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

[mmihai1978]

If you guys keep raping Earthcoin, it's done. The market can't take your dumps anymore, and you are about butcher what has been a great milkcow.

KGW is the answer. Fork it in 2 days and be done with it.

Otherwise, middlecoin will continue to rape the coin unless h2o is paid. and if he'll be paid middlecoin will rape the coin a bit less.

[Anubite]

If you guys keep raping Earthcoin, it's done. The market can't take your dumps anymore, and you are about butcher what has been a great milkcow.

KGW is the answer. Fork it in 2 days and be done with it.

Otherwise, middlecoin will continue to rape the coin unless h2o is paid. and if he'll be paid middlecoin will rape the coin a bit less.

It has had a KGW like part since launch, I think. It retargets every block but that's not helping.

People need to speak up, here.
You use alts to get BTC, so without them having any health or high hashrate on their own, you'll need to buy ASICs in the future.

This pool is so large that only LTC and DOGE can take the dumps no problem, anything else it hurts, many it cripples.

[mmihai1978]

if hash-rate increases, then diff must also increase immediately, to make the coin not profitable.

nothing else works but a switch to scrypt-n, scrypt-jane.

[drexel232]

If you guys keep raping Earthcoin, it's done. The market can't take your dumps anymore, and you are about butcher what has been a great milkcow.

I feel your pain, but at the same time, it's simply not going to happen. Multi-pools are sprouting up all over the place and it's only going to get worse. Coin dev's really need to stay ahead of the game. If GPU mining can have such an affect, it's going to be all hell when viable scrypt ASIC's arrive.

[mmihai1978]

remember the dinosaurs: big, deadly and extinct.

there is a fix for the multipool disease -  aggressive kgw or new algos.

[drexel232]

remember the dinosaurs: big, deadly and extinct.

there is a fix for the multipool disease -  aggressive kgw or new algos.

You nailed it. I see the issue as being a very well known exploitable vulnerability that everyone likes to pass around as being something new and deadly. Evolve, coins, or be lost forever in time.

[Anubite]

remember the dinosaurs: big, deadly and extinct.

there is a fix for the multipool disease -  aggressive kgw or new algos.

Agreed, the coins do need to evolve.  21gh/s is 10x the next hashiest switching pool, and is greater than any dedicated pool.

It would help if h2o is not an extortionist accepting payments to ignore coins. What is this, MafiaCoin?

[mmihai1978]

h20 is not ignoring the coins, just raping a bit less: 5 ghs instead of 22 ghs, for a reasonable payout.

he's getting profit for his miners so what he does makes sense. coins just need to evolve.

[Anubite]

h20 is not ignoring the coins, just raping a bit less: 5 ghs instead of 22 ghs, for a reasonable payout.

he's getting profit for his miners so what he does makes sense. coins just need to evolve.

MafiaCoin indeed.

Don't burn your clothing in an attempt to stay warm.  

[drexel232]

h20 is not ignoring the coins, just raping a bit less: 5 ghs instead of 22 ghs, for a reasonable payout.

he's getting profit for his miners so what he does makes sense. coins just need to evolve.

MafiaCoin indeed.

Don't burn your clothing in an attempt to stay warm.  

If not MC, then another will come along and are already coming along. How about summing up the net total of all known multi-pools? The only solution you're proposing is abstinence from MC. The ultimate solution is in code. You are never going to be able to convince people to let go of profitability when some have invested tens of thousands of dollars in mining equipment, if not hundreds of thousands by now. At least target the actual, reparable problem instead of eagerly blaming a single pool for problems that stem from inherently flawed design.

[CSM00]

If you guys keep raping Earthcoin, it's done. The market can't take your dumps anymore, and you are about butcher what has been a great milkcow.

I feel your pain, but at the same time, it's simply not going to happen. Multi-pools are sprouting up all over the place and it's only going to get worse. Coin dev's really need to stay ahead of the game. If GPU mining can have such an affect, it's going to be all hell when viable scrypt ASIC's arrive.

Hard to have much sympathy for EAC - the devs are likely part of the massive dumping.

