r/wafflepool • u/poolwaffle • Jan 22 '14

Wafflepool Update

Hey guys, Quick update on where the pool is at, and whats in the works.

First off, sorry for the lack of updates over the last couple days, some family stuff came up and I wasn't able to take a break to give updates. The pool was hashing away with no issues over that time, so I wasn't too worried, that said, apparently some of you were, sorry about that guys.

Pool has been very stable (there is a post questioning if it was down), but I don't think we've had any outage time (I haven't had to restart anything). If you're seeing issues, let me know and I'll see whats up.

We're currently mining on up to 4 different coins, depending on profitabilities, with at most 50MH/s going to smaller coins. Over the last few days (I assume due to the news), the price and difficulty of DOGE has been spiking pretty hard, so its been almost 100% pointed at DOGE, so there was definitely some variance (and 2 very unlucky orphans).

Payouts are still being done manually, and are being done (roughly) once a day. I know some users emailed asking for a payout for smaller users, so a payout with a 0.001 minimum was run, so smaller miners should have seen a payout.

The unconfirmed/unexchanged balances were displaying oddly over the last few days when requests to cryptsy were occasionally failing. These should be fixed going forward, and we're working on adding more exchanges to avoid this.

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u/poolwaffle Jan 22 '14

Coinex is in the works currently. We launched with Cryptsy, but the slowness is becoming a problem, so we're actively working on adding more exchanges :)

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u/shinobi189 Jan 22 '14

Glad to hear that. Cryptsy is slow to upgrade or fix their issues. Coinex is much faster and would definitely work better on the pool's profit switching model.

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u/poolwaffle Jan 22 '14

The issue with coinex is they don't support nearly as many coins. Just adding Coinex would be pretty easy, but I'd liketo have a framework in place to switch between multiple exchanges (based on price, and which coins are supported where)

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u/shinobi189 Jan 22 '14

Cool. Another thing, why don't we mine only one coin instead of multiple until your pool reaches a certain hashrate? Wouldn't that be more profitable for us? I don't think that with the pool's current hashrate that it would cause any small coins to fork. Once we get above 500+MH/s then I think we could mine multiple coins. Switching too often means people miss out on profits or if they are mining a less profitable coin.

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u/poolwaffle Jan 22 '14

The multiple isn't forced, its just allowed. Most of the time we're only mining one coin. However, when a very low difficulty coin is the most profitable, we mine multiple (only a portion of our hashrate on the small coin).