[ANN][POOL] Mining Pool Hub - Multipool. Multialgo, Auto Exchange to any coin.

[miningpoolhub]

so there is only  one Cryptonight coin, planing to add others ?, i can suggest xci  https://bitcointalk.org/index.php?topic=1651012.0
it did a good start it s on the good way for now, only current exchange is cryptopia for now

Yeah I'll look into it.
Thank you for suggestion.

[miningpoolhub]

I started doing Ethereum mining and I noticed the difficulty set by the pool is different depending on IP address. When you connect from NiceHash, diff is 1.0 and from my IP is 0.53 or something. Also, the pool does't honor d=XX in password field (at least for Ethereum).
Can you please add the diff request for Ethereum also?

Actually miningpoolhub provided vardiff for ethereum pool few months ago.

Most other Ethereum pools use static diff because it may have some vulnerability hole when it's vardiff.
As nicehash's minimum diff is 1, pool filters them and set 1.0 static diff automatically.
Also d=XX doesn't work on ethereum pool.

I'll consider varidff enabled pool. Not sure at this moment.

[miningpoolhub]

I just checked out the transactions where I withdrew BTC from MPH. It seems like MPH is making a profit of BTC withdrawal fees.
We pay 0.0004 BTC btw.

Here for example https://blockchain.info/tx/e867c97db3c4332965acd73386f674db7d986dd055436dc048353b0fe4c58ee9

The fee of this transaction for 2 recipients is 0.00049671 BTC . 2 recepients paid MPH 0.0008 BTC in withdrawal fees .
A minimum 0.00030329 profit for MPH per payout. Because MPH pays out when at least two people withdraw BTC. I haven't seen one transaction with only one recipient yet in my history.

Here a transaction with 23 recipients from MPH : https://live.blockcypher.com/btc/tx/a75daf5f173ad6ad3dd8207de44acf0fe3c7cc943da5b5c428bd14f8f0b6b92f/

Real Fees are 0.00219887 for this transaction. Fee per recepient would be 0.00009560304347826087.
23 recipients pay 0.0092BTC to MPH in withdrawal fees. MPH pays only 0.00219887 in real fees.
MPH has a profit of 0.00700113 BTC. Wow!

There is definitely room for lowering the fee if MPH wasn't greedy 

Actually this is not true.
Pool doesn't use sendmany or rawtransaction feature because it can make things worse on current tx war.
Pool uses just plain "sendtoaddress" api which mean fees are automatically adjusted from network.

And pool only sends one address per once.

Here's miningpoolhub's main bitcoin address
12DdmN1y5enL72sN93sisUWQdT1gfF24qj
https://blockexplorer.com/address/12DdmN1y5enL72sN93sisUWQdT1gfF24qj
Check all payouts. All transactions have 2 outs. second outputs is for change address from pool to collect remain amounts.
I think you know what I mean if you are familiar with bitcoin internal. It's just bitcoin's spec and fundamental logic.

This is the link you brought.
https://blockchain.info/tx/e867c97db3c4332965acd73386f674db7d986dd055436dc048353b0fe4c58ee9
Pool is sending to one address, and second address is the change address that pool receives.

This is the second link you brought.
https://live.blockcypher.com/btc/tx/a75daf5f173ad6ad3dd8207de44acf0fe3c7cc943da5b5c428bd14f8f0b6b92f/
I don't understand why you picked that this transaction is from mph.
No it's not. There's no txid written like this in bitcoin transaction in mph.
Why did you think it's from mph?
I believe that is from poloniex. Look at the balance. 434.25359911 BTC alone in that address.


I understand that fee is high than usual, but pool doesn't try to get profit from this thing.
Please don't blame pool. We have to find solution from bitcoin environment like segwit, or bitcoin unlimited. That is the main reason causing these thing.

Yeah, pool lost some bitcoin by just sending amounts these days.
Pool can't run continually with loss. If you care about withdrawal fee, please delay it and withdraw it when it piles up much.
Or withdraw them in ethereum or other kind of coins.


I'll find better way to lower the fees. But please remember that pool doesn't try to get profit from it.

[miningpoolhub]

Is it possible for the Pool to reduce the Bitcoin withdrawal fee? 0.0001BTC would be ideal. If not ,why?

I think if the fee was free then it could be abused because MiningPoolHub still has to pay a fee.

