Mining an ALT for BTC? | Bitcointalksearch.org

Wusolini

legendary

Activity: 1190

Merit: 1000

no need to carry heavy money bags anymore

Quote from: thephill97 on February 09, 2014, 12:55:12 PM

Quote from: Sonny on February 09, 2014, 12:52:29 PM

Quote from: thephill97 on February 09, 2014, 12:48:40 PM

Quote from: Sonny on February 09, 2014, 12:37:16 PM

Quote from: thephill97 on February 09, 2014, 11:18:21 AM

Quote from: InCoinsITrust on February 09, 2014, 10:54:59 AM

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

I looked into Multipool and noticed they just have automatic servers that mines, at this point in time, DogeCoin. If I use one of their automatic servers will I get DogeCoins or BTC?

If you use middlecoin, you would get bitcoin directly.

Quote

Middlecoin
This pool automatically mines the most profitable scrypt coin, automatically exchanges those coins for bitcoins, and pays out entirely in bitcoins.

So, I've taken a look at MiddleCoin and that sounds much better, I've started mining correctly. But how do I know if I have enough to cash-out? (I know it does it automatically but It'd be nice to know?) Is that possible, or do I justl eave it running?

You can find your stat in this page.
http://www.middlecoin.com/allusers.html

Thank you. I guess I'm not on there yet because I haven't mined long enough.

middlecoin tweets quite often reports that stats are frozen.
For me it took about 6 hours to see my address in stats. ( joined right in time of some outage )

P.S. I found more useful to check balance at stratehm.net (you do not need to wait when all users stats are loaded)
there are more charts like middlecoin.info or middlestats.circlestorm.org (here you can see even 30 days to the past)

Quote from: thephill97 on February 09, 2014, 12:01:18 PM

Quote from: Omikifuse on February 09, 2014, 11:52:55 AM

Quote from: thephill97 on February 09, 2014, 10:02:22 AM

I'm looking to mine an ALT with my GPU. However, I'm then interested in selling it for BTC. What should I mine and what pool?
Edit: I've started to mine MaxCoin, is this good? It's new so I thought it might get somewhere?

Mutipool is the best so far. Or you can try switchercoin which pay out in Litecoin instead..

Right now I'ver got 9.3604 unconfirmed DogeCoins from mining. How do I get these confirmed at to BTC? I'm using Multipool.

you won't. you need to withdraw and sell them by yourself. Multipool does not sell alt coins for you ( middlecoin does )

GAML

full member

Activity: 214

Merit: 100

Quote from: InCoinsITrust on February 09, 2014, 10:54:59 AM

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

Hashcows is really good too. Same system as those 2. They auto mine the most profitable currency, sell them for you and send you the bitcoin. These sites can also be trusted because people analyse the blockchain and they do pay out fairly and don't steal peoples BTC

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: thephill97 on February 09, 2014, 01:31:18 PM

I don't believe I'm mining this too well. Whilst I was mining on Multipool, I got a message every 30 seconds or so saying accepted. However, on MiddleCoin, I get that message every 10 minutes or so. Is this a problem or is it normal?

Here is what I found on the faq section.
http://www.middlecoin.com/faq.html

Quote

Do you use a variable difficulty?
No. The difficulty is static at 512. This reduces my server load.

Does having a difficulty as high as 512 reduce my profits?
No. The only downside is that it increases your very short-term variance since you'll only find a share every minute or so on a 1 MH/s rig. There is misinformation on the bitcoin forum stating that a high difficulty reduces your profit if you have a slow GPU. This is untrue. It has no influence on your profit.

So, basically you will find shares less often, and each shares will give you more bitcoin.
Your expected revenue will be the same, but the variance will be higher.

thephill97

member

Activity: 70

Merit: 10

Quote from: Sonny on February 09, 2014, 01:25:38 PM

Quote from: thephill97 on February 09, 2014, 12:55:12 PM

Quote from: Sonny on February 09, 2014, 12:52:29 PM

Quote from: thephill97 on February 09, 2014, 12:48:40 PM

Quote from: Sonny on February 09, 2014, 12:37:16 PM

Quote from: thephill97 on February 09, 2014, 11:18:21 AM

Quote from: InCoinsITrust on February 09, 2014, 10:54:59 AM

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

I looked into Multipool and noticed they just have automatic servers that mines, at this point in time, DogeCoin. If I use one of their automatic servers will I get DogeCoins or BTC?

If you use middlecoin, you would get bitcoin directly.

Quote

Middlecoin
This pool automatically mines the most profitable scrypt coin, automatically exchanges those coins for bitcoins, and pays out entirely in bitcoins.

So, I've taken a look at MiddleCoin and that sounds much better, I've started mining correctly. But how do I know if I have enough to cash-out? (I know it does it automatically but It'd be nice to know?) Is that possible, or do I justl eave it running?

You can find your stat in this page.
http://www.middlecoin.com/allusers.html

Thank you. I guess I'm not on there yet because I haven't mined long enough.

