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

[caution]

As for the weak payouts on middlecoin, I bet you guys were mining on the wrong kittehcoin fork and h2o didn't catch it almost all day. Lots of pools had a big orphan stretch because of the fork.

that would explain my disaster of a day (first time not making payout with 3 Mh's), made more mining smartcoin with only a third of the hashing power lol

[DrunkenDonkey]

I do hope H20 has implemented MAXCOIN as the profitability is damn good

He can't, it is using customized miner, unless he opens a server special for it.

[jedimstr]

Out of all the other multi-scrypt coin most-profit pools out there other than Middlecoin, there are only three I've seen with the possibility of competing long term (the key here is LONG TERM).

1. HashCows - if they can get their pool back up to the rates and power they had before the hack, they're in contention.  Right now they're woefully underpowered (my sentiments and assessment of their current state of affairs have been agreed to by their admins Atriz and NearMiss).
2. Wafflepool - I've evaluated them 3 times, and each time it totally underperformed MC over the course of a week.  They rely heavily on autotrading, so they'll need to get their hands dirty with manual trading if they hope to compete.  Still, they have a good infrastructure and site setup so far.
3. ScryptGuild - Eleuthuria of BTCGuild has this as a new pet project and it's currently in Alpha with partial features.  He's planning on a public beta soon.  He will eventually have auto-trade and conversion to BTC, but this is not active yet.  Right now it's more like Multi-pool, but it will eventually resemble Hashcows in capability (options to either keep coins or trade to BTC) with the added capability to keep mining your specific controlled set of coins or let it Auto-jump to most profitable (like MC and Hashcows now).  I haven't seen this one talked much about here, but it has one of the biggest BTC Pool masterminds behind it and as such will probably have the strongest backend infrastructure which will be shared with the huge and powerful BTCGuild.  One to watch.

I'll be keeping an eye on all of these, and other smaller pools mentioned here, but for now Middlecoin is still the most profitable I've seen.

[FrankieSaysRelax]

Out of all the other multi-scrypt coin most-profit pools out there other than Middlecoin, there are only three I've seen with the possibility of competing long term (the key here is LONG TERM).

1. HashCows - if they can get their pool back up to the rates and power they had before the hack, they're in contention.  Right now they're woefully underpowered (my sentiments and assessment of their current state of affairs have been agreed to by their admins Atriz and NearMiss).
2. Wafflepool - I've evaluated them 3 times, and each time it totally underperformed MC over the course of a week.  They rely heavily on autotrading, so they'll need to get their hands dirty with manual trading if they hope to compete.  Still, they have a good infrastructure and site setup so far.
3. ScryptGuild - Eleuthuria of BTCGuild has this as a new pet project and it's currently in Alpha with partial features.  He's planning on a public beta soon.  He will eventually have auto-trade and conversion to BTC, but this is not active yet.  Right now it's more like Multi-pool, but it will eventually resemble Hashcows in capability (options to either keep coins or trade to BTC) with the added capability to keep mining your specific controlled set of coins or let it Auto-jump to most profitable (like MC and Hashcows now).  I haven't seen this one talked much about here, but it has one of the biggest BTC Pool masterminds behind it and as such will probably have the strongest backend infrastructure which will be shared with the huge and powerful BTCGuild.  One to watch.

I'll be keeping an eye on all of these, and other smaller pools mentioned here, but for now Middlecoin is still the most profitable I've seen.

There is also clevermining.com

[SimonG]

hahahaha

So despite my advise to leave this shitty scam pool people are still here mining directly to h20's pocket.

Just look at all your unexchanged coins h20 is skimming through exchanges every day without you giving a shit.

His last post in this forum was on January 19, 2014. Almost a month since now, how the fuck you you trust this scammer?

[kalus]

i'm not sure what you said, simong, becuase you're ignored, but it's good to know some things haven't changed.  

if this site was irrelevant, you wouldn't bother.  

[jedimstr]

Out of all the other multi-scrypt coin most-profit pools out there other than Middlecoin, there are only three I've seen with the possibility of competing long term (the key here is LONG TERM).

1. HashCows - if they can get their pool back up to the rates and power they had before the hack, they're in contention.  Right now they're woefully underpowered (my sentiments and assessment of their current state of affairs have been agreed to by their admins Atriz and NearMiss).
2. Wafflepool - I've evaluated them 3 times, and each time it totally underperformed MC over the course of a week.  They rely heavily on autotrading, so they'll need to get their hands dirty with manual trading if they hope to compete.  Still, they have a good infrastructure and site setup so far.
3. ScryptGuild - Eleuthuria of BTCGuild has this as a new pet project and it's currently in Alpha with partial features.  He's planning on a public beta soon.  He will eventually have auto-trade and conversion to BTC, but this is not active yet.  Right now it's more like Multi-pool, but it will eventually resemble Hashcows in capability (options to either keep coins or trade to BTC) with the added capability to keep mining your specific controlled set of coins or let it Auto-jump to most profitable (like MC and Hashcows now).  I haven't seen this one talked much about here, but it has one of the biggest BTC Pool masterminds behind it and as such will probably have the strongest backend infrastructure which will be shared with the huge and powerful BTCGuild.  One to watch.

