Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - www.middlecoin.com
by
falsealarm_bf
on 26/02/2014, 04:56:06 UTC
Not to mention big chunks of MC's unexchanged have a habbit of 'losing' 20%+ value when actually traded.

If you are still mining here (god knows why...), try wafflepool. You'll be impressed, I am confident in that.

After getting fed-up with MC lack of communication and shitty payouts I jumped ship a week or so back. The results are, unfortunately, that I'm pretty disappointed by my payouts on Waffle, Clever and AltCoinPlex.

I think the reality is that, although H20 did a shitty job of communicating since about 2 weeks after the pool was launched, the low profits are more to do with BTC price almost halving in past 2 weeks.

This is a low period, folks. Grit your teeth and we'll get through it. I think the best thing people can do right now is keep mining but not stress over the profits too much. Instead go out and tell people about BTC and how great it is. Tell them it's going to survive the Mt.Gox disaster. That Bitcoin is the future of digital payments. What we all need right now is a stronger BTC economy, with more real-world business accepting bitcoins for coffees and pizzas, etc. This is what will push the price back up - people using it.

Here we go, another genius statement. Attributing the recent downturn here to the BTC crash is faulty logic. In fact, a BTC crash where alternate coints are "relatively" stable, should yield us a better BTC per MHs rate. That does not obviously happen, yet it should be the pool operator's job to find coins for which it does and NOT leave things stagnant for more than two weeks resulting a mass exodus.

By the way, if this was due to recent issues with the BTC market, how do the other two major exchanges fare better? They are not rolling in BTC but are hashing more coins that MC does.