[ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 296.

thehun

legendary

Activity: 1212

Merit: 1037

Maybe you people will start listening to me when I say that H2O is either

1) Stealing which is evidenced from his taking 90 bitcoins out of the pool and paying it to himself
2) Incompetent and has no idea what he's doing

You're in for more bad pay days guys. Any good pay day I would consider H2O is just trying to trick you into thinking everything is ok, then it will quickly go bad again.

Look who talks about stealing...

jam3zs

member

Activity: 70

Merit: 10

Quote from: Mikk36 on January 08, 2014, 07:39:15 AM

Quote from: vex_zg on January 08, 2014, 04:29:13 AM

Quote from: CaptainBeck on January 08, 2014, 04:14:12 AM

Quote from: ButterBread on January 08, 2014, 04:08:47 AM

Quote from: vex_zg on January 08, 2014, 03:59:43 AM

With this income, there is room for investing a part of it in building a loyal customer base, to build a lifelong business, not a one time off deal.

I wouldn't call this pool a business, a real business would at least have some kind of contact/address/registration information.

I think the whole mining pool scene is more of a wild-west fronteering situation I think..

Hmm.. Fronteering or frontiering? Judging from the urban dictionary entry for frontiering, definitely not that one

Surely there is no "frontiering" its just frontier. My spell check seems to think that way.

Quote from: Kalroth on January 08, 2014, 04:08:36 AM

Quote from: CaptainBeck on January 08, 2014, 03:49:40 AM

MtGox for some reason always seems to have the highest value BTC, but i dont see how because surely then people would just buy on the lower exchanges and sell on Gox and always level out the system.

mtgox pays better because you'll be waiting months on your payout.
At least compared to eg. kraken where I can get a payout in less than 24 hours and reinvest it quickly.

Surely you still get the price you cashed out at thou.
Why do they take so dam long, surely both the BTC and the cash is already there so u just exchange them, the only hard part is taking the fiat out of the system, because thats when laws and govs set involved, but BTC to fiat should be an eassy swap between two accounts.

Bitstamp seems to do it within couple of days, gox from what I've read takes very long. I'm not sure the problem is with banks, they should like to have new big customers, if you are a millions per month company, banks should be happy to get you - if one bank is too slow for your - you can change it. I'm not sure where the actual problem is.

Kraken has been next-day deliver so far for SEPA payments in my little group.

I have yet to make my first real life withdrawal from BTC to GBP. As I understand I'm probably going to have to use Kraken to do a SEPA transfer into Euro's? to my British Sterling bank account...

Could anyone confirm this (I have googled it but not had much luck

I've never done a SEPA payment before, so i wouldn't know where to begin but I guess if I phone my bank and give them the details from Kraken they'll know what I'm going on about?

Mikk36

newbie

Activity: 12

Merit: 0

Quote from: vex_zg on January 08, 2014, 04:29:13 AM

Quote from: CaptainBeck on January 08, 2014, 04:14:12 AM

Quote from: ButterBread on January 08, 2014, 04:08:47 AM

Quote from: vex_zg on January 08, 2014, 03:59:43 AM

With this income, there is room for investing a part of it in building a loyal customer base, to build a lifelong business, not a one time off deal.

I wouldn't call this pool a business, a real business would at least have some kind of contact/address/registration information.

I think the whole mining pool scene is more of a wild-west fronteering situation I think..

Hmm.. Fronteering or frontiering? Judging from the urban dictionary entry for frontiering, definitely not that one

Surely there is no "frontiering" its just frontier. My spell check seems to think that way.

Quote from: Kalroth on January 08, 2014, 04:08:36 AM

Quote from: CaptainBeck on January 08, 2014, 03:49:40 AM

MtGox for some reason always seems to have the highest value BTC, but i dont see how because surely then people would just buy on the lower exchanges and sell on Gox and always level out the system.

mtgox pays better because you'll be waiting months on your payout.
At least compared to eg. kraken where I can get a payout in less than 24 hours and reinvest it quickly.

Surely you still get the price you cashed out at thou.
Why do they take so dam long, surely both the BTC and the cash is already there so u just exchange them, the only hard part is taking the fiat out of the system, because thats when laws and govs set involved, but BTC to fiat should be an eassy swap between two accounts.

