Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
^I honestly have no idea how it works. I've been in queue for what seems like forever.
This is your balance of coins other than bitcoins. My auto-exchanger will convert them into bitcoins, usually within a day. Some coins take a while to reach "trade maturity" to where you can send them without paying a fee. These coins will take longer to be converted into bitcoins.
What is the immature unexchanged balance?
This is your balance obtained from blocks that have not yet reached maturity, and are therefore possible orphans. After a designated number of blocks, you will be credited these coins, and they will go under your "unexchanged balance" column. Some coins take longer than others to mature. For example, NovaCoin takes three days.
from http://middlecoin2.s3-website-us-west-2.amazonaws.com/faq.html
You'll more-or-less receive the unexchanged & immature amount, though since they aren't cashed out, it's possible it'll change a bit. In my experience, they've never deviated much from what's stated. (which is a bit suspicious since we're all in tin-foil mode
)
Hi!
Thanks for the explanation...
But what that really means in pratic terms? The Light Blue bar is what i will still recieve? What am i really getting payout?
The green light bar is imature coin? What is that? Some coin i just mined but its still too low valued?
Sorry but its my first time with so much data to analyse and correlate!
Thanks!
LPC
What is the unexchanged balance?Thanks for the explanation...
But what that really means in pratic terms? The Light Blue bar is what i will still recieve? What am i really getting payout?
The green light bar is imature coin? What is that? Some coin i just mined but its still too low valued?
Sorry but its my first time with so much data to analyse and correlate!
Thanks!
LPC
This is your balance of coins other than bitcoins. My auto-exchanger will convert them into bitcoins, usually within a day. Some coins take a while to reach "trade maturity" to where you can send them without paying a fee. These coins will take longer to be converted into bitcoins.
What is the immature unexchanged balance?
This is your balance obtained from blocks that have not yet reached maturity, and are therefore possible orphans. After a designated number of blocks, you will be credited these coins, and they will go under your "unexchanged balance" column. Some coins take longer than others to mature. For example, NovaCoin takes three days.
from http://middlecoin2.s3-website-us-west-2.amazonaws.com/faq.html
You'll more-or-less receive the unexchanged & immature amount, though since they aren't cashed out, it's possible it'll change a bit. In my experience, they've never deviated much from what's stated. (which is a bit suspicious since we're all in tin-foil mode
)Thanks!
Hummm...
Let me see if i understand...
The green bar are the possibile mined coins that still need to be verified by the network? When they are validated they go to the blue bar?
In the blue bar what happens? They wait until they are selled and converted to btc? how this correlates to the payout in the red line?
From what i understand the red bar is a reflex of yesterday blue bar? Its correct?
Best Regards,
LPC
The workflow looks like:
Coins mined -> (green) Coins "age" to ensure they're considered valid by the network and so transaction fees are minimal -> (blue) Coins sit in h2o-controlled wallets waiting for an opportunity to sell at a "good" price (as determined by h2o) -> (red) When there's a "good" sell opportunity, the altcoins are sold for bitcoins and is converted to "balance" which is paid at the next payout time.
With some coins, there is no need for them to age and coins are immediately converted to BTC and credited as a balance, but it changes based on which coins are being mined and the particular exchange h2o is using.