Topic: [ANN][Pool][Profit-Switch][Optional Auto-Exchange per Coin][Vardiff] ~ Hashcows - page 49. (Read 347335 times)

I'd sad to say, that I also have pointed my MH to a different pool.

3 MH/S anfter 1 week, gave a max at 0.018 for the best day, made 0.04 on middlecoin yesterday.

Will return when the pool is back to normal, still the best concept imho. but there are a lot of coin's missing in my account, and without a paper trail I can't prove og disprove my feeling. :-(

I will return someday. next pool to test poolwarz only I hate that I need to exchange the coins myself, would like to pay for that service on a great pool like hashco.ws was before the hack.

Did the pool ops not say about a month ago that they do not just dump large amounts of coins as they are not that dumb?

I am with you on this Trog, thanks for your analysis. I had asked the devs/team for an idea of profitability and then I had lazily accepted the mindset that "things will get better soon" before seeing your blog.  It was the final straw before I switched all my miners off of Hashcows, for now, and I have begun with multipool.us with auto-trading on Cryptsy.  Hell, even straight Dogecoin has been more profitable. 

It is somewhat sad as I started mining with Hashcows over a month ago and really wanted to stick with them thru the "hack".  I also understand that Alts are generally down, and the effect of a massive pool dump can be catastrophic on coin mining.  But this is no longer a reasonable excuse.

That being said, I have electric bills to pay and equipment to payoff.  I can't stick around any longer on false hopes and loyalty.  I really did like Hashcows and I will keep an active eye to this forum for the day when users feel that the pool has returned to a reasonable profitability.  In the meantime, I will be searching for greener grass thru alternative methods.

***to avoid unnecessary flaming from the fanbois, note that I did mention that I actually LIKE Hashcows and WILL be returning again when it seems to make financial sense***

thanks!, but, always a big butt
it is not obvious to me how to delete/remove a worker.

Worker modification is now up and running, feel free to add/drop/edit your workers.

Very good post, well explained - I do agree.

I wish there would be more of those well-thought and considerate posts in this particular thread. 

'30% more' sounds great if your time is worthless.  

for me, what you say makes sense, but sounds like a pain in the ass.  i am a miner, and not a daytrader.  if you want to daytrade, install wallet trojans, and deal with cryptsy that's your game.  I sure as hell don't want to follow each and every thread in the altcoin forum to determine precisely when a pump-and-dump is occuring.  i'm not built for daytrading, and everyone has to figure out where their strengths lie.  

BTC cashout now pending for over three (3) hours...

...not so good.

the pools are mining the most profitable coin. but my opinion is that these pool have become to big for their own good and are competing with all the other pools for the same coin. they jump on the highest on the list all together instantly . always after the best coin. thats a lot of hashing power thrown arround, mostly on new coins who cant handle all the traffic. i would like them to not jump to the most profitable all the time but think a little more about these things. i think it would make things more stable. even though it seems like the oposite is true.

On the other hand. if the pool mines the 3th on the list on coinchoose, there is hell to pay in the forums. 3 pages about why we are not mining number one with all the other pools. people start threatning to leave if the pool doesn`t switch over, screaming how the operators are idiots... and more of that good stuff.

Autotrading pools are moneyprinters in upgoing markets. But now in a hard marketplace they show their weaknesses. And the users are the cause of the deminishing returns themselves without realising it.

And if you where to force users to trade the coins themselves everything will be sold with autotrade on cryptsy.so thats no solution either. Probably hurt profitabilaty even more.

This is exactly what is going on - no one. Anyone who don´t see this is blind. By dumping at lowest possible price there is no place left for traders / investors and they´ll go away.


I do, I don´t blame profit switching pools (which are in the end good to beat badly designed coins and their poor resistance to hashrate spikes) - I am blaming autotrading profit switching pools, for their dumping at lowest possible prices just to satisfy complainers. And thats impossible anyway -  with non autotrading multipools like us.trademybit.com, multipool.us or my fav ultimatecoinpool.com You will get 30% more by selling Your coins manually and its because theese pools don´t take into account market depth, so while autotrading pools mine WDC with profitability .007 BTC per MHS (because it´ll be easy for them to sell all coins at low rates), non autotrade pools mine most profitable coins at .013+ BTC per MHS and is up to You when and with how profit You´ll sell them. You may say that its possible to turn autotrading off on HashCows, but that still not alter algorythm, designed to mine not most profitable, but most sellable coin.

