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

[hardergamer]

sh*tty payout today, I love it! Because I want the china farmer gone, gone gone from this pool! I want the recent arrivals to leave as well! Be gone! This pool has grown TOO BIG TOO FAST, can't handle the stated objective. The longer you stay, the worse payouts will get. Go join the multipool, hashco.ws or mine LTC, PPC, TRC, DOGE, or other MORE PROFITABLE coins!!!

Won't be home to manage the rig for about 8 months. Perhaps you should leave and mine doge or not be a tool.

 "You guys should leave and stop making money because I want to make money."

That's the point.

why do you think that someone else's hashrate negatively affects your own payout?  more than one person has posted this, but it's not correct.

you get your share, and this is based on the daily fluctuating prices of not only the scrypt-alts we mine, but of bitcoin.  are you aware that bitcoin went from 700-1000-900 this week too?

smaller mining operations benefit from bigger ones being here, because it increases our overall pool's chance of finding blocks.  you're directly benefiting from the pool's additional hash rate. 

I agree with you to a point, but when you get to big like we are now, you cant mine the smaller coins, which can be the most profitable, and we are having problems selling all the coins to now..

[Raiden]

Trademybit.com works pretty well

It's not a auto-traded pool.Any auto-traded pool better than middlecoin？thx

[youngmathimus]

Trademybit.com works pretty well

It's not a auto-traded pool.Any auto-traded pool better than middlecoin？thx

They said they will have auto trade to btc or ltc by the end of the weekend. But its basically auto trade now if you set up cryptsy.

[Raiden]

Trademybit.com works pretty well

It's not a auto-traded pool.Any auto-traded pool better than middlecoin？thx

They said they will have auto trade to btc or ltc by the end of the weekend. But its basically auto trade now if you set up cryptsy.

OK，thx

[SimonG]

I also wants to see the chinise ultra miner gone from this pool until then I switch pool to trademybit. This pool is way to large now to mine the smaller more profitable coins.

10$ payment today is a joke. It was more than 2x before.

Right now the most profitable scrypt coin is Memecoin with a network hashrate of 244.81 MH. Middlecoin is more than 5000% larger than network hashrate.

[logi]

I apologize in advance if this is offtopic (and taking suggestions on where to move it if it is).
I was wondering about the inner workings of middlecoin.

If I understand this correctly, it switches to mining the most profitable coin by pointing its hashpower to one of the altcoin pools? Is there any way of knowing which pools those are?

Also, most alt pools (from what I can tell) are either PPS and take a percentage, or are PPLNS with 0%. So in case of a PPS alt pool are we effectively paying a compounded percentage (both to the altcoin pool and middlecoin)? Does PPLNS average out or is it less profitable than PPS for pool switching? If we are mining on PPLNS altcoin pools then we have a delay in receiving shares, so no immediate trading can occur?

[BombaUcigasa]

I apologize in advance if this is offtopic (and taking suggestions on where to move it if it is).
I was wondering about the inner workings of middlecoin.

If I understand this correctly, it switches to mining the most profitable coin by pointing its hashpower to one of the altcoin pools? Is there any way of knowing which pools those are?

Also, most alt pools (from what I can tell) are either PPS and take a percentage, or are PPLNS with 0%. So in case of a PPS alt pool are we effectively paying a compounded percentage (both to the altcoin pool and middlecoin)? Does PPLNS average out or is it less profitable than PPS for pool switching? If we are mining on PPLNS altcoin pools then we have a delay in receiving shares, so no immediate trading can occur?

No apologies needed, these are very good questions. middlecoin doesn't need to use other pools, it can just mine directly as a peer on those networks because of the huge hashpower, thus it gets 100% of the block payout with no fees for someone else. Some of the newer badly designed altcoins have to be mined directly on the network or the delays and latency of using another pool would cause a terrible payout percentage.

sh*tty payout today, I love it! Because I want the china farmer gone, gone gone from this pool! I want the recent arrivals to leave as well! Be gone! This pool has grown TOO BIG TOO FAST, can't handle the stated objective. The longer you stay, the worse payouts will get. Go join the multipool, hashco.ws or mine LTC, PPC, TRC, DOGE, or other MORE PROFITABLE coins!!!

hashco.ws sucks

People will think you're a hater, but I checked closely and yesterday hashcows switched to MNC just as it was switching difficulty UP, and mined there for 20 minutes for something like 40% payout compared to what was available just 5 minutes before. Multipool instead was mining 5 minutes before and picked up half a day's worth of coins in just 5 minutes for a nice 250% payout. There is definitely room for improvement.

