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

[ckoeber]

I have some questions... when should I be able to see my statistics on one of the FAQ listed websites? How long do I need to be mining for so I can get some data? Also I have 112khash not much.. what payout should I expect in one day? I'm trying to figure out if this pool will be better than mining doge coin and other coins that frequent the top of coinwarz list.

When everything is working 100% you should be able to see statistics within 15 minutes. A quick trick to use is this:

Use the following URL and REPLACE the PUT-BITCOIN-ADDRESS-HERE text wioth your BitCoin address. Then paste the URL in the web browser:

http://www.middlecoin.com/reports/PUT-BITCOIN-ADDRESS-HERE.html

[n4tr0x]

i think middlecoins diff 1024 is too high for your hashrate.

maybe u should have a look on some vardiff pools?

[caution]

Keep in mind that the prices will drop significantly once all these coins are sold off. The exchanged balance is unusually high and the last time this happened, the exchanged value dropped significantly due to the large sell orders so unexchanged shouldn't be counted penny for penny as the price can fluctuate a good deal between now and when they are sold off.

exactly & why I hate seeing the unexchanged accumulate day after day.

Twitter
@middlecoinpool: The huge unexchanged is manual trades I need to import. Keep in mind that it's only an estimate.

that's what I was afraid of...

[ckoeber]

i think middlecoins diff 1024 is too high for your hashrate.

maybe u should have a look on some vardiff pools?

If, in the future, H20 can implement VARDIFF that will take this pool to a whole new level. You would need a monster system setup but profits would jump much higher; I bet even exponentially.

[kalus]

i think middlecoins diff 1024 is too high for your hashrate.

maybe u should have a look on some vardiff pools?

If, in the future, H20 can implement VARDIFF that will take this pool to a whole new level. You would need a monster system setup but profits would jump much higher; I bet even exponentially.

fixed difficulty is easier on server load.  VARDIFF is covered in the FAQ.

[coins101]

so much unexchanged. much rejects. no much server.

[ckoeber]

fixed difficulty is easier on server load.  VARDIFF is covered in the FAQ.

I understand that; that is why I was mentioning in the future if possible. I agree that VARDIFF is hard to implement but IF it was done we would get much better results on profit.

[ckoeber]

so much unexchanged. much rejects. no much server.

Wow, so even when the pool operator is saying he is working on the issue(s) you'll still complain, eh?

Now people know why good pools are hard to come by.

Who would want to deal with all of this?

[SheepOnDrugs]

so much unexchanged. much rejects. no much server.

Wow, so even when the pool operator is saying he is working on the issue(s) you'll still complain, eh?

Now people know why good pools are hard to come by.

Who would want to deal with all of this?

That's how humanity works. Sad but true, nothing is ever good enough.

[MrBobC]

Where is this IRC channel?

[artiface]

so which server would you choose now guys?

I am using useast. The payout situation from what I understand is affecting all servers but with useast I get high un-exchanged amounts based on what I mined.

So presumably my mining efforts are currently not in vain.

Keep in mind that the prices will drop significantly once all these coins are sold off. The exchanged balance is unusually high and the last time this happened, the exchanged value dropped significantly due to the large sell orders so unexchanged shouldn't be counted penny for penny as the price can fluctuate a good deal between now and when they are sold off.

Actually last time (Jan 31/Feb 1) the payout was higher once exchanged than the quoted unexchanged balance, for me at least.  H2O is very good about managing to get the best value for mined coins, which is why this pool is more profitable than other auto-exchanging pools in my experience.

[SheepOnDrugs]

so much unexchanged. much rejects. no much server.

Wow, so even when the pool operator is saying he is working on the issue(s) you'll still complain, eh?

Now people know why good pools are hard to come by.

Who would want to deal with all of this?

h2o is making $6000 + per DAY in his fees. I think ANYBODY in this thread would gladly "deal with all of this"

If you read his post history, he's been trying to make it so all servers get equal shares for like 6 months now and still NO progress.

Everyone's free to leave and switch to another pool.

