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

[jimprofit99]

You people aren't realising what he's saying, even if he adds up the blue, green and red on the US days it still comes to less than the red on the EU server.
Take the last day for example, 0.00222 Balance + 0.00216 + 0.0008 immature = 0.00518 That is the Cumulutive, COMPLETE TOTAL of his days mining, now look at the day before on just EU he got over 0.01, so no matter which way you look at it he has ended up with way less BTC (approx half)

Good to see a few updates in here from H20, that guy was too quick to label him a scammer (ironically given he's a scammer himself).
That being said, as a few others have said, please can you explain the large 'refund', how come someone needed a big refund?
Thanks.

Once again, different day means different performances...  If he feels that he gets better payout on the EU Server, then he should have stayed there instead of changing.  Personally, no matter on which server I work, I never have 2 times the same payout!!!  Past results are not a guaranty of future results!

[chilin_dude]

I understand past payouts are not meaning future will be the same jim, that is down to variance. However they are normally in a similar ballpark, for one to go from 0.01 ish on EU day 1, to 0.005ish day 2 on US, to 0.01ish on EU day 3, to 0.005ish on US day 4, you can see there is a trend occuring to a decent reliability. I am not taking sides, I am merely stating you cannot dismiss it.
I'm a massive fan of the pool, don't take everything as an attack of so personally, a loss of 50% earnings day to day from going EU to USA server is very strange, and not within the realms of variance - as you will be able to see if you look up others payouts.

Cheers

[Antivanity]

To answer some questions:

This is my fulltime job. I work way more than 40 hours a week. I also have two part time employees. It would be nice to hire more, but there are trust issues, so I only work with friends.

The address 1xowiTAdUeux71ExGmSW6qK5FPrGDa3Mp is a transaction "refund".

The US pool isn't any worse than it was before. It's just switching more, which is fine except for the disconnects it's causing.

I'm close to finishing the new tech that doesn't disconnect on coin switches, but it's losing 0.6% of hashrate due to a bug. It might be worth rolling out anyway, with this bug.

Thanks for the fix on the US server, runs great now.

Can you please elaborate on "refund" ? Seeing $80,000+ move to some unknown account from the pools wallet makes me (maybe others) feel like we are being taken advantage of. Specially with the low payouts recently. Please be transparent about the transactions taking place. Seems that middle coin is built on transparency with the nice full log of wallet addresses and payouts for each... lets keep with that trend

[RickJamesBTC]

I understand past payouts are not meaning future will be the same jim, that is down to variance. However they are normally in a similar ballpark, for one to go from 0.01 ish on EU day 1, to 0.005ish day 2 on US, to 0.01ish on EU day 3, to 0.005ish on US day 4, you can see there is a trend occuring to a decent reliability. I am not taking sides, I am merely stating you cannot dismiss it.
I'm a massive fan of the pool, don't take everything as an attack of so personally, a loss of 50% earnings day to day from going EU to USA server is very strange, and not within the realms of variance - as you will be able to see if you look up others payouts.

Cheers

He is holding coins longer than a straight pool, so the exchanges aren't instant. You HAVE to take an average off a longer period to see what it does.

[jimprofit99]

I understand past payouts are not meaning future will be the same jim, that is down to variance. However they are normally in a similar ballpark, for one to go from 0.01 ish on EU day 1, to 0.005ish day 2 on US, to 0.01ish on EU day 3, to 0.005ish on US day 4, you can see there is a trend occuring to a decent reliability. I am not taking sides, I am merely stating you cannot dismiss it.
I'm a massive fan of the pool, don't take everything as an attack of so personally, a loss of 50% earnings day to day from going EU to USA server is very strange, and not within the realms of variance - as you will be able to see if you look up others payouts.

Cheers

As stated by H2O, the US Server was switching between currencies (even too much), while the EU Server was only mining a single currency (DOGE then LTC).  As both server acted (and will continue to do so as long as the EU Server is not patched), making a comparison is like comparing apples and oranges.

[RickJamesBTC]

To answer some questions:

This is my fulltime job. I work way more than 40 hours a week. I also have two part time employees. It would be nice to hire more, but there are trust issues, so I only work with friends.

