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

[Damnsammit]

Oh how I love the levels of stupidity achieved in this thread.

[gsrcrxsi]

Oh how I love the levels of stupidity achieved in this thread.

devil pop. bringing popcorn eating to a new level.

[Neon001]

So what are the predictions for Middlecoin profitability once Doge block rewards halve in a few days?

[falsealarm_bf]

All kidding aside, how can we help the deceiving MtGox meet it's maker sooner? I seriously detest what they have done to the market (which I strongly believe was intentional) and would be happy knowing I contributed (with anything less of any criminal activity) to its demise.

[jedimstr]

All kidding aside, how can we help the deceiving MtGox meet it's maker sooner? I seriously detest what they have done to the market (which I strongly believe was intentional) and would be happy knowing I contributed (with anything less of any criminal activity) to its demise.

Well on their way... many news orgs and CryptoExchange Indexers have already removed Mt. Gox from their listings.

The best thing you could do would be to msg/tweet/email the remaining organizations that use Mt. Gox's #'s to remove them as a data source.

Semi-Full Disclosure: I work for a major global financial news org and am already working with the Market Data folk to source different entities for Bitcoin/USD pricing (Coinbase, Bitstamp, BTC-E and others rather than Mt. Gox).  So already doing my part

[gsrcrxsi]

So what are the predictions for Middlecoin profitability once Doge block rewards halve in a few days?

no idea. everyone talks about block halving = spike in value, but im skeptical. but from a mining perspective, say *hypothetically* that once the block reward halves, the value doubles. profitability would be unchanged. but realistically, i see value changing very little (at least at first) meaning it will drop in profitability by about half. and if the profitability algorithm is up to snuff, it should pick whatever is most profitable, and not pick DOGE anymore. but since no one really knows what coin we are mining (without diff/speed comparisons), and no one really knows the specifics of H2O's code, its anyone's guess.

we're approaching .012/MH today. pretty decent.

[Neon001]

So what are the predictions for Middlecoin profitability once Doge block rewards halve in a few days?

no idea. everyone talks about block halving = spike in value, but im skeptical. but from a mining perspective, say *hypothetically* that once the block reward halves, the value doubles. profitability would be unchanged. but realistically, i see value changing very little (at least at first) meaning it will drop in profitability by about half. and if the profitability algorithm is up to snuff, it should pick whatever is most profitable, and not pick DOGE anymore. but since no one really knows what coin we are mining (without diff/speed comparisons), and no one really knows the specifics of H2O's code, its anyone's guess.

we're approaching .012/MH today. pretty decent.

My thoughts as well.  I can't really conceive of the rationale behind it doubling in value overnight.  That'd be like doing a 2-1 inverse stock split, and it's not like half of all Doge mined is disappearing...  As you say, more than likely it'll just plummet in mining profitability, and the value will stay level or possibly go up slightly simply from confidence that value will not continue to dilute. 

I do believe it'll have an impact on middlecoin though.  Just watching the miner for 10 minutes shows you that Doge is one of the most heavily mined coins, maybe as high as 50% of the total portfolio or more.  If that simply goes away.  Well, who knows.

[glon]

Breaking news:

h2o not only stealing our coins - he also duping them on exchanges via infamous "Gox bug". Stay tuned.

[falsealarm_bf]

So what are the predictions for Middlecoin profitability once Doge block rewards halve in a few days?

no idea. everyone talks about block halving = spike in value, but im skeptical. but from a mining perspective, say *hypothetically* that once the block reward halves, the value doubles. profitability would be unchanged. but realistically, i see value changing very little (at least at first) meaning it will drop in profitability by about half. and if the profitability algorithm is up to snuff, it should pick whatever is most profitable, and not pick DOGE anymore. but since no one really knows what coin we are mining (without diff/speed comparisons), and no one really knows the specifics of H2O's code, its anyone's guess.

we're approaching .012/MH today. pretty decent.

My thoughts as well.  I can't really conceive of the rationale behind it doubling in value overnight.  That'd be like doing a 2-1 inverse stock split, and it's not like half of all Doge mined is disappearing...  As you say, more than likely it'll just plummet in mining profitability, and the value will stay level or possibly go up slightly simply from confidence that value will not continue to dilute.  

I do believe it'll have an impact on middlecoin though.  Just watching the miner for 10 minutes shows you that Doge is one of the most heavily mined coins, maybe as high as 50% of the total portfolio or more.  If that simply goes away.  Well, who knows.

That will be the true test of H2O's (assumed/perceived) abilities. Many people refer to his back alley dealings for out-of-exchange conversion of coins mined. If that is true, than one would hope he identifies another coin to push.

