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Author Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com  (Read 811133 times)
jam3zs
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December 18, 2013, 11:25:49 PM
 #2541

It will quickly be driven down to something more reasonable.

I really hope not. Im trying to get my Doge over there asap but I guess Cryptsy is being flooded right now and after 6 confirmations it still isn't showing up.

I've only got 12k Doge but that's a handsome amount at 0.01 btc!.
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jam3zs
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December 18, 2013, 11:41:04 PM
 #2542

Am I seeing this right?Huh?

I just went on cryptsy and went to sell doge and its at 0.01 BTC for a Doge!!

I must be missing something??


Lol, the buy orders that high are tiny and are really only intended to make it look much more valuable than it actually is. The amounts are so small nobody could sell a significant amount at that price. There isn't a single buy order of even 1 BTC until you get to 0.00000055.

Yes but a trade has been completed for 2000 doge @ 0.0002BTC = 0.4 BTC (~$200)

which ain't bad
Galimore
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December 18, 2013, 11:50:59 PM
 #2543

Am I seeing this right?Huh?

I just went on cryptsy and went to sell doge and its at 0.01 BTC for a Doge!!

I must be missing something??


Lol, the buy orders that high are tiny and are really only intended to make it look much more valuable than it actually is. The amounts are so small nobody could sell a significant amount at that price. There isn't a single buy order of even 1 BTC until you get to 0.00000055.

Yes but a trade has been completed for 2000 doge @ 0.0002BTC = 0.4 BTC (~$200)

which ain't bad

0.4 BTC is a small price for someone to pay if it raises that value by even 20% when they dump their 30 million coins.
jam3zs
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December 18, 2013, 11:58:40 PM
 #2544

Am I seeing this right?Huh?

I just went on cryptsy and went to sell doge and its at 0.01 BTC for a Doge!!

I must be missing something??


Lol, the buy orders that high are tiny and are really only intended to make it look much more valuable than it actually is. The amounts are so small nobody could sell a significant amount at that price. There isn't a single buy order of even 1 BTC until you get to 0.00000055.

Yes but a trade has been completed for 2000 doge @ 0.0002BTC = 0.4 BTC (~$200)

which ain't bad

0.4 BTC is a small price for someone to pay if it raises that value by even 20% when they dump their 30 million coins.

I don't understand. (I don't have a great knowledge of economics) but if someone has 30 million coins, why would they bother to spend 0.4 BTC on 2000 DOGE?

phrozenspite
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December 19, 2013, 12:16:41 AM
 #2545

Am I seeing this right?Huh?

I just went on cryptsy and went to sell doge and its at 0.01 BTC for a Doge!!

I must be missing something??


Lol, the buy orders that high are tiny and are really only intended to make it look much more valuable than it actually is. The amounts are so small nobody could sell a significant amount at that price. There isn't a single buy order of even 1 BTC until you get to 0.00000055.

Yes but a trade has been completed for 2000 doge @ 0.0002BTC = 0.4 BTC (~$200)

which ain't bad

0.4 BTC is a small price for someone to pay if it raises that value by even 20% when they dump their 30 million coins.

I don't understand. (I don't have a great knowledge of economics) but if someone has 30 million coins, why would they bother to spend 0.4 BTC on 2000 DOGE?



if you convince everyone else that something is worth more than it actually is you can sell for a higher price.  If the price is high enough you make significantly more than you spent to get it to that level

uranian
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December 19, 2013, 12:18:16 AM
 #2546

Can confirm that EU server is working and rejected rate is much lower than on the US server. Thank you.

Im mining from Norway btw Roll Eyes

I just added a modest ~900kh/s towards this pool from Norway after reading the comments in this thread. I'd been mining at multipool, got that set up as a failover now. Entertains me no end to be mining Dogecoins  Cheesy
jam3zs
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December 19, 2013, 12:22:46 AM
 #2547

Am I seeing this right?Huh?

I just went on cryptsy and went to sell doge and its at 0.01 BTC for a Doge!!

I must be missing something??


Lol, the buy orders that high are tiny and are really only intended to make it look much more valuable than it actually is. The amounts are so small nobody could sell a significant amount at that price. There isn't a single buy order of even 1 BTC until you get to 0.00000055.

Yes but a trade has been completed for 2000 doge @ 0.0002BTC = 0.4 BTC (~$200)

which ain't bad

0.4 BTC is a small price for someone to pay if it raises that value by even 20% when they dump their 30 million coins.

I don't understand. (I don't have a great knowledge of economics) but if someone has 30 million coins, why would they bother to spend 0.4 BTC on 2000 DOGE?



if you convince everyone else that something is worth more than it actually is you can sell for a higher price.  If the price is high enough you make significantly more than you spent to get it to that level

aaaahhhhhhhhhh makes sense!
envy2010
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December 19, 2013, 12:24:12 AM
 #2548

Which pools you guys use as fallback? Is there something similar to this pool?

I'm using the middlecoin EU server as a failover; multipool and hashcows have similar profit-switching services that you can setup accounts with, not as good as middlecoin IMO but better than nothing if the server is down.
phrozenspite
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December 19, 2013, 12:26:50 AM
 #2549

Which pools you guys use as fallback? Is there something similar to this pool?

