I've been test mining at Middlecoin for about the past two weeks. I'm mining with a rock solid 3-card Sapphire 7950 rig, (all the exact same card, the 4L). The cards all hash at 597-598 each for a total of 1.8 MH/s. I have an additional 7950 hashing at 540 KH/s in another configuration. So my total hash is about 2.3 MH/s conservatively. Each is running on a "Stilt" BIOS optimization, Stilt rocks.
TOTAL HASH = 2.3 MH/s, temps kept below 70, a pro setup.
I use CGWatcher, I keep a close eye on everything. I review my logs 2-3 times per day. I reboot once per day. I'm getting a really absurd state/reject rate, sometimes as high as 12%, other times as low as 4-5%. useast.middlecoin.com is the best ping and seems to stay up most of the time. I failover, yes, I knows howz to do dat ... thanks.
There are 20 GH/s pointed at middlecoin.com, more than 1/3rd of all the hashing power available on the internet that is hashing either Litecoin or Dogecoin, that's a lot.
I think the entire Middlecoin system is pushed to the absolute limit and is near constant failure at all times ... and is going down often and we can see that in the data and with various tools. I wouldn't be surprised if they are rebooting servers often and pushing services around while they do that.
What an awesome VC opportunity, a dirty job, proven to be a money maker, (damn hard work), but relatively little glory.
If the VC would get their heads out of the clouds and then out of their asses and fund this guy, this operation, they could make some real money and do some good things for the CryptoCurrency industry.
So here's the wallet I'm testing with and the payments to date including today's recent payment:
http://i62.tinypic.com/jj89s6.jpgHere are the various links to the recently assembled statistics sites that have been posted to monitor the Middlecoin data provided from Middlecoin in their JSON feed:
http://mc.vegr.com/flotchart.php?BTC=1AAuGXD9yvUQvfTR2dvuuFLcBL4HYpRVWPhttp://middlestats.circlestorm.org/?target=1AAuGXD9yvUQvfTR2dvuuFLcBL4HYpRVWP&days=7http://vps.webbson.net/middlecoin/?wallet=1AAuGXD9yvUQvfTR2dvuuFLcBL4HYpRVWPI'm pulling my BTC address specific JSON to a google spreadsheet and after some analysis I see inaccuracy in the unexchanged portion of the earnings and what might should have been disbursed by this time, and it bother me, it bothers me a lot.
It's only a matter of time before somebody does the coding and the work that shows an aggregate and gross inaccuracy in the books such that, the client base will start seriously thinking that Middlecoin is fudging the books, big time, that's how business works, somebody is going to launch a competitor, that works slightly better, and then publish data which shows the grotesque inaccuracy in the Middlecoin disbursement system.
I'm not going to do several thousand dollars worth of programming and publishing to "be great" and prove anything, cause a stink, get yelled at, get tin foil hatted by a bunch of greedy miners who are lucky enough to be getting MUCH better pay for their hash ... I'm just going to publish my own, immediate findings with the comments that the Venture Capitalists in bitcoin VC funding in general are idiots if they cannot see how wildly profitable a Most Profitable Pool for BTC model can be, especially with an investment of several hundred thousand in hardware to build a Scrypt farm to mine for the venture to sustain and seed and maintain support for the operation.
I tell ya, there are some HARD HEADED Venture Capitalists out there, that's for sure.
From reading all of the pages in this thread I can see there are a lot of people that deeply suspect there is major books fudging going on in this operation. We can certainly observe the data and see there is some gross distortion in the amount of hash some people point at Middlecoin, and the amount of BTC they get out of that, and that's bad, no matter how you look at it, that's REAL bad.
And I understand the Middlecoin principals have big, big plans to roll out more and more servers, and I say "that's great", that's really "epic" ... man.
But you really should get your code in order, and get your basic services working worth a crap before you go "conquer the world" and be "great".
Garbage in, Garbage out. Add more servers, get MORE garbage in, and MORE garbage out.
It's a shame that such a profitable opportunity is being so poorly executed. And hey, if I were sitting on all the profits that Middlecoin has made so far, I wouldn't be worried much ... about anything, at all ... except, some VC coming along and plunking down a couple of million, and putting you out business in the blink of an eye.
