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

[Catswold]

[Firebug24k]

I've noticed the profit projections are really high on a couple of pools today, and that the various hash rate leasing services are up pretty high as well.  As in, jumped to at least .015 per mH.  Any idea what coin is doing so well today and driving up the prices?  For example, wafflepool has doubled their profit so far per MH for today over yesterday.

[Vinz87]

All jokes aside am I the only one who didn't receive a payout today?

I am over the 0.01 BTC threshold. Here is my chart: http://middlecoin.info/flotchart.php?BTC=1DqFB2bvP2w8PgwXCMfweLWwApGgevF4VB

I didn't get the last payout at 2/15/2014.

Anyone else?

Still waiting for the payout to arrive in my wallet  

+1

There is a transaction ID associated with our payouts so I don't know where the Bottleneck is on the BitCoin network.

Any ideas, anyone?

me too i'm waiting for my weekly payout, balance under 0.01

[Damnsammit]

OMFG I DIDNT GET A PAYOUT TODAY

MY LIFE IS OVER

ALSO IT LOOKS LIKE AYCH TWO OH BE STEALING 30% OF MY HASH RAYZ

[Freekje]

any word on why the stats aren't updated ?

[Wipeout2097]

@newbies and whiners: in the long term, this seems the best pool. Of course, there are days that other pools beat MC. Nothing forces you to stay here everyday, though.

That said, most-profitable pools popping up like mushrooms are destroying value for everyone. So are the scrypt ASICs.

[DannyAves]

@newbies and whiners: in the long term, this seems the best pool. Of course, there are days that other pools beat MC. Nothing forces you to stay here everyday, though.

That said, most-profitable pools popping up like mushrooms are destroying value for everyone. So are the scrypt ASICs.

Mining is not a sprint, it is a marathon so don't think Usain Bolt think Mo Farah.

[cyclops]

Yep, stats not updating...

[2Alpha]

For everyone that uses my BFP Tool I have updated it so it displays middlecoin.com data again. Sorry for the inconvenience and thank you to everyone that pointed it out I do appreciate it.

[fcmatt]

Is it normal for the pool to hang on to such a large amount of alt coins like this? Does the admin try to time the markets?

And yes i am new. Just trying to understand what is going on. I guess i am not used to being in the dark so much.
Not here to bash the pool. Just discuss it. I am still mining away.

[elpsycongro]

Is it normal for the pool to hang on to such a large amount of alt coins like this? Does the admin try to time the markets?

And yes i am new. Just trying to understand what is going on. I guess i am not used to being in the dark so much.
Not here to bash the pool. Just discuss it. I am still mining away.

holding on to unexchanced for this pool is normal , and ussually h20 will at some point sell it and then we have a good week,  however i have never seen it accumulate this much but i have only been here for 2.5 months so i couldn't say how often this has happened prior to December.

[kylekartan]

Is it normal for the pool to hang on to such a large amount of alt coins like this? Does the admin try to time the markets?

And yes i am new. Just trying to understand what is going on. I guess i am not used to being in the dark so much.
Not here to bash the pool. Just discuss it. I am still mining away.

Normal...not exactly...unheard of? nope. It happens from time to time, h20 will wait a bit for the coin (whatever it is) to be more profitable before exchanging it. It happens from time to time, and it's almost always worth waiting as it usually means a particularly good payday is around the corner.

Get used to being in the dark...h20 isn't the best at communicating everything, but ultimately it doesn't matter as I get paid and I have to do next to zero work to maintain my miners.

[Tripjammer]

No payout here either. H20 needs to come correct which I know he will if not peeps will leave in droves.

Post something on twitter h20 tell us something...

Also stats are fucked again...I don't think they ever work yesterday..

[-droid-]

I got .027 yesterday for 7mh, but un-exchanged is pretty high

[igroock]

Interesting, is Middlecoin exposed to MtGox unsolvency?

Who knows. All I can tell is you issues have been therefrom the start. I dont know how the pool got so big with that many issues. Unless people leave their systems unattended, then maybe that is why its able to maintain such high hash rates. I know if I was running a business, which is what MC is, I would communicate with people that support your pool on a daily basis, or at least employ someone to do that.

I also dont understand why people arent taking advantage of other pools such as Waffle and HashBros.

IF YOU DON'T LIKE IT HERE, GO SOMEWHERE ELSE. LEAVE.  EXHUENT.  DEPART. 



What is so effing hard about that concept?  Are you are brain dead, a masochist, or just another self-obsessed, "look at poor little me" whiner?

Why you so mad though? Go outside and get some fresh air

[Damnsammit]

Who knows. All I can tell is you issues have been therefrom the start. I dont know how the pool got so big with that many issues. Unless people leave their systems unattended, then maybe that is why its able to maintain such high hash rates. I know if I was running a business, which is what MC is, I would communicate with people that support your pool on a daily basis, or at least employ someone to do that.

