chrysophylax
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March 13, 2015, 04:17:54 AM |
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A good profit switch algorithm is complex. The key is to find block(s) during profitable period.
Last time when I use WafflePool, I notice they don't always switch to the most profit coin. Most of the time it was the 2nd most profitable coin. It makes sense as most multipools will switch to the most profitable coin and kill the profitability as difficulty will sky rocket within a few blocks. If the pool does not find block(s) within those profitable period, then the hashes are wasted.
Also there are time when low net-hash coin is profitable, so you will need a way to split only a small portion of your hashes to mine those profitable low net-hash coin.
ok - so a 'good' multipool is one that targets not so much THE most profitable coin - but one that IS profitable ... that actually makes sense ... #crysx |
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tbearhere
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March 13, 2015, 08:44:50 AM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly  nothing new in that... multipools are for lazy people, so it is ok rip them off  Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. hmmm ... and here i am thinking that it was one of the better ones ... tanx for that ... is there a way of making a multipool that is COMPLETELY fair on coins payouts? ... id be interested to see whether it is possible and how much time - effort - money it would cost to make one ... #crysx Hi crysx, The real problem is that these multipools dump on auto sell making the coins worthless, so price of coin drops drastically. And when they added quark algo...that was it for me. Again the real problem is auto sell. What really needs to be done is miners mine the coin directly in a regular pool or into there wallet or the pool owner not autosell or sell for a higher price at least. If one where to make a multipool that the owner would trade instead of dump then the other multipool will be still dumping at a low price making it impossible to make any coins at all. Edit: They don't trade coins...they dump them. |
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tbearhere
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March 13, 2015, 08:54:35 AM |
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A good profit switch algorithm is complex. The key is to find block(s) during profitable period.
Last time when I use WafflePool, I notice they don't always switch to the most profit coin. Most of the time it was the 2nd most profitable coin. It makes sense as most multipools will switch to the most profitable coin and kill the profitability as difficulty will sky rocket within a few blocks. If the pool does not find block(s) within those profitable period, then the hashes are wasted.
Also there are time when low net-hash coin is profitable, so you will need a way to split only a small portion of your hashes to mine those profitable low net-hash coin.
Yes exactly... that's the way I mine. If a coins difficulty goes down low enough, then I turn my miners to that coin..and then trade it..not dump it.  |
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chrysophylax
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March 13, 2015, 10:21:31 AM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. hmmm ... and here i am thinking that it was one of the better ones ... tanx for that ... is there a way of making a multipool that is COMPLETELY fair on coins payouts? ... id be interested to see whether it is possible and how much time - effort - money it would cost to make one ... #crysx Hi crysx, The real problem is that these multipools dump on auto sell making the coins worthless, so price of coin drops drastically. And when they added quark algo...that was it for me. Again the real problem is auto sell. What really needs to be done is miners mine the coin directly in a regular pool or into there wallet or the pool owner not autosell or sell for a higher price at least. If one where to make a multipool that the owner would trade instead of dump then the other multipool will be still dumping at a low price making it impossible to make any coins at all. Edit: They don't trade coins...they dump them. so in effect - its useless to even try and put together a fair and equitable pool model ... unless of course you have the majority of miners on your side of course  ... i mine differently anyway ... as a donation - yes mining is given through yaamp / westhash ... but not personally ... #crysx |
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chrysophylax
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March 13, 2015, 10:26:34 AM |
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A good profit switch algorithm is complex. The key is to find block(s) during profitable period.
Last time when I use WafflePool, I notice they don't always switch to the most profit coin. Most of the time it was the 2nd most profitable coin. It makes sense as most multipools will switch to the most profitable coin and kill the profitability as difficulty will sky rocket within a few blocks. If the pool does not find block(s) within those profitable period, then the hashes are wasted.
Also there are time when low net-hash coin is profitable, so you will need a way to split only a small portion of your hashes to mine those profitable low net-hash coin.
