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Showing 20 of 104 results by paulm
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Board Pools (Altcoins)
Re: [ANN][Profit-switching scrypt+ASIC Pool] multipool.us
by
paulm
on 19/12/2013, 01:07:21 UTC
its a freakin joke wasting my hashpower on a coin that has 4X as many coins as ifc (example not fact).  Who the hell is going to pay .01btc per coin.  At that payout I'm sitting on a small fortune.. If it looks to good to be true, it is.. Recommending doge taken off the multiport until its been traded on cryptsy or another exchange for a few days.

It is on Cryptsy but it's only worth 0.00002, not 0.03. Flound needs to fix this ASAP.

Correction, it's only worth 0.00000125.  Huh
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Board Pools (Altcoins)
Re: Luckycoin LKY
by
paulm
on 05/12/2013, 01:45:32 UTC
Dear Multipool Miners,
I have sent an open letter to flound the operator of the multipool.
------------------------------------------------------------
Dear flound1129,
With this kind of trading on Cryptsy where orders are crossed for hours from 1 Satoshi and levels that force the multipool to push the coin to insane difficulty levels, I formally request the Luckycoin to be removed from the multipool.  Please comment in the community forum. luckycoinfoundation.org
Best regards,
Titan
Luckycoin Developer

Huh, "...from 1 Satoshi and levels..."  Huh  No idea what this means. Is a "Satoshi" a unit of measure?

So it sounds like LKY is just too wimpy for mining. Is it just a hobby shop project?

I'm in favor of eliminating LKY permanently and not just until Vern says Cryspy is ready to try again.

Of course, satoshis are the smallest bitcoin unit 0.00000001 BTC, for example LKY trades for 2900 satoshis per piece right now, or 0.00002900 ;-)

LKY is not trading at all. The market at Cryptsy is broken and you can't trade. Even worse, if you put an order you can't cancel afterwards. Those prices are meaningless.

For those who aren't aware, Cryptsy had a problem with their LKY wallet starting late November 20th. They only got around to fixing it on the 1st of December. Once their wallet was fixed, it had to catch up to 10 days worth of transactions. Since I believe many people who mine LKY quickly sell them using Cryptsy's handy auto-sell feature, all of a sudden they had 10 days worth of sell orders being put in rapid succession. I personally had 16 deposits all of about 100 LKY which were sitting in limbo. A few were sold at a reasonable price but with so many sell orders being put in and not enough buys, the price quickly tanked. Lucky for me, I caught and cancelled most of my orders which were at a ridiculously low price then disabled the auto-sell. Today I just sold 748 LKY coins at a price of 0.00003803 BTC. Back on the 20th of November (the last time I sold LKY coins before the Cryptsy wallet went down) I got 0.00000164 BTC. So as of today. LKY coins are worth 23 times more than they did before the whole Crypty debacle.

From what I can see, Cryptsy is all caught up and LKY coins can now be re-enabled on the multipool. It will probably be a while before it will be sufficiently profitable to mine anyways.
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Board Pools (Altcoins)
Re: [ANN][Profit-switching scrypt+ASIC Pool] multipool.us
by
paulm
on 02/12/2013, 23:07:43 UTC
Cryptsy is saying the LKY issues are fixed

Well it seems that they aren't. I couldn't see any of my deposits since 21th November and I contacted them. This is their response.
Quote
We are still working on the LKY coin wallet issue sorry for the delay. The daemon is still crashing on us we are working very hard on this issue. I know its frustrating. I am closing all the lucky tickets. I know its still not working. When it comes back up any coins you deposited will post. Follow the cryptsy twitter for news on the status of LKY coin.

9 hours ago BigVern tweet this:

BigVern @cryptsy
Luckycoin (LKY) wallet has been fixed and deposits/withdrawals should be working now

It seems that he spoke too soon. My own LKY deposits are still missing.


