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

[mardilv]

To all those worried about the payouts... Once I add up my additional unexchanged along with what I'll already be paid, it looks like the value per MH/s will be just under 0.01BTC

Sure, it's not the profitability we had back in the middle of December, however, it's still something. Remember, if you hold your BTC and the value increases in the future, that 0.01 BTC you made may be a lot more than $8.30

That said, many of us are watching the performance closely, and I'm quite tempted once TradeMyBit implements Auto-BTC to do a 2 week or so 7.5MH/s vs 7.5MH/s comparison.

For me taking (paid out + est. unexchanged left) from whole last week gives about .0125 BTC per MHs a day.

[bal3wolf]

To all those worried about the payouts... Once I add up my additional unexchanged along with what I'll already be paid, it looks like the value per MH/s will be just under 0.01BTC

Sure, it's not the profitability we had back in the middle of December, however, it's still something. Remember, if you hold your BTC and the value increases in the future, that 0.01 BTC you made may be a lot more than $8.30

That said, many of us are watching the performance closely, and I'm quite tempted once TradeMyBit implements Auto-BTC to do a 2 week or so 7.5MH/s vs 7.5MH/s comparison.

And it's still better than the $6.14 we'd have made with LTC

lol yea i made 23.50 today, on ltc that would been around 14usd or less so it does give us profit just lower then it used to.

[daynomate]

wow... middlecoin making bank today =D atta' boy h2o!

haters, lel.... why are you still here??

[BombaUcigasa]

Hi everyone, long time lurker and only recently registered to post here.
So, I am a linux systems engineer/developer and sometimes I dabble in some hobby-projects for fun, this is one of those. Statistics and graphs are (believe it or not) fun. 

So if you mine on middlecoin and like to interpret graphs; take a look at http://middlestats.circlestorm.org/

In particular the 'change in wealth' graph should be interesting, and the total outstanding btc value graph should be nice to have (top graph, red+orange+green).
My goal has been to provide more insight into the fact that estimated value of unexchanged coins might not always correctly reflect the value after exchange, these graphs makes that part obvious. (Ex: See the Sat 02:00 drop in value when a whole lot of unexchanged coins were sold off at a lower-than expected price).

Mind you, this is a hobby project on a private server, do not expect too much
This site is still a work-in-progress, and it has limited potential given the input data, but it looks nice enough that I figure I might as well let people check it out and use it if they like it.

PS: A few of the graphs will get prediction graphs soon, I just need enough historical data to actually be able to predict something.

Have fun

Just one thing, can you make it so graphs continue using the last value on missing or zero data? The gaps are distracting

[falsealarm_bf]

<ugh> I know I am looking at this wrong, and/or there is some background process not apparent to me but I just had 0.27BTC unexchanged disappear without any change in exchanged total. Not sure if this was a remnant the database issues of earlier this morning but very very disappointing indeed.

[falsealarm_bf]

<ugh> I know I am looking at this wrong, and/or there is some background process not apparent to me but I just had 0.27BTC unexchanged disappear without any change in exchanged total. Not sure if this was a remnant the database issues of earlier this morning but very very disappointing indeed.

Well, hold on. Unexchanged back up to 0.11BTC after another refresh. Going crazy with these bugs/issues

[RickJamesBTC]

<ugh> I know I am looking at this wrong, and/or there is some background process not apparent to me but I just had 0.27BTC unexchanged disappear without any change in exchanged total. Not sure if this was a remnant the database issues of earlier this morning but very very disappointing indeed.

Well, hold on. Unexchanged back up to 0.11BTC after another refresh. Going crazy with these bugs/issues

How is that a bug? Unexchanged is an estimate. Stop staring at the screen every five minutes. Mine with it for a week, if you don't like the total result, move on.

[ellave]

<ugh> I know I am looking at this wrong, and/or there is some background process not apparent to me but I just had 0.27BTC unexchanged disappear without any change in exchanged total. Not sure if this was a remnant the database issues of earlier this morning but very very disappointing indeed.

Well, hold on. Unexchanged back up to 0.11BTC after another refresh. Going crazy with these bugs/issues

Just living up to your username I see 

[ugrash]

Hi everyone, long time lurker and only recently registered to post here.
So, I am a linux systems engineer/developer and sometimes I dabble in some hobby-projects for fun, this is one of those. Statistics and graphs are (believe it or not) fun. 

So if you mine on middlecoin and like to interpret graphs; take a look at http://middlestats.circlestorm.org/

In particular the 'change in wealth' graph should be interesting, and the total outstanding btc value graph should be nice to have (top graph, red+orange+green).
My goal has been to provide more insight into the fact that estimated value of unexchanged coins might not always correctly reflect the value after exchange, these graphs makes that part obvious. (Ex: See the Sat 02:00 drop in value when a whole lot of unexchanged coins were sold off at a lower-than expected price).

Mind you, this is a hobby project on a private server, do not expect too much
This site is still a work-in-progress, and it has limited potential given the input data, but it looks nice enough that I figure I might as well let people check it out and use it if they like it.

PS: A few of the graphs will get prediction graphs soon, I just need enough historical data to actually be able to predict something.

Have fun

I love RRDTool 

[falsealarm_bf]

<ugh> I know I am looking at this wrong, and/or there is some background process not apparent to me but I just had 0.27BTC unexchanged disappear without any change in exchanged total. Not sure if this was a remnant the database issues of earlier this morning but very very disappointing indeed.

Well, hold on. Unexchanged back up to 0.11BTC after another refresh. Going crazy with these bugs/issues

How is that a bug? Unexchanged is an estimate. Stop staring at the screen every five minutes. Mine with it for a week, if you don't like the total result, move on.

