[ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 2.

coinGeek

full member

Activity: 221

Merit: 100

Quote from: andromeda66 on July 28, 2014, 07:14:28 PM

When new miners come to this thread and wants to inform themselves
about the pool and its benefits it seems right to me to warn each one to mine here.
If you already knew good for you but pls spread your wisdom somewhere else.
I like clean business and took care that middlecoin disappear from poolpicker.
If you only take care to yourselve go on with your live and may stay happy.

...

You got Middlecoin off poolpicker by saying something that isn't true, so that's nothing to be proud of.

The last time it was on poolpicker it had the highest average return over the previous two weeks. I don't think poolpicker is totally accurate, but it is true that Middlecoin has returns in the same range as the other script pools. (Which these days means not very good Wink

)

andromeda66

member

Activity: 89

Merit: 10

Quote from: unamis76 on July 27, 2014, 11:54:12 AM

Quote from: andromeda66 on July 27, 2014, 10:11:07 AM

Quote from: unamis76 on July 27, 2014, 06:22:27 AM

The pool does payout, you just have to wait a lot of time. A few months ago I mined my balance out, and I eventually got paid.

People who are still mining here either forgot their rig, are newbies that are just finding out about this now and don't have an account here, or people who simply don't care, there's no need for warnings...

I dont think so. If the pool have serious issues wherever they belong, people have to know about if there is a need or not.....for example i need my unpaid balance now and not
in a few month and that there is no one who takes care makes me angry and people should know that!!! Angry

On May 14th (or even way before) if you came to this thread, you could see this pool was in autopilot. You should relax. No need to post in big red letters, everyone knows what's up. Being angry won't make anyone pay you. Just find a new pool, as everyone here did.

When new miners come to this thread and wants to inform themselves
about the pool and its benefits it seems right to me to warn each one to mine here.
If you already knew good for you but pls spread your wisdom somewhere else.
I like clean business and took care that middlecoin disappear from poolpicker.
If you only take care to yourselve go on with your live and may stay happy.

Dont mine here...you may wont get pay or with great delay!

v0n

newbie

Activity: 24

Merit: 0

Quote from: coinGeek on July 27, 2014, 12:08:30 PM

If you look on the Middlecoin site at miners results you'll see that anyone who mines regularly is paid regularly and the results are more or less in line other script pools. If someone says that the pool doesn't pay they look silly to anyone who checks it out.

I think what the others are pointing out is that if the coins you mined today, at the moment, take several weeks to clear and trade, then you are only paid "regularly" because you bet on the pool long enough to get paid. Yet as nice as it might be (to be paid, regularly, eventually, if you wait long enough) the payment issued in this fashion is neither truly "regular" nor of any use to anyone who mined with the pool for today's prices.

Miners today hash for earnings and earnings only, any pool is only as good as today's payment and any pool that requires some sort of pledge of loyalty long term before those earnings are released is neither good for the miners wallet nor should it be actively popularized or encouraged to join.

Scenario where middlecoin payments are incidentally delayed due to automatic systems failing and exchange/payments lagging is detrimental to miner and will result in losses.
Scenario where middlecoin payments are consciously delayed due to the system being designed to withhold exchanged payments in order to improve statistics in falling market by creating "lag" and issuing payments at last weeks levels is detrimental to miner and will result in losses.

coinGeek

full member

Activity: 221

Merit: 100

Quote from: andromeda66 on July 27, 2014, 10:11:07 AM

Quote from: unamis76 on July 27, 2014, 06:22:27 AM

The pool does payout, you just have to wait a lot of time. A few months ago I mined my balance out, and I eventually got paid.

People who are still mining here either forgot their rig, are newbies that are just finding out about this now and don't have an account here, or people who simply don't care, there's no need for warnings...

