Topic: [ANN][The Original Multipool - Scrypt/SHA256/Scrypt-N/X11] multipool.us - page 217. (Read 424232 times)

You had everything invested in a coin that even the developer abandoned?

Which coins, and why do they deserve better?

It's not healthy, I see it like refusing to slow down at school crossings arguing that the kids should learn to get out of the way faster, then having a dig at the parents.

the pool do nothing that https://bitcointalksearch.org/topic/cgwatcher-140-the-guimonitor-for-cgminer-and-bfgminer-to-prevent-downtime-185553 and https://bitcointalksearch.org/topic/multiminer-any-miner-any-where-on-any-device-free-open-source-cross-platform-248173 dont... then you can always cry the system to jump on the most profitable coin will stay you like it or not.

agreed with the above post. Ive been in the position of having all my coins invested into mincoin, then the flashminers came along, and pretty much killed it making me lose pretty much all i had due to the value taking a sky dive. You're pretty much killing coins on a daily basis, with not a care in the world of the effort it takes to get a coin out of that high diff mess

+1 PRECISELY my thoughts on this. Just because people do it already doesn't mean you should make it easier for them. This and the integration into CGWatcher and other utilities will begin to kill some coins that deserve better.

The fact people are already coin hoping is no reason to give them a completely hands off way of doing it, and doesn't magically absolve you from being part of the problem.   Its not the coin devs that don't like it, its the people mining the coin the 99% of the time its not top of coinchoose (presumably because they believe the coin has merit). Your pool hops on, owns the network for 20-30min until diff adjusts, then hops off, leaving the actual coin supporters left with another grind at a higher than required difficulty.  Remember what happened to FTC, and being stuck on a ridiculously high diff?  Your doing similar, on purpose, on an almost daily basis.  Thankfully most coins adjust at an appropriate rate to not require hard forks these days, but it doesn't mean the affect isn't felt.  

Call it free market, call it whatever you like, at the end of the day it doesn't change the fact its overall a pretty negative impact on the coins involved and the community behind them.  Perhaps your right, and many of these don't deserve to survive in the long run, especially if they 'can't handle this', but not sure that makes it any better that your contributing to their problems.

Props to you on a technical level, for putting this all together.   I respect what you've managed to build, but hate the concept and end results of it in pretty much every way.   Good luck to you, and to those mining at your pool.  Its hard to envision they are actually making what they hope to be by the time they've mined any significant amount of coins, but guess they must be if its that popular.  

To each their own.

Exactly. Unless you are a "true believer" in most of these coins, the only thing to do with them is dump them for a coin you can actually buy things with or has long term potential.

Do you think the PXC developers are going to hold on to that million coin premine forever?

The same thing happens with MNC and LKY, in fact this is the main characteristic of those coins that makes them attractive for Multipool to mine.  The people holding the coin shouldn't worry because they aren't trying to sell it (right?) so they don't need the fast transactions anyway.  If any one of these coins really takes off, the network hashrate should dwarf multipool anyway.

If anything we reduce the value of those coins because our members are (for the most part) looking to maximize profit, not true believers of some coin looking to mine and hold.  So most of these coins are being dumped as soon as they are mined.

Should be back up shortly.

I figured something like this would be said eventually.  Look, the fact is that people are already coin hopping manually or by other means (cryptoswitcher, etc.)

If the coin developers don't like people hopping on and off their coin, they should take steps to stabilize the difficulty.  Some coins have done this with varying amounts of success.  I am under no obligation to help 'early adopters' of any coin make money.  I am also under no obligation to provide infrastructure to coin developers without any compensation.  

I have put a lot of work into this pool (practically all my free time since April), and I am spending my own time and money to provide an extremely stable and reliable infrastructure.  If I add a coin to my pool it will be under my terms and nobody else's.  If the ARG, LKY or PXC or any other heavily premined altcoin developers want me to add a general use pool for their coin or open up their coin's port for direct mining they can contact me and maybe we can arrange something.

still dead.

anyone else can connect to eu multiport?

Let me give you an example of the bouncing effect.

ARG network hash rate  was a low 10kH/s, at block 54,501,  so the difficulty dropped, as it does every 250 blocks, this time from 0.85 to 0.2 this made ARG jump up to just over 600% profitability, which made multipool.in hop and suddenly add over 320kH/s to the hash rate,  an increase of 3,000% plus whatever other pool hoppers elsewhere did. Since the next 250 ARG blocks were found in minutes, the difficulty jumped back up to 0.85, multipool pool bounced again, leaving ARG with a network hash rate of around 17kH/s currently, and a block time of many minutes instead of the 32sec the coins difficulty target is designed for. This is not fair on the supporters of ARG.


My suggestion is either let the miners keep some hashing power on ARG by opening up the direct port again,  or take it out of the multipool rotation. multpooli.in represents  >51% of the ARG nethash when the miners are pointed to it.

Whoever is buying, selling or mining those coins ARE part of the free market - weather you like it or not (even if they are noobs). Only currencies which are desired and held and transacted with by a large # of participants of the market will survive. I only hold BTC, LTC and couple of other smaller ones, because I believe they are here to stay. If you like other currencies - buy and hold them.

So, what is so bad about higher difficulty? BTC and LTC have the highest difficulty and they are the least profitable most of the time, but everybody want them the most and they are doing just fine. I understand that they were first to market, but any new coins which are created have to deal with potential of the huge hash power which is out there. This hash power will find the most profitable coin even if sites like multipool or coinchoose wouldn't exit.

The real problem is that nobody want those coins unless they can by sold for profit.

From what I'm seeing.. it artificially props them up, thanks to the high earning potential percentages reported by sites like Coinchoose. If a new coin is to survive, let the commutity decide and not some random pool operator.

Noobs with P&D trading bots does not constitue a free market. The MEM dump and devaluation is a prime example.

Its not that the network can't handle the influx. Its the higher (and sometimes too high) difficulty that the early adopters are left to deal with once 'the hoard' moves on. The potential for a coin to get 51'd is also a concern.

HT xD

Who do you propose would ban those pools? Government? Community? How do you propose they do so? It is a free market here: If a coin cannot handle sudden influx of hash power, may be it should not exist at the first place. Most of those coins do not bring anything to the table other than making few creators some money - they are just attempts to clone good and established currencies such as BTC and LTC, nothing more. I, as a free market player vote with my hash power switching to the most profitable pool to bring those coins down for good.

still cant connect. whats going on?

The concept of this pool sounds great, but since a good portion of the pool appears to not be using the auto feature, wouldn't the use of PPLNS cause miners to lose money since they are bouncing around from coin to coin?  It seems like this would be much better implemented using PPS.

cant connect to pool1.eu.multipool.in:7777