Edit: Furthermore, I'm not sure I like the auto-sell for BTC. I'm doing so atm, but searching for alternatives.
one of the alternatives could be to Un-check the 'auto-sell' checkbox for whichever coins you'd like to not auto-sell to BTC
Or manage what and when I mine and trade with my own script, which is work in progress
Indeed, I'm sure that will work much better for you (obviously). For those who can't or don't want to create their own, Hashcows is here, with at least a bit of choice on keeping coins or trading them
Oh, I'm not even trying to diss the service that I'm using! Your pool and system is excellent. There are however 3 issues with multipools, where the operators must be careful:
- Non-accurate profitability calculations when choosing coins, or perhaps it's very variable according to one's personal mining setup. I'm not sure that others have similar amount of rejects on some coins.
- Don't blindly dump a lot of mined coins on an exchange at "any" or unfavourable price. It hurts the miner, the pool, the miners that come later and the viability of the coin. I can wait for days or weeks for a coin to be sold, that's if I actually want to sell.
- Multipools should be careful with the massive amount of hash rate they have at the disposal. What will it do to alt-coins, medium-term? Some coins are honestly copy/paste let alone scamcoins (which are way worse at damaging the scene than anything else combined), others bring decent innovation. Most don't resist being thrown spikes of megahashes at them, either due to technical details, being too new or because people stop trading a coin frequently dumped. I actually care about these efforts and the future viability of those coins, besides the obvious self-interest of profit.
I hope it's clear what I'm trying to say and my concerns
Absolutely. Didn't actually take your previous comments as a hit against the pool perse. More just meant, naturally, someone can customize a system to their liking that will perform much better for them! (If they have the skills).
* The profitability factor is something that is always a work in progress. It changes with hashrate, it changes with outstanding pool balances, there are a lot of factors. What may be profitable for an individual miner may not be for the pool ect.
* The auto-trade of coins is for sure never going to be as effective as day trading, or just a human in general doing the occaisonal trade, which we post on the site a bunch of times as well. This was a strongly motivating factor that lead to building the auto-trading aspect as optional on a per coin basis. A human will generally always be able to come out ahead in short term trades (trade-bots aside). And as you said, a pool such as this has to move coins in a fairly expedient manner to get BTC back to miners, surely less efficient than being able to hold coins as long as needed!
* I had a response to your last point as well, but didn't feel it was coming across quite right. Needless to say, I've felt similar towards pools like ours over my time in crypto, but also have an appreciation for active dev's who are coming up with clever new adjustments to handle large sudden hashrate spikes.
These aren't meant to be rebuttals or anything, just wanted to say that I share some of your viewpoints, and above is how the pool handles them (for anyone coming along reading this later)