I'm not saying it should be free. It could be on the same level of Poloniex which is about 0.0001 BTC . This is only a quarter of the fee right now at MPH.
The transaction may be processed a little slower but we would save not an insignificant amount of BTC in the long term.

It would save me 6-10$ a month for instance and I am having a payout every 2 days. Which amounts to 0.006BTC(0.0004*15) each month

Bitfinex's withdrawal fee is zero.
https://www.bitfinex.com/fees
Why do they do that? It's their marketing strategy. They can sustain the withdrawal loss because they make so much money everyday.

poloniex seems like balancing transaction speed and fee in smart way.
Also they can risk with that fee because they make so much money.


But actually pool is different.
There's so many withdrawal request everyday, and I can't cover whole withdrawal fee loss. That's quite huge.

I'll try to find lowering the fee but it's not that easy because balancing the transaction speed and fee is quite hard.
Also current pool system doesn't use rawtransaction api, I should modify some MPOS structure to support this.

Currently pool is using bitcoin's automatic fee detection system. We just send money and bitcoin wallet will automatically set appropriate fee.
Sometimes even this doesn't work well. Coins remain in mempool for more than few days.
Maybe you would say it's okay to not receive more than 3 days, but most pool users will be angry with this.
I also experienced this few months ago. Some miners were anxious and little angry about transaction delay.

I would recommend you to withdraw with other currency if you are concerned much about it currently.

Anyway I'll find better way.
Thanks.

[miningpoolhub]

Dude do you have a page where all the pool 17xxx is located?

For example, hub.multipoolhub.com:17004    is for groetsl. However, where in your page it is written? I sort of figure that out my self.

It seems that we can always go to hub.multipoolhub.com isn't it? Only the port number change?

You display BTC/GHzDay. Where do you get those numbers? Do you take into account the actual price of the alt coins and the actual current difficulty? What?

Finally there is some missmatch between the way you named the algorithm and the way nicehash did it.

Is there a table where you can match things up? I know that nicehash' daggerhashimoto is your Ethash. What about the lyra2re and lyra2rev2
 that correspond to what?

What happens if I buy traffic from nicehash and send it to you and got a wrong port? Will your pool reject and nicehash close my order or what?

For example, say I buy

Lyra2RE from nicehash

Should I redirect that to hub.multipoolhub.com:17018    or should I redirect that to hub.multipoolhub.com:17025    

They both pass nicehash pool verificator.

aaronsace already answered most questions. He's correct.
Thanks aaronsace

FYI, I recommend you to mine at each region's server if it's available.
There's specific region for ethash(ethereum), equihash(zcash), cryptonight(monero), lyra2z(zcoin)
hub.miningpoolhub.com supports those algo coins as well not intended mainly.


lyra2re is old version for vertcoin. I believe there's no major coin using this algo.
lyra2rev2 is used at current vertcoin.
lyra2z is new algo from zcoin. It's not supported from nicehash currently.


Pool will reject wrongly bought hashes. Pool checks every share inserted.
Most times, nicehash will close those orders because difficulty value range does not match too. I don't know specific policy about it.

You need to mine 17018 if you use lyra2rev2.


Thanks.

[miningpoolhub]

I just checked out the transactions where I withdrew BTC from MPH. It seems like MPH is making a profit of BTC withdrawal fees.
We pay 0.0004 BTC btw.

Here for example https://blockchain.info/tx/e867c97db3c4332965acd73386f674db7d986dd055436dc048353b0fe4c58ee9

The fee of this transaction for 2 recipients is 0.00049671 BTC . 2 recepients paid MPH 0.0008 BTC in withdrawal fees .
A minimum 0.00030329 profit for MPH per payout. Because MPH pays out when at least two people withdraw BTC. I haven't seen one transaction with only one recipient yet in my history.

Here a transaction with 23 recipients from MPH : https://live.blockcypher.com/btc/tx/a75daf5f173ad6ad3dd8207de44acf0fe3c7cc943da5b5c428bd14f8f0b6b92f/

Real Fees are 0.00219887 for this transaction. Fee per recepient would be 0.00009560304347826087.
23 recipients pay 0.0092BTC to MPH in withdrawal fees. MPH pays only 0.00219887 in real fees.
MPH has a profit of 0.00700113 BTC. Wow!

