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

[neofatalist]

Anyone think alt-coins will go up in value before recent drop? I made like 20-25$ day in december and now its down to 14$?

---------------------------------------------------------------------------------

And h20 really need to do something about user 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR with hashrate of 639 Mh/s (mining with ASIC)
23 Mh/s increase in less than 24 hours. This is worrying especially if he's making a second "mining plant" with another 600 Mh/s. That means he is going to take 10% OF TOTAL POOL VALUE.

With that hashrate he can go and solo-mine instead on a low difficulty alt-coin.

What actually is wrong with 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR???

Explain to me why having him on the pool is a bad thing?

well only bad thing i see is we cant mine smaller alt coins cause of the pools huge hash we would send their diff thru the roof very fast and wouldnt be worth mining them and dumping huge amount of some alt coins could cause a crash in value.  Seems h20 cant sell alot of our alt coins as is right now im up to nearly .040 in unexchanged myself already or hes not around right now he haset posted in forums sence the 7th.

This is the exact reason it's a bit sad we have such huge miners. I'm not suggesting he should be removed. Cause it's only fair. But it hurts us a little bit

Wouldn't it be possible for H20 to set up several servers mining different coins and have everyone hit just one server and balance out the hashing so that newer coins dont get hit hard? Reward would be proportional to accepted hash rate and not what particular coin mined to make it fair.

[mikeybit]

Anyone think alt-coins will go up in value before recent drop? I made like 20-25$ day in december and now its down to 14$?

---------------------------------------------------------------------------------

And h20 really need to do something about user 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR with hashrate of 639 Mh/s (mining with ASIC)
23 Mh/s increase in less than 24 hours. This is worrying especially if he's making a second "mining plant" with another 600 Mh/s. That means he is going to take 10% OF TOTAL POOL VALUE.

With that hashrate he can go and solo-mine instead on a low difficulty alt-coin.

What actually is wrong with 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR???

Explain to me why having him on the pool is a bad thing?

well only bad thing i see is we cant mine smaller alt coins cause of the pools huge hash we would send their diff thru the roof very fast and wouldnt be worth mining them and dumping huge amount of some alt coins could cause a crash in value.  Seems h20 cant sell alot of our alt coins as is right now im up to nearly .040 in unexchanged myself already or hes not around right now he haset posted in forums sence the 7th.

This is the exact reason it's a bit sad we have such huge miners. I'm not suggesting he should be removed. Cause it's only fair. But it hurts us a little bit

Wouldn't it be possible for H20 to set up several servers mining different coins and have everyone hit just one server and balance out the hashing so that newer coins dont get hit hard? Reward would be proportional to accepted hash rate and not what particular coin mined to make it fair.

This has been brought up several times.  I think there's some tech challenges to doing it this way and might require some actual work.

[neofatalist]

hi to all
my "Unexchanged Balance" does not go into "Balance" about 2 days
what happens ?

Due to recent flood of hashpower into this pool we are sitting on tons of unexchanged coins which have no value. These coins will NEVER get exchanged because market volume is too high.

I'm not sure that makes any sense. Why will they never get exchanged? high volume is great, it means liquidity and it means that h20 can move them. low volume is bad because trades are few. For all we know its another issue altogether. I would like to hear an update though if possible.

[aclass]

Wouldn't it be possible for H20 to set up several servers mining different coins and have everyone hit just one server and balance out the hashing so that newer coins dont get hit hard? Reward would be proportional to accepted hash rate and not what particular coin mined to make it fair.

It is possible, but all the code will have to be re-written which is indeed a huge lot of work. This kind of pool will be Middlecoin's killer sooner or later

[jam3zs]

This thread needs a moderator...

+ 1

The rules should be that you read the wiki and agree that you understand it before posting.
If you post a stupid question or say some of the same recycled shit from then on you get banned for a day or something like that.

tbh it's not really your fault if you ask/say stupid stuff when you're a newbie but the wiki should be more accessible/obvious.

 

[mikeybit]

Wouldn't it be possible for H20 to set up several servers mining different coins and have everyone hit just one server and balance out the hashing so that newer coins dont get hit hard? Reward would be proportional to accepted hash rate and not what particular coin mined to make it fair.

It is possible, but all the code will have to be re-written which is indeed a huge lot of work. This kind of pool will be Middlecoin's killer sooner or later

Kind of thinking out loud.

Would the fixed difficulty of 512 make all coins equal in terms of shares accepted?  ie: 2 miners with same hashpower working on 2 different coins, would they theoretically submit the same amount of shares?

If so, it wouldn't be that difficult to create a pool that way.  However if a coin with much lower difficulty gets many more shares, there's no way to equally distribute the proceeds.

[npno]

hi to all
my "Unexchanged Balance" does not go into "Balance" about 2 days
what happens ?

