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Topic: [ANN][POOL][PROFIT-SHIFT] Coinshift.com, the first profit-shifting multipool - page 11. (Read 28702 times)

trc
full member
Activity: 164
Merit: 100
I'm seeing the same pattern as EricKennedy to say the truth. Hash rates have fallen down for the last 3 hours or so even though worker efficiencies are rock solid here. Not whining but there's something to look at over there guys. Hopefully just a frontend problem.

Edit: Fixed now.
legendary
Activity: 1960
Merit: 1130
Truth will out!
I have 1.5Mhs pointed to coinshift and now in the pool stats it seems to be 1Mhs...

I also have problems with which you're saying... I think that there's a problem in the stats and payment... I don't receive anything (yet) and the pool says that is paying 0.00749 BTC/Mhs/day so it's obvious that i least i need to have ~0.0001 lol

* Can you share your address or link us to your account page? At 0.5MH you will have some variance, so you should be seeing hashrates from 1.0-2.0MH which over the course of the day average out to 1.5

* How long has the 1.5MH been pointed there? Since we're mining a lot of DOGE at the moment which has higher variance, (blocks come every 1-2 hours) you will have to stick with it for at least 24-48 hours to see a fair report

Here you have: http://coinshift.com/account/1FrzQeGqWrKzwLGv9uMPVxbe9DyTs4RNQW

I can't see anything in "Estimated Unexchanged" Sad
member
Activity: 63
Merit: 10
I have 1.5Mhs pointed to coinshift and now in the pool stats it seems to be 1Mhs...

I also have problems with which you're saying... I think that there's a problem in the stats and payment... I don't receive anything (yet) and the pool says that is paying 0.00749 BTC/Mhs/day so it's obvious that i least i need to have ~0.0001 lol

* Can you share your address or link us to your account page? At 0.5MH you will have some variance, so you should be seeing hashrates from 1.0-2.0MH which over the course of the day average out to 1.5

* How long has the 1.5MH been pointed there? Since we're mining a lot of DOGE at the moment which has higher variance, (blocks come every 1-2 hours) you will have to stick with it for at least 24-48 hours to see a fair report
member
Activity: 63
Merit: 10
Not a big issue but they tend to "shift" color on every page reload so far. Smiley

Hehe, yep we're aware of that. It's super annoying, but so far we've been prioritizing backend fixes rather than working on the UI. I promise we'll get around to that very soon.

There may be a quick tweak I can do that will make it better today. But in the longer term we want to switch those graphs to a better graphing lib.
newbie
Activity: 59
Merit: 0
What is the plan with DOGE now that they hammer difficulty as soon as a pool points at them?

I see that it's coinshift is about 86% DOGE right now.

That's what's great about a shifting algorithm. As the difficulty rises, we can gradually pull back from a coin and place those hashes on others, as long as there are other coins that are more profitable to mine than LTC. With enough hashrate and the right algorithm, we could even settle into a hashrate equilibrium, where we see an end to these massive spikes.

Our goal is to balance two competing factors: sustainability and profitability. The basic concept is: when one coin is more profitable than another, how much more hashrate do you give it? Right now we've got our shifting algorithm in "aggressive" mode, meaning it's more concerned about profitability. That helps us ensure that we can compete with other pools and attract miners to join us in our quest. Over time and as we have a more significant hashrate, our plan is to to see how much we can turn the dial back to sustainability without sacrificing much profitability. That will be better for the whole ecosystem and should actually improve everyone's payouts.


That makes sense.

What I really am curious about is how you calculate profitability with their instant difficulty shift. As I am sure you know, (this is for the class Tongue) DOGE now instantly adjusts difficulty in the hopes to cause unsophisticated multipools to hop on, then instantly hop off.

Are you saying that you calculate the profitability for Coinshift after the "expected" difficulty spike before we start mining?

If so, makes total sense. Otherwise I am curious as to how it stays worth mining.

Thanks!
member
Activity: 63
Merit: 10
I'm sending 30Mhs to CoinShift, and it was reporting a lower hashrate but that was ok (~27Mhs). Now, for a few hours, it's reporting less than 20Mhs (including rejected hashrate).

Can you PM or post your address so I can look at it? What server are you onWhere are you located?
hero member
Activity: 630
Merit: 502
Does expiry, scan-time, queue have any effect?
trc
full member
Activity: 164
Merit: 100
I like this pool the most out of the top five at the moment. Fast payments and a cool concept of shifting load instead of going 100% on one poor coin.

The thing I noticed so far is that multiple worker configs have a problem. If you set up youraddress.worker1 + youraddress.worker2 etc., the combined hash rate is always lower than what you'd get while not using individual worker addresses. Or that it is just a display glitch on the frontend.