There is definitely room for lowering the fee if MPH wasn't greedy 

I would hope MPH makes a small profit....servers need to get paid, owners need to eat.

Oh thank you for your comment.
Actually pool is running in loss for every bitcoin withdrawal these days.

I was considering to increase to 0.0005 but afraid to apply because of recent comments.
I'll consider much about it.

Thanks.

[miningpoolhub]

Dude,

Check this screenshot

For scrypt algorithm it is FAR more profitable to mine gamecredit or sex coin.

Yet,



see what hub.multipoolhub.com choose

You kidding me?

Pool switches only when the block is found.
If pool switches frequently not considering of block findings, it will jump here and there continually without any reward.

It will switch to Gamecredits when current block is found.

FYI, Profitability changes a lot. It can go up and down radically.

[miningpoolhub]

I would hope MPH makes a small profit....servers need to get paid, owners need to eat.

The pool fee ?? The owners are probably millionaires for a long time now.

I lost quite big money at previous eth overpaid issue. You would be surprised with the amount.
Also there was etc fork issue too which made me to pay from my pocket.

I had to run pool in loss 1 year before. Pool didn't make $300 a month at that time and the server bill was higher than that.
Can you imagine the hungry situation at that time?

I can say that I'm not running in loss overall now but it's far from millionaire.
Miningpoolhub is not that big pool actually. It's still small, need to grow much.

[miningpoolhub]

I would hope MPH makes a small profit....servers need to get paid, owners need to eat.

The pool fee The owners are probably millionaires for a long time now.

I seriously doubt that.

The Ethereum Pool at MPH is mining at 1212 Gigahash. This is about 2.8 million $ worth of mined ethereum each month right now. MPH gets 28.000$ in fees monthly from the ETH pool only. I am lazy to calculate all the other pools. But I'd say MPH gets about 100k $ each month in pool fees only. If you add the withdrawal fee it's maybe 105k$ or 110k$.
I doubt that the hardware,hosting,employees cost that much....
If you know better I am all ears.

Well ethereum pool grew these days. It wasn't big before.
Some big miners joined when ethereum price jumped. I don't know where miners came from actually. One day it just grew like this and I'm a bit surprised still.

Sadly, the ETH, ETC overpaid issue made me to lose quite big money. And I'm trying to cover those loss from fee these days.
It will approximately take more than 2 months.

I agree that current pool is making much money than I expected.
And I know that someday it will end. Maybe in this year because of ETH transition to PoS.

I'm sure that miners are getting quite big profits these days if they invested GPU/ASIC continually.

Frankly, I don't get big profit by withdrawal fee. Loss from bitcoin pool, little by little from other pools.
Those withdrawal fee profits are used for auto exchange withdrawals mostly.

[btcinsight]

I noticed ethereum pool luck stabilizes around 88% instead of 100% which seems too good to be true. Is there an explanation for this?

[pornluver]

Dude,

Check this screenshot

For scrypt algorithm it is FAR more profitable to mine gamecredit or sex coin.

Yet,



see what hub.multipoolhub.com choose

You kidding me?

It has to find a coin first; if it just kept switching then nobody would get anything.

What do you mean that it has to find a coin first? Does it mean that multihub will get stuck at that low coins before it moves on to other coins? Also how does the actual number on BTC/Ghzday is computed.

You can see clearly that the gamecoins is 10 times more profitable and yet for quite a while multihub get stuck in less profitable coin. I see absolutely no excuse for this except that the number is actually wrong. Perhaps the coin with lower BTC/Ghzday is actually more profitable but due to short luck multipoohub didn't find any coins there.

Will that number go up if multipoolhub just found a coin and drop when no body find any coins for a long time?

Does this make multipoolhub vulnerable to pool hoping?

[pornluver]

Let me try to understand gamecredits is .02397 and verge scrypt is .00122

I get it. Verge Scrypt is paying 20 times less. I also understand miningpoolhub will switch when they found a coin.

But why would it switch to verge-scrypt in the first place?

Were verge-scrypt worth 20 times more at the time of switching?

Why such large fluctuation?