I'll be keeping an eye on all of these, and other smaller pools mentioned here, but for now Middlecoin is still the most profitable I've seen.

There is also clevermining.com

Yeah I haven't evaluated them and they're brand spanking new, so didn't want to render an unqualified opinion on them yet.  We'll see how they do long term.

[jedimstr]

Hmmm... SimonG is posting here again... where's tealover?

Scamming from SimonG ("Middlecoin is a scam, so come pay me some BTC so you can join my super-secret 50x profit private pool...that does't exist")
and
Threats of Blackmail, DOXing, and Extortion from tealover.

Shit always comes in pairs...
 (seriously... look back at the entire history of this thread... tealover and SimonG always post in the same batches of time... *queue conspiracy theory*)

[zneww]

Hmmm... SimonG is posting here again... where's tealover?

Scamming from SimonG ("Middlecoin is a scam, so come pay me some BTC so you can join my super-secret 50x profit private pool...that does't exist")
and
Threats of Blackmail, DOXing, and Extortion from tealover.

Shit always comes in pairs...
 (seriously... look back at the entire history of this thread... tealover and SimonG always post in the same batches of time... *queue conspiracy theory*)

[fcmatt]

Stats frozen again?

[Tripjammer]

Unless the stats are still screwed, yesterday was still a loss. My first bad day on this pool. Hopefully h2o gets these bugs fixed. Our payouts should be double the normal value tonight!

[SimonG]

Stats frozen again?

This is just another way for h20 to steal yoru money buy temporary freezing stats to make you not notice.

[smoovie]

The high unexchanged is fairly common. People ask about it every week.

I've been on Middlecoin continuous since last summer, and beta tested them with another address earlier in 2013.  Others pools have popped up on occasion and I've tried most of them.  Only Hashcows came close to matching Middlecoin's rate of payout averaged over a long span of time, but they haven't been the same since their holiday hack.

None of the other pools have Middlecoin's primary strength: H20dyssey's ability to sell coins when no one else can at a price no one can match.  He manually trades like a hedgefund manager instead of just relying on Autotrade. High unexchanged is an artifact of this.

Biggest example was during the Doge craze during the winter holidays.  He jumped on Doge 4 days before any other pool did, then waited to sell until Cryptsy locked up with Doge exchange issues.   Hashcows and direct Doge miners couldn't sell on their favored exchange.  People were clamoring to buy but couldn't.   H20 sold and we made a killing.  That's what your 3.88% or so fee goes to.   Well worth it.  

So don't worry about these high unexchanged values.  I love it when they get high, because at the end of the day, we get a bigger payout than if we just autosold everything like all the other multi pools out there during a market downtrend.

BTW- this isn't even close to the highest unexchanged values we've seen.

Just out of curiosity, but how do you know he was mining Doge 4 days before any other pool did. How do you know any of the coins middlepool mines. Still haven't been able to figure it out myself.

p.s. Welcome back SimonG

[vm_mpn]

Jed, have you evaluated WeMineAll.com ? It's open Beta right now so it's fairly new pool but it's from folks who run WeMineLTC so it's something to watch as well.

[fcmatt]

Jed, have you evaluated WeMineAll.com ? It's open Beta right now so it's fairly new pool but it's from folks who run WeMineLTC so it's something to watch as well.

Eventually there are going to be so many alt switching pools that it will mean lower payouts for all involved and one might as well mine ltc directly as that is pretty much what everyone aims to soundly beat.

[FrankieSaysRelax]

Unless the stats are still screwed, yesterday was still a loss. My first bad day on this pool. Hopefully h2o gets these bugs fixed. Our payouts should be double the normal value tonight!

Yesterday was horrible but it looks like h20 is importing some trades right now so we'll see what happens once the stats are updated.

[g0re79]

Out of all the other multi-scrypt coin most-profit pools out there other than Middlecoin, there are only three I've seen with the possibility of competing long term (the key here is LONG TERM).

1. HashCows - if they can get their pool back up to the rates and power they had before the hack, they're in contention.  Right now they're woefully underpowered (my sentiments and assessment of their current state of affairs have been agreed to by their admins Atriz and NearMiss).
2. Wafflepool - I've evaluated them 3 times, and each time it totally underperformed MC over the course of a week.  They rely heavily on autotrading, so they'll need to get their hands dirty with manual trading if they hope to compete.  Still, they have a good infrastructure and site setup so far.
3. ScryptGuild - Eleuthuria of BTCGuild has this as a new pet project and it's currently in Alpha with partial features.  He's planning on a public beta soon.  He will eventually have auto-trade and conversion to BTC, but this is not active yet.  Right now it's more like Multi-pool, but it will eventually resemble Hashcows in capability (options to either keep coins or trade to BTC) with the added capability to keep mining your specific controlled set of coins or let it Auto-jump to most profitable (like MC and Hashcows now).  I haven't seen this one talked much about here, but it has one of the biggest BTC Pool masterminds behind it and as such will probably have the strongest backend infrastructure which will be shared with the huge and powerful BTCGuild.  One to watch.

