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

[hardergamer]

I can't stand this difficulty. forced to 1024k on one card? Nothing is getting through fast enough. This is just appalling, my balance failed to change during this whole morning because of it. I had 512k for eons, which was borderline alright, yet now this. Back to hashcows, ffs.

...no you should read the thread, the difficulty only changed within the hour.

as for the changes between 1024 and 512 diff think of it this way.  In theory you'll submit half as many shares, but the shares that you submit are worth twice as much.  It nets out to be the same.  These shares we are submitting most of the time are not block solvers, they're just to show that we've been attempting to generate a blocksolving hash.  So you aren't "throwing" away any coins by not being allowed to submit a diff 512 or diff 1 share

+1

[SimonG]

Diff at 1024 is a huge fucking joke.

As if there were not enough reasons to leave already... omg

Dont stay mining on middlecrap please.

[Anubite]

Your balance "failed to change" because all stats are paused until H2o's database gets updated.

Thank you very much. It kinda looked that way, but I thought I would throw it in to see. I guess that's why I  thought the difficulty problem was longer than it was, I correlated it to my failing stats.

...no you should read the thread, the difficulty only changed within the hour.

as for the changes between 1024 and 512 diff think of it this way.  In theory you'll submit half as many shares, but the shares that you submit are worth twice as much.  It nets out to be the same.  These shares we are submitting most of the time are not block solvers, they're just to show that we've been attempting to generate a blocksolving hash.  So you aren't "throwing" away any coins by not being allowed to submit a diff 512 or diff 1 share

Coins were shifted faster than I could submit work on them, resulting in less than half normal shares by over 10%. One error and it's twice the number of losses, too (like intel cpus in the 90s). Really, with this 290x, it takes over 1-2 minutes to complete one.

[gsrcrxsi]

I keep refreshing my page hoping for an update.

[phrozenspite]

that is short term variance you're talking about.  Nobody generates hashes at exact intervals.  Just like how some coins have blocks solved by the same pool within seconds of eachother.  You might go 5 minutes between shares and have that share rejected only to find within the next 5 minutes that you generated 3 shares

[phrozenspite]

H2O is making $4,000 per day in his fees, but he is too greedy to spend a little bit to upgrade servers, or the website so the graphs display properly, or to buy DDOS protection.

Sounds like the house of cards is falling and people are starting to believe me about H2O's incompetence.

tealover, might you suggest a 100% foolproof DDOS protection service, or estimate how much H2O's servers cost

[Anubite]

This pool is 6x the size of hashcows, yet fails to provide as much option as them, at higher fees, and without poor quality hosting. Seems to me like someone might not have any motivation to upgrade or lower his fees until shit hits the fan or we bail.

[Shaban]

H2O is making $4,000 per day in his fees, but he is too greedy to spend a little bit to upgrade servers, or the website so the graphs display properly, or to buy DDOS protection.

Sounds like the house of cards is falling and people are starting to believe me about H2O's incompetence.

tealover, might you suggest a 100% foolproof DDOS protection service, or estimate how much H2O's servers cost

His cost is probably around $4,000/month max. And he can get cloudflare ddos protection for $200/month. Assuming he's making $2,500/day, it's not much at all.

[fyff]

I really don't think he is greedy its just gotten too much work for him to handle on his own regarding the backend. And the mysterious pool that some people talk about here has been good for like 1 week in January and got its own problems right now. The miracle pool doesn't exist because you would need a team with expertise and time that no pool that I have mined on so far has. I am going to try it myself eventually as a fun project and that is exactly how h20 has started out. This should be all about fun not greedy people hoarding coins with hundreds of servers leeching for profit and blackmailing people if something doesn't work out as they calculated.

[dgross0818]

This pool is 6x the size of hashcows, yet fails to provide as much option as them, at higher fees, and without poor quality hosting. Seems to me like someone might not have any motivation to upgrade or lower his fees until shit hits the fan or we bail.

To be fair... one of the reasons Hashco.ws is so much smaller is because they so epically failed a few weeks back when an internal hole allowed one person to change the withdrawal address of almost every miner...

[Anubite]

H2O is making $4,000 per day in his fees, but he is too greedy to spend a little bit to upgrade servers, or the website so the graphs display properly, or to buy DDOS protection.

