Mother of God.
Can this be right?
Wish it was scrypt N based. No sense in doing this on GPU's.
I think so.... hoping this pool I'm using isn't a scam. It's showing 2000 MZC unconfirmed, 66 MZC confirmed at the moment. I should get several hundred MZC confirmed when the next mined block matures, so we'll see if I get my payout (set to 100 minimum)..... and after a few minutes, I got 400 MZC in my wallet. Nice!
2000 MZC at .000165 is .33 BTC. And I've had bfgminer running for 4 hours 14 minutes. Friggin' SWEET! Of course, it does look like my pool was lucky for a couple of rounds in a row, and it's PPLNS so I got double-paid on some shares (maybe even triple-paid). Also, the network hash rate dropped from ~250TH/s to ~50TH/s for about 30 minutes, and the difficulty adjusts every 4 blocks, so there were some good odds during that period. So this rate of profitability probably won't keep up. But still, this has been my most profitable day of mining by far.
...And it looks like MZC has crashed by about 20% to the .00013 region. Still 0.26 BTC, not bad. I'm going to cash out some of this ASAP.
ETA: This might be somewhat of a copy-and-paste scamcoin, but as far as I can tell, it is actually being pretty well managed. The guy who created it is an actual member of the tribe, and the website works pretty well, and nobody seems to be complaining about the functionality of the wallets or the pools, etc. He is doing a good amount of media outreach. Yes, it had a significant pre-mine. But he is claiming that the pre-mine will be dedicated to the tribe as kind of a reserve, plus some to distribute for economic development. Tribal individuals are eligible for 1000 MZC each, businesses 10k, nonprofits 50k. Since the tribe is fairly small (I'm thinking in the 10's of thousands?) this ought to be pretty manageable. As long as the guy doesn't sell out and dump the pre-mine on the market and ruin his good name, I think this is a pretty good coin.
Oh and also, given my hashrate, I am estimated to earn 375 MZC from each block found by the pool, and the pool has found 7 blocks since I started mining. So my earnings are right in line with expectations, although the pool did have some good luck, but it has been somewhat balanced by bad luck.
ETA2: Well, 0.044+ BTC successfully withdrawn from Mintpal to my BTC wallet. That's more than I'd make in 24H of mining BTC, and I've still got 2000+ MZC inbound. I dumped ~400 MZC at roughly .00011. Which is lower than I probably could have gotten, but at this point I've made my ROI (as far as opportunity cost of mining BTC vs. mining MZC) so I can sit back and be a little more patient before selling again.
ETA3: I guess this kind of shows a point about SHA256 altcoins vs. Scrypt (or other GPU or CPU oriented) altcoins. The SHA256 folks don't hop around from coin to coin as much.... they pretty much stick to BTC. Whereas with GPU coins, it's pretty much a given that you'll change coins every week. So there may be a greater opportunity for "stealth mining" new coins with SHA256 coins than others. I have been seriously considering selling my SHA256 miners, but given this turn of events, I'm now more on the fence than ever....