[ANN] profit switching auto-exchanging pool - www.middlecoin.com

[Shaban]

Maybe you people will start listening to me when I say that H2O is either

1) Stealing which is evidenced from his taking 90 bitcoins out of the pool and paying it to himself
2) Incompetent and has no idea what he's doing

You're in for more bad pay days guys. Any good pay day I would consider H2O is just trying to trick you into thinking everything is ok, then it will quickly go bad again.

I was questioning the 90+ BTC. So I did my research and saw that the 90+ BTC was paid back to the pool. You can check the transaction a few pages back... I got $73 out of it

[1714907953]

1714907953

[1714907953]

1714907953

[1714907953]

1714907953

[1714907953]

1714907953

[gtraah]

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

What if its another pool owner pointing his Pool to Middlecoin using everyones hasing power to gain the profits and then sharing it with the pool?

[gtraah]

Maybe you people will start listening to me when I say that H2O is either

1) Stealing which is evidenced from his taking 90 bitcoins out of the pool and paying it to himself
2) Incompetent and has no idea what he's doing

You're in for more bad pay days guys. Any good pay day I would consider H2O is just trying to trick you into thinking everything is ok, then it will quickly go bad again.

I was questioning the 90+ BTC. So I did my research and saw that the 90+ BTC was paid back to the pool. You can check the transaction a few pages back... I got $73 out of it

You got $73? What do you mean? how come I didn't get anything ?

[gtraah]

I love mining during winter ... keeps the house cozy and warm

Any suggestions on the best hash capable card currently on newegg.com that is below $500 USD (ideally closer to the $400 mark) and best for khash/$? Too many decisions and options ... can't make my mind up ....

R9 280x. Just picked up a third last week. ~$400 and I get between 680-730 khash/s per card

I spent $450 on the R9 280x (TOXIC- OC) and without a doubt I get 750Kh STABLE nothing less unless the pool goes wacko then the hash drops but thats got nothing to do with the card. I have mined in other pools and constant 750KH all the way, They DO reach 815KH but then it starts to become abit unstable

[Shaban]

Maybe you people will start listening to me when I say that H2O is either

1) Stealing which is evidenced from his taking 90 bitcoins out of the pool and paying it to himself
2) Incompetent and has no idea what he's doing

You're in for more bad pay days guys. Any good pay day I would consider H2O is just trying to trick you into thinking everything is ok, then it will quickly go bad again.

I was questioning the 90+ BTC. So I did my research and saw that the 90+ BTC was paid back to the pool. You can check the transaction a few pages back... I got $73 out of it

You got $73? What do you mean? how come I didn't get anything ?

I got $73 worth of BTC for that payout. I'm sure you got some too. Check the transaction and look up your address

[ellave]

Anyone else think that h20 is actually tealover?  He is trying to force people to leave the pool and reduce his work load 

Thanks for the Singapore server week give it a whirl, hopefully better then the others for us in Australia.

[zSprawl]

Payouts are out. Sorry for the delay.

I noticed some problems today (and fixed them) with the EU server, so it's still considered beta.

I've added two new beta servers, so we now have:

uswest.middlecoin.com:3333 in Oregon (same as middlecoin.com currently)
useast.middlecoin.com:3333 in N. Virginia beta
eu.middlecoin.com:3333 in Ireland beta
asia.middlecoin.com:3333 in Singapore beta

They all switch coins, just like the original US server. After beta ends, middlecoin.com will point to the server with the lowest latency to you. So you don't need to mess with your miner config at all if you don't want to participate in the beta.

If you use a beta server, be sure to have a failover server because I might need to take them offline if they have issues.

Also, don't use --no-submit-stale. On any server. When we coin switch with the new non-disconnecting tech, cgminer thinks some shares are stale when they are not.

What the hell?!

New servers to handle the incoming load since hashcows?!?

Shouldn't you be busy stealing our BTC, h20?!

Man... I'm so confused.

[gtraah]

Funny I added an extra 800KH of Power yesterdat and received the lowest payout...

Look at the graph the red line is already up past half way of yesterdays payout and we are only a few hours into the day.. Thats how bad yesterday was. LOL,

Hopefully tonight makes up for it

[BombaUcigasa]

Today's payout is 19% LOWER than mining in a Litecoin pool would have been. And that's even comparing 25 hours middlecoin vs 24 hours Litecoin. Another wonderful day on middlecoin. /sarcasm

Today's payout on 1400khash: 0.012 BTC
LTC comparative pay on 1400khash: 0.462 LTC * 0.0298 BTC/LTC = 0.0138 BTC

Looks like 13% for me. Also because of the fee (3%), it's more like 10% lower than Litecoin. Right?

[eric89]

Payouts are out. Sorry for the delay.

I noticed some problems today (and fixed them) with the EU server, so it's still considered beta.

