Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
FrankieSaysRelax
on 21/01/2014, 00:40:26 UTC
Either way, I am happy because since the 1000mh/s chinamen left, the pool has regained profitability 8-) .... If he is reading this, all I have to say to him is that coming back because the profits are higher won't be good for you. You will reduce the pool's profitability. Stick to mining Litecoin for profits. Please don't come back. It will be less profitable for you and for us.

You do realize the pool's hashrate is just as high (technically higher now) as when the 1 GH/s guy was here, right?

My payouts were consistently the same (good) when he was here, and are still consistently the same (good) without him.

If he was still on, there would be another 2000mhs (maybe 4000mhs) by now as that's what he stated he would put up if this could be more profitable. I posted about 10 or 20 pages back in detail why that is false and it has to do with basic market principles int he alt coin market such as supply and demand. I'm sure he knows exactly what I mean - which is why he decided to leave. It harms everyone else and makes his payouts lower. Opportunities for arbitrage exist if there is decentralized liquidity in the transactions. If he would got up to 3000mhs that'd be 20% of the pool and that would pose a real threat to the smaller miners who are trying to get shares at high difficult levels.

As soon as he left rejected shares dropped and my hash rate increased as did profits. Believing there's no correlation is just being foolish. Anyway, look up my old posts on the subject. No need to keep commenting.