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

[ranlo]

We're now trading on btc-e.

Does this mean you're taking the higher value between BTC-E and Vircurex and selling on the highest platform?

No. I'm only doing cryptsy and btc-e right now. And I'm not yet taking the higher of the two. NVC LTC and FTC on btc-e, everything else is on cryptsy.

Ugh, meant cryptsy, lol. For some reason I typed vircurex.

Anyways, got ya! Thanks, .

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[bitcoinreactor]

please, keep bringing new sites similar to this one, so at the end, all altcoins are left dead with no miners, except the last one indicated by those sites

[mueslo]

please, keep bringing new sites similar to this one, so at the end, all altcoins are left dead with no miners, except the last one indicated by those sites

The inevitable will happen. Why delay it artificially? 

[peonminer]

Is middlecoin.com a p2pool platform?

[dddbtc]

I've got 120GH/s worth of ASICs on order. I've been debating selling my three Sapphire HD7950's to a friend for $600 cash.  Now that I found about middlecoin, I'm not so sure about that offer. I'm going to mine on this pool for a week and decide if GPU mining is still worth it to me or not.  I was using multipool.in but trading altcoins on cryptsy isn't compatible with my busy working lifestyle.  This is a valuable service you are providing.  I hope whoever you're financing this with profits as well as you and your software engineer.  It is a very good concept and much easier to configure/maintain than running an instance of cryptoswitcher.

Would be very interested in having a conversation about how all this works technically and your business concept in general.  But I'll let trade secrets be trade secrets 

Nice Job!

[MrJay]

I've just been talking to a fairly large pool operator regarding diff.  He mentioned with a constant diff that high, you will get a higher amount of stales.  On faster block coins a 64 diff is preferred.

I know you have a long list of things to do, but having vardiff enabled might possibly make more money for everyone.  Would be interesting to see some proper test results.

[dddbtc]

Ever thought of making a SHA256 based pool with the same concept as middlecoin?

Switch Option 1:

BTC/DVC/IXC/NMC merged mining

Switch Option 2:

Terracoin

Switch Option 3:

PPCoin

Switch Option 4?:

Bytecoin

Switch Option 5?:

Freicoin

I bet it'd draw a lot of traffic and put a lot of money in your pocket from everyone with ASICs

[peonminer]

Ever thought of making a SHA256 based pool with the same concept as middlecoin?

Switch Option 1:

BTC/DVC/IXC/NMC merged mining

Switch Option 2:

Terracoin

Switch Option 3:

PPCoin

Switch Option 4?:

Bytecoin

Switch Option 5?:

Freicoin

I bet it'd draw a lot of traffic and put a lot of money in your pocket from everyone with ASICs

Love  the idea!!!!

[h2odysee]

Is middlecoin.com a p2pool platform?

No.

[h2odysee]

Ever thought of making a SHA256 based pool with the same concept as middlecoin?

Yeah, that is a good idea. multipool.in has plans for doing it, I believe.

[h2odysee]

I've got 120GH/s worth of ASICs on order. I've been debating selling my three Sapphire HD7950's to a friend for $600 cash.  Now that I found about middlecoin, I'm not so sure about that offer. I'm going to mine on this pool for a week and decide if GPU mining is still worth it to me or not.  I was using multipool.in but trading altcoins on cryptsy isn't compatible with my busy working lifestyle.  This is a valuable service you are providing.  I hope whoever you're financing this with profits as well as you and your software engineer.  It is a very good concept and much easier to configure/maintain than running an instance of cryptoswitcher.

Would be very interested in having a conversation about how all this works technically and your business concept in general.  But I'll let trade secrets be trade secrets  

Nice Job!

There really aren't any technical secrets, aside from the auto-trading algorithm.

And it's just me. There is no software engineer aside from me.

Thanks for the encouragement. It's great to see people get use out of it, and not have to fiddle with wallets, pools, and exchanges.

[sal002]

Ever thought of making a SHA256 based pool with the same concept as middlecoin?

Switch Option 1:

BTC/DVC/IXC/NMC merged mining

Switch Option 2:

Terracoin

Switch Option 3:

PPCoin

Switch Option 4?:

Bytecoin

Switch Option 5?:

Freicoin

I bet it'd draw a lot of traffic and put a lot of money in your pocket from everyone with ASICs

Perhaps - though profitability on SHA256 has almost always been with Bitcoin plus merged mining (with small exceptions for PPCoin and minor times the crazy Terracoin has ranked up there). 

