[ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 271.

DMacleod

full member

Activity: 140

Merit: 100

Quote from: SimonG on January 12, 2014, 06:56:58 AM

Quote from: BombaUcigasa on January 12, 2014, 06:51:09 AM

Quote from: SimonG on January 12, 2014, 06:46:03 AM

Memecoin is still 300% more profitable that dogecoin which we are mining right now.

Hashcows and multipool are not mining it either. Where would they exchange it if they mined it? And how can you tell it is 300% more profitable? I can't!

I'm not saying we should mine it, we can't.
I just want people to understand that the only scrypt coins that can handle middlecoins insane hashpower are dogecoin (22.06 GH/s) and litecoin (129.92 GH/s) which are not very "profitable" at the moment.

At the same time other smaller multipools can mine scrypt coins which are 200-300% more profitable.

Just to give you perspective Middlecoin represents 50% of dogecoin network hashrate. That's completely insane.

SimonG, So what is the average profitability in BTC/day or USD/day per MH/S in the past month on your pool (ur from hashcows right?)

Thanks.

BombaUcigasa

legendary

Activity: 1442

Merit: 1005

Quote from: SimonG on January 12, 2014, 06:56:58 AM

Quote from: BombaUcigasa on January 12, 2014, 06:51:09 AM

Quote from: SimonG on January 12, 2014, 06:46:03 AM

Memecoin is still 300% more profitable that dogecoin which we are mining right now.

Hashcows and multipool are not mining it either. Where would they exchange it if they mined it? And how can you tell it is 300% more profitable? I can't!

I'm not saying we should mine it, we can't.
I just want people to understand that the only scrypt coins that can handle middlecoins insane hashpower are dogecoin (22.06 GH/s) and litecoin (129.92 GH/s) which are not very "profitable" at the moment.

At the same time other smaller multipools can mine scrypt coins which are 300% more profitable like smaller alt-coins such as Memecoin which are all traded on cryptsy.

Just to give you perspective Middlecoin represents 50% of dogecoin network hashrate. That's completely insane.

Yes, I agree. And even if we went to mine those, it would take something like 30-90 seconds to raise the difficulty on those coins and drive their profitability into the ground, then return to the mentioned coins for the rest of the hour. In total, it wouldn't be a huge bonus because it can only be obtained for a short period.

SimonG

member

Activity: 84

Merit: 10

Quote from: BombaUcigasa on January 12, 2014, 06:51:09 AM

Quote from: SimonG on January 12, 2014, 06:46:03 AM

Memecoin is still 300% more profitable that dogecoin which we are mining right now.

Hashcows and multipool are not mining it either. Where would they exchange it if they mined it? And how can you tell it is 300% more profitable? I can't!

I'm not saying we should mine it, we can't.
I just want people to understand that the only scrypt coins that can handle middlecoins insane hashpower are dogecoin (22.06 GH/s) and litecoin (129.92 GH/s) which are not very "profitable" at the moment.

At the same time other smaller multipools can mine scrypt coins which are 200-300% more profitable.

Just to give you perspective Middlecoin represents 50% of dogecoin network hashrate. That's completely insane.

sambiohazard

hero member

Activity: 840

Merit: 1000

I have 0.0013 BTC as balance for last two days. Now will it be paid next week or at next payment? I am a bit confused. Huh

koldtoft

member

Activity: 63

Merit: 10

Quote from: romantic1 on August 03, 2013, 11:40:09 PM

Quote from: h2odysee on August 03, 2013, 09:35:44 PM

Today we had a hashrate of 652.4 MH/s, and a payout of 31.7. So we had an average profit of 0.0486 BTC per MH/s per day.

I wouldn't expect that to continue though. Our mystery coin's difficulty has gone up.

Confirmed ! I get 0.243 btc with my 5 mh/s rig today ! Thank you very much ! I wonder how you caculate the hashrate a day when it sometimes go up and sometimes go down ! Keeping good work and I will follow you !

0.243

You must mean 0.0243 right?

210 USD a day from a 5 MH rig seems a bit unrealistic.

This is from my 4 Mhash (4 PC's - 6 GPU's pointing on 1 BTC address)
Jan. 11, 2014, 2:49 a.m. 0.03963188
Jan. 12, 2014, 2:31 a.m. 0.02249995

st4nl3y

legendary

Activity: 1050

Merit: 1000

wtf happened there? 19minutes for a coin switch??

BombaUcigasa

legendary

Activity: 1442

Merit: 1005

Quote from: SimonG on January 12, 2014, 06:46:03 AM

Memecoin is still 300% more profitable that dogecoin which we are mining right now.

Hashcows and multipool are not mining it either. Where would they exchange it if they mined it? And how can you tell it is 300% more profitable? I can't!

sambiohazard

hero member

Activity: 840

Merit: 1000

Quote from: Vinz87 on January 12, 2014, 04:57:27 AM

Hi all, I would try to mine at this pool, but I read that the difficulty is fixed at 512. I can only reach 0.12 MH/s, so I would ask you: can I still mine with this hashrate and difficulty 512, or will I mine for hours without submitting any shares?
anyone has experience of mining with low hashrates and high difficulties?