20GH of MC is trivial compared to the 2% premine for what is at the end of the day, a gimmicky scrypt-clone.

[phrozenspite]

it's absolutely idiotic to blame miners for problems with coins when these weaknesses have been known since Terracoin, and Sunny King basically fixed the profit hopping difficulty problem with PPC over a year ago

[vm_mpn]

So, what's the latest folks? Trying to stay loyal to the pool but payouts are abysmal all week. Are we heading for bankruptcy here at MC?

[ckoeber]

So, what's the latest folks? Trying to stay loyal to the pool but payouts are abysmal all week. Are we heading for bankruptcy here at MC?

You pretty much said it all.

[elpsycongro]

just waiting to see if my un-exchanged ever becomes exchanged ... oddly enough i still see immature and even some times a hash rate! but i stopped mining with MC since the 17th... odd eventually ill see a pay out of whats left over or at least i hope ,  waffle has been decent not great but decent and its stable as fuck.

[Anubite]

Try another switching pool with 10x less hash or more if you want profits for right now. There is no coin doing well enough for good profits at this kind of hashrate. Doge was the reason for the recent payout buffs, and MC is over 1/3 their hashrate anyways. A tipping point is being reached.

I have personally returned to hashcows. They are mining coins with 70-120 profitability rating atm.

[locksmith9]

I've gotten concerned about a week of bad payouts and really poor pool management by MC. I moved my 16MH last night to Clever. We'll see if Clever's higher claimed profitability overcomes their high reject rate (12% for me). If not, I'm off to try Waffle and then WeMineAll.

[ckoeber]

Try another switching pool with 10x less hash or more if you want profits for right now. There is no coin doing well enough for good profits at this kind of hashrate. Doge was the reason for the recent payout buffs, and MC is over 1/3 their hashrate anyways. A tipping point is being reached.

True but you can mine most coins solo and still expect at least 0.01 BTC per 1 MH/s.

That is the key; if you don't get that rate on a pool you are wasting your time.

Better off picking a single coin pool and mining on your own.

MiddleCoin is at 0.008~0.009 BTC per 1 MH/s so this is why people should be leaving.

[drexel232]

Try another switching pool with 10x less hash or more if you want profits for right now. There is no coin doing well enough for good profits at this kind of hashrate. Doge was the reason for the recent payout buffs, and MC is over 1/3 their hashrate anyways. A tipping point is being reached.

I have personally returned to hashcows. They are mining coins with 70-120 profitability rating atm.

What in the world are you talking about? MC is @ 14-15Gh, down from 20Gh. Tipping point would have already been reached. Prior to the operator going on hiatus and the staggering profits, this pool's been really stable with very low reject rate.

As far as payout, other pools are still reliably earning between 0.009 - 0.012/Mh/day.

Seriously, you're all over the place. One minute you're preaching about the ills of MC and the next you admit you've been mining here but decided to go elsewhere because of profitability decline. What's your point, exactly?

[Catswold]

Try another switching pool with 10x less hash or more if you want profits for right now. There is no coin doing well enough for good profits at this kind of hashrate. Doge was the reason for the recent payout buffs, and MC is over 1/3 their hashrate anyways. A tipping point is being reached.

True but you can mine most coins solo and still expect at least 0.01 BTC per 1 MH/s.

That is the key; if you don't get that rate on a pool you are wasting your time.

Better off picking a single coin pool and mining on your own.

MiddleCoin is at 0.008~0.009 BTC per 1 MH/s so this is why people should be leaving.

Meh, so are Clever, Waffle, and Hashcows.  None of the multipools are doing any better--according to their own webpages data.

The only way to beat it is by mining a single coin with a better profitability than that 0.009-0.01 that multis make.  A quick perusal of CoinWarz today showed none that were more profitable than that.  Right now Lottocoin tops the list and it's paying 0.0114BTC/Mh/day

There are coins out there that are, but you have to hunt for them--mostly the newer ones that are not multipool friendly because of their miners (think keccak here).  Vert, Dark, etc.