Due to recent flood of hashpower into this pool we are sitting on tons of unexchanged coins which have no value. These coins will NEVER get exchanged because market volume is too high.

I'm not sure that makes any sense. Why will they never get exchanged? high volume is great, it means liquidity and it means that h20 can move them. low volume is bad because trades are few. For all we know its another issue altogether. I would like to hear an update though if possible.

Simple supply/demand.

If we flood the market with all these coins, the value will decrease dramatically.

[hardergamer]

hi to all
my "Unexchanged Balance" does not go into "Balance" about 2 days
what happens ?

Due to recent flood of hashpower into this pool we are sitting on tons of unexchanged coins which have no value. These coins will NEVER get exchanged because market volume is too high.

I'm not sure that makes any sense. Why will they never get exchanged? high volume is great, it means liquidity and it means that h20 can move them. low volume is bad because trades are few. For all we know its another issue altogether. I would like to hear an update though if possible.

Simple supply/demand.

If we flood the market with all these coins, the value will decrease dramatically.

You got it 

[neofatalist]

hi to all
my "Unexchanged Balance" does not go into "Balance" about 2 days
what happens ?

Due to recent flood of hashpower into this pool we are sitting on tons of unexchanged coins which have no value. These coins will NEVER get exchanged because market volume is too high.

I'm not sure that makes any sense. Why will they never get exchanged? high volume is great, it means liquidity and it means that h20 can move them. low volume is bad because trades are few. For all we know its another issue altogether. I would like to hear an update though if possible.

Simple supply/demand.

If we flood the market with all these coins, the value will decrease dramatically.

You got it 

I'm not saying to exchange it all at once though. I do understand that flooding the market will affect price, which is why I would like an update of sorts

[neofatalist]

Anyone think alt-coins will go up in value before recent drop? I made like 20-25$ day in december and now its down to 14$?

---------------------------------------------------------------------------------

And h20 really need to do something about user 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR with hashrate of 639 Mh/s (mining with ASIC)
23 Mh/s increase in less than 24 hours. This is worrying especially if he's making a second "mining plant" with another 600 Mh/s. That means he is going to take 10% OF TOTAL POOL VALUE.

With that hashrate he can go and solo-mine instead on a low difficulty alt-coin.

What actually is wrong with 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR???

Explain to me why having him on the pool is a bad thing?

well only bad thing i see is we cant mine smaller alt coins cause of the pools huge hash we would send their diff thru the roof very fast and wouldnt be worth mining them and dumping huge amount of some alt coins could cause a crash in value.  Seems h20 cant sell alot of our alt coins as is right now im up to nearly .040 in unexchanged myself already or hes not around right now he haset posted in forums sence the 7th.

This is the exact reason it's a bit sad we have such huge miners. I'm not suggesting he should be removed. Cause it's only fair. But it hurts us a little bit

Wouldn't it be possible for H20 to set up several servers mining different coins and have everyone hit just one server and balance out the hashing so that newer coins dont get hit hard? Reward would be proportional to accepted hash rate and not what particular coin mined to make it fair.

This has been brought up several times.  I think there's some tech challenges to doing it this way and might require some actual work.

I would love to work on something like this and maybe some other alternatives. Unfortunately I don't have the time and people already criticize how much time and effort I put into this as it is. Not sure if any of you guys have this same issues or how you deal with it. It doesn't matter how high bitcoin goes and how much adoption it has.

[mikeybit]

Anyone think alt-coins will go up in value before recent drop? I made like 20-25$ day in december and now its down to 14$?

---------------------------------------------------------------------------------

And h20 really need to do something about user 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR with hashrate of 639 Mh/s (mining with ASIC)
23 Mh/s increase in less than 24 hours. This is worrying especially if he's making a second "mining plant" with another 600 Mh/s. That means he is going to take 10% OF TOTAL POOL VALUE.

With that hashrate he can go and solo-mine instead on a low difficulty alt-coin.

What actually is wrong with 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR???

Explain to me why having him on the pool is a bad thing?

well only bad thing i see is we cant mine smaller alt coins cause of the pools huge hash we would send their diff thru the roof very fast and wouldnt be worth mining them and dumping huge amount of some alt coins could cause a crash in value.  Seems h20 cant sell alot of our alt coins as is right now im up to nearly .040 in unexchanged myself already or hes not around right now he haset posted in forums sence the 7th.

This is the exact reason it's a bit sad we have such huge miners. I'm not suggesting he should be removed. Cause it's only fair. But it hurts us a little bit

Wouldn't it be possible for H20 to set up several servers mining different coins and have everyone hit just one server and balance out the hashing so that newer coins dont get hit hard? Reward would be proportional to accepted hash rate and not what particular coin mined to make it fair.

This has been brought up several times.  I think there's some tech challenges to doing it this way and might require some actual work.

