Topic: Merge Mining Scrypt Coins - Get 4 times your hash power! DOGE/LTC/DGC/CAT/42 (Read 5932 times)

The OP still lists ORG as a viable coin.  That coin died the day it came out.  Anyone offering to mine or sell you orgcoin is a scammer.

I just pointed one of my boxes there as a test and it would not even connect  - using the instruction they supply - not impressed at all.

as stated earlier you can getting more or less a quarter more out as litecoin mining thanks to TOTAL merged mining. In no way 4xtimes more, keep in mind.

cany one comment on recent average payouts per/mh for this pool?

Yeah, I have been using this pool for about a month, I really don't know what is so damn hard for people to understand. The guy that compares how much he got vs solo mining the coin is missing the entire point, of course you'd get more of the main-chain coins just solo mining. Your hash is split up over the main coins, like litebar only gets 2% of total hash power. The sec-chain coins like USC get 100%.

And there is no way to 'choose' a main coin, you mine them all, whether a wallet is configured or not, I would like it to have normal hash-power per coin and stuff like that but it does have a block list for all the coins (except LEAF for some reason.... I guess they haven't gotten around to adding it to the site yet). At only 380kH/s I am getting around 0.0047 btc a day, when I was solo mining DOGE I was getting about 0.0035 btc a day. So overall I am making more money than I was solo mining coins.

Sometimes it will take a very long time to get paid, like DOGE for example, I don't really know why this is but I only get paid any doge every 3-4 days, but its everything that I should have been paid throughout that time. And SPH and BUR have been set to only payout 2x per day do to too many transactions too quickly slowing up payment processing all around. The rejects have been taken care of by new code on the server side, I know get 0% rejects all around. You also get better hashrates from using the cgminer-3.7.2 by kalroth with the xIntensity settings, using this allowed me to set the gpu-threads to 2, cut the thread-concurrency to half, and increase my 350-80 kH/s to 380-420kH/s. So even if you don't use manicminer, I'd still suggest using the kalroth cgminer version for any coin, you'll get more power and there seems to be less load on the system and my card is actually 1C cooler than with just 1 thread and double the thread-concurrency.

This site is  not perfect by a long shot but I do like it, and the support is very responsive, I have emailed them several times with either problems or questions and they usually respond within a day unless it requires them to really dig into the logs.

I can say that I personally doubt that this is a scam, I seem to be getting paid what I should get paid based on the percentage of hash power that is suppose to be on each coin. If you look at it like all coins somehow get the same amount of hash then obviously you will think something is wrong because you can't understand what is actually going on. It's actually kind of sad to read all these posts by people whom I'd assume would actually know something about how cryptocoins works, but its a bunch of ignorance slapped about like gospel.

Sure the BUR, ORG, USC, FSC, are either not on an exchange or exchange for only 1 satoshi but that doesn't mean that they will -never- be on an exchange and will only ever be 1 satoshi, why not take the free coins? And LEAF is already on cryptsy, the price has bounced between 1 and 3 satoshi but doesn't mean it will always be that...

If you don't like the idea for whatever reason then you don't have to use the pool but tell people its a scam just because you can't do the math correctly is a pretty shitty move in book.

Very interesting. Any long term users of this pool can post reviews?

Looks like the site is charging 2 transaction fees to withdraw your coins. One the site keeps, on top of the transaction fee the coin charges.

+1

Orgcoin has a windows wallet now.

https://bitcointalksearch.org/topic/m.5560738

Exactly.  Im not sure if the dev is scamming or an idiot.  This is grossly inefficient.    Actually a net loss trying to mine too many coins at the same time.  Merge mining sucks, and ruined a lot a good sha256 coins.

wow actually a interesting post in this forum.

thanks!

I read that a lot here and it makes no sense. The market determines the price, and dictates what a coin is worth.

I don't see Orgcoin on manicminer.in but I remember them announcing over in our forums and I see some folks here saying they're getting some.

It looks like ManicMiner is using p2pool, if that's the case you need the following settings or you're going to see a lot of wasted/rejected hashes.

expiry=10, scantime=9 queuesize=0

If you still see > 10% rejects then turn your intensity down a bit.
Orgcoin has a 10 second block time, having your expiry higher than that means you're totally wasting hash power.
Also I'm not sure about mining USC & Org together they use the same pch message header and that could be confusing things.
In the next major release of Orgcoin that will be fixed, but we never expected to be merge mined with other merge mineable coins.

