you're getting what you'd get by mining honestly. the multipool is keeping the rest that it gets by gaming the system. That you actually get paid means nothing. Of course you do. They need you mining there, and they pay you just barely enough for you to be idiotically happy about it.
about random rewards,it's not just dogecoin. They reaped huge gains from dogecoin in the past months but there were always USDe, lottocoin, luckycoin... these are still exploitable now. Multipools rape them when the block reward is going to be high.
Topic: FACTS about Multipools and why you shouldn't mine on them - page 3. (Read 5488 times)
Yeah i've only one account 
Looking at my BTC that i got from middlecoin(and still getting) and can't see how am i wrong.
You seem to be full of conspiracy theories and paranoya lol
Looking at my BTC that i got from middlecoin(and still getting) and can't see how am i wrong.
You seem to be full of conspiracy theories and paranoya lol
I am really curious how come multipools mine only the profitable blocks. how do they guess the reward? for doge, for example.
Doge removed the "random" rewards. But before that, the reward is based on the previous block, so it could always be predicted.
This isn't new, this has been known for quite some time and has been one of the larger sources of income for most multipools.
I am really curious how come multipools mine only the profitable blocks. how do they guess the reward? for doge, for example.
I don't know what others do, but everything that is relating to payouts with my multipool is public. (reference http://multicoinpool.org/index.php?page=statistics&action=round add the totals minus Perfection and Southpaw; testing autotrade together right now.)
I also don't "gain on the difficulty." If it happens to be profitable using math, then that is what is mined. (reference http://multicoinpool.org/index.php?page=statistics&action=profitability )
If other multipools don't give enough transparency I can see where you are coming from, but you are assuming that all are bad apples because there could (not implying there is or isn't,) be a trend with a few popular pools.
I also don't "gain on the difficulty." If it happens to be profitable using math, then that is what is mined. (reference http://multicoinpool.org/index.php?page=statistics&action=profitability )
If other multipools don't give enough transparency I can see where you are coming from, but you are assuming that all are bad apples because there could (not implying there is or isn't,) be a trend with a few popular pools.
@SpainCoinDev don't waste your energy to make them understand what they don't want to understand.If they want to get scammed, let them scammed.
I'm sorry, I can't hear you over all the BTC in my wallet.
You should stop doing it wrong.
@SpainCoinDev don't waste your energy to make them understand what they don't want to understand.If they want to get scammed, let them scammed.
My equipment paid for itself out of mining profits. No loss to me. If scrypt hits bottom there are already GPU miners out for all of the current coins. I am sure my equipment will be fine.
You got confused, I was talking to your other account, "Minerist". Not Trestle. Thanks for making it obvious though, that this thread is full of multipool-affiliated fake identities.LOL Only one account here. No worries though. I'd rather not spend my time arguing with an idiot. Sad that people like you can copy paste new coins and ruin the market even more. Have a nice day hope your shit coin dies quickly so you go away. Best feature on this site Ignore.
My equipment paid for itself out of mining profits. No loss to me. If scrypt hits bottom there are already GPU miners out for all of the current coins. I am sure my equipment will be fine.
You got confused, I was talking to your other account, "Minerist". Not Trestle. Thanks for making it obvious though, that this thread is full of multipool-affiliated fake identities.
My equipment paid for itself out of mining profits. No loss to me. If scrypt hits bottom there are already GPU miners out for all of the current coins. I am sure my equipment will be fine.
Yeah if the time to research a profitable coin, good pool, exchange, configuring miners, selling coin is worth nothing to you - just get a mcdonalds job, it will pay you a stable hourly wage and will teach you to appreciate your time. Fortunately my time worth a lot to me so i just pay a fee to multipool to manage my hashing power. And if they crash shitcoins, well, it's a fault of shitcoin and not multipool
And if a multipool scammed you (speaking about a real scam like not paying out your earnings) - it can be done on any normal pool too, has absolutely nothing to do with pool being multi or not.
Fun to see spaincoin butthurt.
No, Spaincoin is just fine now. You, on the other hand, are going to be a sad gpu-bagholder when gpu mining becomes unprofitable for you which will happen pretty soon and you'll be left with expensive equipment you'll have to sell at a big loss. It's not "fun" to see you there though, I don't give a damn. And if a multipool scammed you (speaking about a real scam like not paying out your earnings) - it can be done on any normal pool too, has absolutely nothing to do with pool being multi or not.
