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

[st4nl3y]

was there no payout today /yesterday? I have 0.04 accumulated but no payout since 2 days. Whats going on

[webbson]

The payouts seems to be good for today

However we lost a 9 days old 280X today with sparks flying from it. Not overclocked or voltmodded, just running completely stock. So we have to hope for a RMA

[dgross0818]

The payouts seems to be good for today

However we lost a 9 days old 280X today with sparks flying from it. Not overclocked or voltmodded, just running completely stock. So we have to hope for a RMA

On startup or while it was running? If it's "only" a VRAM ripple capacitor that blew, then you might be able to still run the card fine :]

On topic - Payout looks to be good today (or at least in-line with current exchange rates), however, my rejects have been up quite a bit in the past 12 hours or so...

I don't see too many others around me with similar issues, so most likely it's a latency thing

Edit: and now they're trending back down... guess the issue resolved iteself

[zepadee]

I can't get any of my rigs to connect to middlecoin, just goes to failover, this has been happening for about a week. Is it because of the 1024 DIFF ? Has the server changed recently ?

[pitobread]

We have already noticed these differences.

It seems you can't estimate your payout only by taking some dudes' payouts with the same hashrate.

There are  so many parameters that you don't know from the server: accepted shares, stale shares (and btw do you submit your stale shares?), discarded works, gpus used, PSU, drivers, OS, settings in config files, mod miners, network connections...

I've been mining on 2 different servers (eu and east) these last days: I didn't notice huge differences (same coins mined at -almost- the same time on the 2 servers). I may be wrong but I don't think the differences depend on which server you are.

That just does not seem fair or right. Hardware should be irrelevant once the server accepts my work and tells me I have XX.XXX hashrate. The server is accepting (as verified in stats) 3.6mhash or more of my work an I get paid for less than peers that do the same work.  

I decided to split my rigs apart with one on a different address shortly after payout time.  The main rig (2.2mhash) is sitting at .013/.020 BTC overnight, the other rig (1.4mhash) got .0047/.0025

https://i.imgur.com/7w1StXs.png

[Shaban]

The pool should get over 200 BTC today! At 144 now with over 100 unexchanged

[willittobe]

Since last night, and all during the night, my rigs have all been stalling out every 20 minutes like clockwork. That is, everything is working fine, hashing away, but suddenly no shares will be accepted after ~20 minutes or so of normal function. Cgwatcher eventually reboots cgminer, even though cgminer didn't freeze and is to all appearances still hashing away. Config hasn't changed on my end and was previously working great.

So I conclude it's gotta be server issues. I end up with a ~12% loss of hashrate because of this.

[Gasai Yuno]

yesterday's payout was pretty good.

but i cant get there is a stucked, unexchanged value for 2 days.

[zSprawl]

wow since that 1000mhs rig was taken off line, my balances are increasing much quicker and i'm having much less rejected shares. Wherever that chinamen is, goodbye and don't let the door hit you on the way out.

Um, the two aren't related... correlation doesn't imply causation.

[kalus]

wow since that 1000mhs rig was taken off line, my balances are increasing much quicker and i'm having much less rejected shares. Wherever that chinamen is, goodbye and don't let the door hit you on the way out.

Um, the two aren't related... correlation doesn't imply causation.

just wanted to point out this rock has kept my house and family safe from tigers for close to a decade.  

[Shaban]

My balance today is already higher than what I got paid out yesterday  

[FrankieSaysRelax]

wow since that 1000mhs rig was taken off line, my balances are increasing much quicker and i'm having much less rejected shares. Wherever that chinamen is, goodbye and don't let the door hit you on the way out.

Um, the two aren't related... correlation doesn't imply causation.

The fluctuations in volatility of alt coins that make this pool profitable are partly based on how many are take advantage of the small arbitrage that exists. Throwing more hooks into a small pond isn't going to increase the amount of fish in the pond. All it does is slow down the fertility rate and thus the pond can no longer feed as many in the village.

[zSprawl]

wow since that 1000mhs rig was taken off line, my balances are increasing much quicker and i'm having much less rejected shares. Wherever that chinamen is, goodbye and don't let the door hit you on the way out.

Um, the two aren't related... correlation doesn't imply causation.

The fluctuations in volatility of alt coins that make this pool profitable are partly based on how many are take advantage of the small arbitrage that exists. Throwing more hooks into a small pond isn't going to increase the amount of fish in the pond. All it does is slow down the fertility rate and thus the pond can no longer feed as many in the village.

Thanks... but he was only a small percentage of the pool, so unless more leave, one guy, regardless of size, does not change this.

[FrankieSaysRelax]

We have already noticed these differences.

It seems you can't estimate your payout only by taking some dudes' payouts with the same hashrate.

There are  so many parameters that you don't know from the server: accepted shares, stale shares (and btw do you submit your stale shares?), discarded works, gpus used, PSU, drivers, OS, settings in config files, mod miners, network connections...

I've been mining on 2 different servers (eu and east) these last days: I didn't notice huge differences (same coins mined at -almost- the same time on the 2 servers). I may be wrong but I don't think the differences depend on which server you are.

That just does not seem fair or right. Hardware should be irrelevant once the server accepts my work and tells me I have XX.XXX hashrate. The server is accepting (as verified in stats) 3.6mhash or more of my work an I get paid for less than peers that do the same work.  

I decided to split my rigs apart with one on a different address shortly after payout time.  The main rig (2.2mhash) is sitting at .013/.020 BTC overnight, the other rig (1.4mhash) got .0047/.0025

If youse got some latency, try adding --no-submit-stale to your .bat file. Ain't no use in chasing after shares you can't get if others can get em first because of better latency. h2o says to leave it on because the staled shares might be due to a coin switch but that's only 1 possible reason and if you're getting those type of reject rates, you're wasting hashing power chasing after stales.

