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

[klotzenhotz]

I just looked at Coinsolver from your sig. Don't know if it's your project or not, but I hope you allow a question. I see there: "Currently Mining [Franko], Difficulty   1.45617,
Est BTC/Day/MH/s   0.00277503, Est USD/Day/MH/s   $1.78"

Are these $1.78 accurate? I mean, if I mine LTC, I get 0.2 LTC per 1 MH/s and day, according to calculators. 0.2 LTC is $3.38 / 0.005 BTC on BTC-E at the moment. It's just a question, so, no offense or anything. Just asking. (you write "beta", so is it running at all?)

[st4nl3y]

according to poolpicker :




can someone confirm this please

[Thirtybird]

according to poolpicker :



can someone confirm this please

I confirm - it's a graph!

[zneww]

I just looked at Coinsolver from your sig. Don't know if it's your project or not, but I hope you allow a question. I see there: "Currently Mining [Franko], Difficulty   1.45617,
Est BTC/Day/MH/s   0.00277503, Est USD/Day/MH/s   $1.78"

Are these $1.78 accurate? I mean, if I mine LTC, I get 0.2 LTC per 1 MH/s and day, according to calculators. 0.2 LTC is $3.38 / 0.005 BTC on BTC-E at the moment. It's just a question, so, no offense or anything. Just asking. (you write "beta", so is it running at all?)

It is not my project. I just support it. A lot of coins have KGW so the diff changes, market prices change. etc.

[st4nl3y]

I confirm - it's a graph!

lol, nice1 mate 

What i meant was that middlecoin came back to the top of the list with 0.008328 per mh/s

[UdjinM6]

200% LTC
https://twitter.com/ghash_io/status/443823671186960384/photo/1

[Dishes]

I confirm - it's a graph!

lol, nice1 mate  

What i meant was that middlecoin came back to the top of the list with 0.008328 per mh/s

Middlecoin was on top yesterday because on Wednesdays the >0.001 payouts go out. So the total BTC paid is higher. Look at the graph now.

[keyane]

Yeah I have about $USD30 worth of bitcoins there will never get payed out because when I started mining I put in the wrong address, I have asked hyo2see to move it to the right account but to no avail. I have switched to wafflepool and they have been pretty consistent in paying me.

[kileris]

I am with everyone that is going to Ghash for the
2 X Litecoin rewards week.  No multipools are even
coming close to that now. See first sig below.

aaaaaand it's gone

[andre1980]

I am with everyone that is going to Ghash for the
2 X Litecoin rewards week.  No multipools are even
coming close to that now. See first sig below.

aaaaaand it's gone

Indeed, didn't take more than a day for them to break their promise. I'll give it a few hours. If by then i don't have near the 2x reward, i'll switch back to waffle. At least they are consistent.
Ghash could have seen it coming..

[ebliever]

Anyone know what has happened to Middlecoinforum.com?  It's been down over a day now, with no warning or explanation.

[jedimstr]

I am with everyone that is going to Ghash for the
2 X Litecoin rewards week.  No multipools are even
coming close to that now. See first sig below.

aaaaaand it's gone

Indeed, didn't take more than a day for them to break their promise. I'll give it a few hours. If by then i don't have near the 2x reward, i'll switch back to waffle. At least they are consistent.
Ghash could have seen it coming..

They're just trying to reduce the chance of getting over 51% of the LTC network.


Pool Speed   Reward multiplier
0 – 40 GH/s   x2
40 – 60 GH/s   x1.25
60+ GH/s   x1

Right now the last few shifts are just below 40 GH for the pool so the next block will payout 2x.  A few blocks before were at x1.25, but for most of last night and yesterday it was at the full 2x.

Even at x1.25 it'll be more than we've been seeing from any of the multi pools lately.

That said, I'd rather more people don't join and some people leave to keep it at 2x...

[andre1980]

I am with everyone that is going to Ghash for the
2 X Litecoin rewards week.  No multipools are even
coming close to that now. See first sig below.

aaaaaand it's gone

Indeed, didn't take more than a day for them to break their promise. I'll give it a few hours. If by then i don't have near the 2x reward, i'll switch back to waffle. At least they are consistent.
Ghash could have seen it coming..