Fun to see spaincoin butthurt.
Yeah if the time to research a profitable coin, good pool, exchange, configuring miners, selling coin is worth nothing to you - just get a mcdonalds job, it will pay you a stable hourly wage and will teach you to appreciate your time. Fortunately my time worth a lot to me so i just pay a fee to multipool to manage my hashing power. And if they crash shitcoins, well, it's a fault of shitcoin and not multipool
And if a multipool scammed you (speaking about a real scam like not paying out your earnings) - it can be done on any normal pool too, has absolutely nothing to do with pool being multi or not.
Fun to see spaincoin butthurt.
And if a multipool scammed you (speaking about a real scam like not paying out your earnings) - it can be done on any normal pool too, has absolutely nothing to do with pool being multi or not.
Fun to see spaincoin butthurt.
Multipool is the biggest scam scheme implemented to scam the miners.You will always get less as compare to when your are mining on a single pool.
How is paying a fee for a pool to manage your hash power effectively a scam?
Sure you could micro-manage your rigs yourself and maximize your profits, but is your own time in doing that really worth less than the fee paid to multipools?
Multipools deliver a service as advertised. It's not a scam.
then you didn't have experience with multipool , I mined on multipool.us and then left because my unconfirmed coins are not confirmed even after two weeks when I left and one day I checked my account it's gone and not credited so from that day I realise it's a scam pool.
Sounds like you were doing it wrong.
It shows that you know nothing
I disagree that multipools are scamming their users, but what I do know is when every miner joins a multipool, mining will be dead.
The whole point of mining profitable is when other users (so called "investors") are buying coins so their value will rise because of the buy orders. Individual miners can decide to hold and sell at a later point, while multipools sell off their coins immediately for BTC. No coin, not BTC/LTC or any other coin can survive daily selloffs without enough investors. SPA included, also AUR, BC or other coins.
So whenever multipools get too big and keep flooding every coin they mine on #exchange, the value will definately never rise and it is only waiting until that specific coin heads on to 1 satoshi.
The whole point of mining profitable is when other users (so called "investors") are buying coins so their value will rise because of the buy orders. Individual miners can decide to hold and sell at a later point, while multipools sell off their coins immediately for BTC. No coin, not BTC/LTC or any other coin can survive daily selloffs without enough investors. SPA included, also AUR, BC or other coins.
So whenever multipools get too big and keep flooding every coin they mine on #exchange, the value will definately never rise and it is only waiting until that specific coin heads on to 1 satoshi.
Yeah.. You don't have a clue how any of this works.
Your posts are downright painful to read.
lmao. so teach me. I'm quite humble Your posts are downright painful to read.
Multipool is the biggest scam scheme implemented to scam the miners.You will always get less as compare to when your are mining on a single pool.
How is paying a fee for a pool to manage your hash power effectively a scam?
Sure you could micro-manage your rigs yourself and maximize your profits, but is your own time in doing that really worth less than the fee paid to multipools?
Still yet they pay out more then you can mine on a single coin on your own or if mining a single coin in a pool. Multipools are about making money not about supporting coins. Unless you are willing to put in the work of jumping coin to coin and have multiple pools set up in your mining software to be able to do this on your own it is worth it to pay the multipool fee. I get that you are trying to help your coin but I gotta be honest, you just sound like a Dev burned by multipools because you did not look at the current landscape of mining and build the features into your coin to protect from the huge diff jump from a multi mining your coin. Since you were just a clone coin I don't really understand how you did not see this coming. Multipools may be tough on coins that are not built correctly. But they were the only answer to all the CopyCat get rich over night with premine coins that were being flooded onto the market. If you want your coin to make it show some advancement in code. Build a community to support that advancement. Greedy DEVs (Not all of them BTW) are what created this current situation with the coin markets.
And again, about multipools... you have it wrong:
- You don't get practically any advantage by jumping coins as a single miner. The advantage is gained when you have a significant (multipool) hashrate compared to the whole net hashrate because the multipool mines at a diff that corresponds to a hashrate say 10 times lower than its own. Until it goes up, which causes the multipool to leave and screw the honest miners.
The multipool thus mines at the honest miners diff, and the honest miners mine at the multipool's diff. This can mean 10x profit for the multipool, and in time a dead coin for honest miners. - This huge extra profit the multipool makes IS NOT PASSED ON TO THE MINERS!! multipools pay barely enough to keep miners there. It doesn't take much to keep a miner lazy enough not to pick coins and pools. The multipool keeps the rest!
