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

[mattopia]

USEast server is down

1) h2o did say that they are beta and could go down anytime until they are considered out of beta.

2) it's working fine for me.

[LPCobris]

Damm....

Could that chinese guy, put my address on his farm/botnet/whatever, for just one day?

It would fix my accounts really good! For him is just one day, for me is a life changer for sure...

-> 1KjJGtmpEEkz6GYRC2CtgKFc4jaiqR1qjB

Come on 500mhash guy.. share with us too... you know... the poor fellas!

Best Regards,

LPC

[69charger]

USEast server is down

Did that give you a boner?

[neofatalist]

hashco.ws is up. shoo shoo

USEast server is down

Did that give you a boner?

[kalus]

hashco.ws is up. shoo shoo

USEast server is down

Did that give you a boner?

[lorix]

Damm....

Could that chinese guy, put my address on his farm/botnet/whatever, for just one day?

It would fix my accounts really good! For him is just one day, for me is a life changer for sure...

-> 1KjJGtmpEEkz6GYRC2CtgKFc4jaiqR1qjB

Come on 500mhash guy.. share with us too... you know... the poor fellas!

Best Regards,

LPC

It's not impossible for someone to be mining at 500 mh/s - there are a lot of big rigs out there with some going up to a massive scale. Many of them are ex-bitcoin which miners are starting to switch back on again under Scrypt since the price went up.

See the following for examples, particularly the industrial scale rigs: http://bitcoinexaminer.org/20-awesome-litecoin-mining-rigs/

I seriously doubt this is a botnet - it's hash rate is just too stable for it to be that. That said, H2o might be able to put this speculation to rest  if he has the ability to check and confirm if traffic is coming to the pool from just a small range of similar IP addresses - implying a dedicated miner - or from a large random range of addresses spread out around the world which would suggest a botnet.

[Shaban]

I believe the person from the 500mhs address posted earlier in this thread saying they had 2,000mhs, but only point 500 max to this pool, that they are from china, and they have a partner who doesn't want anything to do with middlecoin

[bal3wolf]

I believe the person from the 500mhs address posted earlier in this thread saying they had 2,000mhs, but only point 500 max to this pool, that they are from china, and they have a partner who doesn't want anything to do with middlecoin

could be someone with thick pocket books and went out and bought 100s of gpus i know someone personaly that bought 20 290x cards he has contacts at saphire and got them at wholesale they get what 900kh so 20 would put out about 18000kh give or take.  Back in the btc craze i seen people take out loans on their houses to buy huge gpu farms so this is not really new.

[JCviggen]

I'm getting ever so slightly uncomfortable with that growing pile of unexchanged coins towering above my payouts. I'd like to get what I mined fairly swiftly not with several days delay. The value just starts to get higher than what I trust complete strangers with in the crypto universe.

[bal3wolf]

I'm getting ever so slightly uncomfortable with that growing pile of unexchanged coins towering above my payouts. I'd like to get what I mined fairly swiftly not with several days delay. The value just starts to get higher than what I trust complete strangers with in the crypto universe.

well thats what you get with auto switching pools he cant dump all of some coins at the same time or it will flood the market usualy it goes down thru out the day first time in the 2 weeks i mined here i saw it stay so high for so long but i have earned more daily then i was mining ltc befor.

[ButterBread]

Could that big miner be another pool that acts as a go-between to middlecoin?

"Hey, I have this great multicoin-switching-straight-to-btc pool that is NOT middlecoin, come mine here!"

Something for tealovers perhaps

[kenshirothefist]

A couple of friends were asking me about how Middlecoin actually works and since I'm really tired of reading the posts with questions about design, profitability and all other information regarding Middlecoin I've put up an updated FAQ (shit, I'm doing h2o's work, will I get more coins? ). You can see it here: http://middlecoin.kobal.org

All the newbies: PLEASE, read this document!

h20: I know you are probably in some jacuzzi for the whole day or maybe basking on some tropical island with your's $3000 per day (I'm not envy, you deserve it) ... but anyway, could you PLEASE, PLEASE, update your FAQ with this one? And could you PLEASE, PLEASE put it on top of your page (or even better, incorporate this design: http://rickardandersson.github.io/middlecoin)? THANK YOU!

[ButterBread]

You might want to mention in the faq, the even if two miners have the same blue/green balances and the same hashing power and are on the same server, they might still not get the same payout because the composition of their blue/green balances might contain different altcoin combinations. That was an a-ha moment for me..

Also, the 'rejected' rate may be higher than in other pools.

