[ANN] altcoinplex.com - A new hedgemining, auto-exchanging pool

[drexel232]

Interesting, no movement in current round info going on ~6 hours - showing 100% accept, no rejects.
Coin too difficult / no blocks found, stats stalled or are we mining thin air?

EDIT: Very slow moving, but moving. I'm wrong.

[altcoinplex]

Hi drexel232,

Was doing a check when saw your post.

Everything ok so far?

[altcoinplex]

You can mine anytime! Simply follow the instructions by altcoinplex in the first post to connect to us. We do our payouts daily at between 0000hrs to 0200hrs, +0800GMT, and you can track your estimated payout for the day at our stats page.

Hi,
Just been experimenting with your pool for about half a day so far. First few hours had me worried as hashrate was 0, but I had around 3MH pointing at you. Stats came up eventually and I read an earlier post that went someway to explain this.

I can't, however, see any estimation of how much I may have earned for the half day or so I've been mining. My stats page shows:
Estimated amount of coins for the current round so far: 0.00413682202823
Confirmed amount of coins so far: 2.70875885574e-05

Which I can only assume is the total amount earned by the pool? No estimation of what my share would be.

Any tips?

Tx

Hi CraftyMiner,

Currently, as our payout is only at the end of the day, estimation of your share will only be shown at the end of the day after the payout is done.

However, we are open to suggestions.

[drexel232]

Hi drexel232,

Was doing a check when saw your post.

Everything ok so far?

Profitability was good until 2014-02-19 06:00:00+08:00. I noticed the estimated amount wasn't increasing and thought the stats may have stalled since rejects stayed @ 0%. I've honestly never seen my rigs with 0% rejects for 6+ hours straight. I went from about .009/Mh/day to .007/Mh/day.

No big deal. Since you're in alpha, thought I'd pipe-up, but I assume you're following along closely anyways

[altcoinplex]

Hi drexel232,

Was doing a check when saw your post.

Everything ok so far?

Profitability was good until 2014-02-19 06:00:00+08:00. I noticed the estimated amount wasn't increasing and thought the stats may have stalled since rejects stayed @ 0%. I've honestly never seen my rigs with 0% rejects for 6+ hours straight. I went from about .009/Mh/day to .007/Mh/day.

No big deal. Since you're in alpha, thought I'd pipe-up, but I assume you're following along closely anyways

Hi drexel232,

We saw you helping us advertising in the middlecoin forums. Thanks for the support.

Regarding the issue which you mentioned, we update you once we find out.

Anyway we are closely monitoring.

[drexel232]

Hi drexel232,

We saw you helping us advertising in the middlecoin forums. Thanks for the support.

Regarding the issue which you mentioned, we update you once we find out.

Anyway we are closely monitoring.

Not a problem. Didn't realize your pool has been around for over a month now. Congrats! I'll be adding a little more once my new rig is complete.

[aclass]

Hey Guys,

I like that there is indeed vardiff applied but 4096 seems way too much for any of my miners.

Please assist


add: now it even went to 8192

[OleOle]

I'm interested to see how the pool goes. Congrats for getting it up and running.

[altcoinplex]

Hey Guys,

I like that there is indeed vardiff applied but 4096 seems way too much for any of my miners.

Please assist

hi aclass,

We will look into the matter and keep you posted.

Thanks

[hammo]

Oh boy, yet another multipool trying to squeeze the life out of a coin, before leaving the coin believers to pickup up the difficulty pieces until it starts all over again.

So here's an idea for you. Someone else build a multipool (lets call it B) that picks up the coin next on the multipool (A) list and thus staying ahead of the difficulty game.

Then someone else does the same with a mutipool (C) that tries to beat multipool (B) to the next easiest coin.

Rinse and repeat creating multipools until there are no new desirable coins to mine.

Then take a step back and realize that you could all just stay mining the same coin and peace would be restored in the mining world.

[drexel232]

Oh boy, yet another multipool trying to squeeze the life out of a coin, before leaving the coin believers to pickup up the difficulty pieces until it starts all over again.

So here's an idea for you. Someone else build a multipool (lets call it B) that picks up the coin next on the multipool (A) list and thus staying ahead of the difficulty game.

Then someone else does the same with a mutipool (C) that tries to beat multipool (B) to the next easiest coin.

Rinse and repeat creating multipools until there are no new desirable coins to mine.

Then take a step back and realize that you could all just stay mining the same coin and peace would be restored in the mining world.

Poorly designed coins are not the responsibility of multi-pool providers. Whether through investing or mining, people are simply trying to make some money. Coins can become multi-pool resistant if the developers so choose. If they do not so choose, it's their own fault. Every step of the way people are going to find ways to squeeze every last bit out of a coin. Good luck trying to change that.

EDIT: This pool actually does seem to care about negatively affecting coins. I say, let the coin evolve on it's own. Challenge the developers to create something seaworthy so we all wind-up with a solid platform in the end.

[altcoinplex]

I'm interested to see how the pool goes. Congrats for getting it up and running.

Hi OleOle,

Thanks for your support.

[CraftyMiner]

Oh boy, yet another multipool trying to squeeze the life out of a coin, before leaving the coin believers to pickup up the difficulty pieces until it starts all over again.

