Middlecoin is profitable? Yes. I mined there in 2 months
However, when I did some simple maths, I found that I lose more than win when mining there. Now I chose dedicated pools to mine potential coins. My profit is 2-3 times higher
+1
A. People need to audit their results. Versus expectation.
Note" Sure with less miners on smaller pools the luck factor kicks in during short periods of mining sessions but in the longer term those results even out. Just in case any noobs just to any wrong early conclusions when their results are below expectations.
B. Then toss in the fact they dump coins at terrible times, and charge way too much for doing this.
C. This pool is anything but Transparent. It could be scalping miners and they wouldn't have any clue except in the end results, and even then since the miners have no idea what is mined, when, and for how long, they have no idea how to calculate anything but their end results.
D. Just the few percent in fees to auto-sell/dump is crushing final results so terribly it's not worth it as long as one doesn't mind selling later. Or better yet mine quality coins, hold them for gains, and join the miners whom are cleaning up left and right.
E. Toss in that at least several if not many alternative coins to bitcoin are superior, and that other smaller issues have seen much larger gains and it's silly to even let anyone dump higher quality coins at a huge discount.
F. I couldn't determine if middlecoin is on the level or not. No one can. It's too opaque.
G. The worst part is the miners there are doing none of the coins any favor by auto-dumping them and causing wild price swings. Much less when had they kept those coins a while all too often their worth much more.
Multipools are okay, as long as one can verify what's what, and their not autodumping coins.
My favorite overall pool is also a multipool that doesn't auto-dump coins, but instead rather holds them for their miners. Check them out, I think if you do you'll be glad you did!
https://www.multipool.us/ Toss in it's secure with https and that alone is a great quality for any pool. It's far more difficult to hack a https site versus plain text, non secure http sites. So I always try to find one of those no matter what coin I mine. Just another tip there for those that don't realize that. Plus no one can sniff any login passwords and what not since https makes all data transmissions both ways encrypted at all times. I don't recall middlecoin being https but it may be?
I have nothing to do with
https://www.multipool.us/ except I started mining with them in the Spring of 2013 and watched with awe as they grew into a major set of pools. Jump on their multipool port 7777 or mine whatever you wish on dedicated ports. All in all at least their very transparent, always respond quickly to e-mails so far, and seem extremely ethical and what not. I have mined there more than anywhere else in 2013. If the coins there are on your list it would be smart to check them out. Instead of donating a lot to them I just spread the word about them from time to time here.
So whatever. I tried out middlepool many months ago but I didn't care for the bottom line results, much less aiding wilder prices swings, and all while knowing I was getting a raw deal since their auto-selling and dumping regardless of pricing levels at the exchanges was doing me no favors at all.
Nothing against middlepool per say, except we cannot determine if their being honest with miners, and it's just not that great of a deal regardless, in fact quite the opposite unless one is extremely lazy or extremely time constrained. And even then it doesn't take much time to round up coins and sell them ourselves. I cannot stand non-transparency in any pool so that's my main beef with middlepool.
Caveat emptor - let the buyer beware!
