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

[mikeybit]

Is anyone else getting a whole lot of work restarts?  My hashrate dropped like a rock and I'm getting a whole lot of work restarts in cgminer.

[CrimsonPermanentAssurance]

Could be just you. I have been going strong with 8MH/s on US server all night and day with typical numbers for rejects at about 2%.

[jedimstr]

How is the 7950 and 280x king when the 270 uses less power?

I think he is referring to KH per Watt

Yup... there are plenty of cards out there and integrated Intel GPUs that use less power... but aren't worth crap for their hashrate.

So the 7950 is still king when it comes to KH/s at its power consumption rate.  Especially when you use one of Lantis' scrypt bin files for cgminer and if you undervolt with the .967v firmware.

[LPCobris]

^I honestly have no idea how it works. I've been in queue for what seems like forever.

Hi!
Thanks for the explanation...
But what that really means in pratic terms? The Light Blue bar is what i will still recieve? What am i really getting payout?
The green light bar is imature coin? What is that? Some coin i just mined but its still too low valued?

Sorry but its my first time with so much data to analyse and correlate!

Thanks!

LPC

What is the unexchanged balance?

This is your balance of coins other than bitcoins. My auto-exchanger will convert them into bitcoins, usually within a day. Some coins take a while to reach "trade maturity" to where you can send them without paying a fee. These coins will take longer to be converted into bitcoins.

What is the immature unexchanged balance?

This is your balance obtained from blocks that have not yet reached maturity, and are therefore possible orphans. After a designated number of blocks, you will be credited these coins, and they will go under your "unexchanged balance" column. Some coins take longer than others to mature. For example, NovaCoin takes three days.

from http://middlecoin2.s3-website-us-west-2.amazonaws.com/faq.html

You'll more-or-less receive the unexchanged & immature amount, though since they aren't cashed out, it's possible it'll change a bit. In my experience, they've never deviated much from what's stated. (which is a bit suspicious since we're all in tin-foil mode )

Thanks!
Hummm...
Let me see if i understand...

The green bar are the possibile mined coins that still need to be verified by the network? When they are validated they go to the blue bar?
In the blue bar what happens? They wait until they are selled and converted to btc? how this correlates to the payout in the red line?

From what i understand the red bar is a reflex of yesterday blue bar? Its correct?

Best Regards,

LPC

You have it right.

The workflow looks like:
Coins mined -> (green) Coins "age" to ensure they're considered valid by the network and so transaction fees are minimal -> (blue) Coins sit in h2o-controlled wallets waiting for an opportunity to sell at a "good" price (as determined by h2o) -> (red) When there's a "good" sell opportunity, the altcoins are sold for bitcoins and is converted to "balance" which is paid at the next payout time.

With some coins, there is no need for them to age and coins are immediately converted to BTC and credited as a balance, but it changes based on which coins are being mined and the particular exchange h2o is using.

I seee!

Thanks for the explanation, im really clarified now!
So what is the information that i need to keep paying attention? the blue bar?

Best Regards,

LPC

Hi
Can anyone reply on this matter?

BTW, i notice som lower numbers on the light blue bar... and the pay line seems to be lowering... Does anyone knows why?
Im on the US server...

Thanks,

LPC

[locksmith9]

Just as a datapoint for new(er)-comers to this pool like myself: my earnings are approximately 19% higher over the last 6 days through middlecoin than they would have mining with wemineltc.

My calculations are based on:

• the current LTC difficulty of 3366.694 (I realize the difficulty has increased)
• a 2% reject rate at wemineltc (and I average 4-5% rejects with middlecoin since the server update)
• 1% pool fee to wemineltc
• a 0.2% trading fee at btc-e

Higher earnings and less hassle trading LTC->BTC. I'm pretty satisfied with middlecoin thus far, especially after the server fixes this weekend.

[gtraah]

• (and I average 4-5% rejects with middlecoin since the server update)

What Server Update? I was just told it has not happened yet? I am on the US server and a few hours ago I had massive Hash reduction and D/c's

Although the past 45 min I have been hearing my rig go Full blast , Full Hash, Full speed.

Not sure if he implemented the fix within the last 45 min or not :\

[kalus]

wow, H2o did it. 



we're on the moon now.

[drakoin]

So what is the information that i need to keep paying attention? the blue bar?

Can anyone reply on this matter?

I guess no one has replied yet because your questions were already answered fully. Read the answers again :-)


You want to learn more how to understand and compare profitability, right?

Perhaps it helps you if I share what I did because I needed to know exactly ... and for my first weeks of mining, I have had a very close look at sometimes less-than-one-day phases, because I was switching pools fast, was disappointed by some pools, left because of chaos, tweaked GPU cards, switched off computers, forgot to put --scrypt :-) etc.

