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

[exokk]

ta but I have 2 pools in there for backup, doubt that the other pool is causing the issue.

well it seems it was indeed a display issue as u have 1.2 mhps right now or did you changed anything?

I'm slightly worried, because in the last few weeks I've been mining I haven't cashed out my earnings. I've made about 0.175 BTC in nearly three weeks, which first translated into roughly 175 EUR and now into 55 EUR. I've used just over 1 EUR in electricity per day extra because of my mining activity, so I haven't made a loss, but the way BTC is going down, that won't be the case for much longer. I'm saving on gas costs though, because I don't need to turn up the heating as much! (Not kidding!) Still have to take that into account.

Alt-coins will still be more profitable than BTC, but they are connected to BTC in some way and they'll go down with it. We're not protected from this current drop because we're mining alt-coins, as far as I can tell.

Yeah I like it to have a warm room in these cold days ;= So I just have 2 gpus in my sleeping room - and it heats it up to 27°C without additional heating thats wonderful

Well as long as I would know it gets up again to roughly 1000$ thats ok. Im not in a hussle to cash out. I could easily wait 2 years for that. But only as long as I would know ;-)

@ phrozenspite: most likely you are right. hopefully But we have to take into account that restrictions made by governments (like the chinese one right now) can hit (all) coins badly.

[kileris]

The new EU pool is working a treat for me. Cut my Reject rate down from around 8-10% to just 2%.

Does anyone know if that's because I'm actually from Europe? ie the server is closer to me, compared to the US server?

Or could it just be that the current coin has changed?

same, eu pool for eu people is pretty great i think

[phaddie]

The new EU pool is working a treat for me. Cut my Reject rate down from around 8-10% to just 2%.

Does anyone know if that's because I'm actually from Europe? ie the server is closer to me, compared to the US server?

Or could it just be that the current coin has changed?

  Yeah my rejection rate is WAY down.  The website is reporting 0 rejected Mh/s for me now and cgminer is showing less than 1% and I am in Canada.

   

[envy2010]

I'm in the US but mining one card on the EU server. It has a higher ping but the same reject rate (about 5%) so far.

I have not had any disconnection problems from either server, and all my shares are showing up on the main website. Looks like everything is working right now.

[foodies123]

I hope to god we're mining doge )
hascows has been mining it for 11 hours and has made about 30 mil coins that's about 16.5 ltc atm and they're still going

[pallas]

I hope to god we're mining doge )
hascows has been mining it for 11 hours and has made about 30 mil coins that's about 16.5 ltc atm and they're still going

will they be able to sell all those coins?

[foodies123]

I hope to god we're mining doge )
hascows has been mining it for 11 hours and has made about 30 mil coins that's about 16.5 ltc atm and they're still going

will they be able to sell all those coins?

well if h2o was able why wouldn't they be ? )

[envy2010]

Coinedup is the only DOGE exchange, and the market is not very liquid. If anyone knows exactly how h2o got rid of almost 200 BTC worth of DOGE, they aren't telling.

[exokk]

if you ask me -- I really don't care what we are mining on, if the earnings are good enough. And to be fair - they are right now. They really are

looking forward for (hopefully) the next big cashout this night!

Besides... if it would be public how he could get rid off so much dogecoin (assuming it was really doge), I think it would damage our earnings at the end

So I am saying: relax and enjoy the show until its over

[exokk]

Website shows a blank field on rejected mh/s for both cards that points to eu.middlecoin -----thanks! Thats awesome

[PartsUnkown46]

i usually got a substantial amount of rejected shares but with the eu server in the last couple hours zero. thank you for your hard work h20 and you derserve your fee

[2Alpha]

uhhmmm anyone worried the same way I am? With BTC dropping THAT hard (490$ right now; -30% last 24h and continuing) I am afraid to get an earning at all out of it.... since energy costs are quite high here (about 25ct per kwh).


hmmm I am aware of the fact that no one can really tell, but: What do you think? Is BTC going up to 1000$ again? Is it about to die anda nextgen coin will shine (maybe NXT)?

Well I don't panic with one course drop and will continue mining. anyway I am at least concerned.


#edit: 470$ thanks chinese government ......