I'm using the middlecoin EU server as a failover; multipool and hashcows have similar profit-switching services that you can setup accounts with, not as good as middlecoin IMO but better than nothing if the server is down.

Multipool is the worst of the 3 IMO, i have the eu server as my failover now with hashcows as the 2nd.  There was a post a page or 2 back i think where a few others were mentioned that i haven't seen before. 

foodies123
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December 19, 2013, 01:50:06 AM
 #2550

so I was out for a while mining dogecoins on a small pool for the lulz now I've reconnected my 3 miners to middlecoin for 10 mins (eu server because I'm in the eu) they are all mining and getting shares but on the frontend of the website my username(btc addr) is showing blank in accepted shares ...

what do ?

nope
h2odysee
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December 19, 2013, 02:16:18 AM
 #2551

the frontend of the website my username(btc addr) is showing blank in accepted shares ...

The webpage update is running slow for a bit, and might not update for a while. Until I do the payout today. Then it should be running smoothly.

http://middlecoin.com - profit-switching, auto-exchanging scrypt pool that pays out in BTC
phaddie
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December 19, 2013, 02:18:18 AM
 #2552

The price of doge is going up.  If we were mining those today the payout will be good again methinks.

  Phad
foodies123
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December 19, 2013, 02:18:36 AM
 #2553

the frontend of the website my username(btc addr) is showing blank in accepted shares ...

The webpage update is running slow for a bit, and might not update for a while. Until I do the payout today. Then it should be running smoothly.

so there's nothing wrong with the backend right ? just a display issue ... I'll carry on then oh and don't trade the doge on cryptsy it's chaos up in that bit*h

nope
Spencer
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December 19, 2013, 02:56:46 AM
 #2554

the frontend of the website my username(btc addr) is showing blank in accepted shares ...

The webpage update is running slow for a bit, and might not update for a while. Until I do the payout today. Then it should be running smoothly.

so there's nothing wrong with the backend right ? just a display issue ... I'll carry on then oh and don't trade the doge on cryptsy it's chaos up in that bit*h

I'm pretty sure it's just a display issue.  My values haven't updated in at least a half hour but everything's OK and shares are still being accepted in CGMiner. 

With the rate that middlecoin is growing and the chaos h2o is probably having to deal with daily some minor glitches and whatnot are to be expected.  Smiley
Mortimer452
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December 19, 2013, 03:01:19 AM
 #2555

I just wanna say my initial impressions of Middlecoin pool are great.  Only been mining there for a couple days but so far the payouts have been far better than I hoped.  Looking at other people's transaction history with hashrates similar to mine makes me think we're doing a little better than average the last day or two.  Keep up the good work, I hope these payouts can continue!
phrozenspite
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December 19, 2013, 03:10:06 AM
 #2556

congrats h20, he did it again!

lonsharim
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December 19, 2013, 03:21:03 AM
 #2557

I just wanna say my initial impressions of Middlecoin pool are great.  Only been mining there for a couple days but so far the payouts have been far better than I hoped.  Looking at other people's transaction history with hashrates similar to mine makes me think we're doing a little better than average the last day or two.  Keep up the good work, I hope these payouts can continue!

Yep the last 3 days have been exceptional for me. More than exceeds expectation. You couldnt possibly have chosen a better time to join.
Zr1trader
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December 19, 2013, 03:33:49 AM
 #2558

I really doubt we are miing doge coin due to liquidity unless there are private buyers out there which I also doubt but anyway ...If we are mining doge coin at one point or another here is another exchange for it.

Via twitter.....
Coins E @coins_e
Dogecoin has been introduced for trading#DOGE #dogecoin
pindis
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December 19, 2013, 03:35:28 AM
 #2559

you did it again h2o!!!! thank you!!
Spencer
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December 19, 2013, 03:35:43 AM
 #2560

 Shocked BTC.0177 for me today!  Best payout yet!  If only my stupid frigging 6770 had made it onto the delivery truck today! It missed going out today by about 2 hours.  The huge payouts are helping the pain I'm experiencing because of the price drops.  If we can keep this up I will be beyond happy.  The payouts' potential is even huger if you're perhaps very optimistic and believing that the prices will rebound shortly (I mean like a few weeks or so) like I am Smiley If Bitcoin was at $1000 right now, a lot of people here with insane hashrates would be getting even more ridiculous amounts of money.

Also, that stirs up a question I have.  To someone that has insane to me hashrates north of ~5 Mh/s or so, how do you accomplish this?  Is it sheer hardware volume like a basement full of 7950s, or are using some more, *ahem* sneaky methods? (botnets?...) If you had a basement full of 7950s, I'm pretty sure that would heat an entire room, but whatever.  I noticed that the guy with the top hashrate made something like BTC1.73 today.  That's a lot.

Lastly, has anyone tried mining with a reference design 6770?  I know this isn't the best place to ask but I don't think it's deserving of a thread.  I haven't found much googling it but I'm wondering what kind of fan noise is required to keep it safe for temperature.  I just want to be able to sleep in the same room as it and keep it under 80-85 degrees or so.  I guess I have an MSI 7870 heatsink+fans I could try to mount on it if it's too hot, but I'd rather not unless heat/noise is a problem.

Thanks!
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