Yeah.. You don't have a clue how any of this works.
Your posts are downright painful to read.
Multipool is the biggest scam scheme implemented to scam the miners.You will always get less as compare to when your are mining on a single pool.
How is paying a fee for a pool to manage your hash power effectively a scam?
Sure you could micro-manage your rigs yourself and maximize your profits, but is your own time in doing that really worth less than the fee paid to multipools?
Still yet they pay out more then you can mine on a single coin on your own or if mining a single coin in a pool. Multipools are about making money not about supporting coins. Unless you are willing to put in the work of jumping coin to coin and have multiple pools set up in your mining software to be able to do this on your own it is worth it to pay the multipool fee. I get that you are trying to help your coin but I gotta be honest, you just sound like a Dev burned by multipools because you did not look at the current landscape of mining and build the features into your coin to protect from the huge diff jump from a multi mining your coin. Since you were just a clone coin I don't really understand how you did not see this coming. Multipools may be tough on coins that are not built correctly. But they were the only answer to all the CopyCat get rich over night with premine coins that were being flooded onto the market. If you want your coin to make it show some advancement in code. Build a community to support that advancement. Greedy DEVs (Not all of them BTW) are what created this current situation with the coin markets.
And again, about multipools... you have it wrong:
- You don't get practically any advantage by jumping coins as a single miner. The advantage is gained when you have a significant (multipool) hashrate compared to the whole net hashrate because the multipool mines at a diff that corresponds to a hashrate say 10 times lower than its own. Until it goes up, which causes the multipool to leave and screw the honest miners.
The multipool thus mines at the honest miners diff, and the honest miners mine at the multipool's diff. This can mean 10x profit for the multipool, and in time a dead coin for honest miners. - This huge extra profit the multipool makes IS NOT PASSED ON TO THE MINERS!! multipools pay barely enough to keep miners there. It doesn't take much to keep a miner lazy enough not to pick coins and pools. The multipool keeps the rest!
Multipool is the biggest scam scheme implemented to scam the miners.You will always get less as compare to when your are mining on a single pool.
How is paying a fee for a pool to manage your hash power effectively a scam?
Sure you could micro-manage your rigs yourself and maximize your profits, but is your own time in doing that really worth less than the fee paid to multipools?
Multipools deliver a service as advertised. It's not a scam.
then you didn't have experience with multipool , I mined on multipool.us and then left because my unconfirmed coins are not confirmed even after two weeks when I left and one day I checked my account it's gone and not credited so from that day I realise it's a scam pool.
Sounds like you were doing it wrong.
Multipool is the biggest scam scheme implemented to scam the miners.You will always get less as compare to when your are mining on a single pool.
How is paying a fee for a pool to manage your hash power effectively a scam?
Sure you could micro-manage your rigs yourself and maximize your profits, but is your own time in doing that really worth less than the fee paid to multipools?
Still yet they pay out more then you can mine on a single coin on your own or if mining a single coin in a pool. Multipools are about making money not about supporting coins. Unless you are willing to put in the work of jumping coin to coin and have multiple pools set up in your mining software to be able to do this on your own it is worth it to pay the multipool fee. I get that you are trying to help your coin but I gotta be honest, you just sound like a Dev burned by multipools because you did not look at the current landscape of mining and build the features into your coin to protect from the huge diff jump from a multi mining your coin. Since you were just a clone coin I don't really understand how you did not see this coming. Multipools may be tough on coins that are not built correctly. But they were the only answer to all the CopyCat get rich over night with premine coins that were being flooded onto the market. If you want your coin to make it show some advancement in code. Build a community to support that advancement. Greedy DEVs (Not all of them BTW) are what created this current situation with the coin markets.
Multipool is the biggest scam scheme implemented to scam the miners.You will always get less as compare to when your are mining on a single pool.
How is paying a fee for a pool to manage your hash power effectively a scam?
Sure you could micro-manage your rigs yourself and maximize your profits, but is your own time in doing that really worth less than the fee paid to multipools?
Multipools deliver a service as advertised. It's not a scam.
then you didn't have experience with multipool , I mined on multipool.us and then left because my unconfirmed coins are not confirmed even after two weeks when I left and one day I checked my account it's gone and not credited so from that day I realise it's a scam pool.
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