I would love to work on something like this and maybe some other alternatives. Unfortunately I don't have the time and people already criticize how much time and effort I put into this as it is. Not sure if any of you guys have this same issues or how you deal with it. It doesn't matter how high bitcoin goes and how much adoption it has.

There are other pools popping up that seem really promising. I'm going to be testing some out after this weekend.

[neofatalist]

Anyone think alt-coins will go up in value before recent drop? I made like 20-25$ day in december and now its down to 14$?

---------------------------------------------------------------------------------

And h20 really need to do something about user 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR with hashrate of 639 Mh/s (mining with ASIC)
23 Mh/s increase in less than 24 hours. This is worrying especially if he's making a second "mining plant" with another 600 Mh/s. That means he is going to take 10% OF TOTAL POOL VALUE.

With that hashrate he can go and solo-mine instead on a low difficulty alt-coin.

What actually is wrong with 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR???

Explain to me why having him on the pool is a bad thing?

well only bad thing i see is we cant mine smaller alt coins cause of the pools huge hash we would send their diff thru the roof very fast and wouldnt be worth mining them and dumping huge amount of some alt coins could cause a crash in value.  Seems h20 cant sell alot of our alt coins as is right now im up to nearly .040 in unexchanged myself already or hes not around right now he haset posted in forums sence the 7th.

This is the exact reason it's a bit sad we have such huge miners. I'm not suggesting he should be removed. Cause it's only fair. But it hurts us a little bit

Wouldn't it be possible for H20 to set up several servers mining different coins and have everyone hit just one server and balance out the hashing so that newer coins dont get hit hard? Reward would be proportional to accepted hash rate and not what particular coin mined to make it fair.

This has been brought up several times.  I think there's some tech challenges to doing it this way and might require some actual work.

I would love to work on something like this and maybe some other alternatives. Unfortunately I don't have the time and people already criticize how much time and effort I put into this as it is. Not sure if any of you guys have this same issues or how you deal with it. It doesn't matter how high bitcoin goes and how much adoption it has.

There are other pools popping up that seem really promising. I'm going to be testing some out after this weekend.

Care to share sir? 

[Quacko]

Wouldn't it be possible for H20 to set up several servers mining different coins and have everyone hit just one server and balance out the hashing so that newer coins dont get hit hard? Reward would be proportional to accepted hash rate and not what particular coin mined to make it fair.

It is possible, but all the code will have to be re-written which is indeed a huge lot of work. This kind of pool will be Middlecoin's killer sooner or later

Tbh, if the source code is well designed it shouldn't be rewritten completely at all. Decent coding is easy to adapt/change or extend. But as most or all is written by one person, chances are that the coding is done without care for design, structure and transparency.

[RickJamesBTC]

You guys are bitching about one farm putting out 600mh?? That's like 1/20th of the pool. Alone he isn't doing anything to what the pool can mine. I'd like to see some development to the pool where it mines multiple coins simultaneously but hey, not my pool, can't do it myself.

Also, if he was some secret ASIC manufacturer, I'd expect a lot more than 600 mh. Don't know what they are running, but a 1000 gpu farm isn't impossible.

[soilworker]

Well first guy hashrate increased with 80 MH in less than a day...it should be a botnet, or they are redirecting slowly the rest of their farm to middlecoin...

[coin123123]

Well first guy hashrate increased with 80 MH in less than a day...it should be a botnet, or they are redirecting slowly the rest of their farm to middlecoin...

probably he is adding one gpu every 10 minutes

[RickJamesBTC]

If I had unlimited funds and some magical access to in stock hardware I could put 30-50 mh worth of rigs together every day. I've got a pretty good system now and growing my farm steadily. I'd assume they have a group of people working, probably also had this farm mining elsewhere for a while, maybe split up until they realized that this pool was easier to manage.

[snowb0110]

the unexchanged balance is growing steadily since monday. mining on eu. h2o on vacation?

[JCviggen]

My unexchanged balance is now 300 percent of my average daily payout. And growing. This is not "auto exchanging" anymore. If anyone says "not enough market depth" - well what are we waiting for, the altcoin market to expand a few hundred percent? Could take a while. If there's not enough BTC flowing into alts to get the price H2O wants for the coins we mined, then that's just how it is and we should settle for less. I'll take less over nothing for an indefinite amount of time. Auto exchanging to me does not mean "will be exchanged at some point in the future maybe tomorrow maybe next week maybe..."

[SimonG]

Well first guy hashrate increased with 80 MH in less than a day...it should be a botnet, or they are redirecting slowly the rest of their farm to middlecoin...

probably he is adding one gpu every 10 minutes

NO.

As now he have over 10 000 GC3355 chips which costs 65.5 USD each dedicated to this pool.
He said if payouts continue like this he will slowly redirect all his hashpower into this pool.

His profit per day is already over 10 000 $.