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Posts Tagged ‘Multipool’

PoolPicker Helps You Find the Most Profitable MultiPool

26, May 2014

poolpicker-multipool-profitability

PoolPicker is an interesting service that keeps track of multiple automatic profitability switching pools and reports their profitability per MHS hashrate on a daily basis as compared to directly mining for Litecoin. With the help of that service you can get a quick glance at where it is more profitable to mine on and you have history to see if a specific pool’s performance is poor and not worth mining at all on the long run. Of course the service does not cover all of the automatic profit switching pools, in fact is only covers 12 pools from the many more available ones. But with the available data in PoolPicker you could also compare to a pool that is not listed based on your own earnings or based on the officially reported profitability by the specific pool (if it supports that). So definitely something worth checking out if you still haven’t seen the service and are currently mining on a multipool.

– To check the PoolPicker service on what is the profitability of automatic switching pools…

Using LTC Rabbit as a Backup Pool for Multipool

11, Feb 2014

ltcrabbing-backup-pool-earnings

If you are mining for alternative scrypt cryptos at the moment due to their higher profitability compared to LTC, you are probably already using Multipool or another similar automatic switching pool. We are using Multipool and set one mining rig with four 280X cards on Multipool and have set LTC Rabbit as a backup pool to test instead of WeMineLTC or Coinotron that we usually set as our backup. The idea behind that pool is that you mine for anternative scrypt-based cryptos based on profitability along with LTC and you are directly getting payed in LTC, so this there is no need to transfer the mined alternative coins to an exchange and trade them for LTC. This way you get extra profit than directly mining for LTC. Our idea was to see what you can expect to get when Multipool has issues and they do have and the connection to their pools drops, so the miner goes to the backup pool. The result we’ve got for 24 hours is 0.07 LTC profit at the backup pool and about 1.09 LTC when we exchanged the mined alternative cryptos from Multipool to LTC. So if you do not have a backup pool set it will be a wise idea to do so in your miner (cgminer does support that, CUDAminer does not yet) and do use a different mining pool. Meanwhile we are heading for another drop in LTC difficulty in few hours, so the profitability of alternative cryptos such as DOGE will drop compared to directly mining LTC…

How About Investing Crypto Currency in Crypto Stocks

8, Feb 2014

crypto-stocks-multipool
Crypto Stocks is an interesting service that allows you to buy and sell stocks for various crypto services and earn dividends on the stocks you own, of course as the name suggests you invest with Bitcoins, Litecoins and other crypto currencies. Recently given high marks in new Motley Fool reviews, Multipool, one of the largest automatically switching mining pools based on profitability for alternative crypto currencies just issued 20000 stocks with a launch price of 0.0191 BTC per share on the Crypto Stocks service. Multipool will be paying dividends to shareholders based on the fees collected by the pool from the miners using the service. Aside from Multipool, the service also trades stocks for CoinEx and Cryptsy among other interesting projects. So if you have some spare crypto coins that you want to invest on the long run and earn dividends on them, you might want to check out this service. We on the other hand are not very interested though and recommend to be cautious as a some of the services/projects listed there might not be reliable and even real and true to what they claim to be, although there are also other investing opportunities you can find online.

– Check out the Crypto Stocks project for some investing opportunities…


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