An idea for Multipool-owners

[Don007]

Hi all,

I was wondering, is there already a Multipool which gives the users the possibility to choose the coins they would like to mine? At for example Multipool.us, there are a few coins listed which I don't really want to mine (because I think they're shit, they dont have potential and I think their value is decreasing).   

If then a coin is mined which a user don't want, let the miner of the user fall back on a "fall back coin" he has chosed by himself at the pool, for example LTC.


Does such Multipool already exist? If not, I think that's a great feature for Multipool owners.

[Trestle]

The problem with most of the coins you would be looking at (Assuming Litecoin,Doge) you need a lot of Hash power to even have a shot at finding the block to get paid. If most of the pool is on one coin and you are throwing a pebble into the water so to speak of a small amount of hashrate you are just wasting your hash because until you get the power of the pool behind you its unlikely you will get paid anything. For this to work I would think you would need the pool to basically disconnect you so you could hit a fail over pool such as a dedicated pool. Since the multipools want your hash to be with them to make more of an impact I don't see them considering this.

[Don007]

I know that a high hashrate is neccesary, but not all the people will "disallow" the same coins.

For example, I won't disallow the pool to mine Litecoin or Doge, but maybe coins as "FlappyCoin".. as It's rubbish in my opinion .
A "fail over" to for example Litecoin or Doge will be nice then. If for example 30% of the people disallow FlappyCoin, that hashrate still can do something on another coin. For example DigitalCoin, I would love to have a multipool that switches to DigitalCoin as soon as it starts mining shitcoins. 

[grippy54]

You're missing the point of a multipool. They are designed to be "high profit" and "low maintenance." They are mostly not intending to target true crypto currency speculators. They are targeting those looking for income... now.

If you are a speculator, who is looking to mine coins that have future potential, then do your research, pick a couple solid coins that look good and find a reliable pool that mines each of those coins. Don't flip flop around. Don't let someone else pick your coins. That's not what speculators do. They use their brain and make good decisions, and when the value of your coins go up, you did that... you win.

[flound1129]

You're missing the point of a multipool. They are designed to be "high profit" and "low maintenance." They are mostly not intending to target true crypto currency speculators. They are targeting those looking for income... now.

If you are a speculator, who is looking to mine coins that have future potential, then do your research, pick a couple solid coins that look good and find a reliable pool that mines each of those coins. Don't flip flop around. Don't let someone else pick your coins. That's not what speculators do. They use their brain and make good decisions, and when the value of your coins go up, you did that... you win.

They're two separate things, really.

If you want to invest in certain coins, it makes more sense to mine the coin that is most profitable, and trade it for the coin in which you want to invest, than to mine the coin in which you want to invest directly (assuming the coin you want to invest is currently not the most profitable coin).

In this way, you not only get more of the coin you want to invest in, but you actually increase its value by buying it rather than mining it.

[grippy54]

You're missing the point of a multipool. They are designed to be "high profit" and "low maintenance." They are mostly not intending to target true crypto currency speculators. They are targeting those looking for income... now.

If you are a speculator, who is looking to mine coins that have future potential, then do your research, pick a couple solid coins that look good and find a reliable pool that mines each of those coins. Don't flip flop around. Don't let someone else pick your coins. That's not what speculators do. They use their brain and make good decisions, and when the value of your coins go up, you did that... you win.

They're two separate things, really.

If you want to invest in certain coins, it makes more sense to mine the coin that is most profitable, and trade it for the coin in which you want to invest, than to mine the coin in which you want to invest directly (assuming the coin you want to invest is currently not the most profitable coin).

In this way, you not only get more of the coin you want to invest in, but you actually increase its value by buying it rather than mining it.

That's actually not a bad strategy. I like that it includes putting buying pressure on the target coin.

The downside is that it adds a step and has negative, "pump and dump" impact on the coins mined. Another way to do this, much more simply and without the negative impact, would be to just buy the coin you want to invest in.