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

[The Fat Miner]

Can somebody put me straight, At the moment it says based on my hashrate I should probably earn $25-27 a day , Now the price of BTC has fallen quite significantly , Shouldn't we be paid slightly more to account for that ? Or what ?

BCT-USD exchange rates have nothing to do with your middlecoin payout. If the coins middlecoin is mining (atm DOGE and LOT mostly) make gains relative to BTC, your payout will go up. If they drop relative to BTC, your payout will go down.

That's exactly my point thanks

Then why do you mention USD? Altcoin values usually follow BTC values pretty closely, much more closely than they follow USD. If BTC goes down, most Alts go down too, so you will about the same BTC payout.

Because I thought people would understand what I am saying , Obviously I was wrong  

[The Fat Miner]

Someone who doesn't act like an entitled prick.

GTFO

Err ok so everyone on here must be an entitled prick I suppose then , Seeing as we are not all mining for butterfly's ?

[envy2010]

Can somebody put me straight, At the moment it says based on my hashrate I should probably earn $25-27 a day , Now the price of BTC has fallen quite significantly , Shouldn't we be paid slightly more to account for that ? Or what ?

BCT-USD exchange rates have nothing to do with your middlecoin payout. If the coins middlecoin is mining (atm DOGE and LOT mostly) make gains relative to BTC, your payout will go up. If they drop relative to BTC, your payout will go down.

That's exactly my point thanks

Then why do you mention USD? Altcoin values usually follow BTC values pretty closely, much more closely than they follow USD. If BTC goes down, most Alts go down too, so you will about the same BTC payout.

Because I thought people would understand what I am saying , Obviously I was wrong  

Obviously, since nobody seems to understand you. You aren't going to get more or less USD or BTC just because the USD-BTC exchange rate changed. Nothing at middlecoin specifically depends on the USD-BTC rate.

[brightfist]

Because I thought people would understand what I am saying , Obviously I was wrong  

To be fair, it appeared like you were assuming some kind of guaranteed pay rate, and wondering why something/someone magically doesn't account for rises/falls in exchange rates.  I know you didn't mean it that way, but I saw it like that the first time I read it.

[The Fat Miner]

Can somebody put me straight, At the moment it says based on my hashrate I should probably earn $25-27 a day , Now the price of BTC has fallen quite significantly , Shouldn't we be paid slightly more to account for that ? Or what ?

BCT-USD exchange rates have nothing to do with your middlecoin payout. If the coins middlecoin is mining (atm DOGE and LOT mostly) make gains relative to BTC, your payout will go up. If they drop relative to BTC, your payout will go down.

That's exactly my point thanks

Then why do you mention USD? Altcoin values usually follow BTC values pretty closely, much more closely than they follow USD. If BTC goes down, most Alts go down too, so you will about the same BTC payout.

Because I thought people would understand what I am saying , Obviously I was wrong  

Obviously, since nobody seems to understand you. You aren't going to get more or less USD or BTC just because the USD-BTC exchange rate changed. Nothing at middlecoin specifically depends on the USD-BTC rate.

Sorry I didn't realise I was speaking in another language , I must be going mad     

[ButterBread]

Still waiting for the earth shattering problem.

 

[ButterBread]

Please give me Bitcoins so I can buy more food

Nah, that would make you an even fatter miner!

[Gamer67]

Still waiting for the earth shattering problem.

 

That's what I thought.

[The Fat Miner]

Please give me Bitcoins so I can buy more food

Nah, that would make you an even fatter miner!

I could change my name lol

[uh60james]

Are we on fastcoin?  At 1024 diff my 750 khash doesn't even have a chance to get a share before a new block.

Disregard:  We switched.

[socket]

I've just noticed that I've been mining and submitting share for the last 24+ hours or more but I'm getting *ZERO* credit.  That's quite upsetting...

[ButterBread]

I've just noticed that I've been mining and submitting share for the last 24+ hours or more but I'm getting *ZERO* credit.  That's quite upsetting...

Typo in your wallet address?

[logi]

Sorry I didn't realise I was speaking in another language , I must be going mad     

For what it's worth, I understood what you were asking, and was quite surprised at the fallout

It is a legitimate question, is there any correlation between BTC-USD and BTC-ALTCOIN exchange rates. From the answers you received, I guess not.

[The Fat Miner]

Sorry I didn't realise I was speaking in another language , I must be going mad    

For what it's worth, I understood what you were asking, and was quite surprised at the fallout

It is a legitimate question, is there any correlation between BTC-USD and BTC-ALTCOIN exchange rates. From the answers you received, I guess not.

Thank god I'm not alone, I type a lot better than I talk, They probably wouldn't have a clue what I'm talking about face to face, From a rough upbringing  

[sambiohazard]

Is diff back to 512 as I have submitted more shares than i normally do at 1024 diff?

[64dimensions]

Comment(s) on the incessant whinging over the middlecoin payouts:

1) This pool is mining a huge amount of dubious financial instruments - altcoins, in which it has to dump on ill-liquid exchanges. This is a tough problem.

2) Expect variance in something that has a high rate of return.

3) The ultimate safe, no variance investment is T-bills if you don't want to lose sleep. So if you were to put your $5,000 instead into t-bills, expect about 50 cents a day back.


He who wishes to be rich in a day will be hanged in a year - Leonardo da Vinci

[a1binos]

new miners can't connet to eu.middlecoin.com or just middlecoin.com. But miners, that i start this morning working fine!
even ping midlecoin.com doesn't work! Is DNS allright with this pool???

[uh60james]

Is diff back to 512 as I have submitted more shares than i normally do at 1024 diff?

No, still at 1024.

[Scrubfire]

new miners can't connet to eu.middlecoin.com or just middlecoin.com. But miners, that i start this morning working fine!
even ping midlecoin.com doesn't work! Is DNS allright with this pool???

I would check your spelling.

[sambiohazard]

Is diff back to 512 as I have submitted more shares than i normally do at 1024 diff?

No, still at 1024.

Wow, some magic dust from the rock i guess then. *touch wood*