Post
Topic
Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
GSnak
on 30/08/2013, 00:46:03 UTC
Using the auto sell at cryptsy is driving the price of coins lower, I did advise people to look at this option but now I think it is a bad idea.

Yes, indeed. and this way is so bad for the coin we already mined and trying to take profit from it. I asked this from Bitjohn in cryptsy thread and he answered me here.

Why is this an issue? If a coin is worth more than a certain suppressed price it'll go right back up.

1. Wait for multipool to switch to a coin
2. Wait for miners to dump and price to drop
3. Buy coin at low price
4. Profit

If a coin fails to recover there's a reason for it.