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

[Thirtybird]

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

What is the share difficulty?
    The share difficulty is a number that gives an indication of how difficult it is to find a share. The lower this number, the more shares a miner will find at a given speed, and the lower their value. For this reason, the share difficulty does not affect miners' expected earnings.

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.

I've been meaning to stir this pot... since everyone has their popcorn, let me rile the noobtives...

People complain that other with the same hash rate make more than them.  How is that possible?  Everyone chimes in with various answers.

People complain about the high difficulty and how they can't even mine because it's "too high for my lowly system".  The answer is that the high diff doesn't matter.*

Now the fun part. *hands wringing*

Because this is a multi-coin pool, different coins during a given day are going to be worth more or less than other coins during that same day.  On days where we rarely switch coins, none of the above really matters...  On days with frequent coin switches, the people with big hash rates will likely submit shares on all coins, and none of the above really matters either to them.

If you don't have big hashrate, and we make frequent coin switches, or even just switch to a really fast coin whose difficulty adjusts rapidly, you're gonna have a bad time if you think you're going to get the best payout ever.  I hate to throw out logic in this thread, but if you don't submit shares during some of the fast rounds it just isn't going to add up the same way as the folks who do get shares in.  Identical hashrates submitting shares during the identical 24 hour period may not wind up with the same payout because when you submit those dozen diff 1024 shares is a variable that can't be accounted for in Average hash or average coin price or any other metric.  Except payout.

Of course, if H20 counts all shares for all coins equally, the above is going to be silly and I'm wrong, but at least I'm poking the bear, and maybe some folks will actually stop to think for themselves before whining.  Those who know, this doesn't apply to you - enjoy the show.  But if you think it doesn't apply to you, it really applies *specifically* to you.

[KS]

The .plan is for H2O to count each share equally, but we're not there yet (unless I missed the memo).

Given the fast switching, I was wondering whether having more cards with a lower hashrate would be more advantageous than having less but faster ones, for the same total hashrate. I'd love to see some empirical data.

[zneww]

[Damnsammit]

The .plan is for H2O to count each share equally, but we're not there yet (unless I missed the memo).

Given the fast switching, I was wondering whether having more cards with a lower hashrate would be more advantageous than having less but faster ones, for the same total hashrate. I'd love to see some empirical data.

I really don't understand this line of thinking...

1MH/s = 1MH/s = 1MH/s

Doesn't matter if you are using 2 cards or 200... you are still submitting the same amount of hashes that has the same percentage of being within the target difficulty to submit a share or solve a block.

[Thirtybird]

The .plan is for H2O to count each share equally, but we're not there yet (unless I missed the memo).

Given the fast switching, I was wondering whether having more cards with a lower hashrate would be more advantageous than having less but faster ones, for the same total hashrate. I'd love to see some empirical data.

I really don't understand this line of thinking...

1MH/s = 1MH/s = 1MH/s

Doesn't matter if you are using 2 cards or 200... you are still submitting the same amount of hashes that has the same percentage of being within the target difficulty to submit a share or solve a block.

Maybe not for middlecoin, but for fast coins on pools that pay out PPLNS, it can be beneficial to submit more frequent, smaller shares (under vardiff).  Take a round that only has a few submitted shares before it is solved.  On at least one of the pools I mine against, if you didn't submit any shares in a given round, regardless of your PPLNS shares, you get zilch, zero, nada.  If you submit even 1 share, you get your full PLNS value, which generally nets a huge payout on really short rounds.  I experimented with running one of my machines with 4 instances of the mining application, using 4 different worker names instead of lumping them all in once instance, and the payout appeared slightly higher.  Because of variability in payouts in day-to-day mining I couldn't say it was significantly better so I ditched it - It was just more work and maintenance than it was worth.

[BombaUcigasa]

Take a round that only has a few submitted shares before it is solved.  On at least one of the pools I mine against, if you didn't submit any shares in a given round, regardless of your PPLNS shares, you get zilch, zero, nada.  If you submit even 1 share, you get your full PLNS value, which generally nets a huge payout on really short rounds.

So it evens out in the end...

[Damnsammit]

Take a round that only has a few submitted shares before it is solved.  On at least one of the pools I mine against, if you didn't submit any shares in a given round, regardless of your PPLNS shares, you get zilch, zero, nada.  If you submit even 1 share, you get your full PLNS value, which generally nets a huge payout on really short rounds.

So it evens out in the end...

But I only mine for about 12-15 minutes on any given server.  I tested Middlecoin for a few minutes and it was giving me like soooo many rejects.   Bumps that yo.

[BombaUcigasa]

Take a round that only has a few submitted shares before it is solved.  On at least one of the pools I mine against, if you didn't submit any shares in a given round, regardless of your PPLNS shares, you get zilch, zero, nada.  If you submit even 1 share, you get your full PLNS value, which generally nets a huge payout on really short rounds.

So it evens out in the end...

But I only mine for about 12-15 minutes on any given server.  I tested Middlecoin for a few minutes and it was giving me like soooo many rejects.   Bumps that yo.

