Quote from: heavensopen on July 18, 2015, 08:31:17 PM

Quote from: litedoge on July 18, 2015, 07:59:32 PM

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Goto Prohashing (https://prohashing.com/ ) Take note - Prohashing is a pay per share (PPS) mining pool that mines cryptocurrencies using the scrypt algorithm - mining the most profitable coin and auto exchange for LiteDoge coins.

I was always wondering why would someone do that.....
1. It is more than certain that, whatever you'll be mining, you will get less coins for your hashrate. All rigs have smaller hashrate on multipools and get a higher number of stales, due to the speed they change coins. The higher the speed they change coins, the worse your rig will perform.
2. All multipools fail to follow difficulty and price changes, when they start mining a coin, it is usually time to move on another one.
3. Multipools can't mine the most profitable coin, because of the algorithms they use. When X coin has a temporary drop in price, it is excluded from "profitable coins" automatically... It's even worse when you let them exchange for you, when the coins get to the exchange, they never have the value you were mining them for, because several hours have passed (if not days).
4. When you let them exchange the coins for you, you always get screwed, they don't get the highest price for what you mined or the lowest price for the coin you want and you pay extra fees.

I'm mining for a very long time, sha256 and scrypt algos, I never use multipools, no matter the reason, prefer to do the maths myself.

Edit: and I didn't even touched the subject "transparency"..... there is no such thing in multipools, you never know whats going on.

Multipools that payout in a certain currency for your work are not profitable at face value for what you mine but if you use them in conjunction with trading they can give you consistent profits and keep the coin alive on an exchange if there is little to no volume for the currency on it's own. In essence, you will create volume by mining when the multi goes to buy they coins it will pay you in. Of course, you still must choose wisely on which coin you wish to be paid in as this will take time.