Re: [ANN] profit switching auto-exchanging pool

Anyone think alt-coins will go up in value before recent drop? I made like 20-25$ day in december and now its down to 14$?

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And h20 really need to do something about user 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR with hashrate of 639 Mh/s (mining with ASIC)
23 Mh/s increase in less than 24 hours. This is worrying especially if he's making a second "mining plant" with another 600 Mh/s. That means he is going to take 10% OF TOTAL POOL VALUE.

With that hashrate he can go and solo-mine instead on a low difficulty alt-coin.

What actually is wrong with 1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR???

Explain to me why having him on the pool is a bad thing?

well only bad thing i see is we cant mine smaller alt coins cause of the pools huge hash we would send their diff thru the roof very fast and wouldnt be worth mining them and dumping huge amount of some alt coins could cause a crash in value. Seems h20 cant sell alot of our alt coins as is right now im up to nearly .040 in unexchanged myself already or hes not around right now he haset posted in forums sence the 7th.

This is the exact reason it's a bit sad we have such huge miners. I'm not suggesting he should be removed. Cause it's only fair. But it hurts us a little bit

Wouldn't it be possible for H20 to set up several servers mining different coins and have everyone hit just one server and balance out the hashing so that newer coins dont get hit hard? Reward would be proportional to accepted hash rate and not what particular coin mined to make it fair.

This has been brought up several times. I think there's some tech challenges to doing it this way and might require some actual work.

I would love to work on something like this and maybe some other alternatives. Unfortunately I don't have the time and people already criticize how much time and effort I put into this as it is. Not sure if any of you guys have this same issues or how you deal with it. It doesn't matter how high bitcoin goes and how much adoption it has.

There are other pools popping up that seem really promising. I'm going to be testing some out after this weekend.