I dont think so. If the pool have serious issues wherever they belong, people have to know about if there is a need or not.....for example i need my unpaid balance now and not
in a few month and that there is no one who takes care makes me angry and people should know that!!! Angry

If you look on the Middlecoin site at miners results you'll see that anyone who mines regularly is paid regularly and the results are more or less in line other script pools. If someone says that the pool doesn't pay they look silly to anyone who checks it out.

unamis76

legendary

Activity: 1512

Merit: 1012

Quote from: andromeda66 on July 27, 2014, 10:11:07 AM

Quote from: unamis76 on July 27, 2014, 06:22:27 AM

The pool does payout, you just have to wait a lot of time. A few months ago I mined my balance out, and I eventually got paid.

People who are still mining here either forgot their rig, are newbies that are just finding out about this now and don't have an account here, or people who simply don't care, there's no need for warnings...

I dont think so. If the pool have serious issues wherever they belong, people have to know about if there is a need or not.....for example i need my unpaid balance now and not
in a few month and that there is no one who takes care makes me angry and people should know that!!! Angry

On May 14th (or even way before) if you came to this thread, you could see this pool was in autopilot. You should relax. No need to post in big red letters, everyone knows what's up. Being angry won't make anyone pay you. Just find a new pool, as everyone here did.

andromeda66

member

Activity: 89

Merit: 10

Quote from: unamis76 on July 27, 2014, 06:22:27 AM

The pool does payout, you just have to wait a lot of time. A few months ago I mined my balance out, and I eventually got paid.

People who are still mining here either forgot their rig, are newbies that are just finding out about this now and don't have an account here, or people who simply don't care, there's no need for warnings...

I dont think so. If the pool have serious issues wherever they belong, people have to know about if there is a need or not.....for example i need my unpaid balance now and not
in a few month and that there is no one who takes care makes me angry and people should know that!!! Angry

unamis76

legendary

Activity: 1512

Merit: 1012

The pool does payout, you just have to wait a lot of time. A few months ago I mined my balance out, and I eventually got paid.

People who are still mining here either forgot their rig, are newbies that are just finding out about this now and don't have an account here, or people who simply don't care, there's no need for warnings...

andromeda66

member

Activity: 89

Merit: 10

Quote from: coinGeek on July 24, 2014, 11:07:07 AM

Quote from: andromeda66 on July 24, 2014, 08:18:04 AM

Caution!

Beware of Middlecoin.com!!!

Strange issues are going on and the pool didnt pay out!

Dont put your miners here you wont get paid!

It is true that strange things have been going on for a while. Just read back in this thread. The owner has seemed to stop maintaining the pool and dropped out of sight for some reason.

People are getting paid though. Just doing a quick look around I can't find anyone who had a balance over .01 who didn't get paid last night. So that part isn't true. It does look like everyone is running a high unexchanged, so some coins aren't being sold for some reason.

Like I said yesterday, If it's broken if will be interesting to see if anyone fixes if.

When your balance stuck in "unexchanged" and dont move to "balance" this will cause a "No Payout"....the result is same for me....so we have to warn the miners that there is no garantie that an "unexchanged balance" moves to balance and will be paid out automatically....maybe a massive drop in hashpower kicks someones ass out of his hole or from the beach ;-)

coinGeek

full member

Activity: 221

Merit: 100

After a little study, I think Middlecoin is still working and paying out. I do think it deserves a warning label and I'll leave one on the graphs for now.

If anyone can show me an example of users who are hashing on Middlecoin and not making something like LTC level returns, point them out to me and I'll make the message stronger.

kenshirothefist

sr. member

Activity: 457

Merit: 273

Woha, it is really awesome to see this thread alive agian Wink

I was a big fan of middlecoin in it's early days - brilliant innovative idea, outstanding profits and misterious operator (h2o) Wink

... And it is trully unbelivable that this pool is still alive ... still so many miners. However, I do not believe that this pool runs by itself ... 5 (or more) servers, distibuted database, connections to exchanges ... no way that this runs by itself - especially if you look at the history of middlecion with no so many but stil occasional issues, downtime, etc. ... Ayway, it is great to see a cryptocion service still being alive (even though slowly fading away) after more then a year! Congratulations to h2o who is for sure on some beach with a beer in his left hand and a wallet, full of Bitcoins in his right hand Wink

coinGeek

full member

Activity: 221

Merit: 100

I just put his message on the graphs on Middlecoin:

Quote

This pool seems to be unmaintained.

