Bitcoin Forum
July 16, 2019, 11:51:29 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 ... 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 [54] 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 ... 538 »
  Print  
Author Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com  (Read 809784 times)
Damnsammit
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
August 15, 2013, 01:49:45 PM
 #1061

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

Yeah I didn't think of that... just thought of all the people complaning because they could be mining LTC for more profit than this pool.  I just like collecting coins, so I am probably going to stop using this pool for a bit and start hitting up random alt-coins and then sit on my 50 different wallets for a while.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563321089
Hero Member
*
Offline Offline

Posts: 1563321089

View Profile Personal Message (Offline)

Ignore
1563321089
Reply with quote  #2

1563321089
Report to moderator
1563321089
Hero Member
*
Offline Offline

Posts: 1563321089

View Profile Personal Message (Offline)

Ignore
1563321089
Reply with quote  #2

1563321089
Report to moderator
fredeq
Legendary
*
Offline Offline

Activity: 1460
Merit: 1005


View Profile WWW
August 15, 2013, 01:59:43 PM
 #1062

Anyone else having problems connecting to pool?

cgminer reports dead for me and I cannot ping the server. The ip i get while ping is: [54.212.80.0]

https://whattomine.com - Check what to mine Smiley
CoinBuzz
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile
August 15, 2013, 02:06:28 PM
 #1063

Anyone else having problems connecting to pool?

cgminer reports dead for me and I cannot ping the server. The ip i get while ping is: [54.212.80.0]

No, i'm connecting and mining.

But the pool is mining litecoin for some hours without any profit.

fredeq
Legendary
*
Offline Offline

Activity: 1460
Merit: 1005


View Profile WWW
August 15, 2013, 02:08:40 PM
 #1064

Anyone else having problems connecting to pool?

cgminer reports dead for me and I cannot ping the server. The ip i get while ping is: [54.212.80.0]

No, i'm connecting and mining.

But the pool is mining litecoin for some hours without any profit.

Please check the ip you get from pinging middlecoin.com

https://whattomine.com - Check what to mine Smiley
c1010010
Sr. Member
****
Offline Offline

Activity: 271
Merit: 250



View Profile
August 15, 2013, 02:29:29 PM
 #1065

Please stop mining Megacoin!

Why?


         YOU TOO CAN BE A MILLIONAIRE – INFINITECOIN Infinite possibilities – http://infinitecointalk.org          
ethought
Legendary
*
Offline Offline

Activity: 1316
Merit: 1000



View Profile
August 15, 2013, 07:15:51 PM
 #1066


Because unless the difficulty algorithm is changed the multipools (profit switching pools) are going to kill it.

Eventually those of us hashing away at way under profitability (because the multipools push difficulty through the roof) will not be able to continue doing that and the hashrate will drop to 0 for most of the day rendering the coin effectively dead.. No more Megacoin profit switching as there will be no more Megacoin. The same goes for other coins as well.

I understand multipools and the benefits attached but in effect they are biting the hand that feeds them. Logic dictates that if all regular miners of alt coins moved to multipools all alt coins would essentially die, as there would be 0 KH/s hashrate on most of them for most of the day. This reduces the number of coins the multipool can switch between. The end result, in theory, is that multipool will simply mine the last currency left - thus no longer being a multipool. A bit dramatic, as 100% of miners will never all move to multipools, but you get my point.

Here is a graph of what multipools do to the difficulty of Megacoin.

https://bitcointalk.org/index.php?topic=240861.msg2940681#msg2940681





Kuroth
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile WWW
August 15, 2013, 07:57:35 PM
 #1067


Because unless the difficulty algorithm is changed the multipools (profit switching pools) are going to kill it.

Eventually those of us hashing away at way under profitability (because the multipools push difficulty through the roof) will not be able to continue doing that and the hashrate will drop to 0 for most of the day rendering the coin effectively dead.. No more Megacoin profit switching as there will be no more Megacoin. The same goes for other coins as well.

I understand multipools and the benefits attached but in effect they are biting the hand that feeds them. Logic dictates that if all regular miners of alt coins moved to multipools all alt coins would essentially die, as there would be 0 KH/s hashrate on most of them for most of the day. This reduces the number of coins the multipool can switch between. The end result, in theory, is that multipool will simply mine the last currency left - thus no longer being a multipool. A bit dramatic, as 100% of miners will never all move to multipools, but you get my point.

Here is a graph of what multipools do to the difficulty of Megacoin.

https://bitcointalk.org/index.php?topic=240861.msg2940681#msg2940681




I think this is "The Sky Is Falling" Scenario and will never happen..

FlungSpun
Sr. Member
****
Offline Offline

Activity: 406
Merit: 251


View Profile
August 15, 2013, 11:09:47 PM
 #1068

This is an evolutionary question for the coin parameters.
A coin has to be fit to survive in an ecosystem which now includes multipools ergo long diff re-targets are a death wish.
In fact they were always a death wish, multipools just highlight the issues.
FTC had to be redesigned to survive, ANC got left high and dry recently, it's a bad design exposed.
Kuroth
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile WWW
August 15, 2013, 11:31:35 PM
 #1069

The Big Fish will eat the small fish and life will go on..   Been this way for 1,000's of years...

h2odysee
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile WWW
August 16, 2013, 02:50:05 AM
 #1070

Today's payout is 0.0296 BTC per MH/s per day.

http://middlecoin.com - profit-switching, auto-exchanging scrypt pool that pays out in BTC
superresistant
Legendary
*
Offline Offline

Activity: 2030
Merit: 1095



View Profile
August 16, 2013, 09:38:09 AM
 #1071

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


If your calculation is right, then 240% is not a good result.

