The profitability of a coin depends not only on the price, but also on the difficulty level. So a coin is profitable to mine at one time, does not necessary mean it will be profitable to sell at another time.

What you suggest is a trading strategy, it is not applicable to this pool as it introduce another variable (timing). I do not think we can time the selling rightly as we do not control the market.

So always selling at the earliest time permitted could be less profitable, but in long term, it might even out.

Just my 2c.

Makes sense..   Thanks guys..

Tigger love the spreadsheet - any chance can you add a daily comparison column to what you "could" have mined in LTC if you spent the day mining that instead? Obviously would be an estimate, and not perfect. If you don't, that's fine. I'm using your spreadsheet as reference if I want to switch to the Middlecoin pool or not.

Kuroth. Monthly payout thing. Not a fan. Don't want to have to wait a month to get my currency. Guess that depends if you aren't making much a day but I don't want numerous bitcoins sitting out there that I can't sell or do anything with.  This pool already provides me the least control over when I cash out then other pools, however daily makes it ok. Monthly I'm going elsewhere.

JR

In all honesty, he didn't say strictly monthly payouts. He said:


That could mean each 3, 5, 7, 10, whatever days. How about passing this parameter on the password field or elsewhere (if it isn't too much trouble to support on the trading scripts), and let everyone set his own tradeoff between profitability and waiting time for payouts?

i'm also mining for 3 days straight @ 1200khash/sec and it's only showing 800, also i got nothing yet and my balance shows as 0.007
this entire thing seems like a scam to me, there is no way there's this much reporting lag, i'd get 10-20 times whatever this gets me if i mine litecoin straight up

Look at your payouts in USD rather than BTC. The LTC/USD rate is flat while BTC goes up so returns from scrypt mining go down in BTC terms but are the same in USD terms. BTC is a defacto currency, ie you can spend it, the copy coins we mine are just tokens to be exchanged.

I've read the thread and see that people complain about low payouts in the recent days, that they should be mining straight LTC ...

Then just do so. Or make constructive contributions. How would YOU trade the alt-coins? How do you predict that someone will dump a large amount of the coin on an exchange and make it worthless? How to decide switching from a profitable yet volatile coin?

Or setup your own most profitable coin pool, with BTC payouts.  I'll be satisfied if you charge me a 10% fee.

I'm getting crappy payouts atm, yet I have only myself to blame to not finding out and joining a few weeks ago. Not the pool operator. I've seen those fat payouts at the site and the good mood of the posts itt, dating from the beginning of August.

I have no rig to compete with the difficulty of directly mining BTC. I can go up to 1 Gh on SHA2, but it is foolish to mine, considering the heat, noise and power cost. Getting bitcoins by mining scrypt without any effort of manual trading obscure coins is a service with amazing value, let alone when the pool gives me higher payouts than mining LTC. I have an LTC pool as failover on my setup though, but I'll keep sending my humble 800 Kh to middlecoin for a while.

I have a suggestion to the pool operator: increase your fee to the point that you feel comfortable dedicating more time and effort to this project or perhaps hire someone. It is so unique and useful. I don't mind paying a (much) higher fee, specially if I could connect to an EU server. I can also help with programming or bandwidth or donations.

When I tried load balancing, it didn't seem very balanced at all.  Granted, though, I didn't let it run for very long.  Does anybody use a load balancing strategy with success?

I think the problem is that the pool is too big for the most profitable coins.