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Author Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com  (Read 817498 times)
gtraah
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January 06, 2014, 02:15:32 PM
 #4461

Great report, thanks for doing that. Be interesting if someone could do the same for hashcows.


Hashcows would of been a better comparison, but even then, you cant say one would win, Ill tell you what may happen.

One week Middlecoin the next hashcow, This may require a longer test Example 4 weeks

This way if one comes out on top every week for 4 weeks, they must be doing something better than the other.
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CaptainBeck
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January 06, 2014, 02:17:34 PM
 #4462

What risers did you buy??? I'm looking to get some powered x1 to x16, a couple on the market. So not sure on which one, the cheaper ones dont appear to come with a cap on the power rail. Wondering how needed that is. There seems to be a real range in price aswell.

I'm thinking of going for some from http://litecoinminingparts.com/

What do you mean cap? If its that little cylinder looking chip on the 1x - 16x well this has it.. I got it off Ebay.

I bought 16x -> 16x Unpowered  As there is only 3 on the motherboard at the moment. I cant see a problem with having Un-powered risers if your putting them on 16x slots, especially if there is only 3 cards at the moment and you have a good PSU.

If I were to plug a card into the 1x Slot then Definitely I will use a powered riser as those slots don't allow as much current draw.

Sorry me being lazy with the spelling of capacitor.

How much was urs off ebay??
SimonG
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January 06, 2014, 02:23:26 PM
 #4463

Can someone explain why we're mining litecoins instead of other more profitable alt-coins?
2RoyalSox
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January 06, 2014, 02:31:59 PM
 #4464

Can someone explain why we're mining litecoins instead of other more profitable alt-coins?
pool is to big to mine alt coins and sell without crashing them to zero.
jingguantian
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January 06, 2014, 02:32:52 PM
 #4465

I have not receive coin
envy2010
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January 06, 2014, 02:52:09 PM
 #4466

Can someone explain why we're mining litecoins instead of other more profitable alt-coins?

LTC would show in cgminer with a diff of 3.37K or 221M, depending which version you have. I don't see that diff now, we seem to be switching between DOGE and CAT (17.3M and 6.45M).
aclass
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January 06, 2014, 02:52:45 PM
 #4467

50-60ms is OK, 100ms is starting to go a bit slow, 200ms is still usable, 300ms stales will climb some more
If you are in the EU you can just point your miners to eu. and it will auto-switch when that host is pointed back to the EU server


By the way, if you're connecting to the EU-server right now, you're actually connecting to the US-server. h2odyssee said so a couple of hours back. Try pinging eu.middlecoin.com. You'll find the same latency as with middlecoin.com.

What's a good latency?

I'm getting 240ms!

Doesn't seem too good.

BTC: 1Bitcoin8dtPLLZcRtS6Kc8o4eXXZhxEaj | ZAN Coin
jimprofit99
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January 06, 2014, 03:08:27 PM
 #4468

Can someone explain why we're mining litecoins instead of other more profitable alt-coins?

LTC would show in cgminer with a diff of 3.37K or 221M, depending which version you have. I don't see that diff now, we seem to be switching between DOGE and CAT (17.3M and 6.45M).

We switched to LTC a couple of time today... and we are presently mining LTC :-(
CaptainBeck
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January 06, 2014, 03:12:10 PM
 #4469

I'm sure there is good reason to be mining LTC. If you dont feel there is, doesnt take much work to redirect your miners to a different pool for a while.
2RoyalSox
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January 06, 2014, 03:19:00 PM
 #4470

Can someone explain why we're mining litecoins instead of other more profitable alt-coins?

LTC would show in cgminer with a diff of 3.37K or 221M, depending which version you have. I don't see that diff now, we seem to be switching between DOGE and CAT (17.3M and 6.45M).

Seems to be bouncing back between Chinacoin (3.08M), CAT, and LTC now...all the alts are doing shit right now by the looks of it Sad
coin123123
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January 06, 2014, 03:30:45 PM
 #4471

I'm sure there is good reason to be mining LTC. If you dont feel there is, doesnt take much work to redirect your miners to a different pool for a while.
in not a "feel" its simple math

if you mine litecoin you get X btc,
if you mine other you get >X btc

as someone mentioned small coins can't be exchanged at high volume for btc without crashing meaning its more profitable to mine with smaller pool

safest way is to point rigs to different pools, but people with only one rig are making a bet on pool's owner which not always working well.
last week middlecoin was better profit than others but this week it is not possible unless others will start mining less profitable coins.

LPCobris
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January 06, 2014, 04:28:42 PM
 #4472

I created an Excel file with the following columns:
--- SNIP ---
done. I see how much it is fluctuating. Not so much actually.
...
And all that goes into ONE LINE in Excel, because then the next line is just filling in the values, pulling a few calculation cells down - and the result is there.
...
Does this help?
Overanswered, I guess :-)

Whoa Drakoin!
That is deep! Smiley

Can you send me the file you made to see if i can make some order out of all this information stream?

I don´t really know an awfull a lot, but im learning (or at least trying!)...
Thanks in avance for the attention...
Best Regards,
LPC

Happy to help. Welcome to the strange&mesmerizing world of cryptocurrencies :-)
Myself, I got so much help here.  This web based collaboration work is amazing.

And here is your answer. Overanswered again :-)
but I wanted to beautify the Excel sheet a bit, before I send it to you.