Most of active alt-coins are above 270% on average.
hotwired007
Hero Member
*****
Offline Offline

Activity: 538
Merit: 500


View Profile
August 16, 2013, 10:02:50 AM
 #1072

Today's payout is 0.0296 BTC per MH/s per day.

is it worth having this posted on the site so we dont have to keep checking this thread to check?

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.
Tigggger
Legendary
*
Offline Offline

Activity: 1079
Merit: 1000



View Profile
August 16, 2013, 10:34:25 AM
 #1073


If your calculation is right, then 240% is not a good result.

Most of active alt-coins are above 270% on average.
Looking at coinchoose it's true but that's looking back 7 days with hindsight and theoretical returns.

But as I said above there are more factors to consider, lets look at one coin as an example

AmericanCoin, Prof last 7 days 271%, Network 11MH

This pool jumps on with it's 800MH (11,000% increase) and either the reject/stale rate goes through the roof, or the coins difficulty adjusts quickly, either way it's not going to remain at 366% for long. Plus even if it could in theory mine it would make 2.5 million coins a day, which would be impossible to sell.

All in all 240% in BTC with no messing is fine with me.

garumaru
Full Member
***
Offline Offline

Activity: 164
Merit: 100


View Profile
August 16, 2013, 12:04:58 PM
 #1074

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


If your calculation is right, then 240% is not a good result.

Most of active alt-coins are above 270% on average.

Remember, BTC difficulty jumped from 37m to 50m just couple of days ago.

BTC - 19zLbgtvGUttFiT9LXY8XAw1gGRiwXQap4
DGC - DM2qB66qAetszRtQACX683Vd7Bgd6sUsRB
Kuroth
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile WWW
August 16, 2013, 07:59:29 PM
 #1075

Questions for you guys and H20 if he sees this as I am still pretty new to Bitcoin..

I am going to be getting a second miner PC next week but this new PC will also become my main PC.

So its replacing my PC where I have my BTC Wallet..

So I know I can just copy the wallet file to a USB drive correct?

But what about my "Receive Coins" address like I use here at Middlecoin?  Is there a way when I install the BTC wallet QT on my new PC to still keep my Receive Coins Address?  or do I have to create new ones? 

H20 if I have to create new ones, how will I coordinate with you my cut over so I dont lose any payouts if my old address is all the sudden bad?

Trying to figure out in my head how I am going to do this switch over..  I guess if worse comes to worse I could leave my Old PC up and running until I clear out any coins coming to that Receive coin address..




fredeq
Legendary
*
Offline Offline

Activity: 1460
Merit: 1005


View Profile WWW
August 16, 2013, 08:05:31 PM
 #1076

Questions for you guys and H20 if he sees this as I am still pretty new to Bitcoin..

I am going to be getting a second miner PC next week but this new PC will also become my main PC.

So its replacing my PC where I have my BTC Wallet..

So I know I can just copy the wallet file to a USB drive correct?

But what about my "Receive Coins" address like I use here at Middlecoin?  Is there a way when I install the BTC wallet QT on my new PC to still keep my Receive Coins Address?  or do I have to create new ones?  

H20 if I have to create new ones, how will I coordinate with you my cut over so I dont lose any payouts if my old address is all the sudden bad?

Trying to figure out in my head how I am going to do this switch over..  I guess if worse comes to worse I could leave my Old PC up and running until I clear out any coins coming to that Receive coin address..





From my experiance wallet.dat saves all data including wallet address. But please someone confirm Wink

I had to upgrade litecoin client, obviously it overwritten all but wallet.dat(cause there is no file with new isntall), when I started qt it was all up to date with my old wallet.

https://whattomine.com - Check what to mine Smiley
h2odysee
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile WWW
August 16, 2013, 08:06:47 PM
 #1077

But what about my "Receive Coins" address like I use here at Middlecoin?  Is there a way when I install the BTC wallet QT on my new PC to still keep my Receive Coins Address?  or do I have to create new ones? 

H20 if I have to create new ones, how will I coordinate with you my cut over so I dont lose any payouts if my old address is all the sudden bad?

As far as I know, when you copy the wallet file over, it keeps all your "receive coins" addresses, and private keys and everything.

But if for some reason you need me to stop payments on an address and forward them to another address, the procedure is to PM me the old address, and a message signed with the old address containing the new address you want them forwarded to. You shouldn't need to do that though.

http://middlecoin.com - profit-switching, auto-exchanging scrypt pool that pays out in BTC
Kuroth
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile WWW
August 16, 2013, 09:26:11 PM
 #1078

Excellent..  Thanks guys..


Jriker1
Full Member
***
Offline Offline

Activity: 147
Merit: 100


View Profile
August 16, 2013, 09:35:57 PM
 #1079

Not sure what coin, however whatever we are mining now gives high rejects.

JR
fredeq
Legendary
*
Offline Offline

Activity: 1460
Merit: 1005


View Profile WWW
August 16, 2013, 09:44:46 PM
 #1080

Not sure what coin, however whatever we are mining now gives high rejects.

JR

I think its dgc. Dgc and Wdc always gives the highest rejects, but as you can see dgc is at 500-700% profit of btc right now!

https://whattomine.com - Check what to mine Smiley
Pages: « 1 ... 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 [54] 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 ... 538 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!