Please read what I posted first. I said with no movement on the exchanged side. Obviously I am aware that unexchanged is an estimate, but  you would expect to see correspond to something other than zero correct. In any case, it's back up to 0.11 which makes more sense and aligns with this evening's earlier payment more or less.

[ButterBread]

To all those worried about the payouts... Once I add up my additional unexchanged along with what I'll already be paid, it looks like the value per MH/s will be just under 0.01BTC

Today's value of your unexchanged doesn't mean much though, the conversion rate at the moment of exchange can be significantly different and result in less (or more) btc. For example a couple of days ago, a big piece of blue was converted to red for only +-70% of its stated value.

[phzi]

To all those worried about the payouts... Once I add up my additional unexchanged along with what I'll already be paid, it looks like the value per MH/s will be just under 0.01BTC

Today's value of your unexchanged doesn't mean much though, the conversion rate at the moment of exchange can be significantly different and result in less (or more) btc. For example a couple of days ago, a big piece of blue was converted to red for only +-70% of its stated value.

Meh, just as often it ends up being worth more.  It tends to average out over time.

[ButterBread]

Well looks like the Boss is giving the site a makeover, updated Twitter feeds & doesn't automatically load all the addresses.

As a result, the links to automatically scroll to your own wallet address :

http://middlecoin.com/#your_wallet_address

no longer work

The new links are as follows :

http://middlecoin.com/allusers.html#your_wallet_address

[ButterBread]

Today's value of your unexchanged doesn't mean much though, the conversion rate at the moment of exchange can be significantly different and result in less (or more) btc. For example a couple of days ago, a big piece of blue was converted to red for only +-70% of its stated value.

Meh, just as often it ends up being worth more.  It tends to average out over time.

True, it might grow/shrink purely based on changing market value (although it would be hard to derive that from just the graph, with any kind of certainty). So it can go either way and probably average out over time.

However, the 70% thingy would never go the other way I think. Normally the decrease in blue is just about the same as the increase in red at a given point in time. A couple of days ago, the red increase was significantly less than the blue decrease. I.e. the unexchanged was exchanged for a lot less than its stated market price (seen one pixel to the left).

For it to ever be the other way around, a buyer would need to take the unexchanged for more than market price. They say a fool and his money are easily parted, but I don't think this particular scenario is going to happen

[Quacko]

Tbh, my payouts aren't all that bad. Sure it's not comparable to early December, but yesterday was ok. And today looks promising rly.
Now that H2O has his Twitter set up, he is giving a lot more status updates. Very nice indeed :-).

Hopefully some of the complainers leave and the hashrate of the pool goes down so we can mine smaller coin more easily so overall profits go up more.
Anyways, I am happy so far (been mining here a month).

[BobNash]

captain obvious on
if u have time u can choose more profitable coins by urself => more profit
captain obvious off

mining here is NOT the most profitable, but the easiest (until u get more than mining LTC.. u should not cry)

little switching pools have adventages by their size (til few hundred MHs), cos they can farm very low difficulty coins and make more profit
the problem is: more profit => more ppl join => less mineable coin => less profitability
+ lil coins have lil market (lil supply) => high demand ruining prices rly fast
+ lil coins simply die between 2 swithing pool actions => making it less and less valuable (transactions stop when jumpers go away)


here are some alternative:
http://us.trademybit.com/
http://switchercoin.com/
https://hashco.ws
http://www.tompool.org/
https://www.multipool.us/
http://wafflepool.com/

http://poolwarz.com/ (w8ing for start)
http://www.alternatepool.com/ (0 user)

every pool calculating profitability different way.. and tbh i dont like most of them (getting lowest sell price from crypsy and calculating profitability with it is simply wrong... etc)
+sometimes i dont know why they mining 1-1 coin (there is like 0 supply.. or calculated profitability with wrong/outdated datas)


2nd
ppls who wanna compare pools efficiency.. u should compare them at same time/period or u'll get false numbers (like compare december numbers with today ones)

3rd
crybabies made a river cos the profit decreased last few day... did any of them following altcoins price? or just crying cos that easy?
when BTC went up $1000 again, almost all altcoin "lost" like 30-40% value (they worth ~same amount in $, but they /BTC value decreased 30-40% cos BTC value) == we get less BTC
...


+1
thx for ur work H20!

[Forexperiments]

[Dead2]

Nice man! One feature you could add is a GMT time offset? i.e. timezone=10

I will be looking into that, thanks for the suggestion.

Just one thing, can you make it so graphs continue using the last value on missing or zero data? The gaps are distracting

The upper graph does this already since these values are very unlikely to have huge changes during an intermittent outage.
The 'change in wealth' and 'hashrate' graphs do not, mainly because this would be lying and also would not give nice results when prediction is turned on.
The gaps also lets us know that stats were not properly collected for that period of time, whatever the cause may be (could be my server crashed for 4 hours, better show a gap than a lie about it and claim everything went smooth (too smooth in fact).

I appreciate your suggestion though, it just so happens I have already considered this myself

I love RRDTool 

Me to, it is often the right tool for the job. Although I really wish it was extent-based.

[CaptainBeck]

What if tealeaf is H20 and has realised that if he reduces the user by a set ammount he can massively reduce his system requirements and in return make more profit again??

What if this is all just a dream?

[duz]

If anyone is interested, I have been tracking my payments, averaging the last 3 payouts per day, and working out the rough btc/hour values..

https://i.imgur.com/CyJRDQg.png

Top value can be ignored, that computer goes up and down as it's used for things other than mining so the average will be lower