I also see that BTC/GH/Day is different in miningpoolhub.com than in

http://www.coinwarz.com/cryptocurrency/?sha256hr=1.00&sha256p=2600.00&sha256pc=0.1000&sha256c=true&scrypthr=1000000.00&scryptp=1000.00&scryptpc=0.1000&scryptc=true&x11hr=1000.00&x11p=120.00&x11pc=0.1000&x11c=true&keccakhr=1000.00&keccakp=600.00&keccakpc=0.1000&keccakc=true&quarkhr=1000000.00&quarkp=75.00&quarkpc=0.1000&quarkc=true&groestlhr=1000.00&groestlp=825.00&groestlpc=0.1000&groestlc=true&blake256hr=1.00&blake256p=600.00&blake256pc=0.1000&blake256c=true&neoscrypthr=1000000.00&neoscryptp=400.00&neoscryptpc=0.1000&neoscryptc=true&lyra2rev2hr=1000.00&lyra2rev2p=600.00&lyra2rev2pc=0.1000&lyra2rev2c=true&cryptonighthr=1000000000.00&cryptonightp=600.00&cryptonightpc=0.1000&cryptonightc=true&ethashhr=1000.00&ethashp=600.00&ethashpc=0.1000&ethashc=true&equihashhr=1000000000.00&equihashp=600.00&equihashpc=0.1000&equihashc=true&e=CEX.io

Why?

Is the price listed in miningpoolhub take into account fluctuation in miningpoolhub luck?

So if you just found a coin or a block you listed high number?

That means you're vulnerable of poolhoping. Not that I care. I just see numbers I buy. But how safe it is?

It seems that the price for verge scrypt is fluctuating wildly. Now it is indeed the highest paying coin. But why does it fluctuate wildly? I mean in exchange the price is constant and very little.

It seems that it is a normally worthless coin that somehow looks like it worths a lot once in a while hashwise.

[pornluver]

What does this balance mean?

Coin    Credited    Credited for Auto Exchange    On Exchange    
Adzcoin    0    0 (300.41800833)    0    Manage Wallet
Bitcoin    0.00593506    0    0    Manage Wallet
Ethereum    0    0    0.00000835    Manage Wallet
Feathercoin    0    0 (69.37051846)    0    Manage Wallet
Gamecredits    0    0 (14.29643876)    11.69358219    Manage Wallet
Geocoin    0    3.49034323    0    Manage Wallet
Sexcoin    0    0 (9.40005832)    1,309.10280731    Manage Wallet
Verge-Scrypt    0    0    636.25196676    Manage Wallet

What's the number in bracket?

Also it'll be very useful to have some estimate on btc value on each alt coins.

Another thing I am curious about is why price at mining pool hub fluctuate more widely than price at say, whattomine.com?

I know coin price fluctuates. I also know difficulty fluctuates. It seems that there is something miningpoolhub takes into account that whattomine.com doesn't.

I think that something is luck. If miningpoolhub just found a coin the price go up because miningpoolhub is being lucky. How much that luck affect people that buy tons of hash after that is a bit more mathematically involved.

[Xardas2014]

What does this balance mean?

Coin    Credited    Credited for Auto Exchange    On Exchange    
Adzcoin    0    0 (300.41800833)    0    Manage Wallet
Bitcoin    0.00593506    0    0    Manage Wallet
Ethereum    0    0    0.00000835    Manage Wallet
Feathercoin    0    0 (69.37051846)    0    Manage Wallet
Gamecredits    0    0 (14.29643876)    11.69358219    Manage Wallet
Geocoin    0    3.49034323    0    Manage Wallet
Sexcoin    0    0 (9.40005832)    1,309.10280731    Manage Wallet
Verge-Scrypt    0    0    636.25196676    Manage Wallet

coins in (  ) are coins recently mined that will go to exchange once they confirm. Those already on exchange are just waiting to be sold. Once sold it take a bit of time for the money to come back to the pool and get sent to your btc wallet(if you are exchanging coins for btc for example)

[Xardas2014]

Let me try to understand gamecredits is .02397 and verge scrypt is .00122

I get it. Verge Scrypt is paying 20 times less. I also understand miningpoolhub will switch when they found a coin.

But why would it switch to verge-scrypt in the first place?

Were verge-scrypt worth 20 times more at the time of switching?

Why such large fluctuation?