Bitstamp seems to do it within couple of days, gox from what I've read takes very long. I'm not sure the problem is with banks, they should like to have new big customers, if you are a millions per month company, banks should be happy to get you - if one bank is too slow for your - you can change it. I'm not sure where the actual problem is.

Kraken has been next-day deliver so far for SEPA payments in my little group.

JCviggen

hero member

Activity: 1260

Merit: 505

Age Of Mars | GameFI Virtual colonization of Mars

Quote from: KOTKA on January 08, 2014, 07:16:33 AM

Quote from: Manwe on January 07, 2014, 07:08:01 AM

Can someboy tell me how much BTC can 1m hashrate make per day please?

Yersteday it was 4 $ !!!

My 6.5 MH made 65 dollars at the last payout. Today seems less so far, but I have a ton of unexchanged building up.

KOTKA

newbie

Activity: 20

Merit: 0

Quote from: Manwe on January 07, 2014, 07:08:01 AM

Can someboy tell me how much BTC can 1m hashrate make per day please?

Yersteday it was 4 $ !!!

testthewhiterabbit

newbie

Activity: 54

Merit: 0

Quote from: ak111in on January 08, 2014, 06:35:56 AM

Is the accepted MH/s on the website correct, for me it is showing 1.07 instead of 2.5 also the total has reduced to 7100 instead of 10000+ ?

I'm getting a similar error, only 40% of what I should actually be submitting.

ak111in

full member

Activity: 180

Merit: 1003

Is the accepted MH/s on the website correct, for me it is showing 1.07 instead of 2.5 also the total has reduced to 7100 instead of 10000+ ?

jedimstr

hero member

Activity: 798

Merit: 1000

Quote from: Pompobit on January 08, 2014, 06:16:00 AM

Quote from: s4ndm4ns on January 07, 2014, 05:58:51 PM

Quote from: h2odysee on January 07, 2014, 04:37:05 PM

The bug we had, where we got 1% extra rejects that said "duplicate share" has been resolved.

Does it mean that its ok to go --no-submit-stale again?

+1

You should never have --no-submit-stale for coin switching pools. CGMiner will think some shares are stale when they actually aren't so you should always submit everything. If you enable that, you're essentially throwing money away.

Pompobit

hero member

Activity: 736

Merit: 508

Quote from: s4ndm4ns on January 07, 2014, 05:58:51 PM

Quote from: h2odysee on January 07, 2014, 04:37:05 PM

The bug we had, where we got 1% extra rejects that said "duplicate share" has been resolved.

Does it mean that its ok to go --no-submit-stale again?

+1

jam3zs

member

Activity: 70

Merit: 10

Quote from: Kalroth on January 08, 2014, 03:49:00 AM

Quote from: testthewhiterabbit on January 08, 2014, 03:11:54 AM

For those who are saying they got the best payout yet, what server were you on and how long have you been mining. I've been mining for 20 days on the US server, and yesterday was not a good payout. I was under the impression all servers were running the same code now...

It is the same code, but it's not always the same coins we're mining and it's not always the same amount of coins being traded in.

I think the confusion for some people is that this isn't one big social all mine, all share pool.
The pool keeps track of what you've mined and when you've mined it. You can't directly compare your 2Mh/s with someone else 2Mh/s, not even on the same server.
Some of his coins might have sold, while yours haven't. Your coins will sell next day, with a higher priority of course.
Or a particular coin can crash and h2o will have to sit on it for several days before he can trade it.
The altcoin market is very fluid and he's moving coins generated from over 11Gh/s of mining power these days.

My point is that it's not just a simple y Mh/s = x dollars formula, and it never will be. It's a lot more complicated than this.

And for what it's worth, today's payout was average for me, nothing special. But I got a ton of unexchanged coins, so it'll be better tomorrow.

Agreed!

vex_zg

newbie

Activity: 10

Merit: 0

Quote from: ButterBread on January 08, 2014, 04:08:47 AM

Quote from: vex_zg on January 08, 2014, 03:59:43 AM

With this income, there is room for investing a part of it in building a loyal customer base, to build a lifelong business, not a one time off deal.

I wouldn't call this pool a business, a real business would at least have some kind of contact/address/registration information.

I think the whole mining pool scene is more of a wild-west fronteering situation I think..

