing the alt-coin game, then I don't see how profits could change too drastically.

Since the arrival of ASICs, it will forever be more valuable to mine Scrypt over SHA256 with a GPU, and this pool in it's Utopian form, is the most profitable way to mine scrypt coins.

That being said, maybe another algorithm like Primecoin will come along and a GPU miner will be developed and then Scrypt is no longer the most profitable to mine with a GPU.  At that point, though, h20 will likely create a new pool for the new algorithm.  The 3% he is getting from this pool is very nice supplemental income. Smiley





Thanks Damnsammit.. You were one of the people I was hoping would reply to my Question.  And agree with everything you said..

I am REALLY leaning towards getting a second GPU miner..    I had a to late to the game  BFL orders and got a Refund for them.. I have a Knc on order but Seriously considering cancelling that and buying a new GPU miner instead..  Just the more I see of the Calculators for ASIC’s the more I am thinking ASIC’s are going to have a VERY small window and most wont even breakeven at the current Difficulty increases..

Love your Profile Pic BTW.. Always makes me in the mood to ummmm  well you know..    Shocked



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August 14, 2013, 07:18:49 PM
 #1044


Love your Profile Pic BTW.. Always makes me in the mood to ummmm  well you know..    Shocked


What? Pee on the dudes rug? Thats sick dude...

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Kuroth
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August 14, 2013, 07:19:30 PM
 #1045


Love your Profile Pic BTW.. Always makes me in the mood to ummmm  well you know..    Shocked


What? Pee on the dudes rug? Thats sick dude...


hahahahah    ROFL

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August 14, 2013, 07:22:39 PM
 #1046

I am REALLY leaning towards getting a second GPU miner..    I had a to late to the game  BFL orders and got a Refund for them.. I have a Knc on order but Seriously considering cancelling that and buying a new GPU miner instead..  Just the more I see of the Calculators for ASIC’s the more I am thinking ASIC’s are going to have a VERY small window and most wont even breakeven at the current Difficulty increases..

Yeah ASICs are risky business, IMO.  At least a GPU is useful for something other than mining so it has a resale value even if mining becomes extinct or BTC value hits $5.  I'm keeping a watch on Cointerra, though, since they are located in Austin.  Depending on their minimum order requirements, I will likely become a reseller, or in the very least a group buy organizer since I could do local pick-up and am conveniently located by a major airport (DFW).

Which KNC unit do you have and when did you order?  You might consider mining with it for a week or two and then selling it.  You should be able to pull a profit that way.

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August 14, 2013, 07:50:29 PM
 #1047

I am REALLY leaning towards getting a second GPU miner..    I had a to late to the game  BFL orders and got a Refund for them.. I have a Knc on order but Seriously considering cancelling that and buying a new GPU miner instead..  Just the more I see of the Calculators for ASIC’s the more I am thinking ASIC’s are going to have a VERY small window and most wont even breakeven at the current Difficulty increases..

Yeah ASICs are risky business, IMO.  At least a GPU is useful for something other than mining so it has a resale value even if mining becomes extinct or BTC value hits $5.  I'm keeping a watch on Cointerra, though, since they are located in Austin.  Depending on their minimum order requirements, I will likely become a reseller, or in the very least a group buy organizer since I could do local pick-up and am conveniently located by a major airport (DFW).

Which KNC unit do you have and when did you order?  You might consider mining with it for a week or two and then selling it.  You should be able to pull a profit that way.



Dude no way(No pun intended)..  I live right by DFW airport..  WoW how funny..

I have not heard a lot about Cointerra.  Will have to check them out..

I have a June 21st Knc Saturn on order..  Really debating what to do as Knc is VERY quiet so I don’t know if they are for real or another BFL…   In any case my order is a October Delivery order and when I run the Calculator on Gneisses Block, it now will only make me about 5K after ROI and that’s running it for the next year starting in October.    I can only assume the Gneisses Block calculator is pretty accurate and I can only assume that BTC difficulty will continue to skyrocket..  Just seems a more steady payout at Middlecoin for the next year or two would come out better.  But it’s all a gamble..

Can’t believe your right around the same area as me..


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August 14, 2013, 08:35:24 PM
 #1048

I have always wondered..  How do some of these people have 83 GH of GPU power?Huh?  I mean there is one here on MiddleCoine..   I am very jealous..    LOL

But no really how do they have the power for this?  I mean my gosh they must not run them from their home do they?  If I did that I would have cops at my house within a week thinking I am running a Grow House the size of Cowboy Stadium (Now AT&T Stadium)  Shocked

Always wonder how people pull this off..    I wonder if some of them live in country’s where they don’t have to pay Electricity.. 

They are making some CRAZY money..

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August 15, 2013, 01:10:51 AM
 #1049

Thats someone running a netcafe by day and hashing over night.    The perfect excuse for GPU mining is using/owning them otherwise, some cards are used for CAD ?
and/or they are at uni getting a flat elec bill, maybe they live in iceland or a Japanese island with infinite local geothermic free power :p evil genius stylee


BTC mining is in a bubble, not the coin but the operations and production of the chip.  We should probably hope this works out but I think it puts pressure on altcoins.