The address 1xowiTAdUeux71ExGmSW6qK5FPrGDa3Mp is a transaction "refund".

The US pool isn't any worse than it was before. It's just switching more, which is fine except for the disconnects it's causing.

I'm close to finishing the new tech that doesn't disconnect on coin switches, but it's losing 0.6% of hashrate due to a bug. It might be worth rolling out anyway, with this bug.

Thanks for the fix on the US server, runs great now.

Can you please elaborate on "refund" ? Seeing $80,000+ move to some unknown account from the pools wallet makes me (maybe others) feel like we are being taken advantage of. Specially with the low payouts recently. Please be transparent about the transactions taking place. Seems that middle coin is built on transparency with the nice full log of wallet addresses and payouts for each... lets keep with that trend

How much are you putting into this pool? Seriously, if people are gonna make the same crazy request, let's see some numbers. Are YOU losing a big chunk of payout? Are you claiming that for 3 days you got .004 instead of .006??

[Antivanity]

To answer some questions:

This is my fulltime job. I work way more than 40 hours a week. I also have two part time employees. It would be nice to hire more, but there are trust issues, so I only work with friends.

The address 1xowiTAdUeux71ExGmSW6qK5FPrGDa3Mp is a transaction "refund".

The US pool isn't any worse than it was before. It's just switching more, which is fine except for the disconnects it's causing.

I'm close to finishing the new tech that doesn't disconnect on coin switches, but it's losing 0.6% of hashrate due to a bug. It might be worth rolling out anyway, with this bug.

Thanks for the fix on the US server, runs great now.

Can you please elaborate on "refund" ? Seeing $80,000+ move to some unknown account from the pools wallet makes me (maybe others) feel like we are being taken advantage of. Specially with the low payouts recently. Please be transparent about the transactions taking place. Seems that middle coin is built on transparency with the nice full log of wallet addresses and payouts for each... lets keep with that trend

How much are you putting into this pool? Seriously, if people are gonna make the same crazy request, let's see some numbers. Are YOU losing a big chunk of payout? Are you claiming that for 3 days you got .004 instead of .006??

Calm your jimmies sweet cheeks. All i want is an explanation for that $80,000+ transfer. How can you simply look past it ? It came from the pool wallet.. it is potentially money you or I or anyone else could of made via the predetermined profit sharing stated on middlecoin.com website. So again.. how can you simple glaze over this fact that is came from the pool wallet.. and is 100% unexplained. "Refund" isnt an explanation.

[h2odysee]

When you make a bitcoin transaction, there is always an extra bit leftover that goes back into your wallet. In this case, that extra bit happened to be large, due to the way the "coins" in the wallet were arranged.

[CrimsonPermanentAssurance]

I would also like to report my hash rates are completely back to normal on middlecoin, and my rejected shares have gone DOWN from normal. SWEEEEEEEEEEEEEEEEEEEEEET!!!

Thanks for listening to us, h2o. Nice job on the server fix.

Keep up the great work!!!

[RickJamesBTC]

To answer some questions:

This is my fulltime job. I work way more than 40 hours a week. I also have two part time employees. It would be nice to hire more, but there are trust issues, so I only work with friends.

The address 1xowiTAdUeux71ExGmSW6qK5FPrGDa3Mp is a transaction "refund".

The US pool isn't any worse than it was before. It's just switching more, which is fine except for the disconnects it's causing.

I'm close to finishing the new tech that doesn't disconnect on coin switches, but it's losing 0.6% of hashrate due to a bug. It might be worth rolling out anyway, with this bug.

Thanks for the fix on the US server, runs great now.

Can you please elaborate on "refund" ? Seeing $80,000+ move to some unknown account from the pools wallet makes me (maybe others) feel like we are being taken advantage of. Specially with the low payouts recently. Please be transparent about the transactions taking place. Seems that middle coin is built on transparency with the nice full log of wallet addresses and payouts for each... lets keep with that trend

How much are you putting into this pool? Seriously, if people are gonna make the same crazy request, let's see some numbers. Are YOU losing a big chunk of payout? Are you claiming that for 3 days you got .004 instead of .006??

