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

[foodies123]

I hope to god we're mining doge )
hascows has been mining it for 11 hours and has made about 30 mil coins that's about 16.5 ltc atm and they're still going

[pallas]

I hope to god we're mining doge )
hascows has been mining it for 11 hours and has made about 30 mil coins that's about 16.5 ltc atm and they're still going

will they be able to sell all those coins?

[foodies123]

I hope to god we're mining doge )
hascows has been mining it for 11 hours and has made about 30 mil coins that's about 16.5 ltc atm and they're still going

will they be able to sell all those coins?

well if h2o was able why wouldn't they be ? )

[envy2010]

Coinedup is the only DOGE exchange, and the market is not very liquid. If anyone knows exactly how h2o got rid of almost 200 BTC worth of DOGE, they aren't telling.

[exokk]

if you ask me -- I really don't care what we are mining on, if the earnings are good enough. And to be fair - they are right now. They really are

looking forward for (hopefully) the next big cashout this night!

Besides... if it would be public how he could get rid off so much dogecoin (assuming it was really doge), I think it would damage our earnings at the end

So I am saying: relax and enjoy the show until its over

[exokk]

Website shows a blank field on rejected mh/s for both cards that points to eu.middlecoin -----thanks! Thats awesome

[PartsUnkown46]

i usually got a substantial amount of rejected shares but with the eu server in the last couple hours zero. thank you for your hard work h20 and you derserve your fee

[2Alpha]

uhhmmm anyone worried the same way I am? With BTC dropping THAT hard (490$ right now; -30% last 24h and continuing) I am afraid to get an earning at all out of it.... since energy costs are quite high here (about 25ct per kwh).


hmmm I am aware of the fact that no one can really tell, but: What do you think? Is BTC going up to 1000$ again? Is it about to die anda nextgen coin will shine (maybe NXT)?

Well I don't panic with one course drop and will continue mining. anyway I am at least concerned.


#edit: 470$ thanks chinese government ......

One more thought my mind just crossed: if BTC will stay low that would mean less miners / more BTC for altcoin mining. So in the ultimate end would it may NOT affect our earnings at all, since we just get more BTC for the same hashrate?

Hi how accurate is the accepted mh/s on the website, been mining a few hours now but showing blank under the accepted column.

Thanks

well after hours you should not see a blank field! Is the rejected column blank, too? You should show us your cgminer/bfgminer call statement! There seems something wrong

The thing about crypto currency's is they are just like stocks on the stock markets around the world, news that some country does not support them will cause a rapid sale just like when some company has a bad experience then people sell off their stock because they think the company is going to tank. I have been in stocks for many years now and I have gone from one day having a very nice portfolio to the next day losing my ass because of sell off's and then the next day breaking even or making money.

Due to the fact that people fear that they will lose even some cash during a crash is what causes the crash in the first place, personally I think it will go back up will it hit $1200 peak in the next few months maybe but I am not 100% sure but it will still be worth money and as long as BTC is over $50 a coin I can run my machines and pay my power and still make money so I am not really worried about this flux in the market at this time.

[envy2010]

BTC has a habit of undershooting and overshooting a mean value, because it's not tied to anything of "fixed" value. If you look at its history, every bubble bursts, and the price then stabilizes at about half-way between the pre-bubble price and the max price. Then it stagnates for a while, and then goes on another bubble. Rinse and repeat.

If you look now, it's half-way between the $150 it sat at all summer, and the max price of $1100 or so. It will probably stay between $400 and $700 for a while, then slowly go back over $1000 again.

[jam3zs]

Hey guys,

I'm a bit of a noob to middlecoin, I've only been mining here a couple of days but it seems pretty awesome so far! Major props to H2o!

I do have a question though; I was trying to predict how much currency I'd be receiving each night but my calcs seem to be pretty off.
Can I simply do the following?:

(Immature Unexchanged Balance + Unexchanged Balance) - 3.88% ?

In fact I was doing this equation then dividing by the number of hours since the last payout to get an estimated mining rate but what I ended up with in my wallet was about two thirds of what I was expecting.

Or am I looking at this too simply?

[utlord]

Can confirm that EU server is working and rejected rate is much lower than on the US server. Thank you.

Im mining from Norway btw

[Pay87]

Can confirm that EU server is working and rejected rate is much lower than on the US server. Thank you.

Im mining from Norway btw

Are stats for eu servers also located at www.middlecoin.com ? 

[pindis]

after 9 hours of mining I have 512 rejected shares on the EU server. and no rejected MH/s... Well done h2o!!!!!

[envy2010]

Are stats for eu servers also located at www.middlecoin.com ? 

All the mining goes to the same pool. You can mine to both servers using the same username (address) and stats for both servers should show up at www.middlecoin.com. At least, that's what my testing shows.

[dgross0818]

H2O - would it be of any benefit (server off-loading) for any of us US folk to switch to the EU one too? Right now I'm losing around 350-500 kh/s or so on the US server. I'm not sure what spec your EU server is vs the US one, however, if it would help the stability of the US server, I'm sure a good number of us would switch over.

[envy2010]

Hey guys, I'm a bit of a noob to middlecoin, I've only been mining here a couple of days but it seems pretty awesome so far! Major props to H2o!

I do have a question though; I was trying to predict how much currency I'd be receiving each night but my calcs seem to be pretty off. Can I simply do the following?: (Immature Unexchanged Balance + Unexchanged Balance) - 3.88% ?

In fact I was doing this equation then dividing by the number of hours since the last payout to get an estimated mining rate but what I ended up with in my wallet was about two thirds of what I was expecting. Or am I looking at this too simply?

You will be paid your Balance (in the row next to your address on the main page) at the end of each day (around 2:30am UTC). Normally the Balance increases gradually throughout the day as alt-coins are automatically traded for BTC. The last couple days are unusually as the Unexchanged Balance has been manually exchanged at the end of the day and paid out.

If things continue as they have the last few days, you should most or all of the Unexchanged Balance converted to BTC balance and paid to you around 2:30 UTC. You don't have to subtract the fees, those are already taken out.

[envy2010]

For example, the pool is currently mining at a rate to hit 130 BTC worth of unexchanged alt-coins at the end of today. Assuming that the current hashrate and exchange rate holds, you should see approximately 0.03 BTC per MH/s.

If you are running, say, a single 280X at 700 kH/s all day, you should get around 0.02 BTC today, assuming everything keeps going.

[jamesc760]

BTC has a habit of undershooting and overshooting a mean value, because it's not tied to anything of "fixed" value. If you look at its history, every bubble bursts, and the price then stabilizes at about half-way between the pre-bubble price and the max price. Then it stagnates for a while, and then goes on another bubble. Rinse and repeat.

If you look now, it's half-way between the $150 it sat at all summer, and the max price of $1100 or so. It will probably stay between $400 and $700 for a while, then slowly go back over $1000 again.

For noob, envy2010 hit it right on the nail. Kudos!

[STT]

H2O - would it be of any benefit (server off-loading) for any of us US folk to switch to the EU one too? Right now I'm losing around 350-500 kh/s or so on the US server. I'm not sure what spec your EU server is vs the US one, however, if it would help the stability of the US server, I'm sure a good number of us would switch over.

The main benefit is load balancing.  So if USA is overloaded and you help to even the cause it could show better results for you but you should normally stick close to home.
   Saying that, NYC is not that many hops from Ireland

[utlord]

Can confirm that EU server is working and rejected rate is much lower than on the US server. Thank you.

Im mining from Norway btw

Are stats for eu servers also located at www.middlecoin.com ? 

Yes, my stats are showing on www.middlecoin.com while im connected to eu.middlecoin.com