Hmm.. Fronteering or frontiering? Judging from the urban dictionary entry for frontiering, definitely not that one

Well the business, or endeavor, is what you make it. You can do it wild west style, or you can do it the proper way. I would spend up to 30% of the cash on hiring people for PR and stability improvements, but that's just me. Take a look at how the hashcows handled their big issue, that's how you handle problems. Now if only I didn't have a well paid job and a family, and had a little bit more hair.... oh wait, that's not needed

Anyway - times were good for a while, people could put up with issues while the profits were high, but now the focus should move to stability, support and PR. A lot of people invested their hard earned cash into rigs, and that should, must, be treated with respect.

CaptainBeck

full member

Activity: 168

Merit: 100

Quote from: vex_zg on January 08, 2014, 04:29:13 AM

Quote from: CaptainBeck on January 08, 2014, 04:14:12 AM

Quote from: ButterBread on January 08, 2014, 04:08:47 AM

Quote from: vex_zg on January 08, 2014, 03:59:43 AM

With this income, there is room for investing a part of it in building a loyal customer base, to build a lifelong business, not a one time off deal.

I wouldn't call this pool a business, a real business would at least have some kind of contact/address/registration information.

I think the whole mining pool scene is more of a wild-west fronteering situation I think..

Hmm.. Fronteering or frontiering? Judging from the urban dictionary entry for frontiering, definitely not that one

Surely there is no "frontiering" its just frontier. My spell check seems to think that way.

Quote from: Kalroth on January 08, 2014, 04:08:36 AM

Quote from: CaptainBeck on January 08, 2014, 03:49:40 AM

MtGox for some reason always seems to have the highest value BTC, but i dont see how because surely then people would just buy on the lower exchanges and sell on Gox and always level out the system.

mtgox pays better because you'll be waiting months on your payout.
At least compared to eg. kraken where I can get a payout in less than 24 hours and reinvest it quickly.

Surely you still get the price you cashed out at thou.
Why do they take so dam long, surely both the BTC and the cash is already there so u just exchange them, the only hard part is taking the fiat out of the system, because thats when laws and govs set involved, but BTC to fiat should be an eassy swap between two accounts.

Bitstamp seems to do it within couple of days, gox from what I've read takes very long. I'm not sure the problem is with banks, they should like to have new big customers, if you are a millions per month company, banks should be happy to get you - if one bank is too slow for your - you can change it. I'm not sure where the actual problem is.

From what i've heard from a lot of people the hold ups is between the trade person to person (btc to fiat) which i dont get why that take times. Surely thats the easy part from the system? Huh

Shaban

full member

Activity: 126

Merit: 100

Quote from: ButterBread on January 08, 2014, 04:08:47 AM

Quote from: vex_zg on January 08, 2014, 03:59:43 AM

With this income, there is room for investing a part of it in building a loyal customer base, to build a lifelong business, not a one time off deal.

I wouldn't call this pool a business, a real business would at least have some kind of contact/address/registration information.

I think the whole mining pool scene is more of a wild-west fronteering situation I think..

Hmm.. Fronteering or frontiering? Judging from the urban dictionary entry for frontiering, definitely not that one

It's definitely a business for h2o! He's pulling in over $3,000 PER DAY. That's $1,095,000 a year!

And that's not counting how much he makes off of cryptsy points through auto trading

vex_zg

newbie

Activity: 10

Merit: 0

Quote from: CaptainBeck on January 08, 2014, 04:14:12 AM

Quote from: ButterBread on January 08, 2014, 04:08:47 AM

Quote from: vex_zg on January 08, 2014, 03:59:43 AM

With this income, there is room for investing a part of it in building a loyal customer base, to build a lifelong business, not a one time off deal.

I wouldn't call this pool a business, a real business would at least have some kind of contact/address/registration information.

I think the whole mining pool scene is more of a wild-west fronteering situation I think..

Hmm.. Fronteering or frontiering? Judging from the urban dictionary entry for frontiering, definitely not that one

Surely there is no "frontiering" its just frontier. My spell check seems to think that way.

Quote from: Kalroth on January 08, 2014, 04:08:36 AM

Quote from: CaptainBeck on January 08, 2014, 03:49:40 AM

MtGox for some reason always seems to have the highest value BTC, but i dont see how because surely then people would just buy on the lower exchanges and sell on Gox and always level out the system.

mtgox pays better because you'll be waiting months on your payout.
At least compared to eg. kraken where I can get a payout in less than 24 hours and reinvest it quickly.

