[ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com - page 109.

Terk

hero member

Activity: 616

Merit: 522

Quote from: freethrow on April 29, 2014, 07:40:43 AM

Why is the pool not mining FTC rather than LTC? Dustcoin says FTC is currently at 187% of LTC profitability, is that due to an error in their calculation?

They clearly didn't upgrade their wallet two weeks ago when the new version came and hard fork at block 204639 was announced (this was also the case with GHash.io which was mining an orphaned fork for a week without even noticing this. sic!).They are on some abandoned fork with 205743 blocks while the correct chain has 211040 blocks. FTC is currently well below LTC profitability. But it now readjusts difficulty every block so every now and then it jumps slightly above LTC profitability and in this time we mine a block or two until its difficulty rises again and becomes unprofitable.

freethrow

newbie

Activity: 14

Merit: 0

Why is the pool not mining FTC rather than LTC? Dustcoin says FTC is currently at 187% of LTC profitability, is that due to an error in their calculation?

Terk

hero member

Activity: 616

Merit: 522

I'm sorry for website being inaccessible today. Some tech issues at the company where the website is hosted (it's in different place than the pool and mining was not affected).

byt411

hero member

Activity: 798

Merit: 1000

Quote from: highwalker on April 28, 2014, 03:30:27 PM

The cloudflare site seems to imply the target website (clevermining) is unable to handle request. I doubt it's cloudflare under maintenance. Perhaps the CM interface updates are being applied?

It seems that global stats are up, but individual aren't. Either it's an update or a server failure.

highwalker

jr. member

Activity: 45

Merit: 5

Ah, it's working from Boxborough IP (via Newark CF)...

highwalker

jr. member

Activity: 45

Merit: 5

The cloudflare site seems to imply the target website (clevermining) is unable to handle request. I doubt it's cloudflare under maintenance. Perhaps the CM interface updates are being applied?

GigaPixels

newbie

Activity: 34

Merit: 0

Nothing was reported on their Twitter account https://twitter.com/CloudFlareSys

The last report was 14 hours ago.

More info on 'Error 522' we are getting: https://support.cloudflare.com/hc/en-us/articles/200171906-Error-522

Tracert output:

Code:

Microsoft Windows [Version 6.1.7601]
Copyright (c) 2009 Microsoft Corporation.  All rights reserved.

C:\Users\Username>tracert clevermining.com

Tracing route to clevermining.com [162.159.248.107]
over a maximum of 30 hops:

  1    41 ms    44 ms    42 ms  5.5.10.1
  2    42 ms    43 ms    43 ms  [removed, this is the IP of my VPN]
  3    44 ms    43 ms    66 ms  6-239-159-85.rtr1.b06-s02-az16.gsa.nl.nforce.com
 [85.159.239.6]
  4    43 ms    42 ms    41 ms  13-239-159-85.rtr1.z4a-a06.tc2.nl.nforce.com [85
.159.239.13]
  5    64 ms    46 ms    47 ms  nforce-globalswitch.nikhef.openpeering.nl [82.15
0.157.145]
  6    44 ms    47 ms    49 ms  195.69.147.140
  7    45 ms    45 ms    45 ms  162.159.248.107

Trace complete.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: GolfCabalist on April 28, 2014, 02:27:59 PM

I am getting Website is Offline when I try to hit my CleverMining stats page. The other day, somebody provided this URL to be used to find out, in this situation, if CloudFlare is the problem:

https://www.cloudflare.com/system-status

That site lists status only through Apr 27, and today is Apr 28, so I have to ask: Anybody else unable to hit CM stats?

Same here. Probably Cloudflare doing some weird maintenance.

Xenocyde

sr. member

Activity: 265

Merit: 250

Yes, stats are down, but they'll be back on soon, as CloudFlare likes to do maintenances quite often these days.

GolfCabalist

newbie

Activity: 36

Merit: 0

I am getting Website is Offline when I try to hit my CleverMining stats page. The other day, somebody provided this URL to be used to find out, in this situation, if CloudFlare is the problem:

https://www.cloudflare.com/system-status

That site lists status only through Apr 27, and today is Apr 28, so I have to ask: Anybody else unable to hit CM stats?

byt411

hero member

Activity: 798

Merit: 1000

Quote from: Ibistru on April 28, 2014, 10:08:20 AM

Quote from: zneww on April 28, 2014, 09:57:57 AM

Who said exchange rates do not change? You do not understand. Clearly. It is IMPOSSIBLE to trade the coins as soon as they are mined. For one, many coins have high confirms to rid multipools. two, Nothing I say to you, you understand b/c you obviously are very hard headed.

