Topic: [ANN][POOL] ipoMiner - Profitable multipool targeting new coins + merged mining! - page 49. (Read 366235 times)

VOOT is off the multiport. I wouldn't call it dead, since the blockchain is still going and trading on it is still ongoing at Bittrex if you're holding some, but the drama between their development team certainly makes it not worth mining anymore. (Usually when I see something like that in a bitcointalk thread, it means that the developer isn't sharing the premine with the guy handling bitcointalk.)

To jimlite's point... it is extremely rare for anyone outside of the development team to be getting block #2 of any coin, even pool operators. Most coins do not provide source to pool operators ahead of time, so even the ones that are on them at launch usually are mining after block 100 because the first 100 go fast.

Unfortunately, yes. Thread was closed due to "scam by lead developer"

https://bitcointalksearch.org/topic/m.7019076

Drop Vootcoin now !!!

Coin is officially dead. We are mining it on multi for no reason now.

Thanks for sharing your thoughts with me. Interesting factor you mentioned, that ASICs press for quick ROI = quick sell of the coin. I agree. On the other hand I still like scrypt for being a memory hard function. X11 might be killed with botnets mining on CPUs. Also since scrypt ASICs are more difficult to manufacture the decentralization will be greater than in BTC.

About some of today's posts:

I received some MAST to my surprise today, so it all did get payed out.

And as far as the comment on the name IPOminer, I see your point.
An IPO generally means you get in on something before the general public.
While I would like to see IPOminer get onto new coins sooner, I know
that the pool op researches and evaluates new coins as to try and sort
out the winners from the junk (and most are junk).  Personally, I think any
new coin launch that looks reasonably good should be mined right at launch
here, if there is not a better coin to mine.  I wouldn't mind a few hours
wasted once in a while for the chance to get the easy low diff blocks
right at the start. But I see how that would involve a lot of work, a lot of
wallets that will not be used, etc.  But in the stock market, when you
get in on an IPO, it doesn't always go up, it can go down just as likely.
Lately, Dedicated seems to list and be at launch of every coin, and a lot
of them are crap. So you could always go there if you want to attempt
to get in on the first 100 blocks of every new coin, but half of them fail
to launch, screw up the launch, or you don't get a block till after the
first 200 have been instamined in 10 minutes while all the pool ops are
rushing to get it compiled and working.  Bottom line is sure, I would have
loved IPO miner to have gotten us on VOOT at block #2 instead of #160,
but in reality very few people other than devs, friends, or pool ops are
getting much of those first blocks, so I understand and appreciate the
slight delay on new coins due to the pool op doing a  little research,
vetting, and math.

I'm not IPOminer but I have no exciting new coins to distract me atm, so I share my thoughts:

ScryptASICs are going to kill Scrypt coins - where previously miners might on average have kept some coins for speculation, the pressure on new ScryptASIC owners to make their ROI will see 99% of the coins dumped straight to market. We've already seen how relatively big coins like Doge struggled to cope when auto-selling multipools mined them, I fear a downward spiral for all remaing Scrypt coins, followed by a plummet as existing "investors" run for the door.

Coin devs dont like ScryptASICs either because they reduce the potential audience for a coin - miners usually make up most of the early adopters so they want a PoW algo which gets you dedicated miners ideally, certainly not one which at best gets their coin added to a multipool's list. As you might have spotted in my signature, I'm a fan of Monero currently as pretty much anyone with a CPU can join in, and it has the "anonymity" factor which also seems to be popular.

To put things another way, what benefits does Scrypt offer a coin compared to alternative algorithms? With all the ASICs it may be able to attract a massive network hashrate, but that only protects against the 51% attack when its massive compared to the global hashrate, which wont be the case. In fact Scrypt hashpower may end up being so cheap to rent that anyone could setup a 51% attack for a few BTC on NiceHash...

Personally, I would say the the bigger issue is distinguishing the profitable junk from the unprofitable junk.. as almost all of it has been junk lately. But, some of it has still been profitable..

Yea, it figures you'd find one as soon as I make my smartass comment!   

It has been tough these days to distinguish what may be profitable from the junk, I'll give ya that...

We've added VOOT on the X11 multiport and have mentioned it to Bittrex to see if they'll add it as well. Enjoy!

@lajz99 There just haven't been many good new coin releases recently, unfortunately. We would love to see more, and have even asked for suggestions in case there are coins we've missed. (That hasn't turned up anything either.)

I don't care what it is called as long as it is making a profit for me.

It's not a reason to scrap a brand.
Coke did not change his name after they removed cocaine from their recipe.

Time to rename the site..."ipominer" is hardly applicable at this point...

Awesome - thanks for clearing that up - was trying to figure out what happened.....

Ipominer, what is your opinion on future of scrypt market? Do you think it will come back when (if) the X11 and X13 hype vanishes..? Thanks.

The last 5 mined blocks of MAST were not actually orphaned, our transaction checking background job just picked them up as orphans while the blockchain was resync'ing after the MastiffCoin wallet update last night. If you check your individual stats, you'll see that they have now actually been confirmed and paid out: https://www.ipominer.com/my_stats?curr=mast

(Also, the pool block stats page has now been fixed to reflect that they were not orphaned - https://www.ipominer.com/stats?curr=mast)

scammer!!!!!!!
Where is my mast?

Introvert, I saw that as well.... had the block confirmation screen up (been watching for last few days) hit f5 and they disappeared.... weird.

i have been mining numbercoin as well. The current net Hash is pretty low so for short-middle term high profits are expected if that coins hits bittrex.

@IpoMiner  check it out here:  https://bitcointalksearch.org/topic/numbercoin-powpos-fair-coinunique-pos-allocation-rulesjune-1-launch-631948

@ipominer how did we end up with all orphans with all formerly unconfirmed blocks (<1200 confirms) after the MAST wallet update? The last five found blocks were shown as confirming with the number of confirmations slowly rising, and now they are all orphans...

Adding X13 coins is a possibility, but it does require building support for it into both our stratum pool code and the site. If X13 coins stick around, we'll definitely pursue it, but so far there isn't much to indicate they are worth it.