[ckoeber]

h2o is making $6000 + per DAY in his fees. I think ANYBODY in this thread would gladly "deal with all of this"

If you read his post history, he's been trying to make it so all servers get equal shares for like 6 months now and still NO progress.

Servers may have been slightly different in mining but overall they were paying out fairly decent. On top of that as other commenters have noted many a times you get MORE for your mining time and hashrate versus other pools.

So, yes, he does pocket quite a sum but he provides a decent service as well.

So this is what I see:

1. A few problems have been identified.

2. He has repeatedly said he is working on fixed the issues (as far as I know the stability issues has been resolved for most servers) and for the other issues with payouts he is working to get the trades in that he does manually.

3. And, based on a few posts here, it seems that isn't fast enough or good enough.

Like if he doesn't fix a problem RIGHT NOW he is guilty, even if he repeatedly said he is working on it.

[Damnsammit]

I find it humorous that people who have no idea how difficulty or mining in general works, are acting as if they have the first clue about how to fix the complex issues that h2o is working on.

This thread is golden.  One of my absolute favorites to read on a daily basis.

[oinquer]

I was looking at the 1024 diff...and while people say it doesnt affect gains, it does slow the shares...

so when we are doing low dificulty coins what happens when a new block is found? i have to start calculating again and loose what i had done?

if its happening like this...its affects gains.

[nightengale]

The alt coin prices are down guys.  That is the main factor on why payouts are lower.  Last week at this time, Doge was above 200% profitability compared to LTC.

So if LTC is more profitable, why aren't we mining LTC?

[Catswold]

I find it humorous that people who have no idea how difficulty or mining in general works, are acting as if they have the first clue about how to fix the complex issues that h2o is working on.

This thread is golden.  One of my absolute favorites to read on a daily basis.

Heh!  Yeah, everyone of them "experts". . . "if only h2o would do what I say, then, THEN Middlecoin would be really fantastic."

Funny how none of these self-annointed "experts" never start their own pool.  Certainly with their superior knowledge and ideas, they would shut Middlecoin down simply due to the number of those currently mining on this pathetic pool instantly migrating to their much superior pool.

LOL!!!!

Whiners and Know-it-alls . . .

Pass the popcorn, wouldja?

[Damnsammit]

I was looking at the 1024 diff...and while people say it doesnt affect gains, it does slow the shares...

so when we are doing low dificulty coins what happens when a new block is found? i have to start calculating again and loose what i had done?

if its happening like this...its affects gains.

Yep.  Another person who has no idea how difficulty works...

Sad.

Difficulty could be 50,000 and it wouldn't affect gains in the long-term.  Unfortunately, the majority of the people on this thread think that "long-term" means 6-12 hours. 

Difficulty affects VARIANCE, it does not affect gains.

Learn what difficulty does first, then try to complain

[coins101]

so much unexchanged. much rejects. no much server.

Wow, so even when the pool operator is saying he is working on the issue(s) you'll still complain, eh?

Now people know why good pools are hard to come by.

Who would want to deal with all of this?

That's how humanity works. Sad but true, nothing is ever good enough.

well, actually, I haven't said anything negative. Just stating some facts.

In fact, I'm a big supporter. From zero to hero in a few months. Wish I could do what he has done.

[Damnsammit]

so much unexchanged. much rejects. no much server.

Wow, so even when the pool operator is saying he is working on the issue(s) you'll still complain, eh?

Now people know why good pools are hard to come by.

Who would want to deal with all of this?

That's how humanity works. Sad but true, nothing is ever good enough.

well, actually, I haven't said anything negative. Just stating some facts.

In fact, I'm a big supporter. From zero to hero in a few months. Wish I could do what he has done.

Don't worry bro.  It's hard for a lot of people to decipher sarcasm and Doge-speak. 

That mixed with the numerous complaints from ignorant people (not being offensive, look up the word if you are offended) that have no idea how servers, difficulty, or mining work thinking that h2o is half-assing this while "stealing" profits from the masses... it's part of what drives the comedic value of this thread and probably a key factor in why h2o steers clear of this thread.