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

[x0rcist]

Diff at 1024 is a huge fucking joke.

As if there were not enough reasons to leave already... omg

Dont stay mining on middlecrap please.

+ 1

[Shaban]

H2O is making $4,000 per day in his fees, but he is too greedy to spend a little bit to upgrade servers, or the website so the graphs display properly, or to buy DDOS protection.

Sounds like the house of cards is falling and people are starting to believe me about H2O's incompetence.

tealover, might you suggest a 100% foolproof DDOS protection service, or estimate how much H2O's servers cost

His cost is probably around $4,000/month max. And he can get cloudflare ddos protection for $200/month. Assuming he's making $2,500/day, it's not much at all.

At 12gh/s, he makes over 360 free overclocked r9 290x's worth of mh/s. At about .01 per "card" per day, I expect him to make a minimum of 3.6 BTC per day. MORE than plenty. FEES = TOO HIGH. We are letting ourselves be robbed.

Yeah, I know, I just shorted it just in case. I've already figured he makes between 3-5 BTC/day... yesterday he made 6 BTC.

[noegzit]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

[MagicOnline]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

[phrozenspite]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

because an hour is enough time to tell statistical significance?

[Suikoden]

Anyone who has a problem with Middlecoin is welcome to take their farm elsewhere. Plenty of other ones that are more profitable than mining Litecoin, while giving you the options that you want.

As for me --and from the looks of it many others, especially those with large farms -- I am happy to have such a simplistic pool. I don't need to setup a bunch of workers, I don't have to fuss with setting up a bunch of pool addresses to send to Cryptsy or some other exchange and sell my coins, and because of the simplistic design I don't have to worry about losing my bitcoins if the site gets hacked (Hi, Hashcows).

I am happy to give up 3% of my profits if it means everything gets taken care of for me. Should Middlecoin ever becomes consistently less profitable than another pool that does the same thing, then I will swap pools.

I am amazed that some individuals seem to think people should just operate and maintain pools for free and pay out of their own pockets. How dare someone make money off of a service they provide!

[bitter_miner]

Anyone who has a problem with Middlecoin is welcome to take their farm elsewhere. Plenty of other ones that are more profitable than mining Litecoin, while giving you the options that you want.

As for me --and from the looks of it many others, especially those with large farms -- I am happy to have such a simplistic pool. I don't need to setup a bunch of workers, I don't have to fuss with setting up a bunch of pool addresses to send to Cryptsy or some other exchange and sell my coins, and because of the simplistic design I don't have to worry about losing my bitcoins if the site gets hacked (Hi, Hashcows).

I am happy to give up 3% of my profits if it means everything gets taken care of for me. Should Middlecoin ever becomes consistently less profitable than another pool that does the same thing, then I will swap pools.

+100

[MagicOnline]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

because an hour is enough time to tell statistical significance?

I track my WU, normally it's between 1950 and 2250, with the 1024 blocks I'm getting between 1100 and 1600 so yeah it shows.

A lot of the problems started when that other profit pool started to use middlecoin around new year.
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

It doubled middlecoins hashrate...

[phrozenspite]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

because an hour is enough time to tell statistical significance?

I track my WU, normally it's between 1950 and 2250, with the 1024 blocks I'm getting between 1100 and 1600 so yeah it shows.

A lot of the problems started when that other profit pool started to use middlecoin around new year.
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

It doubled middlecoins hashrate...

i believe as people have said that is asic chips being tested. and you might want to check your math if 1000 mhash doubles the hashrate of a pool that is currently at 14000 mhash

[duz]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

because an hour is enough time to tell statistical significance?

I track my WU, normally it's between 1950 and 2250, with the 1024 blocks I'm getting between 1100 and 1600 so yeah it shows.

A lot of the problems started when that other profit pool started to use middlecoin around new year.
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

It doubled middlecoins hashrate...

Unlucky, my WU is exactly the same

[okimzti]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

because an hour is enough time to tell statistical significance?

I track my WU, normally it's between 1950 and 2250, with the 1024 blocks I'm getting between 1100 and 1600 so yeah it shows.

A lot of the problems started when that other profit pool started to use middlecoin around new year.
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

It doubled middlecoins hashrate...