I had a LKY deposit go through on December 1st however I'm still missing 16 deposits.
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Board Pools (Altcoins)
Re: LKYs are not showing at Cryptsy?
by
paulm
on 22/11/2013, 03:35:50 UTC
Today number of payments shown at account page are not showing up on my Cryptsy account. Problem at Cryptsy side or here?


Wondering same...

Same here, I see 9 payments on Multipool, only 4 have appeared on Cryptsy. All the missing payments are LKY. There is only one LKY deposit which is pending since 1 AM, all the other 5 deposits aren't even pending on Cryptsy. The oldest missing deposit is from 5 AM.
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Board Pools (Altcoins)
Re: [ANN][Profit-switching scrypt+ASIC Pool] multipool.us
by
paulm
on 16/11/2013, 04:00:25 UTC
I've been having connection problems too. At one point all my workers saw the multipool as begin dead, at this time most of my workers can connect, only one still can't.
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Board Pools (Altcoins)
Re: [ANN][Profit-switching scrypt+ASIC Pool] multipool.us
by
paulm
on 11/11/2013, 00:15:37 UTC
Custom diff was working for me on SHA-256 but it's no longer working. I get anywhere from 32 to 50 on a 660 Mh/s worker.

Edit: Weird, a few minutes later and custom diff is working again...

Edit2: Diff is acting up again...
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Board Pools (Altcoins)
Re: [ANN][Profit-switching scrypt+ASIC Pool] multipool.us
by
paulm
on 30/10/2013, 21:04:56 UTC
Can we stop mining PXC because autosell never works on cryptsy and it's not worth my time to sell digits of pxc for 500 satoshis each.

I've actually been considering dumping it recently.  It's a scamcoin to begin with, and the recent ordeal with PhenixEx makes me think that it really shouldn't be around anymore.

Autosell wasn't working for all coins but they seem to have fixed it now. Why would you dump PXC? It's more often profitable than LKY.
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 11/10/2013, 10:58:14 UTC
Is there something wrong with the BTC pool?  I'm running the SHA-256 Multipool, and whenever it switches over to ZET or TRC I mine and payouts work just fine, but when it switches over to BTC I register a hash rate but I've apparently earned nothing, and I mean like balance is all zeroes even to the billionth of a bitcoin nothing.

EDIT: Also I never get a 1 minute hashrate for my SHA-256 mine (when its on BTC) but I get a 10 minute hashrate. 

That's because the pool has not found a block yet. At the current pool hash rate it could take as much as two weeks to find a block. But not to worry, all your shares are counted and when the pool finds a block you will get your portion of coins. We need more hash power onto sha-256.
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 10/10/2013, 12:55:39 UTC
Sup with DGC? Multiport is on it and we are reaching 4hrs since last block.

Yeah and a profitability of 18.19 for that coin is obviously showing something is up.

JR

Definitely a problem with the profitability calculations, Coinchoose shows it at about 5.
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 24/09/2013, 01:19:48 UTC

Good to know, however I was watching the multipool one evening and saw it switch to WDC and soon after LKY jumped up to 10.8. It took about 10 minutes before the switch over to LKY. LKY is only profitable to mine every three-four days and only for about 20 minutes. If we don't jump onto it as soon as it becomes profitable then there isn't much point in having it on the multipool.

I sometimes think the maturity speed of a coin should be considered for profitability. LKY is dumb to mine to me as it takes hours for the coin mature and probably half a day for it to finally clear in cryptsy to sell. By then the coin value has dropped considerably.  Guess you can hold it for the next rise but don't have the patience to track all my coin sales to that level.

And when I say maturity speed should be considered, referring to maybe we shouldn't be mining coins that take forever to mature after you mine them. But perhaps that's just for the way I mine and sell coins so is a singular opinion.

JR

As I've said before, most if not all of the altcoins are likely going to 0 over the long term, because none of them are doing any serious development of a market of any sort for their coin.  It's a real shame, because as I've also said before, it's still anyone's game; BTC only has a 2 year lead which is practically nothing on any long-term scale.

