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

[jam3zs]

For those who are saying they got the best payout yet, what server were you on and how long have you been mining. I've been mining for 20 days on the US server, and yesterday was not a good payout. I was under the impression all servers were running the same code now...

It is the same code, but it's not always the same coins we're mining and it's not always the same amount of coins being traded in.

I think the confusion for some people is that this isn't one big social all mine, all share pool.
The pool keeps track of what you've mined and when you've mined it. You can't directly compare your 2Mh/s with someone else 2Mh/s, not even on the same server.
Some of his coins might have sold, while yours haven't. Your coins will sell next day, with a higher priority of course.
Or a particular coin can crash and h2o will have to sit on it for several days before he can trade it.
The altcoin market is very fluid and he's moving coins generated from over 11Gh/s of mining power these days.

My point is that it's not just a simple y Mh/s = x dollars formula, and it never will be. It's a lot more complicated than this.

And for what it's worth, today's payout was average for me, nothing special. But I got a ton of unexchanged coins, so it'll be better tomorrow.

Agreed!

[Pompobit]

The bug we had, where we got 1% extra rejects that said "duplicate share" has been resolved.

Does it mean that its ok to go --no-submit-stale again?

+1

[jedimstr]

The bug we had, where we got 1% extra rejects that said "duplicate share" has been resolved.

Does it mean that its ok to go --no-submit-stale again?

+1

You should never have --no-submit-stale for coin switching pools.  CGMiner will think some shares are stale when they actually aren't so you should always submit everything. If you enable that, you're essentially throwing money away.

[ak111in]

Is the accepted MH/s on the website correct, for me it is showing 1.07 instead of 2.5 also the total has reduced to 7100 instead of 10000+ ?

[testthewhiterabbit]

Is the accepted MH/s on the website correct, for me it is showing 1.07 instead of 2.5 also the total has reduced to 7100 instead of 10000+ ?

I'm getting a similar error, only 40% of what I should actually be submitting.

[KOTKA]

Can someboy tell me how much BTC can 1m hashrate make per day please?

Yersteday it was 4 $ !!!

[JCviggen]

Can someboy tell me how much BTC can 1m hashrate make per day please?

Yersteday it was 4 $ !!!

My 6.5 MH made 65 dollars at the last payout. Today seems less so far, but I have a ton of unexchanged building up.

[Mikk36]

With this income, there is room for investing a part of it in building a loyal customer base, to build a lifelong business, not a one time off deal.

I wouldn't call this pool a business, a real business would at least have some kind of contact/address/registration information.

I think the whole mining pool scene is more of a wild-west fronteering situation I think..

Hmm.. Fronteering or frontiering? Judging from the urban dictionary entry for frontiering, definitely not that one

Surely there is no "frontiering" its just frontier. My spell check seems to think that way.

MtGox for some reason always seems to have the highest value BTC, but i dont see how because surely then people would just buy on the lower exchanges and sell on Gox and always level out the system.

mtgox pays better because you'll be waiting months on your payout.
At least compared to eg. kraken where I can get a payout in less than 24 hours and reinvest it quickly.

Surely you still get the price you cashed out at thou.
Why do they take so dam long, surely both the BTC and the cash is already there so u just exchange them, the only hard part is taking the fiat out of the system, because thats when laws and govs set involved, but BTC to fiat should be an eassy swap between two accounts.

Bitstamp seems to do it within couple of days, gox from what I've read takes very long. I'm not sure the problem is with banks, they should like to have new big customers, if you are a millions per month company, banks should be happy to get you - if one bank is too slow for your - you can change it. I'm not sure where the actual problem is.

Kraken has been next-day deliver so far for SEPA payments in my little group.

[jam3zs]

With this income, there is room for investing a part of it in building a loyal customer base, to build a lifelong business, not a one time off deal.

I wouldn't call this pool a business, a real business would at least have some kind of contact/address/registration information.

I think the whole mining pool scene is more of a wild-west fronteering situation I think..

Hmm.. Fronteering or frontiering? Judging from the urban dictionary entry for frontiering, definitely not that one

Surely there is no "frontiering" its just frontier. My spell check seems to think that way.

MtGox for some reason always seems to have the highest value BTC, but i dont see how because surely then people would just buy on the lower exchanges and sell on Gox and always level out the system.

mtgox pays better because you'll be waiting months on your payout.
At least compared to eg. kraken where I can get a payout in less than 24 hours and reinvest it quickly.

Surely you still get the price you cashed out at thou.
Why do they take so dam long, surely both the BTC and the cash is already there so u just exchange them, the only hard part is taking the fiat out of the system, because thats when laws and govs set involved, but BTC to fiat should be an eassy swap between two accounts.

