Topic: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com - page 106. (Read 554380 times)

I think he means this...


My guess is he is not a native english speaker but he is right 100%

maybe look into x11 some more if you have not (http://www.cryptocoinsnews.com/news/pros-cons-x11-algorithm/2014/04/10)

What the heck are you talking about? By the way, scrypt was supposed to be ASIC resistant too.

X11 is actual in summer cause it's cold. Also "cold" is energy effective and low noise from rig. Also X11 now asic resistive.

X11 is certainly interesting and slightly more profitable than scypt (ATM) for GPU miners but I think the best investment right now is selling the hardware and buying cheap BTC.  That is to say, I think putting money into BTC directly will ultimately be more profitable than mining X11, or scrypt with ASICs or GPUs.

I just worry about the long term viability of X11, once the asics are online the GPU mining community will represent a very small percentage of the total hashrate.

Exactly what I wanted to say. Let's not just jump to conclusions. We have to see how the X11 and Groestl, Scrypt-N and other new algorithms that may come pan out. What jpchrist may be suggesting is that Terk should jump to new algorithms and forget about the ASIC-invaded scrypt.

My suggestion is Terk should try an X11 multipool, since there are around 3 relevant X11 coins now.

This. x11 is nice.

So...? Switch to other coin algorithms. That's a huge advantage for GPUs.

The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most.  Its been a fun ride everyone.  The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly.  ASIC are here and are only going to get cheaper and more powerful.

However, the depressed BTC is actually a good thing.  There is much profit to be made by selling hardware and buying cheap BTC

What Terk is saying is if another pool has better profitability than CM in the same time span, there's nothing to guarantee that said pool will have the same better profitability when you switch to it. So while you switch away from CM, you could be getting worse profitability on the other pool, while CM gets better profitability.

-_- Let me translate that statement for you.

"Switching between pools after some worse periods results in mining during worse periods but most likely missing better periods"
"Switching between pools after some unlucky periods results in mining during unlucky periods but most likely missing lucky periods"

"Switching between pools after some worse periods results in mining during worse periods but most likely missing better periods"

Sorry Terk, youre an awesome dude but that is simply not true. Its just luck.  12 hours of unlucky mining doesnt mean things will likely turn around or visa versa.  Google "gamblers fallacy".

And as Terk said a while ago, if he showed you per minute stats, there would be many minutes at 0% LTC profitability, and then suddenly a minute at 4000% LTC profitability.

What matters is the long-term average, not per hour stats.

This doesn't make sense and won't do you any good, because it's not how variance works. This is how variance works:



This is us not finding even one LTC block during 12 hours (while putting ~50% of our hashrate into LTC) and then finding 6 blocks in 4 hours.

If you have switched away from CleverMining after worse hours, you would miss better hours and in the end your profits would suffer. Switching between pools after some worse periods results in mining during worse periods but most likely missing better periods (on every pool between which you switch). Your profits would be lower. The best you can do is pick a pool which you like and which have good results in the long term average and stick to it.

That's exactly how the coin switching algorithm works...
Also, full stops exist.

Turk thank you very much  for clarifying this ,

Hey guys lets design something so that we have 4-5 Multipool switcher with MH > BTC ratio showing on each site..... and what this software does is check the % 1MH to BTC and once something below  and for a certain poreiod of time it swtiches to the next pool failover style so it keep checking back evry 5 minutes to check how the pofits are going to swtcih back,,, My favourite pool is clevermining so I would like to keep returfning back automatically once profts are back up ok then Once we see this drop there is an automatic script that switch to the next multipool

What happens is we mine a lot of LTC recently because not many coins are more profitable in recent days. Yesterday we put on average 6009 MH/s of our total 13670 MH/s into LTC, which is 44% of our total hashpower. 6009 MH/s should find 16.5 LTC blocks per day at 7338 LTC difficulty, but this is only an estimate and actual number of blocks found depends on luck/variance. We actually found only 11 LTC blocks yesterday, so 66.7% of the expected number. This dragged our profitability ratio down to 86% LTC profitability yesterday.

Finding less or more blocks than expected is normal and it's how variance works - you sometimes find more blocks than expected, sometimes find less blocks than expected. The bigger your hashrate and the bigger number of blocks per day you expect to find, the less variance you will have. We can be pretty good at switching coins to mine the most profitable ones, but when there are times when we mine a lot of LTC, then we're vulnerable to variance.

But keep in mind that despite ups and downs with daily results, CleverMining remains very good pool when it comes to profit from coins other than LTC. You can compare pools results during the recent WhiteCoin bubble. Only CleverMining and WafflePool seemed to handle it right and both provided 30-50% better profits than all other coin-switching pools. But when we have to mine a lot of LTC, then we will have a variance just like any straight-LTC pool has. We then have days like yesterday when we had 88% LTC profitability compared to Waffle's 100%, but there also are days like three days ago when we had 124% LTC profitability compared to Waffle's 99%.

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.

What's wrong is with all the scam coins lately the only people left are the WHALES & SCAMMERS
Real investors won't touch all this shit.

That variance warning has been there for a week, deal with it.

nah im just curious if something is actually wrong or not

No, there isn't right now.


Isn't the aim of humanity to create world peace and a perfect world for everybody?
It's not that easy to do what you want, you know.