[ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 534.

dudeami

full member

Activity: 126

Merit: 100

Quote from: Kuroth on July 21, 2013, 08:52:13 PM

I would prefer BTC over mBTC also.

So the mBTC will go to my BTC wallet? I dont need a mBTC wallet correct?

How do I cash out or conver mBTC?

Sorry.. Never dealt with mBTC so thus my questions..

mBTC is just a way to make small amounts of BTC readable, they are both BTC still. Think meters and millimeters, same system just different units. There is actually an option in the QT client to show your BTC as milli or micro BTC.

h2odysee

full member

Activity: 238

Merit: 119

Quote from: Kuroth on July 21, 2013, 08:52:13 PM

How do I cash out or conver mBTC?

OK, the site is in BTC now, not mBTC. And you don't need to do anything to cash out. It (semi)automatically pays out once a day.

linc0ln

newbie

Activity: 20

Merit: 0

don´t change difficult nor implement vardiff now is good and prevent botnets miners to use you pool

bolasoda

newbie

Activity: 14

Merit: 0

I am pointing my rig at it now to see how it goes

hendo420

sr. member

Activity: 420

Merit: 250

I just pointed 4mh/s at your pool. I will keep it on for 24 hours then switch it back to multipool, I will check my total BTC recieved 24 hours after I stop mining.

I'm trying to get an objective idea of profitability. If you make me more than I would make at multipool you may have a permanent customer. Cheesy

Damnsammit

sr. member

Activity: 406

Merit: 250

Interesting. I will be trying this out when I can no longer mine CAP efficiently with my rig...

Kuroth

full member

Activity: 196

Merit: 100

I would prefer BTC over mBTC also.

So the mBTC will go to my BTC wallet? I dont need a mBTC wallet correct?

How do I cash out or conver mBTC?

Sorry.. Never dealt with mBTC so thus my questions..

r3animation

hero member

Activity: 756

Merit: 500

Interesting concept and I'll be sending a few hashes your way.

I would prefer BTC over mBTC also.

Kuroth

full member

Activity: 196

Merit: 100

Ok.. I am going to try it and see how it goes..

h2odysee

full member

Activity: 238

Merit: 119

Quote from: Hydroponica on July 21, 2013, 06:34:51 PM

Just saying, you may want to have a look at it, because the majority of your users, are smaller miners.

I'll do a little more research into it. One reason I don't want it is because it will increase my server load.

edit: Also, MEC mining has been fixed and is now enabled.

Hydroponica

full member

Activity: 182

Merit: 100

fml

Quote from: Hydroponica on July 21, 2013, 06:03:07 PM

Quote from: h2odysee on July 21, 2013, 05:14:02 PM

Quote from: kirk46 on July 21, 2013, 05:06:42 PM

it does because it take longer for the gpu to crunch the block... so by the time it has and a block has been found its rejected...

That's not how it works.

As soon as a new block is detected on the network, you abandon your work on the previous block. But that work wasn't wasted because if you found a share you submitted it.

Take the extreme example that the share difficulty is equal to the network difficulty. You will only find a share when it's an actual block. It would be equivalent to solo-mining. It's not less profitable, just more variable.

I think what he means man, is people with slower cards, may not get shares submitted for coins with faster block times. No shares, no payout. I have had similiar issues in P2Pools. VARDIFF exists for a reason

Just saying, you may want to have a look at it, because the majority of your users, are smaller miners.

h2odysee

full member

Activity: 238

Merit: 119

Quote from: Kuroth on July 21, 2013, 05:53:34 PM

Interested in this.

So I know a lot of different things can factor into it but what amount of mBTC would someone running 1,300 average getting per day?

Right now I have been mining LTC at 1,300 and get around 30 LTC's per month..

And how does mining different coins work? I thought the "Value" you get for a coin is when you cash it out, not what its value was when you were mining it? Huh

Like Terracaoin go go up and down real fast in a given day... I guess I am not sure how this works since some Alt Coins can very in value from hour to hour..

Like with my LTC's I just wait until the are $3 US or over and then cash them out..

Trying to figure out how mining here would make me more?

I gave the figure before that I think my pool generates 52.7 mBTC per day per megahash/s. But I think that figure was too high for a few reasons:

- During my testing period, I got lucky with difficulty fluctuations
- The more altcoins my auto-exchanger has to sell at once, the lower the value.
- My pool had a significant bug.

All I can say is that it will be more profitable than mining LTC. I may have a stat soon on the site displaying the profit per hash of the last day.

Mining different coins works mostly because the difficulty of the coins goes up and down, not just the exchange rate. You're right that the "value" is when you cash out, but I usually cash out pretty soon after finding blocks.