In the last month my old pool has doubled hash rate and pay per rate has more then halved.   Are altcoins going to just keep rising in comparison, 200 to 300% then 400 or 500% more profitable.
  Doesnt this mean BTC is much more competitive to buy things with, took me 4 mins to clear payment with BTC not sure how good or bad that is overall but I suspect altcoins will not continue as an isolated Utopia, its linked to BTC changes?

Main thing is integrity so if chains stay solid, the fact dollar is so politically compromised should mean in comparison altcoins continue to be useful so long as its competitive and coherent in use it is superior to the ultimate base line of world reserve currency

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August 15, 2013, 01:56:48 AM
 #1050

Thats someone running a netcafe by day and hashing over night.    The perfect excuse for GPU mining is using/owning them otherwise, some cards are used for CAD ?
and/or they are at uni getting a flat elec bill, maybe they live in iceland or a Japanese island with infinite local geothermic free power :p evil genius stylee


BTC mining is in a bubble, not the coin but the operations and production of the chip.  We should probably hope this works out but I think it puts pressure on altcoins.

In the last month my old pool has doubled hash rate and pay per rate has more then halved.   Are altcoins going to just keep rising in comparison, 200 to 300% then 400 or 500% more profitable.
  Doesnt this mean BTC is much more competitive to buy things with, took me 4 mins to clear payment with BTC not sure how good or bad that is overall but I suspect altcoins will not continue as an isolated Utopia, its linked to BTC changes?

Main thing is integrity so if chains stay solid, the fact dollar is so politically compromised should mean in comparison altcoins continue to be useful so long as its competitive and coherent in use it is superior to the ultimate base line of world reserve currency

All good Points STT...

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August 15, 2013, 02:35:06 AM
 #1051

Today's profit is 0.0358 BTC per MH/s per day.

http://middlecoin.com - profit-switching, auto-exchanging scrypt pool that pays out in BTC
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August 15, 2013, 11:53:25 AM
 #1052

Pool is down.

https://whattomine.com - Check what to mine Smiley
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August 15, 2013, 11:56:36 AM
 #1053

Pool is down.

working fine here... website and miners all connected.

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.
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August 15, 2013, 12:04:57 PM
 #1054

Maybe only Poland affected? Strange.

Ping is not going through, trace is giving a lot of timed outs.

https://whattomine.com - Check what to mine Smiley
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August 15, 2013, 01:09:38 PM
 #1055

Some longer term stats, as some people seem to jump on for a few hours or a day and proclaim it's rubbish.

6000 KH, 16 Days

BTC Mining would have made 1.31 (3 days at 0.09, 10 days at 0.08, 3 days @ 0.06)
Middlecoin 3.12

So it's around 240%.

I'm happy with that, the little extra I could have gained switching around between various coins would be lost in pool fees and time spent messing about on exchanges.  Plus from past experience jumping on coins with supposed 500% profitability you end up getting a fraction of what is promised. I like the fact the OP can monitor the value of coins, stale/reject rates, market depth and make a much more informed decision of what to mine with realtime data.

Keep up the good work h2odysee Smiley

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August 15, 2013, 01:13:14 PM
 #1056

Some longer term stats, as some people seem to jump on for a few hours or a day and proclaim it's rubbish.

6000 KH, 16 Days

BTC Mining would have made 1.31 (3 days at 0.09, 10 days at 0.08, 3 days @ 0.06)
Middlecoin 3.12

So it's around 240%.

You really should have done an LTC comparrison.

Only a fool would be mining BTC with a GPU these days... Cheesy
CoinBuzz
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August 15, 2013, 01:25:40 PM
 #1057

please do not mine litecoin  Cool

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August 15, 2013, 01:30:23 PM
 #1058

Some longer term stats, as some people seem to jump on for a few hours or a day and proclaim it's rubbish.

6000 KH, 16 Days

BTC Mining would have made 1.31 (3 days at 0.09, 10 days at 0.08, 3 days @ 0.06)
Middlecoin 3.12

So it's around 240%.

You really should have done an LTC comparrison.

Only a fool would be mining BTC with a GPU these days... Cheesy


I think it's a good comparison with BTC, because that's usually how they mainly lay out on profit websites.

BTC - 19zLbgtvGUttFiT9LXY8XAw1gGRiwXQap4
DGC - DM2qB66qAetszRtQACX683Vd7Bgd6sUsRB
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August 15, 2013, 01:47:04 PM
 #1059

I think it's a good comparison with BTC, because that's usually how they mainly lay out on profit websites.

good point. those websites compare alt coins with BTC mining direct, while people in this pool compare this pool with LTC mining directly.

ethought
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August 15, 2013, 01:48:21 PM
 #1060

Please stop mining Megacoin!
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