Author

Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 320. (Read 829922 times)

newbie
Activity: 51
Merit: 0
EU and US are the same right now, EU will be separated again once it's fixed.
Check the IP address of both hostnames.
newbie
Activity: 25
Merit: 0
Don't know about EU, but for the past 10 minutes it looks like US has been switching between DOGE, LTC, and Worldcoin.
sr. member
Activity: 266
Merit: 250
Are we still mining LTC at EU server?
full member
Activity: 182
Merit: 100
h2o, what coin are we mining right now in the US? I cant believe that this can be true Smiley
sr. member
Activity: 672
Merit: 250
People in this thread are getting down right vicious.  It's getting to where I'm actually scared to check the updates.  Has anyone ever heard the story of Chicken Little?  lol

Chad
legendary
Activity: 1442
Merit: 1005
Innocent until guilty? Well why did he transfer 90 bitcoins out of the pool to a private address and not use them for payments? That's not his 3% fee.
  Roll Eyes
sr. member
Activity: 420
Merit: 263
let's make a deal.
Innocent until guilty? Well why did he transfer 90 bitcoins out of the pool to a private address and not use them for payments? That's not his 3% fee.

I never heard back from you after I paid for a video card. Card never came. You didn't log back in or respond. I auctioned the debt to someone else on the Forums, you still owe them a half bitcoin. In my book, you're a scammer. Mods thought that your account was a shill account.

Please PM me if you are interested in resolving this issue, I can connect you with the owner of this debt.

Thanks.
+1
hero member
Activity: 515
Merit: 506
Screw It, Let's Do It
Payout dropped more than 50% (EU Server). Same hashrate, no downtime (miners, no stales, ...).
Payout is less than on Litecoin pools.

Problem exists since EU server switched to litecoin.
newbie
Activity: 28
Merit: 0
Next up ITT:

1. Someone rambling that payouts suck
2. Someone rambling that h2o is skimming
3. Someone rambling that cgminer keeps disconnecting on coinchange
4. MiMiMiner rambling about that his x-hundred mh/s are going elsewhere

God, this thread is comedy gold.

Quote
Insanity: doing the same thing over and over again and expecting different results.
full member
Activity: 160
Merit: 100
Why do you guys keep feeding the troll?  Put him on ignore and be done with it already.

In other news, alt prices are tanking.  I'm betting tonight payout is going to suck.  Also, I'm noticing that the US server is switching between mining Doge and LTC.  Doge I can at least understand but why in the world would the U.S. server actually switch to mining LTC when there is literally a dozen more profitable coins above it to mine??
full member
Activity: 168
Merit: 100
Also, if you have no trust in this system why use it at all??
full member
Activity: 129
Merit: 100
^I honestly have no idea how it works. I've been in queue for what seems like forever.

Hi!
Thanks for the explanation...
But what that really means in pratic terms? The Light Blue bar is what i will still recieve? What am i really getting payout?
The green light bar is imature coin? What is that? Some coin i just mined but its still too low valued?

Sorry but its my first time with so much data to analyse and correlate!

Thanks!

LPC
What is the unexchanged balance?

This is your balance of coins other than bitcoins. My auto-exchanger will convert them into bitcoins, usually within a day. Some coins take a while to reach "trade maturity" to where you can send them without paying a fee. These coins will take longer to be converted into bitcoins.

What is the immature unexchanged balance?

This is your balance obtained from blocks that have not yet reached maturity, and are therefore possible orphans. After a designated number of blocks, you will be credited these coins, and they will go under your "unexchanged balance" column. Some coins take longer than others to mature. For example, NovaCoin takes three days.

from http://middlecoin2.s3-website-us-west-2.amazonaws.com/faq.html

You'll more-or-less receive the unexchanged & immature amount, though since they aren't cashed out, it's possible it'll change a bit. In my experience, they've never deviated much from what's stated. (which is a bit suspicious since we're all in tin-foil mode Wink )

Thanks!
Hummm...
Let me see if i understand...

The green bar are the possibile mined coins that still need to be verified by the network? When they are validated they go to the blue bar?
In the blue bar what happens? They wait until they are selled and converted to btc? how this correlates to the payout in the red line?

From what i understand the red bar is a reflex of yesterday blue bar? Its correct?

Best Regards,

LPC
You have it right.

The workflow looks like:
Coins mined -> (green) Coins "age" to ensure they're considered valid by the network and so transaction fees are minimal -> (blue) Coins sit in h2o-controlled wallets waiting for an opportunity to sell at a "good" price (as determined by h2o) -> (red) When there's a "good" sell opportunity, the altcoins are sold for bitcoins and is converted to "balance" which is paid at the next payout time.

