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

[BayCoins]

Keep an eye out for altcoinplex.com.
Currently alpha, but it's rather unique compared to other multi-pools. I just noticed them today and moved 1.5Mh over - see what payout is like tomorrow. It's a bit like mining in the dark right now.

Seems a little too MC clonish compared to WaffleHouse and CleverBros.. Way limited list of alts mined as well.. We want the newbies to be ultra nimble and act like PI's hunting down coins with good concepts and promotion ideas. For all I care they could scrape the top three rank sites and strictly mine those and trade a small portion by hand to time pumps. Anywho lets hope MC can get back its momentum..

[elpsycongro]

Wafflepool seems AWWESOME.. ALL HASH RATE POINTED THERE NOW.

Where is the Wafflepool thread like this , I must joined my bros n sis's

here you go
https://asktom.cf/index.php?topic=433634.860

[avidwriter]

i earned more in 16 hours at another site than 26 here.  waiting until h2o fixes whatever is going on.  compared BTC/1mhs on several sites over the last week and the low payouts here can't be due to weak altcoins in general as that trend wasn't seen on other sites. 

[drexel232]

Keep an eye out for altcoinplex.com.
Currently alpha, but it's rather unique compared to other multi-pools. I just noticed them today and moved 1.5Mh over - see what payout is like tomorrow. It's a bit like mining in the dark right now.

Seems a little too MC clonish compared to WaffleHouse and CleverBros.. Way limited list of alts mined as well.. We want the newbies to be ultra nimble and act like PI's hunting down coins with good concepts and promotion ideas. For all I care they could scrape the top three rank sites and strictly mine those and trade a small portion by hand to time pumps. Anywho lets hope MC can get back its momentum..

Yep, very basic but they are working on better stats - don't know what that means until it's out. I like the idea of allocating a percentage to each coin as opposed to coin switching all day long.

Close to what I'd like to see. Now, if I was in control of the coin choices as well as being able to allocate a percentage of work (hast/time/etc) across these choices, we'd have the ultimate multi-pool.

[coins101]

TTFN   

[STT]

What happened to the little weekly payout, 0.001.
Does that still go out

[drexel232]

What happened to the little weekly payout, 0.001.
Does that still go out

Been wondering that myself. I've got 2 accounts totally just over .012 going on 2 weeks now. Was going to PM him if nothing happens this week.

[fcmatt]

Keep an eye out for altcoinplex.com.
Currently alpha, but it's rather unique compared to other multi-pools. I just noticed them today and moved 1.5Mh over - see what payout is like tomorrow. It's a bit like mining in the dark right now.

Seems a little too MC clonish compared to WaffleHouse and CleverBros.. Way limited list of alts mined as well.. We want the newbies to be ultra nimble and act like PI's hunting down coins with good concepts and promotion ideas. For all I care they could scrape the top three rank sites and strictly mine those and trade a small portion by hand to time pumps. Anywho lets hope MC can get back its momentum..

Yep, very basic but they are working on better stats - don't know what that means until it's out. I like the idea of allocating a percentage to each coin as opposed to coin switching all day long.

Close to what I'd like to see. Now, if I was in control of the coin choices as well as being able to allocate a percentage of work (hast/time/etc) across these choices, we'd have the ultimate multi-pool.

That is a neat idea but the problem would be if you pick some coin combo the majority want nothing to do with and your hashing power and a few others might not be enough to find blocks reliably. For example you add litecoin for some reason and there is only 20 mhash/sec total mining it.. No block for a long time. Extreme example.

Any ideas on how to overcome that without creating a support nightmare? That is why i question alt coin pools that allow you to mine specfic coins while everyone else is mining something else. The many pools for each coin would all have to have considerable hashing power for their diff of the coin to work so people are happy. Otherwise long droughts.

[drexel232]

That is a neat idea but the problem would be if you pick some coin combo the majority want nothing to do with and your hashing power and a few others might not be enough to find blocks reliably. For example you add litecoin for some reason and there is only 20 mhash/sec total mining it.. No block for a long time. Extreme example.

Any ideas on how to overcome that without creating a support nightmare? That is why i question alt coin pools that allow you to mine specfic coins while everyone else is mining something else. The many pools for each coin would all have to have considerable hashing power for their diff of the coin to work so people are happy. Otherwise long droughts.