If LKY is at 1200%, then it probably makes sense to mine even if the price drops by 50% before you can sell it (which as far as I can see, is not a common occurrence.  The daily fluctuation is in the order of 10% or so).  Your concerns are valid, however, and if I had to go back and do this over again I probably would not add LKY or ARG.  However, as I've already done the work to add them and it costs me practically nothing to keep them on, and they do give a small amount of additional profit, there's not really a reason to remove them at this point.

I agree, LKY doesn't become profitable to mine because its value has gone up, it's because its difficulty has dropped precipitously. It doesn't happen very often but when it does, it only makes sense to mine it. I wouldn't mind if more coins which are some times highly profitable were added to the pool.
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 22/09/2013, 12:36:21 UTC
The minimum mining time never had anything to do with the scoring system, it was only to make sure we didn't switch too often.

Ok, but wouldn't be better to have a minimum difference instead of a minimum mining time. Let's say we start mining a coin that has a minimum mining time of 10 minutes but soon thereafter an other coin's profitability jumps up to triple the current coin's profitability. Wouldn't it be best to switch to that coin immediately instead of "wasting" 10 minutes on the lower profitability coin? A good example is MNC which sees significant peaks in profitability that last less than 10 minutes. Because of the minimum mining time, I think we might sometimes completely miss some of these peaks. Maybe you could combine a minimum mining time with a minimum difference. For example, stay on current coin a minimum 10 minutes unless another coin is more than 50% more profitable. After 10 minutes switch to the next most profitable coin only if 1-2% more profitable. This may actually reduce the amount of coin switching and increase total profitability.

-Just a suggestion-


By the way, your pool keeps getting more and more awesome!

Thanks Smiley  Without giving away too much, there are definitely times where it's more important to move than to stay on a coin for the minimum duration.  The script accounts for that.

Good to know, however I was watching the multipool one evening and saw it switch to WDC and soon after LKY jumped up to 10.8. It took about 10 minutes before the switch over to LKY. LKY is only profitable to mine every three-four days and only for about 20 minutes. If we don't jump onto it as soon as it becomes profitable then there isn't much point in having it on the multipool.
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 22/09/2013, 01:13:41 UTC
So I signed up just to thank flound for all his hard work on this pool.  I've been following this pool and been a member since its inception.  I constantly see people whining about not getting paid on litecoin when on the multipool cause we don't stick around long enough.  Would it not be a simple thing to just lock the multipool on the coin until we find a block, then carry on with our multipooling?  Same with NVC.  I'm perfectly content with following the pool around but this seems like a guarentee to get paid.  And also opens up the whining for why didn't we switch, coin 12398 was at 15% better profit.  You can't have both people.. Either accept what flounds done or go to another pool that doesn't give you the flexibility to mine what you want here.

This is no-longer an issue since flound has switched the pool to a proportional system. You get paid for the amount of shares you submit.
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 19/09/2013, 01:50:35 UTC
Something weird just happened, all the coins profitability dropped to zero except for WDC therefore the multiport switched to WDC. Now WDC is also at zero...

Update; profitability calculations seem to have returned to normal, but to re-enforce my point above, LKY is now at a profitability of 10.8 yet the multiport is staying on WDC which is at 3. Looks like we might miss it completely...

Update; ok so we didn't miss it completely but we only got the tail end of it...

LKY never hangs around for more than a min. or 2 anyway. I would prefer it just vanished completely.

Actually the profitability peak lasts about 20 minutes, the problem is it only happens every three days or so.
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 19/09/2013, 00:04:49 UTC
Something weird just happened, all the coins profitability dropped to zero except for WDC therefore the multiport switched to WDC. Now WDC is also at zero...

Update; profitability calculations seem to have returned to normal, but to re-enforce my point above, LKY is now at a profitability of 10.8 yet the multiport is staying on WDC which is at 3. Looks like we might miss it completely...

Update; ok so we didn't miss it completely but we only got the tail end of it...
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 18/09/2013, 23:55:59 UTC
The minimum mining time never had anything to do with the scoring system, it was only to make sure we didn't switch too often.