DOWNLOAD THE EXCEL SPREADSHEET HERE:
https://mega.co.nz/#!B9pzGY6K!coGgVCE260BII08hBnRWtE8At08GV-PqJ61v_kSY8c0


copy the whole line into your addressfield, the URL is not recognized in this forumsoftware???
 Smiley  Wink  Cheesy  Grin  Angry  Sad  Shocked  Cool  Huh  Roll Eyes  Tongue  Embarrassed  Lips sealed  Undecided  Kiss  Cry

Hi Drakoin!
Thanks for your reply!

Im going to see your file later on...
But thanks for helping me out (and others who will use it!) Smiley

This is a great comunity!

Wink

LPC
sykal
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January 06, 2014, 04:38:27 PM
 #4473

http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

How are people hashing that much? Are these generally companies? I can't even imagine an individual with 500+ GPUs
Mikk36
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January 06, 2014, 04:49:46 PM
 #4474

I'm sorry, I missed it, but did anyone see how much the pool balance was  before they payout? The graph shows over 140BTC, but the payout transaction said 107BTC were paid out.

Also, at 5,000mhs, we were averaging around 100-120 BTC/day now with 10,000mhs, shouldn't we be averaging 200-240 BTC/day?

Just H2O stealing more coins. No big deal. Since some of you guys said you're OK with 5-10% fee, I'm sure he's going ahead and taking it

Come on...

Lets wait for the H2O explanation before bashing more crap at him...
You are so sure about this... So lets see proof...

I see good results all around... you see a scammer...

Time will tell...

LPC
He did explain saying that it was a refund transaction.
This is what he meant by that: http://bitcoin.stackexchange.com/questions/9007/why-are-there-two-transaction-outputs-when-sending-to-one-address
DontMineMe
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January 06, 2014, 04:52:12 PM
 #4475

Middlecoin.com vs Multipool.us

I did a split test over 1 week to find out which was the most profitable pool. I pointed 1.800 Khash on each pool (100% identical hardware) and started them at the same time.
(a test should be done over a few months, but I wanted max profit now, so I only did 1 week)

On middlecoin.com it's very easy and simple, and no setup is required at all. However there is less control and much less information available.

On multipool.us I set up an account on Cryptsy and set every alt coin to auto payout to cryptsy. Then I set cryptsy to auto exchange every alt coin to bitcoin as soon as they came in, so this should give more

Middlecoin.com

7 days of mining with 1800 Khash

Paid out: 0.11560480
Remaining balance: 0.00032817
Unexchanged: 0.0096669
Immature: 0.00451747
Total: 0.13011944 (of which 0.01451465 have not yet been paid when I made this post, and also it may not all be paid depending on immature/unexchanged behavior)

Link 1: http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/134DF3buwjU9LJLaucYBN1XbDwTDHdESAJ.html
Link 2: http://blockchain.info/address/134DF3buwjU9LJLaucYBN1XbDwTDHdESAJ



Multipool.us

7 days of mining with 1800 Khash

Paid out: 0.09583497
Remaining balance: 0
Unexchanged: 0,0010403
Immature: 0
Total: 0.09687517 (of which 0.0096669 is stuck in minor bit's of alt coin that cryptsy won't exchange before there is 1.0 of that alt coin)

Note: Keep in mind that cryptsy have a 0.00050000 BTC fee for bitcoin withdrawl, regardless of how little/much you take it. So if you wan't to take out BTC to your wallet every day, this would come to allot. If you feel safe holding lots of bitcoins in an altcoin exchange, that's less of an issue. (I personally don't like holding bitcoins in altcoin exchanges as they are highly vulnerable to 51% alt coin attacks as far as I understand it)

Link: I have no link for this, since money held in an exchange, does not have a public address. (or any unique address at all)


In conclusion, I pointed all my miners on middlecoin.com after this test.


Thanks for sharing your hard work. Now if I hear one more time that H2O integrity in question, I will lose it Shocked He is making profit because he work his tail off when other pools are either down,hacked or otherwise plane unprofitable in comparison. So nock it off people.
xminerx
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January 06, 2014, 05:01:30 PM
 #4476

h2odyssee, could you let us know once the EU-server is back up again? And will it now switch coins like the US-server? Thanks in advance!

jimprofit99
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January 06, 2014, 05:06:15 PM
 #4477

I'm sure there is good reason to be mining LTC. If you dont feel there is, doesnt take much work to redirect your miners to a different pool for a while.

Don't worry CaptainBeck, I will do it if it continues like that, cause soon what I'll get from the pool won't be able to cover my electricity bill.  And by the way, let me remind you what the main page sells to the people mining here: "This pool automatically mines the most profitable scrypt coin".  It's just being honest to recognize it's not true anymore.

I understand well that mining smaller coins may become difficult when it comes to sell them on a small market for a big pool, but other solutions than mining LTC must exist.  Maybe that this pool just became a place for big miners, that's why many of us become unhappy with the results and start to say so.
Whagwan
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January 06, 2014, 05:07:32 PM
 #4478

The EU server is currently just pointed at the US server, however I am getting very good results (2% rejects, no GW failures) from the UK with a ping of around 210ms...
corsaro
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January 06, 2014, 05:08:14 PM
 #4479

the moon

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January 06, 2014, 05:17:08 PM
 #4480

http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

How are people hashing that much? Are these generally companies? I can't even imagine an individual with 500+ GPUs

This address is a bit suspect for me, each time visit middlecoins www he have more Mh Smiley
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