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Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 157. (Read 829908 times)

newbie
Activity: 34
Merit: 0
Ok, so I've been looking at the profitability of Middlecoin going back to last year.  In a nutshell, my math says back in September and October, at  least for the stretches of time that I could actually fine numbers, folks would have been netting out around $2.35/Mhash/day USD using the Coinbase price at the time.

Starting in December, after the price of Bitcoin went through the roof, that number jumped to $13/Mhash/day.

For the past three days, it's been $11 to $16.  

At $2.35/day using 450 watts at $0.10/kwh, a person would have spent $30/mo on electricity and taken in $70 from mining, for a profit of $40/mo.  If hardware cost was $700 (which is lowish for 1Mhash), you'd have been looking at 18 months to break even.

So... what was the draw way back when this pool started up?  At $10+/Mh/day, it's a no-brainer.  But that seems to be very recent.  I feel like I'm missing something somewhere...



The draw was the same as now.... max profits (i.e. much better than straight LTC), paid out daily in BTC.

Before DOGE launched (mid-December), the pool was less than 2 GH/s. Now it's ten times that.
My point is that in September, the math added up to very poor profitability.  It might have been less poor than mining LTC or any specific coin, but still poor.  Before the profitability shot up, were folks simply putting their gaming cards to use, as opposed to deploying $2000+ rigs specifically for profit?
hero member
Activity: 736
Merit: 508
...

I notice diff is 1K, so that's 0.4-0.6 WU for the best GPU (per unit) made.  That's only submitting 1 block per 1.5-2 minutes....  Isn't it odd to have a difficulty this high, when several of the coins being mined here are not above 1K difficulty for the network?

...

Scrypt difficulties are actually share difficulty / 65536. For example, the network difficulty for DOGE is 1147, but you have to find a 75,200,000 share to solve a block.

The 1024 share difficulty is equivalent to a network difficulty of 0.0156, and very few profitable coins have diffs that low.

where 75,200,000 comes from?
full member
Activity: 168
Merit: 100
Ok, so I've been looking at the profitability of Middlecoin going back to last year.  In a nutshell, my math says back in September and October, at  least for the stretches of time that I could actually fine numbers, folks would have been netting out around $2.35/Mhash/day USD using the Coinbase price at the time.

Starting in December, after the price of Bitcoin went through the roof, that number jumped to $13/Mhash/day.

For the past three days, it's been $11 to $16.  

At $2.35/day using 450 watts at $0.10/kwh, a person would have spent $30/mo on electricity and taken in $70 from mining, for a profit of $40/mo.  If hardware cost was $700 (which is lowish for 1Mhash), you'd have been looking at 18 months to break even.

So... what was the draw way back when this pool started up?  At $10+/Mh/day, it's a no-brainer.  But that seems to be very recent.  I feel like I'm missing something somewhere...



The draw was the same as now.... max profits (i.e. much better than straight LTC), paid out daily in BTC.

Before DOGE launched (mid-December), the pool was less than 2 GH/s. Now it's ten times that.
full member
Activity: 168
Merit: 100
...

I notice diff is 1K, so that's 0.4-0.6 WU for the best GPU (per unit) made.  That's only submitting 1 block per 1.5-2 minutes....  Isn't it odd to have a difficulty this high, when several of the coins being mined here are not above 1K difficulty for the network?

...

Scrypt difficulties are actually share difficulty / 65536. For example, the network difficulty for DOGE is 1147, but you have to find a 75,200,000 share to solve a block.

The 1024 share difficulty is equivalent to a network difficulty of 0.0156, and very few profitable coins have diffs that low.
newbie
Activity: 34
Merit: 0
Ok, so I've been looking at the profitability of Middlecoin going back to last year.  In a nutshell, my math says back in September and October, at  least for the stretches of time that I could actually fine numbers, folks would have been netting out around $2.35/Mhash/day USD using the Coinbase price at the time.

Starting in December, after the price of Bitcoin went through the roof, that number jumped to $13/Mhash/day.

For the past three days, it's been $11 to $16.  

At $2.35/day using 450 watts at $0.10/kwh, a person would have spent $30/mo on electricity and taken in $70 from mining, for a profit of $40/mo.  If hardware cost was $700 (which is lowish for 1Mhash), you'd have been looking at 18 months to break even.

So... what was the draw way back when this pool started up?  At $10+/Mh/day, it's a no-brainer.  But that seems to be very recent.  I feel like I'm missing something somewhere...

member
Activity: 98
Merit: 10
rejected shares are not the same as staled shares which are resubmitted. If they are stales that are being submitted, you shouldn't use them; However, if they are being flat-out rejected, it can help. Experiment and see if it works for you. Everyone circumstances are different and there is no 1 rule that applies to all system configurations. You have nothing to lose by trying.
member
Activity: 112
Merit: 10
FAQ on middlecoin states you shouldn't use --no-submit-stale as you will lose your shares when the pool switches over to a new coin.
sr. member
Activity: 294
Merit: 250
add --no-submit-stale to your BAT file and that should take care of the stales.

dont do this. H2O has said a few times already that stales ARE accepted sometimes.

member
Activity: 98
Merit: 10
add --no-submit-stale to your BAT file and that should take care of the stales/reject rates
member
Activity: 110
Merit: 10
I am also experiencing 10% rejects now, having been 0.5-2% prior to today.  This is likely due to the difficulties with USEast though, I hope.
member
Activity: 84
Merit: 10
Please give me Bitcoins so I can buy more food
EAst is back up.