Yes exactly... that's the way I mine. If a coins difficulty goes down low enough, then I turn my miners to that coin..and then trade it..not dump it. i work in a similar way also - but also have a portion ( very small at the moment until it gets much bigger ) of the farm to mining our own ( granitecoin ) and the rest of the farm split into mining other coins - or completely 'all-in' with a particular coin ... i guess its just a matter of watching the market and making a damn good guesstimate of what need to be mined and traded ... would be nice if there was a 'proper' way of making a multipool that does that all automatically ... #crysx |
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tbearhere
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March 13, 2015, 01:39:33 PM |
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A good profit switch algorithm is complex. The key is to find block(s) during profitable period.
Last time when I use WafflePool, I notice they don't always switch to the most profit coin. Most of the time it was the 2nd most profitable coin. It makes sense as most multipools will switch to the most profitable coin and kill the profitability as difficulty will sky rocket within a few blocks. If the pool does not find block(s) within those profitable period, then the hashes are wasted.
Also there are time when low net-hash coin is profitable, so you will need a way to split only a small portion of your hashes to mine those profitable low net-hash coin.
Yes exactly... that's the way I mine. If a coins difficulty goes down low enough, then I turn my miners to that coin..and then trade it..not dump it. i work in a similar way also - but also have a portion ( very small at the moment until it gets much bigger ) of the farm to mining our own ( granitecoin ) and the rest of the farm split into mining other coins - or completely 'all-in' with a particular coin ... i guess its just a matter of watching the market and making a damn good guesstimate of what need to be mined and traded ... would be nice if there was a 'proper' way of making a multipool that does that all automatically ... #crysx Yes that would be nice. |
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antantti
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March 13, 2015, 05:48:51 PM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. |
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djm34
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March 13, 2015, 11:26:35 PM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. not using a multipool seems like a pretty good solution to me |
djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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chrysophylax
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March 13, 2015, 11:59:31 PM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. not using a multipool seems like a pretty good solution to me I dunno djm ... I think a 'fair' multipool with no hidden crap is by far the best - albiet quite a lot of work ... im willing to set up a test infrastructure if there is help from any devs that may be interested in designing and building such a pool ... I also have about 250MH ( x11 ) to use on occasion for testing ... another 50MH pledged earlier and maybe some others to help ... all uncensored and opensource and completely transparent to the public ... it would also be one of the best areas to test your ( and other devs ) miners and kernel optimizations as you all would have priveledged unencumbered access to the pool ... why not? ... would be a nice project to undertake if devs were willing ... ... #crysx |
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myagui
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March 14, 2015, 12:05:09 AM |
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An idea that had floated on the cudaminer thread long time ago, was to have a cuda-only pool of sorts, with fees going to the (now) ccminer developers. If it was possible to couple an official cuda pool along with optimized/locked miner versions, I'd be all over it (with my massive 2x750TI rig!) Would be really awesome if someone pulled this off. I have no technical skills to contribute much, but I can be the coffee guy.  |
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chrysophylax
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March 14, 2015, 02:26:22 AM |
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An idea that had floated on the cudaminer thread long time ago, was to have a cuda-only pool of sorts, with fees going to the (now) ccminer developers. If it was possible to couple an official cuda pool along with optimized/locked miner versions, I'd be all over it (with my massive 2x750TI rig!) Would be really awesome if someone pulled this off. I have no technical skills to contribute much, but I can be the coffee guy. was thinking of such a thing - but that would mean restriction in miners ... something that no pool really should do ... but it would decrease the support tickets quite dramatically i would think ... im up for it ... btw - i started with a 2 card amd system ... so massive miner it is ... #crysx |
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antantti
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March 14, 2015, 08:46:50 AM |
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not using a multipool seems like a pretty good solution to me
I know, fighting against 2000 with 50 in a short time window is just so frustrating sometimes... |
