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

[mikeybit]

I really don't understand peoples' blind acceptance of what H20 tells us.  We have all invested money into rigs, some more than others.  We are all trying to make a profit by mining here.  Yes, free markets will ultimately prevail and people will leave in droves if issues aren't resolved.  About half of the current pool is here right now because of what happened at Hashco.ws

However, more and more auto-switching pools are popping up and people will make up their own minds about where to send their hashpower.  Middlecoin has the advantage of being first to market; once that allure is gone, people will feel less inclined to stick around if the profits or payouts don't seem right.

I would also really like to hear what is truly meant by "refund" or "change" with bitcoin transactions.  We're not exactly talking about $0.50 here.  A lot of manipulation is possible by h20 since we have absolutely 0 transparency.  I have been fine with it for months, but people are raising valid red flags and we're not getting any explanation.  We're not sheep, and I think we ought to know where our money and electricity is going....

[jorgb]

1. true
2. true, strange you don't. Check my new address on http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1JDHL5WhHNrg4HrNksnF7S1ChGVYYUkjVC.html
3. There i was just kidding. Man, what did I got a lot of PM's :-D

Hehe +1  

[sykal]

Yes, using a ASIC miner :-). Got 4 of them.

Your nick fits perfect - lot of mimimi in your posts:)

1. you ask for an fix as you have 200kH an lot of powerbills
2. short after the fix is out you told us that you aspekt many rejected on the us server (170 ping), i can say that i dont have that many after H2Os fix (ping 210)
3. now you have ASIC and noone know that there is such thing for scrypt

whats next ?

1. true
2. true, strange you don't. Check my new address on http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1JDHL5WhHNrg4HrNksnF7S1ChGVYYUkjVC.html
3. There i was just kidding. Man, what did I got a lot of PM's :-D

that's some sick hash right there.
That would be about 26 mining rigs with 4 R9-270x cards in each. (about 25k worth of hardware)

[Archer13]

Got 5.48% rejected on US server. Ping ~200-220.

[mikeybit]

Yes, using a ASIC miner :-). Got 4 of them.

Your nick fits perfect - lot of mimimi in your posts:)

1. you ask for an fix as you have 200kH an lot of powerbills
2. short after the fix is out you told us that you aspekt many rejected on the us server (170 ping), i can say that i dont have that many after H2Os fix (ping 210)
3. now you have ASIC and noone know that there is such thing for scrypt

whats next ?

1. true
2. true, strange you don't. Check my new address on http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1JDHL5WhHNrg4HrNksnF7S1ChGVYYUkjVC.html
3. There i was just kidding. Man, what did I got a lot of PM's :-D

that's some sick hash right there.
That would be about 26 mining rigs with 4 R9-270x cards in each. (about 25k worth of hardware)

Your math is a bit off: 4 * 26 = 104 * 450 kh/s = 46800 kh/s. 

[Firebug24k]

Yawn... I know where my hashes and electricity is going... into my bitcoin wallet.  If I'm not happy, I'll move on to a different pool instead of whining.

[gtraah]

I really don't understand peoples' blind acceptance of what H20 tells us.  We have all invested money into rigs, some more than others.  We are all trying to make a profit by mining here.  Yes, free markets will ultimately prevail and people will leave in droves if issues aren't resolved.  About half of the current pool is here right now because of what happened at Hashco.ws

However, more and more auto-switching pools are popping up and people will make up their own minds about where to send their hashpower.  Middlecoin has the advantage of being first to market; once that allure is gone, people will feel less inclined to stick around if the profits or payouts don't seem right.

I would also really like to hear what is truly meant by "refund" or "change" with bitcoin transactions.  We're not exactly talking about $0.50 here.  A lot of manipulation is possible by h20 since we have absolutely 0 transparency.  I have been fine with it for months, but people are raising valid red flags and we're not getting any explanation.  We're not sheep, and I think we ought to know where our money and electricity is going....

1+

I Agree on some points here, I am def no sheep!

Unfortunately its a risk that we in this pool accept on taking and no one but h2o and maybe a few others know what really goes on in the back end, I guess its about trust by seeing results and eventually if the results are not good you will naturally leave. But even if something has happened or is happening. I don't think most will ever even realize as it will be in small increments over time.

No one can really say his been scamming or anything like this as there is no proof.. The ONLY thing you can do is leave, this is really the only power you have here.

[hodger]

I really don't understand peoples' blind acceptance of what H20 tells us.  We have all invested money into rigs, some more than others.  We are all trying to make a profit by mining here.  Yes, free markets will ultimately prevail and people will leave in droves if issues aren't resolved.  About half of the current pool is here right now because of what happened at Hashco.ws

However, more and more auto-switching pools are popping up and people will make up their own minds about where to send their hashpower.  Middlecoin has the advantage of being first to market; once that allure is gone, people will feel less inclined to stick around if the profits or payouts don't seem right.

