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

[altcoinplex]

We're announcing a new type of pool @ http://www.altcoinplex.com

- Automines a basket of the most profitable alternative coins!
- Our intelligent, built from ground up, server daemon determines the amount of mining power to allocate to each coin in our basket constantly! This reduces the payout variance when an individual coin profitability spikes or tanks during short intervals!
- Payouts are determined in a modified PPLNS system, which takes into account each coin in the basket's mining difficulty and the shares submitted by each user during the payout interval.
- Automatically exchanges and payouts in your desired coin! No more maintaining multiple wallets!
- Daily payouts!

Currently supported payout coins (list will be updated to accomodate more coins in the near future)
- bitcoin
- litecoin
- dogecoin

To use, simply point your miner to pool.altcoinplex.com:5555 with your Payout Address as username, and Payout Coin as password.

For bitcoin users,

Code:

./minerd --algo=scrypt --url=stratum+tcp://pool.altcoinplex.com:5555 -u <bitcoin address> -p bitcoin
./cgminer –scrypt -o stratum+tcp://pool.altcoinplex.com:5555 -u <bitcoin address> -p bitcoin
./cudaminer --url=stratum+tcp://pool.altcoinplex.com:5555 --userpass=<bitcoin address>:bitcoin

For dogecoin users,

Code:

./minerd --algo=scrypt --url=stratum+tcp://pool.altcoinplex.com:5555 -u <dogecoin address> -p dogecoin
./cgminer -scrypt -o stratum+tcp://pool.altcoinplex.com:5555 -u <dogecoin address> -p dogecoin
./cudaminer --url=stratum+tcp://pool.altcoinplex.com:5555 --userpass=<dogecoin address>:dogecoin

You can view some simple stats on your account (we are working on showing more detailed and informative stats) at
    http://stats.altcoinplex.com/users/<cointype>/<address>.html

For bitcoin users,
    http://stats.altcoinplex.com/users/bitcoin/<address>.html

For litecoin users,
    http://stats.altcoinplex.com/users/litecoin/<address>.html

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[jrrsparkles]

Hi everyone!

Our other thread is in the Alternate cryptocurrencies forum @ https://bitcointalk.org/index.php?topic=428955

We hope you guys can check us out! Here are some basic stats on our payouts the past few days mining

2014-02-12 - ~0.0174 BTC / MH/sec
2014-02-13 - ~0.0144 BTC / MH/sec
2014-02-14 - ~0.0111 BTC / MH/sec
2014-02-15 - ~0.0111 BTC / MH/sec

Cheers and happy mining!

[jrrsparkles]

2014-02-16 - ~0.01113 BTC /MH/s

Happy mining!

[jrrsparkles]

We just fixed the bug with rejected shares not showing up on the individual users stats page.

Expect more stats to show up soon!

[jrrsparkles]

Hi guys!

We had some issues with payouts due to the dogecoin blockchain fork yesterday, and so we delayed the payouts for one day.

We've just sent the payouts for

2014-02-17 and 2014-02-18 - ~0.024 BTC/MH/2 days, or  ~0.012 BTC/MH/day

Cheers and happy mining!

[hostmaster]

hmm good service

[Echoenigma]

Are payouts only done on a 24 hour window? Is it possible to tell how long until a payout?

[UdjinM6]

I'm mining for about 1.5 hours and still getting

Estimated amount of coins for the current round so far: 0.0
Confirmed amount of coins so far: 0.0

Is it ok? How long does it takes to get some estimated?
http://stats.altcoinplex.com/users/bitcoin/13w3Q6s6vTbfpQo3eZ4cDCwVGDNDgaamnh.html
EDIT: almost 3 hours now and still nothing  

[Echoenigma]

I'm mining for about 1.5 hours and still getting

Estimated amount of coins for the current round so far: 0.0
Confirmed amount of coins so far: 0.0

Is it ok? How long does it takes to get some estimated?
http://stats.altcoinplex.com/users/bitcoin/13w3Q6s6vTbfpQo3eZ4cDCwVGDNDgaamnh.html
EDIT: almost 3 hours now and still nothing  

Same thing here. It has now been 3 hours, nothing on estimate. Switching back to my old pool. Sorry man.
Just an approximation would be appreciated.

[UdjinM6]

ok, I'm finally getting some numbers so I'm increasing my hashrate here to 5mh/s for some more tests too

[altcoinplex]

I'm mining for about 1.5 hours and still getting

Estimated amount of coins for the current round so far: 0.0
Confirmed amount of coins so far: 0.0

Is it ok? How long does it takes to get some estimated?
http://stats.altcoinplex.com/users/bitcoin/13w3Q6s6vTbfpQo3eZ4cDCwVGDNDgaamnh.html
EDIT: almost 3 hours now and still nothing 

Same thing here. It has now been 3 hours, nothing on estimate. Switching back to my old pool. Sorry man.
Just an approximation would be appreciated.

Hi,

Our apologies for the delay.

We had some issues with payouts due to the dogecoin blockchain fork the day before, and so we delayed the payouts for one day. So there was a delay in displaying the stats yesterday.

Estimated amount of coins for the current round so far: 0.0
Confirmed amount of coins so far: 0.0

It will be 0.0 during our payout period. but the backend is constantly moving, just that the figure is not updated immediately during the payout period.

We have fixed the issue and everything is back to normal.

[altcoinplex]

ok, I'm finally getting some numbers so I'm increasing my hashrate here to 5mh/s for some more tests too

Hi,

Our apologies for the delay.

Thanks for supporting us.

Cheers and happy mining!

[fcmatt]

If i had two mining machines, each on a diff public IP, is it possible for each mining rig to have very different reject rates due to each one being pointed to a different coin you are mining? One with a high diff (less rejects due to slower rate of blocks being found) versus the other rig with a high reject rate mining a lower diff coin?

[altcoinplex]

If i had two mining machines, each on a diff public IP, is it possible for each mining rig to have very different reject rates due to each one being pointed to a different coin you are mining? One with a high diff (less rejects due to slower rate of blocks being found) versus the other rig with a high reject rate mining a lower diff coin?

Hi fcmatt,

While this might be theoretically possible, We have not seen this happen so far. However, if it does happen, we will look into the issue and improve on our logic on how to split our hashing power.

Thanks for the feedback.

[altcoinplex]

Hi everyone,

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

Cheers and happy mining!

[altcoinplex]

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.

[Thomza]

Hi

Im mining here for 24hours now and got 0.006 BTC/MH.
Am i doing something wrong or will it pickup tommorow.

Thank you

[jrrsparkles]

Thomza,

Can you pm me your BTC address so that I can do a quick check for you?

[drexel232]

Do you plan to add a statistic for currently unexchanged/immature amount after each round?

[altcoinplex]

Hi drexel232,

We do have a plan for that, but at the moment we concentrating on how to increase the profitability for our users.

Beside that, any other features that you would like to see?

thanks