Topic: [ANN][POOL] ipoMiner - Profitable multipool targeting new coins + merged mining! - page 29. (Read 366235 times)

Have you tried cgminer 4.3.5 beta? Once I started using this with my Asic farm, my reject rate dropped much lower and I get higher hash.

It's a gawminers black widow which is built on Zeus chips.  Like I said, not a real big deal.  I am using bfgminer right now because it seems to get a slightly better hashrate.  But it has the same problem as cgminer.  In fact it was cgminer which alerted me to the issue since it actually says that I was banned for 60 seconds.  Bfgminer acts like I have incorrect pool info and says I may have mis-entered something (forget the exact message).  They both keep retrying and they both eventually connect.  It doesn't happen 100% of the time but probably more than 80%.  I am wondering if it has anything to do with the HW error rate on these things.  It runs around 5% which I am told is about normal.

What kind of asic is it? What software are you using? If you want to hop on IRC I can probably help troubleshoot -- Freenode IRC, ##ipominer.

Not that it is a big deal but how come my scrypt asic gets banned for 60 seconds every time it first tries to connect?  It usually connects fine after that initial wait but it makes rebooting the device always cause a gap in share submissions.

PZR has less than 2 days left! Mine before we go full PoS!

We also just added LibrexCoin (LXC), a new X11 coin! It is available for mining on direct port 3620; IOC is going to stay on the X11 multiport for now. IOC currently has 3257 PoW blocks left, or roughly 2.4 days.

Thanks for your well thought out response.  Please understand I'm not trying to troll here...I do respect you and your pool.  I guess I'm just frustrated with the current state of crypto and find this launch particularly offensive, because they're acting like their 1% premine is small, when in reality they have already premined the equivalent of 11 days worth of mining, and the bounties they are offering are such a small percentage of it.  But hey, if you're going to run a pool mining the newest coins, what is there to mine lately but scams?  I'm sure this coin will make some who are mining it a nice profit, just like Conceal did for me.  Good luck to those who choose to mine it, and I hope you get out at the right time, but I'm sitting this one out.

Perhaps that's where the confusion is at: our intention has never been to advise or support a long-term investment strategy into coins we select for mining. Our coin selection is, and always has been, aimed at generating more profitable short-term returns.

Some coins we mine will undoubtedly do well long-term, but it is incredibly hard to predict which ones will. It is hard enough to predict short-term successes, which we do well at, but any sort of longer-term predictions are nearly impossible in this industry.

I've been around coins for quite a while, and there have always been scams in altcoins. There is currently more attention being drawn to them because the nature of the scams are changing to be more dangerous, with several being totally hidden, wallet-based scams (USB and ELITE both were).

As far as other pools adding ONYX goes, TradeMyBit has also already added it.

But beyond all that, the only way to earn higher returns is to take risks on new coins, which has always been our strategy. We do our best to research coins, and have been either lucky or good thus far at avoiding many of the most serious scams (NJA, for example). Occasionally coins don't work out as we might all have hoped.

Many coins that do well later on do not look like the most ideal candidates at launch, interestingly. QTL is a recent example that has a similarly large premine, but the developer has not dumped it, features have been released, and it is doing well. Some of our most profitable coins have seemed like "losers" initially for one reason or another to some people.

As always, diversification is key - don't put all your hash/money into one coin for extended periods.

(And since we're discussing the "scams", let's not forget to remember a great win we're currently seeing: IOC! It is climbing nicely.. at ~4000 satoshis now. Our miners could have gotten in well under 1500 satoshis initially, even paying at the top end of rental costs at the time.)

I agree, there are not many X13 choices right now.  If all that matters is profit, then I guess taking a shot with ONYX is worth the risk, considering the lack of options.  I did very well mining CNL myself.  I'm just starting to become concerned with what supporting all of these coins is doing to alt as a whole, and I think a lot of others are as well.  I noticed that a lot of the other pools that normally jump all over the new coins are steering clear of this one.  ipoMiner has been very respected in the community, and a lot of miners (myself previously one of them) looked to what you mine as adding legitimacy to a coin and seeing it as a good one to get in on early and hold for long-term growth. 

I'll go into a longer response in a minute, but the most important thing is: do you have an alternative X13 suggestion that is likely to be more successful? Profitability on our two existing X13 coins is currently dismal (W8, XHC).

There will always be scams in altcoins. Avoiding every type of scam out there would only serve to ensure that we never make any profit, because the "least scammy" looking coins are the ones that never go anywhere in terms of mining profitability. The ultimate question for us is whether or not miners can profit from a given coin. Whether or not the four coins you listed were "scams" by their developers or not, many of our miners made very nice profits on at least half of the coins you mentioned.

As always, if you dislike a particular coin for whatever reason, there are many others you can mine - we use our best judgement of what coin to select, based on profit potential. And for reference, we've reviewed the ONYX code and haven't found any hidden or malicious wallet code.

(As a side note, we only added USB because so many of our miners asked for it - you'll note it wasn't on ipoMiner until after thousands of blocks, multiple other large pools had added it, and it was on exchanges.)

Really, ONYX?  With all the scams you've directed your multiports at in the last week and a half (CNL, VAST, ELITE, USB) do you really think it's smart to associate your name with a coin that is such an obvious premine and dump scam?

Difficulty has gone up by between 30-300%, depending on the block, but that is definitely a long stretch. I just did a short rental of 10Gh of NiceHash for about 30 minutes, and we've now gotten 3 blocks in that time.

I just recompiled the wallet with a higher max outbound connections, which may help. There's been one pool that has had the majority of the nethashrate on average and I suspect we may not be seeing their blocks fast enough from wallet peers. Blocks are going by very quickly with the PoW+PoS stage the coin is in currently.

Did the difficulty go through the roof or something?  It just doesn't seem right that I was making more than 50 of these a day up until 5.5 hours ago and now if we ever crack another block I will only get 2.3 coins.

Not sure what you mean? You didn't lose any of your existing unconfirmed/confirmed coins. You may not have gained as many new coins as expected if you were not seeing your hashrate reported as expected though.


A lot of people have had rentals on it, just seem to be expiring at the same time as it hit Bittrex and difficulty has been going up so our block finding is down as a result.

Is something up with IOC?  Seems we are on an unexpectedly long block.

EDIT: pool hashrate on IOC seems to be dropping steadily as well. At least according to the website.

Thanks
I lost some coins today before resetting?

I see you have one worker running currently on X13, saykor.miner1 which has been showing 7-8Mh over the past 15 minutes that I've checked it.

I'll reset all the X13 stratums in a moment just in case there's something buggy with one of them.

UPDATE: After resetting all the X13 stratums, I now see you with two workers at ~11Mh each.

Hey Ipo,
Can you please check your site why not show my hash. I mine with 21-22MH/s but not see to have active worker on your site.
My pc's is not stopped from 1 day and 15hr on your x13 multiport.
user as here: saykor

Thanks

Have you thought about Umbrella coin(s)
https://bitcointalksearch.org/topic/ann-umbrella-insured-cryptocurrencies-bittrex-litecoin-insurance-687265

Or just merge mining coins when possible?

PZR also got decent hashes from IPO even tho.. We are still on for 4 more days of PoW!