[logi]

No apologies needed, these are very good questions. middlecoin doesn't need to use other pools, it can just mine directly as a peer on those networks because of the huge hashpower, thus it gets 100% of the block payout with no fees for someone else. Some of the newer badly designed altcoins have to be mined directly on the network or the delays and latency of using another pool would cause a terrible payout percentage.

Is there a minimal reasonable hashrate for direct mining, like 1% of network hashpower? Middlecoin is pretty big now, but I assume it started out small and used alt pools for mining at least for a while? I'm wondering how it got off the ground if it first had to use middle men.. or am I assuming too much, did it attract a lot of hashpower immediately?

[SimonG]

No apologies needed, these are very good questions. middlecoin doesn't need to use other pools, it can just mine directly as a peer on those networks because of the huge hashpower, thus it gets 100% of the block payout with no fees for someone else. Some of the newer badly designed altcoins have to be mined directly on the network or the delays and latency of using another pool would cause a terrible payout percentage.

Is there a minimal reasonable hashrate for direct mining, like 1% of network hashpower? Middlecoin is pretty big now, but I assume it started out small and used alt pools for mining at least for a while? I'm wondering how it got off the ground if it first had to use middle men.. or am I assuming too much, did it attract a lot of hashpower immediately?

It was less than 6000 Mh/s in middle of december. In october it was even lower.

[Vinz87]

Hi all, I would try to mine at this pool, but I read that the difficulty is fixed at 512. I can only reach 0.12 MH/s, so I would ask you: can I still mine with this hashrate and difficulty 512, or will I mine for hours without submitting any shares?
anyone has experience of mining with low hashrates and high difficulties?

[linked67]

Who is clever enough to make an andriod widget which displays our vital stats?  A version of this perhaps - http://bitcoinideal.eu/middlecoin/index.php?username=1M9B8YxAXRLzSR3J74kZe8uA18ZCQGZFCh

I have a "read to submit" app for the apple store.

Home page:


Details page:


I'll submit it today and it should take a week until apple aprove it...or not.

[SimonG]

Hi all, I would try to mine at this pool, but I read that the difficulty is fixed at 512. I can only reach 0.12 MH/s, so I would ask you: can I still mine with this hashrate and difficulty 512, or will I mine for hours without submitting any shares?
anyone has experience of mining with low hashrates and high difficulties?

You should try trademybit.com.

My estimated earnings are 30$ for 1.5 Mh/s hashrate. I'm not 100% this will be actual earnings though

[coin123123]

sh*tty payout today, I love it! Because I want the china farmer gone, gone gone from this pool! I want the recent arrivals to leave as well! Be gone! This pool has grown TOO BIG TOO FAST, can't handle the stated objective. The longer you stay, the worse payouts will get. Go join the multipool, hashco.ws or mine LTC, PPC, TRC, DOGE, or other MORE PROFITABLE coins!!!

That's what I thought, but I think it's incorrect.
Probably altcoin mining game is over, very soon it will not be profitable as it was till now.

Looking at coinwarz, there are no coins with more than 2000% profit over bitcoin,
two weeks ago there were about 15 coins which are above 3500% profit over bitcoin.

Guess the market is stabilizing and our mining game gets to an end.


EDIT: also litecoin until recently was 2500% over bitcoin, now its down to 1200%

[Vinz87]

Hi all, I would try to mine at this pool, but I read that the difficulty is fixed at 512. I can only reach 0.12 MH/s, so I would ask you: can I still mine with this hashrate and difficulty 512, or will I mine for hours without submitting any shares?
anyone has experience of mining with low hashrates and high difficulties?

You should try trademybit.com.