Now I am in calmer waters, and know more what I do, and essentially just observe what drops into my wallet  - but that is the result of active learning, and most of it all, book keeping.


I created an Excel file with the following columns:

Code:

datetime | datetime diff | khash av 

the datetime diff is e.g. b7 = a7-a6 and gives the exact length of the timespan

more columns:

Code:

Immature Unexchanged Balance | Unexchanged Balance | Balance | Paid Out | total sum middlecoin

the total sum mc is e.g. g7 = sum(d7:g7)

Similiar for a doge-pool which is my failover when middlecoin is ill

Code:

confirmed	| unconfirmed | total sum dogecoins

Then I have two more columns

Code:

doge/eur | btc/eur

with current exchange rates which I look up at
http://preev.com/ and
http://www.cryptocoincharts.info/#jump-doge-btc

and then of course, and very very important, measured with a 8 euro powermeter:

Code:

kWh | kWh in Euros | kWh-euro-diff

From all that I can then calculate

Code:

total doges in euros | total earnings in euro | earnings since last time

subtract the electricity and get:

Code:

profit since last time

and as I want to see how it scales:

Code:

average profit estimated per day per megahash

done.

I see how much it is fluctuating. Not so much actually.
Around Xmas it was gruesome, but fortunately I kept my coins in BTC, and now ... the past looks better :-)

With each new pool/coin I try out I need to insert new columns, yeah bad, but not too bad


And all that goes into ONE LINE in Excel, because then the next line is just filling in the values, pulling a few calculation cells down - and the result is there.


Does this help?
Overanswered, I guess :-)

[LPCobris]

wow, H2o did it. 



we're on the moon now.

LOOOOOOOOOOOOOOOOOOOOOOOL

Middlecoin going on the moon!



LPC

[coin123123]

I've been watching us server for a while and seems it switches between doge ltc ftc wdc, according to coinwars minetips and coinchoose there is no logic to this cause ltc is never more profitable than others, ftc even less profitable than ltc, and beside those there are about 15 other coins which are more profitable.

also it switches about every minute which is waste because profitability not changing that frequently.

meanwhile most my power back to multipool because their switching algorithm is more profitable but I hope to be back if it fixed.

[LPCobris]

So what is the information that i need to keep paying attention? the blue bar?

Can anyone reply on this matter?

I guess no one has replied yet because your questions were already answered fully. Read the answers again :-)


You want to learn more how to understand and compare profitability, right?

Perhaps it helps you if I share what I did because I needed to know exactly ... and for my first weeks of mining, I have had a very close look at sometimes less-than-one-day phases, because I was switching pools fast, was disappointed by some pools, left because of chaos, tweaked GPU cards, switched off computers, forgot to put --scrypt :-) etc.

Now I am in calmer waters, and know more what I do, and essentially just observe what drops into my wallet  - but that is the result of active learning, and most of it all, book keeping.


I created an Excel file with the following columns:

Code:

datetime | datetime diff | khash av 

the datetime diff is e.g. b7 = a7-a6 and gives the exact length of the timespan

more columns:

Code:

Immature Unexchanged Balance | Unexchanged Balance | Balance | Paid Out | total sum middlecoin

the total sum mc is e.g. g7 = sum(d7:g7)

Similiar for a doge-pool which is my failover when middlecoin is ill

Code:

confirmed	| unconfirmed | total sum dogecoins

Then I have two more columns

Code:

doge/eur | btc/eur

with current exchange rates which I look up at
http://preev.com/ and
http://www.cryptocoincharts.info/#jump-doge-btc

and then of course, and very very important, measured with a 8 euro powermeter:

Code:

kWh | kWh in Euros | kWh-euro-diff

From all that I can then calculate

Code:

total doges in euros | total earnings in euro | earnings since last time

subtract the electricity and get:

Code:

profit since last time

and as I want to see how it scales:

Code:

average profit estimated per day per megahash

done.

I see how much it is fluctuating. Not so much actually.
Around Xmas it was gruesome, but fortunately I kept my coins in BTC, and now ... the past looks better :-)

With each new pool/coin I try out I need to insert new columns, yeah bad, but not too bad


And all that goes into ONE LINE in Excel, because then the next line is just filling in the values, pulling a few calculation cells down - and the result is there.


Does this help?
Overanswered, I guess :-)

Whoa Drakoin!
That is deep!

Can you send me the file you made to see if i can make some order out of all this information stream?
I can give you my email via PM if you wish...

I don´t really know an awfull a lot, but im learning (or at least trying!)...

Thanks in avance for the attention...

Best Regards,

LPC

[Pita]

wow, H2o did it. 

https://i.imgur.com/6A1Xacf.png

we're on the moon now.

LOOOOOOOOOOOOOOOOOOOOOOOL

Middlecoin going on the moon!



LPC

Middlecoin long surpassed the moon now! We are shooting towards the Jupiter now!