Calm your jimmies sweet cheeks. All i want is an explanation for that $80,000+ transfer. How can you simply look past it ? It came from the pool wallet.. it is potentially money you or I or anyone else could of made via the predetermined profit sharing stated on middlecoin.com website. So again.. how can you simple glaze over this fact that is came from the pool wallet.. and is 100% unexplained. "Refund" isnt an explanation.

I'm wondering why people like you think that the backend movements of coins are your business.

[eroxors]

The US server now has the new code, which doesn't disconnect on coin switches. It's bugged to have 1% extra rejects, which show up as "duplicate shares".

This is great news. Is the ETA until bug fix still Sunday?

I never heard back from you after I paid for a video card. Card never came. You didn't log back in or respond. I auctioned the debt to someone else on the Forums, you still owe them a half bitcoin. In my book, you're a scammer. Mods thought that your account was a shill account.

Please PM me if you are interested in resolving this issue, I can connect you with the owner of this debt.

Thanks.

[locksmith9]

When you make a bitcoin transaction, there is always an extra bit leftover that goes back into your wallet. In this case, that extra bit happened to be large, due to the way the "coins" in the wallet were arranged.

If it wasn't evident, it might have been clearer to some if h2o had said that was a change address, not really a refund.

[Shaban]

When you make a bitcoin transaction, there is always an extra bit leftover that goes back into your wallet. In this case, that extra bit happened to be large, due to the way the "coins" in the wallet were arranged.

So what will happen with these 90+ leftover BTC? They weren't added back into the pool balance

[overseerio]

When you make a bitcoin transaction, there is always an extra bit leftover that goes back into your wallet. In this case, that extra bit happened to be large, due to the way the "coins" in the wallet were arranged.

So what will happen with these 90+ leftover BTC? They weren't added back into the pool balance

h2o has been keeping his 3% cut in the same wallet since the beginning -- at this point that cut is around ~200 BTC, corresponding to the 5000+ BTC paid out. The 90 BTC belongs rightfully to him.

[Antivanity]

To answer some questions:

This is my fulltime job. I work way more than 40 hours a week. I also have two part time employees. It would be nice to hire more, but there are trust issues, so I only work with friends.

The address 1xowiTAdUeux71ExGmSW6qK5FPrGDa3Mp is a transaction "refund".

The US pool isn't any worse than it was before. It's just switching more, which is fine except for the disconnects it's causing.

I'm close to finishing the new tech that doesn't disconnect on coin switches, but it's losing 0.6% of hashrate due to a bug. It might be worth rolling out anyway, with this bug.

Thanks for the fix on the US server, runs great now.

Can you please elaborate on "refund" ? Seeing $80,000+ move to some unknown account from the pools wallet makes me (maybe others) feel like we are being taken advantage of. Specially with the low payouts recently. Please be transparent about the transactions taking place. Seems that middle coin is built on transparency with the nice full log of wallet addresses and payouts for each... lets keep with that trend

How much are you putting into this pool? Seriously, if people are gonna make the same crazy request, let's see some numbers. Are YOU losing a big chunk of payout? Are you claiming that for 3 days you got .004 instead of .006??

Calm your jimmies sweet cheeks. All i want is an explanation for that $80,000+ transfer. How can you simply look past it ? It came from the pool wallet.. it is potentially money you or I or anyone else could of made via the predetermined profit sharing stated on middlecoin.com website. So again.. how can you simple glaze over this fact that is came from the pool wallet.. and is 100% unexplained. "Refund" isnt an explanation.

I'm wondering why people like you think that the backend movements of coins are your business.

Think for yourself, question authority.

I think that "back end movements" are my and everyone's business because of the natural transparency of BTC and the current transparency of middlecoin. This is a good thing and I am not sure why you feel so offended by my questions.

As H2o has answered this question, there is no need to feel butt hurt over my questioning of H2o.

BTW, Thanks for the great pool H2o. The latest fix on the US servers has me running without disconnects! Keep up the good work 

[sykal]

Most of us have spent good $ on these efforts. I would bet that almost everyone here are still not profitable.

I make daily profit from the US server every day i've mined here, so let me know what you bet.  

if you are losing money on 4% fees + 0.6% inefficiency, your margins are too slim to justify mining.  

Who said anything about losing money?

Not profitable does not equal losing $.