I also dont understand why people arent taking advantage of other pools such as Waffle and HashBros.

That answer is easy.  It was more profitable than any other pool since it's inception.  Now there are clones of it, but h2o has them beat in terms of experience, so I stick with him.

Go take advantage of your CleverWaffleBros.  No one will stop you.

[fcmatt]

Who knows. All I can tell is you issues have been therefrom the start. I dont know how the pool got so big with that many issues. Unless people leave their systems unattended, then maybe that is why its able to maintain such high hash rates. I know if I was running a business, which is what MC is, I would communicate with people that support your pool on a daily basis, or at least employ someone to do that.

I also dont understand why people arent taking advantage of other pools such as Waffle and HashBros.

That answer is easy.  It was more profitable than any other pool since it's inception.  Now there are clones of it, but h2o has them beat in terms of experience, so I stick with him.

Go take advantage of your CleverWaffleBros.  No one will stop you.

I dont think telling people to stop giving criticism of the pool and going else where is constructive. Sure, complaining bitterly at the first  sign of a problem aint cool but people do have to alert others that it is just not them. Also expecting an admin to be posting on the forums 24 hours a day aint realistic also.

But i do bet middlecoin got a lot of new users over the last few days so being on top of things is in the admins benefits until they get more comfortable. But anyway.. People will decide for themselves. I figured at least 3 full days of mining before my payout became normal and it is on track. Expecting middlecoin to be like pps or prop is not realistic. So here is to looking forward to better payouts and the admin has a lot more to lose then i do. He will get us back on track.

[g0re79]

Stats back for me, bit confusing results imho but i don´t care at all - loosing a day or week of mining is not so big deal (unlike other noob bitching wannaberichsoon scums thinks). I´d more like to know how many ppl are involved in running MC - everyone can count how nice profit is 3% from 22GHs of scrypt - hope its enough to hire some really tought guys to secure daily income of +200k USD from mining.. Otherwise I hope H2O is tripple handed ninja king living in vault 200ft bellow surface

[jedimstr]

The high unexchanged is fairly common. People ask about it every week.

I've been on Middlecoin continuous since last summer, and beta tested them with another address earlier in 2013.  Others pools have popped up on occasion and I've tried most of them.  Only Hashcows came close to matching Middlecoin's rate of payout averaged over a long span of time, but they haven't been the same since their holiday hack.

None of the other pools have Middlecoin's primary strength: H20dyssey's ability to sell coins when no one else can at a price no one can match.  He manually trades like a hedgefund manager instead of just relying on Autotrade. High unexchanged is an artifact of this.

Biggest example was during the Doge craze during the winter holidays.  He jumped on Doge 4 days before any other pool did, then waited to sell until Cryptsy locked up with Doge exchange issues.   Hashcows and direct Doge miners couldn't sell on their favored exchange.  People were clamoring to buy but couldn't.   H20 sold and we made a killing.  That's what your 3.88% or so fee goes to.   Well worth it.  

So don't worry about these high unexchanged values.  I love it when they get high, because at the end of the day, we get a bigger payout than if we just autosold everything like all the other multi pools out there during a market downtrend.

BTW- this isn't even close to the highest unexchanged values we've seen.

[Damnsammit]

The high unexchanged is fairly common. People ask about it every week.

I've been on Middlecoin continuous since last summer, and beta tested them with another address earlier in 2013.  Others pools have popped up on occasion and I've tried most of them.  Only Hashcows came close to matching Middlecoin's rate of payout averaged over a long span of time, but they haven't been the same since their holiday hack.

None of the other pools have Middlecoin's primary strength: H20dyssey's ability to sell coins when no one else can at a price no one can match.  He manually trades like a hedgefund manager instead of just relying on Autotrade. High unexchanged is an artifact of this.

Biggest example was during the Doge craze during the winter holidays.  He jumped on Doge 4 days before any other pool did, then waited to sell until Cryptsy locked up with Doge exchange issues.   Hashcows and direct Doge miners couldn't sell on their favored exchange.  People were clamoring to buy but couldn't.   H20 sold and we made a killing.  That's what your 3.88% or so fee goes to.   Well worth it.  

So don't worry about these high unexchanged values.  I love it when they get high, because at the end of the day, we get a bigger payout than if we just autosold everything like all the other multi pools out there during a market downtrend.

BTW- this isn't even close to the highest unexchanged values we've seen.

Bingo.

That's the primary reason I haven't even tried the other clones.  Maybe if someone else makes a pool that can be better than Middlecoin then I will switch, but I always hear mixed reviews which either put them on par with Middlecoin or slightly less profitable.