[ANN] profit switching auto-exchanging pool - www.middlecoin.com

[limburatorul]

Thanks for clearing this out.
From the sounds of it its still a lot of work. Also you can't predict the time from whe a currency is more profitable to when its not. Thats not a statistic that can be calculated. Also taking in consideration the maturity of each coin. This can be calculated with +/- some minutes depending on the network hash rate and the coin but combined with the profitability window it gets slippery.

[panckage]

You are welcome.

From the sounds of it its still a lot of work.

Not really. H20 is making good money. This will increase his profits as well. The algorithm is known as "load balancing."  When the internet was first created the same algorithm was used to smooth things out.

Also you can't predict the time from whe a currency is more profitable to when its not. Thats not a statistic that can be calculated.

This is exactly what statistics is. You use statistics to calculate probabilities of what each coin will be worth at maturity. Back test over data and you can do quite well.

[Doom4535]

Panckage, are you suggesting making middlecoin into several pools and then spitting the miners up amongst them (such as middlecoin1, middlecoin2, middlecoin3) and having them all use middlecoin as the front end?  or are you talking about balancing the selling of mined coins (or both)?

[panckage]

Panckage, are you suggesting making middlecoin into several pools and then spitting the miners up amongst them (such as middlecoin1, middlecoin2, middlecoin3) and having them all use middlecoin as the front end? 

Yes that's it

[rocks]

Panckage, are you suggesting making middlecoin into several pools and then spitting the miners up amongst them (such as middlecoin1, middlecoin2, middlecoin3) and having them all use middlecoin as the front end?  

Yes that's it

I've been wondering why that isn't the default approach for awhile now.

It makes much more sense to spread out the hashing power over the top 4-5 coins, with weighting based on profitability (i.e. the 5 five coins could get: 30% then 25%, 20%, 15%, 10%). This way if the price drops on the coin you've been mining, the impact is much less.

It also utilizes the pool's hash rate better. For example let's say the target coin has a low hash rate around 50Mh/s, in this case allocating 100% of the pools 1.6Gh/s at the coin is no better than allocating 33% (around 500Mh/s), both will capture almost 100% of the coin's blocks, but this frees up hashrate for other coins as well.

[alexb___]

Panckage, are you suggesting making middlecoin into several pools and then spitting the miners up amongst them (such as middlecoin1, middlecoin2, middlecoin3) and having them all use middlecoin as the front end?  

Yes that's it

I've been wondering why that isn't the default approach for awhile now.

It makes much more sense to spread out the hashing power over the top 4-5 coins, with weighting based on profitability (i.e. the 5 five coins could get: 30% then 25%, 20%, 15%, 10%). This way if the price drops on the coin you've been mining, the impact is much less.

It also utilizes the pool's hash rate better. For example let's say the target coin has a low hash rate around 50Mh/s, in this case allocating 100% of the pools 1.6Gh/s at the coin is no better than allocating 33% (around 500Mh/s), both will capture almost 100% of the coin's blocks, but this frees up hashrate for other coins as well.

brillant! if middlecoin don't do it 1st, others will do!

[Eastwind]

Panckage, are you suggesting making middlecoin into several pools and then spitting the miners up amongst them (such as middlecoin1, middlecoin2, middlecoin3) and having them all use middlecoin as the front end?  

Yes that's it

I've been wondering why that isn't the default approach for awhile now.

It makes much more sense to spread out the hashing power over the top 4-5 coins, with weighting based on profitability (i.e. the 5 five coins could get: 30% then 25%, 20%, 15%, 10%). This way if the price drops on the coin you've been mining, the impact is much less.

It also utilizes the pool's hash rate better. For example let's say the target coin has a low hash rate around 50Mh/s, in this case allocating 100% of the pools 1.6Gh/s at the coin is no better than allocating 33% (around 500Mh/s), both will capture almost 100% of the coin's blocks, but this frees up hashrate for other coins as well.

This is a good idea if we are the only or major multipool. If other big pool only mine the highest profit coin, the highest weighting coin (most profitable) we are mining will also drop in profitability.

We can use a very small percentage of our hashing power for the lower difficulty but very profitable coins so that the difficulty will not rise dramatically.

[alexb___]

Panckage, are you suggesting making middlecoin into several pools and then spitting the miners up amongst them (such as middlecoin1, middlecoin2, middlecoin3) and having them all use middlecoin as the front end? 

Yes that's it

I've been wondering why that isn't the default approach for awhile now.

It makes much more sense to spread out the hashing power over the top 4-5 coins, with weighting based on profitability (i.e. the 5 five coins could get: 30% then 25%, 20%, 15%, 10%). This way if the price drops on the coin you've been mining, the impact is much less.

It also utilizes the pool's hash rate better. For example let's say the target coin has a low hash rate around 50Mh/s, in this case allocating 100% of the pools 1.6Gh/s at the coin is no better than allocating 33% (around 500Mh/s), both will capture almost 100% of the coin's blocks, but this frees up hashrate for other coins as well.