It is IMPOSSIBLE to trade the coins as soon as they are mined. You are right. But what about some hours later? How that explains unexchanged payoffs dating back to March and earlier? Is that due to my hard-headedness? Cheesy

Yes. Please just go back a page and read.

Quote from: byt411 on April 27, 2014, 08:50:54 PM

Quote from: Trestle on April 27, 2014, 08:16:39 PM

Quote from: byt411 on April 27, 2014, 06:42:47 PM

Quote from: phzi on April 27, 2014, 06:13:26 PM

Quote from: byt411 on April 27, 2014, 04:47:56 PM

First, Terk is very busy.
Reasons for unexchanged:
-Unconfirmed Coins
-Exchange Problems
-Manual Exchange Required
-Manually Exchanged but stats not updated

None of these reasons explain un-exchanged dating back multiple months... (except maybe the last one)

It does. It actually is the entire reason for those "unechanged" coins from months ago.

The unexchanged and immature from months ago are from coins the pool no longer mines. Terk feels they are not worth the time when other issues are more important.

Yes, and those coins have been manually exchanged, but the records were not put into the database.

Ibistru

full member

Activity: 129

Merit: 100

Quote from: zneww on April 28, 2014, 09:57:57 AM

Who said exchange rates do not change? You do not understand. Clearly. It is IMPOSSIBLE to trade the coins as soon as they are mined. For one, many coins have high confirms to rid multipools. two, Nothing I say to you, you understand b/c you obviously are very hard headed.

It is IMPOSSIBLE to trade the coins as soon as they are mined. You are right. But what about some hours later? How that explains unexchanged payoffs dating back to March and earlier? Is that due to my hard-headedness? Cheesy

murraypaul

sr. member

Activity: 476

Merit: 250

Quote from: Ibistru on April 28, 2014, 09:54:09 AM

Quote from: murraypaul on April 28, 2014, 09:48:13 AM

What you don't understand is that for the most part, the reason profitability changes is because of changes in the difficulty of mining the coin, not changes in the value of the coin.
The multipool switches to the coin because it can mine more coins. It doesn't matter as much when it actually sells them.

I understand very well that mining difficulty is very important. But you cannot say that exchange rates don't change during several hours and that they are basically ininfluent.

Luckily, I didn't say that.
I said that the change in price mattered less than the change in difficulty. That is true.

zneww

sr. member

Activity: 434

Merit: 250

Quote from: Ibistru on April 28, 2014, 09:54:09 AM

Quote from: murraypaul on April 28, 2014, 09:48:13 AM

What you don't understand is that for the most part, the reason profitability changes is because of changes in the difficulty of mining the coin, not changes in the value of the coin.
The multipool switches to the coin because it can mine more coins. It doesn't matter as much when it actually sells them.

I understand very well that mining difficulty is very important. But you cannot say that exchange rates don't change during several hours and that they are basically ininfluent. This could be true, in some measure, between bitcoin and litecoin, but it doesn't hold for all the alt currencies.

Who said exchange rates do not change? You do not understand. Clearly. It is IMPOSSIBLE to trade the coins as soon as they are mined. For one, many coins have high confirms to rid multipools. two, Nothing I say to you, you understand b/c you obviously are very hard headed.

Ibistru

full member

Activity: 129

Merit: 100

Quote from: murraypaul on April 28, 2014, 09:48:13 AM

What you don't understand is that for the most part, the reason profitability changes is because of changes in the difficulty of mining the coin, not changes in the value of the coin.
The multipool switches to the coin because it can mine more coins. It doesn't matter as much when it actually sells them.

I understand very well that mining difficulty is very important. But you cannot say that exchange rates don't change during several hours and that they are basically ininfluent. This could be true, in some measure, between bitcoin and litecoin, but it doesn't hold for all the alt currencies.

murraypaul

sr. member

Activity: 476

Merit: 250

Quote from: Ibistru on April 28, 2014, 09:31:44 AM

Quote from: zneww on April 28, 2014, 09:19:21 AM

Oh vay....Let me ask you something..

