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

[Accordus]

Yes a simple 21-day average is available here where I assume you grabbed your stats from:
http://poolpicker.eu/

The flaw in your point is that past performance means nothing for future results.
[/quote]

Yeah, but my data is more complex than a simple 21 average. My method suggests that even hashing through any arbitrary BAD DAYS on any pool you should (have) stay(ed) on CM as long as you could.
Of course, past means nothing about future results. But better indicates overall pool direction or competence/luck maybe? And maybe this is what we want to know. How knowledgeable/lucky the operator is.

Just and idea anyways.

[p2mmao]

I've mined this pool for around 38 hours, I still don't received my payout, is it normal?  Now it seems the pool stops exchange coins for me, my state is below:

1.1185       0.00235729    0.00802408    0.00402734

   

[ebliever]

I've mined this pool for around 38 hours, I still don't received my payout, is it normal?  Now it seems the pool stops exchange coins for me, my state is below:

1.1185       0.00235729    0.00802408    0.00402734

   

You need to reach 0.01 in the last figure to get a payout, except once a week you get paid out if you are over 0.001 BTC.

[coinGeek]

Yeah, but my data is more complex than a simple 21 average. My method suggests that even hashing through any arbitrary BAD DAYS on any pool you should (have) stay(ed) on CM as long as you could.
Of course, past means nothing about future results. But better indicates overall pool direction or competence/luck maybe? And maybe this is what we want to know. How knowledgeable/lucky the operator is.

Just and idea anyways.

Predicting future pool performance would involve predicting future trends in the altcoin world and future trends in pool strategy and execution. You need to look at what was going on with the coins the resulted in the past pool numbers.

When you start predicting the future results you will know you're on to something.

    

[Accordus]

@accordus

Try to upload it on google drive or similar. Not downloading a random excel file. No offence.

However, it's not that simple to compare!

Those reports only show the accepted shares and disregard rejected shares. For example, you direct your rig to clever and got 0.01BTC/MHs/day with a reject % of 10 and got the same 0.01BTC/MHs/day with a reject % of 2 from another pool. The difference of 8% isn't reflected on the BTC/MHs/day calculations. On which one do you think you actually made more?

There's also worker unit efficiency. On one server you get 80% efficiency, on the other you get 95%. Many factors affect actual income and the reported hash power by the pools aren't your actual, pure hash power.

So you can be earning more on a pool with lower BTC/MHs/day if those other factors are in your favor and the reported hash rate is closer to what you have.

Here you go Gdrive:
https://drive.google.com/file/d/0Bx4B_4ZqlMVBY3lVNXBpT3dWbTg/edit?usp=sharing
It is still the same random Excel file though. No offense.

Anyway, I used Poolpicker data, which I have no idea how reject and hash rates are calculated.
So you may be true or wrong on it.

[coinGeek]

Anyway, I used Poolpicker data, which I have no idea how reject and hash rates are calculated.
So you may be true or wrong on it.

poolpicker says they use btc/MhSec numbers directly from the pools except for MC which doesn't publish them. For MC he uses

(payout_today - payout_yesterday) / (accepted + rejected) at payout time.

On of the problems with his data is that you don't know for sure what the other pools are doing. Maybe they are trying to make themselves look better by fudging a little?? There's a good chance they all aren't doing exactly the same thing though so...

End of the day though, it's the best numbers we have.

EDIT: http://markable.in/file/f04df8f8-a054-11e3-a1ac-984be164924a/

[Slipknot79]

>predicting future trends in the altcoin world

No problem, altcoins are becoming more and more wortless.

[suchmoon]

>predicting future trends in the altcoin world

No problem, altcoins are becoming more and more wortless.

That is great news, I prefer my coins without wort.

[ebliever]

>predicting future trends in the altcoin world

No problem, altcoins are becoming more and more wortless.

I've been tracking the relative size of the BTC market cap to the market cap of all others at http://coinmarketcap.com/ for the past 6 weeks or so. In general the relative sizes have been stable (9-10% of total mineable market cap is non-bitcoin), but recently that jumped as high as 14% due to Auroracoin's supernova. That is subsiding but it remains the case that altcoins, by this measure, are growing - not shrinking. At least until Auroracoin declines to trivia.

In general I expect a few altcoins to emerge as winners with a superior feature set. They will then grow and ultimately supplant Bitcoin. In time you'll look at someone using bitcoin the same way you'd look at someone using Windows XP today. But that's probably a ways off, I admit.

[bclcjunkie]

good observation.. in addition to that i also notice shift in altcoin devs adopting/developing algos that are getting better at resisting ASICs... don't forget scrypt was developed to be "ASIC resistant"..
in that case vertcoin seems to be doing better job... also with gridseed and other better scrypt asics you can kiss litecoin and all other scrypts goodbye coz once asics take over scrypt you just end up with "duplicate sha256" and it loses its purpose all together as "asic-resistant, decentralized" coin... my bet is we're entering a new era of AI algos that are going to be intelligent and adapt to become even more ASIC resistant.. which is why i think gpu mining is going to be around for as long as decentralized mining is encouraged which is what makes cryptocurrencies attractive... also which blockchain is more secure? powered by centralized mining that can be taken offline with swat team or decentralized that'll be present in almost every corner of the world as long as there's internet...

>predicting future trends in the altcoin world

No problem, altcoins are becoming more and more wortless.

