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Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 481. (Read 829908 times)

legendary
Activity: 1988
Merit: 1007
Ouch, that brings up a good question. Is it really worth mining NVC and selling at whatever price it is in x days? Prices fluctuate enough from hour to hour. Throw days into the mix and it just gets worse. I'm wondering if maybe we're not actually losing as a result.

As far as I know, it will fluctuate up just as much as it does down. I guess the question is how much variance is ok, for a profit increase? If NVC is 2% more profitable than the next coin, but might fluctuate 20% before it gets sold, is that ok?

Hmm, I haven't watched the prices over time. An idea, if it is fluctuating a lot but pretty much stays within two ranges (let's call them MIN and MAX) is to wait until the price is closer to MAX, then sell them off. If the price is closer to MIN, hold on.

I'm not sure how feasible that is with your selling script, though. If the range between MIN and MAX is constantly changing (ex. there are massive swings happening on the coin still), I think that'd be a new thing to evaluate.

And if the MIN->MAX differences are pretty small, just roll as it is because the loss shouldn't be too big.
legendary
Activity: 2548
Merit: 1054
CPU Web Mining 🕸️ on webmining.io
Port 8080 is now open, for people behind restrictive firewalls. It does the same thing as port 3333.

Also, I disabled the coin that switches after like 30 seconds of mining it (SPT). I didn't realize it was disconnecting people.

That's because it's not worth it for you guys to hop on Spots. You only get a block or two then get bounced back out when it retargets
full member
Activity: 238
Merit: 119
Ouch, that brings up a good question. Is it really worth mining NVC and selling at whatever price it is in x days? Prices fluctuate enough from hour to hour. Throw days into the mix and it just gets worse. I'm wondering if maybe we're not actually losing as a result.

As far as I know, it will fluctuate up just as much as it does down. I guess the question is how much variance is ok, for a profit increase? If NVC is 2% more profitable than the next coin, but might fluctuate 20% before it gets sold, is that ok?
legendary
Activity: 1988
Merit: 1007
Thanks H20..   It looks like another subpar payout today...All be it not as bad as yesterday..  Why is my mmature Unexchanged Balance (estimated BTC) so High?

Because we have a bunch of NVC blocks that will mature on tuesday, I believe.

Ouch, that brings up a good question. Is it really worth mining NVC and selling at whatever price it is in x days? Prices fluctuate enough from hour to hour. Throw days into the mix and it just gets worse. I'm wondering if maybe we're not actually losing as a result.
full member
Activity: 196
Merit: 100
Thanks H20..   It looks like another subpar payout today...All be it not as bad as yesterday..  Why is my mmature Unexchanged Balance (estimated BTC) so High?

Because we have a bunch of NVC blocks that will mature on tuesday, I believe.

Ahhhh ok...   


  Thanks!
full member
Activity: 238
Merit: 119
Thanks H20..   It looks like another subpar payout today...All be it not as bad as yesterday..  Why is my mmature Unexchanged Balance (estimated BTC) so High?

Because we have a bunch of NVC blocks that will mature on tuesday, I believe.
full member
Activity: 196
Merit: 100
Thanks H20..   It looks like another subpar payout today...All be it not as bad as yesterday..  Why is my mature Unexchanged Balance (estimated BTC) so High?
full member
Activity: 238
Merit: 119
Port 8080 is now open, for people behind restrictive firewalls. It does the same thing as port 3333.

Also, I disabled the coin that switches after like 30 seconds of mining it (SPT). I didn't realize it was disconnecting people.
newbie
Activity: 47
Merit: 0
I did notice frequent switching and my miner sat idle afterwards for 10 minutes until cgwatcher restarted it.

legendary
Activity: 1988
Merit: 1007
...and now
[2013-08-18 20:52:17] Network diff set to 59.8M

 What coin is diff 59.8 million?!?  Anybody?

Take care


That one is Litecoin.

