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

[blueriver]

Is there a way to get work difficulty to be adjustable? With work difficulty at 1012, it's hard for those with very low-end mining rigs...

[jfloresk8]

Is there a way to get work difficulty to be adjustable? With work difficulty at 1012, it's hard for those with very low-end mining rigs...

I think the difficulty is static at 512 not 1012. And although you won't be getting shares rapidly, they are still worth more than a share of say diff 16. You'd have to some math to find if a vardiff server is more profitable or not.

[elpsycongro]

Is there a way to get work difficulty to be adjustable? With work difficulty at 1012, it's hard for those with very low-end mining rigs...

I think the difficulty is static at 512 not 1012. And although you won't be getting shares rapidly, they are still worth more than a share of say diff 16. You'd have to some math to find if a vardiff server is more profitable or not.

wasnt difficulty increased to 1024 from 512? did it go down to 512 again?

[Catswold]

Is there a way to get work difficulty to be adjustable? With work difficulty at 1012, it's hard for those with very low-end mining rigs...

I think the difficulty is static at 512 not 1012. And although you won't be getting shares rapidly, they are still worth more than a share of say diff 16. You'd have to some math to find if a vardiff server is more profitable or not.

No difficulty is set at 1024.

[fyff]

Well Doge/Moon craze is almost over time to move on...

[ckoeber]

Was it just me or did the Oregon server go out? I am on the Northern VA server now.

Just checking...

[envy2010]

...

I notice diff is 1K, so that's 0.4-0.6 WU for the best GPU (per unit) made.  That's only submitting 1 block per 1.5-2 minutes....  Isn't it odd to have a difficulty this high, when several of the coins being mined here are not above 1K difficulty for the network?

...

Scrypt difficulties are actually share difficulty / 65536. For example, the network difficulty for DOGE is 1147, but you have to find a 75,200,000 share to solve a block.

The 1024 share difficulty is equivalent to a network difficulty of 0.0156, and very few profitable coins have diffs that low.

where 75,200,000 comes from?

From 1147 (current DOGE difficulty) * 65563 (the factor you have to multiply share difficulty by to get scrypt difficulty) = 75169000ish

[envy2010]

Ok, so I've been looking at the profitability of Middlecoin going back to last year.  In a nutshell, my math says back in September and October, at  least for the stretches of time that I could actually fine numbers, folks would have been netting out around $2.35/Mhash/day USD using the Coinbase price at the time.

Starting in December, after the price of Bitcoin went through the roof, that number jumped to $13/Mhash/day.

For the past three days, it's been $11 to $16.  

At $2.35/day using 450 watts at $0.10/kwh, a person would have spent $30/mo on electricity and taken in $70 from mining, for a profit of $40/mo.  If hardware cost was $700 (which is lowish for 1Mhash), you'd have been looking at 18 months to break even.

So... what was the draw way back when this pool started up?  At $10+/Mh/day, it's a no-brainer.  But that seems to be very recent.  I feel like I'm missing something somewhere...

The draw was the same as now.... max profits (i.e. much better than straight LTC), paid out daily in BTC.

Before DOGE launched (mid-December), the pool was less than 2 GH/s. Now it's ten times that.

My point is that in September, the math added up to very poor profitability.  It might have been less poor than mining LTC or any specific coin, but still poor.  Before the profitability shot up, were folks simply putting their gaming cards to use, as opposed to deploying $2000+ rigs specifically for profit?

Before BTC shot up around the end of November, $700 would get you almost 2 MH/s if you shopped right (7950s were under $180 on ebay). Break-even was about 6 months. Hardware prices more than doubled since then.

[khm]

new beta server:
amsterdam.middlecoin.com

[Biggen]

Maybe that server will payout something *cough* other than BTC...

[zneww]

Maybe that server will payout something *cough* other than BTC...

ha. i like where h20 is going. free weed.

[pindis]

new beta server:
amsterdam.middlecoin.com

uhm who are you?

[Gamer67]

It's OK, He is getting the info from the Middlecoin Twitter.

[pindis]

It's OK, He is getting the info from the Middlecoin Twitter.

Missed that tweet! - Sorry Khm!

[Biggen]

Going to be a shitty payout today with the server issues this morning coupled with the dive that BTC took today.  Ah well, always another day.

[The Fat Miner]

Going to be a shitty payout today with the server issues this morning coupled with the dive that BTC took today.  Ah well, always another day.

Couldn't agree more, It's like somebody had it in for me, Miner shut down and massive rejects and server problems means a very poor payout today 

[rwessels]

I did fine today (.013) pointing to useast is primary and a few others as backup.  Not near as well as the other days, but I consider anything over .01 to be decent.

[Gamer67]

Todays payout will only be lower if you cash in the BTC today. Hold it till the market is a bit more favorable and then upon reflection today would have be pretty good.

That is how I like to look at it anyway

[willittobe]

Since I remember some people on this thread talking about how easy scrypt mining was, I figured I should link this up: http://www.devtome.com/doku.php?id=the_myth_of_the_lazy_miner

[deltree]

in around last 8-10 hours my reject rate has been 7%...is this normal...always on middlecoin.com i have these days when rejects are huge and I am forced to hop here and there:(
On the second miner rig its 9%