Hydroponica

full member

Activity: 182

Merit: 100

fml

Quote from: h2odysee on July 21, 2013, 05:14:02 PM

Quote from: kirk46 on July 21, 2013, 05:06:42 PM

it does because it take longer for the gpu to crunch the block... so by the time it has and a block has been found its rejected...

That's not how it works.

As soon as a new block is detected on the network, you abandon your work on the previous block. But that work wasn't wasted because if you found a share you submitted it.

Take the extreme example that the share difficulty is equal to the network difficulty. You will only find a share when it's an actual block. It would be equivalent to solo-mining. It's not less profitable, just more variable.

I think what he means man, is people with slower cards, may not get shares submitted for coins with faster block times. No shares, no payout. I have had similiar issues in P2Pools. VARDIFF exists for a reason

Kuroth

full member

Activity: 196

Merit: 100

Interested in this.

So I know a lot of different things can factor into it but what amount of mBTC would someone running 1,300 average getting per day?

Right now I have been mining LTC at 1,300 and get around 50 LTC's per month..

And how does mining different coins work? I thought the "Value" you get for a coin is when you cash it out, not what its value was when you were mining it? Huh

Like Terracaoin can go up and down real fast in a given day... I guess I am not sure how this works since some Alt Coins can very in value from hour to hour..

Like with my LTC's I just wait until they are $3 US or over and then cash them out..

Trying to figure out how mining here would make me more?

h2odysee

full member

Activity: 238

Merit: 119

Quote from: kirk46 on July 21, 2013, 05:06:42 PM

it does because it take longer for the gpu to crunch the block... so by the time it has and a block has been found its rejected...

That's not how it works.

As soon as a new block is detected on the network, you abandon your work on the previous block. But that work wasn't wasted because if you found a share you submitted it.

Take the extreme example that the share difficulty is equal to the network difficulty. You will only find a share when it's an actual block. It would be equivalent to solo-mining. It's not less profitable, just more variable.

h2odysee

full member

Activity: 238

Merit: 119

Quote from: flound1129 on July 21, 2013, 10:37:42 AM

Good luck man! Multi-coin sites are going to be the way of the future, so I knew this would happen eventually. I look forward to copying your good ideas as well!

Thanks. Everyone is going to be mining at multi-pools soon, if altcoin trends continue.

And thanks for multipool.in. That was the only pool I mined at, and was how I got the idea for this pool.

kirk46

member

Activity: 91

Merit: 10

Quote from: h2odysee on July 21, 2013, 04:58:47 PM

Quote from: kirk46 on July 21, 2013, 04:54:46 PM

Quote from: h2odysee on July 21, 2013, 04:53:29 PM

No, the difficulty is not variable. It's always 512.

that is very high......

thats where peoples stales will be coming from

Having a high difficulty does not increase stales. All it does is make you submit less frequent, but higher quality, shares.

Stale shares only happen when you submit a share that my pool has already found a block for. It's dependent on ping time to my pool, but as far as I know doesn't have anything to do with the difficulty.

it does because it take longer for the gpu to crunch the block... so by the time it has and a block has been found its rejected...

512 difficulty will only be suitable for like 4 7950's

i mine with wemineltc and they have vardiff and my 7970 and 7950 stays around 166 difficulty, and 3 7950's is 366.

so with anyone using a single card or a slow card will suffer big time

h2odysee

full member

Activity: 238

Merit: 119

Quote from: kirk46 on July 21, 2013, 04:54:46 PM

Quote from: h2odysee on July 21, 2013, 04:53:29 PM

No, the difficulty is not variable. It's always 512.

that is very high......

thats where peoples stales will be coming from

Having a high difficulty does not increase stales. All it does is make you submit less frequent, but higher quality, shares.

Stale shares only happen when you submit a share that my pool has already found a block for. It's dependent on ping time to my pool, but as far as I know doesn't have anything to do with the difficulty.

kirk46

member

Activity: 91

Merit: 10

Quote from: h2odysee on July 21, 2013, 04:53:29 PM

Quote from: kirk46 on July 21, 2013, 04:52:36 PM

just put 1600Kh/s rig on here....

do you have VARDIFF?

as its set the difficulty at 512?

No, the difficulty is not variable. It's always 512.

that is very high......

thats where peoples stales/rejects will be coming from

h2odysee

full member

Activity: 238

Merit: 119

Quote from: kirk46 on July 21, 2013, 04:52:36 PM

just put 1600Kh/s rig on here....

do you have VARDIFF?

as its set the difficulty at 512?

No, the difficulty is not variable. It's always 512.

Topic: [ANN] profit switching auto-exchanging pool - www.middlecoin.com - page 534. (Read 829908 times)