[sal002]

We're now trading on btc-e.

Does this mean you're taking the higher value between BTC-E and Vircurex and selling on the highest platform?

No. I'm only doing cryptsy and btc-e right now. And I'm not yet taking the higher of the two. NVC LTC and FTC on btc-e, everything else is on cryptsy.

Perhaps the depth isn't there, but you should look at Coins-E too - I found the API pretty easy to use. 

[Jriker1]

Dumb comment. Why was the pool called middlecoin?  Shouldn't it be middlepool?  This isn't a coin. Sounds like another crypto currency not a pool

JR

[h2odysee]

Dumb comment. Why was the pool called middlecoin?  Shouldn't it be middlepool?  This isn't a coin. Sounds like another crypto currency not a pool

JR

Yeah.

I got the domain name at first to work on a hedge fund / uber-wallet I guess you could call it. It would distribute its investments in altcoins in such a way as to reduce variance. And you could use it to pay anyone in any supported altcoin, or receive payment in any altcoin. You would have, say, 10 middlecoins, which are in the middle of all the altcoins.

Then I decided it was a bad idea. I couldn't think of who would really use it.

[JohnyBigs]

Ever thought of making a SHA256 based pool with the same concept as middlecoin?

Switch Option 1:

BTC/DVC/IXC/NMC merged mining

Switch Option 2:

Terracoin

Switch Option 3:

PPCoin

Switch Option 4?:

Bytecoin

Switch Option 5?:

Freicoin

I bet it'd draw a lot of traffic and put a lot of money in your pocket from everyone with ASICs

i thought about this also, but dismissed the idea after you realize bitcoin is 99% the most profitable SHA256 Coin. Maybe if we get more sha256 alt coins it can become something like scrypt mining until then, there is no use.

[JohnyBigs]

Love your pool though H20 if the alt sha256 do start coming out with more profitability than bitcoin def. make another pool for sha merged mining + profit switching.

You would have to calculate if the new profitable coin is more profitable than the merged mining.

Anyway awesome work, to bad I'm getting an ASIC and getting rid of my GPU's I'm really going to miss this pool haha! Also, the stats page has this visually addicting look to it, to see your earned income hehe.

Good Work! and hope in the future to see a merged mining pool at least with the same auto payment structure for SHA.

[GSnak]

I've got 120GH/s worth of ASICs on order.

Don't we all.

[markm]

Why such a limited merge for merged mining? If you are gonna merge, picking just such a minority of the merged coins seems kind of short sighted.

Didn't anyone learn anything from BBQcoin's story?

(There was more profit in the one core left mining BBQcoin in background all year than all the other mining that year, for small miners. How many GPUs you'd've needed in order for your GPUs to rake in as much that year as that one CPU core I am not sure but just like merged mining one spare CPU core is not a huge cost to incurr for a year to rake in a huge windfall when the "sleeper" coin comes back into fashion... Of all the merged coins who would have thought that I0Coin would be the first one to upgrade to recent Bitcoin code? How will that reflect in I0Coin's hashrates, adoption, its getting back into merged mining pools, back into exchanges and so on?)

-MarkM-

[Jriker1]

Hope this helps people.  Requires Safari and I think Chrome has a version now, but took the original poster here's GreaseMonkey script concept to the next level.  This will return just the header and your bitcoin address on the webpage.  Just replace <enter your bitcoin address here> with your own address between the quotes.

Code:

// ==UserScript==
// @name        Middlecoin
// @namespace   middlecoin
// @include     http://middlecoin.com/
// @include     http://www.middlecoin.com/
// @version     1
// @grant       none
// ==/UserScript==

var username = '<enter your bitcoin address here>';

    // get all rows excluding the first one and the one with your username
var rows = document.evaluate('//table/tbody/tr[position()>1 and not(contains(., "' + username + '"))]', document, null, 6, null), i;

for (i = 0; i < rows.snapshotLength; i += 1) {
    // hide all of them
    rows.snapshotItem(i).style.display = 'none';
}

Note can't take full credit for this.  Had some outside forum help. 

JR

Donations (bitcoin): 1femMHdaxT7sfKquECtCoJTcVwL6aBwHs