I have been mining with 0.04 MH/s and i submit around 40 shares in 12 hours approx. earning 0.0002 BTC.

BombaUcigasa

legendary

Activity: 1442

Merit: 1005

Quote from: logi on January 12, 2014, 04:51:27 AM

Quote from: BombaUcigasa on January 12, 2014, 04:39:18 AM

No apologies needed, these are very good questions. middlecoin doesn't need to use other pools, it can just mine directly as a peer on those networks because of the huge hashpower, thus it gets 100% of the block payout with no fees for someone else. Some of the newer badly designed altcoins have to be mined directly on the network or the delays and latency of using another pool would cause a terrible payout percentage.

Is there a minimal reasonable hashrate for direct mining, like 1% of network hashpower? Middlecoin is pretty big now, but I assume it started out small and used alt pools for mining at least for a while? I'm wondering how it got off the ground if it first had to use middle men.. or am I assuming too much, did it attract a lot of hashpower immediately?

Yes, any hashrate below 1kh/s is not being reported in the stats.

Also you need at least 0.001 BTC collected in 7 days for a payout to be reported in the stats.

Regular users may collect >0.01 BTC payments in their first day and get paid and reported in the stats.

As for the bootstrapping, yes you can use a lower starting fee and pay the fee for other pools and grow like that.

SimonG

member

Activity: 84

Merit: 10

Quote from: DMacleod on January 12, 2014, 06:24:42 AM

Quote from: SimonG on January 12, 2014, 06:07:19 AM

Quote from: DMacleod on January 12, 2014, 05:59:03 AM

Quote from: SimonG on January 12, 2014, 04:08:09 AM

I also wants to see the chinise ultra miner gone from this pool until then I switch pool to trademybit. This pool is way to large now to mine the smaller more profitable coins.

10$ payment today is a joke. It was more than 2x before.

Right now the most profitable scrypt coin is Memecoin with a network hashrate of 244.81 MH. Middlecoin is more than 5000% larger than network hashrate.

Not sure about memecoin. It gives you around 60$ per day. Any other options?

At which hashrate?

4800 KHS.

Memecoin is still 300% more profitable that dogecoin which we are mining right now.

st4nl3y

legendary

Activity: 1050

Merit: 1000

I need a link to check my mining stats please.

DMacleod

full member

Activity: 140

Merit: 100

Quote from: SimonG on January 12, 2014, 06:07:19 AM

Quote from: DMacleod on January 12, 2014, 05:59:03 AM

Quote from: SimonG on January 12, 2014, 04:08:09 AM

I also wants to see the chinise ultra miner gone from this pool until then I switch pool to trademybit. This pool is way to large now to mine the smaller more profitable coins.

10$ payment today is a joke. It was more than 2x before.

Right now the most profitable scrypt coin is Memecoin with a network hashrate of 244.81 MH. Middlecoin is more than 5000% larger than network hashrate.

Not sure about memecoin. It gives you around 60$ per day. Any other options?

At which hashrate?

4800 KHS.

SimonG

member

Activity: 84

Merit: 10

Quote from: DMacleod on January 12, 2014, 05:59:03 AM

Quote from: SimonG on January 12, 2014, 04:08:09 AM

I also wants to see the chinise ultra miner gone from this pool until then I switch pool to trademybit. This pool is way to large now to mine the smaller more profitable coins.

10$ payment today is a joke. It was more than 2x before.

Right now the most profitable scrypt coin is Memecoin with a network hashrate of 244.81 MH. Middlecoin is more than 5000% larger than network hashrate.

Not sure about memecoin. It gives you around 60$ per day. Any other options?

At which hashrate?

DMacleod

full member

Activity: 140

Merit: 100

Quote from: SimonG on January 12, 2014, 04:08:09 AM

I also wants to see the chinise ultra miner gone from this pool until then I switch pool to trademybit. This pool is way to large now to mine the smaller more profitable coins.

10$ payment today is a joke. It was more than 2x before.

Right now the most profitable scrypt coin is Memecoin with a network hashrate of 244.81 MH. Middlecoin is more than 5000% larger than network hashrate.

Not sure about memecoin. It gives you around 60$ per day. Any other options?

Raiden

newbie

Activity: 17

Merit: 0

Quote from: BombaUcigasa on January 12, 2014, 04:39:18 AM

Quote from: logi on January 12, 2014, 04:32:35 AM

I apologize in advance if this is offtopic (and taking suggestions on where to move it if it is).
I was wondering about the inner workings of middlecoin.

If I understand this correctly, it switches to mining the most profitable coin by pointing its hashpower to one of the altcoin pools? Is there any way of knowing which pools those are?

Also, most alt pools (from what I can tell) are either PPS and take a percentage, or are PPLNS with 0%. So in case of a PPS alt pool are we effectively paying a compounded percentage (both to the altcoin pool and middlecoin)? Does PPLNS average out or is it less profitable than PPS for pool switching? If we are mining on PPLNS altcoin pools then we have a delay in receiving shares, so no immediate trading can occur?

