Ty PW for the updates. Coming from middlecoin (as many others) I find this thread strangely familiar....
I have to say, I lol'ed reading that because it is true. I mined on MiddleCoin for a long time, the hash rate spiked in early January and H20 went nuts making changes to accommodate and eventually the entire pool suffered and became unprofitable. I split my workers between MiddleCoin and WafflePool and WafflePool won so I switched everything over and was the highest MH/s *38MH/s* until the whale showed up. Since then it is eerily similar to the pre-collapse of MiddleCoin.
Lets me see if I can summarize:
1) WafflePool had vardiff, mined lower difficulty coins, and was profitable in comparison.
2) The whale (and collapse of MiddleCoin) caused the network and server load to spike.
3) The difficulty was locked to 512 (same as MC which eventually raised it to 1024).
4) Lower difficulty coins have been removed (same as MC). MC eventually just settled on LTC and DOGE and ended up not being a "mining the profitable coin" pool because the size of the pool couldn't support that model.
5) Aholes from MC thread have come to this thread and will probably eventually drive WP insane and he'll lurk in to the shadows like H20 did.
I've never complained - not about MC or WP but I do think we can learn from history here and see the writing on the wall. I prefer the openness and effort of WP 100000x more than H20/MC so I'm going to stick it out but I think its clear there has to be a shift in direction.
A large pool is a sledgehammer on small coins and generates a massive number of orphans but much of the profit can be had in the small coins. I think the opportunity here is in bringing back the small coins because all large pools will eventually come to the conclusion the orphans are too high and lock them out. If you could round-robin rotate the workers to the small coins in comparison to the coins total MH/s(GH/s) then we could mine them where other pools cannot.
I don't care if my workers hit the small coin everytime its profitable everytime so long as they get the chance. I'd rather hit 40% of the opportunity than 0%.
I know the whale brings you a lot of money so I'm not advocating blocking him out but that whale is going to find that DOGE and the larger difficulty coins are all they'll ever end up making profits from because every pool they go to will have the same challenges. A round-robin worker coin assignment would work for them too though - you could drop in 200-300MH/s of their 6GH/s in to the smaller coins just like the rest of us.
WP: Is something like this doable and if not how do you think you can overcome the challenges of pool size vs coin size (profitability)?