Bitstamp seems to do it within couple of days, gox from what I've read takes very long. I'm not sure the problem is with banks, they should like to have new big customers, if you are a millions per month company, banks should be happy to get you - if one bank is too slow for your - you can change it. I'm not sure where the actual problem is.

Kraken has been next-day deliver so far for SEPA payments in my little group.

I have yet to make my first real life withdrawal from BTC to GBP. As I understand I'm probably going to have to use Kraken to do a SEPA transfer into Euro's? to my British Sterling bank account...

Could anyone confirm this (I have googled it but not had much luck

I've never done a SEPA payment before, so i wouldn't know where to begin but I guess if I phone my bank and give them the details from Kraken they'll know what I'm going on about?

[thehun]

Maybe you people will start listening to me when I say that H2O is either

1) Stealing which is evidenced from his taking 90 bitcoins out of the pool and paying it to himself
2) Incompetent and has no idea what he's doing

You're in for more bad pay days guys. Any good pay day I would consider H2O is just trying to trick you into thinking everything is ok, then it will quickly go bad again.

Look who talks about stealing...

[Mikk36]

I've never done a SEPA payment before, so i wouldn't know where to begin but I guess if I phone my bank and give them the details from Kraken they'll know what I'm going on about?

It's quite easy, actually.
You need your bank name, bank address, bank SWIFT/BIC code, your SEPA-compatible account number (if it's not presented to you normally, you can most propably find a calculator on your bank's page, or as You said, you can phone them) and your name.
Those You will input on the Kraken page.

As per EUR or USD to GBP, yeah, I don't think there are any big enough BTC/GBP markets.

[rascal777]

Is there a place I can go to find the daily payout per MH/s?

[Fletch]

Is there a place I can go to find the daily payout per MH/s?

Here, but it hasn't been updated in a while.

[rascal777]

Thanks!

I have a couple of workers at middlecoin.com  I was finding it hard to look through all the BTC addresses, so I had this chrome extension built:

see this post:
https://bitcointalk.org/index.php?topic=291114.msg4381547#msg4381547

[dragonmike]

Hello dear middlecoiners, I've been mining here for the last few weeks with my highly inefficient 4870X2 setup! I'm looking forward to setting up my 6x R9 280x rig this weekend!

Now regarding this:

It's quite easy, actually.
You need your bank name, bank address, bank SWIFT/BIC code, your SEPA-compatible account number (if it's not presented to you normally, you can most propably find a calculator on your bank's page, or as You said, you can phone them) and your name.
Those You will input on the Kraken page.

As per EUR or USD to GBP, yeah, I don't think there are any big enough BTC/GBP markets.

I've been looking at this the last few days and the cheapest solution I seemed to have found so far is:
1) trade out of BTC into EUR on Kraken for 0.2%
2) SEPA transfer to a EUR bank account in the UK
3) Use a cheap FX company to change into GBP (found these guys earlier: http://www.worldfirst.com/) and doesn't charge for transfers.

Sounds good no?

[kenshirothefist]

As per EUR or USD to GBP, yeah, I don't think there are any big enough BTC/GBP markets.
I've been looking at this the last few days and the cheapest solution I seemed to have found so far is:
1) trade out of BTC into EUR on Kraken for 0.2%
2) SEPA transfer to a EUR bank account in the UK
3) Use a cheap FX company to change into GBP (found these guys earlier: http://www.worldfirst.com/) and doesn't charge for transfers.

Sounds good no?

For all of you that are in the EU SEPA zone: use Bitstamp https://www.bitstamp.net ... fast, secure and easy to use with low fees.

[JohnDoeCrypto]

As per EUR or USD to GBP, yeah, I don't think there are any big enough BTC/GBP markets.
I've been looking at this the last few days and the cheapest solution I seemed to have found so far is:
1) trade out of BTC into EUR on Kraken for 0.2%
2) SEPA transfer to a EUR bank account in the UK
3) Use a cheap FX company to change into GBP (found these guys earlier: http://www.worldfirst.com/) and doesn't charge for transfers.

Sounds good no?

For all of you that are in the EU SEPA zone: use Bitstamp https://www.bitstamp.net ... fast, secure and easy to use with low fees.

+1 on Bitstamp

[dragonmike]

Bitstamp charges more per trade though. And there's no BTC/EUR orderbook is there? Which means you're trading BTC/USD and then exchange to EUR at an unknown rate...

[ButterBread]

If you're in EU : kraken.com gives you SEPA withdrawal for only 0.09 Eur (fixed price) per withdrawal.

Oh and for everyone : they also have a very nifty trading platform, read up on 'trailing stop' orders and use them to ride an upward trend.

Trailing stop? Yes, trailing stop..

[Pay87]

By the way what other multipools exists which auto exchange in ltc or btc?