I literally got eyecancer from reading your text.

If you reed back this thread you will find enough evidence of this. People get scared if they after half a day see very little returns. They just double the amount, asume that will be the days total, arent happy and come here to complain. And thats only the things we see. I guess a lot of others are also mailing and pming the operators asking whats up.
I do get why people do that.
a friend probably told them to go and mine or have read about it somewhere and see it as easy money, but they dont understand how it actually works. And dont have an intrest in it either.
Lets say someone has 2 khs of mining power. They will go to coinwarz and it schows 15 dollars per khs per day, so logic dictates since having two kilohash of haspower they are supposed to have 15 dollars  in their account after half a day. So if thsts not the case, they are all like "why dont i have 15 dollars in my account after 12 hours of mining.... Surely they are scamming me over somehow"
On page 143 there are some members who are doing just that. Even users with 300 posts, who are longer or more active then i am and start saying there is something fishy going on because the dont make a certain ammount.
Im not sayin the operators are or are not doing anything to hurt members. I have no insight in that either. But there other causes that could lead to this result. But apperently blaming the operators is the easy way out.

Its hard to explain to people if they dont understand market dynamics. Whatever you dont know, you wont trust. At least not some people on the scary and magic internet where only thieves make money from scamming people. and running a website is free and only done by nerds as a hobby with no social lives...
You will be surprised how many people still think like this. And there has been a huge amount of these hobby miners who have joined recently.
People assume the current price of a coin is what you get no matter how manny millions of dollars worth you sell instantly. Its worth this, so i schould get that amount for all the coins i sell now.

Thats how it works in a store, so people think it works like that everywhere.

If that is the reason, which I doubt, then that's pretty sad that people would rather see their balance periodically spike as opposed to growing steadily during the day to a bigger ultimate number, which is what smaller consistent sales would achieve. OTOH I've seen coin-specific pools disable their front ends due to miners constantly hitting F5, so maybe there's some truth to it.

People want to see their balance grow. If it doesnt there are 3 pages whining like, im 12 hours in an only have 0,00006 btc confirmed. Thats why it has to be asap. If coins are switched there has to be balance growth within half an hour or the ops are avused of scamming and what not...

With full disclosure that I don't use this or any other auto-switching auto-exchange pool, and have a strong dislike for their effect on alt-coins in general and normal market functioning in particular:

The quoted part of an excellent post is the money shot IMHO - pun fully intended. As far as I know, there is no particular need for the coins to be "dumped" on the market and sold ASAP. I have seen this many times in WDC which seems to be a regular target for this pool, and I don't doubt that it happens elsewhere too. If payouts happen once per day, then what is the urgency to dump (e.g.) 10,000+ coins on the market all at once? Doing so guarantees with 100% certainty that the price obtained is below market price, well below in thin markets, and does a disservice to both investors and the pool's own users. They could be sold in 20 lots of 500 over a period of many hours, or 10 lots of 1,000 etc that would be far more easily absorbed.

If a mutual fund wants to sell 1m shares of WMT and the average daily volume is 5m shares, do you think they advertise the whole block at the offer, or dump the lot with a market order? No, they exercise some patience and discipline and sell throughout the day in smaller tranches.

It may be argued that the supply and demand is the same either way, but that ignores two critical factors: the depth of the bid side, and market psychology. If investors see that large blocks of a particular coin are periodically dumped with no regard to price, then who is going to step up and buy? Using the WDC example again because it's a market that I watch all day, and not saying that it was this pool in this particular instance, I watched it get taken down from the 44000 level to 40000 in a matter of seconds yesterday as thousands of coins were dumped. Whoever the seller was averaged at least 5-6% less than a more disciplined approach would have yielded, and meanwhile the charts show a high volume spike down of almost 10%. That's not healthy for anyone.