I've added two new beta servers, so we now have:

uswest.middlecoin.com:3333 in Oregon (same as middlecoin.com currently)
useast.middlecoin.com:3333 in N. Virginia beta
eu.middlecoin.com:3333 in Ireland beta
asia.middlecoin.com:3333 in Singapore beta

They all switch coins, just like the original US server. After beta ends, middlecoin.com will point to the server with the lowest latency to you. So you don't need to mess with your miner config at all if you don't want to participate in the beta.

If you use a beta server, be sure to have a failover server because I might need to take them offline if they have issues.

Also, don't use --no-submit-stale. On any server. When we coin switch with the new non-disconnecting tech, cgminer thinks some shares are stale when they are not.

Great news on the Singapore server H2O thanks, I'm in australia so I can start using that server for now to test it out. Actually though, the west coast server has a very slightly less Ping (westcoast 173, Singapore 184) but i'll use singapore for testing

From Australia I'm getting
Singapore: 222
USwest: 277

[kenshirothefist]

Also, don't use --no-submit-stale. On any server. When we coin switch with the new non-disconnecting tech, cgminer thinks some shares are stale when they are not.

Thanks for this tip, a see that with your new code stales are successfully submited. h20, keep up the good work and show as some more programming masterpieces!

[zoonosis]

From Australia I'm getting
Singapore: 222
USwest: 277
[/quote]

Interesting...my ping to singapore is around 150ms
Im located in Brisbane so if you're in either Melb or Syd im closer

[koldtoft]

Today's payout on 1400khash: 0.012 BTC
LTC comparative pay on 1400khash: 0.462 LTC * 0.0298 BTC/LTC = 0.0138 BTC

Looks like 13% for me. Also because of the fee (3%), it's more like 10% lower than Litecoin. Right?

Have you included the unexchanged and immature in "todays payout" from middlecoin?  If not the comparison with straight litecoin is not fair.

Also the 3% should be more like 4% as you need to add an exchange fee as well.

[Dende]

guess the aussies will want a server too
we have been mining at the us server for a couple of days and im getting good result although im in eu and ping is >200ms at least from cgminer stats, I got <5 stales and getwork failure and 2-3% rejects in a day. This might be because we were switching coin infrequently, from cgminer looks to me like we have been only mining dogecoin and litecoin.
I switched to eu server and just now I saw coin with network difficulty 44, might be catcoin.
Thanks h2o for the great work

[koldtoft]

Has anyone ever herd the proverb "you don't cut down a money tree" ?

Since H20 is making a massive continues profit from middlecoin, and it's been running for quite a long time now, why should he risk stealing?

Even if he does a total smash and grab and stop paying out completely, stealing 100% of mining power, he would only make as much BTC as would have made in a little over a month from a 3% fee. So why should he do that? And if he wants 4% or 5% why not just raise the fee? The average payout is still higher than multipool and hashcows as far as I can tell, even if he doubled the fee.

Before someone does a comparison to another pool over at least a week, and show a continuously higher payout from another pool, everyone should really stop trolling and accusing H2O of stealing.

I have gone my whole life without ever accusing anyone of stealing, and throwing such accusations around  so lightly, is really a character flaw that you should work on before it costs you more then a bad forum rating.

[soilworker]

Thanks H2O, everything is working stable for me right now, dont have any stales at the EU. Just wondering why i didnt get paid tonight, i had more than 0.01 btc, in fact im using the python backend tool for the statistic, so it shows always a higher earnings than the http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1PcFb6x9RgSDKVFVZCbmiPRajj1AYvfqRd.html

[willittobe]

The impulse to crack noob heads together grows strong within me.

Master Yoda... I feel the hate. Help me remember my training and resist the dark side.

But I so want to murderate newbies...

[PartsUnkown46]

Has anyone ever herd the proverb "you don't cut down a money tree" ?

...

full tilt poker was the 2nd biggest pokersite and was making a lot of money and still stole everything in the end

[Shaban]

Today's payout on 1400khash: 0.012 BTC
LTC comparative pay on 1400khash: 0.462 LTC * 0.0298 BTC/LTC = 0.0138 BTC

Looks like 13% for me. Also because of the fee (3%), it's more like 10% lower than Litecoin. Right?

Have you included the unexchanged and immature in "todays payout" from middlecoin?  If not the comparison with straight litecoin is not fair.

Also the 3% should be more like 4% as you need to add an exchange fee as well.

I thought about that, but you have to think that the unexchanged and immature payouts can be paid anytime within the next week...with LTC it would be a payout today, so comparing what LTC would payout today compared to what was paid out today on middlecoin, it was a really shitty day... You should never get paid less on middlecoin than what you would get on a straight LTC pool.


Also, my hashrate I away down right now, anyone else? I've been averaging around 6500khs these past few days and now I'm at 5300. I also tried using the northern va server since I'm in Virginia, but it didn't change my ping much. 97ms compared to 107 with middlecoin.com. I changed it back but still a lower hashrate.

[eric89]

From Australia I'm getting
Singapore: 222
USwest: 277

Interesting...my ping to singapore is around 150ms
Im located in Brisbane so if you're in either Melb or Syd im closer

Even more interesting!

I'm in Brisbane too