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

[socket]

Tealover is a prime example of someone who jumped off a ship, swam to another ship, and is butthurt that he isn't making the same profits.  If Tealover was actually mining on another pool and making great profits, you can be sure he wouldn't be trolling in this thread like a maniac.  I would suggest that he's a shill for another up-coming auto-switching auto-trading pool, but I am pretty sure he doesn't have enough brains for that.

SimonG: LOLOLOLOLOL.  You are very funny.

Tealover: seriously, newb... nobody cares if you have his contact information.  Congratulations?  What did you PM him anyway?  A ransom demand, huh?  Why are you so butt hurt?

I'm pretty sure you have him pegged lol trying to blackmail. I've been paid my dues from this pool several times and don't really care who h20 is as long as I get paid. If I don't get paid its simple just stop mining at the pool.

I'm not saying he's going to take 1 big scam run and stop paying.
I'm saying he is definitely taking more than the 3.4% fee he says. More like 8-10% fee. Small enough for you to not really notice, but big enough for him to go from $4,000/day profit to $10,000/day profit.

Even if that's true I doubt you or anybody has any legal recourse.  From an ethical stand point it's would actually be in the grey area as well.  His pool is an alternative to mining a single currency.  Specifically Litecoin for most of us.  We're all making more here then if we mined LTC exclusively .. so who's to say how much we should be making?  All this aside I doubt he's taking more then what he says he is.  It just doesn't make sense.  It would be like butchering the goose that lays golden eggs.

[rwessels]

Anyone out there with 4+ rigs? how are you powering them? I can't seem to find enough breakers to split the load...

Are you guys at the point of renting space/power? Data center?

I have 12 rigs in my house, each with 3-4 cards (with the exception of 2 of them only having 2).  Each of my 20 amp circuits have 2 rigs hooked up.  Some of these rigs are in an upstairs room where I had an electrician put in a small sub-panel.  There are two rigs that are just in spare bedrooms hooked up to a normal 15 amp circuit each having just two cards.  

The subpanel takes up two slots on the main panel, but it is using a much higher fuse - 50 amps I think.  I am completely out of spaces.  If I had more power and ways to cool them I would put in more rigs.

I have been mining since April of 2013 and am in for $42,000 including hardware and electricity (and a couple of Monarch preorders).

and how was your ROI so far? I'm planning to do the same. I don't believe that crypto mining is dead. I only have 2 rigs right now but i already bought and stacked a couple of r9 280x in my spare room. Just waiting for the powered risers that i ordered in the U.S so i can continue working on my rigs. And i am doing the same as you. I hired an electrician to make a 30 amp circuit for a specific room as sub to my main circuit which is 60 amp. Btw, in my country the standard line is 220V.

Right now I am up by about 10K.  I think that is pretty good since of the $42K investment, almost 10K of that are cards that I bought in december and another 10K for the 2 Monarchs that haven't arrived.  Right now I am grossing over 6K a month with electric costs of between 1K and 1.5K.  

If the price of Bitcoin stays constant I expect to be up by over 50K by the end of June.  Part of that assumption is that my Monarchs start mining by March.

[rocks]

Wow, I haven't checked this thread in a few weeks, but it has descended into chaos.

I agree with those who are pointing out that payouts have drastically dropped over that past week, was hoping to find some answers but there is no dialog or anything.

Just learned that different people are on different coins and receive different payouts for the exact same work. That is shocking IMHO, the whole point of a pool is to contribute towards a single shared result to spread out the risk. Now I am stuck trying to understand if my payouts have been low because I had "unlucky assignments" or if the pool overall is less profitable.

My 2 cents are the entire process should be more transparent, from quickly looking for alternatives it seems there are a few in development that do the same thing and are significantly more transparent. So unless middlecoin either becomes more transparent or this thread provides some useful feedback it looks like I'll have to try something else. Sad because I've been here since Sept.

[Dead2]

Hi everyone, long time lurker and only recently registered to post here.
So, I am a linux systems engineer/developer and sometimes I dabble in some hobby-projects for fun, this is one of those. Statistics and graphs are (believe it or not) fun. 

So if you mine on middlecoin and like to interpret graphs; take a look at http://middlestats.circlestorm.org/

In particular the 'change in wealth' graph should be interesting, and the total outstanding btc value graph should be nice to have (top graph, red+orange+green).
My goal has been to provide more insight into the fact that estimated value of unexchanged coins might not always correctly reflect the value after exchange, these graphs makes that part obvious. (Ex: See the Sat 02:00 drop in value when a whole lot of unexchanged coins were sold off at a lower-than expected price).