Surely you still get the price you cashed out at thou.
Why do they take so dam long, surely both the BTC and the cash is already there so u just exchange them, the only hard part is taking the fiat out of the system, because thats when laws and govs set involved, but BTC to fiat should be an eassy swap between two accounts.

Bitstamp seems to do it within couple of days, gox from what I've read takes very long. I'm not sure the problem is with banks, they should like to have new big customers, if you are a millions per month company, banks should be happy to get you - if one bank is too slow for your - you can change it. I'm not sure where the actual problem is.

CaptainBeck

full member

Activity: 168

Merit: 100

Quote from: JCviggen on January 08, 2014, 04:20:26 AM

Question, does the value of unexchanged coins get updated? What I mean is, when coins get added to unexchanged they have a certain BTC value at that moment in time, however they might be a lot lower or higher a few hours after while remaining unexchanged. I'm building up a lot of unexchanged and wondering if the value is reported accurately.

It should convert over, my understanding was that was the BTC price we got paid for it, but we are still waiting for it to come off the exchanges which can take a while. The immature funds are more likely to change in price because we are waiting for those to come out of the blockchain.

Shaban

full member

Activity: 126

Merit: 100

Quote from: testthewhiterabbit on January 08, 2014, 03:11:54 AM

For those who are saying they got the best payout yet, what server were you on and how long have you been mining. I've been mining for 20 days on the US server, and yesterday was not a good payout. I was under the impression all servers were running the same code now...

+1. My payout was not the best ever or the best since the beginning of the year. I only got $5 more than what I would have gotten mining straight LTC. I've had days where I make $30-$40 over LTC mining (which is almost twice as much as mining LTC straight), even this year, so not during the doge boom

JCviggen

hero member

Activity: 1260

Merit: 505

Age Of Mars | GameFI Virtual colonization of Mars

Question, does the value of unexchanged coins get updated? What I mean is, when coins get added to unexchanged they have a certain BTC value at that moment in time, however they might be a lot lower or higher a few hours after while remaining unexchanged. I'm building up a lot of unexchanged and wondering if the value is reported accurately.

CaptainBeck

full member

Activity: 168

Merit: 100

Quote from: ButterBread on January 08, 2014, 04:08:47 AM

Quote from: vex_zg on January 08, 2014, 03:59:43 AM

With this income, there is room for investing a part of it in building a loyal customer base, to build a lifelong business, not a one time off deal.

I wouldn't call this pool a business, a real business would at least have some kind of contact/address/registration information.

I think the whole mining pool scene is more of a wild-west fronteering situation I think..

Hmm.. Fronteering or frontiering? Judging from the urban dictionary entry for frontiering, definitely not that one

Surely there is no "frontiering" its just frontier. My spell check seems to think that way.

Quote from: Kalroth on January 08, 2014, 04:08:36 AM

Quote from: CaptainBeck on January 08, 2014, 03:49:40 AM

MtGox for some reason always seems to have the highest value BTC, but i dont see how because surely then people would just buy on the lower exchanges and sell on Gox and always level out the system.

mtgox pays better because you'll be waiting months on your payout.
At least compared to eg. kraken where I can get a payout in less than 24 hours and reinvest it quickly.

Surely you still get the price you cashed out at thou.
Why do they take so dam long, surely both the BTC and the cash is already there so u just exchange them, the only hard part is taking the fiat out of the system, because thats when laws and govs set involved, but BTC to fiat should be an eassy swap between two accounts.

ButterBread

member

Activity: 84

Merit: 10

Quote from: vex_zg on January 08, 2014, 03:59:43 AM

With this income, there is room for investing a part of it in building a loyal customer base, to build a lifelong business, not a one time off deal.

I wouldn't call this pool a business, a real business would at least have some kind of contact/address/registration information.

I think the whole mining pool scene is more of a wild-west fronteering situation I think..

Hmm.. Fronteering or frontiering? Judging from the urban dictionary entry for frontiering, definitely not that one

Kalroth

newbie

Activity: 51

Merit: 0

Quote from: CaptainBeck on January 08, 2014, 03:49:40 AM

MtGox for some reason always seems to have the highest value BTC, but i dont see how because surely then people would just buy on the lower exchanges and sell on Gox and always level out the system.

mtgox pays better because you'll be waiting months on your payout.
At least compared to eg. kraken where I can get a payout in less than 24 hours and reinvest it quickly.

Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 296. (Read 829908 times)