Do your homework before mining here. If you have a
problem it could be no one can fix it.

If this message is wrong PM coinGeek at bitcointalk.org

If anyone has any information I should know about the pool PM me.

EDIT: I toned the message down a bit. It looks to me like the pool is working for the most part although it's true that it seems unmaintained.

coinGeek

full member

Activity: 221

Merit: 100

Quote from: andromeda66 on July 24, 2014, 08:18:04 AM

Caution!

Beware of Middlecoin.com!!!

Strange issues are going on and the pool didnt pay out!

Dont put your miners here you wont get paid!

It is true that strange things have been going on for a while. Just read back in this thread. The owner has seemed to stop maintaining the pool and dropped out of sight for some reason.

People are getting paid though. Just doing a quick look around I can't find anyone who had a balance over .01 who didn't get paid last night. So that part isn't true. It does look like everyone is running a high unexchanged, so some coins aren't being sold for some reason.

Like I said yesterday, If it's broken if will be interesting to see if anyone fixes if.

andromeda66

member

Activity: 89

Merit: 10

Quote from: andromeda66 on July 23, 2014, 01:04:17 PM

Quote from: coinGeek on July 22, 2014, 04:40:10 PM

Quote from: andromeda66 on July 22, 2014, 06:08:17 AM

Quote from: coinGeek on July 15, 2014, 09:33:53 PM

Quote from: suchmoon on July 15, 2014, 08:08:50 PM

Oh dear, haven't looked at it in a while. 60 BTC balance, dust presumably? I know I have ~0.008 there, maybe I should mine a little bit to get to 0.01

12 BTC unexchanged, but that could be worthless for all we know.

I had the same thought about the 60 BTC of carry over balance. That's a lot of dust sitting in a wallet that someone can maybe still access. With 40000 some IDs and a lot with sub .01btc balances I can believe it is just a thick layer of dust, but I'm too lazy to do the math right now.

Just another strange part of the Middlecoin mystery I guess.

I mined my balance down to zero a while back. With script mining paying so little now you won't lose that much throwing a little hash at Middlecoin to even up.

There are strange issues with middlecoin.

I have unconverted balance for about one week now and the pool owner didnt anwer to my questions.
I have to warn all miners outside because i am not sure if middlecoin is able to pay out his customers.

Is your balance over .01 BTC? and what's your hash rate?

My "Immature Unexchanged Balance (estimated BTC)" all went to "Unexchanged Balance (estimated BTC)" but didnt go any further
to "balance". It stuck in "Unexchanged Balance (estimated BTC)".....and yes, my Unexchanged Balance is over .01 btc....and i have no active hashrate because
i dont want to throw my money into ab big black hole Cry

....another hint could be that if you take a look at the front page of middlecoin.com you´ll see
an embedded twitter window....the last tweet was from Mar 7.....and the last activity from the dev was April 11.....look at this:

Name:    h2odysee
Posts:    489
Activity:    238
Position:    Full Member
Date Registered:    May 01, 2013, 10:43:23 PM
Last Active:    April 11, 2014, 10:05:20 PM

I think that will speak for its own, does it? Maybe there happened something very bad to h2odysee

Strange. But as it is written....... Roll Eyes

Caution!

Beware of Middlecoin.com!!!

Strange issues are going on and the pool didnt pay out!

Dont put your miners here you wont get paid!

I also inform poolpicker.eu in order to remove middlecoin stats from there site

edit:

Here the answer from poolpicker.eu:

"Hey.

I have now disabled Middlecoin on PoolPicker. Thanks for bringing this to me.

