Post
Topic
Board Pools (Altcoins)
Re: [ANN][POOL] Profit switching pool - wafflepool.com
by
LuckyKey
on 25/03/2014, 21:55:49 UTC
What's up with the waffle profit numbers?  The most recent 24 hours about 50% off of what clever mining is producing?  From what I read the denial of service attack had subsided awhile ago, and the profit number climbed to over 0.04 per Mh/s per day, and now has gone back down?

currently:

0.0377 BTC per Mh/s per day - http://wafflepool.com/stats

0.0531 BTC per MH/s per day - http://clevermining.com



That's well below just mining for litecoin?!  It sure looks like the multi pool system is flawed.  

According to the difficulty charts, mining litecoin right now at 1 Mh/s will yield you 0.00487 BTC per day…and that is due to go up in approx. 20 hours, as the litecoin difficulty is set to drop by 7.3% (https://bitcoinwisdom.com/litecoin/difficulty

It depends on the mining power pointed at litecoin over this time period - considering that the big 5 multi pool sites can represent about a third of the current litecoin hashing power (about 50 GH/s of 150 GH/s).  If they can lay off litecoin, it would set that rate even lower, which would be used for the subsequent 2K of blocks (about 4 days).  A quick calc has the litecoin payment around 0.00524 BTC per Mh/s per day, at the current prediction, starting in 20 hours…and I bet it could climb higher if they collectively laid of litecoin for half a day.  lol

But what does this say for multi pooling?  It sucks?  ;-)