Topic: [ANN][POOL] ipoMiner - Profitable multipool targeting new coins + merged mining! - page 117. (Read 366289 times)

We will definitely add other algorithms in the future as we grow. Currently mining software like cgminer, bfgminer, and cudaminer do not work that way, so they would need to support multiple algorithms and switching between them in order for a pool to be able to function that way. In the near term, the more likely thing is that we will have separate multiports for each algorithm type.

Thanks, I'm doing the same actually

I have another suggestion. I believe that in the forseeable future it will become pointless to mine scrypt with GPUs.
People suggest that Scrypt-Jane, Scrypt-N etc will be the next thing to do with GPUs.

So it would be great to see a multipool adding these algos. I know it's not straitforward, but there are like 5 or 6
serious algos, so one could have a port for each algo, and the workers have one instance of the mining program running
for each algo. If a coin with, say, Scrypt-N, is the most profitable at a given time, the multipool could put all
other ports in an idle mode and on the worker side only the cgminer-instance hanging on the Scrypt-N port is hashing.

No idea if this would work well, but soon a lot of people will need a new use for their GPUs..

@wasamata It is hard to make a direct comparison, as earnings heavily depend on when you sell, but anyone that sold shortly after mining coins today could have very easily outperformed CleverMining's 0.00526 btc per MH today. Many of our miners on IRC were talking about renting rigs in the past 24 hours, at 0.006-0.0065 btc/mh/day, and were still making a profit on that.

We don't generally mine coins that aren't on any exchanges unless they look like they will be extremely popular -- EFL was only recently added to bittrex, and it wasn't impressive at launch. I've been watching it since launch though, and we may end up mining it. Also, note the limited volume of buys that are on bittrex for it currently. At our current hashrate, we generate around 5-7 btc/day of mined coins. If 50% are sold, that's 2.5-3.5 btc worth of buy support in EFL that would be needed. If that much was sold currently it would drop the price below 2000 satoshis on bittrex.

No trollbox, but we are on IRC at Freenode ##ipominer - come join us there.

Personally, I sell portions of my mined coins regularly. I will hold some if it looks like prices will rise, but in general prices are extremely volatile so I like to lock in profits when I can.

That would be great.

btw: Does anyone want to share what he is doing with the ecc and btcs so far? Are you guys
selling immediately or holding or doing 50/50 or sth?

Higher earnings are due speculation.. They are mining ecc because of probable increase in price.

for op.

How come you missed EFL launch? I've been mining it for 0.03btc/mh/day.. Althou now it's too late since diff is too high
I wish there was trollbox or something so we could give you heads up

So we still at about same earnings as clever so not bad but not earth shattering meh.
Hope it improves.

BTCS is actually a bit unique among the coins that we typically mine, in that it has been around for months, but has only recently begun to spike in popularity/price. That means there are a fair number of people who already have mined a decent amount of it and are there to sell when it hits a new exchange. But, the opportunity was definitely worth taking to mine it overnight as the btc/mh/day had grown quite profitable, and with the additional benefit of being at the top of the MintPal voting list for listing today.

We didn't see the jump in price when it began trading on MintPal that I had hoped we would see, but it was still more profitable to mine it at prices of 0.0008+ than any other multipool generated today.

If you look at BTCS prices prior to Wednesday, they were under 0.0001, so even 0.00065 is a huge jump from that. It isn't necessarily surprising that these prices aren't sustainable. When we started mining it, it was at around 0.0007 and climbed to as high as 0.0017. Coin markets can be very volatile, especially on some of these coins that we mine.. but, that's often why we're mining them instead of more predictable/"stable" coins like Litecoin. Opportunities to sell at high prices on some of these coins can be short lived, unfortunately. We try to be as responsive as possible to that volatility on the mining end though, changing coins whenever necessary to try to get better than average returns.

very normal, just look at some historical charts. price will rebound, if the coin isn't complete garbage.

BTCS is not having a good day, its down from 0.0012 to 0.00065 (half!) since it got listed. And no I'm not like "how dare you not be able to predict the future", I'm just looking for some wisdom, is that normal for coins to take such a dive after getting listed on a big exchange? Or was this a miss, and all part of the risk we're taking mining new coins? I went into this pool with the mindset that this is the riskier option, so I'm not mad at all, just looking to see what other more experienced people here think.

Not only easier on the database, but more efficient for most miners too. Most people won't set their difficulty to the optimal level. It can make a big difference, especially with multipools where you would need to figure in the tcp connection timeouts for the proxy in front of the pool servers, coin switching times, etc.

vardiff makes things much easier on the database.  Custom diff is actually a feature I wish I hadn't implemented.

We are switching between BTCS and ECC when the difficulty for BTCS blocks jumps up. Those graphs show your hashrate on a per coin basis That's your hashrate for ECC-only.

Any issue with stats reporting? Ive got 2 computers, 1 doing about 730Kh/s and the other 400Kh/s, both have been running stable and fine 24/7, but my graph on the site is showing
http://s12.postimg.org/tqxw3gddp/chart.jpg

Reported stats are bouncing around like crazy

The database server upgrade has been completed, site response times should be improved now.

As most of you have probably noticed, the site's page loads have gotten a little slow as the amount of miners has grown dramatically over the past few days. I'm going to upgrade the database server -- expect to see around 1-2 minutes of downtime.

@nightengale On demand/requested payouts are processed every minute. There was an issue with the processing of BTCS payouts for a few hours, but that has been resolved now. We posted this as a news update on the site:

There was a typo in the BTCS wallet authentication code for payouts today which prevented BTCS payouts from being sent out for a few hours. We apologize for any inconvenience -- BTCS payouts are now functioning normally. All existing "Cash Out" requests were immediately processed after the error was fixed.

@reesev If you're asking why the amount of ECC you're receiving has decreased, there are two reasons:

1) We've been mining BTCS for the majority of the past 13 hours, with some small periods of mining ECC. Note that we switch to new coins as opportunities to make additional profits are available.

2) The difficulty on ECC has gone up, so the frequency/amount of coins received will decrease.

We have switched back to ECC a few times when difficulty on BTCS has hit 300-800+. The main problem with jumping on and off BTCS based on difficulty is that after the high difficulty block clears, 3-4 blocks happen very quickly and then difficulty jumps up again. This is why no new coins use this sort of 1-block difficulty retarget with long block times... it is a horrible idea, as you can see.

@roadies We use variable difficulty, which is more efficient for both you and the pool. If you're not familiar with vardiff, the way it works is to adjust your difficulty level so that your worker is submitting a certain number of shares in a given time period. Our vardiff configuration is setup so your worker should submit shares at least once every 10 seconds over every 2 minute period. If you are over or under that, difficulty will increase or decrease by one step -- steps are 16, 32, 64, 128, 256, 512. The default starting difficulty is 64, so your worker will adjust from there down to 16 or up to 512.

When does your pool switch to BTCS?

I noticed that when the difficulty becomes low, it stays low only for a couple minutes and then spikes right back up to ~500 or so.

~500 Diff is definately not worth mining. Worth minin when <~150 or so but it rarely stays at the difficulty for long.