Cheers,
webbson"

andromeda66

member

Activity: 89

Merit: 10

Quote from: coinGeek on July 22, 2014, 04:40:10 PM

Quote from: andromeda66 on July 22, 2014, 06:08:17 AM

Quote from: coinGeek on July 15, 2014, 09:33:53 PM

Quote from: suchmoon on July 15, 2014, 08:08:50 PM

Oh dear, haven't looked at it in a while. 60 BTC balance, dust presumably? I know I have ~0.008 there, maybe I should mine a little bit to get to 0.01

12 BTC unexchanged, but that could be worthless for all we know.

I had the same thought about the 60 BTC of carry over balance. That's a lot of dust sitting in a wallet that someone can maybe still access. With 40000 some IDs and a lot with sub .01btc balances I can believe it is just a thick layer of dust, but I'm too lazy to do the math right now.

Just another strange part of the Middlecoin mystery I guess.

I mined my balance down to zero a while back. With script mining paying so little now you won't lose that much throwing a little hash at Middlecoin to even up.

There are strange issues with middlecoin.

I have unconverted balance for about one week now and the pool owner didnt anwer to my questions.
I have to warn all miners outside because i am not sure if middlecoin is able to pay out his customers.

Is your balance over .01 BTC? and what's your hash rate?

My "Immature Unexchanged Balance (estimated BTC)" all went to "Unexchanged Balance (estimated BTC)" but didnt go any further
to "balance". It stuck in "Unexchanged Balance (estimated BTC)".....and yes, my Unexchanged Balance is over .01 btc....and i have no active hashrate because
i dont want to throw my money into ab big black hole Cry

....another hint could be that if you take a look at the front page of middlecoin.com you´ll see
an embedded twitter window....the last tweet was from Mar 7.....and the last activity from the dev was April 11.....look at this:

Name:    h2odysee
Posts:    489
Activity:    238
Position:    Full Member
Date Registered:    May 01, 2013, 10:43:23 PM
Last Active:    April 11, 2014, 10:05:20 PM

I think that will speak for its own, does it? Maybe there happened something very bad to h2odysee

Strange. But as it is written....... Roll Eyes

coinGeek

full member

Activity: 221

Merit: 100

Quote from: phzi on July 22, 2014, 07:02:07 PM

Quote from: coinGeek on July 22, 2014, 06:51:36 PM

Your advice is good and I agree.

My question is a bit more subtle though: Is it really possible for a mining pool to run for months unattended?

How do the server bills at Amazon get paid. (and with what? it can't make much more then about $10 a day in fees). What happens if a coin changes software? an exchange changes interface? and Huh

I realize that no one with answers seems to be talking but the more I think about it the stranger it seems.

Sure.

Not hard to pre-pay for a server for a year. Litecoin hasn't had any hard-forks, and exchange APIs changing to the point of breaking compatibility with existing software is pretty unlikely.

Those are plausible answers. As a software developer though, I can't help worrying about all the moving parts. I guess we just have to wait for it to break and see if anyone fixes it.

I think h2o was always a one man show so he was probably always working to make it as automatic as possible. In which case, good job 2 -- you bastard

.

LeetPoolsOP

full member

Activity: 507

Merit: 100

Quote from: coinGeek on July 22, 2014, 06:51:36 PM

Quote from: phzi on July 22, 2014, 05:41:27 PM

Quote from: coinGeek on July 22, 2014, 05:09:48 PM

The general conciseness seems to be that Middlecoin is just running all by itself with no one in charge or maintaining it. So, miners should beware.

This raises all sorts of questions for me. Like, why? And, how can it keep running at all?

Not only that, but according to poolpicker.eu it's average return is in line with other script pools for the last few weeks. Of course, all script pools are doing crap now... But my point is that middlecoin is supposedly doing it with both hands tied behind it's back.

How can it do that?