Sounds like you got shit on, should probably go to another pool.  My WU is fine at this difficulty

[Suikoden]

Yeah, my WU is mostly the same as well. Down about 5-7 across each of my rigs, which isn't that bad. Even if it was, the 1024 difficulty is temporary. Will most likely revert to 512 in a few hours, maybe a day.

http://www.twitter.com/middlecoinpool

If anyone wants to follow the updates. He tweets regularly.

[MagicOnline]

From https://www.litecoinpool.org/help :

How does share difficulty influence my earnings?
Short answer: it doesn't.
Long answer: a higher/lower share difficulty does not mean you will be earning more/less, because your expected earnings are independent of the share difficulty: they only depend on your hash rate and on the network difficulty. A higher share difficulty can only increase the variance, but not in a significant way.

Thats why I lost 27% of my WU... I call that significant!

because an hour is enough time to tell statistical significance?

I track my WU, normally it's between 1950 and 2250, with the 1024 blocks I'm getting between 1100 and 1600 so yeah it shows.

A lot of the problems started when that other profit pool started to use middlecoin around new year.
http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html

It doubled middlecoins hashrate...

Sounds like you got shit on, should probably go to another pool.  My WU is fine at this difficulty

I just got alot of "2003 Can't connect to Mysql" errors on cgminer, it seems that the useast server was giving the issues.
Switched to the normal server and I only got that message once... (till now) hashrate is also around the 2.1K 25% less  like the useast server.

[ButterBread]

I am happy to give up 3% of my profits if it means everything gets taken care of for me.

True, but there's always room for improvement. And things haven't been improving lately.

[Panteraswift]

I restarted two miners so the previous shares at diff 512 were not taken into account for the WU calculations, and the results are a lot lower than I anticipated, down 27%.

UPDATE: Improving slowly, now at 22%

[Anubite]

H2O is making $4,000 per day in his fees, but he is too greedy to spend a little bit to upgrade servers, or the website so the graphs display properly, or to buy DDOS protection.

Sounds like the house of cards is falling and people are starting to believe me about H2O's incompetence.

tealover, might you suggest a 100% foolproof DDOS protection service, or estimate how much H2O's servers cost

His cost is probably around $4,000/month max. And he can get cloudflare ddos protection for $200/month. Assuming he's making $2,500/day, it's not much at all.

At 12gh/s, he makes over 360 free overclocked r9 290x's worth of mh/s. At about .01 per "card" per day, I expect him to make a minimum of 3.6 BTC per day. MORE than plenty. FEES = TOO HIGH. We are letting ourselves be robbed.

Yeah, I know, I just shorted it just in case. I've already figured he makes between 3-5 BTC/day... yesterday he made 6 BTC.

I just don't think people realize just how much 3% adds up. If they think it's worth the sacrifice, they certainly never have any reason other than "I am lazy." Seriously, what is this guy doing to deserve SO MUCH from all of us, even the lazy ones? Certainly not anything major. Hashcows does more, for less...and they are two or three guys splitting the money.

I highly recommend not allowing yourself to be extorted by h2o "sorting things out" for you.

[bitter_miner]

Diff at 1024 is a huge fucking joke.

As if there were not enough reasons to leave already... omg

Dont stay mining on middlecrap please.

exit stage left... there's the door... happy hunting....
choose one...
it takes a matter of seconds to change pools...

[EdBoon]

I am happy to give up 3% of my profits if it means everything gets taken care of for me.

True, but there's always room for improvement. And things haven't been improving lately.

Well then someone should create their own pool with better service, you can take the market away from him.  I'm sure it's super easy.  Everyone likes to bitch but do nothing to contribute besides chipping in their 2 cent ideas and expects implementation immediately because they are giving him a % of their hashing.  You are using his service.

He's working on adding 3 or 4 more servers currently in beta (i guess that's not improvement to you) and integrating an auto select pool. Added a twitter account to post updates which is much better than the forum.  Everyone acts like he only sits back and collects.

I wouldn't be surprised if he doesn't even check this forum anymore with all the garbage he would have to sort through.  He even took the link off of the website, probably a good idea as it has turned toxic with negativity.

[Pustul]

What is WU?

[MagicOnline]

What is WU?

Work Utility aka your pool hashrate