Mind you, this is a hobby project on a private server, do not expect too much
This site is still a work-in-progress, and it has limited potential given the input data, but it looks nice enough that I figure I might as well let people check it out and use it if they like it.

PS: A few of the graphs will get prediction graphs soon, I just need enough historical data to actually be able to predict something.

Have fun

[thehun]

Hi everyone, long time lurker and only recently registered to post here.
So, I am a linux systems engineer/developer and sometimes I dabble in some hobby-projects for fun, this is one of those. Statistics and graphs are (believe it or not) fun. 

So if you mine on middlecoin and like to interpret graphs; take a look at http://middlestats.circlestorm.org/

In particular the 'change in wealth' graph should be interesting, and the total outstanding btc value graph should be nice to have (top graph, red+orange+green).
My goal has been to provide more insight into the fact that estimated value of unexchanged coins might not always correctly reflect the value after exchange, these graphs makes that part obvious. (Ex: See the Sat 02:00 drop in value when a whole lot of unexchanged coins were sold off at a lower-than expected price).

Mind you, this is a hobby project on a private server, do not expect too much
This site is still a work-in-progress, and it has limited potential given the input data, but it looks nice enough that I figure I might as well let people check it out and use it if they like it.

PS: A few of the graphs will get prediction graphs soon, I just need enough historical data to actually be able to predict something.

Have fun

Thanks, very good job!

[duz]

IMPORTANT UPDATE

Somebody has PMed me H2O's personal details including name, home address, where he went to college, a picture of him, and more details on him.

He works as a video game programmer and he plays lots of MMORPG video games. He is 32 years old and lives in California (ANOTHER LIE, he told us he lives in the midwest) His name is Eric. I won't give his last name yet.

This pool is NOT his "full time job" like he said. HE LIED TO YOU ALL. 1 LIE MEANS YOU SHOULDN'T TRUST HIM ANYMORE. He has a full-time job as a video game programmer.

1 quote from H2O on a different website recently is "Video games are pretty much my life right now."

I have sent him a PM to try to work things out. I will give him 24 hours to reply before taking further action.

Jesus Christ lighten up. if he has a full time job that explains the lack of information.... Stop being a jealous douche and spend some time off the internet! You seem like the kind of person who could really use it.

He told us that running THIS pool was his full time job. H2O is full of lies. The house of cards is about to fall.

Oh because a load of information you got from a random guy on the internet is going to be correct XD Even if it is true everyone lies everyday Hell i know i would to a bunch of random people ive never met and complain a lot if it made my life easier

The personal details they sent me have been verified as accurate. They were very easy to find actually and will be released if H2O doesn't reply to my private message within 24 hours. He just logged in and didn't reply, so I already think he won't reply to me in the future either.

This pool is NOT his "full time job" like he said. HE LIED TO YOU ALL. 1 LIE MEANS YOU SHOULDN'T TRUST HIM ANYMORE. He has a full-time job as a video game programmer.

1 LIE MEANS YOU SHOULDN'T TRUST HIM ANYMORE

https://i.imgur.com/vrVEeEa.png

does anyone else find this as amusing as I do?

[BoeserKeller]

quote author=Dead2 link=topic=259649.msg4474818#msg4474818 date=1389568360]
Hi everyone, long time lurker and only recently registered to post here.
So, I am a linux systems engineer/developer and sometimes I dabble in some hobby-projects for fun, this is one of those. Statistics and graphs are (believe it or not) fun.  

So if you mine on middlecoin and like to interpret graphs; take a look at http://middlestats.circlestorm.org/

In particular the 'change in wealth' graph should be interesting, and the total outstanding btc value graph should be nice to have (top graph, red+orange+green).
My goal has been to provide more insight into the fact that estimated value of unexchanged coins might not always correctly reflect the value after exchange, these graphs makes that part obvious. (Ex: See the Sat 02:00 drop in value when a whole lot of unexchanged coins were sold off at a lower-than expected price).

Mind you, this is a hobby project on a private server, do not expect too much
This site is still a work-in-progress, and it has limited potential given the input data, but it looks nice enough that I figure I might as well let people check it out and use it if they like it.

PS: A few of the graphs will get prediction graphs soon, I just need enough historical data to actually be able to predict something.