Picking the wrong coin would simply be that - picking the wrong coin. People would have the choice to be wrong, same as any other investment opportunity. A restricted number of coins would be offered and perhaps added/removed via community voting? It's a legitimate concern; however, I think it could be solved if properly designed. How exactly? I'm not entirely sure but if I did solve the problem, I would find myself in midst of developing what I want

If the switching engine was designed in a similar fashion as altcoinplex (and I'm speculating here, they're brand new), then it would simply be a matter of dynamically distributing the power based on user-selectable criteria. The criteria could be min/max shares found, simple time-based allocation, or even coin price thresholds.

I don't see support being a issue given proper development attention. The pool would be designed to behave this way. There are definitely technical challenges to overcome, but it sounds fun

[Cryptos2go]

Private coin trades are all fine and dandy but you are basically wanting someone to speculate with your money?
Two of the things you mentioned sound like investing with no short term gain and the other.. Riding alt trains does not make sense unless you mean hold the coins and see what happens (speculate again).

Might as well have the admin send it to satoshi dice once a day to see if we can double the profit or nothing...  i highly doubt users will be happy with low payouts for a month in speculation of one of your ideas will pan out three months from now. They will all leave.

Multipools organically involve mining and trading.. Having someone in charge who creatively makes more than what simple autosell scrypts do is an asset. Its too bad that MC H20 hasn't devloped his front end and communications to match his backroom dealings. The secret nature of MC is what kept many here; however being too secret when the house of cards is falling is either cocky or naive when Kilotons are leaving in droves. Who knows, the weight of that amount of hash power may be more of a hinderance than a benefit to the long term pool survival? This could all be planned for all we know.  

My other ideas are more launch point thoughts into where I see mining evolving into.. Imagine two rigs... One that pays the bills, and the other focused on only coin ipo's, alt-trains, and coin business investments. Both serve a purpose and have different return upsides.

BC Out!

Couldn't agree more BC, and I think you are spot on even if that spot is as of yet an undefined grey area. Huge potential for returns here (if you have any faith in the general concept/utility of crypto)

Sure there is risk involved but being a 'resource' close to this space might be one of the better ways to get in on some of the innovation that is just flooding this nascent sector, much of it happening in micro cap, I wouldn't think massive amounts of capitol are whats needed.

MC has paid out what 9m $ in btc since its inception 7 months ago?

Would I have a problem with 5-10% of my payout being spread amongst upstart Merchant services like Coinbase or hardware companies like KNCminer and any number of the ATM companies or exchanges like Cryptsy or development services like stress testing verticoin? Nope.

Admittedly I know nothing of the registration requirements for traditional VC investors and participants, let alone the hybrid this would represent. Besides just because you are an early adopter or innovator doesn't mean you will see any dividends. Just ask Laszlo or H20  


-Edit- I've been asking waiting and hoping H20 would implement some kind of hash allocation algorithm for several months. Here's a coinspiracy : Maybe H20 has done just that. Altcoinplex is the next stop after the CM test. Should be interesting, maybe they will have a few more coins in a day or 3. Thanks to whoever mentioned it.

[The Fat Miner]

BOOOOOOOOOO fucking Whoooooooooooooo, look middlecoins hash is now 18 gigahash, all the people with their pathetic 1 to 10 hash has left the buildling. What the hell will h20 do now. Oh NOOOOOOOOOOOOOOOOOOOOOOOO, how will i pay for my electricity!!!!!

Yeh Because you obviously must have a massive amount of hash to be calling 10 Mh/s pathetic , What an idiot 10 Mh/s is far from pathetic.

[drexel232]

-Edit- I've been asking waiting and hoping H20 would implement some kind of hash allocation algorithm for several months. Here's a coinspiracy : Maybe H20 has done just that. Altcoinplex is the next stop after the CM test. Should be interesting, maybe they will have a few more coins in a day or 3. Thanks to whoever mentioned it.

You completely read my mind!!!! I thought the exact same thing: MC 2.0. 

[closesat315am]

...

Would I have a problem with 5-10% of my payout being spread amongst upstart Merchant services like Coinbase or hardware companies like KNCminer and any number of the ATM companies or exchanges like Cryptsy or development services like stress testing verticoin? Nope.

cryptostocks.com allows you to invest VC style into various crypto projects and get dividends paid. they have a high min withdrawl, but its kinda neat, take your mining from one day a week and invest it into something

[fcmatt]

-Edit- I've been asking waiting and hoping H20 would implement some kind of hash allocation algorithm for several months. Here's a coinspiracy : Maybe H20 has done just that. Altcoinplex is the next stop after the CM test. Should be interesting, maybe they will have a few more coins in a day or 3. Thanks to whoever mentioned it.

You completely read my mind!!!! I thought the exact same thing: MC 2.0. 

