[ANN][Pool][Profit-Switch][Optional Auto-Exchange per Coin][Vardiff] ~ Hashcows

[procrypto]

but balance page says everything, right? what coins are traded which is not. I think i count them all.

The balance page doesn't show unexchanged coins, and the est. unexchanged balance elsewhere on the site is borked (and has been since the system was pretty much rebuilt from the ground up post-hack).

The only figures you can truly rely on as 100% gospel right now are your actual balances, which update once a day at 11pm EST for BTC, and at the end of a round for altcoins (as each block matures). Take everything else with a massive grain of salt until nearmiss has had a chance to get the v0.2 public ledger right.

[1715617481]

1715617481

[bitlynx]

Would it be a "fair test" to mine on this pool for 24 hours, then stop and wait 72 hours to see the final balance of what happened during the 24 hours of mining and 48 hours of trading?

[aTriz]

Would it be a "fair test" to mine on this pool for 24 hours, then stop and wait 72 hours to see the final balance of what happened during the 24 hours of mining and 48 hours of trading?

It's been done just a few days ago

http://www.reddit.com/r/litecoinmining/comments/1vfb5w/mchc_test_testing_hashcows_vs_middlecoincom/

Also I hope we get the unexchanged and exchanged values working properly soon. So you can actually see what's coming to you and get a better idea on things.

[hotwired007]

I have decided that the 'all eggs in one basket' approach doesnt work - in my opinion there are two good multicoin pools - i have two GPU rigs - one on each (roughly 1.2-1.4M/hash). If a good third pool came into existance, i would split my rigs in 3

it might not be the most profitable route but it does create the situation where in a worst case scenario i can cover my running costs and if one pool makes a substantial profit and the other doesnt i still benefit - rather than thinking 'i wish i'd been mining there!'

[induktor]

I have decided that the 'all eggs in one basket' approach doesnt work - in my opinion there are two good multicoin pools - i have two GPU rigs - one on each (roughly 1.2-1.4M/hash). If a good third pool came into existance, i would split my rigs in 3

it might not be the most profitable route but it does create the situation where in a worst case scenario i can cover my running costs and if one pool makes a substantial profit and the other doesnt i still benefit - rather than thinking 'i wish i'd been mining there!'

Totally agree, that's what I am doing, I split in three, 2 multipools and 1 litecoin mining.

[induktor]

aTriz, sorry to bother you but 9 hours pending cashout
what happened?
the previous ones where within the hour, now it's stuck.
can you push it?
thanks!
same login name as here.

[Zombie123]

You guys can earn .02BTC/MHZ just by renting your rig http://leaserig.net/index.jsp

[induktor]

You guys can earn .02BTC/MHZ just by renting your rig http://leaserig.net/index.jsp

Never understood that thing of renting hashing power, if it is so profitable, why renting it?, when you can mine yourself, i don't get it.

there are a lot of companies selling shares, specially of BTC ASICS, why would you do that?, isn't that much better buy the rig and mine yourself from a client point of view, and from a company point of view, isn't much more profitable to mine instead of sell shares?.

[AlvaroB]

For me, in statistics, Est. Unexchanged Balance is stuck at 0.00000003

[Catswold]

You guys can earn .02BTC/MHZ just by renting your rig http://leaserig.net/index.jsp

Never understood that thing of renting hashing power, if it is so profitable, why renting it?, when you can mine yourself, i don't get it.

there are a lot of companies selling shares, specially of BTC ASICS, why would you do that?, isn't that much better buy the rig and mine yourself from a client point of view, and from a company point of view, isn't much more profitable to mine instead of sell shares?.

Even more, why would anyone want to rent a rig for more than it can earn on an average day?  Doesn't make sense. 

Gee, I think I'll pay 0.020BTC/day/MH so I can earn 0.018BTC/day/MH (what I earned on Middlecoin last night) . . . UMMM . . . wait, whuuuut?

[dsgx1]

Renting gives a more stable income stream that is not subject to altcoin fluctuations, exchanges fees, pool hacks, etc...

[trogdorjw73]

Renting gives a more stable income stream that is not subject to altcoin fluctuations, exchanges fees, pool hacks, etc...

Um...no it doesn't. Renting hashing power gives you the hashing power to use in the exact same way as a miner. I think the only reason to rent is if you want to accumulate some coins without buying mining hardware and without buying the coins outright, but even that doesn't make much sense as you have to have coins to rent the systems in the first place. Basically, renting is a gamble that apparently a few people are willing to take because they think they can earn more than the cost of the rent. "Tomorrow, I predict that mining CoinX is going to pay me 0.025 BTC per MH, so I'll pay 0.02 BTC per MH and come out ahead!" Unless I misunderstood something?

[dsgx1]

Renting gives a more stable income stream that is not subject to altcoin fluctuations, exchanges fees, pool hacks, etc...

Um...no it doesn't. Renting hashing power gives you the hashing power to use in the exact same way as a miner. I think the only reason to rent is if you want to accumulate some coins without buying mining hardware and without buying the coins outright, but even that doesn't make much sense as you have to have coins to rent the systems in the first place. Basically, renting is a gamble that apparently a few people are willing to take because they think they can earn more than the cost of the rent. "Tomorrow, I predict that mining CoinX is going to pay me 0.025 BTC per MH, so I'll pay 0.02 BTC per MH and come out ahead!" Unless I misunderstood something?

I am speaking from the perspective of the person renting out the equipment to others: He or she knows the what the compensation will be.  As for the person paying to rent the mining hardware, your statement is correct: They are hoping to make more mining altcoins than the amount they pay in rent.

[kalus]

why would anyone want to rent a rig for more than it can earn on an average day?  Doesn't make sense.  

i've seen people try to prop up shitcoins by temporarily increasing hash rate.  myopic, short term, but people still do it. 

leased rigs could be used to bring additional hashrate to initial mining phase of a new shitcoin.  some people make a good living getting 100M cagecoins at low difficulties. 

i can see a scenario where someone is investing long term to look at the daily returns as less important as what the coins will be worth in a month, year, or decade from now.  

lastly, someone who does setup a rig themselves also has an up-front cost and a break-even point to start turning a profit.   someone can start mining immediately without needing to know how to set shit up.  from some of the posts here and in the mining forum there are no shortage of newbies in that position. 

[Sovietaced]

You guys can earn .02BTC/MHZ just by renting your rig http://leaserig.net/index.jsp

SOUNDS LEGIT

[Mystery-Man]

Why not mine a new coin like NobleCoin or DigiByte? They are tradable on coinmarket.io and could make us a good amount of BTC. If the devs don't have a way to trade on that exchange maybe have it set to not auto-trade those coins and people can do it themselves? I feel we are missing out on something good here.

[Sovietaced]

Why not mine a new coin like NobleCoin or DigiByte? They are tradable on coinmarket.io and could make us a good amount of BTC. If the devs don't have a way to trade on that exchange maybe have it set to not auto-trade those coins and people can do it themselves? I feel we are missing out on something good here.

I wouldn't use that exchange even if I was paid to. It looks very unstable.

[TheSmo]

Anyone knows how to re-activate my account? I don't see a "forgot password" function?

[procrypto]

[MoDu]

So much win