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tbearhere
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March 14, 2015, 10:13:37 PM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. not using a multipool seems like a pretty good solution to me I agree djm..the main problem with a multipool is again they dump the coin for the going rate..auto sell. |
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chrysophylax
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March 14, 2015, 11:47:25 PM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. not using a multipool seems like a pretty good solution to me I agree djm..the main problem with a multipool is again they dump the coin for the going rate..auto sell. but thats the point im trying to make ... why not create a multipool that DOESNT do that ... one that actually takes CARE of the miners ... and trades also ... #crysx |
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scryptr
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March 15, 2015, 01:04:34 AM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. not using a multipool seems like a pretty good solution to me I agree djm..the main problem with a multipool is again they dump the coin for the going rate..auto sell. but thats the point im trying to make ... why not create a multipool that DOESNT do that ... one that actually takes CARE of the miners ... and trades also ... #crysx CLUB CUDA-- It might be possible to do it if cuda miners formed a mining pool with strategic trading. It would be more of a members-only thing. There would be a bothersome wait on return... --scryptr |
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chrysophylax
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March 15, 2015, 02:08:04 AM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. not using a multipool seems like a pretty good solution to me I agree djm..the main problem with a multipool is again they dump the coin for the going rate..auto sell. but thats the point im trying to make ... why not create a multipool that DOESNT do that ... one that actually takes CARE of the miners ... and trades also ... #crysx CLUB CUDA-- It might be possible to do it if cuda miners formed a mining pool with strategic trading. It would be more of a members-only thing. There would be a bothersome wait on return... --scryptr cc using ccminer ... club cuda using clubcudaminer ... me likey ... of course we couldnt just keep it at that - all miners should be welcome ... bothersome? ... well what the hell are we all doing with the trading anyway? ... we are going to mine the stuff anyway - why not at our discretion with little fees and FOR the miner - not the pool ... obviously keeping the pool alive would be the priority - but once established and members are seeing good returns - why wouldnt we all keep it running? ... #crysx |
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chrysophylax
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March 15, 2015, 10:57:49 AM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. not using a multipool seems like a pretty good solution to me I agree djm..the main problem with a multipool is again they dump the coin for the going rate..auto sell. but thats the point im trying to make ... why not create a multipool that DOESNT do that ... one that actually takes CARE of the miners ... and trades also ... #crysx You need to make a fully open source multipool, that can be transparent in its algorithm. People would use that one, because they know it's not ripping them off, and it would be more profitable to run that than to scam. The issue with this is, a switching algorithm that everyone is using is ineffective... true ... though i would think that if ANYONE has the skill set of doing such a thing would mean that they will be willing to provide MUCH more than 'just' a multipool with an awesome switching algorithm ... the pool itself needs to have something more than just providing a mining portal - which 8is why the trading effort would need to be incorporated somehow ... ccminer / sgminer could possibly be incorporated as one of the cloud mining exercises ... in fact - if anything - the pool would only be the backend of something much bigger and more involved in coins / trading / exchanging ... this would make the whole transparency of algo almost moot - as it would be basically only ONE part of a combined service collective ... would be nice to at least have a transparent and honest pool / site working FOR the community ... just ideas being thrown around - food for thought ... #crysx |
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djm34
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March 15, 2015, 11:04:05 AM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. not using a multipool seems like a pretty good solution to me I agree djm..the main problem with a multipool is again they dump the coin for the going rate..auto sell. but thats the point im trying to make ... why not create a multipool that DOESNT do that ... one that actually takes CARE of the miners ... and trades also ... #crysx You need to make a fully open source multipool, that can be transparent in its algorithm. People would use that one, because they know it's not ripping them off, and it would be more profitable to run that than to scam. The issue with this is, a switching algorithm that everyone is using is ineffective... ture ... though i would think that if ANYONE has the skill set of doing such a thing would mean that they will be willing to provide MUCH more than 'just' a multipool with an