Simple - mine the site is mining the same old coins it has always had, like litecoin and dogecoin... The difference in profitiability between scrypt coins is so small now because of predominant multi-pool mining, that even if Middlecoin was only mining litecoin, it would be somewhat close to other pools.

However, you're absolutely nuts if you're still pointing hash at this pool.

Try:
WafflePool.com
or
CleverMining.com
or
heck, just mine some Litecoins.

Your advice is good and I agree.

My question is a bit more subtle though: Is it really possible for a mining pool to run for months unattended?

How do the server bills at Amazon get paid. (and with what? it can't make much more then about $10 a day in fees). What happens if a coin changes software? an exchange changes interface? and Huh

I realize that no one with answers seems to be talking but the more I think about it the stranger it seems.

Another profit pool that is new is http://leetpools.net - Looking for new miners.

BCT Thread here: https://bitcointalksearch.org/topic/profit-switch-auto-exchange-x11-x13-scrypt-pool-btc-payouts-702527

phzi

hero member

Activity: 700

Merit: 500

Quote from: coinGeek on July 22, 2014, 06:51:36 PM

Your advice is good and I agree.

My question is a bit more subtle though: Is it really possible for a mining pool to run for months unattended?

How do the server bills at Amazon get paid. (and with what? it can't make much more then about $10 a day in fees). What happens if a coin changes software? an exchange changes interface? and Huh

I realize that no one with answers seems to be talking but the more I think about it the stranger it seems.

Sure.

Not hard to pre-pay for a server for a year. Litecoin hasn't had any hard-forks, and exchange APIs changing to the point of breaking compatibility with existing software is pretty unlikely.

coinGeek

full member

Activity: 221

Merit: 100

Quote from: phzi on July 22, 2014, 05:41:27 PM

Quote from: coinGeek on July 22, 2014, 05:09:48 PM

The general conciseness seems to be that Middlecoin is just running all by itself with no one in charge or maintaining it. So, miners should beware.

This raises all sorts of questions for me. Like, why? And, how can it keep running at all?

Not only that, but according to poolpicker.eu it's average return is in line with other script pools for the last few weeks. Of course, all script pools are doing crap now... But my point is that middlecoin is supposedly doing it with both hands tied behind it's back.

How can it do that?

Simple - mine the site is mining the same old coins it has always had, like litecoin and dogecoin... The difference in profitiability between scrypt coins is so small now because of predominant multi-pool mining, that even if Middlecoin was only mining litecoin, it would be somewhat close to other pools.

However, you're absolutely nuts if you're still pointing hash at this pool.

Try:
WafflePool.com
or
CleverMining.com
or
heck, just mine some Litecoins.

Your advice is good and I agree.

My question is a bit more subtle though: Is it really possible for a mining pool to run for months unattended?

How do the server bills at Amazon get paid. (and with what? it can't make much more then about $10 a day in fees). What happens if a coin changes software? an exchange changes interface? and Huh

I realize that no one with answers seems to be talking but the more I think about it the stranger it seems.

coinGeek

full member

Activity: 221

Merit: 100

Quote from: v0n on July 22, 2014, 06:17:30 PM

Quote from: coinGeek on July 22, 2014, 05:09:48 PM

Not only that, but according to poolpicker.eu it's average return is in line with other script pools for the last few weeks. Of course, all script pools are doing crap now... But my point is that middlecoin is supposedly doing it with both hands tied behind it's back.

This might have more to do with the way poolpicker calculates or perhaps is even led to arrive at its daily numbers.

Good point. poolpicker uses the best numbers it can come up with depending on what the individual sites offer. There are real limitations to that approach though and you have to take it with a grain of salt. Suchmoon's technique of actually mining sites and reporting his results is much better

https://bitcointalksearch.org/topic/discontinued-cryptoday-mining-revenue-stats-scrypt-scrypt-n-x11-x13-514242

He quit mining Middlecoin though -- probably with good reason at the time.

Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 2. (Read 829908 times)