Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
DrGoose
on 21/07/2013, 15:27:41 UTC
h2odysee,

Exposing which coins you are going to sell next is likely to hurt the performance. It is too easy to manipulate the market in front of your dumping.

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If your value proposition is to keep it simple (miners give you scrypt hash power and you simply give BTC back), then I do not see the point to get all the internal stats.

Someone who "need" all the internal stats is likely someone with the mindset to control all the steps. Good for them, but they will unlikely be satisfied with anyone else fully automated solution (which will sometimes do unprofitable moves) or the management fee. Why bother.

This is similar to choose to trust (or not) a Mutual or Hedge Fund. You give up control to the managers, and what really matter is how much money end up in my pocket.

Personally, I don't need the micro-management details to evaluate if your pool is good compare to my other approaches (and the time I have to spend on these). I just need to monitor the BTC/Hash rate at the user level. It is that simple.

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Furthermore, public scrutiny into your automated strategies will slow you down from adapting your design. You will have to constantly explain your changes rather than being creative (and more profitable?).

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Good idea. Keep up the good work.