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Author Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com  (Read 811282 times)
jamesc760
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December 17, 2013, 09:16:30 PM
 #2441

The pool may be getting too big for its own good. H2O really needs to split and point to different coins soon.
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CumpsD
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December 17, 2013, 09:38:53 PM
 #2442

The pool may be getting too big for its own good. H2O really needs to split and point to different coins soon.

Without reading all 100+ page, any chance you could tell me in short why the pool becoming bigger is a bad thing?
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December 17, 2013, 09:43:34 PM
 #2443

The pool may be getting too big for its own good. H2O really needs to split and point to different coins soon.

Without reading all 100+ page, any chance you could tell me in short why the pool becoming bigger is a bad thing?

More miners means more hashrate meaning:
-more coin swapping as difficulty adjustments hit harder
-hurts dedicated miners of the coin when we leave them with high difficulty
-more miners here likely means more everywhere, meaning lower profits across the board

If we split the miners across two or more coins this could mean greater stability in the difficulty of individual coins, and possibly better long term profits. We would have to have some kind of method of determining who gets to mine the best coins, and who mines the subpar coins though. Maybe round-robin style of approach, or maybe just based on raw hashrate (aka you earn h20 more fees so you get the best work to hash)
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December 17, 2013, 09:47:21 PM
 #2444

The pool may be getting too big for its own good. H2O really needs to split and point to different coins soon.

Without reading all 100+ page, any chance you could tell me in short why the pool becoming bigger is a bad thing?

The more and more coins you have to unload at one time tends to drop the value.  By splitting coins you would reduce that sway in market value
Shastada
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December 17, 2013, 09:50:32 PM
 #2445

The pool may be getting too big for its own good. H2O really needs to split and point to different coins soon.

Without reading all 100+ page, any chance you could tell me in short why the pool becoming bigger is a bad thing?

More miners means more hashrate meaning:
-more coin swapping as difficulty adjustments hit harder
-hurts dedicated miners of the coin when we leave them with high difficulty
-more miners here likely means more everywhere, meaning lower profits across the board

If we split the miners across two or more coins this could mean greater stability in the difficulty of individual coins, and possibly better long term profits. We would have to have some kind of method of determining who gets to mine the best coins, and who mines the subpar coins though. Maybe round-robin style of approach, or maybe just based on raw hashrate (aka you earn h20 more fees so you get the best work to hash)

If he left people off the best coins then people would leave this pool in droves and go to the pools that don't intentionally screw part of the pool, or just mine the best coin themselves. Why would anyone think this is an ok idea? If a coin is the best value its the best value, just milk it. I don't think cutting the hash in half would make that much improvement, it would just lower profits all around.
2RoyalSox
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December 17, 2013, 10:05:27 PM
 #2446

The pool may be getting too big for its own good. H2O really needs to split and point to different coins soon.

Without reading all 100+ page, any chance you could tell me in short why the pool becoming bigger is a bad thing?

More miners means more hashrate meaning:
-more coin swapping as difficulty adjustments hit harder
-hurts dedicated miners of the coin when we leave them with high difficulty
-more miners here likely means more everywhere, meaning lower profits across the board

If we split the miners across two or more coins this could mean greater stability in the difficulty of individual coins, and possibly better long term profits. We would have to have some kind of method of determining who gets to mine the best coins, and who mines the subpar coins though. Maybe round-robin style of approach, or maybe just based on raw hashrate (aka you earn h20 more fees so you get the best work to hash)

If he left people off the best coins then people would leave this pool in droves and go to the pools that don't intentionally screw part of the pool, or just mine the best coin themselves. Why would anyone think this is an ok idea? If a coin is the best value its the best value, just milk it. I don't think cutting the hash in half would make that much improvement, it would just lower profits all around.

Well really it could already be happening. We have no idea what we're mining at anytime. I agree that it's hard to say if cutting the hash would actually help or not; but focusing a hashpower laser on any one coin doesn't seem to be the best idea either. We might run into issues where we mine so much that the market can't even sustain our trade at the prices that we were originally mining at.
gsrcrxsi
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December 17, 2013, 10:17:48 PM
 #2447

More people are mining here because Hashco.ws is having issues...
phzi
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December 17, 2013, 10:26:46 PM
 #2448

More miners means more hashrate meaning:
[...]
-hurts dedicated miners of the coin when we leave them with high difficulty
[...]

That is kinda part of the point of this pool... to devalue altcoins by raping them and then trading them to BTC.
phrozenspite
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December 17, 2013, 10:34:24 PM
 #2449

The pool may be getting too big for its own good. H2O really needs to split and point to different coins soon.

Without reading all 100+ page, any chance you could tell me in short why the pool becoming bigger is a bad thing?

