Topic: good place to point my scrypt miners (Read 1082 times)

I just put LocalMiners.com back online mining FLO.

If your willing to speculate a little bit with your miner this might be for you.

https://bitcointalksearch.org/topic/m.11864205

I'd be glad to answer your questions:

1.) We do not have the option to directly keep the coins that were mined.  All coins mined are sent to our automated trading engine, which sells mined coins and buys payout coins at our six exchanges on a regular basis.  This automated trading engine is part of the reason why we can maintain such a high profitability.  Since we have six exchanges, the automated trader always selects the best exchange for buying and selling each coin, ensuring that our users make the most money.

2.) The profit calculation is really complicated and involves many variables.  Put simply, comparing two identical miners, the only difference being their hashrates, we will pay the same rate to both, which is the average of all coins being simultaneously mined at the pool.  The full explanation of our earnings calculation, all the variables involved, and reasoning for the choices we made is in the help section of our site.  Keep in mind that the number posted is the average profitability of the past day; the current day's average profitability could be higher or lower depending on the markets.

We also have work restart optimization.  We track how long it takes your worker to restart new work, and we will assign workers with long restart times (e.g. KnC Titans) coins that have less frequent blocks.  For each worker and each coin, we calculate the percentage of hashrate that would be wasted in work restarts and then assign coins.  It doesn't make sense for a worker to mine a coin that is twice as profitable as another coin if the more profitable could would cause the miner to be restarting work 60% of the time.  You get paid the average payout of the pool minus a "work restart penalty," which is the profitability of the coin you were assigned divided by the profitability of the pool.  In most cases, there will be zero penalty since you will be mining the most profitable coin, but even with the penalty, you will earn more money than you would on a pool without the work restart optimization since you get more hashes into the pool.

3.) The only reason we don't have Novacoin is because until now no one has requested it.  If you would like me to add NVC, just let me know and I will add it to the pool.

So a question or two about PROHASHING.com --

1. Do you have to trade the mined coins automatically into the coin or currency of your choice?  In other words, you can't keep the native coins that were mined?  They have to be automatically converted into another coin for everything?  If I mine .01 42 coin -- can I sent that .01 42 coin directly to my wallet for me to trade with my own strategy?

2. Also - how is your per Mh/s profit calculated?  If I send 400Mh/s your way -- will it be accurate to say that I would average .18 BTC per day (based on your .00045527 Mh/s)?   What is the per Mh/s profit calculated based on how much hash is sent?  Obviously smaller miners can mine different coins than larger miners.

3. Why no NVC?  :-)  I like this one.

You can throws a little of hashrate here:        https://www.okcashpool.info

ok awesome, i like being curious  . ill be sure to market your pool as much as possible especially if you have a referral system

We don't have bonuses for finding blocks; that chart is just if you're curious how your miners are contributing to the pool.

well i am gonna be using to be using this pool for a while :0, one question under the heading blocks found , i am assumin those are all the blocks that i have got the winning share for, there  get a bonus from the block ?

A referral system is something we've been strongly considering.  We're only hesitant to program it because it would require modifying the way our system calculates earnings, and because of that we would have to retest every aspect of the pool to ensure that the balances are correct, a complicated process.  I think we'll implement a referral system the next time we have to do something that requires changing the way we compute earnings (most likely when we implement multiple algorithms) because that way we can test debug two features with one round of testing.

i have got 3 GAW furies running off a windows pc. not ideal but i didnt buy a rasperry PI . my hashrate seems to be jumping from 3.3 to 2.9, which is all right. but i must commend you on the detail of your pool, have you thought of implementing a referral system ?

Yes, that is absolutely normal in a coin-switching pool.  Our pool goes a step further and actually determines how long it takes for your miner to recover from a work restart, and issues you fewer work restarts if your miner takes a long time to switch coins.  That way, our users with fast-switching miners will switch among the most profitable coins while users with slow-switching miners will mine coins that have new blocks less frequently avoiding wasted hashrate.  Whatever the performance of your miner, our custom algorithm ensures that you will always be given the optimal set of coins to mine for your hardware.

Edit:  One thing I should note is that when you first connect, we request a few easy shares so that we can determine your work restart time, and then you are sent to mine normally.  Some miners (particularly services from cloud miners) have trouble with this behavior and get stuck at the testing phase, requiring custom parameters to get it working.  What type of miner(s) are you using, and is this what you are experiencing?

my miners are pointed there, quick question i am getting alot of "requested work restart" is this normal due to the constant changing of coins ?

Join us at https://prohashing.com.  We have 100+ scrypt coins in our pool, a completely custom mining server, completely automated trading in six exchanges, and offer payout in 120+ coins.  Just set up an account, point your miner at prohashing.com:3333, and watch the charts as you earn money; it's as simple as that.  I own the pool and I'll be glad to answer any questions you have about the pool or if you need help setting up your miner.

I recommend hash-to-coins.com -- it is a good pool (especially to mine the profitable 42 coin with very few orphans) and they keep everything in their native coin so you can do your own trading.  They have 0% fees - so you can't go wrong.

i am looking to move ppols after the drop in LTC, any where good you guys know ?