With some coins, there is no need for them to age and coins are immediately converted to BTC and credited as a balance, but it changes based on which coins are being mined and the particular exchange h2o is using.

I seee! Smiley

Thanks for the explanation, im really clarified now!
So what is the information that i need to keep paying attention? the blue bar?

Best Regards,

LPC
full member
Activity: 168
Merit: 100
The address 1xowiTAdUeux71ExGmSW6qK5FPrGDa3Mp is a transaction "refund".

Isnt this H20 explaining what the BTC is???

It's definitely not a valid explanation on why he took 90 bitcoins and transferred them somewhere instead of using them to pay the pool!

Payouts were extremely low that day too.

It's not hard to see that he is skimming profits, there's multiple ways he could do that.

You mean, its not hard to see how he could skim, not that you have any proof he is actually skimming.
donator
Activity: 1218
Merit: 1015
^I honestly have no idea how it works. I've been in queue for what seems like forever.

Hi!
Thanks for the explanation...
But what that really means in pratic terms? The Light Blue bar is what i will still recieve? What am i really getting payout?
The green light bar is imature coin? What is that? Some coin i just mined but its still too low valued?

Sorry but its my first time with so much data to analyse and correlate!

Thanks!

LPC
What is the unexchanged balance?

This is your balance of coins other than bitcoins. My auto-exchanger will convert them into bitcoins, usually within a day. Some coins take a while to reach "trade maturity" to where you can send them without paying a fee. These coins will take longer to be converted into bitcoins.

What is the immature unexchanged balance?

This is your balance obtained from blocks that have not yet reached maturity, and are therefore possible orphans. After a designated number of blocks, you will be credited these coins, and they will go under your "unexchanged balance" column. Some coins take longer than others to mature. For example, NovaCoin takes three days.

from http://middlecoin2.s3-website-us-west-2.amazonaws.com/faq.html

You'll more-or-less receive the unexchanged & immature amount, though since they aren't cashed out, it's possible it'll change a bit. In my experience, they've never deviated much from what's stated. (which is a bit suspicious since we're all in tin-foil mode Wink )

Thanks!
Hummm...
Let me see if i understand...

The green bar are the possibile mined coins that still need to be verified by the network? When they are validated they go to the blue bar?
In the blue bar what happens? They wait until they are selled and converted to btc? how this correlates to the payout in the red line?

From what i understand the red bar is a reflex of yesterday blue bar? Its correct?

Best Regards,

LPC
You have it right.

The workflow looks like:
Coins mined -> (green) Coins "age" to ensure they're considered valid by the network and so transaction fees are minimal -> (blue) Coins sit in h2o-controlled wallets waiting for an opportunity to sell at a "good" price (as determined by h2o) -> (red) When there's a "good" sell opportunity, the altcoins are sold for bitcoins and is converted to "balance" which is paid at the next payout time.

With some coins, there is no need for them to age and coins are immediately converted to BTC and credited as a balance, but it changes based on which coins are being mined and the particular exchange h2o is using.
full member
Activity: 129
Merit: 100
The address 1xowiTAdUeux71ExGmSW6qK5FPrGDa3Mp is a transaction "refund".

Isnt this H20 explaining what the BTC is???

It's definitely not a valid explanation on why he took 90 bitcoins and transferred them somewhere instead of using them to pay the pool!

Payouts were extremely low that day too.

It's not hard to see that he is skimming profits, there's multiple ways he could do that.

Hi!
I really think this should be explained to the miners that use the Owners Pool.
I gladly pay the 3.4% or even 5% for his good service on this pool, but there must be no doubts for the owners part...

It should explain this situation...
For me the better would be... he shown the grand total of the money made on that day and show his "cut" before payments.
And then the link where the cut went...

All this market is based in confidence, if the miners start to doubt the owner intentions, all will go downhill...

This is my 0.00000002 btc on this matter!

Best Regards,

LPC











full member
Activity: 129
Merit: 100
^I honestly have no idea how it works. I've been in queue for what seems like forever.

Hi!
Thanks for the explanation...
But what that really means in pratic terms? The Light Blue bar is what i will still recieve? What am i really getting payout?
The green light bar is imature coin? What is that? Some coin i just mined but its still too low valued?

Sorry but its my first time with so much data to analyse and correlate!

Thanks!

LPC
What is the unexchanged balance?