So here's an idea for you. Someone else build a multipool (lets call it B) that picks up the coin next on the multipool (A) list and thus staying ahead of the difficulty game.

Then someone else does the same with a mutipool (C) that tries to beat multipool (B) to the next easiest coin.

Rinse and repeat creating multipools until there are no new desirable coins to mine.

Then take a step back and realize that you could all just stay mining the same coin and peace would be restored in the mining world.

Poorly designed coins are not the responsibility of multi-pool providers. Whether through investing or mining, people are simply trying to make some money. Coins can become multi-pool resistant if the developers so choose. If they do not so choose, it's their own fault. Every step of the way people are going to find ways to squeeze every last bit out of a coin. Good luck trying to change that.

EDIT: This pool actually does seem to care about negatively affecting coins. I say, let the coin evolve on it's own. Challenge the developers to create something seaworthy so we all wind-up with a solid platform in the end.

I 2nd Drexel.

[altcoinplex]

Hi velfast,

Welcome to altcoinplex.

Thank you for your support.

Dont worry. We will be here to stay.

[aclass]

come one guys ... who needs 8192 vardiff? I have only 1 accepted share for 20+ minutes with 2.2 mh

[jrrsparkles]

Hi fellow miners!

There are a lot of questions regarding the estimated payout on the top of each users statistics page. We hope to let everyone understand clearer how we do our estimate and do our payouts here at altcoinplex.

Our payouts system continuously aggregate user statistics based on the amount of shares each miner submits and their difficulty. When we find a block, we have to 1) send the coins to one of the designated exchanges for trading, to bitcoin/litecoin/dogecoin etc., or 2) in the event we receive a block of dogecoins/litecoins and we have miners who request for their payouts in dogecoins/litecoins, we will payout from the mined coins, and avoid sending them to the exchange, so as to minimize on the network transaction fees, exchange fees and withdrawal fees.

As our payouts are based upon the number of shares submitted by our miners, it is common for coin blocks which have been found but not confirmed by the network, or immature coins. To be on the safe side and ensure fairness and equality to everyone, we use the longest confirmation time of all the coins we have mined for the day, which is commonly 180-240 minutes based on our rough gauge, to determine the amount of estimated coins for payout. As such, it is typical to only see your estimated payout for the day only being reflected after several hours.

It might be better to illustrate this with a couple of examples,

George mines with us from 0000hrs (+0800) for 24 hours until our next payout after day 1. This payout round will therefore only consider George's mining from 0000hrs to 2000hrs. The shares submitted during 2000hrs to 2359hrs will then be used for his payout for day 2 even though he has not mined on day 2.

Jerry mines with us for a couple of hours today, from 1200hrs to 1600hrs and sees the Estimated payout as 0.000 and decides to stop. Our system will payout his share during our next round of payouts. After several hours, his estimated payout should increase in proportion to the amount of coins we have exchanged.

Now, some miners may wonder why we take this approach versus the approaches other multipools take. One of our primary concerns is payout variance and consistency. While we strive to get the best payouts for our miners, we put a lot of thought about how to make payouts equal for everyone based on a set of common denominators. This leads us to the reason why some miners mention the Estimated amounts sometimes appear to go lower after some time. This is most likely due to a string of bad luck encountered by the pool, even if we have not found any blocks for a period of time, the amount of shares submitted is always increasing and thus, the ratios are constantly being updated, therefore, the change in estimated payouts.

The best way to gauge our payouts is to stick with our system for a day or two and aggregate the amount of coins you have received. This would be the most accurate way to determine our payouts. The daily statistics for BTC/MH/day that we publish in this thread is taken from our own mining rig which has approximately 1 MH/sec.

I hope this clarifies everyone's doubts about our payout and the delay in statistics on the users statistics page.

[pagona]

i find this similar to something

[altcoinplex]

Hi everyone,

Our payout for today ~ 0.011 BTC/MH/ 24 Hours

Cheers and happy mining!

[btc-mike]

How do I setup different rigs using same payout address? Won't that cause VARDIFF issues?

[CraftyMiner]

Hi everyone,

Our payout for today ~ 0.011 BTC/MH/ 24 Hours

Cheers and happy mining!

Hey Altcoinplex,
I like your pool and your mining philosophy and would like to support you with my hashing power.
However, I've mined for 24+ hours with 3MH, approx, and seen much less than the 0.011 BTC/MH/24hrs.
For the record I have the other half of my hashing power pointed at WafflePool, and this seems to be delivering what I would expect.
As the person who posted just before me asked - I am using the same BTC address for 5 machines, each with a single card. Is this causing some issue? My MH is recorded reasonably close in your stats to what I am seeing here across 5 cards.
My estimated total amount of coins for the current round so far: 0.00690182, and yesterday's payout 0.01649328.
As mentioned, I've been mining with the same hashrate at Waffle for a similar amount of time and they have so far paid out 0.04750400, with another 0.01378729 earned so far today.
If you could look into this for me my BTC address is 17BWcUmqbADazh4Q4cjD7vKzkc18D4y29f
As mentioned, I'd like to stay with you guys, but need something a bit closer to the 0.011BTC mentioned. The current earnings will barely cover my power.
Thx