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

[Jerubbaal75]

It looks like its working now & everything's fine. Sorry for panicking. I should have waited a bit before posting.

[Phantomofheat]

I do not know if it would be possible but could you add a feature to exclude different coins on the multi port. We would check a box and when the pool switched coins if it was going to an excluded coin it would stay on the last coin or move to the next most profitable.

[ipominer]

I do not know if it would be possible but could you add a feature to exclude different coins on the multi port. We would check a box and when the pool switched coins if it was going to an excluded coin it would stay on the last coin or move to the next most profitable.

I like the idea, but unfortunately it isn't possible without redesigning our entire stratum architecture from scratch.

One thing to note is that not all coins for an algorithm are enabled on its' multiport. I hand select which coins are enabled for multiport mining, and take a variety of factors into consideration including buy support, price trends, average difficulty, etc. For example, there's not much value in mining a coin that has a declining price trend and takes a long time for blocks to mature, or a coin with high difficulty since switching on/off of it will likely produce very few blocks.

(Note that most multipools do not do perform the same level of research and hand selection of coins for multiports - its all about a block's profitability for them, which is problematic since the price of a coin at the time of mining and time of selling typically varies substantially.)

If there is a particular coin you're trying to avoid right now, I'm happy to consider removing it from multiport mining if there's a good reason.

[jimlite]

That was a great response. I am glad you are trying to maximize profits for regular miners. Now all we need is for you to auto convert them to btc for us, so we won't make mistakes of selling at the wrong time or price

[ipominer]

If you haven't been following GhostCoin closely, here's a quick update on the situation:

There was a wallet/blockchain level exploit which allowed people to mine blocks of any value, including blocks of up to 10M coins. (Not on ipoMiner, but on other pools).

The coin developers have now rolled back the blockchain to block 7629, which was before the majority of the exploited blocks occurred, and the coin is now POS-only with no more POW blocks being able to be mined.

We mined 17 blocks after the rollback block: 7639, 7669, 7776, 7816, 7838, 7855, 7901, 7958, 7972, 8060, 8088, 8310, 8317, 8342, 8362, 8422, 8425. You may see a negative GHOST balance currently because payouts for those blocks have been removed.

I am now going through the painful process of fully auditing transactions that we sent out vs. what exists on the current blockchain. I'll post an update once that has been completed.

[GhostCoinDev]

If you haven't been following GhostCoin closely, here's a quick update on the situation:

There was a wallet/blockchain level exploit which allowed people to mine blocks of any value, including blocks of up to 10M coins. (Not on ipoMiner, but on other pools).

The coin developers have now rolled back the blockchain to block 7629, which was before the majority of the exploited blocks occurred, and the coin is now POS-only with no more POW blocks being able to be mined.

We mined 17 blocks after the rollback block: 7639, 7669, 7776, 7816, 7838, 7855, 7901, 7958, 7972, 8060, 8088, 8310, 8317, 8342, 8362, 8422, 8425. You may see a negative GHOST balance currently because payouts for those blocks have been removed.

I am now going through the painful process of fully auditing transactions that we sent out vs. what exists on the current blockchain. I'll post an update once that has been completed.

@ipominer, if it is of any further assistance please post in the GhostCoin thread a donation address that can be used if possible to compensate those miners affected with a negative balance. If you have any issues please address them in the thread and we will try to provide assistance as promptly as possible.

Thank you.

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[ipominer]

If you haven't been following GhostCoin closely, here's a quick update on the situation:

There was a wallet/blockchain level exploit which allowed people to mine blocks of any value, including blocks of up to 10M coins. (Not on ipoMiner, but on other pools).

The coin developers have now rolled back the blockchain to block 7629, which was before the majority of the exploited blocks occurred, and the coin is now POS-only with no more POW blocks being able to be mined.

We mined 17 blocks after the rollback block: 7639, 7669, 7776, 7816, 7838, 7855, 7901, 7958, 7972, 8060, 8088, 8310, 8317, 8342, 8362, 8422, 8425. You may see a negative GHOST balance currently because payouts for those blocks have been removed.

I am now going through the painful process of fully auditing transactions that we sent out vs. what exists on the current blockchain. I'll post an update once that has been completed.

@ipominer, if it is of any further assistance please post in the GhostCoin thread a donation address that can be used if possible to compensate those miners affected with a negative balance. If you have any issues please address them in the thread and we will try to provide assistance as promptly as possible.

Thank you.

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Thanks for the update GhostCoinDev. I'm still working on auditing balances against outgoing transactions to see which of them are actually present on the current blockchain. I'll be in touch when I've finished that.

[Phantomofheat]

The two coins I would like to see removed XHC no markets are open for this coin and they are on the third set of developers. The second DPC but it looks like we are not mining that as of now.

[ipominer]

The two coins I would like to see removed XHC no markets are open for this coin and they are on the third set of developers. The second DPC but it looks like we are not mining that as of now.

Right. I removed DPC from the multiport when Bittrex removed it due to wallet problems.

On X13, unfortunately there's no good coins to mine currently. I added GLOW and it was the multiport coin 100% of the time while it was mineable, but its POW phase has ended now.

[ipominer]

I have completed a full audit of our GhostCoin mined blocks and withdrawals now, and payouts for GHOST have been re-enabled. Mined blocks that are not on the current blockchain have been removed from balances, and withdrawal transactions that are not on the current blockchain have been added back into balances.