I also see that BTC/GH/Day is different in miningpoolhub.com than in

http://www.coinwarz.com/cryptocurrency/?sha256hr=1.00&sha256p=2600.00&sha256pc=0.1000&sha256c=true&scrypthr=1000000.00&scryptp=1000.00&scryptpc=0.1000&scryptc=true&x11hr=1000.00&x11p=120.00&x11pc=0.1000&x11c=true&keccakhr=1000.00&keccakp=600.00&keccakpc=0.1000&keccakc=true&quarkhr=1000000.00&quarkp=75.00&quarkpc=0.1000&quarkc=true&groestlhr=1000.00&groestlp=825.00&groestlpc=0.1000&groestlc=true&blake256hr=1.00&blake256p=600.00&blake256pc=0.1000&blake256c=true&neoscrypthr=1000000.00&neoscryptp=400.00&neoscryptpc=0.1000&neoscryptc=true&lyra2rev2hr=1000.00&lyra2rev2p=600.00&lyra2rev2pc=0.1000&lyra2rev2c=true&cryptonighthr=1000000000.00&cryptonightp=600.00&cryptonightpc=0.1000&cryptonightc=true&ethashhr=1000.00&ethashp=600.00&ethashpc=0.1000&ethashc=true&equihashhr=1000000000.00&equihashp=600.00&equihashpc=0.1000&equihashc=true&e=CEX.io

Why?

Is the price listed in miningpoolhub take into account fluctuation in miningpoolhub luck?

So if you just found a coin or a block you listed high number?

That means you're vulnerable of poolhoping. Not that I care. I just see numbers I buy. But how safe it is?

It seems that the price for verge scrypt is fluctuating wildly. Now it is indeed the highest paying coin. But why does it fluctuate wildly? I mean in exchange the price is constant and very little.

It seems that it is a normally worthless coin that somehow looks like it worths a lot once in a while hashwise.

Verge diff can fluctuate WILDLY, which changes it's profitability. When that happens the pool switches over to Verge and miners are stuck there until the pool finds a block. Not ideal, but kinda hard to avoid. Much larger pools see the Verge diff drop and start mining which quickly raises the diff and they leave the coin.

[TunerDude007]

Every once in a while I feel the need to remind people that were not forced to multi-coin/algo mine. We can pick whichever pool we want to stay with. I stopped multi-algo a few months back and exchange my coins myself.

[startsts]

I have a question for all this pool miners, it's about reward system.
Can I change coin on mining every 20 minutes? Example: 20m to mine Vertcoin, after that 20m to mine Monero, after 20m to mine Ethereum?
Or I will not get any reward this way?

[Lercker]

I have a question for all this pool miners, it's about reward system.
Can I change coin on mining every 20 minutes? Example: 20m to mine Vertcoin, after that 20m to mine Monero, after 20m to mine Ethereum?
Or I will not get any reward this way?

Do you mean on your own time loop? If so then yes depending on which coins you mine. Not every pool here is productive enough for good enough earnings in such a short time-frame (Monero might not work out with that, ETH & VTC would probably be fine)...

[manotroll]

How do I use Claymore's to mine ETH?

[pornluver]

What does this balance mean?

Coin    Credited    Credited for Auto Exchange    On Exchange    
Adzcoin    0    0 (300.41800833)    0    Manage Wallet
Bitcoin    0.00593506    0    0    Manage Wallet
Ethereum    0    0    0.00000835    Manage Wallet
Feathercoin    0    0 (69.37051846)    0    Manage Wallet
Gamecredits    0    0 (14.29643876)    11.69358219    Manage Wallet
Geocoin    0    3.49034323    0    Manage Wallet
Sexcoin    0    0 (9.40005832)    1,309.10280731    Manage Wallet
Verge-Scrypt    0    0    636.25196676    Manage Wallet

coins in (  ) are coins recently mined that will go to exchange once they confirm. Those already on exchange are just waiting to be sold. Once sold it take a bit of time for the money to come back to the pool and get sent to your btc wallet(if you are exchanging coins for btc for example)

So the difference between those in bracket and those outside brackets are just when they are mined. I see. If I want to know the amount of bitcoin I truly owned I just multiply all the numbers with the price.

For example, I have 9.4 + 1309.1 sexcoin. I don't have to care whether the coins are in bracket or not. Is that true? The btc equivalent is just the current price of sexcoin times that number.

Of course actual number will vary a bit. I wonder if there is a website that provide price for all coins in one place?