And the 21.2M one you linked earlier is Novacoin.
legendary
Activity: 3808
Merit: 7912
Something doesn't look right here

2013-08-18 09:29:31] Accepted 70aa8da1 Diff 2.02K/512 GPU 1
[2013-08-18 09:30:07] Accepted edc9a467 Diff 546/512 GPU 0
[2013-08-18 09:30:34] Accepted 9ea2b04a Diff 1.16K/512 GPU 0
[2013-08-18 09:30:44] Stratum connection to pool 0 interrupted
[2013-08-18 09:30:44] Pool 0 stratum share submission failure
[2013-08-18 09:30:49] Network diff set to 42K
[2013-08-18 09:30:49] Pool 0 communication resumed, submitting work
[2013-08-18 09:30:49] Rejected d37718e0 Diff 663/512 GPU 0  (Job '20a9' not fou
d)
[2013-08-18 09:30:49] Stratum from pool 0 requested work restart
[2013-08-18 09:30:51] Stratum from pool 0 detected new block
[2013-08-18 09:31:11] Network diff set to 168K
[2013-08-18 09:31:11] Stratum from pool 0 detected new block
[2013-08-18 09:31:11] Stratum connection to pool 0 interrupted
[2013-08-18 09:31:21] Network diff set to 21.2M
[2013-08-18 09:32:17] Accepted a89dcafb Diff 783/512 GPU 1
[2013-08-18 09:32:58] Accepted b01d5de4 Diff 4.18K/512 GPU 0


 Looks like I was mining along with network diff @ 21M (weird number) for a while then we start mining something else for 30 seconds then switch to another coin for 10 seconds and then back to network diff 21M which is a strange value since there is no altcoin at that level other than Namecoin which is not a scrypt-based currency anyway.  Thirty seconds? Ten seconds? 21M?? Is this a programming issue or is that a realistic time to mine with the middlecoin pool?

Thanks
Take care


 ...and now
[2013-08-18 20:52:17] Network diff set to 59.8M

 What coin is diff 59.8 million?!?  Anybody?

Take care
legendary
Activity: 1153
Merit: 1000
Does anyone know of a method to see the network hash rate history of many of the alternate coins in one place? I'm curious to see what the effect is from the multi-coin pools on some of the smaller coins.
There's this:
http://cryptometer.org/
Only some coins there, but you can click "All Days" and see all the history. Although, some of them seem to be outdated... some of them are up to date.

Thanks for the link, this helps.
full member
Activity: 212
Merit: 100
I have tried to mine on this pool, but every time after a random amount of time my cgminer just stop to hash and just hang indefinetely,
anyone having this same issue? how can i solve this?

thank you

I have the same problem. It would say stratum connection is interrupted.

I use CGMiner https://bitcointalksearch.org/topic/cgwatcher-140-a-guimonitor-for-cgminer-bfgminer-to-help-minimize-downtime-159267
to restart cgminer if the accept share does not change for 1min.
You mean cgwatcher I guess
hero member
Activity: 896
Merit: 1000
I have tried to mine on this pool, but every time after a random amount of time my cgminer just stop to hash and just hang indefinetely,
anyone having this same issue? how can i solve this?

thank you

I have the same problem. It would say stratum connection is interrupted.

I use CGMiner https://bitcointalksearch.org/topic/cgwatcher-140-a-guimonitor-for-cgminer-bfgminer-to-help-minimize-downtime-159267
to restart cgminer if the accept share does not change for 1min.
newbie
Activity: 20
Merit: 0
I have tried to mine on this pool, but every time after a random amount of time my cgminer just stop to hash and just hang indefinetely,
anyone having this same issue? how can i solve this?

thank you
member
Activity: 91
Merit: 10
full member
Activity: 167
Merit: 100
dadach: I even have my CPUs mining, just for added hashrate.  There are always more chances to find a block when you have a higher hashrate.
ok so in the end, it doesnt matter when cpu take forever to record one share?

I wouldn't recommend using only a CPU to mine, as it will take forever to get a payout.  Also, do it only on computers that you really leave on even before you started mining.
sr. member
Activity: 294
Merit: 250
dadach: I even have my CPUs mining, just for added hashrate.  There are always more chances to find a block when you have a higher hashrate.
ok so in the end, it doesnt matter when cpu take forever to record one share?

what if a block is found on the network, or middlecoin is switching coin?
full member
Activity: 167
Merit: 100
Novacoin may worth nothing when it actually gets traded.

If it always has lower value when it matures for exchanging to BTC, a workaround would be to trade it only at the moment it becomes profitable again to mine.  That is, if there's a chance that it will again be worth something in the future.
sr. member
Activity: 365
Merit: 250
dadach: I even have my CPUs mining, just for added hashrate.  There are always more chances to find a block when you have a higher hashrate.
ok so in the end, it doesnt matter when cpu take forever to record one share?
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