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

[MrJoshwaa]

Amm, what is the EU server address exactly? Can't find it anywhere, appreciate the help.

just EU in front of the middlecoin.com so it would be eu.middlecoin.com

[1715139145]

1715139145

[1715139145]

1715139145

[1715139145]

1715139145

[danatiel]

Ah, cheers

[kimpeck]

I'm not going into a blame game ... Servers and pools have problems and there's nothing more annoying
when your working your arses off trying to fix something and people are just posting crap.

I'm just keeping logs of each tick and balances and if there's something that doesn't add up then I'll make it known
otherwise I'll keep mining.

But as I said ... they are not doing this for free so I do expect fair results.

[JCviggen]

I think the main problem now is that we are mining ltc on eu server that is not the most profitable coin now and thats why our profits decreased dramatically.  

Main problem for me is that we're getting considerably less LTC than we should, at least yesterday not sure yet about today. I'd move instead of whining but I'm away from my rigs for 2 weeks.

Why wouldn't you run VNC or Remote Desktop on your rigs in case you have to control them while away?

Yeah I haven't gotten around to it yet, it's a bit tricky with the dynamic IP and I don't have direct access to the router for port forwarding either, it's a long story but I'm waiting for better internet to become available very soon.

Checkout TeamViewer, works great with a dynamic IP (don't need to set up anything on your router).

Thanks! Will deffo check that out. Bit annoyed now that I didn't look into it earlier. 1 of my 10 GPUs has gone down looking at the hashrates, could've fixed that with something like this (as long as it didn't hang the OS I suppose)

[gtraah]

why me don't pay
http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1H3x2KT6K5cp1gDFSo5vQcezkXPjqZSxmM.html

You didn't reach 0.1 BTC yesterday. That's why. Yesterday payouts were extremely low for the EU server, 75% below expected return. I'm a bit worried that no official comment has been made on this topic. My payout yesterday barely covers eletricity. LTC is not that unprofitable so where are the coins?

What you mean for the EU server?? Even for the US server was VERY low... I am Primary on US server and EU as a failover, Only 5 minutes ago I seen a few  Disconnects AGAIN from the US server. Isnt this supposed to be fixed by now?

[Ledningen]

"tealover":

My friend who have been mining here, have made more here than anywhere else. The first day I mined here I got 1 litecoin in one day - my expected profit on litecoin-pools is 0.57 for one day.

How can that be a scam?

[gtraah]

People please open your eyes.

1. I call H2O and the pool a possible scam
2. H2O immediately rolls out a temporary fix for US server that he's been sitting on instead of implementing and still has no time available when the "bug" will be fixed that is still dropping peoples hash rate. Yet he claims this is his full-time job and he has 2 employees. Running a pool is NOT very hard, I'm speaking from experience.
3. Everybody is claiming very low profits on US and EU servers.
4. H2O transfers 90 bitcoins out of the pool instead of using to pay us. This explains why everybody's payments are low, because he is taking much more than 3.4% fee

H2O has been running this pool perfectly for months, then suddenly when a bunch of new people join, the pool "breaks", and he can't fix it until someone calls him a scammer then BOOM it's magically fixed within 1 hour. That's 1 of the most suspicious things I've ever seen.

A couple people have private messaged me that they agree with me something fishy is going on. 1 guy has proof that he is scamming and I will be posting it shortly.

hmm Show us then... 

[gtraah]

"tealover":

My friend who have been mining here, have made more here than anywhere else. The first day I mined here I got 1 litecoin in one day - my expected profit on litecoin-pools is 0.57 for one day.

How can that be a scam?

what his saying is he is taking more than the Fees that he says, and that in-fact you should be getting larger payouts.

[pmabdsf]

I'm not finding this on the website or in page 1 of the post; what is the EU server?  I'm in Italy and on the US server getting something like 12% rejects

[Chello]

The solution is so easy
Everone that dont like to mine on middlecoin can join some diff pool, noone is bind here in any kind, feel free to go.

An to tealover and the others, H2O told us already some days ago that the eta for the US Server fix is sunday.

If you look a bit arround you will see that all the altcoins are bad right now and that Doge also loose.

[Draino]

not to interupt the witch-hunt talk

but was middlecoin affected by the doge fork?

hard to find details, but it looks there was a fork which some pools are/were mining and 1.4 has checkpoints to fix it

[gtraah]

The solution is so easy
Everone that dont like to mine on middlecoin can join some diff pool, noone is bind here in any kind, feel free to go.

An to tealover and the others, H2O told us already some days ago that the eta for the US Server fix is sunday.

If you look a bit arround you will see that all the altcoins are bad right now and that Doge also loose.

Ohh so its not Sunday there? Its already Monday where I am

[BombaUcigasa]

People please open your eyes.

1. I call H2O and the pool a possible scam

I call that you shut up already. If you don't mind, go elsewhere and mine and leave us alone.

We can figure it out ourselves. If not, we are stupid and/or we deserve it. So go now...

The payments have dwindled because of reduced profitability on the mined coins. Anyone with stable mining speed can clearly calculate this from their proceeds. h2o can take any fee he likes from the pool income, there is no way to transparently investigate this now. As long as this pool provides the best bitcoin/hash payment, it doesn't even matter. I have no reason to accept your bullshit propaganda and spam. Please, go.

