Not another Yiimp based pool, why bother? ... Especially with crypto in such a bearish mode...
QueenBee Mining Hive
TL;DR
Background:QueenBee is trying to solve that known missing capability of auto-switching across coins, algo's, and pools seamlessly. There are some pool level offerings of this nature like
MPH and
Nicehash that switch coins and algo's but they understandably limit you to their pools. In addition, there are continued questions as to whether they truly select the most profitable coin and there are no user adjustments available to these calculations that can have a great impact - like how often to switch. Or consider a desire to periodically switch across coins that haven't been exchange-listed to create a stash of
to-the-moon potential?
So I've started to convert my various scripts and spreadsheets that handle this automation for me into a node electron-based cross-platform solution to allow the user to configure which pools, coins, or algo's they would like to incorporate and how to make those switches. Initially compatible with HiveOS' API, plans are to expand it to all mining OSes that can support it either directly or through SSH connections. It's slow going but progress continues. See the Reddit link above for more info.
During development it became clear that to get data properly and consistently, I had to have a daemon for each coin and you couldn't rely on 3rd party sources. So I've started to spin up these daemons to collect real-time data like
hashrate,
difficulty and mark-to-market
price to power the app. This process is on-going and a bit slow. The infrastructure is best-in-class Google cloud hosted in the US East Coast region. So with this backend being created, it is just foolish not to put up a frontend for people to mine to considering this need so there you go. If you are US based and especially on the East Coast you should have trivial ping times. Give it a try.
Fees: Dude, 1% fees!?! - I can mine on a dozen pools for less or even zero. WTH!!
This is easy to answer. There are costs involved. Fees cover costs. When you mine on a pool that has low or no fees, you should absolutely be concerned that something afoul is happening in the background. While not always the case, this is in fact often the case. If a pool is charging 1% or more they should be covering their costs and this becomes less likely to be in play. In fact,
http://yiimp.eu charges 2% and
deserves every bit of it. This has been and remains one of my pools of choice while the
Hive gains some traction.
If you are happy with your current pools great!!! You may still find the QueenBee app something of interest and I encourage you to keep an eye on the thread here and on Reddit.
Happy Mining