If you want a quick run down on how merge mining works look at namecoin or devcoin both of which are regularly merge mined with bitcoin.
To put it in it's simplest terms the mergemined coin is setup to accept the parent coins PoW as its own.  This is especially acceptable in instances where the child coin is quiet (not a lot of transactions going on). And it helps to make the coin far more resilient against 51% attacks since the child coin effectively gets the hashing power of the parent to protect it.

Right now at the time of this writing Orgcoin is trading for 200 satoshi on cryptorush.  We've never pumped this coin.  All promotion has been limited to 1 posting here and 1 over at cryptocointalk. 

We have some pretty lofty goals, and 100% of all profits each month are given to the charity, non-profit or good cause selected by our members.  Please see www.orgcoin.org for more details.  If you have any questions please feel free to hop in irc.freenode.net /join #orgcoin

Thanks everyone for the interest!

They aren't claiming that DGC, DOGE, LTC, or any of the "main" coins are merged. Only HUC, ORG, PTC, and USC are claimed as merged. USC and HUC at least are designed to be merge-mined. Don't know about the others without looking.

Nevertheless, this looks very scammy.

72 hours' test (which should be enough to sort out variance even if this is running p2pool underneath) at ~50Kh/s yielded:

DGC   0.34859148 vs ~5 elsewhere
DOGE   60.78225803 vs ~650    
LTC   0.00426753   vs ~0.04    
42   0.00000050   vs
CAT   0.03166796   vs 1
HUC   0 vs
PTC   0.94306607 vs    
ORG   0 vs    
POT   0 vs
USC   0.09437904 vs

The total of all that is about 0.00013645 BTC per day total for all coins and being very generous about a guesstimate at the value of USC.

That's about 9¢ per day for 50Kh/s. Coinwarz says 50Kh/s would yield 11¢/day on Catcoin, 32¢/day for 42, 22¢/day for LTC, 27¢/day for DOGE, or 14¢/day for DGC.

Bottom line: you'll get more value out of straight-up mining Catcoin, the worst performer of the bunch.

Maybe not a scam, maybe just incompetent.

I lost about 70¢ running this test. Hopefully it will save others the time of repeating the mistake with real hashpower.

This isn't how merged mining works. Coins need to patched (and therefore hardforked) for them to be merge mineable.

Namecoin example: https://github.com/namecoin/namecoin/blob/namecoinq/src/auxpow.cpp

Whatever is going on here, it certainly isn't merged mining.

I'm trying it too... but seems too shady (no way to visualize proper stats) and nor profitable 

Ended the experiment after 4 hours or so. Pool is unfortunately down as often as it's up, and as much as I love a good experiment I can't have my rigs losing mining time constantly. Even with a backup pool configured there's still way too much lost time and work.

Also it looks as though the merge-mined coins (HUC, ORG, PTC, USC) are essentially worth what you pay to mine them e.g. 0.00000006 BTC for ORG and USC doesn't even have an exchange.

Nice idea that will maybe mature into something worthwhile one day.

I make that about 0.00279 BTC in 16 hours, so extrapolate out to 24 hours = 0.004185 BTC for 1.4 MH/s = roughly 0.003 BTC per MH/s per day. That's around 1/3rd of what Wafflepool or Clevermining would return  

Edited to add: that calculation is slightly unfair as it doesn't account for pool downtime. So far I've seen a lot of up/down in CGMiner. There's also a good chance that profitability would increase considerably with a higher total hashrate to throw at the higher difficulty coins.

16 hours of mining on a 2.4 rig and i would have 6500 doge. I don't think this is worth it.

I did 1.4 mh/s for 16 hours so far and have this

Currency   Balance
42   0.00000297
DOGE   919.9153608
CAT   0
LTC   0.0061456
DGC   1.12782264
HUC   0
PTC   15.16324673
ORG   3291
USC   2.68625245


I'm not sure how much time it was on my backup pools but they show activity so I must have had trouble connecting to manicminer at some point.