They're just trying to reduce the chance of getting over 51% of the LTC network.


Pool Speed   Reward multiplier
0 – 40 GH/s   x2
40 – 60 GH/s   x1.25
60+ GH/s   x1

Right now the last few shifts are just below 40 GH for the pool so the next block will payout 2x.  A few blocks before were at x1.25, but for most of last night and yesterday it was at the full 2x.

Even at x1.25 it'll be more than we've been seeing from any of the multi pools lately.

That said, I'd rather more people don't join and some people leave to keep it at 2x...

The reasoning is understandable, but they should have anticipated that.
But, 1.50x for 40-60 would be better. The 60+ should be 1,25 so at least there is some extra gain..

I'm at 1.07335834 LTC after 12 hours with 7MH/s. Is this OK? I usually only do BTC..
(Do i need to set stratum difficulty? They are set at 0 right now as default..)

[Eastwind]

The reasoning is understandable, but they should have anticipated that.
But, 1.50x for 40-60 would be better. The 60+ should be 1,25 so at least there is some extra gain..

I'm at 1.07335834 LTC after 12 hours with 7MH/s. Is this OK? I usually only do BTC..
(Do i need to set stratum difficulty? They are set at 0 right now as default..)

Theoretically, you should get 1.5 LTC, however, because of the PPLNS system, you have to stay there long to have all your shares counted.

[andre1980]

Well Ghash didn't expect all the multipools to jump on their promo,
so the tiered reduction was "needed" to prevent 51% attack, lol.
They should have just honored their offer and not allowed new sign ups,
but it seems that whales and multipools are just mining when <40GH/s
and then switching back and forth for the week.  I haven't mined
litecoin in a long time and have nothing in my wallet, so I am going
to take advantage of the 200% bonus, even if it dips to 125% every now
and then.

Well, it's now constantly at 1,25 because they lowered the GHS to 25-60 for 1,25. The pool was only BELOW 25 before this "DEAL".
It's not really worth much anymore. A failed marketing attempt (Yes, they were the number 1 LTC pool for a day.. But since they don't bother to keep their promises..) at best.

I'll wait until tomorrow and move away..

[jedimstr]

Well Ghash didn't expect all the multipools to jump on their promo,
so the tiered reduction was "needed" to prevent 51% attack, lol.
They should have just honored their offer and not allowed new sign ups,
but it seems that whales and multipools are just mining when <40GH/s
and then switching back and forth for the week.  I haven't mined
litecoin in a long time and have nothing in my wallet, so I am going
to take advantage of the 200% bonus, even if it dips to 125% every now
and then.

Well, it's now constantly at 1,25 because they lowered the GHS to 25-60 for 1,25. The pool was only BELOW 25 before this "DEAL".
It's not really worth much anymore. A failed marketing attempt (Yes, they were the number 1 LTC pool for a day.. But since they don't bother to keep their promises..) at best.

I'll wait until tomorrow and move away..

I wouldn't call it failed per se... shitty move yes... but failed???
We're all talking about it on almost every Altcoin forum related or not...
And they'll have quite a few people try out GHash's pool and see that they also have Bitcoin (the biggest pool on BTC), Dogecoin, Feathercoin, AuroraCoin and cloud mining contracts and futures (where they actually make most of their money) not to mention an active Exchange...

I think it was pure marketing genius for minimal expense for them... 

But yeah...still a shitty move to shift the tiers down again.

[onscreen]

Middlecoin officially the worst over the last month.

Any idiots remaining on this pool should reconsider

https://i.imgur.com/MjyZeHC.png

[BombaUcigasa]

Middlecoin officially the worst over the last month.

Any idiots remaining on this pool should reconcider

Yeah, clearly...

[zneww]

thats pitiful

[grendel25]

thats pitiful

0.009 mh/s is pitiful?  Edit: or my math sucks.  yeah, you're right.  .001 is pitiful.  wonder wtf is going on here.  10Ghash is respectable and should yield some good results.