I would also really like to hear what is truly meant by "refund" or "change" with bitcoin transactions.  We're not exactly talking about $0.50 here.  A lot of manipulation is possible by h20 since we have absolutely 0 transparency.  I have been fine with it for months, but people are raising valid red flags and we're not getting any explanation.  We're not sheep, and I think we ought to know where our money and electricity is going....

For me, it's as much about gut feeling as anything else.  Perhaps he's being dishonest (there's always that chance), but right now, it doesn't feel like that to me.  Perhaps I'm too trusting, but short-term, that's enough to satisfy me.

[kalus]

Yawn... I know where my hashes and electricity is going... into my bitcoin wallet.  If I'm not happy, I'll move on to a different pool instead of whining.

+1

I really don't understand peoples' blind acceptance of what H20 tells us.

DAILY PAYOUTS

We're not exactly talking about $0.50 here.  A lot of manipulation is possible by h20 since we have absolutely 0 transparency.  

DAILY PAYOUTS

We're not sheep, and I think we ought to know where our money and electricity is going....

DAILY PAYOUTS

just because you can look up a blockchain doesn't mean you have the intrinic right to go through another company's private finances. all you are here for is to send valid hashes and make money.

middlecoin is privately held, and neither a publicly-traded company, nor a non-profit.  becuase it is a privately held company, you have no business asking about their books, nor do they have to say anything about how the money is handled.  they have been forthcoming with everything, and have exceeded reporting requirements for a USA private corporation.

If that level of disclosure is insufficient, as you said there are lots of sites to choose from.  keep looking for the one that you can trust.  please stop trying to change this one, becuase it's working for most of us.

[LPCobris]

Hi Guys!
I don´t get all those hate to h02...
Nobody is forced to mine on his pool!

I for one don´t care about all this nonsense of him stealing his own pool!
Im no pro at coin propection, and i need some "broker" that do that for me... Choose the best coins and get the best profit...
I for one im very happy with this service and pool... the 3.4% that h02 takes is pretty fair and i hope he keeps the good work.

As for MIMIMiner... nobody didn´t notice he was joking? LOL
PPL Relax a little please!

To close my post i need a little help interpreting the graphics...
I know that the red line is the payments, but what about the green bars and the light blue bars? What does they mean?
Thanks in advance for all the help clarifing this doubts...



With my best Regards,

LPC

[hodger]

Finally, I came across something very concerning regarding middlecoin. I was testing a new Wifi connection from a local provider (as a backup to wired connecrtivity). It turns out that they block middlecoin - if you try to access the web page, you just get a message - "This site has been blocked. Reason: Contains images of child abuse, or links to child abuse/pornography". I tested access to the pool ports, and they were all blocked as well. I'm guessing that this is a false positive. However, I did call the wifi provider's tech support to ask, and they said, they simply said that they can't unblock it because of illegal material.

The problem seems to be that some overaggressive filter is finding something it doesn't like. I wonder if maybe one of the bitcoin addresses in the list has been implicated in something illegal. Perhaps there might be some benefit in part censoring the addresses, or purging idle addresses from the default list.

It could be much stupider than that. Middlecoin's main page hosts a particularly large number of BTC addresses. Search the addresses to find "porn," "cp," "age," and "kid." There are probably other "trigger words" in there, too. I'd guess if a script finds too many on one page, it blocks access.

Tech support guy you talked to is an idiot either way, though (or just really lazy).

I've also seen blocks like this applied against a domain, which in the case of Amazon hosting (which at least some of middlecoin pages seem to be hanging off at the mo) would cover a lot of sites under the same top level domain.

[sykal]

Yes, using a ASIC miner :-). Got 4 of them.

Your nick fits perfect - lot of mimimi in your posts:)

1. you ask for an fix as you have 200kH an lot of powerbills
2. short after the fix is out you told us that you aspekt many rejected on the us server (170 ping), i can say that i dont have that many after H2Os fix (ping 210)
3. now you have ASIC and noone know that there is such thing for scrypt

whats next ?

1. true
2. true, strange you don't. Check my new address on http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1JDHL5WhHNrg4HrNksnF7S1ChGVYYUkjVC.html
3. There i was just kidding. Man, what did I got a lot of PM's :-D

that's some sick hash right there.
That would be about 26 mining rigs with 4 R9-270x cards in each. (about 25k worth of hardware)

Your math is a bit off: 4 * 26 = 104 * 450 kh/s = 46800 kh/s. 

lol oops

ur right

jesus. Who in gods name has space for 82 4-GPU rigs???

[gtraah]

Yes, using a ASIC miner :-). Got 4 of them.

