The coins are not attractive to mine, bitcoin, litecoin, terracoin, difficulty is too high for the hashrate here. Dot, well maybe, but it is not the next new thing. I don't see the point of this mining except to try to get people to pay for failed coins to get mining space.
Would love to see Cryptopia add Bitcoin merge mining. We could mine for bitcoin, unobtanium, namecoin, iocoin, devcoin, syscoin, terracoin, and many others, all at the same time, earning more for our sha256 hash. Since the wallets are all setup and running anyway, I'm sure it would be a super simple task that would only take about 3 minutes for Saadam to complete (lol).
Cryptopia would be the premier one-stop-shop for bitcoin mining & trading sha256 coins. And mining so many altcoins simultaneously would generate more fees for Cryptopia.
There will be no fee on the pool itself, just the monthly DOT hosting fee similar to how block explorer sites work.
What we have learned in the past is that getting stuck with 2% fee of random coins was a nightmare, most we couldent sell, some were worth close to nothing, there is no way a 2% PENG fee will cover hosting of the pool itself.
This way we can offer managed pool services with exchange intergration for a fixed fee, we will soon pe hosting nodes and block exploreres in a similar fashion.
As the title suggests ive found an issue where anything not scrypt or sha256 is not showing hashrate / pool workers information dont know if its just on my side but ive tried different browsers and worker restarts and still not currently seeing my x13 worker can see my scrypt worker just fine thought i would update
For some of the new popular coins mining pools on the mineshaft 2.0 will be sponsored by cryptopia.
If you want a particular coin mined you can pay for a mining pool to be created by monthly subscription.
Or you can play Dotto pool slot raffle and if you win - your choice of coin pool will run for a month.
So I know you are aware that I mine. I mine lots. I have been mining for profit for about 2 years straight using pretty much every concievable method and I have learned a bit about pool optimization and I have a few suggestion to maximize profit/limit pool risk and cost. The great thing is that Cryptopia list so many coins that aren't available on other exchanges and gives you the potential to tie in some of those pools and even further maximize gains for the site. I am not questioning your knowledge or ability here, I just think I can offer some insight as someone that knows how to work both sides of the coin at this point and we can help Cryptopia be even more successful and profitable long term. (I am not going to specifically name coins here as that could imply that I have some sort of stake in any of these, which I honestly don't at the moment but that's neither here nor there.)
First I think you need to target coins that are specifically not asic mineable. Asics are going to generally run up the cost of your servers, increase blocked pull queues, and break servers much more than GPU/CPU mineable coins.
Second I think you have an opportunity to add CPU and GPU mineable coins and keep the value vested in cryptopia because these coins tend to have higher transaction fees and lower quanities in general. It will encourage miners to use onsite wallets and not transfer coins, which incentivizes people to use traditional CPU/GPU computers to mine with, as originally intended.
Third there is always the option to run a "switch pool" which is basically the site, buying hash from the miners and then allocating that hash to a profitable/high volume pool via stratum proxy and essentially piggy backing. Some people frown on this, but depending on the coin and the speed of the proxy relay you could actually help fight 51% attacks on coins. Drawback here is you would most likely need to do a PPS payout system with a high fee.
I know you already took the burden of my soul away, and my outlooks are getting better already. I am thinking that if we develop a core "group" of regular miners that we will get some piggy backers at some point who will discover the exchange and bring in new blood on a regular basis. I suggest targeting GPU only coins that are not listed on the biggest exchanges, this increases likeliehood that the miner is going to use Cryptopia in the future (even if just to exchange said coin), it directly combats the "big" exchanges, and it gives a chance to find coins with real potential and give them some exposure, all while limiting your risk and increasing growth in the crypto community. That is just my two cents on the topic and take it for what it's worth. I can assure you that I know what I'm talking about when it comes to the mining end and that I personally look for smaller pools or alt pools that have non mainstream potential. I think that (although scrypt is basically dead at this point imho) that having the ability to offer Dot or other lesser known coins on a higher percentage (maybe 3-5%) PPS system will offer the chance for people that have never mined to earn a few coins and explore the potential to learn a whole new skill without having to buy specialized equipment.
Algos that I think would be exceptionally beneficial for Cryptopia and have a good potential for miners (some of these are dropping off drastically in network speed, but they don't have to):
pretty much any of the Blake algos
I highly advise not touching Zcash with anyone's 10 foot pole. I worked with a "business aquaintance" to prove on the testnet that they were intentionally breaking their own miner, claiming it was the only way to really mine the coin, and my much more programming savy aquaintance was able to compile a miner that was hitting 15x hash rate with virtually no optimization. Trust me or don't, take it or leave it, but I don't like seeing anyone get scammed. Others figured it out at some point too and were trying to ransom the source and binaries for rediculous fees. The shark move would have been to profit and then release when it is no longer highly profitable, or release for the "bounty" that was laughably low for such a hyped/potentially overvalued currency. Either way, now that I don't have to worry about that dirty old soul weighing me down, I don't really care to profit off obvious scams.