Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 167. (Read 829908 times)

Just to give maybe a different perspective on H2o...  I'm a small business owner - we'll do $2.5 to $3 million in revenue this year, so you know the scale.  It's lucrative - I make a nice living and don't have to work a ton.

I'm the money guy.  All dollars run through me - billing, payroll, accounting, etc.  I read somewhere earlier in this thread where h2o said he has a couple part time employees and doesn't trust people enough to give up much control.  And I get that 100%.  Financially, I could delegate most of what I do and be semi-retired, but I'm not willing to hand over the money to someone else.

As lucrative as I understand this pool to be for him, honestly, if I were him, I'd probably be even LESS communicative than he is.  If I'm making as good a living as it appears he is, and do most of it myself, and can't or won't do a lot of delegating, AND want to actually live a little, then I honestly care less about give the community warm fuzzies than I do about enjoying my life.

Stats break, I'll get around to it.  Forum questions/complaints take a while to be addressed, if ever, so what.  I lose a little of my hash rate and my bottom line shrinks a little, fine, I still make plenty AND probably have a little less work to do.

I focus on making payouts be reliable and higher than the competition, go put my feet up a little, and let the folks who can do math choose to use my pool.  Stats and the occasional unexchanged spike are immaterial in the grand scheme of things.

Just my $0.02. :-)

I believe that this pool is no different than any other business or business opportunity.
I do feel that things can be done better with respect to the transparency (or lack of) and the stats etc.
But so long as it continues to perform well with respect to payouts then people will tolerate these flaws and continue to mine here.
That is not to say that things wont change in the future! If another pool comes along and can consistently equal or even outperform the pool here then I am sure there will be a torrent of miners all switching to the new pool.
If the owner/investor in this pool doesn't do something to keep his miners happy they will all migrate to the new/better pool.
That is just normal economics and I am sure it will play out in the long run.
In the meantime I am very happy here.

ok, ok, ok.. guilty as charged.. my bad for stirring it all up again.. i enjoy mining... just trying to participate in the discussion..

I have gone and done this.  I have 2 identical 2.2 MH rigs that I am splitting between hashbros and middlecoin for a head to head test.  Will let it run 7 days and report back next week. Currently, hashbros is estimating my earnings at 0.008329 btc/MH/day but that is fluctuating minute by minute.

Jedimstr, I respect you as an old time middlecoin hipster, whereas I'm just a pathetic noob here.  You are probably right that H20 will outperform as he has in the past.   But labelling any criticism at all as just whining/moaning noobspeak and we should all GTFO and STFU is sad.  It won't help improve this pool.  You obviously care about it because you read this thread and post almost everyday.  You don't want it to be better?

Considering the amount of real $$ in play here on a daily basis, it does not seem unreasonable to me to expect better uptime.  Middlecoin is a million dollar business already for christ's sake.

Please enlighten us how Hashbros has "much better security". Does it require a username and password?

Yep, there seems to be correlation between flatlined stats and the auto-trade bot.  When we come out of a flatline we always have high unexchanged. This is logical considering that the recurring stats issue is caused by database I/O starvation and most likely his autotrade bot is running off the same db.

Read my whole post.  He was much more communicative before Bitcoin became big and the pool exploded with more miners..  You only have to read this thread going back to the summer of 2013 to see what I mean. I meant before you lot joined

That is simply not true, there was only one person doing all that below-the-belt stuff, and h2o had already been silent for quite a while in this thread.

IIRC, the silence was one the factors fueling that person's vitriol.

But you're right, it is what it is, and no point in getting frustrated about it (anymore ).

Oh oh, I sense a lecture coming about how those are only a very teeny tiny minority..  

I just don't get the negative comments here. I'm mining with a single R9 290, and i'm pretty sure i'm getting a pretty good return for the energy spent.  Thanks H2o.

http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1FXt38rcLt2K4hLYuE4WpAKV2YaRg9cfNh.html

As soon as their payout per MH/s passes middlecoin

I welcome more competition and options for the community vs Middlecoin.  So far none of them have really  stepped up to the plate.  Hashcows was closest.  They had comparable returns for a little while before the Doge craze hit and their big hack.   Now they're barely scraping by with low hashpower and inability to mine the most profitable coins. I wish all these competitors luck though.

If anything, much of the vitriol and threats of blackmail, extortion, outing of H2odysee's identity have led him to stay away from these forums and switch to twitter for updates. He was much more communicative before... Months ago before Bitcoin became big news and the pool exploded with new miners. So I wouldn't expect him to be more interactive in the future.  It is what it is... As long as it works to our benefit (and it has, many times over).

The user chart would show any additions/subtractions or downtime. Hashrate is hashrate.

I've done that, but there's a huge amount of uncertainty as to the size of a given user's farm one or two or three months ago.  I'm a little surprised no one's been collecting daily total payouts vs rough pool hash power. 

you've been around for quite a while, my friend.. i trust your judgement - not questioning that aspect.. nothing wrong with a little healthy competition.. could drive middlecoin to become more interactive with it's customers and/or address concerns of others in this community.. i welcome the new pools and sincerely hope one of them will bring about as much profit as middlecoin someday..

it's not a bitch, man.. it's just an opinion.. i do agree.. this is officially a dead horse..

I split between middlecoin and trademybit. I like trademybit also because its totally transparent and the developer is constantly tweaking it. Last I knew he was going to limit the pool to 1gh right now its sitting at 750mh.

Check the stats page. Look for a hashrate similar to yours and also a large payout total. The larger the better as that means the user has been mining for some time. Then look at the stats and you have an idea.

+1

I have found this to be 100% correct. I also did it without moaning like a bitch in this thread.

Let the malcontents go. Like us they will come back (as long as their hurt pride does not get in the way). Some people like to dig their holes a bit too deep I guess.

I use that one, but unless I'm missing something, it gives me *my current* stats.  I'm looking for pool-wide stats from, for example, last October, November, etc.  In other words, I want to look at how profitability has fluctuated over months of time.

Third time's a charm?  Look at the history of Hashco.ws and Wafflepool... now Hashbros....

Go ahead and join them  They all end up with 2/3 to 1/2 the profit we see on Middlecoin (I know I've trialed both Hashco.ws and Wafflepool and multipool and others....always leaving some hashpower on Middlecoin and always ending up putting full power back on Middlecoin again and again... since August 2013).

They may have nice interfaces and stats and other features....but they don't have that creative trading accumen that H20 has implemented, whether private trades or some exchange noone knows about, when all exchanges have been down and we end up getting quadruple payout leaving other pools with stuck Cryptsy exchanges and lower payouts.  I'd much rather he focus on that side of things.

Also note, most "dissatisfied" members that voice their grievances here joined Middlecoin less than two months ago.... Most of them in December.  Many with newbie status ratings on this forum.  Not saying they're wrong to air their problems... just that much of the complaints have already been addressed in this 300+ page long thread and many more satisfied pool members are just quiet and collecting their nice payouts daily.