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

[TXSteve]

@precrime3 Unfortunately, very few scrypt coins will actually have a future.. we mine what is profitable for the short term, which ISR seems to be. Trying to guess which scrypt coin will be around and at higher prices in 6 months than it is today with any certainty would leave you with *maybe* one coin -- Litecoin. Even then, it could easily fall -- just look at Bitcoin's value.

why not mine what is near the top of the cryptsy vote list?

[ipominer]

@adaseb I've updated the site's listing of the number of confirmations required. ISR actually requires 260 confirmations. Originally we had it set to 120, but unfortunately the ISR wallet requires 260 confirmations for blocks to mature so we had to change it to that. Sorry for the confusion there.

@TXSteve We do often mine coins that are near the top of the MintPal voting list. By the time a coin has reached the top of Cryptsy's lists it is usually popular enough that it is on Coinwarz and mining profitability for it has been driven down to 0.004 btc/mh/day or below.

@Reese212 We use last price, which is what the majority of people, pools, and exchanges use. I tend to agree with you that another method might be more reliable -- some options include using best bid directly, an average of best bid and last price, or a type of moving average. Note that some prices may be as old as 10 minutes, depending on the frequency the exchange allows us to make calls to their API. We update prices from most exchanges every 1 minute - I think AllCrypt is the only one at 10 minute update intervals.

[Reese212]

Thanks for your fast reply!

Ah okay so normally it's "last Price" what is displayed. I agree with you that this makes sense, it Shows the very last Price, no matter if someone paid that Price to buy or to sell something. It's a good average. But as we tend to be on the "selling-side" only I thought to tell you about my viewing. I think this is only causing a real Problem with the 0,00000001-0,00000009 coins because with These coins a single step could make up to 50% more or less Profit what's a huge difference for me as a short-time-holder.

I'm very glad that I'm not completely stupid and that you've also thought about that "Problem". 

My vote goes for "best bid" :-D

Honestly, it isn't too much work for us to double check your displayed Prices with the Prices from the different exchanges (the Price updating works perfectly fast).
Thank you very much for giving us the opportunity to mine a nice selection of coins!!

[ipominer]

Correct. We use the last trade price reported by the exchange at the time of polling their API -- no averaging/etc. on our side at the moment. We may add in some historical averaging for price and difficulty in the future.

[ibfragalot]

It was a gamble mining after the WATER block 7000 issue, didnt pay off this time.

Maybe for you

[adaseb]

When did this pool start mining IZRA? Seems like if you started mining since yesterday you would make 10x as much as LTC mining

[ipominer]

We started mining ISR yesterday when it was at 0.00005200. It is now at 0.00061000 -- we have done exceptionally well with it, indeed And it doesn't look like the ISR ride is over yet.

[precrime3]

We started mining ISR yesterday when it was at 0.00005200. It is now at 0.00061000 -- we have done exceptionally well with it, indeed And it doesn't look like the ISR ride is over yet.

If it becomes the next aurora (hits $90 or so) and I knew about it and I DIDNT mine it 

[ibfragalot]

Where are you getting the KAR rate from? 0.00676456

Can't seem to find an exchange with open buy orders for any decent rate.

[jparsley]

Do u mine only scrypt coin. Will cloud cpu work with this.

[ibfragalot]

So far only scrypt from what I can tell.

[jparsley]

That wont be good for a cpu miner with scrypt asic taking all the profit

[ibfragalot]

Excellent value from ISR today... thank you ipominer.

[david123]

Diff of ISR went up like crazy. Not surprising, though..

[ibfragalot]

^^ yup... can you see any site charting the diff of this coin?

[david123]

http://bitinfocharts.com/comparison/difficulty-isr.html

[ibfragalot]

ISR just magically appeared at #4 today on coinmarketcap... freak'in amazing.

http://coinmarketcap.com/

So... what will be the next one... anyone? 

[wqdqszj]

Good luck!  That interface looks familiar

good luck

[Macno]

@mdtspain The multiport was on WATER for less than an hour, and all blocks found on WATER during that time were orphaned, unfortunately. Coins are called unconfirmed when the blocks haven't matured yet, and can still become orphaned - which is what happened in this case.

So if I see confirmed WATER everything is fine?

[Reese212]

@macno

yes I think so, because I've had some unconfirmed WATER which disappeared. I tried to catch the Train but was too late during the WATER-forking...