Topic: Auto-switching pool service in MagicPool.org: get the best profitability always - page 3. (Read 5714 times)
May 29, 2014, 10:32:28 PM
The numbers aren't adding up. My 7MH with 0.01 percent rejects rate should have made more than it did. Your payout rate for me yesterday was 250 instead of the 277 you claim you paid. That, and for some inexplicable reason not showing in my logs you recorded my hashrate at 2.5MH for about four hours when I know it never dropped below 7MH. You guys feel shady. Sorry. If the numbers added up like say, they always add up on clevermining (who is more profitable than you are anyway) then there'd be nothing to complain about. It's math. I suggest everyone do the math and see if it adds up. I'm going back to clevermining.
May 29, 2014, 06:16:16 PM
may be it`s time for x11/x13 implementing?
May 29, 2014, 06:11:55 PM
Yes, that is correct.
We pay the pool's fee whatever it is during the mining process. But the profitability is calculated without taking into account these coins.
The infrastructure have some costs and also the time and all resources we are devoting to this project. So we need to apply some fee. I hope it is ok for you.
We pay the pool's fee whatever it is during the mining process. But the profitability is calculated without taking into account these coins.
The infrastructure have some costs and also the time and all resources we are devoting to this project. So we need to apply some fee. I hope it is ok for you.
Did you mean that profitability DOES take into consideration destination pool fees? ie. if one has fees of 2% and one is 5% but they are both mining the same coins, would this pick the 2% one since it's more profitable?
May 29, 2014, 06:06:00 PM
Great 
Thanks for your comments.
Thanks for your comments.
May 29, 2014, 05:19:35 PM
Yes, that is correct.
We pay the pool's fee whatever it is during the mining process. But the profitability is calculated without taking into account these coins.
The infrastructure have some costs and also the time and all resources we are devoting to this project. So we need to apply some fee. I hope it is ok for you.
We pay the pool's fee whatever it is during the mining process. But the profitability is calculated without taking into account these coins.
The infrastructure have some costs and also the time and all resources we are devoting to this project. So we need to apply some fee. I hope it is ok for you.
I'm not complaining. I just want to understand exactly how the system works.
I've just redirected 11 MHz to MagicPool. Let's see how it goes
Cheers!
May 29, 2014, 05:14:59 PM
Yes, that is correct.
We pay the pool's fee whatever it is during the mining process. But the profitability is calculated without taking into account these coins.
The infrastructure have some costs and also the time and all resources we are devoting to this project. So we need to apply some fee. I hope it is ok for you.
We pay the pool's fee whatever it is during the mining process. But the profitability is calculated without taking into account these coins.
The infrastructure have some costs and also the time and all resources we are devoting to this project. So we need to apply some fee. I hope it is ok for you.
May 29, 2014, 04:49:59 PM
I love the idea and l'll give it a try.
But I am wondering...
Aren't we going to pay your 0.5% fee on top of the destination pools fee?
If I understood the concept correctly, you redirect our hashing power to the most profitable pool, but that pools will charge it's normal fee. And on top of that you charge 0.5% for your services, right?
But I am wondering...
Aren't we going to pay your 0.5% fee on top of the destination pools fee? If I understood the concept correctly, you redirect our hashing power to the most profitable pool, but that pools will charge it's normal fee. And on top of that you charge 0.5% for your services, right?
May 29, 2014, 12:24:39 PM
Nice switched my Gridseed cgminer 3.7.2 with nicehash patch to the pool. It works as expected.
Keep up the good work.
Keep up the good work.
May 29, 2014, 12:14:15 PM
LOVE it... I've been doing a stupid version of this for a while manually...
Just can't wait to see what the pools you are mining are gonna do to keep the miners from evacuating their pools and joining here... and abuse them like the coins they abuse under them ;-)
r00tdude
Just can't wait to see what the pools you are mining are gonna do to keep the miners from evacuating their pools and joining here... and abuse them like the coins they abuse under them ;-)
r00tdude
May 25, 2014, 11:44:10 AM
As long as possible during the time we are able to maintain the required infrastructure with the 0.5%
If we start to require more infrastructure and resources (due a huge hash rate increment, DDOS attacks or some other kind of thing), then probably we will need to increase the fee a bit
.
