Topic: [ANN][POOL] ipoMiner - Profitable multipool targeting new coins + merged mining! - page 48. (Read 366235 times)

Thanks for the response. It's fair enough.

The price on VOOT has collapsed again, so we're off of it for the time being. We'll continue monitoring the situation of course, and any alternate suggestions for coins to mine are always welcome. I still haven't seen a lot of promising other options today though yet..

UPDATE: We added LeagueCoin on the X11 multiport.

Thank you, sounds good.

The short story with VOOT, from what I've seen, is that they had a squabble among their team. Their lead developer dumped the premine and ran off. The price hit rock bottom, and a couple of well known people on bitcointalk stepped in to takeover the coin's development. They put up a new announcement thread at https://bitcointalk.org/index.php?topic=639371.new#new

The current price and strong potential for it to increase make it worth mining for now.. we'll be regularly evaluating the situation and can change coins at any time if things start to look bad with it again.

And now the price goes back up up up haha.
Not panic dumping may pay off.

New popular dev picked it back up.

Back on Voot ?
What's the story?

Yes, we're very similar to Multipool.us, we're partners with them actually. The main difference is that we do research and analysis on new coins, and mine the ones that we feel will be the most profitable at the time of selling. The tricky part with Multipool.us is that they auto-switch based on current profitability, which isn't necessarily the profit at the time of selling.

We try to pick ones that are profitable to mine currently but have a high potential to see a big increase, basically.

ok thx.
sort of similar to multipool, biggest complaint I had was mining less profitable coins, and being stuck with them.

Exactly. We don't auto-convert to BTC, cad_cdn.

am I missing something, why no BTC payout address?
no BTC auto-convert option?

Exactly what i think for POS...

It looks like VOOT is back on! They've gotten rid of the "scam developer" and have gotten MsCollec, a well known person on bitcointalk to take the reigns. We'll give it a shot on the X11 port again. New thread at https://bitcointalk.org/index.php?topic=639057.new#new

Well VOOT was aptly named..   Voot Da Fuk Devs, that guy didn't want to share his toys as a child either, lols! Have you thought about X13 implementation? There are some interesting coins there so far, interesting as far as the value didnt die from pump dumpers or the devs selling their IPO's after launch.. Hilarious! Its been an dubious past couple of months. SYNC & MAST by far my Favs but such a limited POW stage blows. It's been mostly downhillcoins since EmptyGox allowed the general community to realize the 'minecrocoinsm' that's been running relatively like an oiled machine for years under their noses. Now every noob thinks they can be rich in a few weeks launching their own coin. Sigh.. You didn't think it would be that easy did you?.. For a second there.. They kinda still do!! Also I have no pity for people who rent rigs for a new coin only to have it fail at launch or never hit an exchange from lack of community interest or Dev team competency. Meanwhile 3 other coins their not paying attention to get ninja launched. Don't gamble like that, point that hashrate at something that has an actual discovered market price with established value & daily trading volume. Also as far as exchanges go, don't get too attached to one exchange, having at least 2 or 3 open at once for a comparison speaks volumes. When people are buying up a coin you can usually see why on another exchange.

Mining DRK is alright but at ~4Gh we really cant compete with the bigger dark pools can we? I made more profit buying it while noobs were panicking and it was cheap .013 after the Masternodes test forked things up a bit. Because it was DRK and the community didn't want it to stay below .02 btc it came back within a week. & sold at .02166666. Holding it was a no brainer. Cant say that for most coins.

I've become anti Proof of Stake, as it appears anyone who holds coins seem to find themselves with just a lot more of a coin that is pretty much worthless when they go to exchange it. POS seems designed to leave a higher % holding the bag while the people who sell treating it like any other new coin just move onto the next one. Also limited POW in weeks or few months show the Devs are only trying to make a quick buck and have no idea what it takes to run even a semi-successful coin. Whatever the meme is.. if the community isn't interested in another junky coin, it will die like the rest usually within days or weeks. Tons of failed launches yes, but that'll happen when a dozen new coins are being launched by noobs every week. A sticky on how to properly launch a coin would be an asset & raise the bar.

I have a tip of sorts for anyone interested, MYRiadcoin but not the SHA-256 or Scrypt algo's, the diff on those got killed early on by ASIC's but there's still profit to be made with GPU's using myriad-groestl or Skein. MYR - https://bitcointalksearch.org/topic/annxmy-myriad-multi-algo-fair-secure-483515 When choosing a pool its a good idea to ping it for latency/distance to you in a cmd window, just the stratum not including port. Under 30-50 is good, 100+ will be on another continent.

May want to think that. Rest of devs are offering to pay back the 10 BTC that was ripped off:

https://bitcointalksearch.org/topic/vootcoin-is-not-a-scam-639057

Stinks VOOT failed, but that's the risk of new coins.
Those who managed to sell back when it was 500 satoshi though, probably happy.  I held too long but was a tiny investment.

ipoMiner does not auto-exchange coins, and the price of new coins tend to fluctuate dramatically based on when you sell them. We do show the BTC/Mh/day profitability at the time of mining, which is displayed in the header on the site.

VOOT is already off the multiport, and it isn't available on a direct port. There's no "wasting hashpower" on it at the moment.

please delete VOOT tho as its dead and we are wastign hashpower.

Any suggestion from us won't likely help.. crypto is decentralized and tends to favor those who like remaining anonymous. Your idea is a nice thought, but won't likely catch on. Keep in mind that scams happen every day in the real world too. New coins will always be more of a risk than established ones, but that's why increased profits are possible. If we only mined coins with prominent, publicly known development teams and a full marketing budget, and corporate support, we would never make more than the cost of electricity, because everyone in the world would be mining the same coin. Differentiation in the market is a good thing.. it is the driving force behind competition.

Voot thread is closed. Most of the new coins have a lot of problems, such as failed launch, delayed launch, dev dumping, etc. I think it's better that dev uses his/her original name on the OP and lists the coin devs there. What's your suggestion to help this issue?