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

[flound1129]

Good luck man!  Multi-coin sites are going to be the way of the future, so I knew this would happen eventually.  I look forward to copying your good ideas as well!

[1713924315]

1713924315

[San1ty]

My bad, nevermind!

[CoinBuzz]

good idea.

but the website needs to have more details to attract trust from users.

also a better web design. maybe a free simple template.

[reb0rn21]

I don`t need fancy site, to see whats mined, i just need profit

Also less rejects, more backup servers (EU?), is all i need

[Hydroponica]

Feeling a little dumb here, but 3m BTC would be 0.03 BTC???
Oh, and I like this idea, trying it out with 1.1 MH/s

[CoinBuzz]

I don`t need fancy site, to see whats mined, i just need profit

Also less rejects, more backup servers (EU?), is all i need

I didnt mean that, none of us need fancy site, but more details is better always.

I just suggested a free template to look it better.

[jdebunt]

Feeling a little dumb here, but 3m BTC would be 0.03 BTC???
Oh, and I like this idea, trying it out with 1.1 MH/s

3 mBTC = 0.003 BTC

[TierNolan]

If systems like this cause an alt-coin to lose hashing, then you might have difficulty cashing out.    Ideally, you would cash out and then mine a few blocks so that transaction goes through.

That assumes that your pool is a significant portion of the total hash for a coin.

[pavimus]

may be a good decision will be publish past day mining report each evening, so users will get details, bad guys will get stale info :-)

[pavimus]

I seem to be making significantly less than when I was just mining LTC. You definitely need transparency here..
I'll stick with you for a bit longer to see how it goes .. also I'm pushing a constant 12 MHS at you but it constantly says 9.x - 10 on your site, is that an issue on your side or mine?

i have smaller payouts too. developer reported that he had bug in accepting megacoin and bottlecap blocks, so we was not payed for mining them. hope we will not see such bugs again.

[ocmoho]

I seem to be making significantly less than when I was just mining LTC. You definitely need transparency here..
I'll stick with you for a bit longer to see how it goes .. also I'm pushing a constant 12 MHS at you but it constantly says 9.x - 10 on your site, is that an issue on your side or mine?

same.
if it doesnt get better im going back to straight ltc.
also would like more than a once-a-day payout.

[entropico]

I seem to be making significantly less than when I was just mining LTC. You definitely need transparency here..
I'll stick with you for a bit longer to see how it goes .. also I'm pushing a constant 12 MHS at you but it constantly says 9.x - 10 on your site, is that an issue on your side or mine?

same.
if it doesnt get better im going back to straight ltc.
also would like more than a once-a-day payout.

I would not be mining LTC at this day and age. Mining any other of the alts would yield you more. Even if you like Litecoin for speculation purposes, you are better off mining some other alt via either middlecoin or multipool and converting it to LTC. (or XPM . . . .)

[kobaya74]

I make around 9-10 LTC per day with 6900khs. Tried pool with 2300mhs (as stated above) and I am nowhere near making 3 LTC per day. Till some impovement have to stay on manual course (yes, I switch coins manually, multiminer etc bugs big time losing my money). Hope your idea shall survive, I would pay 5% fee for pool like this. Even 7% would be fair, if reward would be proportional.

[h2odysee]

also I'm pushing a constant 12 MHS at you but it constantly says 9.x - 10 on your site, is that an issue on your side or mine?

My site reports the hashrate obtained from only accepted blocks. But I wouldn't imagine your rejected rate is high enough to cause that.

On my miner, I get 1.4-1.5 MH/s as reported in cgminer, but my site is reporting me at 1.3-1.4. This tends to happen on any pool I go to. The pools report me at around 10% less hashrate than cgminer.

Maybe when cgminer detects a new block from the network, it takes a second to send the new info to the GPU, and anything produced by the GPU in the meantime is wasted. The higher block rate coins would affect this more, and my pool tends to mine those coins. But I'm really not sure. If this is an issue, I might need to include it in my profitability calculation somehow.

Does this happen to you at other pools? Do those pools mine high block rate coins?

[h2odysee]

Sorry everyone for the low profitability recently. It's because of the CAP and MEC bugs I mentioned. CAP is fixed, and MEC is disabled for now (working on a fix today). I should have seen it during the beta

As for transparency, the reason to do so would be to:

- Prove that I have a correct profitability calculator, and that I'm doing things correctly such as trading efficiently

This is pretty important. But on the other hand, you could also just look at the reported numbers (or yourself and other users) to see actual profitability, and compare it to other methods. (Note to self: Add a Last Day Profit per Hash column)

- Prove that I'm not cheating

This wouldn't really prove that, because there are tons of ways for a pool operator to cheat which are undetectable.


I'm still thinking about it.

[GSnak]

I think you should do like previously suggested and add a prior day audit. This would give people the information they're looking for while decreasing the ability to manipulate the market if it were live. Knowing the BTC earned per day would eliminate complaints due to possible errors in math.

Also, remove high bit rate coins completely until the pool hash goes up dramatically. There's no point in mining LTC for 40 minutes until another coin surpasses it if it takes 12 hours to find a block, unless you're paying PPS.

And change units to BTC. No one uses mBTC.

[CoinBuzz]

can we mine with CPU on your pool ?

[h2odysee]

can we mine with CPU on your pool ?

Sure, but I wouldn't recommend it. You'd lose more money in power costs than you'd make in bitcoins. If you want to mine with your CPU, you should check out PrimeCoin.

[lightsofray]

also I'm pushing a constant 12 MHS at you but it constantly says 9.x - 10 on your site, is that an issue on your side or mine?

My site reports the hashrate obtained from only accepted blocks. But I wouldn't imagine your rejected rate is high enough to cause that.

On my miner, I get 1.4-1.5 MH/s as reported in cgminer, but my site is reporting me at 1.3-1.4. This tends to happen on any pool I go to. The pools report me at around 10% less hashrate than cgminer.

Maybe when cgminer detects a new block from the network, it takes a second to send the new info to the GPU, and anything produced by the GPU in the meantime is wasted. The higher block rate coins would affect this more, and my pool tends to mine those coins. But I'm really not sure. If this is an issue, I might need to include it in my profitability calculation somehow.

Does this happen to you at other pools? Do those pools mine high block rate coins?

I wish I could help but no, I only mine LTC, FTC & XPM and never had this issue with them

[h2odysee]

Also, remove high bit rate coins completely until the pool hash goes up dramatically. There's no point in mining LTC for 40 minutes until another coin surpasses it if it takes 12 hours to find a block, unless you're paying PPS.

And change units to BTC. No one uses mBTC.

It's easier for me to read mBTC, since I don't have to count zeros. Anyone else prefer BTC to mBTC?

I have LTC FTC and NVC disabled because like you say, they are too difficult for the pool hashrate currently. I may at some point proxy another pool for these. They haven't been the most profitable coin for a while though.