Many here have recently started, myself included. Weather you are running 100Mhash, or 1 MHash, it still is about 1-2 months before break even.

[kalus]

Most of us have spent good $ on these efforts. I would bet that almost everyone here are still not profitable.

I make daily profit from the US server every day i've mined here, so let me know what you bet.  

if you are losing money on 4% fees + 0.6% inefficiency, your margins are too slim to justify mining.  

Who said anything about losing money?

Not profitable does not equal losing $.

Many here have recently started, myself included. Weather you are running 100Mhash, or 1 MHash, it still is about 1-2 months before break even.

ok i understand better now, but you originally were negotiating for a cut-rate pool fee % becuase of the 0.6% discrepancy.  If you're talking about break-even, you're not suggesting middlecoin should subsidize your investment, are you?  

the reason i pay the pool fee is becuase i don't want to deal with exchanges, and i let the farm do its thing.  the reason i stay is becuase middlecoin somehow outperforms.  even when the US server was having issues, i was still making more here than on my litecoin farm, and my multipool farm.   middlecoin also hasn't suffered the recent DDOSes that hashcows went through, either, meaning the uptime is another big seller.  there are lower percentage pools you can join if you feel the 3-4% pool fee is too onerous for you.  

[sykal]

Most of us have spent good $ on these efforts. I would bet that almost everyone here are still not profitable.

I make daily profit from the US server every day i've mined here, so let me know what you bet.  

if you are losing money on 4% fees + 0.6% inefficiency, your margins are too slim to justify mining.  

Who said anything about losing money?

Not profitable does not equal losing $.

Many here have recently started, myself included. Weather you are running 100Mhash, or 1 MHash, it still is about 1-2 months before break even.

ok i understand better now, but you originally were negotiating for a cut-rate pool fee % becuase of the 0.6% discrepancy.  If you're talking about break-even, you're not suggesting middlecoin should subsidize your investment, are you?  

the reason i pay the pool fee is becuase i don't want to deal with exchanges, and i let the farm do its thing.  the reason i stay is becuase middlecoin somehow outperforms.  even when the US server was having issues, i was still making more here than on my litecoin farm, and my multipool farm.   middlecoin also hasn't suffered the recent DDOSes that hashcows went through, either, meaning the uptime is another big seller.  there are lower percentage pools you can join if you feel the 3-4% pool fee is too onerous for you.  

Please see where my comment came from.

I said my post due to the comment on the individual being happy that we get money for "nothing".
We are certainly not doing "nothing" for $. We have all invested in this project, and we are all in it for money.

[kalus]

Please see where my comment came from.

I said my post due to the comment on the individual being happy that we get money for "nothing".
We are certainly not doing "nothing" for $. We have all invested in this project, and we are all in it for money.

I see where your comment came from.  it was in response as follows:

For those of you who do "nothing", well, speak for yourselves only.

Agreed, my hashrate has been hosed down ~5% since these issues began. 0.6% would be a great improvement until the bug can be fixed.

Also, a break on fees would indeed be a nice gesture due to the above.

Agreed.

Most of us have spent good $ on these efforts. I would bet that almost everyone here are still not profitable.

hence my understanding you were originally agreeing with a reduction in pool fee.  that's where my comments were addressing.  

[michwill]

Please see where my comment came from.

I said my post due to the comment on the individual being happy that we get money for "nothing".
We are certainly not doing "nothing" for $. We have all invested in this project, and we are all in it for money.

I see where your comment came from.  it was in response as follows:

For those of you who do "nothing", well, speak for yourselves only.

Agreed, my hashrate has been hosed down ~5% since these issues began. 0.6% would be a great improvement until the bug can be fixed.

Also, a break on fees would indeed be a nice gesture due to the above.

Agreed.

Most of us have spent good $ on these efforts. I would bet that almost everyone here are still not profitable.

hence my understanding you were originally agreeing with a reduction in pool fee.  that's where my comments were addressing.  

You can create your own multicoin pool. Say, tompool.org provides an opportunity to do it easier. Check how exchanging works yourself. Chances are you go back to middlecoin :-)

Also, coinwarz launches its own pool for 10 real bucks per month. There is a choice out there, try it instead of crying!