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

[ipominer]

We've switched back to WATER now.

I looked through the source code for Blitz to see exactly how the end of mining is implemented - it looks like PoW mining actually ends at block 10502. I've been in contact with a few people in the BlitzCoin community to discuss forking it to PoS post-block 10502.

[TheWARLoK]

@TheWARLok Yes, it is down at the moment -- I didn't see anyone using it yesterday and have been testing an implementation of new code to allow diversifying the pool hashrate. Were you using it?

Only found out about it today. Once I found out it was opened up, switched one of my workers to it. Love what you are doing here, but also have to keep an eye on what my workers can be doing (low hash rate and such ;-)) and thus far ECC has panned out pretty well for me here as opposed to the other coins so far. Still work with mulipool.us and get better results there overall, yet figure I'd give this pool a shot. Like auto switch idea, but still. like the ability to target certain coin based on my own and limited (for now) criteria.

Non the less. Keep up the good work. between you and 'MP', Pretty nice spread, 

[Forcecast]

A price target for each coin would be a good alternative until we wait for managed trading to be implemented.

[nightengale]

A price target for each coin would be a good alternative until we wait for managed trading to be implemented.

I'd like to echo this again.

Are we anticipating a price increase with WATER?

[ipominer]

I think WATER is very undervalued right now because it hasn't gotten much volume on Bittrex yet, and that's the only exchange for it. Block rewards are only 1000 coins, so the value should ultimately be much higher as it gains interest and volume. Their launch has been the most successful recent one.

[RentaMouse]

I was just looking at the Voting list on MintPal and there are about 350 altcoins there, which reminds me why I dont mind paying the 3% fee for IPOminer to do the research for me

Had a thought though, if we reach a point where there aren't any worthwhile IPOs because the volume of launches makes it virtually impossible for them to get listed on any exchanges (or they all go to individual algos), rather than becoming an alternative multipool how about launching an IPOpool coin? Could keep the main stratum port as it is but have a separate one for IPOcoin supporters, miners can then choose what they prefer or load balance between both.

Was thinking you could do it with the standard latest features, PoW + PoS, constant variable difficulty, plus a couple of extras:

• No premine, but use WATER's "transaction tax" idea - 0.1% of each transaction goes to coin development fund for promotion, bribing exchanges etc
• ipoMiner Pool has "autoconvert to IPOcoin" option - if profitability drops for IPOcoin switches to mining other coins but autosells them and pays out in IPOcoin
• Hashpower for hire - ailing altcoins can pay IPOcoin to redirect the port to their pool for a short period, to get them past a hardfork block etc
• Other mining pools welcome, can either mine IPOcoin like any other altcoin, or direct their hashpower to the port as a subsidiary pool
• (Maybe possible??) Absorbs dying altcoins - if the devteam is still active but the coin is virtually dead can hardfork its blockchain and merge with IPOcoin. Zero block rewards for the altcoin but transactions at least get processed so investors can still trade and devteam has an incentive to contribute to IPOcoin

Its probably a silly idea, and I can already think of a few issues with the above "features" but I thought I may as well post it here. @IPOminer - if you are horrified by this suggestion I won't take offence if you delete this post.

[ipominer]

Yeah, those are great ideas, RentaMouse. I've thought about some of them previously, and have had a coin idea rolling bouncing around in the background for a while. There are definitely lots of opportunities for things we can do in the future, but sadly there is only a limited amount of time to work on them!

[Nthused]

Great Multipool for those unknown coins 

[nightengale]

Can see that BLTZ is jumping on Bittrex -- any ideas on a reasonable target price?

[precrime3]

Speaking about blitz, does anyone know what info the developers gathered from this "social experiment"?

[anyone4u]

Speaking about blitz, does anyone know what info the developers gathered from this "social experiment"?

not sure if true or not but it looks like free ipo money then gone

[ipominer]

The original BLTZ developer isn't interested in continuing the project, but the community is going to move ahead with it. I've been in touch with the current community organizer, slavo. We have found a developer to continue work on it and there will be good things coming.

[KryptoKings]

The original BLTZ developer isn't interested in continuing the project, but the community is going to move ahead with it. I've been in touch with the current community organizer, slavo. We have found a developer to continue work on it and there will be good things coming.

@ ipominer - great pool and great job looking over coins. I do see one coin you really need to get on the pool Saturday.... Surgecoin. Check that one out. Looks very promising. If you get it I promise to only mine it on your site   . I have gridseeds and I also promise to donate.

Thanks!

[ipominer]

@KryptoKings Awesome. I've had my eye on Surge and will be adding it if the launch goes well

I also have gridseeds.. they're great little devices. No heat/power is amazing after months of running my GPUs...

[precrime3]

I personally think we should swap back to ECC. Difficulty is low (30 or below) and if it follows the same pattern as other coins that have POW distribution, it should double or triple in satoshis xD

[ipominer]

@precrime3 Are you reading my mind? I was just in the middle of setting ECC up on our new stratum to switch to it now.

[precrime3]

@precrime3 Are you reading my mind? I was just in the middle of setting ECC up on our new stratum to switch to it now.

I just have a talent of seeing coins that have potential xD. Wait let me guess your name....... Drake?

[ipominer]

We've noticed an issue which is affecting some WATER withdrawals due to the transaction fee structure the developers implemented in the wallet (0.1% as a fee to the charity wallet). flound and I are investigating and working on a fix for that now.

Also, we're now mining ECC again, at least for a little while. Prices seem to have bottomed out at 3 satoshis and seem to be poised to make a move to 4 at least.

[RentaMouse]

Since we're on ECC again, there's a mandatory wallet update ver1.3 been released - https://bitcointalk.org/index.php?topic=503236.2780

Makes it a pure PoS coin after PoW period finishes, and changes the PoS "minting" too

[ipominer]

Yep, we're on v1.3 already Thanks for looking out though! I try to stay on top of wallet upgrades, but for coins we haven't mined in a while we could certainly miss one so it is always helpful to mention it if you happen to see it.