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Author Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com  (Read 817197 times)
soothaa
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January 03, 2014, 07:57:43 PM
 #4021

I didnt read through this whole thread so I apologize if this has been mentioned.

Two questions/comments about this pool.

1. Has anyone done any calculations that show roughly how much more profit can be made mining here vs mining BTC directly? (I realize that mining BTC with GPU now is pointless, but Id like to see this compared to something) Maybe even converted to USD?

2. How hard would it be to modify the pool to allow a user to be paid out in BTC or LTC? This may make things more difficult than its worth but its a suggestion.
I make about 0.04 BTC per day with 5MH/s

I'd make less than 0.00001 BTC per day mining BTC directly.

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2Alpha
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January 03, 2014, 08:08:04 PM
 #4022

I didnt read through this whole thread so I apologize if this has been mentioned.

Two questions/comments about this pool.

1. Has anyone done any calculations that show roughly how much more profit can be made mining here vs mining BTC directly? (I realize that mining BTC with GPU now is pointless, but Id like to see this compared to something) Maybe even converted to USD?

Calculations for BTC mining with based on coinwarez.com mining calculator for 2 MH/s (currently what I would call my lower average) - This does not include pool fees and is set at the default power cost and usage so that value would change based on power usage.
Time FrameBTC CoinsUSDPower Cost (in USD)Pool Fees (in USD)Profit in USD
Hourly0.00002955 $0.03$0.05$0.00) ($0.02)
Daily0.00070909$0.62$1.20$0.00($0.58)

My daily is between 0.01 (on the low end) and 0.04 (on the high end) so really mining BTC with my GPU's would cost me more money then it would be worth.. Someone with more hashing power might be better off but for my setups Ill be staying here.
AmDD
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January 03, 2014, 08:18:39 PM
 #4023

I know mining BTC on GPU is no comparison to scrypt coins converted to BTC. I guess the $/MH value is more of what I was looking for.

I have about 7MH and make about $45 worth of LTC a day. Ive been thinking about trying to mine and convert to BTC more than I have in the past.

0.04BTC is about $31 right now, with the same 5MH I can mine $32 of LTC a day. (as of right now)

BTC tip jar: 18EKpbrcXxbpzAZv3T58ccGcVis7W7JR9w
LTC tip jar: Lgp8ERykAgx6Q8NdMqpi5vnVoUMD2hYn2a
EdBoon
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January 03, 2014, 08:28:11 PM
 #4024

I know mining BTC on GPU is no comparison to scrypt coins converted to BTC. I guess the $/MH value is more of what I was looking for.

I have about 7MH and make about $45 worth of LTC a day. Ive been thinking about trying to mine and convert to BTC more than I have in the past.

0.04BTC is about $31 right now, with the same 5MH I can mine $32 of LTC a day. (as of right now)

in the past week with 5MH i have averaged $58 a day and that is with a couple times my rigs going offline.  I think $31 is really low, i would say more around $60 for 5MH.  U can always go to the data and look at what people are making, it's all there.  It astounds me how frequently people ask what their hashing power will produce when all the data is right there.
2Alpha
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January 03, 2014, 08:29:08 PM
 #4025

I know mining BTC on GPU is no comparison to scrypt coins converted to BTC. I guess the $/MH value is more of what I was looking for.

I have about 7MH and make about $45 worth of LTC a day. Ive been thinking about trying to mine and convert to BTC more than I have in the past.

0.04BTC is about $31 right now, with the same 5MH I can mine $32 of LTC a day. (as of right now)

This might give you a better idea this user is running at around 6.9905 MH/s

http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/15AHRA8eu93RJ9H7s5U7briD5woPbt3RWu.html

Added payouts for ease of view I hate scrolling...

Quote
Dec. 25, 2013, 2:47 a.m.   0.17597991
Dec. 26, 2013, 2:23 a.m.   0.17197710
Dec. 27, 2013, 5:50 a.m.   0.17220899
Dec. 28, 2013, 2:39 a.m.   0.13544551
Dec. 29, 2013, 2:34 a.m.   0.10908598
Dec. 30, 2013, 2:31 a.m.   0.09493388
Dec. 31, 2013, 2:50 a.m.   0.08308387
Jan. 1, 2014, 1:28 a.m.      0.04645989
Jan. 2, 2014, 3 a.m.           0.08080986
Jan. 3, 2014, 2:39 a.m.      0.12463475

Total Payout over 10 days: 1.19461974 BTC
Avg Daily Payout: 0.119461974 BTC

Normally I would not do this but Im really board at work Sad
maciejro
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January 03, 2014, 08:36:48 PM
 #4026

Hey there!

I joined your pool some time ago for one day, to check out how it works, the balance after this one day was aroun 0.018 btc yet no payout occured. I've waited nearly a week with no result. Today I joined the pool again, could you please check this out?

My btc address:
1BZm3iJ1MLsBAniWZsoPWTyBp4dVi9YFGj

thanks and cheers!
Pompobit
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January 03, 2014, 08:42:43 PM
 #4027

What load balancing are you guys talking about?

