Quote from: fonyo on May 27, 2017, 10:19:42 AM

Quote from: miningpoolhub on May 27, 2017, 07:45:59 AM

Quote from: coinzoid on May 26, 2017, 11:51:45 AM

Dear miningpoolhub,
You recommend that we autoexchange to altcoins to keep them active. I vote for this. However, I'd like to know the logic for exchange.
Let's say we mine expanse and it goes to exchange. Does it traded to BTC with fees and then a second trade occurs to our selected coin (lets say ETH)? Or traded directly to selected coin?

If double fees are involved, then having BTC should be accurate decision here.

Please clarify this,
Thanks.

EXP -> BTC -> ETH

I know it costs more but there's no other way.
There's no market like EXP/ETH, so pool has to trade like other users.

@miningpoolhub
That raises a few more questions. I'm not sure what the correct terms here are but does your exchange script just give in for the last bid/ask? Does it actually trade or just converts the coins for a whatever (last) price.

Also, do you have a script in place for exchanging some of the coins yourself between the users in order to mitigate/skip the exchange and transaction fees? Thanks.

Quote from: frostminer on May 27, 2017, 08:06:23 AM

Quote from: miningpoolhub on May 27, 2017, 07:47:25 AM

Quote from: kisk on May 26, 2017, 10:24:54 PM

Any new coins in the process of being added? Ubiq(UBQ) perhaps? I've seen it at the top of the list of most profitable Ethash quite a bit lately. Thanks!

Yeah I'll check that coin.
Thanks.

You should have all the "main coins" covered by whattomine.
It seems to have a shitload of users checking it.

I completely agree. Fredeq has just upgraded the servers due to the large number of hits whattomine gets.

- Pool actually trades at exchange.
The reason why I made auto exchange was to support jackpotcoin.
Jackpotcoin community wanted to make jackpotcoin great but their mining rigs made jackpotcoin's profitability worse and worse.
At that time, bitcoin was the king and other alt coins were almost drowning because most people mined the most profitable coin and sold immediately to bitcoin.

So I made multipool like auto switching and made a solution to support certain coin.
Miner mines any coin that is the most profitable, sell, and buy the coin they wanted to support/invest.
This way, target coins got actual buy orders on exchanges and could raise volume too.
Volume is quite important to traders because it shows community's interest. Also it makes certain coin to be not delisted from exchange sites.

- buy/sell at market price.
Pool does not have some buy/sell strategy. It only buy/sell at market price to prevent risks from fast price moving.
You would say that pool can do technical analysis to make better buy/sell, but that's not that easy. Sometimes price moves so fast and it would make loss too if pool was just sitting at maker position.

So, there's no internal swap. All coins are sent to exchange site and exchanged.
Actually pool is making quite big trade volume on small coins which would make certain coin to survive from exchange sites.

Quote from: DrX on May 27, 2017, 01:55:29 PM

Quote from: miningpoolhub on May 27, 2017, 07:45:59 AM

Quote from: coinzoid on May 26, 2017, 11:51:45 AM

Dear miningpoolhub,
You recommend that we autoexchange to altcoins to keep them active. I vote for this. However, I'd like to know the logic for exchange.
Let's say we mine expanse and it goes to exchange. Does it traded to BTC with fees and then a second trade occurs to our selected coin (lets say ETH)? Or traded directly to selected coin?

If double fees are involved, then having BTC should be accurate decision here.

Please clarify this,
Thanks.

EXP -> BTC -> ETH

I know it costs more but there's no other way.
There's no market like EXP/ETH, so pool has to trade like other users.

Maybe you could do it with inside pool trading. So if i send ETH to autoexchange to get EXP,
it would first check from the exchange pool if other mph users are trading EXP to ETH if not then send it to exchange.

Yeah I know that. And that would make more profit both miner and me.
I'll consider it.

I wrote the reason why I made all exchanges to be executed at exchange site, but I'm open to suggestions. High volume coins would be safe to swap internally.

Quote from: ica7000 on May 27, 2017, 07:43:11 PM

So if I were to set my auto exchanger coin output to ethereum and mine with x11 equipment then some of the coins produced would be traded twice to get the desired output? Adzcoin comes to mind.

I'm okay with this process but just wanted to be sure.

Thanks

Yeah that's right.

Quote from: sotoder on May 28, 2017, 09:11:26 AM

Can I control which coins to exchange and which not, if auto exchange is enabled? When I mining, all the coins get into the wallet for auto-exchange.

I'll open this feature soon.
You will be even be able to set percentage for exchange amount you mine.

Currently you can achieve this by separating account.

Quote from: TunerDude007 on May 28, 2017, 02:07:51 PM

Great video showing how to build a 7 gpu zcash rig. He shows also on miningpoolhub
https://youtu.be/VC3WQLEDZN0

Great!
Happy to see miningpoolhub text from youtube.