Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 297. (Read 829908 times)

This pool might have become too big to be significantly more profitable than LTC, even as profitable is not easily attainable. Victim of it's own simplicity and success.

Profits have been steadily declining, particularly visible in the last few days, and IMHO not nearly as profitable as top 5 coins. I've almost got tears in my eyes seeing the missed profit, and the lack of time to do anything about it. Yes, we're big so it's simply not possible to mine the most profitable coins, due to insufficient market depth for them, so we must settle for bigger, less profitable ones. That defeats the very purpose of the profitability pool. If the target was a "stable, no hassle pool with medium profitability", we could probably be reaching it, if there wasn't for all the beta testing, which, when you want to keep your customers, is usually not rolled out without sufficient testing. I do SW development coordination for living. I would lose my job if I did beta testing with real customers, on production systems. My job is to prevent that.

Op's lack of transparency is understandable, the pool hashrate is still growing, so good PR, or even any,  PR is obviously not needed to run the business as enough hash will come in anyway. I would certainly not run it that way, but it seems that there's a lot of followers who see nothing wrong with it, so it can't be expected to improve. 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. Even though the money is good, it will not last for a lifetime.

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.

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.

Why would you exchange your btc to usd in mtgox? You wanna get goxed on your fiat withdrawal? 

Yes. If you got less than 0.01, but more than 0.001, then the remainder will be paid out after 7 days.

I've stuck it back for a bit since I'm home to keep an eye on it and cgminer has now frozen after two hours. It went down at 0805 UTC.




Have to reboot the whole rig

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...

Hey does anyone know what happens when you want to change wallet addresses?
What happens to my un-paid out balance if I change my wallet address when using middlecoin?
Is there a way to transfer it over to the new wallet?
or will that remainder (<0.01BTC) eventually be paid out automatically after 7 days?

I'm showing 5 x more unexchanged 

http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1M9B8YxAXRLzSR3J74kZe8uA18ZCQGZFCh.html

Sod's law that the day my rig fucks up for a day is the same day that we get a really high payout!

Anyone else is having tons of unexchanged coins? Look at my status:



I'm on EU server. h2o, when do you plan to exchange all those coins?

I've set a large part of my mining operation to useast tonight. Still have to change the other 1/3 tomorrow @ work. I will post if I see a noticeable difference in 2 days so I can have a full 24 hour cycle

#1 has more rejects, what is your point

Payout for Middlecoin.com

1-8-2014 -  .00937 /MHash      
source - http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/137Am3oGK2hUTLcuSMN349mZmnUtmZg6Uk.html
1-8-2014 - .00998 /MHash
source - http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/13gEWAzMvwJBzrcZ8TmHYZxAohf9pK2848.html

Crashes on middlecoin? How is that even possible?

I'm getting nice results on useast server, my accepted shares per hour has gone up quite a bit and hash rate is consistent on the site. Nice work h20.

It has always ran well for me compared to most others..

Can I please get a list of the payment addresses for those who are claiming "the best payout day of all year"? Unless they are talking about the year 2014, they are high on crack! Today seems to be another slow moving day especially which is very disappointing. We pull a steady 10MH and averages seems to be declining since the last 15 days.

I'd love to try hashcows but, as you probably know, their new user sign up is still down. Just tried 10 minutes ago /sigh

Best payout day?

Eugh

I moved away because my miner crashes with middlecoin.