This is a good idea if we are the only or major multipool. If other big pool only mine the highest profit coin, the highest weighting coin (most profitable) we are mining will also drop in profitability.

We can use a very small percentage of our hashing power for the lower difficulty but very profitable coins so that the difficulty will not rise dramatically.

H20, what do you think of this. And is it technicaly not to complicated? it could dramaticly improve incoms no?

[h2odysee]

H20, what do you think of this. And is it technicaly not to complicated? it could dramaticly improve incoms no?

I looked at doing this a while ago, and wrote a lot of the code to do it. But it turned out to be a lot harder than I thought. I'll probably revisit it at some point. There are other priorities for now.

[mdewals]

How often is the frontpage updated? Been mining for roughly 10 hours now but I'm not showing up on the page yet. My miner did accept several shares.

[h2odysee]

How often is the frontpage updated? Been mining for roughly 10 hours now but I'm not showing up on the page yet. My miner did accept several shares.

It updates every 5 minutes or so.

I don't see any shares submitted by your address. Either accepted or rejected.

[mdewals]

I'm using guiminer

Server = other
host = middlecoin.com
port = 3333
username = 1LKrd1Ysa6a6DntcZYLfwdm7DKPTQVWR3u
password = blabla  (as it says it can be anything)


did I do anything wrong?? I have over 150 shares accepted

[h2odysee]

I'm using guiminer

You need to be using guiminer-scrypt, or some other scrypt-capable miner.

[limburatorul]

H2O, any word on the earnings drop this weekend?
Altcoins have regained some of the ground lost but doesn't seem earnings gone up.

[h2odysee]

H2O, any word on the earnings drop this weekend?
Altcoins have regained some of the ground lost but doesn't seem earnings gone up.

Part of it was a performance issue in one of my pools, which I have since fixed.

[limburatorul]

H2O, any word on the earnings drop this weekend?
Altcoins have regained some of the ground lost but doesn't seem earnings gone up.

Part of it was a performance issue in one of my pools, which I have since fixed.

Ok, thanks for the prompt fix.

[mdewals]

I'm using guiminer

You need to be using guiminer-scrypt, or some other scrypt-capable miner.

can you see me now?? guiminer-scrypt didn't like my Nvidia cards so trying Multiminer now at slow speed. Otherwise I'll have to wait until my ATI card arrives.

[limburatorul]

I'm using guiminer

You need to be using guiminer-scrypt, or some other scrypt-capable miner.

can you see me now?? guiminer-scrypt didn't like my Nvidia cards so trying Multiminer now at slow speed. Otherwise I'll have to wait until my ATI card arrives.

You're still not on the page. Give it a bit. If everything is set right you should appear.

[mdewals]

Yeah, I think I have to wait until my ATI card arrives. Hopefully the mailman will bring it today 

[Bipity Bupity]

Hello, im noticing something weird since at least 6-7 days.. ive read in this thread there were problems with some immature unexchanged coins that could take up to 3 days to mature and to be payed out in bitcoin..
im mining since the last days of november with a 1.2MH/s rig, 24/7 except for some small breaks to change the cgminer configs.
i noticed that more or less with this rig i get 0.035 btc every day, sometimes 0.037, sometimes 0.034, but always around 0.030. the first days i was getting way less bitcoins, but after a while with the right configs i was getting 0.03xxxx every day.

more or less a week ago i noticed a huge drop in my earnings , since the 2nd of december i never recieved 0.03xxx again, in fact it happend only once since that day.
i constantly see that some immature unexchanged coins are stuck there, its more or less 0.01 bitcoins. During the day that number grows to lets say 0.018 and after a while the newest coins are correctly being exchanged (the 0.008 in this example), but that 0.01 simply doesnt move from there.. i know some scrypt coins take 3 days to mature, and maybe there are coins that take 5 days, but im 100% sure that no coin takes 10 days or more to mature.. correct me if im wrong please. i also remember that in the first days/weeks i never saw the immature unexchanged coins staying there for more than one day..

i would like to know whats happening, since it doesnt seem to be affecting only me, the other users with the same kh/s as me in the tab got more or less the same ammounts i do in all 3 rows..

i cant explain to myself why im getting out half of the bitcoins i used to.. the gpu are even going a little faster than before..i can recall two or three times that my rig was down for a couple of hours because i was working on it, and im not complaining that in those days i was getting less bitcoins, because thats obviously because i didnt mined for 24 hours straight. the payouts of 0.03xxx happend when the rig was running no-stop for days, like in this moment. Its running no-stop since at least six days but my last payouts are only 0.28xxx, 0.013xxx, 0.014xxx.


thank you for middlecoin, its a great pool, i really hope it goes back to what it was two weeks ago..