I'll be keeping an eye on all of these, and other smaller pools mentioned here, but for now Middlecoin is still the most profitable I've seen.

There is also clevermining.com

Yeah I haven't evaluated them and they're brand spanking new, so didn't want to render an unqualified opinion on them yet.  We'll see how they do long term.

And also trademybit.com - I split my hashpower between MC and trademybit for last two weeks and reslts are quite similar in long term (to be honest most multipools mine DOGE most of the time, so no surprise). But above all, TMB have a fancy web, bit confusing stats and nice graphs 

[jedimstr]

The high unexchanged is fairly common. People ask about it every week.

I've been on Middlecoin continuous since last summer, and beta tested them with another address earlier in 2013.  Others pools have popped up on occasion and I've tried most of them.  Only Hashcows came close to matching Middlecoin's rate of payout averaged over a long span of time, but they haven't been the same since their holiday hack.

None of the other pools have Middlecoin's primary strength: H20dyssey's ability to sell coins when no one else can at a price no one can match.  He manually trades like a hedgefund manager instead of just relying on Autotrade. High unexchanged is an artifact of this.

Biggest example was during the Doge craze during the winter holidays.  He jumped on Doge 4 days before any other pool did, then waited to sell until Cryptsy locked up with Doge exchange issues.   Hashcows and direct Doge miners couldn't sell on their favored exchange.  People were clamoring to buy but couldn't.   H20 sold and we made a killing.  That's what your 3.88% or so fee goes to.   Well worth it. 

So don't worry about these high unexchanged values.  I love it when they get high, because at the end of the day, we get a bigger payout than if we just autosold everything like all the other multi pools out there during a market downtrend.

BTW- this isn't even close to the highest unexchanged values we've seen.

Just out of curiosity, but how do you know he was mining Doge 4 days before any other pool did. How do you know any of the coins middlepool mines. Still haven't been able to figure it out myself.

p.s. Welcome back SimonG

Because I split mined between both Hashcows and Middlecoin at the time.   Second day in with Doge on MC and I saw no movement from Hashcows even though I started seeing the numbers move on up so I moved all my hashpower to 100% MC.  Two days after that, and hype caught up on Reddit and BitcoinTalk and Hashcows finally jumped on board the Doge train.  Then Cryptsy started having trade problems, and we made outstanding BTC profits here while everyone else were beholden to Cryptsy.

We knew what coins Middlecoin mined based on the network diff. People here track that sort of thing.

So how do I know? Experience. 

[jedimstr]

Out of all the other multi-scrypt coin most-profit pools out there other than Middlecoin, there are only three I've seen with the possibility of competing long term (the key here is LONG TERM).

1. HashCows - if they can get their pool back up to the rates and power they had before the hack, they're in contention.  Right now they're woefully underpowered (my sentiments and assessment of their current state of affairs have been agreed to by their admins Atriz and NearMiss).
2. Wafflepool - I've evaluated them 3 times, and each time it totally underperformed MC over the course of a week.  They rely heavily on autotrading, so they'll need to get their hands dirty with manual trading if they hope to compete.  Still, they have a good infrastructure and site setup so far.
3. ScryptGuild - Eleuthuria of BTCGuild has this as a new pet project and it's currently in Alpha with partial features.  He's planning on a public beta soon.  He will eventually have auto-trade and conversion to BTC, but this is not active yet.  Right now it's more like Multi-pool, but it will eventually resemble Hashcows in capability (options to either keep coins or trade to BTC) with the added capability to keep mining your specific controlled set of coins or let it Auto-jump to most profitable (like MC and Hashcows now).  I haven't seen this one talked much about here, but it has one of the biggest BTC Pool masterminds behind it and as such will probably have the strongest backend infrastructure which will be shared with the huge and powerful BTCGuild.  One to watch.

I'll be keeping an eye on all of these, and other smaller pools mentioned here, but for now Middlecoin is still the most profitable I've seen.

There is also clevermining.com

Yeah I haven't evaluated them and they're brand spanking new, so didn't want to render an unqualified opinion on them yet.  We'll see how they do long term.

And also trademybit.com - I split my hashpower between MC and trademybit for last two weeks and reslts are quite similar in long term (to be honest most multipools mine DOGE most of the time, so no surprise). But above all, TMB have a fancy web, bit confusing stats and nice graphs 

I've heard a lot about both clevermining and trademybit.  We'll see how well they do.  I won't be able to evaluate for a few weeks (been focused on RL stuff and Bitcoin p2pool mining lately), but interested in how you guys do after a few weeks. 

[ckoeber]

Eventually there are going to be so many alt switching pools that it will mean lower payouts for all involved and one might as well mine ltc directly as that is pretty much what everyone aims to soundly beat.

Hmmm, then it will come down to the switching algorithms themselves; how fast do you switch from coin to coin and how you execute your trades.