[phaddie]

wow since that 1000mhs rig was taken off line, my balances are increasing much quicker and i'm having much less rejected shares. Wherever that chinamen is, goodbye and don't let the door hit you on the way out.

Um, the two aren't related... correlation doesn't imply causation.

just wanted to point out this rock has kept my house and family safe from tigers for close to a decade.  

*snicker*

[zSprawl]

Um, the two aren't related... correlation doesn't imply causation.

just wanted to point out this rock has kept my house and family safe from tigers for close to a decade.  

*snicker*

Praise god!!

[FrankieSaysRelax]

wow since that 1000mhs rig was taken off line, my balances are increasing much quicker and i'm having much less rejected shares. Wherever that chinamen is, goodbye and don't let the door hit you on the way out.

Um, the two aren't related... correlation doesn't imply causation.

The fluctuations in volatility of alt coins that make this pool profitable are partly based on how many are take advantage of the small arbitrage that exists. Throwing more hooks into a small pond isn't going to increase the amount of fish in the pond. All it does is slow down the fertility rate and thus the pond can no longer feed as many in the village.

Thanks... but he was only a small percentage of the pool, so unless more leave, one guy, regardless of size, does not change this.

That makes absolutely no sense. So, you are to tell me, if one person doubled the hash rate of the group tomorrow that would not cause damage to the smaller miners? What matters is the total available opportunity for arbitrage - costs associates divided by hashes per second. If someone adds 10% or 20%, that lowers profitability for everyone in the pool. In this case, it even lowered the profitability for that miner over mining litecoin because his rig is simply too large to realize the benefits of the small margin that smaller miners benefit from. If he has an extra 1000 mhash to the pool and then leaves and the pool makes the same amount - that's more divided among less miners.

You must like to be sold a slice of pizza that is 1/16 of a 18" pie and not 1/8 of that same pie.

[kalus]

The fluctuations in volatility of alt coins that make this pool profitable are partly based on how many are take advantage of the small arbitrage that exists. Throwing more hooks into a small pond isn't going to increase the amount of fish in the pond. All it does is slow down the fertility rate and thus the pond can no longer feed as many in the village.

you're not accounting for the tradebot algorithm that optimizes based on exchanges.   H2o et al. occasionally intervene with manual trades as well.  

this is the part of the service we pay the 3% fee for.  we don't need to know how it's done, and since this site doesn't announce the coins we're mining for strategic reasons it would also make sense the tradebot is also proprietary.  the pool is just $hash/sec to the algorithm.  you can do the calculation based on the allusers page:  everyone gets their share based on their hashrate.  the numbers do not support disproportionate payouts across time for any individual.

All the people concerned about the 'unexchanged balance' shouldn't be.  it's just a bot making money while you sleep.  

[kalus]

wow since that 1000mhs rig was taken off line, my balances are increasing much quicker and i'm having much less rejected shares. Wherever that chinamen is, goodbye and don't let the door hit you on the way out.

Um, the two aren't related... correlation doesn't imply causation.

The fluctuations in volatility of alt coins that make this pool profitable are partly based on how many are take advantage of the small arbitrage that exists. Throwing more hooks into a small pond isn't going to increase the amount of fish in the pond. All it does is slow down the fertility rate and thus the pond can no longer feed as many in the village.

Thanks... but he was only a small percentage of the pool, so unless more leave, one guy, regardless of size, does not change this.

That makes absolutely no sense. So, you are to tell me, if one person doubled the hash rate of the group tomorrow that would not cause damage to the smaller miners? What matters is the total available opportunity for arbitrage - costs associates divided by hashes per second. If someone adds 10% or 20%, that lowers profitability for everyone in the pool. In this case, it even lowered the profitability for that miner over mining litecoin because his rig is simply too large to realize the benefits of the small margin that smaller miners benefit from. If he has an extra 1000 mhash to the pool and then leaves and the pool makes the same amount - that's more divided among less miners.

You must like to be sold a slice of pizza that is 1/16 of a 18" pie and not 1/8 of that same pie.

this is correct if you are talking pool vs. pool. middlecoin is operating as a single entity vs. all of the other groups of miners.  since mining is competitive, having larger miners in the pool gives us a better chance of finding blocks than a smaller pool.

within the pool, we get paid out a percentage of the pie.  the pie gets bigger when we add more mining power. 

[FrankieSaysRelax]

The fluctuations in volatility of alt coins that make this pool profitable are partly based on how many are take advantage of the small arbitrage that exists. Throwing more hooks into a small pond isn't going to increase the amount of fish in the pond. All it does is slow down the fertility rate and thus the pond can no longer feed as many in the village.

you're not accounting for the tradebot algorithm that optimizes based on exchanges.   H2o et al. occasionally intervene with manual trades as well.  

this is the part of the service we pay the 3% fee for.  we don't need to know how it's done, and since this site doesn't announce the coins we're mining for strategic reasons it would also make sense the tradebot is also proprietary.  the pool is just $hash/sec to the algorithm.  you can do the calculation based on the allusers page:  everyone gets their share based on their hashrate.  the numbers do not support disproportionate payouts across time for any individual.

All the people concerned about the 'unexchanged balance' shouldn't be.  it's just a bot making money while you sleep.  

There is limited opportunity to profit off arbitrage in the alt coin market. The most hashpower, the lower that margin becomes for everyone in the pool. Basic common sense here. If pool becomes so large that trades need to be put in manually as a result of the offer being too high for the market, the algorithm becomes less and less profitable. Not to mention the difficulty rate increases on the coins being mined as a result.