awesome switching algorithm ... the pool itself needs to have something more than just providing a mining portal - which 8is why the trading effort would need to be incorporated somehow ... in fact - if anything - the pool would only be the backend of something much bigger and more involved in coins / trading / exchanging ... this would make the whole transparency of algo almost moot - as it would be basically only ONE part of a combined service collective ... hmm... would tend to think that it is where the scam begin... (or rather the low profit) pool and exchange should be kept independent in my opinion. Beside that, that would cost a huge amount of money to run, to code etc... meaning high fee to just keep the pool afloat... and a pool operator obligated to dump his fee for low profit to pay the bills... There was already a pool/exchange, (CoinEx I think, link doesn't work anymore...) used to run my small usb asic, it was clearly unprofitable and a constant dump fest on the exchange part as people were just getting rid of their coin as soon they were mined) |
djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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hefty
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March 16, 2015, 04:20:08 PM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. not using a multipool seems like a pretty good solution to me I agree djm..the main problem with a multipool is again they dump the coin for the going rate..auto sell. but thats the point im trying to make ... why not create a multipool that DOESNT do that ... one that actually takes CARE of the miners ... and trades also ... #crysx You need to make a fully open source multipool, that can be transparent in its algorithm. People would use that one, because they know it's not ripping them off, and it would be more profitable to run that than to scam. The issue with this is, a switching algorithm that everyone is using is ineffective... true i always mine when no one else is and make more profit, look spread i couldnt mine 1 block per day 1.5 month ago with 8 gpus, but than few days back at low nethashrate and difficulty i mined 10 blocks with only 2 gpu, i always get more profit mining less profitable coins at right time and selling them at right time if i mine monero i will not sell it for 0.2$ that is when i start mining monero, that is when nethash become lower and i get more coins and wait until is at 0.4$ to sell bc monero goes from 0.2 to 04/5$ and back constantly in last 5 months etc etc... |
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chrysophylax
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March 17, 2015, 02:15:54 AM |
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Yaamp is a coin killer and only pays 1/3 of what you could make if you mine the coin directly nothing new in that... multipools are for lazy people, so it is ok rip them off Yup.Lazy and stupid. I was making 2.5 LTC a day with 60 mh/s quark...do the math people Now nothing.Go ahead and get ripped off by yaamp pool and kill the coins. There's a coin that pays out exponentially djm and a mutipool like that kills it for me during the high payout cycle. It switches to that high payout cycle and I get very few blocks. Then it switches to another coin. If someone finds out a solution for this I am willing to join. 50 mh/s. not using a multipool seems like a pretty good solution to me I agree djm..the main problem with a multipool is again they dump the coin for the going rate..auto sell. but thats the point im trying to make ... why not create a multipool that DOESNT do that ... one that actually takes CARE of the miners ... and trades also ... #crysx You need to make a fully open source multipool, that can be transparent in its algorithm. People would use that one, because they know it's not ripping them off, and it would be more profitable to run that than to scam. The issue with this is, a switching algorithm that everyone is using is ineffective... ture ... though i would think that if ANYONE has the skill set of doing such a thing would mean that they will be willing to provide MUCH more than 'just' a multipool with an awesome switching algorithm ... the pool itself needs to have something more than just providing a mining portal - which 8is why the trading effort would need to be incorporated somehow ... in fact - if anything - the pool would only be the backend of something much bigger and more involved in coins / trading / exchanging ... this would make the whole transparency of algo almost moot - as it would be basically only ONE part of a combined service collective ... hmm... would tend to think that it is where the scam begin... (or rather the low profit) pool and exchange should be kept independent in my opinion. Beside that, that would cost a huge amount of money to run, to code etc... meaning high fee to just keep the pool afloat... and a pool operator obligated to dump his fee for low profit to pay the bills... There was already a pool/exchange, (CoinEx I think, link doesn't work anymore...) used to run my small usb asic, it was clearly unprofitable and a constant dump fest on the exchange part as people were just getting rid of their coin as soon they were mined) well - that is not what i am talking about ... but i do follow you ... just because 'there was' doesnt mean that is what will happen or plan for a pool that does the 'right thing' ... i will concede though - it WILL cost a hefty sum ... both in fiat - crypto - work - coding ... #crysx |
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