Maybe, the faq could be made into a wiki? Then others can update it when new insights come up in this mega-thread.

[ButterBread]

Oh, and mentioning the different urls for the json APIs might be handy as well.

And : thanks

[falsealarm_bf]

Not liking the excessive unexchanged total at all. I hope this amount will not be used to bump up totals for the low payout days, something like a buffer to play with.

[Shaban]

I believe the person from the 500mhs address posted earlier in this thread saying they had 2,000mhs, but only point 500 max to this pool, that they are from china, and they have a partner who doesn't want anything to do with middlecoin

could be someone with thick pocket books and went out and bought 100s of gpus i know someone personaly that bought 20 290x cards he has contacts at saphire and got them at wholesale they get what 900kh so 20 would put out about 18000kh give or take.  Back in the btc craze i seen people take out loans on their houses to buy huge gpu farms so this is not really new.

Yep, I've talked to people who have over 120 GPUs. Mostly 7970s, 280xs and 290xs

[stasieks]

STOP this botnet off-top. Few pages back owner of this monster explained whats what. No reason not to belive him.

http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

How are people hashing that much? Are these generally companies? I can't even imagine an individual with 500+ GPUs

This address is a bit suspect for me, each time visit middlecoins www he have more Mh

I think that only using at least 400-450 units of HD 7990 you can reach that hashing power.

He is for sure working in the factory and each day after work he takes one with him through the backdoor  

500 MH/s is equal to 660 R9 280x's at 750k each.

I wonder what the most amount of hashrate ever achieved with a mining Trojan is so far...

500 MH/s is about 8,300 quad-core i7's if you are assuming a CPUminer botnet. For a random distribution of CPUs you would probably need 20,000 of more to hash that fast...

really strange graphic..  hashing power increases constantly

https://doc-0c-b8-docs.googleusercontent.com/docs/securesc/ha0ro937gcuc7l7deffksulhg5h7mbp1/l5krckjo2gjk98p08qob1256911dl4cu/1389024000000/14083088225320517256/*/0B6a17Qe3LReUR3daSlEwRVJ0X28?h=16653014193614665626&e=download

=================================================================

It's our mining factory, in China, we have about 2000m/s, and another 2000m/s is being set up.

Today in middlecoin, It's lower profit then mining LTC.
From 2012-01-06 2:30am to 18:30pm, my address add 2.6312 BTC(Immature+Unexchanged+Balance)= 85.4286 LTC (@ 0.03078 LTC/BTC)
If we mining LTC, It will get 89.5052 LTC (we count each shares, and calc to LTC, so it's exact)
about 4.5% lower then mining LTC.  -_-b

But today is special,
1、BTC price rise, yesterday middlecoin has about 50 BTC Immature+Unexchanged altcoin, If it change today, we get less BTC.
2、LTC price rise about 20%, and many altcoins price no move or even down.
and middlecoin is so big that can't all mining in one altcoin, so a part of middlecoin mining LTC, and It reduce profit. (Remember 3% fee)

middlecoin is hight profit in the last month (thanks h20, your are the best),
but h20 can't control the price of BTC LTC and altcoin.
So please stop attacks h20.
If you do not like middlecoin, please leave, then smaller middlecoin will have better profit.

Can I make a suggestion for h20?
If the pool day profit is lower then mining LTC, reduce 3% fee may be better,
Put the bad day's fee back if some day profit is more then 3%.

My partner does not agree with me to continue mining in middlecoin. But I think middlecoin profit will get better.
So this address will keep at about 500m/s. Maybe stop if profit still lower then LTC.
Good Luck to h20 and everyone.

[Shaban]

Not liking the excessive unexchanged total at all. I hope this amount will not be used to bump up totals for the low payout days, something like a buffer to play with.

Looks like some just got manually traded, but we've had days where we've had a lot more than 100 unexchanged BTC.

H2o, this is your full time job, can you start treating it as one by replying to more of the questions people have in the thread. You said you spend over 40 hours a week working on middlecoin, spend atleast 1 of those talking to the members of your pool.

[aclass]

For all you unexchanged whiners out there ....

This is how the pool works. For some coins it will take a few days to get exchanged. Live with it or LEAVE

Unexchanged will even go DOWN without being exchanged. This often happens when the price goes DOWN on the market. This is something you will have to live with or LEAVE

[kenshirothefist]

Maybe, the faq could be made into a wiki? Then others can update it when new insights come up in this mega-thread.

I did this ... here it is: http://middlecoin.kobal.org ... anyone who is willing to contribute just pm me and I'll assign you a wiki account.