No problem.
I believe the stat is updated every hour or so.

I don't believe I'm mining this too well. Whilst I was mining on Multipool, I got a message every 30 seconds or so saying accepted. However, on MiddleCoin, I get that message every 10 minutes or so. Is this a problem or is it normal?

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: thephill97 on February 09, 2014, 12:55:12 PM

Quote from: Sonny on February 09, 2014, 12:52:29 PM

Quote from: thephill97 on February 09, 2014, 12:48:40 PM

Quote from: Sonny on February 09, 2014, 12:37:16 PM

Quote from: thephill97 on February 09, 2014, 11:18:21 AM

Quote from: InCoinsITrust on February 09, 2014, 10:54:59 AM

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

I looked into Multipool and noticed they just have automatic servers that mines, at this point in time, DogeCoin. If I use one of their automatic servers will I get DogeCoins or BTC?

If you use middlecoin, you would get bitcoin directly.

Quote

Middlecoin
This pool automatically mines the most profitable scrypt coin, automatically exchanges those coins for bitcoins, and pays out entirely in bitcoins.

So, I've taken a look at MiddleCoin and that sounds much better, I've started mining correctly. But how do I know if I have enough to cash-out? (I know it does it automatically but It'd be nice to know?) Is that possible, or do I justl eave it running?

You can find your stat in this page.
http://www.middlecoin.com/allusers.html

Thank you. I guess I'm not on there yet because I haven't mined long enough.

No problem.
I believe the stat is updated every hour or so.

thephill97

member

Activity: 70

Merit: 10

Quote from: Sonny on February 09, 2014, 12:52:29 PM

Quote from: thephill97 on February 09, 2014, 12:48:40 PM

Quote from: Sonny on February 09, 2014, 12:37:16 PM

Quote from: thephill97 on February 09, 2014, 11:18:21 AM

Quote from: InCoinsITrust on February 09, 2014, 10:54:59 AM

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

I looked into Multipool and noticed they just have automatic servers that mines, at this point in time, DogeCoin. If I use one of their automatic servers will I get DogeCoins or BTC?

If you use middlecoin, you would get bitcoin directly.

Quote

Middlecoin
This pool automatically mines the most profitable scrypt coin, automatically exchanges those coins for bitcoins, and pays out entirely in bitcoins.

So, I've taken a look at MiddleCoin and that sounds much better, I've started mining correctly. But how do I know if I have enough to cash-out? (I know it does it automatically but It'd be nice to know?) Is that possible, or do I justl eave it running?

You can find your stat in this page.
http://www.middlecoin.com/allusers.html

Thank you. I guess I'm not on there yet because I haven't mined long enough.

MoneyGod

sr. member

Activity: 406

Merit: 250

Quote from: Sonny on February 09, 2014, 12:52:29 PM

Quote from: thephill97 on February 09, 2014, 12:48:40 PM

Quote from: Sonny on February 09, 2014, 12:37:16 PM

Quote from: thephill97 on February 09, 2014, 11:18:21 AM

Quote from: InCoinsITrust on February 09, 2014, 10:54:59 AM

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

I looked into Multipool and noticed they just have automatic servers that mines, at this point in time, DogeCoin. If I use one of their automatic servers will I get DogeCoins or BTC?

If you use middlecoin, you would get bitcoin directly.

Quote

Middlecoin
This pool automatically mines the most profitable scrypt coin, automatically exchanges those coins for bitcoins, and pays out entirely in bitcoins.

So, I've taken a look at MiddleCoin and that sounds much better, I've started mining correctly. But how do I know if I have enough to cash-out? (I know it does it automatically but It'd be nice to know?) Is that possible, or do I justl eave it running?

You can find your stat in this page.
http://www.middlecoin.com/allusers.html

is this new coin in market middlecoin because I am hearing first time about this here on this forum

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: thephill97 on February 09, 2014, 12:48:40 PM

Quote from: Sonny on February 09, 2014, 12:37:16 PM

Quote from: thephill97 on February 09, 2014, 11:18:21 AM

Quote from: InCoinsITrust on February 09, 2014, 10:54:59 AM

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

I looked into Multipool and noticed they just have automatic servers that mines, at this point in time, DogeCoin. If I use one of their automatic servers will I get DogeCoins or BTC?

If you use middlecoin, you would get bitcoin directly.

Quote

Middlecoin
This pool automatically mines the most profitable scrypt coin, automatically exchanges those coins for bitcoins, and pays out entirely in bitcoins.

So, I've taken a look at MiddleCoin and that sounds much better, I've started mining correctly. But how do I know if I have enough to cash-out? (I know it does it automatically but It'd be nice to know?) Is that possible, or do I justl eave it running?