Have fun
[/quote]
The only thing you missed are some wallet adresses for donations

[duz]

Hi everyone, long time lurker and only recently registered to post here.
So, I am a linux systems engineer/developer and sometimes I dabble in some hobby-projects for fun, this is one of those. Statistics and graphs are (believe it or not) fun. 

So if you mine on middlecoin and like to interpret graphs; take a look at http://middlestats.circlestorm.org/

In particular the 'change in wealth' graph should be interesting, and the total outstanding btc value graph should be nice to have (top graph, red+orange+green).
My goal has been to provide more insight into the fact that estimated value of unexchanged coins might not always correctly reflect the value after exchange, these graphs makes that part obvious. (Ex: See the Sat 02:00 drop in value when a whole lot of unexchanged coins were sold off at a lower-than expected price).

Mind you, this is a hobby project on a private server, do not expect too much
This site is still a work-in-progress, and it has limited potential given the input data, but it looks nice enough that I figure I might as well let people check it out and use it if they like it.

PS: A few of the graphs will get prediction graphs soon, I just need enough historical data to actually be able to predict something.

Have fun

so from what I understand, the change in wealth graph should track how efficient the trading algorithm is, right?

[Gamer67]

Somewhere a village is missing its idiot. (Teabag)

[phzi]

Tealover is a prime example of someone who jumped off a ship, swam to another ship, and is butthurt that he isn't making the same profits.  If Tealover was actually mining on another pool and making great profits, you can be sure he wouldn't be trolling in this thread like a maniac.  I would suggest that he's a shill for another up-coming auto-switching auto-trading pool, but I am pretty sure he doesn't have enough brains for that.

SimonG: LOLOLOLOLOL.  You are very funny.

Tealover: seriously, newb... nobody cares if you have his contact information.  Congratulations?  What did you PM him anyway?  A ransom demand, huh?  Why are you so butt hurt?

I'm pretty sure you have him pegged lol trying to blackmail. I've been paid my dues from this pool several times and don't really care who h20 is as long as I get paid. If I don't get paid its simple just stop mining at the pool.

I'm not saying he's going to take 1 big scam run and stop paying.
I'm saying he is definitely taking more than the 3.4% fee he says. More like 8-10% fee. Small enough for you to not really notice, but big enough for him to go from $4,000/day profit to $10,000/day profit.

1. You have no proof, so STFU
2. What are you expecting him to say to you?  You said if he didn't meet your demand within a day, you'd release his info... so:
3. Are you trying to blackmail him?

[ButterBread]

All this aside I doubt he's taking more then what he says he is.  It just doesn't make sense.  It would be like butchering the goose that lays golden eggs.

Not butchering, because who would know?

General opinion seems to be : we can't know so why worry.

[Dead2]

So if you mine on middlecoin and like to interpret graphs; take a look at http://middlestats.circlestorm.org/

The only thing you missed are some wallet adresses for donations

Already on the bottom of every stats page, or are you missing altcoin addresses?

I fully don't expect to make anything on this, but it certainly would be inspiring to see people like it enough to actually go to the step of donating anything (seriously, most people would instinctively rather get a physical injury than part with real money, I wonder whether this holds true for "virtual" money).

[Vitalogy]

Hey, so auto payout for >0.01BTC occurs once a week, right?

My balance is >0.0069 and has been sitting there for 2 days past the 1 week threshold.

I see that H2O logs in everyday, however, I have no response form him via PM.

You probably meant "...for >0.001BTC occurs once a week".

I have the same problem. My balance is 0.00527296, my last payout was on Jan. 2. Do you need to be active to get paid??

I stoppped to mine here because of the lack of confidence I have in H2O. I actually don't think that he is a scammer, but I have the feeling that he is overwhelmed by the scale of the task. He don't have the skills to manage everything.

[Dead2]

So if you mine on middlecoin and like to interpret graphs; take a look at http://middlestats.circlestorm.org/

so from what I understand, the change in wealth graph should track how efficient the trading algorithm is, right?

In a perfect world this would be true yes.
If you stopped mining, the graph would show an even 0 if unexchanged coins were being sold at the expected value.
If the graph were to go positive it would mean the coins have been sold above expected price. The inverse is true for negative values.

I practice it will likely be hard to interpret this graph. But (I hope) it will be much more interesting once the prediction graphing is enabled, since
it will allow you to easily see whether it follow the usual (historical) patterns or suddenly deviates from the norm (a deviation would not necessarily mean something is wrong though).

