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

[foodies123]

Yeah hash power is going to keep increasing because hashcows got hacked so everyone is going to haul ass to middlecoin.

[phrozenspite]

1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this.

Why?

+1

Isn't that obvious? More hashpower = less earnings because all BTC are divided based on your shares of all total. And if we see a 1200 Mh/s increase, total number of shares will be increased a lot.

But an increase in total hashrate will yield more found blocks, no?

Yeah smaller piece of each block but more blocks found in a day. It balances out

[peterzz]

2M get how much BTC in day?

[motd2k]

1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this.

Why?

+1

Isn't that obvious? More hashpower = less earnings because all BTC are divided based on your shares of all total. And if we see a 1200 Mh/s increase, total number of shares will be increased a lot.

But an increase in total hashrate will yield more found blocks, no?

Yeah smaller piece of each block but more blocks found in a day. It balances out

Actually it increases the difficulty in dumping the vastly increased volume of altcoins, so yes, it will reduce profits somewhat.

[dalak]

1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this.

Why?

+1

Isn't that obvious? More hashpower = less earnings because all BTC are divided based on your shares of all total. And if we see a 1200 Mh/s increase, total number of shares will be increased a lot.

But an increase in total hashrate will yield more found blocks, no?

Yeah smaller piece of each block but more blocks found in a day. It balances out

Actually it increases the difficulty in dumping the vastly increased volume of altcoins, so yes, it will reduce profits somewhat.

Right, but by an entirely different reasoning. It may also reduce profits perhaps because of increased server load resulting in more disconnects etc. Yet we don't know whether these will hold true. These reasons have nothing to with increased number of shares.

[motd2k]

For sure, I wasn't being argumentative, just highlighting that as a potential issue with these relatively illiquid coins.

[mishax1]

1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this.

Why?

More oraphans will be produced on the weak coins systems.

[BombaUcigasa]

For sure, I wasn't being argumentative, just highlighting that as a potential issue with these relatively illiquid coins.

Luckily there are many coins and buyers for them. Unluckily every switching pool mines DOGE and WDC

[ozoner]

1200 Mh/s hashrate increase since yesterday. It's crazy. Profits will be reduced A LOT because of this.

Why?

+1

Isn't that obvious? More hashpower = less earnings because all BTC are divided based on your shares of all total. And if we see a 1200 Mh/s increase, total number of shares will be increased a lot.

I think you should need a license to post in this forum.

[jam3zs]

I think that if more people mine the same coin, it becomes less valuable because the market becomes saturated and therefore profits are reduced. (That's just my understanding of it, I'm not claiming to be an expert or anything)
If you go to page 1, even H2o says:

You should show the current mined coin.

Unfortunately I think that showing the current coin would make a bunch of people switch to mining that, lowering our profits.

I have toyed with the idea of giving coins aliases. I might do that.

If you can think of any ways to give miners more information, without spilling the beans on the coins, let me know.

So by this logic, more users = less profit, correct? or am I misunderstanding?

[phrozenspite]

I think that if more people mine the same coin, it becomes less valuable because the market becomes saturated and therefore profits are reduced. (That's just my understanding of it, I'm not claiming to be an expert or anything)
If you go to page 1, even H2o says:

You should show the current mined coin.

Unfortunately I think that showing the current coin would make a bunch of people switch to mining that, lowering our profits.

I have toyed with the idea of giving coins aliases. I might do that.

If you can think of any ways to give miners more information, without spilling the beans on the coins, let me know.

So by this logic, more users = less profit, correct? or am I misunderstanding?

More hash rate to compete with us is what he meant.  If someone else is finding the blocks it does us no good

[bal3wolf]

Any tips to get getwork failures down my 5870 and 6950 get alot of them but my 7970x2 gets very little.

[Gamer67]

Any tips to get getwork failures down my 5870 and 6950 get alot of them but my 7970x2 gets very little.

Nothing to worry about there. That is par for the course with this pool. You don't have many.

[hak8or]

What program are you using, if I may ask?

[Gamer67]

What program are you using, if I may ask?

http://manotechnology.blogspot.com/p/cgwatcher.html

[bal3wolf]

What program are you using, if I may ask?

http://manotechnology.blogspot.com/p/cgwatcher.html

yep beat me to it best program to use with cgminer so powerful and usefull i wont ever go back to using any guiminer program.

[drummerjdb666]

Hello everyone
I want to extend a big thanks to H2O, and a sincere thanks to senior members
who took the time to write about their positive experiences with this mining pool.

It's so damn easy to complain ... and that's a real shame.

It only takes a few seconds to say something positive about this pool,
and I know plenty of people have earned a LOT of money with H20's help.

So - if you've had a positive experience, then let others know.

For all the noobs out there ...
Keep the following in mind:
1. When you feel like you missed out on an opportunity elsewhere - that's not H20's fault.
2. When Cryptsy or Coinex are down and cause payment delays - that's not H20's fault.
^^When they are lagged the hell out use bter.com, coins-e, crypto-trade, or mcxNOW.com^^ (all trade resuming soon)
3. When an alt coin's value drops like a rock - that's not H20's fault either ...
4. When YOUR mining rig fails - well ... that's not H20's fault.
This should be on op ^.^  LoL!

my point is ...

50% of the posts in this forum thread, are pretty negative, and most of them
relate to the 4 points above. Wake up kids. If you think you can do better,
please try. Simply leave the pool, do your own thing and stop complaining.

If you appreciate this service, and have confidence in H20 - then say so.

Take just 20 seconds to congratulate H20 and let's inspire those Hashcows
refuges to join us with confidence.

You're post made me LoL this morning!  Had to add to it!

Happy Holidays guys!   

[STT]

Its valid point about market cap of these little alt coins.    Few people have popped on this thread to complain we are 'breaking' their coin, main problem being a lack of genuine transactional use for the coins so too many miners can mean less profit, seems a fair conclusion.

Much as I hate to say, the doge concept of trying to involve the braindead zombie masses in an alt coin might not be so silly.   I wonder how many of those in Argentina, etc use the coins we mine

[thesaltman]

so how can i expect to earn per MH with middlecoin.com?

[pindis]

so how can i expect to earn per MH with middlecoin.com?

Probably around 0.02 BTC pr day atm.