This is your balance of coins other than bitcoins. My auto-exchanger will convert them into bitcoins, usually within a day. Some coins take a while to reach "trade maturity" to where you can send them without paying a fee. These coins will take longer to be converted into bitcoins.

What is the immature unexchanged balance?

This is your balance obtained from blocks that have not yet reached maturity, and are therefore possible orphans. After a designated number of blocks, you will be credited these coins, and they will go under your "unexchanged balance" column. Some coins take longer than others to mature. For example, NovaCoin takes three days.

from http://middlecoin2.s3-website-us-west-2.amazonaws.com/faq.html

You'll more-or-less receive the unexchanged & immature amount, though since they aren't cashed out, it's possible it'll change a bit. In my experience, they've never deviated much from what's stated. (which is a bit suspicious since we're all in tin-foil mode Wink )

Thanks!
Hummm...
Let me see if i understand...

The green bar are the possibile mined coins that still need to be verified by the network? When they are validated they go to the blue bar?
In the blue bar what happens? They wait until they are selled and converted to btc? how this correlates to the payout in the red line?

From what i understand the red bar is a reflex of yesterday blue bar? Its correct?

Best Regards,

LPC



newbie
Activity: 22
Merit: 0
^I honestly have no idea how it works. I've been in queue for what seems like forever.

Hi!
Thanks for the explanation...
But what that really means in pratic terms? The Light Blue bar is what i will still recieve? What am i really getting payout?
The green light bar is imature coin? What is that? Some coin i just mined but its still too low valued?

Sorry but its my first time with so much data to analyse and correlate!

Thanks!

LPC
What is the unexchanged balance?

This is your balance of coins other than bitcoins. My auto-exchanger will convert them into bitcoins, usually within a day. Some coins take a while to reach "trade maturity" to where you can send them without paying a fee. These coins will take longer to be converted into bitcoins.

What is the immature unexchanged balance?

This is your balance obtained from blocks that have not yet reached maturity, and are therefore possible orphans. After a designated number of blocks, you will be credited these coins, and they will go under your "unexchanged balance" column. Some coins take longer than others to mature. For example, NovaCoin takes three days.

from http://middlecoin2.s3-website-us-west-2.amazonaws.com/faq.html

You'll more-or-less receive the unexchanged & immature amount, though since they aren't cashed out, it's possible it'll change a bit. In my experience, they've never deviated much from what's stated. (which is a bit suspicious since we're all in tin-foil mode Wink )
Link to FAQ should really be at the top, it's too easy to damn miss at bottom after those hundreds of adresses with balances.

Better clarification of what that "refund" transaction really was would be really appreciated too.
full member
Activity: 168
Merit: 100
The address 1xowiTAdUeux71ExGmSW6qK5FPrGDa3Mp is a transaction "refund".

Isnt this H20 explaining what the BTC is???
donator
Activity: 1218
Merit: 1015
^I honestly have no idea how it works. I've been in queue for what seems like forever.

Hi!
Thanks for the explanation...
But what that really means in pratic terms? The Light Blue bar is what i will still recieve? What am i really getting payout?
The green light bar is imature coin? What is that? Some coin i just mined but its still too low valued?

Sorry but its my first time with so much data to analyse and correlate!

Thanks!

LPC
What is the unexchanged balance?

This is your balance of coins other than bitcoins. My auto-exchanger will convert them into bitcoins, usually within a day. Some coins take a while to reach "trade maturity" to where you can send them without paying a fee. These coins will take longer to be converted into bitcoins.

What is the immature unexchanged balance?

This is your balance obtained from blocks that have not yet reached maturity, and are therefore possible orphans. After a designated number of blocks, you will be credited these coins, and they will go under your "unexchanged balance" column. Some coins take longer than others to mature. For example, NovaCoin takes three days.

from http://middlecoin2.s3-website-us-west-2.amazonaws.com/faq.html

You'll more-or-less receive the unexchanged & immature amount, though since they aren't cashed out, it's possible it'll change a bit. In my experience, they've never deviated much from what's stated. (which is a bit suspicious since we're all in tin-foil mode Wink )
sr. member
Activity: 457
Merit: 273
anyone knows alternatives to middlecoin?
hashcows (registration disabled) and
multipool (high stale shares cause of own P2Pool-script as far as i understood) already known
Coinwarz has a pool, but you'll be dead by the time you make it to the front of the registration queue.

But as far as I know the only ones with auto-trade to BTC are middlecoin and hashcows, isn't that right?
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