Quote from: Anubite on January 11, 2014, 09:15:04 PM

Quote from: Catswold on January 11, 2014, 08:43:17 PM

Quote from: Anubite on January 11, 2014, 08:04:38 PM

With LTC right now (3.8k diff), it would take about 3.1 days to get to .03 BTC at my hashrate (1150).

If I am getting any less than .01 per day here, it does not appear to be a waste to switch. I have heard talks of people making less than that here with more kh/s than I by double. This might explain the significant difficulty hike on LTC a few days ago. I am not the only one seeing it.

EDIT: Thought I would mention I saw this pool mining Litecoin recently, too.

From the FAQ: https://www.hashco.ws/faq/

Quote

Your Pool Doesn't Seem to be More Profitable than LTC, What Can I Do?

The unique feature of this pool is that YOU can decide whether to be paid out in Bitcoin, or the original coin, and not only that, but you can do it on a coin by coin basis. There is no question that in most circumstances, a human trader will likely out-perform the type of system this pool employs (We aren't talking trading bots here that sit all day moving tiny amounts, the pool has to sell coins fairly often to return Bitcoin to users quickly). If you feel your profitability is lower than expected, you may want to consider changing some of your coin options. Perhaps there is an alt-coin or two from our list that you feel you could keep and trade more profitably by hand, or that you feel has more future potential and want to hold for a longer term. Perhaps you'll decide you don't want the pool to handle any of your trading, and you can keep each coin type for yourself to trade later. The key is we provide these options to our miners.

nearmiss and artiz are aware of the profitability challenge and nearmiss did say they were adding a few new coins to the mix in an effort to boost returns, but with alt-currency prices as low as they are, it is going to be difficult to realize more than .01/MH/s

Part of the sacrifice we make on this pool is the immediate liquidation of each coin as it's mined. They aren't able to "time" the market and wait for each coin to spike before selling it. That might be a great strategy, but the logistics of doing so with a pool and the number of complaints about the chosen timing would be legion (one look at this thread will tell you that).

If you're lazy, like me, and let them do the selling, then that's the price you pay for it.

While this would theoretically be nice, the option to do so has been disabled for nearly 3 weeks, and I can mine the solo coins on pools with half the fees or less. I'm just struggling to find a reason to stay.

The concept of this pool is great, but the math doesn't add up. People fail to see that service is a two way street. Not only is hashcows providing me with what they do, I provide them with my hashing. If it doesn't work out favorably for either side, one leaves. I'm going to take that leave probably tomorrow, if my balance is not over 1.05 LTC equivalent. Might as well take the safe bet and 1% fees.

Exactly. Furthermore .01/MH/s is something no one here gets (maybe except Catswold) - its more like .0055/MH/s and thats way bellow mining LTC