[aclass]

I'm sick of this s***
I do not care who and where money get sent as long as the pool gives me good results. By that I mean better than direct LTC mining.
As someone said ... this is a private pool. If you want transparency .... make your own pool. If you want to know everything .... start mining 100 different s*** coins yourself.
tealover: And please leave this scam pool. We do not want you here. We would love to be blind and dumb and mine at middlecoin without you.

[BogdanT]

just my 2c:
- with a pool with many hundreds of people mining it, and many of them doing it for a living, a scam would quickly pop up, even in a 'closed' system like middlecoin.
- at which point all big miners will flee. Surely the pool won't die but from 10GH it will go to a couple of hundred MH
- nobody in it's right mind would 'steal' 90 BTC once, and risk losing 3% of more than 100BTC daily. This also applies for 'stealing' of 10% hashrate.
- PS: don't forget that this is an ARMS RACE. Wiki it. Hashrates are meant to go up, profits are meant to go down.

Nevertheless, if anyone has information that a scam is taking place, please post information and proof, start a new thread where more info can be gathered and share a bitcoin address for donations.

[BombaUcigasa]

I think some people are too jealous that h2o is raking in big bitcoins and they don't. They also don't have the competence to make a similar pool so they waste their time venting dramatically.

[tealover]

I'm sick of this s***
I do not care who and where money get sent as long as the pool gives me good results. By that I mean better than direct LTC mining.
As someone said ... this is a private pool. If you want transparency .... make your own pool. If you want to know everything .... start mining 100 different s*** coins yourself.
tealover: And please leave this scam pool. We do not want you here. We would love to be blind and dumb and mine at middlecoin without you.

Actually it's a PUBLIC pool. There's no registration like private pools.

[hutnik]

Actually it's a PUBLIC pool. There's no registration like private pools.

Well, you are now public tool. 

---
Running a pool is NOT very hard, I'm speaking from experience.
---

So what are you still doing here? Go run your own pool.

[aclass]

PUBLIC access pool is way different than PUBLIC owned/operated pool. We do now own shares in the pool. We just choose to use it until and when we see fit. See the difference?

I'm sick of this s***
I do not care who and where money get sent as long as the pool gives me good results. By that I mean better than direct LTC mining.
As someone said ... this is a private pool. If you want transparency .... make your own pool. If you want to know everything .... start mining 100 different s*** coins yourself.
tealover: And please leave this scam pool. We do not want you here. We would love to be blind and dumb and mine at middlecoin without you.

Actually it's a PUBLIC pool. There's no registration like private pools.

[pindis]

Here's the proof that was private messaged to me that shows H2O is scamming and taking much higher than 3% fee:



I've mentioned to someone for a few weeks now that MiddleCoin is starting to have the earmarks of a pool scam, like ArsBitcoin and Bonus Pool have done.  (Look up threads on Burning Toad or Clipse for more info, or I can find the threads if you like...)

I see even more earmarks lately.

H2o can clearly run a pool.  But, suddenly, he seems to not be able to run a pool anymore.  Two servers even running completely different configs.  Clipse pulled this same stuff.
(Actually, i wouldn't be shocked if Clipse has returned as H2o, but I haven't investigated that possibility...)

Suddenly MiddleCoin isn't even mining the most profitable coin.

Ridiculous accusations you say?

Here's my typical farm on MiddleCoin:

http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1BAdzvknPux2zqG2eNawvgitCW1aqwE4bb.html

Here's a rig pointed the past week or so at MiddleCoin, but sneakily using a different wallet (nothing wrong with this, but I wanted to see if the two graphs would differ):

http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/137Y2XKQH9qHRDPL5dBNq7xUL3XSeL9uPg.html

As you can see, in the past few days they really look different.

My farm's unexchanged is actually going down (after H2o "fixed" some DB error whatever), while the single rig is going up.

Look at the previous days' graphs, they all look similar.  Until the past few days, and the past 24 hrs especially.

I did this split rig deal as my graphs were looking quite different from the pool's total graph.  Unexchanged was going up, while mine would flatline.

And yup, move a rig to a different wallet address, suddenly it looks better.

New wallet?  Give it a better payout.  Bait them to stay, make them think higher payouts will come.  Then lower them cleverly after a few weeks.

Seen this before.  And I'm seeing it again.

It's a scam pool.  Same people defending it tooth and nail right now will be the same ones crying foul when H2o splits with hundreds of BTC (which by the end of the yr, will be valued at millions $ or so...)

I just got this spat at me by the EU server:

a bunch of rejects
rejected (Job 'DOG_a2' not found)

DOG?  Isn't it on LTC? That's what H2O said he switched it to

http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/18YXY35z1HgMoKqBFgiShGuqnhR7zdwwC6.html

That guy a crap-ton of hashing power (150,000 hash rate) Obviously he knew it was time to leave.
(and his graphs look like my farm, instead of like my single rig/pool graph.  His mining wasn't following what the pool was saying either)

I'm getting real tired of your shit Tealover... There could be SEVERAL reasons why the graph looks different. (US/EU Server). Rejects, stale. and just because you change your goddamn address doesn't mean it still mines the same coin.

Now if you still feel like it's a scam, I would like to invite you politely to gtfo of the pool.