One more thought my mind just crossed: if BTC will stay low that would mean less miners / more BTC for altcoin mining. So in the ultimate end would it may NOT affect our earnings at all, since we just get more BTC for the same hashrate?

Hi how accurate is the accepted mh/s on the website, been mining a few hours now but showing blank under the accepted column.

Thanks

well after hours you should not see a blank field! Is the rejected column blank, too? You should show us your cgminer/bfgminer call statement! There seems something wrong

The thing about crypto currency's is they are just like stocks on the stock markets around the world, news that some country does not support them will cause a rapid sale just like when some company has a bad experience then people sell off their stock because they think the company is going to tank. I have been in stocks for many years now and I have gone from one day having a very nice portfolio to the next day losing my ass because of sell off's and then the next day breaking even or making money.

Due to the fact that people fear that they will lose even some cash during a crash is what causes the crash in the first place, personally I think it will go back up will it hit $1200 peak in the next few months maybe but I am not 100% sure but it will still be worth money and as long as BTC is over $50 a coin I can run my machines and pay my power and still make money so I am not really worried about this flux in the market at this time.

[envy2010]

BTC has a habit of undershooting and overshooting a mean value, because it's not tied to anything of "fixed" value. If you look at its history, every bubble bursts, and the price then stabilizes at about half-way between the pre-bubble price and the max price. Then it stagnates for a while, and then goes on another bubble. Rinse and repeat.

If you look now, it's half-way between the $150 it sat at all summer, and the max price of $1100 or so. It will probably stay between $400 and $700 for a while, then slowly go back over $1000 again.

[jam3zs]

Hey guys,

I'm a bit of a noob to middlecoin, I've only been mining here a couple of days but it seems pretty awesome so far! Major props to H2o!

I do have a question though; I was trying to predict how much currency I'd be receiving each night but my calcs seem to be pretty off.
Can I simply do the following?:

(Immature Unexchanged Balance + Unexchanged Balance) - 3.88% ?

In fact I was doing this equation then dividing by the number of hours since the last payout to get an estimated mining rate but what I ended up with in my wallet was about two thirds of what I was expecting.

Or am I looking at this too simply?

[utlord]

Can confirm that EU server is working and rejected rate is much lower than on the US server. Thank you.

Im mining from Norway btw

[Pay87]

Can confirm that EU server is working and rejected rate is much lower than on the US server. Thank you.

Im mining from Norway btw

Are stats for eu servers also located at www.middlecoin.com ? 

[pindis]

after 9 hours of mining I have 512 rejected shares on the EU server. and no rejected MH/s... Well done h2o!!!!!

[envy2010]

Are stats for eu servers also located at www.middlecoin.com ? 

All the mining goes to the same pool. You can mine to both servers using the same username (address) and stats for both servers should show up at www.middlecoin.com. At least, that's what my testing shows.

[dgross0818]

H2O - would it be of any benefit (server off-loading) for any of us US folk to switch to the EU one too? Right now I'm losing around 350-500 kh/s or so on the US server. I'm not sure what spec your EU server is vs the US one, however, if it would help the stability of the US server, I'm sure a good number of us would switch over.

[envy2010]

Hey guys, I'm a bit of a noob to middlecoin, I've only been mining here a couple of days but it seems pretty awesome so far! Major props to H2o!

I do have a question though; I was trying to predict how much currency I'd be receiving each night but my calcs seem to be pretty off. Can I simply do the following?: (Immature Unexchanged Balance + Unexchanged Balance) - 3.88% ?

In fact I was doing this equation then dividing by the number of hours since the last payout to get an estimated mining rate but what I ended up with in my wallet was about two thirds of what I was expecting. Or am I looking at this too simply?

You will be paid your Balance (in the row next to your address on the main page) at the end of each day (around 2:30am UTC). Normally the Balance increases gradually throughout the day as alt-coins are automatically traded for BTC. The last couple days are unusually as the Unexchanged Balance has been manually exchanged at the end of the day and paid out.

If things continue as they have the last few days, you should most or all of the Unexchanged Balance converted to BTC balance and paid to you around 2:30 UTC. You don't have to subtract the fees, those are already taken out.