[BoeserKeller]

So if you mine on middlecoin and like to interpret graphs; take a look at http://middlestats.circlestorm.org/

The only thing you missed are some wallet adresses for donations

Already on the bottom of every stats page, or are you missing altcoin addresses?

I fully don't expect to make anything on this, but it certainly would be inspiring to see people like it enough to actually go to the step of donating anything (seriously, most people would instinctively rather get a physical injury than part with real money, I wonder whether this holds true for "virtual" money).

Oh, didnt see that because I would've had to scroll down - which I didnt because the end of the page was empty  (who looks at the scrollbar anyway ... )
Just one question, is the "change in accumulated wealth" an hourly value? E.g. if the value was at 0.005BTC steadily over 24h I could assume, that I get 0.005*24=0.12BTC/day ?

[r2vape]

Hey, so auto payout for >0.01BTC occurs once a week, right?

My balance is >0.0069 and has been sitting there for 2 days past the 1 week threshold.

I see that H2O logs in everyday, however, I have no response form him via PM.

You probably meant "...for >0.001BTC occurs once a week".

I have the same problem. My balance is 0.00527296, my last payout was on Jan. 2. Do you need to be active to get paid??

I stoppped to mine here because of the lack of confidence I have in H2O. I actually don't think that he is a scammer, but I have the feeling that he is overwhelmed by the scale of the task. He don't have the skills to manage everything.

I have had no issue with 24hr payouts at the same time every day for the past few weeks when using Middlecoin (I hop around to new launches to get a piece of pie on young coins).

The limits on min. withdrawals/payouts are there for a reason, you are not hashing enough to get a daily payout so you fall into the very small miner category that is not fussed over such small amounts I am guessing - but evidently, appears this is big money 

Mining about $5 over more than 2 days is not worth it as you end up paying large portions in transaction fees in order to move you nanoBTC around.

[Dead2]

Just one question, is the "change in accumulated wealth" an hourly value? E.g. if the value was at 0.005BTC steadily over 24h I could assume, that I get 0.005*24=0.12BTC/day ?

Due to the way I obtain the data (not in sync with the actual generation of statistics), this value is per-update.
Currently I poll for new updates every 15min, but sometimes there are no changes, this means that the change would possibly be double for the next update.

Also I am a bit unsure whether the actual numbers on that graph are correct, they need to be verified manually before I can be 100% sure (there might be a decimal-point error, but is _seems_ correct). However the general pattern will be correct.

[knybe]

People complain about communication, a twitter is linked to the frontpage including an explanation for the current issue -> Problem solved

thank god! don't have to come in here anymore.

[duz]

So if you mine on middlecoin and like to interpret graphs; take a look at http://middlestats.circlestorm.org/

so from what I understand, the change in wealth graph should track how efficient the trading algorithm is, right?

In a perfect world this would be true yes.
If you stopped mining, the graph would show an even 0 if unexchanged coins were being sold at the expected value.
If the graph were to go positive it would mean the coins have been sold above expected price. The inverse is true for negative values.

I practice it will likely be hard to interpret this graph. But (I hope) it will be much more interesting once the prediction graphing is enabled, since
it will allow you to easily see whether it follow the usual (historical) patterns or suddenly deviates from the norm (a deviation would not necessarily mean something is wrong though).

That is a fantastic statistic.. the fact that it appears to have been positive 90% of the time is a good sign

The only thing I can think would be maybe to have a % value somehow instead of a btc value, as the btc value will depend on the gross value of the pool (sorry if this doesn't make sense, it's before my coffee time)

[Dead2]

That is a fantastic statistic.. the fact that it appears to have been positive 90% of the time is a good sign

The only thing I can think would be maybe to have a % value somehow instead of a btc value, as the btc value will depend on the gross value of the pool (sorry if this doesn't make sense, it's before my coffee time)

Remember that the graph _should_ always be positive while mining, since you keep adding value. If it goes negative, that means coins were exchanged below the _currently_ (not previously) expected value.

Percentage is doable, but I wonder whether it would actually be of any use. Since the percentage would drop over time since you accumulate "paid". (paid has to be considered in the graph since it would otherwise show a huge drop on every payout)

I do have a few ideas for future experimentation, when time allows. (and there are also a few things I dropped after seeing how useless they are in the real world)