[ANN][MULTI][VARDIFF] TradeMyBit MULTIALGO Profit Swap w/ Optional Auto-exchange

[merc82]

Merc said he wanted to set minimums, but since everyone has different hashing rates, I personally think that the requirement could be number of withdrawals per day.  Most of my coins will have only 1 withdrawal per day (or less), but if we mined the exact same coin all day, that coin could have up to 5 or 6 withdrawals at most.

I've actually reversed the idea of minimums.. I want to leave that freedom up to the individual. Instead, I changed it from instant payouts to every ~10min. This reduced the number of transactions we were sending to Cryptsy (and other exchanges) to the point where I don't feel like we're the bottleneck in any of their delays

Also, announcement -- VARDIFF is now implemented

[KiwiSi]

Hi bravedog,

Thanks for taking the time to reply and the great explanation into your approach, it certainly makes a lot of sense.  At present I am taking the rapid-sell type approach by setting low minimums for auto-transfer, my gut feeling is that this probably isn't the most efficient approach due to the transfer free involved each time, though my thinking is that if I hold onto the mined coin(s) too long outside of the time it has been identified as being most profitable that I may likely lose some of this value (though I guess it could go the other way and improve ).

I'm going to run things like this for a few days just to gauge how effective my quick transfer out and sell approach is, though will be putting a plan in place at the same time to likely swap to a longer-hold type approach with a twice daily (or perhaps more) view of the market for each of the coins to see the better time to transfer out and sell via Cryptsy, similar to your own.  I'm currently mining at about 2.5MH/s, though will be bumping this up to about 3.8MH/s in the next couple of days.

Thanks again, and best of luck.

[bravedog]

I am sure that this is a dumb question... but is the VARDIFF correctly weighing the more difficult shares?  It is probably circumstantial, but I increased my hash rate by 50% from yesterday, yet my overall payout was 30% less?

Also, you probably know that DOGE forked and several pools went down.  As a result, difficulty went down with it, which should put it about 1.4-1.5x LTC for profitability right now.  I just didn't know if you wanted to roll that coin into the list of options...

Thanks.

[merc82]

I am sure that this is a dumb question... but is the VARDIFF correctly weighing the more difficult shares?  It is probably circumstantial, but I increased my hash rate by 50% from yesterday, yet my overall payout was 30% less?

Also, you probably know that DOGE forked and several pools went down.  As a result, difficulty went down with it, which should put it about 1.4-1.5x LTC for profitability right now.  I just didn't know if you wanted to roll that coin into the list of options...

Thanks.

Yes, vardiff is weighted properly . When you're looking at your overall payout, are you referring to the final LTC/BTC you came out with, or some other factor? a couple nights ago we got on some really profitable streaks with a lot of coins where as yesterday/last night was scraping the barrel so to speak in finding profits.

Regarding DOGE, we're currently syncing the blockchain now and will have a doge pool up pretty soon.. how it falls in on the multi-port is yet to be decided

[merc82]

Added MNC/Mincoin, CSC/Casinocoin, SBC/Stablecoin (re-added now that it passed its 317k block for the re-target issue), and GME/Gamecoin

[brucevilanch]

Thanks for the great pool bruh!~

[ollebolls]

Added MNC/Mincoin, CSC/Casinocoin, SBC/Stablecoin (re-added now that it passed its 317k block for the re-target issue), and GME/Gamecoin

Good job! Any news on IFC?

[fruor]

may I suggest an auto-withdraw option with all thats in the account when the multiport is switching to another pool so that im not sitting on a currency that might never get profitable again?

also, i see my hashrate on the site as 0 hash/s although im generating coins in the balances.
thx

[compile]

This is the best multipool for the sole fact merc is very active in irc.  Even though I make a bit less it's worth to have an operate that is constantly active.

Won't be leaving any time soon.

[Aegrum]

Loving the community in IRC. Great guys to hang out and mine with. Making ~20% return above LTC also helps too

[wentibuda]

Hi Merc, please consider Royalcoin, Florin and Tagcoin. Royalcoin sometimes has great return and it's retarget time is as long as one day. For example, while we were mining SXC at 129% PR; at the same time, RYC was at 227%. Florin is also good.

[merc82]

Hi Merc, please consider Royalcoin, Florin and Tagcoin. Royalcoin sometimes has great return and it's retarget time is as long as one day. For example, while we were mining SXC at 129% PR; at the same time, RYC was at 227%. Florin is also good.

FLO has been added, reviewing RYC and TAG.. both have been on my radar

Thanks!

[wentibuda]

That is such a quick reaction, Merc. Amazing job.

A little question here. I used to mine CRC manually all the time. With full hash power, I normally get 12 t0 20 CRC at it's peak, but this time I got very little. Could you please review it?

[gtraah]

Hi Guys,

Quick quesiton what is the average payout you would get for 2250KH power... anyone with or around that can help me would be great as I am just roughly comparing various pools

[merc82]

That is such a quick reaction, Merc. Amazing job.

A little question here. I used to mine CRC manually all the time. With full hash power, I normally get 12 t0 20 CRC at it's peak, but this time I got very little. Could you please review it?

I don't believe we hit CRC for more than 20minutes today, but I'll double check

[Aegrum]

Hi Guys,

Quick quesiton what is the average payout you would get for 2250KH power... anyone with or around that can help me would be great as I am just roughly comparing various pools

I can't say for 2250, but I have 2650 if you want to compare. For a little over one week of mining (Sunday morning to Sunday evening), I made 0.232BTC worth of coin, which is ~25% higher than the 0.175BTC I would've gotten from a similar time frame mining just LTC, plus I don't have to worry as much about LTC difficulty increases.  YMMV, but I'm very happy with the results. Merc is a rockstar.

[wentibuda]

For 1 min per block and 60 block retarget, Mincoin is the one has good potential. Also, LKY is great for 1min and 240 retarget. What are the reasons some pools remain off from the multiport?

BBQCoin, Dogecoin, Ezcoin, Fastcoin, GlobalCoin, Goldcoin, Infinitecoin, Nybble, Phoenixcoin, Royalcoin, Tagcoin those are all good ones on my list for the same reason, please consider

[fran2k]

Im gonna try the pool, I like that you have so much coins

Do you analyze the exchanges orders volume ? I mean, maybe the price is high but the orders at that price hold little BTC

[manfred87]

Thank you for the great Pool! Detailed statistics.. useful informations per coin ( tx fee, cryptsy limits )..very motivated admin.. In the last 24 hours 19 different coins have been mined!

[uberua]

Do I understand it right - LTC transaction fee is 0.1 LTC? Does it mean that I have to pay 0.1 LTC each time I transfer from Trademybit any amount of LTC to my LTC wallet?
Or it is in % so it means 0.1% from the total amount of the transaction?