My estimated earnings are 30$ for 1.5 Mh/s hashrate. I'm not 100% this will be actual earnings though

so do you think with 0.12 MH/s and difficulty 512 I won't submit any share at all?

[SimonG]

Hi all, I would try to mine at this pool, but I read that the difficulty is fixed at 512. I can only reach 0.12 MH/s, so I would ask you: can I still mine with this hashrate and difficulty 512, or will I mine for hours without submitting any shares?
anyone has experience of mining with low hashrates and high difficulties?

You should try trademybit.com.

My estimated earnings are 30$ for 1.5 Mh/s hashrate. I'm not 100% this will be actual earnings though

so do you think with 0.12 MH/s and difficulty 512 I won't submit any share at all?

Yes. I have 1.5 MH/s and submit 2.6 shares per minute on middlecoin. You would only submit 0.12 shares per minute if any.

[Raiden]

I apologize in advance if this is offtopic (and taking suggestions on where to move it if it is).
I was wondering about the inner workings of middlecoin.

If I understand this correctly, it switches to mining the most profitable coin by pointing its hashpower to one of the altcoin pools? Is there any way of knowing which pools those are?

Also, most alt pools (from what I can tell) are either PPS and take a percentage, or are PPLNS with 0%. So in case of a PPS alt pool are we effectively paying a compounded percentage (both to the altcoin pool and middlecoin)? Does PPLNS average out or is it less profitable than PPS for pool switching? If we are mining on PPLNS altcoin pools then we have a delay in receiving shares, so no immediate trading can occur?

No apologies needed, these are very good questions. middlecoin doesn't need to use other pools, it can just mine directly as a peer on those networks because of the huge hashpower, thus it gets 100% of the block payout with no fees for someone else. Some of the newer badly designed altcoins have to be mined directly on the network or the delays and latency of using another pool would cause a terrible payout percentage.

sh*tty payout today, I love it! Because I want the china farmer gone, gone gone from this pool! I want the recent arrivals to leave as well! Be gone! This pool has grown TOO BIG TOO FAST, can't handle the stated objective. The longer you stay, the worse payouts will get. Go join the multipool, hashco.ws or mine LTC, PPC, TRC, DOGE, or other MORE PROFITABLE coins!!!

hashco.ws sucks

People will think you're a hater, but I checked closely and yesterday hashcows switched to MNC just as it was switching difficulty UP, and mined there for 20 minutes for something like 40% payout compared to what was available just 5 minutes before. Multipool instead was mining 5 minutes before and picked up half a day's worth of coins in just 5 minutes for a nice 250% payout. There is definitely room for improvement.

Is there any other port link to hashco.ws except "stratum+tcp://stratum01.hashco.ws:3333"？I always have connection problem with it.

[DMacleod]

I also wants to see the chinise ultra miner gone from this pool until then I switch pool to trademybit. This pool is way to large now to mine the smaller more profitable coins.

10$ payment today is a joke. It was more than 2x before.

Right now the most profitable scrypt coin is Memecoin with a network hashrate of 244.81 MH. Middlecoin is more than 5000% larger than network hashrate.

Not sure about memecoin. It gives you around 60$ per day. Any other options?

[SimonG]

I also wants to see the chinise ultra miner gone from this pool until then I switch pool to trademybit. This pool is way to large now to mine the smaller more profitable coins.

10$ payment today is a joke. It was more than 2x before.

Right now the most profitable scrypt coin is Memecoin with a network hashrate of 244.81 MH. Middlecoin is more than 5000% larger than network hashrate.

Not sure about memecoin. It gives you around 60$ per day. Any other options?

At which hashrate?

[DMacleod]

I also wants to see the chinise ultra miner gone from this pool until then I switch pool to trademybit. This pool is way to large now to mine the smaller more profitable coins.

10$ payment today is a joke. It was more than 2x before.

Right now the most profitable scrypt coin is Memecoin with a network hashrate of 244.81 MH. Middlecoin is more than 5000% larger than network hashrate.

Not sure about memecoin. It gives you around 60$ per day. Any other options?

At which hashrate?

4800 KHS.

[st4nl3y]

I need a link to check my mining stats please.