You can find your stat in this page.
http://www.middlecoin.com/allusers.html

thephill97

member

Activity: 70

Merit: 10

Quote from: Sonny on February 09, 2014, 12:37:16 PM

Quote from: thephill97 on February 09, 2014, 11:18:21 AM

Quote from: InCoinsITrust on February 09, 2014, 10:54:59 AM

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

I looked into Multipool and noticed they just have automatic servers that mines, at this point in time, DogeCoin. If I use one of their automatic servers will I get DogeCoins or BTC?

If you use middlecoin, you would get bitcoin directly.

Quote

Middlecoin
This pool automatically mines the most profitable scrypt coin, automatically exchanges those coins for bitcoins, and pays out entirely in bitcoins.

So, I've taken a look at MiddleCoin and that sounds much better, I've started mining correctly. But how do I know if I have enough to cash-out? (I know it does it automatically but It'd be nice to know?) Is that possible, or do I justl eave it running?

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: thephill97 on February 09, 2014, 12:01:18 PM

Quote from: Omikifuse on February 09, 2014, 11:52:55 AM

Quote from: thephill97 on February 09, 2014, 10:02:22 AM

I'm looking to mine an ALT with my GPU. However, I'm then interested in selling it for BTC. What should I mine and what pool?
Edit: I've started to mine MaxCoin, is this good? It's new so I thought it might get somewhere?

Mutipool is the best so far. Or you can try switchercoin which pay out in Litecoin instead..

Right now I'ver got 9.3604 unconfirmed DogeCoins from mining. How do I get these confirmed at to BTC? I'm using Multipool.

You can find the answer in the help section...

Quote

Q: Why do I have three balances?
A: The first balance is your confirmed balance, which is available for you to withdraw. The second is your unconfirmed balance, which is the amount you've earned for blocks that have been solved by the pool, but have not yet been paid out (the blocks are not yet confirmed in the blockchain). You can see which blocks are still waiting to be confirmed on the Pool Stats page.
The third balance (Estimate) is not really a balance at all, but an estimate of how much you would be paid for the current block if the block were to be found right now. You'll find that if you stop mining, the estimate will start to drop. This is because as more people submit shares, the number of shares submitted by you in the Last N shares starts to drop. If you continue mining at your current rate until the next block is found, the estimate should stay close to the same unless the pool hashrate increases substantially during the same time period.

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: thephill97 on February 09, 2014, 11:18:21 AM

Quote from: InCoinsITrust on February 09, 2014, 10:54:59 AM

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

I looked into Multipool and noticed they just have automatic servers that mines, at this point in time, DogeCoin. If I use one of their automatic servers will I get DogeCoins or BTC?

If you use middlecoin, you would get bitcoin directly.

Quote

Middlecoin
This pool automatically mines the most profitable scrypt coin, automatically exchanges those coins for bitcoins, and pays out entirely in bitcoins.

faiza1990

sr. member

Activity: 420

Merit: 250

★☆★777Coin★☆★

you can use also for all your mining and its one of good sites for script mining http://us.trademybit.com

thephill97

member

Activity: 70

Merit: 10

Quote from: Omikifuse on February 09, 2014, 11:52:55 AM

Quote from: thephill97 on February 09, 2014, 10:02:22 AM

I'm looking to mine an ALT with my GPU. However, I'm then interested in selling it for BTC. What should I mine and what pool?
Edit: I've started to mine MaxCoin, is this good? It's new so I thought it might get somewhere?

Mutipool is the best so far. Or you can try switchercoin which pay out in Litecoin instead..

Right now I'ver got 9.3604 unconfirmed DogeCoins from mining. How do I get these confirmed at to BTC? I'm using Multipool.

roy7

sr. member

Activity: 434

Merit: 250

There's also a new one

http://www.clevermining.com/

Has a very nice web interface, and auto converts the alt coins it mines into BTC for you so you get paid in BTC.

Omikifuse

legendary

Activity: 1792

Merit: 1009

Quote from: thephill97 on February 09, 2014, 10:02:22 AM

I'm looking to mine an ALT with my GPU. However, I'm then interested in selling it for BTC. What should I mine and what pool?
Edit: I've started to mine MaxCoin, is this good? It's new so I thought it might get somewhere?

Mutipool is the best so far. Or you can try switchercoin which pay out in Litecoin instead..

thephill97

member

Activity: 70

Merit: 10

Quote from: InCoinsITrust on February 09, 2014, 10:54:59 AM

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

I looked into Multipool and noticed they just have automatic servers that mines, at this point in time, DogeCoin. If I use one of their automatic servers will I get DogeCoins or BTC?

InCoinsITrust

member

Activity: 112

Merit: 10

You can try to use multipool, or middlecoin pool, they determine most profitable alt coin and trades it for BTC.

thephill97

member

Activity: 70

Merit: 10

I'm looking to mine an ALT with my GPU. However, I'm then interested in selling it for BTC. What should I mine and what pool?
Edit: I've started to mine MaxCoin, is this good? It's new so I thought it might get somewhere?

Topic: Mining an ALT for BTC? (Read 878 times)