Please understand that my intent is not to flame or insult this particular pool or indeed any other pool. I do however feel that if the various auto-switching auto-exchange pools took a more disciplined and less disruptive (dare I say professional) approach to exiting their large accumulated positions, then they might simultaneously improve the general perception of them as well as increasing their users' profits.

It actually is not that hard to see whats going on in my opinion.
Its basicly the problem of a pool thats to big.

The difficulty increases once we hit a coin and reduces profitability.
Usually thats a few dollars per khs.
In good times when profitable coins are at 18 dollars and ltc at 8, you stil have 7 dollars extra against ltc when profifabilaty goes down to 15 dollars when we hit a coin

Now since ltc is at 7 and the best coins around 9 or 10 dollars switching will bring us on par or even under ltc. 9 -3=6
So it seems better. But with the hashrate this pool has, its hard on coins with fast dificulty switches.
This also is why we change so often.

And once we leave the particular coin because of dificulty. the same coins pop back up to the highest earners shortly after. Because without the pool mining the difficulty drops like a stone and the cycle repeats itself.

Furthermore. In a declining market there isnt a sturdy base of buyers on exchanges. Usually a few small buy orders. With under that a lot of people who set a low buy order just in case.
With the amount of coins we dump on the market you often have more coins then genuine buy orders. So after the few coins that are sold at regular prices, you end up getting as much as 20% less for the coins. Since they have to be sold asap.
If you watch cryptsy, often you wil see a huge drop in price with a very high number of traded coins. Im pritty sure these are mostly multipools.

In an up market the demand is much fermer. So prices drop less while trading big amounts quickly.

Those are the biggest reasons for the low earnings i guess. And there is no quick fix for that.

Only thing i can think of is deviding the pools hashpower over 3 or 4 coins at the same time and dripfeeding coins to market over a few days. But equally devide profits over users. No mather what coin they mined. I actually think mining multible coins could be what going on at middle. Would be a good reason not to disclose what coin is mined, since it are multiple simontaniously. And if users mine other coins then others, that would be lots of trouble. Just speculating. I have absolutly NO proof whatsoever.. Just an observation! But they still dump the coins

Combining those two would be a administrative nightmare. Keeping track of earnings of miners over multiple days.
I wouldnt touch that kind of thing with a 10 foot pole. But some business guy with god like coding skills could make that happen. I dont know

Or maybe we should mine only the 3d profitable coin .Since all other pools hit the number one spot. Its not just our hashrate but also multi and middle and others. All jumping on the same coin at the same time.thats a lot of hashes......
If just our hashrate hits a coin the effects maybe are not that drastic and might produce better results even though its not the highest atm. By avoiding other pools the swings up and down arnt as big resulting in better overal performance. Could be worth testing.

Just an idea

Might be a conflict with the BIOS and drivers. Before I say anything I would like to note that changing a BIOS can have MANY unintended consequences and can (has for me) ruin a computer. However I would try the video card manufacturer's bios as I have experienced the most stability and highest has rates with them.

Ermehgawd.

I really wanted to love this pool but seriously, with all the insanity of how it does the switching I'm losing a crapload of power using HashCows. My 4x R9 290 rig seriously loses almost 400 khs over time on hashcows. Multipool does not have this problem. I can switch to them or any other pool and instantly get my KHS and w/u back.

Also I almost forgot. When hashcows does switch it basically disconnects the client, either that or it just randomly goes off line. Either way this is really bad for khs over time (1-3 minute disconnects all through the last few days) and also for system stability. Every time the cards ramp down and back up is another chance, however small, for any instability to crash it.

Also I am not some nub confusing what the site says with actual. I'm talking what CGminer reports.

What is the deal? I really want to like this pool. The concept is perfect. The execution??

I've found this number to be highly variable and dependent on the current time mining the current coin, the round length, and the difficult.

It's pretty hard for them to calculate your actual number, I really just ignore it unless we've been in the current round for 30+ mins stable.