Sounds like the house of cards is falling and people are starting to believe me about H2O's incompetence.

tealover, might you suggest a 100% foolproof DDOS protection service, or estimate how much H2O's servers cost

His cost is probably around $4,000/month max. And he can get cloudflare ddos protection for $200/month. Assuming he's making $2,500/day, it's not much at all.

At 12gh/s, he makes over 360 free overclocked r9 290x's worth of mh/s. At about .01 per "card" per day, I expect him to make a minimum of 3.6 BTC per day. MORE than plenty. FEES = TOO HIGH. We are letting ourselves be robbed.

[x0rcist]

Diff at 1024 is a huge fucking joke.

As if there were not enough reasons to leave already... omg

Dont stay mining on middlecrap please.

+ 1

[Shaban]

H2O is making $4,000 per day in his fees, but he is too greedy to spend a little bit to upgrade servers, or the website so the graphs display properly, or to buy DDOS protection.

Sounds like the house of cards is falling and people are starting to believe me about H2O's incompetence.

tealover, might you suggest a 100% foolproof DDOS protection service, or estimate how much H2O's servers cost

His cost is probably around $4,000/month max. And he can get cloudflare ddos protection for $200/month. Assuming he's making $2,500/day, it's not much at all.

At 12gh/s, he makes over 360 free overclocked r9 290x's worth of mh/s. At about .01 per "card" per day, I expect him to make a minimum of 3.6 BTC per day. MORE than plenty. FEES = TOO HIGH. We are letting ourselves be robbed.

Yeah, I know, I just shorted it just in case. I've already figured he makes between 3-5 BTC/day... yesterday he made 6 BTC.

[noegzit]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

[MagicOnline]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

[phrozenspite]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

because an hour is enough time to tell statistical significance?

[Suikoden]

Anyone who has a problem with Middlecoin is welcome to take their farm elsewhere. Plenty of other ones that are more profitable than mining Litecoin, while giving you the options that you want.

As for me --and from the looks of it many others, especially those with large farms -- I am happy to have such a simplistic pool. I don't need to setup a bunch of workers, I don't have to fuss with setting up a bunch of pool addresses to send to Cryptsy or some other exchange and sell my coins, and because of the simplistic design I don't have to worry about losing my bitcoins if the site gets hacked (Hi, Hashcows).

I am happy to give up 3% of my profits if it means everything gets taken care of for me. Should Middlecoin ever becomes consistently less profitable than another pool that does the same thing, then I will swap pools.

I am amazed that some individuals seem to think people should just operate and maintain pools for free and pay out of their own pockets. How dare someone make money off of a service they provide!

[bitter_miner]

Anyone who has a problem with Middlecoin is welcome to take their farm elsewhere. Plenty of other ones that are more profitable than mining Litecoin, while giving you the options that you want.

As for me --and from the looks of it many others, especially those with large farms -- I am happy to have such a simplistic pool. I don't need to setup a bunch of workers, I don't have to fuss with setting up a bunch of pool addresses to send to Cryptsy or some other exchange and sell my coins, and because of the simplistic design I don't have to worry about losing my bitcoins if the site gets hacked (Hi, Hashcows).

I am happy to give up 3% of my profits if it means everything gets taken care of for me. Should Middlecoin ever becomes consistently less profitable than another pool that does the same thing, then I will swap pools.

+100

[MagicOnline]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

because an hour is enough time to tell statistical significance?

I track my WU, normally it's between 1950 and 2250, with the 1024 blocks I'm getting between 1100 and 1600 so yeah it shows.

A lot of the problems started when that other profit pool started to use middlecoin around new year.
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

It doubled middlecoins hashrate...

[phrozenspite]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

because an hour is enough time to tell statistical significance?

I track my WU, normally it's between 1950 and 2250, with the 1024 blocks I'm getting between 1100 and 1600 so yeah it shows.

A lot of the problems started when that other profit pool started to use middlecoin around new year.
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

It doubled middlecoins hashrate...

i believe as people have said that is asic chips being tested. and you might want to check your math if 1000 mhash doubles the hashrate of a pool that is currently at 14000 mhash