I apologize in advance if this is offtopic (and taking suggestions on where to move it if it is).
I was wondering about the inner workings of middlecoin.
If I understand this correctly, it switches to mining the most profitable coin by pointing its hashpower to one of the altcoin pools? Is there any way of knowing which pools those are?
Also, most alt pools (from what I can tell) are either PPS and take a percentage, or are PPLNS with 0%. So in case of a PPS alt pool are we effectively paying a compounded percentage (both to the altcoin pool and middlecoin)? Does PPLNS average out or is it less profitable than PPS for pool switching? If we are mining on PPLNS altcoin pools then we have a delay in receiving shares, so no immediate trading can occur?
No apologies needed, these are very good questions. middlecoin doesn't need to use other pools, it can just mine directly as a peer on those networks because of the huge hashpower, thus it gets 100% of the block payout with no fees for someone else. Some of the newer badly designed altcoins have to be mined directly on the network or the delays and latency of using another pool would cause a terrible payout percentage.
sh*tty payout today, I love it! Because I want the china farmer gone, gone gone from this pool! I want the recent arrivals to leave as well! Be gone! This pool has grown TOO BIG TOO FAST, can't handle the stated objective. The longer you stay, the worse payouts will get. Go join the multipool, hashco.ws or mine LTC, PPC, TRC, DOGE, or other MORE PROFITABLE coins!!!
hashco.ws sucks
People will think you're a hater, but I checked closely and yesterday hashcows switched to MNC just as it was switching difficulty UP, and mined there for 20 minutes for something like 40% payout compared to what was available just 5 minutes before. Multipool instead was mining 5 minutes before and picked up half a day's worth of coins in just 5 minutes for a nice 250% payout. There is definitely room for improvement.