Post
Topic
Board Pools (Altcoins)
Re: [ANN][POOL] Profit switching pool - wafflepool.com
by
utahjohn
on 30/03/2014, 22:36:13 UTC
You guys have such a huge hashrate that you drop the value of mining/day/mh substantially on any coin you mine as soon as you start mining it and then further reduce the value by trading them right away for BTC. Am I wrong>? 31 GH is more than the entire global hashrate of a lot of coins and often almost half of many other more established coins

That's not exactly correct.  There's one huge miner, aka THE WHALE, that has about 15-20GB of hashing power at his disposal.  He comes & goes whenever he pleases.  Basically doubles the pool hashrate whenever he shows up  Undecided

Which may be good for pool on a whole as block confirm times are greatly lowered and orphan rate drops Smiley

I would guess that poolwaffle has taken steps to tune the coin-switcher when hashrates jump drastically higher and to adjust to not staying on any coin too long and raise that coin diff to an unbearable diff.

IMO multipools are good for cryptocoins as they jump around and lower transaction confirm times as they move among many coins.  MP's helped MOONcoin get to the hardfork block quickly and KGW got switched on which lowers large effect on diff when MP's do mine them...

Trading coins as fast as you can for immediate profit at current market value does affect the markets quite a bit ...