What am i missing with altcoinplex that makes it diff from other multi pools besides paying out in 3 diff coins?
Just having a proxy that splits the hash power to some coins at the same time? Instead of slamming one at a time?

[drexel232]

What am i missing with altcoinplex that makes it diff from other multi pools besides paying out in 3 diff coins?
Just having a proxy that splits the hash power to some coins at the same time? Instead of slamming one at a time?

Basically, little to no coin switching. The list of coins are mined constantly, but at varying percentages.

EDIT: Have to see how it performs under load, but I'm guessing that reject rates would be similar to mining a single coin directly. All day, I've been < 1%.

[fcmatt]

What am i missing with altcoinplex that makes it diff from other multi pools besides paying out in 3 diff coins?
Just having a proxy that splits the hash power to some coins at the same time? Instead of slamming one at a time?

Basically, little to no coin switching. The list of coins are mined constantly, but at varying percentages.

EDIT: Have to see how it performs under load, but I'm guessing that reject rates would be similar to mining a single coin directly. All day, I've been < 1%.

if their proxy works as i think it might be.. you could be mining a higher diff coin and get less rejects while another user could be mining a lower diff coin and have many rejects. I imagine they tie the miner's source IP to a stratum daemon that mines a specific coin. Therefore you could have other miners on a diff source IP mining a totally diff coin with a diff reject rate.

That makes me wonder if some users will complain their payout is smaller then others since they had many more rejects..

[zefo]

i earned more in 16 hours at another site than 26 here.  waiting until h2o fixes whatever is going on.  compared BTC/1mhs on several sites over the last week and the low payouts here can't be due to weak altcoins in general as that trend wasn't seen on other sites. 

What site are you using?

[avidwriter]

i earned more in 16 hours at another site than 26 here.  waiting until h2o fixes whatever is going on.  compared BTC/1mhs on several sites over the last week and the low payouts here can't be due to weak altcoins in general as that trend wasn't seen on other sites. 

What site are you using?

clevermining.  reduced the intensity on the 7850s to 17 and it seems to be working ok so far. 

[Cryptos2go]

...

Would I have a problem with 5-10% of my payout being spread amongst upstart Merchant services like Coinbase or hardware companies like KNCminer and any number of the ATM companies or exchanges like Cryptsy or development services like stress testing verticoin? Nope.

cryptostocks.com allows you to invest VC style into various crypto projects and get dividends paid. they have a high min withdrawl, but its kinda neat, take your mining from one day a week and invest it into something

Thanks for reminding me. Maybe It's time for another look. I hemmed, hawed and kicked the tires on the Cryptsy shares a day or 2 after they were announced.

I'm sure there have been others, maybe several, better suited for investment than Cryptsy. I was just familiar with Cryptsy at the time and despite its growing pains and questionable timing on what appear to be occasional deposit/withdrawal delays, I think BV has done a decent job with it and I like his approach to an open market as compared to say BTC-e when it comes to adding coins.

I probably should have tried to get more info but assumed that what I was seeing was all they were willing to disclose at the time.

I would assume it's the norm for a typical VC to have a bit more access to detailed financials/business plan type of info before investing, albeit under non disclose, non compete conditions.

Even so I don't coinsider  ha haha hahahahaha , myself to be a competent judge of capitol worthy ventures especially given the technical nature and sheer volume of all these possibilities. I could see that as being a full time job for, well tech VC's.

That said I get your point though.

[Cryptos2go]

What am i missing with altcoinplex that makes it diff from other multi pools besides paying out in 3 diff coins?
Just having a proxy that splits the hash power to some coins at the same time? Instead of slamming one at a time?

Basically, little to no coin switching. The list of coins are mined constantly, but at varying percentages.

EDIT: Have to see how it performs under load, but I'm guessing that reject rates would be similar to mining a single coin directly. All day, I've been < 1%.

if their proxy works as i think it might be.. you could be mining a higher diff coin and get less rejects while another user could be mining a lower diff coin and have many rejects. I imagine they tie the miner's source IP to a stratum daemon that mines a specific coin. Therefore you could have other miners on a diff source IP mining a totally diff coin with a diff reject rate.

That makes me wonder if some users will complain their payout is smaller then others since they had many more rejects..

I would think less coin switching also and possibly the addition of "coin type" optimizations. An example might be lower share difficulty for the low difficulty fast block time coins. Assuming reject rate is based on blocks solving faster than spec, and not on latency (which of course also plays a factor) the rejects should be minimal. Until some coin switching pool without hash allocation comes along and blows the baby out of the bathtub.