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Showing 10 of 10 results by panckage
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Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - www.middlecoin.com
by
panckage
on 02/03/2014, 03:06:41 UTC
Well I'm finally giving up on MC. Things have been terrible here lately. Only like .006BTC/MH day.

H20 took down the profit graph months ago and never put it back up. What was once a great pool now is way a pile of cow dung...

Gooooooooooooooodbye Alllllllllllllllllllllllllllllll!
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
panckage
on 31/12/2013, 21:55:48 UTC
H20 great job!
Please fix this though http://middlecoin2.s3-website-us-west-2.amazonaws.com/profitgraph.html
Its been down for more than 2 weeks
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
panckage
on 19/12/2013, 06:09:13 UTC
Curious how our bitcoin profits doubled as the price of bitcoin halved...
Is it because while bitcoin took a big hit in price while the other cryptos more or less stayed constant in price?
Anyone know a chart that can confirm/disprove this? In my searches I haven't found anything yet
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
panckage
on 14/12/2013, 07:16:47 UTC
The graphs have problems today and I'm working on a solution. The text stats are working normally as far as I know.

Coingeek many Thanks for your graphs they are awesome Smiley
One thing that would make them even better is if the green color was made a bit darker. Right now I have to put my eyes close to the screen and squint to see the immature amount Wink
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
panckage
on 13/12/2013, 01:21:29 UTC
About the only reason to use different payment addresses is so you can compare results of different rigs (eg. If they have the same hardware but different settings)
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
panckage
on 08/12/2013, 21:50:18 UTC
Panckage, are you suggesting making middlecoin into several pools and then spitting the miners up amongst them (such as middlecoin1, middlecoin2, middlecoin3) and having them all use middlecoin as the front end? 

Yes that's it
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
panckage
on 08/12/2013, 20:54:51 UTC
You are welcome.

From the sounds of it its still a lot of work.
Not really. H20 is making good money. This will increase his profits as well. The algorithm is known as "load balancing."  When the internet was first created the same algorithm was used to smooth things out.

Also you can't predict the time from whe a currency is more profitable to when its not. Thats not a statistic that can be calculated.
This is exactly what statistics is. You use statistics to calculate probabilities of what each coin will be worth at maturity. Back test over data and you can do quite well.
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
panckage
on 08/12/2013, 20:25:58 UTC
And how do you propose he does that?
This sounds like ditching more than half of the miners using this pool...
Not at all. If too many coins of a single currency are sold at the same time there comes an oversupply, thus the price can go down quickly. The point of  balancing over many currencies is to reduce the chance of oversupply of any single currency at any point in time.

This can be done, for example,  by finding out how quickly a currency drops once middlecoin starts mining it to the point when middlecoin has sold all the currency. It also needs to be done with the same currency without middlecoin mining it to find out the effect middlecoin has.

There's more steps that need to be done. Its just educated trial and error to develop this but its pretty straight forward to do. Its basic statistical analysis

To answer your question specifically the pool will load balance the different currencies being mined
Post
Topic
Board Pools (Altcoins)
Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
by
panckage
on 08/12/2013, 18:10:33 UTC
But the pool is getting way too big making a huge impact on the coin where it lands. Maybe is time to go mine as per coinchoose

If this is the case I hope H20 splits the pool so we are mining the top 2-3 currencies (or however many are needed) to reduce our impact on prices
Post
Topic
Board Beginners & Help
Topic OP
sign up usuabiliy/bug report
by
panckage
on 06/12/2013, 01:33:00 UTC
For my first post I've decided to make myself useful Smiley

Problems with sign up
1) Passwords must be 8 characters long (This is fine, just please let us know this in the form, before clicking submit. That way we don't need to fill out the form twice Wink )
which leads to
2) After clicking submit and being informed that my password was too short I clicked back in my browser to go back to the sign up form. At this point (or possibility after entering everything again and pressing submit again) I was told that I couldn't register because I had already registered 45s ago (But I wasn't registered because my password was too short because there is no indication of minimum password length until after pressing submit LOL)

I hope I have made myself useful Smiley