BTW guys, please try to make the line colors in the graphs more static. Not a big issue but they tend to "shift" color on every page reload so far. Smiley
sr. member
Activity: 336
Merit: 250
Im on a .5/m hasher but have received payout the last two days.  I have noticed the  hashrate stats are incorrect, sometimes  higher and sometimes lower.
legendary
Activity: 1960
Merit: 1130
Truth will out!
I'm sending 30Mhs to CoinShift, and it was reporting a lower hashrate but that was ok (~27Mhs). Now, for a few hours, it's reporting less than 20Mhs (including rejected hashrate).
Am I the only one to experiment this ?
I have 1.5Mhs pointed to coinshift and now in the pool stats it seems to be 1Mhs...

I also have problems with which you're saying... I think that there's a problem in the stats and payment... I don't receive anything (yet) and the pool says that is paying 0.00749 BTC/Mhs/day so it's obvious that i least i need to have ~0.0001 lol
sr. member
Activity: 360
Merit: 250
CEO, Ledger
I'm sending 30Mhs to CoinShift, and it was reporting a lower hashrate but that was ok (~27Mhs). Now, for a few hours, it's reporting less than 20Mhs (including rejected hashrate).
Am I the only one to experiment this ?
member
Activity: 63
Merit: 10
What happened to FlappyCoin? Did something drastic cause it to crash? Can't you exchange Flappy to LTC then to BTC?

The difficulty swings from multipools was too much for it, I think. It's being delisted from some exchanges. Some people are still holding out hope!
http://www.reddit.com/r/flappycoin/
https://bitcointalk.org/index.php?topic=464743.3480
member
Activity: 63
Merit: 10
What is the plan with DOGE now that they hammer difficulty as soon as a pool points at them?

I see that it's coinshift is about 86% DOGE right now.

That's what's great about a shifting algorithm. As the difficulty rises, we can gradually pull back from a coin and place those hashes on others, as long as there are other coins that are more profitable to mine than LTC. With enough hashrate and the right algorithm, we could even settle into a hashrate equilibrium, where we see an end to these massive spikes.

Our goal is to balance two competing factors: sustainability and profitability. The basic concept is: when one coin is more profitable than another, how much more hashrate do you give it? Right now we've got our shifting algorithm in "aggressive" mode, meaning it's more concerned about profitability. That helps us ensure that we can compete with other pools and attract miners to join us in our quest. Over time and as we have a more significant hashrate, our plan is to to see how much we can turn the dial back to sustainability without sacrificing much profitability. That will be better for the whole ecosystem and should actually improve everyone's payouts.
hero member
Activity: 630
Merit: 502
What happened to FlappyCoin? Did something drastic cause it to crash? Can't you exchange Flappy to LTC then to BTC?
member
Activity: 63
Merit: 10
Right now the profit is flatlining though... I see the coins disappearing from the unexchanged graph but they don't reappear on the exchanged coins graph. What's up with that?

That was from the unfortunate crash of Flappycoin (which as of now appears dead). Most of our unexchanged balance at the time was in Flappycoin, which is hard to sell effectively because it's value was only 2 satoshi and the exchanges don't have sub-satoshi pricing. The price eventually dropped to 0.00000001, so we sold most of it for half as much as we were showing in the unexchanged graph. As of now there are only sell orders for Flappycoin in the exchanges, no buyers.

Ideally we should have stopped mining Flappycoin earlier since it wasn't exchanging well. We've suspended both FLAP and LEAF because their prices are too low to exchange reliably.

We're learning, and we'll continue to improve our autotrading intelligence.
newbie
Activity: 59
Merit: 0
What is the plan with DOGE now that they hammer difficulty as soon as a pool points at them?

I see that it's coinshift is about 86% DOGE right now.
legendary
Activity: 1960
Merit: 1130
Truth will out!
If i have profits less than 0.001, when I'm going to receive my payout?

Thanks!
sr. member
Activity: 336
Merit: 250
Pointed my second card to your server today!  Was previously mining at middlecoin and for whatever reason I get at least 3x the amount of shares with your pool than I did with middlecoin.   So far im quite happy and plan to continue mining your pool.
member
Activity: 64
Merit: 11
Congrats on getting 1GH/s Smiley

Right now the profit is flatlining though... I see the coins disappearing from the unexchanged graph but they don't reappear on the exchanged coins graph. What's up with that?
member
Activity: 63
Merit: 10
Just wanted to thank you guys for making a pool I don't feel guilty for mining at.

Would it be for a future feature being not trading a certain coin? Like if I want to bank DOGE?

Thanks guys!

No plans for that at this time. We chose early on to not require signup and instead payout automatically to the BTC address that you mine with. That choice is unfortunately incompatible with choosing to keep certain coins.

There is very little lost in the trading fees, though. You should be able to convert the BTC you earn back in to any currency you'd like fairly efficiently!
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