Re: What do you want from a coin switching scrypt/sha pool?
What is needed for coin-switching pools is to take SERIOUSLY, what is mentioned on the middlecoin FAQ.
Besides what impacts profit, I don't want anything. Basically what is required for having:
- Nearby stable low latency pool
- No connection loss on coin switching
- Low rate of rejects/orphans/discarded
- Good choice of coin
- Very good trading bot/algo
Everything else is a waste of your time and effort. For me, you don't even need a website.
Edit: if you want to offer transparency, you can show on the website the coins you mined in the past, no need to show what you're mining NOW.
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Which currency are you currently mining?
I can't make that information public, because it would increase the network hashrate of that currency, increasing the difficulty and orphans, lowering our profits. But rest assured that my profitability calculator is advanced, accurate, and up to date.
What currencies do you mine?
I can't make that information public either. But I consistently check the profitability of coins that are put on exchanges. So the basic answer is "the most profitable ones".
Pool operators that cater for newbie miners (like me still) or who loves statistics and cute websites do otherwise. Meanwhile they destroy coins, the value and the mining scene. They offer profits to someone else's trading bots, instead of to miners. The ones that are into such mining scene for more than a few weeks, get this crystal clear.I can't make that information public, because it would increase the network hashrate of that currency, increasing the difficulty and orphans, lowering our profits. But rest assured that my profitability calculator is advanced, accurate, and up to date.
What currencies do you mine?
I can't make that information public either. But I consistently check the profitability of coins that are put on exchanges. So the basic answer is "the most profitable ones".
Besides what impacts profit, I don't want anything. Basically what is required for having:
- Nearby stable low latency pool
- No connection loss on coin switching
- Low rate of rejects/orphans/discarded
- Good choice of coin
- Very good trading bot/algo
Everything else is a waste of your time and effort. For me, you don't even need a website.
Edit: if you want to offer transparency, you can show on the website the coins you mined in the past, no need to show what you're mining NOW.
In addition to what Wipeout2097 said:
1. Your pool needs to have the ability to divide its hashing power between coins, dynamically shifting hash power as markets and difficulty dictate.
2. You need to trade well, probably better than well, manually and automated/trade bot whatever.
As an example we were mining mooncoin a couple days ago while it was nowhere near the most profitable coin. A couple hours later it reached #2-3 maybe higher (via price, not just a big diff drop) . He sold, we profited. What happened? I don't know and I'm not asking.