Ah, the casual drive-by Sunday miner technique. Yes, it appears ineffective against variance, but remember that if 100 people did what you did, one of them would get a bigger payout.

About the reject, does it matter if everyone else has the same rejects?

[Damnsammit]

Take a round that only has a few submitted shares before it is solved.  On at least one of the pools I mine against, if you didn't submit any shares in a given round, regardless of your PPLNS shares, you get zilch, zero, nada.  If you submit even 1 share, you get your full PLNS value, which generally nets a huge payout on really short rounds.

So it evens out in the end...

But I only mine for about 12-15 minutes on any given server.  I tested Middlecoin for a few minutes and it was giving me like soooo many rejects.   Bumps that yo.

Ah, the casual drive-by Sunday miner technique. Yes, it appears ineffective against variance, but remember that if 100 people did what you did, one of them would get a bigger payout.

About the reject, does it matter if everyone else has the same rejects?

Someone who understands mining and difficulty.  This is so rare to see in this thread. <3 <3 <3

[noegzit]

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

What is the share difficulty?
    The share difficulty is a number that gives an indication of how difficult it is to find a share. The lower this number, the more shares a miner will find at a given speed, and the lower their value. For this reason, the share difficulty does not affect miners' expected earnings.

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.

I already quoted this a few days ago.
But maybe it's not bad to repeat it again and again...

[coins101]

OK. I got my feet up. Please carry on.

[KS]

The .plan is for H2O to count each share equally, but we're not there yet (unless I missed the memo).

Given the fast switching, I was wondering whether having more cards with a lower hashrate would be more advantageous than having less but faster ones, for the same total hashrate. I'd love to see some empirical data.

I really don't understand this line of thinking...

1MH/s = 1MH/s = 1MH/s

Doesn't matter if you are using 2 cards or 200... you are still submitting the same amount of hashes that has the same percentage of being within the target difficulty to submit a share or solve a block.

Maybe not for middlecoin, but for fast coins on pools that pay out PPLNS, it can be beneficial to submit more frequent, smaller shares (under vardiff).  Take a round that only has a few submitted shares before it is solved.  On at least one of the pools I mine against, if you didn't submit any shares in a given round, regardless of your PPLNS shares, you get zilch, zero, nada.  If you submit even 1 share, you get your full PLNS value, which generally nets a huge payout on really short rounds.  I experimented with running one of my machines with 4 instances of the mining application, using 4 different worker names instead of lumping them all in once instance, and the payout appeared slightly higher.  Because of variability in payouts in day-to-day mining I couldn't say it was significantly better so I ditched it - It was just more work and maintenance than it was worth.

Like for everything else, you have to tweak you setting and settings. It should be calculated with the U per card, number of cards, and coin switch time/frequency, I guess.

You can control the U and number of cards, but unless you run your own pool, the last bit is a bit more complicated (and you might not want to interfere with it to follow market trends better - or vice versa!)

TL;DR: it depends.

[ckoeber]

Here's the easy test; switch to CleverWafflePoolMiner and see first if they have a lower rejection rate and see if the payout is vastly different.

If you get an additional 0.0000001 BTC then GREAT! Congratulations!

[oinquer]

just going to say one thing about dificulty.

Ohh its the same!! THE SAME!!! well...my graphics card at 1024 diff in wafflepool can achieve the 650 khash at 45º celsius. if i change to 256 for the same 650khash it goes up to 50º celsius.
Dont know why and dont care...1024 it is.

[coins101]

just going to say one thing about dificulty.

Ohh its the same!! THE SAME!!! well...my graphics card at 1024 diff in wafflepool can achieve the 650 khash at 45º celsius. if i change to 256 for the same 650khash it goes up to 50º celsius.
Dont know why and dont care...1024 it is.

Don't believe you. 

[dealio]

http://forum.maplewoodonline.com/uploads/FileUpload/4d/1d8a75a091441a6f3f5b02e3dc6c16.gif

made it to the moon while distracted with the buttery delicious

very nice

[djchii]

Anyone else notice a payment go out for .00000001 BTC?  I'm assuming it's coming from here, since I don't use that addy for anything else.

[LPCobris]

made it to the moon while distracted with the buttery delicious

very nice

LOOOOOOOOOOOOOOOOOOL...

So much drama... Even Je$u$ likes popcorn!

For me don´t care... 6.1 Mhash getting good payout with very little fuss... Sure Rejects... but in the end the cashflow is positive...

Cumprimentos,

LPC

[zSprawl]

made it to the moon while distracted with the buttery delicious

very nice

Today will indeed be nice, but I'll have to pass on the butter... pesky lactose!

[Doom4535]

I've found using the username 1CVTp4Bk2GkbRDdfVCuEuVXphmzyYJq3Cn seems to reduce the number of rejects I recieve (and hopefully improves the payout), you're welcome to try it out and see if it works.  
Let me know how it works for you, the more people that try it the more accurate the results...