[Catswold]

"What is this that stands before me?
Figure in black which points at me
Turn around quick and start to run
Find out I'm the chosen one, oh nooo!"  

IT'S H2O!!!!!   He's coming to steal our BTC (and our popcorn too)!!!!!!!

[jedimstr]

So what are the predictions for Middlecoin profitability once Doge block rewards halve in a few days?

no idea. everyone talks about block halving = spike in value, but im skeptical. but from a mining perspective, say *hypothetically* that once the block reward halves, the value doubles. profitability would be unchanged. but realistically, i see value changing very little (at least at first) meaning it will drop in profitability by about half. and if the profitability algorithm is up to snuff, it should pick whatever is most profitable, and not pick DOGE anymore. but since no one really knows what coin we are mining (without diff/speed comparisons), and no one really knows the specifics of H2O's code, its anyone's guess.

we're approaching .012/MH today. pretty decent.

My thoughts as well.  I can't really conceive of the rationale behind it doubling in value overnight.  That'd be like doing a 2-1 inverse stock split, and it's not like half of all Doge mined is disappearing...  As you say, more than likely it'll just plummet in mining profitability, and the value will stay level or possibly go up slightly simply from confidence that value will not continue to dilute. 

I do believe it'll have an impact on middlecoin though.  Just watching the miner for 10 minutes shows you that Doge is one of the most heavily mined coins, maybe as high as 50% of the total portfolio or more.  If that simply goes away.  Well, who knows.

That will be the true test of H2O's (assumed/perceived) abilities. Many people refer to his back alley dealings for out-of-exchange conversion of coins mined. If that is true, than one would hope he identifies another coin to push.

One word... MEOW...

[gsrcrxsi]

is stratehm.net broken for anyone else? doesnt seem to be updating for me. while the official reports page is

stratehm usually updates faster for me.

[coins101]

So what are the predictions for Middlecoin profitability once Doge block rewards halve in a few days?

The moon will be reached. The next mission is to Mars.

Doge needs to reach $20bn by the end of 2014 so that everyone can donate enough to sponsor the real mission to Mars.

[elpsycongro]

is stratehm.net broken for anyone else? doesnt seem to be updating for me. while the official reports page is

stratehm usually updates faster for me.

I use it too and its also not updating , went to the main middle coin site and its stratehm is running behind on reporting

[Gasai Yuno]

im always mad about rejected rates. i tried some other pools.

i can say middlecoin maybe have really bad ass server issues. but against this, middlecoin is best about profits. i dont think again leaving here.

[popoyaya]

Noob miner here, dipping my toes into the pool with my laptop's GT650M 
Just wondering why cudaminer reports a consistent 63 kH/s but stratehm.net shows on average around 37?
Earned a mighty 0.0008 BTC on my first day!

[ckoeber]

Noob miner here, dipping my toes into the pool with my laptop's GT650M 
Just wondering why cudaminer reports a consistent 63 kH/s but stratehm.net shows on average around 37?
Earned a mighty 0.0008 BTC on my first day!

I wouldn't worry about it; I get dips like that but the payouts are where it should be for the hashrate I am working with...

[coins101]

Noob miner here, dipping my toes into the pool with my laptop's GT650M 
Just wondering why cudaminer reports a consistent 63 kH/s but stratehm.net shows on average around 37?
Earned a mighty 0.0008 BTC on my first day!

Laptop?

Dude, how is your laptop going to deal with all the heat? You will kill it. Mining a few $ is not worth killing a laptop.

Heat is one of the reasons why people use open rigs.

Sorry to put a downer on your first day of BTC earnings. Just looking out for you.

[elpsycongro]

yeah i would say stay away from using a laptop , however when i started i also used my laptop just to see how it all worked .. i later bought 1 gpu for a pc i had laying around and saw a world of difference , haven't used laptop for mining since

[gsrcrxsi]

Noob miner here, dipping my toes into the pool with my laptop's GT650M 
Just wondering why cudaminer reports a consistent 63 kH/s but stratehm.net shows on average around 37?
Earned a mighty 0.0008 BTC on my first day!

Laptop?

Dude, how is your laptop going to deal with all the heat? You will kill it. Mining a few $ is not worth killing a laptop.

Heat is one of the reasons why people use open rigs.

Sorry to put a downer on your first day of BTC earnings. Just looking out for you.

been mining PTS on both the GPU (GTX460m) and CPU (i7-2320qm, 8 threads) in my Alienware M17x-R3 laptop. been running non-stop for months now. no issues.