However remember that once you mine with the 0.5% it will be your base fee forever.
during the time we are able to maintain the required infrastructure with the 0.5%If we start to require more infrastructure and resources (due a huge hash rate increment, DDOS attacks or some other kind of thing), then probably we will need to increase the fee a bit
.
However remember that once you mine with the 0.5% it will be your base fee forever.
May 25, 2014, 10:24:16 AM
How long does the 0.5% Introductory Fee last?
May 25, 2014, 06:02:13 AM
Right now 180MH/s and increasing 
Give it a try! You won't need to care anymore about which is the most profitable pool in the market.
Give it a try! You won't need to care anymore about which is the most profitable pool in the market.
May 22, 2014, 02:47:51 PM
How much transparency does this pool have as to earnings? Does it let you know what coins were mined, how much you've earned per day, etc.?
That is true, it is not actually a pool but a minig service.
About transparency, we try to give the maximum possible, it is one of our main goals.
Here you can see an example of an user statistics:
http://www.magicpool.org/stats.php?btc_address=1KfC5Q1GLxSKm3QdMRqi745QN2nJ7JjsQC&submit_btn=
And you can also know at which pools are we mining in the graph of the same page.
If you think we must provide some other information, please let me know.
Cheers.
Aha, I get what it is now. That information is plenty. I didn't realize it was a profit-switching profit-switching pool. This is an interesting concept!
May 22, 2014, 02:37:57 PM
How much transparency does this pool have as to earnings? Does it let you know what coins were mined, how much you've earned per day, etc.?
That is true, it is not actually a pool but a minig service.
About transparency, we try to give the maximum possible, it is one of our main goals.
Here you can see an example of an user statistics:
http://www.magicpool.org/stats.php?btc_address=1KfC5Q1GLxSKm3QdMRqi745QN2nJ7JjsQC&submit_btn=
And you can also know at which pools are we mining in the graph of the same page.
If you think we must provide some other information, please let me know.
Cheers.
May 22, 2014, 02:35:11 PM
Nope.
Are you sure you have configured the stratum server properly ?
stratum+tcp://mine.magicpool.org:7777 -u BTCAddress -p x
At the bottom of this page you must see the last BTC addresses seen (updated every 10 minutes):
http://www.magicpool.org/stats.php
There is this new one "1B9nsM...." but it seems it is not yours, right?
Are you sure you have configured the stratum server properly ?
stratum+tcp://mine.magicpool.org:7777 -u BTCAddress -p x
At the bottom of this page you must see the last BTC addresses seen (updated every 10 minutes):
http://www.magicpool.org/stats.php
There is this new one "1B9nsM...." but it seems it is not yours, right?
May 22, 2014, 02:34:43 PM
How much transparency does this pool have as to earnings? Does it let you know what coins were mined, how much you've earned per day, etc.?
I dont think this pool mines coins.. It sends you to the best profit switching sites to mine there If I understand it correctly..
May 22, 2014, 02:32:43 PM
How much transparency does this pool have as to earnings? Does it let you know what coins were mined, how much you've earned per day, etc.?
May 22, 2014, 02:26:08 PM
If it works in nicehash it should also work in magicpool, since we have the same problem with the newer version of cgminer (bug in the extranonce2 size of the stratum protocol). Please, let me know if you test it.
May 22, 2014, 12:38:42 PM
Thanks everyone for the comments!
Right now we are mining in NiceHash/CleverMining/CoinShift depending on the daily profitability for each one.
If you have a good pool which offers nice profitability, let me know and I can add it to the system!
However it would need the pool to provide an API to easy check the profitability results if it is not in poolpicker.eu
Right now we are mining in NiceHash/CleverMining/CoinShift depending on the daily profitability for each one.
If you have a good pool which offers nice profitability, let me know and I can add it to the system!
However it would need the pool to provide an API to easy check the profitability results if it is not in poolpicker.eu
May 22, 2014, 12:30:03 PM
Congratulations p4u, it's a very nice concept!
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