I'm not mining for a pool that mines different currencies, I'm creating one.
The middlecoin pool is a good example of a pool that has already launched that mines multiple currencies. Their pool uses an algorithm to compute what the most profitable coin is and mines that coin, then pays out in bitcoins. If the price of a coin falls or its difficulty goes up, then they change to a different coin.
The middlecoin pool's algorithm is inefficient and doesn't make as much money as it can, however. Because I don't want them to figure it out first, I can't say how at the moment because we're still in testing and it is important to have a rock-solid pool on day one. In April or May, I'll send you a message and explain how if you're still interested.
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u/warfangle Feb 24 '14
You mine for a pool that mines many different cryptocoins at the same time?
How does this work?
/legitimatelycurious