All users with negative GHOST balances have had their balances zeroed out, which was compensated for with my own personal funds.

Withdrawals for NautilusCoin have also been re-enabled following their new wallet release and fork.

[5ick3uffalo]

Hi, is there a problem with the DOPE direct port 3470 (scrypt) or is it just me?

[ipominer]

Hi, is there a problem with the DOPE direct port 3470 (scrypt) or is it just me?

There were two stratum processes running on the same port internally for DOPE behind our load balancer. It has been fixed and should be working now.

[ipominer]

HashX payouts for the payout week of October 10 - October 16 have been made.

This week had an average daily net profit of 0.00034100 BTC per Mh, which comes in at a +17.37% premium to a baseline of LTCGear qASIC shares.

For a comparison against ZenPool: ZenPool costs 250% more ($19.95/Mh vs. HashX at $7.99/Mh), but only pays out 2.6% more (0.00035 BTC/Mh/day today).

[ipominer]

Two new coins were added today -- OCC and SPARK:

OcultCoin (OCC) was added on the X13 multiport.

SparkCoin (SPARK) was added on the X11 multiport as a new coin override, and on direct port 3634.

[yan7181]

HashX payouts for the payout week of October 10 - October 16 have been made.

This week had an average daily net profit of 0.00034100 BTC per Mh, which comes in at a +17.37% premium to a baseline of LTCGear qASIC shares.

For a comparison against ZenPool: ZenPool costs 250% more ($19.95/Mh vs. HashX at $7.99/Mh), but only pays out 2.6% more (0.00035 BTC/Mh/day today).

did not notice new cloud mining (hashx) by IPO. ur price is 25% higher than ltc gear but ur return is 17.37% minus service fees.
good thing is that we can buy as low as 10 mhs instead of 160mhs package by ltcgear.

[ipominer]

HashX payouts for the payout week of October 10 - October 16 have been made.

This week had an average daily net profit of 0.00034100 BTC per Mh, which comes in at a +17.37% premium to a baseline of LTCGear qASIC shares.

For a comparison against ZenPool: ZenPool costs 250% more ($19.95/Mh vs. HashX at $7.99/Mh), but only pays out 2.6% more (0.00035 BTC/Mh/day today).

did not notice new cloud mining (hashx) by IPO. ur price is 25% higher than ltc gear but ur return is 17.37% minus service fees.
good thing is that we can buy as low as 10 mhs instead of 160mhs package by ltcgear.

A few points...

1) HashX uses multiple LTCGear products and incorporates Scrypt, Scrypt-N, and X11 hashrate from them, not only qASIC shares that mine Scrypt.

2) All HashX payout data is reported as net, which means after fees. This week's net payout was 17.37% above LTCGear qASIC shares.

3) You've made a classic mistake of trying to compare percentages of initial costs against payouts over time, which doesn't work that way:

A simple example with some basic hypothetical numbers:

- Option A: Initial cost of $10, pays out $1 per period
- Option B: Initial cost of $13, pays out $1.25 per period

Most people jump to the conclusion that Option A is better because Option B costs 30% more but only pays 25% more per period. That's inherently flawed, and the real answer of which is better depends entirely on the investment horizon. In that example, Option A reaches breakeven at period 11 vs. Option B breaking even at period 12 and out; however, by period 13, Option B outpaces Option A and continues to do so for the remainder of the investment.

4) To accurately estimate returns from HashX vs. LTCGear qASIC shares over time, you have to account for differences in the rate of difficulty changes across algorithms. Including Scrypt-N and X11 hashrate products in HashX helps maintain profitability over time because those algorithms are less likely to increase in difficulty as rapidly as Scrypt.

[Interized]

What is the best hardware to do this with? I'm told by several places the bitcoin miners they sell are useless for mining other coins??

[ipominer]

What is the best hardware to do this with? I'm told by several places the bitcoin miners they sell are useless for mining other coins??

For Scrypt coins, you'll want to use an ASIC of some sort.. there are various options from manufacturers like Zeus, Gridseed, etc. For X11 or X13, you would use video cards (GPUs) like the Radeon R9 280x / 290x or Nvidia 750 TI, etc.

[allcoinminer]

What is the best hardware to do this with? I'm told by several places the bitcoin miners they sell are useless for mining other coins??

For Scrypt coins, you'll want to use an ASIC of some sort.. there are various options from manufacturers like Zeus, Gridseed, etc. For X11 or X13, you would use video cards (GPUs) like the Radeon R9 280x / 290x or Nvidia 750 TI, etc.

I have two AMD 7950 GPU resting peacefully. What you recommend to do with them?
I get electricity for 5 to 6hrs daily from solar  and rest from the grid.

[ipominer]

What is the best hardware to do this with? I'm told by several places the bitcoin miners they sell are useless for mining other coins??

For Scrypt coins, you'll want to use an ASIC of some sort.. there are various options from manufacturers like Zeus, Gridseed, etc. For X11 or X13, you would use video cards (GPUs) like the Radeon R9 280x / 290x or Nvidia 750 TI, etc.

I have two AMD 7950 GPU resting peacefully. What you recommend to do with them?
I get electricity for 5 to 6hrs daily from solar  and rest from the grid.

Mine X11 coins with ipoMiner