I've been tracking the relative size of the BTC market cap to the market cap of all others at http://coinmarketcap.com/ for the past 6 weeks or so. In general the relative sizes have been stable (9-10% of total mineable market cap is non-bitcoin), but recently that jumped as high as 14% due to Auroracoin's supernova. That is subsiding but it remains the case that altcoins, by this measure, are growing - not shrinking. At least until Auroracoin declines to trivia.

In general I expect a few altcoins to emerge as winners with a superior feature set. They will then grow and ultimately supplant Bitcoin. In time you'll look at someone using bitcoin the same way you'd look at someone using Windows XP today. But that's probably a ways off, I admit.

[AbiTxGroup]

I have been mining middlecoin for a long time now and I went out to dinner and when I came back my miners had switched to my backup pool.  For some reason I cannot get to stratum+tcp://middlecoin.com:3333 atm, so the pool is showing dead.

I see at the stats at middlecoin.com that others are still mining, but for some reason my miners cant.  Anyone else having a problem connecting?

In case it matters, I use OpenDNS for my dns settings.

[Gamer67]

showing dead for me too

[saldor]

dead for me too

[AbiTxGroup]

"uswest." and "useast." servers are up for me now.    


Just for redundancy, here is the usage info:

Usage:

cgminer --scrypt -o stratum+tcp://middlecoin.com:3333 -u <your bitcoin address> -p x

middlecoin.com will point you to the closest server to you, but it's not always perfect. If you want to connect to a specific server or set backup pools, here is a list of the servers:

uswest.middlecoin.com (Oregon)
useast.middlecoin.com (N. Virginia)
eu.middlecoin.com (Ireland)
amsterdam.middlecoin.com
asia.middlecoin.com (Singapore)

Using the stratum+tcp://middlecoin.com:3333 will connect you to the closest server, but if that server fails, it will not automatically change to a working server.

So, I changed my startup to use uswest as the first pool, then useast as the second pool, and then another multicoinpool for the third pool.  Hopefully that will cover me now.

BTW, I am in the middle of the US. My username gives away my location, think airport designations.

[trc]

@accordus

Try to upload it on google drive or similar. Not downloading a random excel file. No offence.

However, it's not that simple to compare!

Those reports only show the accepted shares and disregard rejected shares. For example, you direct your rig to clever and got 0.01BTC/MHs/day with a reject % of 10 and got the same 0.01BTC/MHs/day with a reject % of 2 from another pool. The difference of 8% isn't reflected on the BTC/MHs/day calculations. On which one do you think you actually made more?

There's also worker unit efficiency. On one server you get 80% efficiency, on the other you get 95%. Many factors affect actual income and the reported hash power by the pools aren't your actual, pure hash power.

So you can be earning more on a pool with lower BTC/MHs/day if those other factors are in your favor and the reported hash rate is closer to what you have.

Here you go Gdrive:
https://drive.google.com/file/d/0Bx4B_4ZqlMVBY3lVNXBpT3dWbTg/edit?usp=sharing
It is still the same random Excel file though. No offense.

Anyway, I used Poolpicker data, which I have no idea how reject and hash rates are calculated.
So you may be true or wrong on it.

Sigh... Same file, opened by Google. Not my PC.

"So you may be true or wrong on it." You don't say! What a debate that was. Argument clinic...

[Accordus]

"So you may be true or wrong on it." You don't say! What a debate that was. Argument clinic...
[/quote]

Uhhh, I am lucky at least to open 12A, not 12 the "This is Abuse"...
https://www.youtube.com/watch?v=kQFKtI6gn9Y

[Lovok]

Anyway, I used Poolpicker data, which I have no idea how reject and hash rates are calculated.
So you may be true or wrong on it.

poolpicker says they use btc/MhSec numbers directly from the pools except for MC which doesn't publish them. For MC he uses

(payout_today - payout_yesterday) / (accepted + rejected) at payout time.

On of the problems with his data is that you don't know for sure what the other pools are doing. Maybe they are trying to make themselves look better by fudging a little?? There's a good chance they all aren't doing exactly the same thing though so...

End of the day though, it's the best numbers we have.

EDIT: http://markable.in/file/f04df8f8-a054-11e3-a1ac-984be164924a/

(payout_today - payout_yesterday) / (accepted + rejected) at payout time

problem is that result from this formula makes big fluctuation due to unexchanged coins and is not giving true data (in days when unexchanged increasing, performance seems as worse, in days when unexchanged decreasing, performance seems better). Ideal should be

(payout_today + unexchanged_today + immature_today - exchanged_left_after_yesterday - unexchanged_left_after_yesterday - immature_left_after_yesterday) / (accepted + rejected) at payout time

simply counting only 'red line' is inaccurate. Graph on middlecoin is misleading, but alternative statistics sites are doing the same with data (showing red line separately), I don't know about any site showing cumulated exchanged + unexchanged + immature together for given day (with subtracted what left from yesterday) and counting daily BTC/MHs from this data.

[Dishes]

^ That is why you need to look at 21 day avg. not the day to day. It accounts for all the fluctuations in the end.

EDIT: looks like there is now 28 day avg on poolpicker. Even better.

[MiMiMiner]

O my! Are there still people mining here?!

[suchmoon]

O my! Are there still people mining here?!

No people that I can see, it's just bots on autopilot