Ok, but wouldn't be better to have a minimum difference instead of a minimum mining time. Let's say we start mining a coin that has a minimum mining time of 10 minutes but soon thereafter an other coin's profitability jumps up to triple the current coin's profitability. Wouldn't it be best to switch to that coin immediately instead of "wasting" 10 minutes on the lower profitability coin? A good example is MNC which sees significant peaks in profitability that last less than 10 minutes. Because of the minimum mining time, I think we might sometimes completely miss some of these peaks. Maybe you could combine a minimum mining time with a minimum difference. For example, stay on current coin a minimum 10 minutes unless another coin is more than 50% more profitable. After 10 minutes switch to the next most profitable coin only if 1-2% more profitable. This may actually reduce the amount of coin switching and increase total profitability.

-Just a suggestion-


By the way, your pool keeps getting more and more awesome!
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 18/09/2013, 18:05:06 UTC
The handicaps are in place to make calculated profitability more accurate.

Yes, but didn't you increase the handicap on LTC to prevent the multipool from switching to it unless it was significantly more profitable?
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 18/09/2013, 14:30:16 UTC

No quite sure I like this. Digicoin frequently pops to 1500% bitcoin for about 2 hours. This could be missed completely if mining LTC, FTC, NVC.

I don't see why you would have to go more than 2 hours static on a coin.

Personally I will not get caught in this trap. Manual mining for now. Quite happy manual mining CGB at the moment.

You misunderstand what flound is saying. The Mulipool can switch coins just as often as before, the round time has nothing to do with switching.

Besides, he has since switched to a proportional system which I believe doesn't even use round times.
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Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 18/09/2013, 10:14:27 UTC
Could you post some details of exactly how the new scoring system works?
The Help details on the webpage still refer to PPLNS.
How does this affect people mining on one of the dedicated pools, rather than the multipool?

from DeepBit: "You get a portion of every solved block proportional to your part in pool's hashing power."

Flound can correct me if I'm wrong but this is the way I understand it; Let's say it took 10000 shares before a block was found and you submitted 200. You would get 200/10000 (2%) of the value of the solved block.

To me this is the best and most fair payment method. You get paid exactly the amount you should for the portion of work you put in.
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Board Pools (Altcoins)
Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 18/09/2013, 10:00:29 UTC
The new scoring (proportional) system is in place.  It was actually simpler than I thought it would be and I did not need to change the DB almost at all.  Also, payout calculations have improved in performance.

I keep 7 days worth of shares in the DB, so unless a block takes more than 7 days to find, all shares submitted will be paid.

That was fast, thanks Flound. Did you remove all the handicaps and the minimum time to mine certain coins coins since this isn't necessary anymore using a proportional system. You should simply have a minimum difference before the multipool switches from one coin to another to prevent it rapidly switching, say 1%.
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Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin
by
paulm
on 18/09/2013, 02:54:56 UTC
I haven't worked out the details yet, but I'm going to be moving to a proportional-like payment system soon.

I've been thinking a lot about the current payment system lately, and I think it's partially to blame for the low profitability.  The amount the multiport miners lose out on paying the dedicated miners right after a switch is never made up for on the other end after the multiport leaves that particular pool.  In order to make up for this, I'd either need to move down to an extremely low round time (e.g. 20 seconds) or make the round much longer.

For now I have dramatically increased the round time on many coins in an attempt to spread the rewards more fairly.  I've also increased the amount of time that the Multiport will stay on some coins before moving off.

Litecoin: 24h
FTC, NVC: 6h
DGC, WDC, CGB, MNC: 1h

I believe this should increase profits for the multiport miners to more closely match the calculated profitability.

Wow, that's a significant change... increasing the round times should help quit a bit. But it also means your database will grow by a huge margin as you now have to keep track of a lot more shares. I hope this won't cause any issues...

But this part is what surprised me the most: "I'm going to be moving to a proportional-like payment system soon". That's what I've been asking for all along. THANK YOU!!!  Grin