I had US and EU pools both in my .conf file and set load-balance to true

is there a way to do it using batch command and adjusting the quota between servers?

bump
Chello
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January 03, 2014, 08:44:19 PM
 #4028

@maciejro - You have now 0.01901747, so maybe you was under the 0,01 payout limit until today ?
ratty
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January 03, 2014, 08:45:35 PM
 #4029

Ok I'll ask the stupid question, what is the logic behind switching coins multiple times a minute? Why not make it not change coins until every 10 minutes or more? Then we're losing less share rate on the disconnects. Or are the profits higher when you just stay in a constant state of coin switching?
pindis
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January 03, 2014, 08:49:23 PM
 #4030

Ok I'll ask the stupid question, what is the logic behind switching coins multiple times a minute? Why not make it not change coins until every 10 minutes or more? Then we're losing less share rate on the disconnects. Or are the profits higher when you just stay in a constant state of coin switching?

I think this is what H2O is trying to fix atm. Cause personally it does me no good at all
campeck
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January 03, 2014, 08:59:43 PM
 #4031

Hey,

I've been having an issue recently after coming back to middlecoin from other pools. Before I had my bat only list middlecoin and I noticed a lot of "connection to pool 0 interrupted" and my house lights would flicker brighter. lol

So I setup a backup pool on doge just incase it was down for a significant period of time.
Today I noticed that I at times I am the #1 hasher on the doge pool and have mined over 100k of them today! And thats with my primary pool as middlecoin. I am using --failover-only and Before that I noticed hash leak as well.

I notice middlecoin is now at 7GH, When I joined it was at 1.5.
Is this causing connection issues?

Thanks for anyone helping me to get this sorted out. I want most of my hashes going to middlecoin not doge! (unless middlecoin is mining doge that is!)
caution
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January 03, 2014, 09:06:10 PM
 #4032

tried the US server last night, half of my hashes were on my back-up pools...suffice it to say I'm back on the EU server.  Going to be a low payout today but that's how testing goes, working on compiling a linux version of cgminer with the changes mentioned in this thread and try that. 
Shaban
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January 03, 2014, 09:12:49 PM
 #4033

Ok I'll ask the stupid question, what is the logic behind switching coins multiple times a minute? Why not make it not change coins until every 10 minutes or more? Then we're losing less share rate on the disconnects. Or are the profits higher when you just stay in a constant state of coin switching?


Not a stupid question because it's not something that's supposed to happen. It shouldn't switch more than once every 5 minutes. Switching multiple times a minute doesn't even give us enough time to find a block.

My hash rate is supposed to be around 5mh/s, I'm getting between 3.6-4.5... These issues on the US server need to be fixed!!
hardergamer
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January 03, 2014, 09:30:19 PM
 #4034

I know mining BTC on GPU is no comparison to scrypt coins converted to BTC. I guess the $/MH value is more of what I was looking for.

I have about 7MH and make about $45 worth of LTC a day. Ive been thinking about trying to mine and convert to BTC more than I have in the past.

0.04BTC is about $31 right now, with the same 5MH I can mine $32 of LTC a day. (as of right now)

Im geting avg 0.045 from 2.7mh which is about $35 a day, so you are well down,  Lips sealed

mikeybit
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January 03, 2014, 09:34:07 PM
 #4035

I know mining BTC on GPU is no comparison to scrypt coins converted to BTC. I guess the $/MH value is more of what I was looking for.

I have about 7MH and make about $45 worth of LTC a day. Ive been thinking about trying to mine and convert to BTC more than I have in the past.

0.04BTC is about $31 right now, with the same 5MH I can mine $32 of LTC a day. (as of right now)

Im geting avg 0.045 from 2.7mh which is about $35 a day, so you are well down,  Lips sealed

When you say average, how long of a timeframe are you looking at?
envy2010
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January 03, 2014, 09:34:45 PM
 #4036

I know mining BTC on GPU is no comparison to scrypt coins converted to BTC. I guess the $/MH value is more of what I was looking for.

I have about 7MH and make about $45 worth of LTC a day. Ive been thinking about trying to mine and convert to BTC more than I have in the past.

0.04BTC is about $31 right now, with the same 5MH I can mine $32 of LTC a day. (as of right now)

Im geting avg 0.045 from 2.7mh which is about $35 a day, so you are well down,  Lips sealed

I have averaged about 0.017 BTC per MH/s per day since the DOGE craziness calmed down. With 7 MH/s you are probably looking at about 0.100 BTC per day on average, ranging from 0.060 to 0.150 depending on the day.
hardergamer
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January 03, 2014, 09:39:07 PM
 #4037

I know mining BTC on GPU is no comparison to scrypt coins converted to BTC. I guess the $/MH value is more of what I was looking for.

I have about 7MH and make about $45 worth of LTC a day. Ive been thinking about trying to mine and convert to BTC more than I have in the past.

0.04BTC is about $31 right now, with the same 5MH I can mine $32 of LTC a day. (as of right now)

Im geting avg 0.045 from 2.7mh which is about $35 a day, so you are well down,  Lips sealed

When you say average, how long of a timeframe are you looking at?

for the last week. and only been on the EU sever for the last 2 an a half days

eric89
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January 03, 2014, 10:59:41 PM
 #4038


I get the impression that the coins are probably exchanged well before they show up on the graph.

It would make sense otherwise everyone would know when a dump is coming
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January 03, 2014, 11:01:33 PM
 #4039

OK, so I've just added load-balance to my config. Let's see how that works out.

On a side note, I noticed that I have no-pool-disable set to true also but I don't know what that does and it doesn't appear to be on the cgminer thread on this forum. Any ideas anyone?

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January 03, 2014, 11:49:45 PM
 #4040

umm the us sever is running well for me now!!  Shocked

any news?

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