Topic: [ANN][MULTI][VARDIFF] TradeMyBit MULTIALGO Profit Swap w/ Optional Auto-exchange - page 84. (Read 153092 times)

Good job! Any news on IFC?

Thanks for the great pool bruh!~

Added MNC/Mincoin, CSC/Casinocoin, SBC/Stablecoin (re-added now that it passed its 317k block for the re-target issue), and GME/Gamecoin

Yes, vardiff is weighted properly . When you're looking at your overall payout, are you referring to the final LTC/BTC you came out with, or some other factor? a couple nights ago we got on some really profitable streaks with a lot of coins where as yesterday/last night was scraping the barrel so to speak in finding profits.

Regarding DOGE, we're currently syncing the blockchain now and will have a doge pool up pretty soon.. how it falls in on the multi-port is yet to be decided

I am sure that this is a dumb question... but is the VARDIFF correctly weighing the more difficult shares?  It is probably circumstantial, but I increased my hash rate by 50% from yesterday, yet my overall payout was 30% less?

Also, you probably know that DOGE forked and several pools went down.  As a result, difficulty went down with it, which should put it about 1.4-1.5x LTC for profitability right now.  I just didn't know if you wanted to roll that coin into the list of options...

Thanks.

Hi bravedog,

Thanks for taking the time to reply and the great explanation into your approach, it certainly makes a lot of sense.  At present I am taking the rapid-sell type approach by setting low minimums for auto-transfer, my gut feeling is that this probably isn't the most efficient approach due to the transfer free involved each time, though my thinking is that if I hold onto the mined coin(s) too long outside of the time it has been identified as being most profitable that I may likely lose some of this value (though I guess it could go the other way and improve ).

I'm going to run things like this for a few days just to gauge how effective my quick transfer out and sell approach is, though will be putting a plan in place at the same time to likely swap to a longer-hold type approach with a twice daily (or perhaps more) view of the market for each of the coins to see the better time to transfer out and sell via Cryptsy, similar to your own.  I'm currently mining at about 2.5MH/s, though will be bumping this up to about 3.8MH/s in the next couple of days.

Thanks again, and best of luck.

I've actually reversed the idea of minimums.. I want to leave that freedom up to the individual. Instead, I changed it from instant payouts to every ~10min. This reduced the number of transactions we were sending to Cryptsy (and other exchanges) to the point where I don't feel like we're the bottleneck in any of their delays

Also, announcement -- VARDIFF is now implemented

Coin selection was the biggest factor, but exchange rates and Cryptsy's handling of coins was also a factor.  It took Cryptsy about 20 hours to post my ALF and NET deposits.  Cryptsy is extremely buggy, expensive, and I really hate it, but I like the auto-trading and selection.
In the end, I went with Coins-E for ALF (ALP),  NET, ELP, and ELC.  Cryptsy for everything else.
As for payout, I looked at total withdrawal fees.  My rule was that I didn't want withdrawal fees to exceed 0.1% of the total withdrawal in most cases. I made some exceptions (like DMD).  Also, I set a secondary rule that I need at least .005 BTC in value for each coin before I withdraw the coins.  For some coins, I set this minimum to about .015.  My thought is that you can always manually payout at the end of the day if you want, so it's okay to set the minimums to higher than you think they need to be.  Below are my minimums, but these will definitely change over time.  After all, I have only been mining here for a day.  Some of them, I have never mined, so I don't know how they will "react".  Also, I generally mine at 6-7MH/s so you may want lower or higher payouts than these depending on how fast you mine the coins.

ALF = 100
CRC =35
DMD=1
ELC=10
ELP-200
EMD=50
FRK=2
GLX=30
HBN=5
JKC=100
LOT=10000
MEM=600
NET=500
NRB=30

At the end of the day, I check statistics and see if there are any coins that I should manually cash out.

Merc said he wanted to set minimums, but since everyone has different hashing rates, I personally think that the requirement could be number of withdrawals per day.  Most of my coins will have only 1 withdrawal per day (or less), but if we mined the exact same coin all day, that coin could have up to 5 or 6 withdrawals at most.

Great pool. Putting another 2400 khs your way.

By the way, had any time looking into IFC?

Do you have any recommendations or tips on the exchanges you ended up using?  I've been sending everything to Cryptsy so far though will also do some research to see if there are some better options for particular coins. It seems to be something of a minefield when it comes to dealing with exchanges.  I recently had a bad experience with CoinEX, though luckily it all worked out in the end after much chasing.

Also, out of curiosity - what approach is everyone else taking to when to trade the coins mined here on TradeMyBit.  Are you sending them out regularly (eg: every 1 or so coins) for sale at the market rate or are you waiting to stockpile a few and then waiting for the best time to trade?

I have to say that this was one of the most fun days I have had mining so far.
Keeping track of coins, optimizing auto payouts, picking which coins to send to which exchange, etc. was a LOT of work.  However, I really enjoyed it and payout has been excellent for my first day.  Keep up the good work!

Just wanted to add my thanks for the new TradeMyBit multipool - really impressed so far.  Has a professional feel to it.

All the best with it and keep up the good work! 

Suggestion: Maybe you should consider splitting the pool into mining 3 or 4 different coins simultaneously so that you're not suddenly pointing 350 MHash/sec to a coin with a low total pool volume, that way when miners go to sell, it won't crash the price on Cryptsy.

Everyone is free to use any exchange they want, but most of our miners presently use cryptsy for the auto-sell capability that comes with it, but I definitely like Vircurex and Coins-e

You can have your coins deposited wherever you want.


I choose cryptsy (for some of the coins, others to my own wallets) because it is the exchange that actually has all the alts mined on this pool.  Then I only have to deal with one exchange.  Yes cryptsy has issues sometimes, but they are usually good about getting them fixed eventually.

I don't know if this has already been covered, but if it hasn't.  Why are you using Crapsy? It's one of the slowest, buggy exchanges out there.  Vircurex is must faster at trading than cryptsy is.  is there any possibility of using a different exchange?

Thanks for the update.  I know that Cryptsy may not post coins if the wallet client is out of date, so it was worth asking, just in case.

Cryptsy is having a lot of issues with a lot of coins at the moment.. ALF, MEM, NET, FRK and ELC that I'm aware of. I've double checked on our side to make sure the transactions are submitted and have confirmations, and they all do. I will continue to pester Cryptsy support as I have over the last few days on various coins.. I wish there was more we could do on our side, but unfortunately this rests with Cryptsy

Thanks!

Nice pool.  I have moved over from multipool to give it a shot.

xIronCrossx: Yes, you have to exchange them yourself unless of course you setup auto-sell on Cryptsy or a similar method on another exchange.

Just to confirm, we have to sell all the coins ourselves from the switching pool correct?