More miners means more hashrate meaning:
-more coin swapping as difficulty adjustments hit harder
-hurts dedicated miners of the coin when we leave them with high difficulty
-more miners here likely means more everywhere, meaning lower profits across the board

If we split the miners across two or more coins this could mean greater stability in the difficulty of individual coins, and possibly better long term profits. We would have to have some kind of method of determining who gets to mine the best coins, and who mines the subpar coins though. Maybe round-robin style of approach, or maybe just based on raw hashrate (aka you earn h20 more fees so you get the best work to hash)

If he left people off the best coins then people would leave this pool in droves and go to the pools that don't intentionally screw part of the pool, or just mine the best coin themselves. Why would anyone think this is an ok idea? If a coin is the best value its the best value, just milk it. I don't think cutting the hash in half would make that much improvement, it would just lower profits all around.

Well really it could already be happening. We have no idea what we're mining at anytime. I agree that it's hard to say if cutting the hash would actually help or not; but focusing a hashpower laser on any one coin doesn't seem to be the best idea either. We might run into issues where we mine so much that the market can't even sustain our trade at the prices that we were originally mining at.

if you check the difficulty of the coin that we're working on and look at the current difficulties of various coins it usually isn't too hard to figure out which one we're mining. 

phzi
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December 17, 2013, 11:49:59 PM
 #2450

if you check the difficulty of the coin that we're working on and look at the current difficulties of various coins it usually isn't too hard to figure out which one we're mining. 
Who says H2O isn't sending false Network difficulty data?  Network difficulty as shown in cgminer could be a complete lie as far as I understand.

That said, you could just watch the block you are hashing on, if you know how to dump that data.
h2odysee
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December 17, 2013, 11:57:28 PM
 #2451

I just put up a *very beta* european server. Connect to eu.middlecoin.com:3333. It's in Ireland.

Tell me if it works, or doesn't. If you mine on it, make sure your hashrate on the webpage doesn't drop to zero, or do anything funky.

The main server can't fully handle the new hash power, and is shutting down for 30 seconds every hour or so. So I'm hoping this will alleviate that.

http://middlecoin.com - profit-switching, auto-exchanging scrypt pool that pays out in BTC
Zr1trader
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December 18, 2013, 12:00:22 AM
 #2452

More miners means more hashrate meaning:
[...]
-hurts dedicated miners of the coin when we leave them with high difficulty
[...]

That is kinda part of the point of this pool... to devalue altcoins by raping them and then trading them to BTC.

But who will buy these newly devauled altcoins so that we may get paid ?

In the hedge fund industry , most of them stop accepting new customers at a certain mxt cap because they are too big and make way to big of a splash when trying to liquidate therefore causing unfavorable execution prices.
Zr1trader
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December 18, 2013, 12:06:56 AM
 #2453

I just put up a *very beta* european server. Connect to eu.middlecoin.com:3333. It's in Ireland.

Tell me if it works, or doesn't. If you mine on it, make sure your hashrate on the webpage doesn't drop to zero, or do anything funky.

The main server can't fully handle the new hash power, and is shutting down for 30 seconds every hour or so. So I'm hoping this will alleviate that.
Works for me. Thanks
juggs
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December 18, 2013, 12:32:07 AM
 #2454

I just put up a *very beta* european server. Connect to eu.middlecoin.com:3333. It's in Ireland.

Tell me if it works, or doesn't. If you mine on it, make sure your hashrate on the webpage doesn't drop to zero, or do anything funky.

The main server can't fully handle the new hash power, and is shutting down for 30 seconds every hour or so. So I'm hoping this will alleviate that.

Switched over. Will check on webpage hashrate in 20 mins or so to be sure.
phaddie
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December 18, 2013, 01:06:25 AM
 #2455

eu server seems to be working for me.
Shaban
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December 18, 2013, 01:09:36 AM
 #2456

Sorry, I'm not going to go through all the pages, but can someone tell me if this pool uses VARDIFF or if it's set at 512?
jamesc760
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December 18, 2013, 01:11:10 AM
 #2457

Sorry, I'm not going to go through all the pages, but can someone tell me if this pool uses VARDIFF or if it's set at 512?

It's set at 512.
dgross0818
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December 18, 2013, 01:11:32 AM
 #2458

Sorry, I'm not going to go through all the pages, but can someone tell me if this pool uses VARDIFF or if it's set at 512?
It's set at 512 to reduce server load. Unfortunately with the crazy growth experienced recently there are still some server overloads/disconnects - hence the need for EU Server
jamesc760
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December 18, 2013, 01:16:02 AM
 #2459

I just put up a *very beta* european server. Connect to eu.middlecoin.com:3333. It's in Ireland.

Tell me if it works, or doesn't. If you mine on it, make sure your hashrate on the webpage doesn't drop to zero, or do anything funky.

The main server can't fully handle the new hash power, and is shutting down for 30 seconds every hour or so. So I'm hoping this will alleviate that.

First hashco.ws started having problems and now it's middlecoin's turn for a server meltdown! I know I sound like a broken record, but the pool is getting too big for its own good!
Shaban
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December 18, 2013, 01:16:58 AM
 #2460

Sorry, I'm not going to go through all the pages, but can someone tell me if this pool uses VARDIFF or if it's set at 512?
It's set at 512 to reduce server load. Unfortunately with the crazy growth experienced recently there are still some server overloads/disconnects - hence the need for EU Server

So after the EU server, would it be lowered? Setting it at 512 would cause less shares going through, wouldn't it?
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