Also discovered why my rate was so low . . . my CPU mining (XPM) was using 8 thread instead of 6 so I was dragging my GPU's down.  Roll Eyes

EDIT:  Well I have one of my workers on useast, but the other won't connect, so still some problems with useast, apparently.


Is XPM worth mining ? I told my cousin to try it with an I5 4670k clocked @4.2ghz at he said it was earning pennies a day , Is he a nob and doing something wrong ? I haven't got a proper CPU around to test for myself.
sr. member
Activity: 518
Merit: 251
EAst is back up.

Also discovered why my rate was so low . . . my CPU mining (XPM) was using 8 thread instead of 6 so I was dragging my GPU's down.  Roll Eyes

EDIT:  Well I have one of my workers on useast, but the other won't connect, so still some problems with useast, apparently.
member
Activity: 84
Merit: 10
Please give me Bitcoins so I can buy more food
anybody have straight answer why reject rate is so high and how to avoid it?

My rejects went down when I connected to the Asia server, And I put it down purely to the lower ping and faster connection, But now it's unstable I've switched back to the main server and will have to suffer higher pings, Until the issues are sorted, Are all your cards low end ? Or high end ? From what I can see higher pings really effect low end cards.
hero member
Activity: 708
Merit: 502
anybody have straight answer why reject rate is so high and how to avoid it?
sr. member
Activity: 294
Merit: 250
I have more than 20% of reject shares Shocked
yeah im seeing ~17% rejects right now, at least thats what the site is reporting
hero member
Activity: 708
Merit: 502
useast.middlecoin.com - is down for me ping there 30 ms

west - 90 ms

I have 4 rigs on 280x and 290 770-880 mhash each card 20 cards total:


Queued work requests: 15887
 Share submissions: 19993
 Accepted shares: 18790
 Rejected shares: 1203
 Accepted difficulty shares: 19240960
 Rejected difficulty shares: 1231872
 Reject ratio: 6.0%
 Items worked on: 118790

Queued work requests: 27700
 Share submissions: 33154
 Accepted shares: 31095
 Rejected shares: 2059
 Accepted difficulty shares: 31841280
 Rejected difficulty shares: 2108416
 Reject ratio: 6.2%
 Items worked on: 202156

Queued work requests: 25352
 Share submissions: 33875
 Accepted shares: 31696
 Rejected shares: 2179
 Accepted difficulty shares: 32456704
 Rejected difficulty shares: 2231296
 Reject ratio: 6.4%
 Items worked on: 158516

Queued work requests: 15320
 Share submissions: 20078
 Accepted shares: 18987
 Rejected shares: 1091
 Accepted difficulty shares: 19442688
 Rejected difficulty shares: 1117184
 Reject ratio: 5.4%
 Items worked on: 115566


- rejects are at least 5.4%

but according to :
http://stratehm.net/#

rejects are 15.3!


I have 3 questions:
why reject rate on middlecoin is bigger than in cgminer stats?
how to make reject rate minimum?
will useast (smaller ping) affect my reject rate if I finally could connect there?

ty guys!
newbie
Activity: 58
Merit: 0
I have more than 20% of reject shares Shocked
member
Activity: 84
Merit: 10
Please give me Bitcoins so I can buy more food
It's about the pool software that the pool operator has put on those servers, that software is in beta.

I don't understand why he would put beta software on the other servers ? What would the reason be ? It would be nice if it could automatically redirect to the default server when issues arise.

I believe it's in beta stage because it contains additional procedures to run the pool on multiple sites.
It's called beta for a reason: if one doesn't want to experiment, he can just stick to the middlecoin.com main site.

That's fair enough, It would just be nice if it could redirect that's all  Undecided
legendary
Activity: 2716
Merit: 1094
Black Belt Developer
It's about the pool software that the pool operator has put on those servers, that software is in beta.

I don't understand why he would put beta software on the other servers ? What would the reason be ? It would be nice if it could automatically redirect to the default server when issues arise.

I believe it's in beta stage because it contains additional procedures to run the pool on multiple sites.
It's called beta for a reason: if one doesn't want to experiment, he can just stick to the middlecoin.com main site.
member
Activity: 84
Merit: 10
Please give me Bitcoins so I can buy more food
I really hope he can take useast out of "beta" and implement auto load / latency balancing by just pointing to middlecoin soon. That would solve my issue with not being able to set up a failover server. I would prefer taking high reject rates and connecting to asia over being completely disconnected.

I'm very far from the default Middlecoin server, And was suffering because of it, So switched to the Asia server and it was perfect for a while, But now it's going down hill, If I point it back to the default server I'm back to square one  Angry

do you think VPN might help?

You mean VPN to the US server ? Would it prioritise traffic ? The ping is just to much I think, I was seeing over 400ms and 25-50% lost packets in tests.
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