Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 46. (Read 829908 times)

Couldn't agree more BC, and I think you are spot on even if that spot is as of yet an undefined grey area. Huge potential for returns here (if you have any faith in the general concept/utility of crypto)

Sure there is risk involved but being a 'resource' close to this space might be one of the better ways to get in on some of the innovation that is just flooding this nascent sector, much of it happening in micro cap, I wouldn't think massive amounts of capitol are whats needed.

MC has paid out what 9m $ in btc since its inception 7 months ago?

Would I have a problem with 5-10% of my payout being spread amongst upstart Merchant services like Coinbase or hardware companies like KNCminer and any number of the ATM companies or exchanges like Cryptsy or development services like stress testing verticoin? Nope.

Admittedly I know nothing of the registration requirements for traditional VC investors and participants, let alone the hybrid this would represent. Besides just because you are an early adopter or innovator doesn't mean you will see any dividends. Just ask Laszlo or H20  


-Edit- I've been asking waiting and hoping H20 would implement some kind of hash allocation algorithm for several months. Here's a coinspiracy : Maybe H20 has done just that. Altcoinplex is the next stop after the CM test. Should be interesting, maybe they will have a few more coins in a day or 3. Thanks to whoever mentioned it.

Picking the wrong coin would simply be that - picking the wrong coin. People would have the choice to be wrong, same as any other investment opportunity. A restricted number of coins would be offered and perhaps added/removed via community voting? It's a legitimate concern; however, I think it could be solved if properly designed. How exactly? I'm not entirely sure but if I did solve the problem, I would find myself in midst of developing what I want

If the switching engine was designed in a similar fashion as altcoinplex (and I'm speculating here, they're brand new), then it would simply be a matter of dynamically distributing the power based on user-selectable criteria. The criteria could be min/max shares found, simple time-based allocation, or even coin price thresholds.

I don't see support being a issue given proper development attention. The pool would be designed to behave this way. There are definitely technical challenges to overcome, but it sounds fun

That is a neat idea but the problem would be if you pick some coin combo the majority want nothing to do with and your hashing power and a few others might not be enough to find blocks reliably. For example you add litecoin for some reason and there is only 20 mhash/sec total mining it.. No block for a long time. Extreme example.

Any ideas on how to overcome that without creating a support nightmare? That is why i question alt coin pools that allow you to mine specfic coins while everyone else is mining something else. The many pools for each coin would all have to have considerable hashing power for their diff of the coin to work so people are happy. Otherwise long droughts.

Been wondering that myself. I've got 2 accounts totally just over .012 going on 2 weeks now. Was going to PM him if nothing happens this week.

What happened to the little weekly payout, 0.001.
Does that still go out

TTFN   

Yep, very basic but they are working on better stats - don't know what that means until it's out. I like the idea of allocating a percentage to each coin as opposed to coin switching all day long.

Close to what I'd like to see. Now, if I was in control of the coin choices as well as being able to allocate a percentage of work (hast/time/etc) across these choices, we'd have the ultimate multi-pool.

i earned more in 16 hours at another site than 26 here.  waiting until h2o fixes whatever is going on.  compared BTC/1mhs on several sites over the last week and the low payouts here can't be due to weak altcoins in general as that trend wasn't seen on other sites. 

here you go
https://bitcointalk.org/index.php?topic=433634.860

Seems a little too MC clonish compared to WaffleHouse and CleverBros.. Way limited list of alts mined as well.. We want the newbies to be ultra nimble and act like PI's hunting down coins with good concepts and promotion ideas. For all I care they could scrape the top three rank sites and strictly mine those and trade a small portion by hand to time pumps. Anywho lets hope MC can get back its momentum..

Wafflepool seems AWWESOME.. ALL HASH RATE POINTED THERE NOW.

Where is the Wafflepool thread like this , I must joined my bros n sis's

Multipools organically involve mining and trading.. Having someone in charge who creatively makes more than what simple autosell scrypts do is an asset. Its too bad that MC H20 hasn't devloped his front end and communications to match his backroom dealings. The secret nature of MC is what kept many here; however being too secret when the house of cards is falling is either cocky or naive when Kilotons are leaving in droves. Who knows, the weight of that amount of hash power may be more of a hinderance than a benefit to the long term pool survival? This could all be planned for all we know. 

My other ideas are more launch point thoughts into where I see mining evolving into.. Imagine two rigs... One that pays the bills, and the other focused on only coin ipo's, alt-trains, and coin business investments. Both serve a purpose and have different return upsides.

BC Out!

Private coin trades are all fine and dandy but you are basically wanting someone to speculate with your money?
Two of the things you mentioned sound like investing with no short term gain and the other.. Riding alt trains does not make sense unless you mean hold the coins and see what happens (speculate again).

Might as well have the admin send it to satoshi dice once a day to see if we can double the profit or nothing...  i highly doubt users will be happy with low payouts for a month in speculation of one of your ideas will pan out three months from now. They will all leave.

care to share? PMd you

Keep an eye out for altcoinplex.com.
Currently alpha, but it's rather unique compared to other multi-pools. I just noticed them today and moved 1.5Mh over - see what payout is like tomorrow. It's a bit like mining in the dark right now.

My 7MH has regretfully moved along to the Clever/Wafflehouse for now... MC H20 has a nice position in this game, but seems to be content with letting the castle crumble under the weight of supporting Kilotons of hash..

Like any money manager, past performance is no guarantee of future returns..

Lets hope someone else can take what made MC great (secret backdoor trades, jumping Doge during high reward rounds, etc) and build out a place where it isn't all mine > autotrade > BTC, aka the rest.

We need a "Alt-man Brothers" type of firm where miners can allocate hashpower to fund private coin trades, coin launch IPO's, ride the alt trains, and/or fund BTC ventures... all for a simple 3.88% fee of course  . These activities are what can take simple hash power and magnify it to real returns while also building business in the field.  

BC Out!

Can somebody explain why on Middlecoin I have 4-9% rejects,
on Wafflepool - 0.4 - 1.5%  rejects ?

Amsterdam servers on both pools..

Maybe because middlecoin overloaded ?
same will be on Wafflepool  ?

Ya see, h2o's well-being supersede's their own: they mine on behalf of the pool's profitability. How very stoic, indeed!

I am getting between 0.3 and 0.7% rejects on wafflepool so far, pretty damn good so far.

Have totally switched all my rigs.

If something is wrong with him there is no reason why his friends cant post to acknowledge the issue. He depends on us just as much we depend on him for payouts. I find the whole secrecy bullshit and no communication a big fuck you to all of us.