[ANN][POOL] ipoMiner - Profitable multipool targeting new coins + merged mining!

[TimC]

Do you think you will mine the Wild West Coin on your X11 port? I'll be gone during it's launch but if you were going to mine it I'll point my miner to your mulitport if it will switch to that coin at launch

https://bitcointalk.org/index.php?topic=607493.0

[ipominer]

@TimC The ANN post looks a bit bare, but it's a possibility depending on how well DRM is doing at the time in comparison. We don't typically mine coins "at launch", but will add them slightly after if their launch goes well.

@IntroVert It looks like there was a misbehaving NTP server somewhere that pushed the clock on one of our servers back 12 hours.. very strange, but fixed now

[ipominer]

It looks like SHIBE just forked again. I'm in contact with the coin's developers and they are working on a solution. For the present time, we've disabled mining and payouts on it. The fork happened at block 4898, so we've rolled back block payouts on it back to that point.

[Klarisskin]

Something is wrong with VRC balances. I'm mining it it for ~3 hours. Confirmed: 0 Unconfirmed: 0. Last time I checked there were some unconfirmed coins... 

[IntroVert]

Something is wrong with VRC balances. I'm mining it it for ~3 hours. Confirmed: 0 Unconfirmed: 0. Last time I checked there were some unconfirmed coins... 

Probably a glitch. Check your profitability, it still lists everything there.

https://www.ipominer.com/userpayout

[foodstamps]

Something is wrong with VRC balances. I'm mining it it for ~3 hours. Confirmed: 0 Unconfirmed: 0. Last time I checked there were some unconfirmed coins...  

Probably a glitch. Check your profitability, it still lists everything there.

https://www.ipominer.com/userpayout

it looks like they rerouted the VRC port to the multiport?


edit: nvm, back to normal now

[ipominer]

VRC displaying zero unconfirmed/confirmed was just a temporary glitch because I had taken the SHIBE wallet down due to the fork and hadn't yet removed it from all the background processing jobs, so they were failing at SHIBE, which was before VRC in the processing queue.

All fixed now

[Vitalogy]

To calculate the profitability of a (Scrypt) coin I use the formula

((blockreward * 86400) / (currentdifficulty * 2^32 / hashrate)) * price

where hasrate = 1000000 to find BTC/mh/day


Is the formula different for X11 coins?
Because I don't get the same result as displayed on ipoMiner...

[ipominer]

@Vitalogy Can you provide an example of your calculation being different vs. the one we display? I'm happy to take a look.

[coin123123]

i calculate

[Vitalogy]

@Vitalogy Can you provide an example of your calculation being different vs. the one we display? I'm happy to take a look.

Ops my mistake.

I tried with DRM and I had the wrong block reward. The way it's written in their post confused me. I tough the reward was 350 but it's actually 100.

[Leesminer]

right on cue IPOminer!!!!!! switch from SC to VRC fan....f'ing...tastic.  Love you guys!!!!

[Leesminer]

I see SC going to 4000 my target is 3200-3500 and I am out.

Care to revise this statement?

Stay Tuned for my revised statement.......

[Vitalogy]

Uh oh. Locked table for WEST?

EDIT:
Or just very bad luck? 1.5 hour to find a block. 

[ipominer]

Not particularly bad luck at all.. just huge network hashrate relative to ours -- over 40-50GH/s on the coin vs. our 2-3GH/s. Pool efficiency on it is at 95%, so we're doing fine with WEST actually.

[jimlite]

@ipominer
man, you know what.. X11 is cool, but are we correct making info about which coin currently is mining public? That's killing the whole idea of "new coin business". Look, you analized a few and select a new coin, what's next? After half an hour everybody knows which coin is "can shot", switch on nicehash (they opened X11 port also) and it will be killed in two days.
Lets make X11 a bit shady, only for registered user or something about it.

I "get" and agree with GunPowder's view and goal.  While I don't think registering will do anything, I do believe that at IPOminer, we should be mining coins before the community knows about them, while the difficulty is low and the rewards are high (not initial low block coins).  I think an IPOminer is willing to take on more risk for more rewards, and that usually means mining brand new lesser known coins that have a good potential to rise in price once the community catches on and finds them.  I never even knew about DRM or WWC until about an hour after launch, and I am on the internet a lot.  These have been good coins for  X11 ipominer, but we did miss out on the first 300 or so of the easier blocks.  I keep my miners pointed at the X11 port, and trust that while I sleep or am at work, the fantastic pool owner is keeping my miners on the best coin.  He does a great job at this and has my gratitude.  I think what GunPowder really wants is just to keep our coin hidden for a while to get easy blocks early before everyone knows about it.  Hashcows has done this a while ago by displaying new coins as "MOO", and yes, if you try hard you can kind of figure out which coin they might be mining based on difficulty and their published list of coins they mine, but it is a good idea in my mind.  I would be totally in favor of having the X11 port hide what we are mining, at least in the beginning of a new coin launch. I trust the pool operator with a few hours of my mining time blindly to do this.  Of course once those first coins mature, they would need to be listed in the account page so that we could put our wallet addresses in, but if the pool did not list the coin in the accounts page until a few hours after it started mining, it would be very difficult to find out the coin we are mining (unless people rent and put monster hash on it).  The pool's operator does a fantastic job, and I don't know if this would be difficult to implement, but I think he should think about it.  If we wanted just average returns, we could just point our miners at trademybit X11, which uses coinwarz,etc. to determine profitability and switches between the x11 coins, but it will return an average multipool rate.  This is a good option for people who have low or no electric bills and just want to auto-convert to make a small daily amount of btc without having to sell coins on exchanges. But I would think that most IPOminer members would like to trust the pool operator, take a little risk with blind coins and blind faith, in order to beat everyone else to the new coins before they explode in difficulty.  And I suppose you could almost accomplish the same thing by just going every day to dedicatedpools and see what they are listing soon and just jump on every new coin, but that is not as profitable as jumping on a new coin analyzed by the IPOminer operator to be worthwhile or worth a few hour risk.  Long story short, can the pool get on newer coins sooner and hide what we are mining for a while?  I, like GunPowder am all for that!

[lajz99]

Long story short, can the pool get on newer coins sooner and hide what we are mining for a while?  I, like GunPowder am all for that!

I'd like to take a little more risk as well!  The earlier we can get on the better.

[GunPowder]

......in order to beat everyone else to the new coins before they explode in difficulty.......

Absolutely!

P.S.
WEST still going down, while DRM being kept above.

[Nthused]

I think you should change the stats page so X11 are on the right hand side, its confusing when browsing at Scrypt Coins.

[DMacleod]

haha "wild west coin" is no longer profitable for GPU. It's been only 9 hours after launch!
Look how fast the diff got high!