When a new coin comes out and it is not on Cryptsy, which for as far as I know is the only "auto-exchange". Then the trade has to be done MANUALLY. Do you have time to sit in front of your pc and watch the coins come in and then click trade after they transfer to whichever wallet and exchange that has to be used. If yes, get a life. But the answer is no, as no one really can.

You surely are jocking... or you just don't realize that altcoin profitabily (compared to LTC) changes by the hours... so it would be completely pointless to mine now a coin that has, let say, 20% profitability and to exchange it six hours later when its profitability is -10%. If you really believe that is the way to run a multicoin pool then you are beyond help bro!

What you don't understand is that for the most part, the reason profitability changes is because of changes in the difficulty of mining the coin, not changes in the value of the coin.
The multipool switches to the coin because it can mine more coins. It doesn't matter as much when it actually sells them.

Ibistru

full member

Activity: 129

Merit: 100

Quote from: zneww on April 28, 2014, 09:34:19 AM

You're an idiot.

Do these pool OPs use magic?

Don't come talking when you have no idea how things work.

EDIT: and I am not "jocking"

Ok so you just don't get it. As I said you are beyond help.

Anyway, in case anybody is interested to understand, I will just explain that trading once every two hours could be good enough to save profitability. If there are two people trading, it is six trades for each of them every day.
Are they supposed to do this? If they are hobbists, no. If they presume to run a pool professionally (i.e. bring revenue to associates and get a fee for their work), then yes. Else people will just switch to other pools.

EDIT: I dont want to imply that clevermining is not run diligently. That was only in reply to someone's questions. My original question is: why are there still unexchanged payoffs dating back to January, February and March?

zneww

sr. member

Activity: 434

Merit: 250

Quote from: Ibistru on April 28, 2014, 09:31:44 AM

Quote from: zneww on April 28, 2014, 09:19:21 AM

Oh vay....Let me ask you something..

When a new coin comes out and it is not on Cryptsy, which for as far as I know is the only "auto-exchange". Then the trade has to be done MANUALLY. Do you have time to sit in front of your pc and watch the coins come in and then click trade after they transfer to whichever wallet and exchange that has to be used. If yes, get a life. But the answer is no, as no one really can.

You surely are jocking... or you just don't realize that altcoin profitabily (compared to LTC) changes by the hours... so it would be completely pointless to mine now a coin that has, let say, 20% profitability and to exchange it six hours later when its profitability is -10%. If you really believe that is the way to run a multicoin pool then you are beyond help bro!

You're an idiot.

Do these pool OPs use magic?

Don't come talking when you have no idea how things work.

EDIT: and I am not "jocking"

Ibistru

full member

Activity: 129

Merit: 100

Quote from: zneww on April 28, 2014, 09:19:21 AM

Oh vay....Let me ask you something..

When a new coin comes out and it is not on Cryptsy, which for as far as I know is the only "auto-exchange". Then the trade has to be done MANUALLY. Do you have time to sit in front of your pc and watch the coins come in and then click trade after they transfer to whichever wallet and exchange that has to be used. If yes, get a life. But the answer is no, as no one really can.

You surely are jocking... or you just don't realize that altcoin profitabily (compared to LTC) changes by the hours... so it would be completely pointless to mine now a coin that has, let say, 20% profitability and to exchange it six hours later when its profitability is -10%. If you really believe that is the way to run a multicoin pool then you are beyond help bro!

zneww

sr. member

Activity: 434

Merit: 250

Quote from: Ibistru on April 28, 2014, 06:10:05 AM

Quote from: Trestle on April 27, 2014, 11:51:40 PM

1 they are not worth what they were when mined.
2 they are coins that are hard to sell now.
3 there is such a small amount of each it's not even worth transferring them.

Aren't alt coins supposed to be exchanged right after mining them? What is the purpose of holding them until they are worth less? This is supposed to be a mining pool, not a trading pool.

Oh vay....Let me ask you something..

When a new coin comes out and it is not on Cryptsy, which for as far as I know is the only "auto-exchange". Then the trade has to be done MANUALLY. Do you have time to sit in front of your pc and watch the coins come in and then click trade after they transfer to whichever wallet and exchange that has to be used. If yes, get a life. But the answer is no, as no one really can.

EDIT: What was the payout for someone with about 1.6Mh/s last night

Topic: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com - page 109. (Read 554380 times)