Your nick fits perfect - lot of mimimi in your posts:)

1. you ask for an fix as you have 200kH an lot of powerbills
2. short after the fix is out you told us that you aspekt many rejected on the us server (170 ping), i can say that i dont have that many after H2Os fix (ping 210)
3. now you have ASIC and noone know that there is such thing for scrypt

whats next ?

1. true
2. true, strange you don't. Check my new address on http://middlecoin2.s3-website-us-west-2.amazonaws.com/reports/1JDHL5WhHNrg4HrNksnF7S1ChGVYYUkjVC.html
3. There i was just kidding. Man, what did I got a lot of PM's :-D

that's some sick hash right there.
That would be about 26 mining rigs with 4 R9-270x cards in each. (about 25k worth of hardware)

Your math is a bit off: 4 * 26 = 104 * 450 kh/s = 46800 kh/s. 

lol oops

ur right

jesus. Who in gods name has space for 82 4-GPU rigs???

Ummm Why R9 270?  have you heard of R9 280 or 290? These can hash upto 750-900KHs Max... This is the card he uses  R9 290, as he stated to me, and they should comfortably hash at 850Khs ongoing. I have the R9 280 at 750KH comfortably

[Girhes]

MiMiMiner actually has rigs with 3x290s I think.

[mardilv]

Hi Guys!
I don´t get all those hate to h02...
Nobody is forced to mine on his pool!

I for one don´t care about all this nonsense of him stealing his own pool!
Im no pro at coin propection, and i need some "broker" that do that for me... Choose the best coins and get the best profit...
I for one im very happy with this service and pool... the 3.4% that h02 takes is pretty fair and i hope he keeps the good work.

As for MIMIMiner... nobody didn´t notice he was joking? LOL
PPL Relax a little please!

To close my post i need a little help interpreting the graphics...
I know that the red line is the payments, but what about the green bars and the light blue bars? What does they mean?
Thanks in advance for all the help clarifing this doubts...

http://img809.imageshack.us/img809/4710/1gmw.png

With my best Regards,

LPC

Red - earned BTC
Light blue - worth of mined coins in BTC but not yet converted/exchanged to BTC
Light green - worth in BTC of mined coins which have yet to mature before they can be exchanged to BTC

Dark blue - accepted hashrate
Orange - rejected hashrate
Dark green line - last 3h average hashrate

[2Alpha]

btw can the owner of http://www.bfpcoin.com/middle-coin-web.php please fix his stats-

Looks like when the btc value goes above 1k, it sets it to $1 instead, which in turn screws up all the stats below it.

-- UPDATE -- This has been corrected thank you for letting me know about the issue.

Disregard my PM to you I have been able to replicate it and am working on a fix right now.

[petabytecoin]

Wow look at the tantrum. Why would someone keep mining on a pool where they thought they were being ripped off?? If I wasn't reliably making more than ltc mining, converted for me, with daily deposits, I'd be gone. Until those daily payouts don't show up, or there is a significant divergence from the outputs of my single coin pool rigs, I don't see it as a scam. If it was a scam, it is big enough now to pump the total btc output for a few days and be happy for a very long time.

This isn't about middlecoin vs. LTC, it's about middlecoin vs hashco.ws/Multipool/poolwarz.com etc. Smug people saying "well I'm getting paid more than LTC" need to think a little harder about the sentence I wrote prior to this one. I was there to witness Clipse's shady bonus pool and the ultimate end of that. You guys blindly trusting pool operators on the basis of past results are pretty naive.

That said, I think h20 is smart enough to know that by being honest he'll make more money doing so, by grabbing more market share and outlasting the competition. And I think it's innocent until proven guilty, so get off h20's case already and just look at the results. Math speaks for itself. Split your hash power to other similar pools for a while and compare the results after a week, for instance, and keep doing that once in awhile. If the biggest miners leave this pool, you should leave as well, because they have the kind of hashrate to discover something wrong way sooner than smaller miners.

[knybe]

anyone know whet's the story with this?

Alpha Technology Announces First Ever Litecoin ASIC Miner

or this?

[ANN] Fibonacci SCRYPT ASIC Litecoin LTC Miners - Datasheet Posted

[Biggen]

Where you been knybe?  That stuff about Alpha Tech is weeks old.

[Kluge]

anyone know whet's the story with this?

Alpha Technology Announces First Ever Litecoin ASIC Miner

or this?

[ANN] Fibonacci SCRYPT ASIC Litecoin LTC Miners - Datasheet Posted

Waddya mean? Scrypt is ASIC-resistant, not ASIC-proof. They won't have near the effect as ASICS are having on BTC/SHA256. You can just look at the pre-order #s -- upfront, they're more expensive than GPUs, so they're more like the early FPGAs in BTC.