We could really use some more hashpower to reduce variance and provide more stable results with decreased luck factor. But even with our current hashrate you don't need to worry about our profitability in the longer term. We will have bigger daily ups and downs during times of LTC mining, but the long term average will still be good. And when there will be some new coins rising then you can be sure that CM is the pool to be on. ~ Terk
Heya Terk!
Please understand that I write this after reading all of the associated posts previous, and with what I believe to be a clear understanding of what you have said relating to this issue thus far...
New board member, big fan of what you have accomplished to date with CleverMining. I am fairly new to this whole mining gig, but am a quick study and have two 5MHash rigs running very nicely now with SGMiner 4.1.271.
To make a long story short, I think if you want more hashpower, we HAVE to figure out if there is anything possible that can be done to iron out what arguably seems to be an abnormally high reject rate.
Once I got my machines running stable, I used
"Mining Performance Charts" and
"PoolPicker" to figure out which pools to try for best BTC/Mhs. I have tried Wafflepool, ScryptGuild, HashCows, CoinFu... Most all of them for at least 24 hours, a few of them a LOT longer, including CleverMining. That said, I am sure a lot of other folks around here have as well.
Hands down, I like the operational feedback and stat presentation of CleverMining above all the rest. Most times the relative profitability too.
"And here it comes"... But!
So I have been mining with you pretty steady since 4/18 until the bottom dropped out a few days ago (again?) and figured I might try the rig leasing option a bit to see how that goes, so I swapped to NiceHash for a couple of days and did above average there. Now with all of this experimentation, there is no question from my experience that for whatever reason, the only way I can get a slightly above comparable reject rate as I get everywhere else is to start backing down on my xintensity. In my case, I have to back it off about 10% to average around a 1.5-3% reject rate which is still higher than the .5-2% I average I get almost everywhere else with my optimal settings. No sweat, I can deal... I like your service enough to take a small hit in performance to get "cleaner" work stats and appreciate the rest of what you have to offer... As long as I can get a decent hash/power ratio and come in equal or below the "Montreal/Canada Average Rejected" rate, Im happy...
But I come back to CleverMining this afternoon, and with those same conservative settings I am now averaging 6.6%? As I said before, I truly prefer your service, but it is getting to the point where to get rejects under control, we have to de-tune the rigs to a degree that they are no longer operating anywhere near full capacity for the power we use, and especially so in relation to the rest of the failover options in our conf files.
Please understand that my intent with this post is in no way meant to belittle or criticize your awesome work. You have done an outstanding job thus far and I hope you understand how much we all appreciate your efforts. My intent here is simply an effort to bring to your attention what in my mind is arguably the only hindrance to the growth that I believe CleverMining is capable of. As much as any of us might prefer yours or any other service over the others for any variety of reasons, the bottom line is ROI. From this perspective, throwing away 660Kh in rejects or de-tuning the rigs to basically the same amount of loss in effective hash rate to get rid of the rejects just doesn't seem reasonable when viewed in context with the accept/reject performance of your growing number of competitors. It's like tossing two of your Gridseeds or one of your GPU's (without the corresponding reduction in power) when you use this service because they simply don't count here. As much as you already have over and above the "other guys" with your achievements thus far, this issue is not conducive to our ROI, and therefore your potential for growth. Because of my experience as a software producer I am well aware that you may or may not be able to get a handle on this. But hopefully, with your full attention and proven capabilities, something can be done to address it sooner rather than later.
Thanks for all you do!
Hatch