No apologies needed, these are very good questions. middlecoin doesn't need to use other pools, it can just mine directly as a peer on those networks because of the huge hashpower, thus it gets 100% of the block payout with no fees for someone else. Some of the newer badly designed altcoins have to be mined directly on the network or the delays and latency of using another pool would cause a terrible payout percentage.

Quote from: Raiden on January 11, 2014, 11:07:22 PM

Quote from: jamesc760 on January 11, 2014, 10:25:56 PM

sh*tty payout today, I love it! Because I want the china farmer gone, gone gone from this pool! I want the recent arrivals to leave as well! Be gone! This pool has grown TOO BIG TOO FAST, can't handle the stated objective. The longer you stay, the worse payouts will get. Go join the multipool, hashco.ws or mine LTC, PPC, TRC, DOGE, or other MORE PROFITABLE coins!!!

hashco.ws sucks

People will think you're a hater, but I checked closely and yesterday hashcows switched to MNC just as it was switching difficulty UP, and mined there for 20 minutes for something like 40% payout compared to what was available just 5 minutes before. Multipool instead was mining 5 minutes before and picked up half a day's worth of coins in just 5 minutes for a nice 250% payout. There is definitely room for improvement.

Is there any other port link to hashco.ws except "stratum+tcp://stratum01.hashco.ws:3333"？I always have connection problem with it.

SimonG

member

Activity: 84

Merit: 10

Quote from: Vinz87 on January 12, 2014, 05:43:55 AM

Quote from: SimonG on January 12, 2014, 05:09:09 AM

Quote from: Vinz87 on January 12, 2014, 04:57:27 AM

Hi all, I would try to mine at this pool, but I read that the difficulty is fixed at 512. I can only reach 0.12 MH/s, so I would ask you: can I still mine with this hashrate and difficulty 512, or will I mine for hours without submitting any shares?
anyone has experience of mining with low hashrates and high difficulties?

You should try trademybit.com.

My estimated earnings are 30$ for 1.5 Mh/s hashrate. I'm not 100% this will be actual earnings though

so do you think with 0.12 MH/s and difficulty 512 I won't submit any share at all?

Yes. I have 1.5 MH/s and submit 2.6 shares per minute on middlecoin. You would only submit 0.12 shares per minute if any.

Vinz87

member

Activity: 72

Merit: 10

Quote from: SimonG on January 12, 2014, 05:09:09 AM

Quote from: Vinz87 on January 12, 2014, 04:57:27 AM

Hi all, I would try to mine at this pool, but I read that the difficulty is fixed at 512. I can only reach 0.12 MH/s, so I would ask you: can I still mine with this hashrate and difficulty 512, or will I mine for hours without submitting any shares?
anyone has experience of mining with low hashrates and high difficulties?

You should try trademybit.com.

My estimated earnings are 30$ for 1.5 Mh/s hashrate. I'm not 100% this will be actual earnings though

so do you think with 0.12 MH/s and difficulty 512 I won't submit any share at all?

coin123123

sr. member

Activity: 252

Merit: 250

Quote from: jamesc760 on January 11, 2014, 10:25:56 PM

sh*tty payout today, I love it! Because I want the china farmer gone, gone gone from this pool! I want the recent arrivals to leave as well! Be gone! This pool has grown TOO BIG TOO FAST, can't handle the stated objective. The longer you stay, the worse payouts will get. Go join the multipool, hashco.ws or mine LTC, PPC, TRC, DOGE, or other MORE PROFITABLE coins!!!

That's what I thought, but I think it's incorrect.
Probably altcoin mining game is over, very soon it will not be profitable as it was till now.

Looking at coinwarz, there are no coins with more than 2000% profit over bitcoin,
two weeks ago there were about 15 coins which are above 3500% profit over bitcoin.

Guess the market is stabilizing and our mining game gets to an end.

EDIT: also litecoin until recently was 2500% over bitcoin, now its down to 1200%

SimonG

member

Activity: 84

Merit: 10

Quote from: Vinz87 on January 12, 2014, 04:57:27 AM

Hi all, I would try to mine at this pool, but I read that the difficulty is fixed at 512. I can only reach 0.12 MH/s, so I would ask you: can I still mine with this hashrate and difficulty 512, or will I mine for hours without submitting any shares?
anyone has experience of mining with low hashrates and high difficulties?

You should try trademybit.com.

My estimated earnings are 30$ for 1.5 Mh/s hashrate. I'm not 100% this will be actual earnings though

linked67

sr. member

Activity: 336

Merit: 250

Quote from: ellave on January 11, 2014, 06:28:31 PM

Who is clever enough to make an andriod widget which displays our vital stats? A version of this perhaps - http://bitcoinideal.eu/middlecoin/index.php?username=1M9B8YxAXRLzSR3J74kZe8uA18ZCQGZFCh

I have a "read to submit" app for the apple store.

Home page:

Details page:

I'll submit it today and it should take a week until apple aprove it...or not.

Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 271. (Read 829922 times)