The CoinKing Scrypt numbers are still looking awful. They're about a third of what shows up on poolpicker, presumably through the CoinKing API.
Kind of hard to believe that exchange automation would cause a 2/3rds discrepancy. Maybe their API is just, er, exaggerated.
Suchmoon, can you think of any other reasonable explanation for the discrepancy?
If not maybe I'll post on the CoinKing thread and ask what the deal is.
I'm starting to regret asking you to add CoinKing. Sorry if they turn out badly...
They run a coins diff and reward trough a simple profit calc, like the one I'm making, and multiply that by the percentage of time it's being mined. Add that together and you get their API results.
If you use their auto-trader, you'll get 1/3. If you use your own trading system (auto-payout to an exchange), it will be a lot higher, depending on your trading skills, but normally never 100%. But if you're that good at trading, why not just play the game and stop mining
Exactly my thoughts... what sets a good multipool apart is a coin switcher AND an auto exchanger (or manual trading by the pool operator, if that's what it takes) that can actually "monetize" the earnings. It's odd to have the pool determine profitability and tell me which coins to mine and then rely on MY trading skills to get that profitability. And I'm not even sure what kind of trading genius would extract anything from Doge, which seems to be the coin I've been mostly mining there
Anyway, I'll leave it on for a couple of weeks, since there aren't many other exciting Scrypt pools.
I agree that there's little advantage to an auto switcher that doesn't also effectively auto exchange. The surprise for me is how bad the results are with their auto exchanger. I mean it would be one thing if they didn't offer the auto exchange feature, like multipool.us (which instead has Crypsy integration that you have to configure). With multipool.us at least you know that you're left with a bag of coins that you have to deal with yourself.
But if the fact that CoinKing offers a full auto-exchange feature, but the results are awful and dramatically out of whack with their advertised profits is really like false advertising. If you only go on the poolpicker numbers, then CoinKing shows something like 14% better than WafflePool and CleverMining, for example. But extrapolating your results, the reality is that both those pools deliver three times the amount of realized BTC to your wallet than CoinKing does.
If CoinKing's actual profits don't improve (which my guess would require the operator to make significant changes), then this pool should be avoided. Unless people are interested in the idea that a pool would pick the coins to mine (any flavor as long as it's Doge ;-) and leave you with the mess.
I wonder if maybe there should be a Suchmoon "hall of shame" summary on cryp.today? Or if that's too judgmental, at least maybe there could be a history of pools that have been evaluated, but removed, and why.