Some very excellent points being brought up here guys.
My own concerns brought be to this thread. Personally, I waited 12+ hours after payout "confirmation" for the payment to hit the block chain. Unacceptable. Between this, the seemingly high orphan rate\drop in revenue and "profit" meters being seriously out of tune with reality I'm afraid I will be moving on.
I'd be interested to hear what the operator has to say.
When the predicted earning was high I was happy (still out but higher than mining LTC), once it dropped a bit it seemed way to close to LTC in reality to bother even though the figures on the website said I should be earning quite a bit more. I'm with you that the earnings don't seem to fit with reality.
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BoardMining (Altcoins)
Re: Switchercoin.com ! We mining forks - get LTC !
I started mining here 27 hours ago. Taking the balance accumulated in the last 24 hours, the profit is very close to what I would have got if I mined LTC directly. In contrast, the site advertised ~168% profit. I'll move on to another pool.
I'm feeling the same way. It's a shame as I was happy.
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BoardMining (Altcoins)
Re: Switchercoin.com ! We mining forks - get LTC !
That's just what I was thinking. I hope it is just a spell of bad luck and not something more serious.
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BoardMining (Altcoins)
Re: Switchercoin.com ! We mining forks - get LTC !
by
UKMiner
on 26/01/2014, 17:43:04 UTC
I've just had a LTC payout, so has the Dog payed out yet?
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BoardMining (Altcoins)
Re: Newegg Daily Deal Quad 7950's
by
UKMiner
on 26/01/2014, 12:14:13 UTC
"Newegg.com cannot guarantee the compatibility of Combo items. Please contact the manufacturer(s) directly if you have issues or concerns regarding compatibility."
I was looking at http://dustcoin.com/ and noticed that mining some scrypt coins can be twice as profitable as mining litecoin.
Suppose that a litecoin pool operator actually gets his users to mine dogecoins or bbqcoins. He then uses the proceeds to purchase litecoins and pays them out to his miners. The end effect is that the pool operator is way better off than he would be otherwise.
Is it possible for this to be happening seamlessly without the miners not realising? When a scrypt pool miner is issued a work unit would it be possible to have them mine on a different coin than the user assumes?
I'm not too sure if it is possible to hide it, but I'm sure people are doing it. There is so much fraud around this market this would be a minor thing in the grand scheme of things.
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BoardMining (Altcoins)
Re: Switchercoin.com ! We mining forks - get LTC !
Hello. Why does not converge daily profit? Per day should be about 39000 Dogecoin, and leaves less than 30000. Where are the others???
Doge pays out random amounts, maybe that is the reason?
Are you saying that the calculator payments on the pool shows not true?
I think the estimated can only be an estimate. But that goes for any Doge estimate. All other coins I guess should be ok as they have fixed value per block.
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BoardMining (Altcoins)
Re: Switchercoin.com ! We mining forks - get LTC !