I think CoinKing is skimming | Bitcointalksearch.org

Bombadil

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Quote from: bozo333 on June 19, 2014, 07:37:23 AM

Yesterday I got a new A2 script machine with a Corsair HX1050 PSU....it runs on avg. at 29+mhs as reported by the sw, somewhat less at the pool. I let it mine at Coinking for about 8 hours using the 'most profitable' coin setting. Just tallied my confirmed and unconfirmed earnings, which will only be about $4.00 (yes, a couple more cents will filter through), for a 24 hour avg. of about $12. Are you kidding me? At Scyptguild or Clevermining the payout (again on average) is TWICE that! While I like the Coinking UI, I also have built in radar for being ripped off, and my alarms went off.

How do you exchange your mined coins? If you use their auto-exchange service, it only exchanges your mined coins for BTC once every 6h. By that time, profitability has dropped a lot (especially if you include confirm time).
If you use CoinKing make sure you have it auto-depositing to an exchange & auto-selling it (like Cryptsy). It will give you better results using Coinking, and closer to what they claim to get. Their numbers are based upon the price at the moment you're mining it, even excluding confirm time.

SirChiko

legendary

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It's probably just cuz they are finding less blocks lately? Roll Eyes

coinking.ioo

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Feel free to contact us if u have any problems buddy before you use bad words on our name.

[email protected]
irc.freenode.org - #coinking
or here via PM

cosmicapex

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FWIW I've been mining X11 there for a while with no complaints, profitability has been consistent with most other pools.

bozo333

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Quote from: mikeobrien123 on June 19, 2014, 02:15:02 PM

I averaged about 4-7mhash at CoinKing yesterday to check them out. Payout was 0.004btc. Clevermining Payout was 0.014btc at 3-6mhash throughout the day... Doesn't seem right...I guess it's not a very long test to be fair...

In my opinion, with the 'mine most profitable coins' feature you don't need to invest days to see how well a pool works. If the result is much worse than just mining dogecoin or litecoin by itself something is not right. You just confirmed my suspicion about coinking...
i rest my case.

mikeobrien123

newbie

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I averaged about 4-7mhash at CoinKing yesterday to check them out. Payout was 0.004btc. Clevermining Payout was 0.014btc at 3-6mhash throughout the day... Doesn't seem right...I guess it's not a very long test to be fair...

flound1129

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www.multipool.us

Quote from: bozo333 on June 19, 2014, 07:37:23 AM

Yesterday I got a new A2 script machine with a Corsair HX1050 PSU....it runs on avg. at 29+mhs as reported by the sw, somewhat less at the pool. I let it mine at Coinking for about 8 hours using the 'most profitable' coin setting. Just tallied my confirmed and unconfirmed earnings, which will only be about $4.00 (yes, a couple more cents will filter through), for a 24 hour avg. of about $12. Are you kidding me? At Scyptguild or Clevermining the payout (again on average) is TWICE that! While I like the Coinking UI, I also have built in radar for being ripped off, and my alarms went off.

It's possible they were mining LTC for some or all of the time you were connected, for which it seems they haven't found a block yet.

That said they do report very high profits (via poolpicker.eu) for a pool that mines mostly DOGE.

bozo333

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