[gtraah]

I've been watching us server for a while and seems it switches between doge ltc ftc wdc, according to coinwars minetips and coinchoose there is no logic to this cause ltc is never more profitable than others, ftc even less profitable than ltc, and beside those there are about 15 other coins which are more profitable.

also it switches about every minute which is waste because profitability not changing that frequently.

meanwhile most my power back to multipool because their switching algorithm is more profitable but I hope to be back if it fixed.

Could it be possiblt that the coins you are seeing are not the actual coins we are mining. H2o trying to hide the real mined coins?

Because if that is true and those are the coins, then this is weird why would we be mining some of the least profitable coins

[hardergamer]

I've been watching us server for a while and seems it switches between doge ltc ftc wdc, according to coinwars minetips and coinchoose there is no logic to this cause ltc is never more profitable than others, ftc even less profitable than ltc, and beside those there are about 15 other coins which are more profitable.

also it switches about every minute which is waste because profitability not changing that frequently.

meanwhile most my power back to multipool because their switching algorithm is more profitable but I hope to be back if it fixed.

Could it be possiblt that the coins you are seeing are not the actual coins we are mining. H2o trying to hide the real mined coins?

Because if that is true and those are the coins, then this is weird why would we be mining some of the least profitable coins

But we are geting close to 11000mh/s now

[jedimstr]

• (and I average 4-5% rejects with middlecoin since the server update)

What Server Update? I was just told it has not happened yet? I am on the US server and a few hours ago I had massive Hash reduction and D/c's

Although the past 45 min I have been hearing my rig go Full blast , Full Hash, Full speed.

Not sure if he implemented the fix within the last 45 min or not :\

Sorry I misunderstood you earlier.  He fixed the US server coin hopping issues yesterday.  Thought you were talking about the EU server which he'll bring into sync with US tomorrow (Monday USA time).

Btw - my miners pointed to US server as primary show less switching to failover/backups and less temp drops/hash drops starting 2/3rds into January 4th US time.  So H2odysee definitely did something to the US servers when he said he would. You can see it best in my temp graph below. Look at the less spikeyness of the temps after the change on Jan 4. The spikeyness were caused by the constant coin changes.  Much less often now. I haven't seen the hashrate droppoff and disconnects you mentioned.  Do you see it for other accounts if you click around on the site?  If anything, mine have been happy and constant since yesterday.

[sykal]

How is the 7950 and 280x king when the 270 uses less power?

I think he is referring to KH per Watt

Yup... there are plenty of cards out there and integrated Intel GPUs that use less power... but aren't worth crap for their hashrate.

So the 7950 is still king when it comes to KH/s at its power consumption rate.  Especially when you use one of Lantis' scrypt bin files for cgminer and if you undervolt with the .967v firmware.

Ah, gotcha-

[LPCobris]

Dammmm....

Ppl, where talking about how bad was this pool...
So for im very pleased... this latest payment was the best atm... very nice indeed!

Even the main graphic show payment of a lot of BTC...



Middlecoin ftw!..

LPC

[Shaban]

I'm sorry, I missed it, but did anyone see how much the pool balance was  before they payout? The graph shows over 140BTC, but the payout transaction said 107BTC were paid out.

Also, at 5,000mhs, we were averaging around 100-120 BTC/day now with 10,000mhs, shouldn't we be averaging 200-240 BTC/day?

[jimprofit99]

Dammmm....

Ppl, where talking about how bad was this pool...
So for im very pleased... this latest payment was the best atm... very nice indeed!

Even the main graphic show payment of a lot of BTC...



Middlecoin ftw!..

LPC

The main graph means nothing as long as the total hash power increase.  Personally, I'm around 10% below a normal payout.

CoinGeek, won't it be more interesting to be "up to the moon" when we reach a certain number of BTC by MH?  We were in fact really up to the moon when we were having 100 BTC with 5000MH a month ago, but now, we need the double to make the comparison.

[Pita]

I'm sorry, I missed it, but did anyone see how much the pool balance was  before they payout? The graph shows over 140BTC, but the payout transaction said 107BTC were paid out.

Also, at 5,000mhs, we were averaging around 100-120 BTC/day now with 10,000mhs, shouldn't we be averaging 200-240 BTC/day?

There were apparently multiple payout transactions, the one for 107 and another for 14 and who know what other ones.

https://blockchain.info/tx/ff4c959f19aa5bcee0c7b2893f72ad9cb97c35e0e73c0ff7ceb135ec1fc4672c?currency=MBC
https://blockchain.info/tx/ed73cf107de5713e9c592024897abc3dc7e6f68072c3a362e01a1980db4c8aa1?currency=MBC

As far as with the increased hash vs BTC earnings, you need to take difficulty and altcoin fluctuations into consideration as well.