[ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com - page 110.

Ibistru

full member

Activity: 129

Merit: 100

Quote from: Trestle on April 27, 2014, 10:51:40 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.

highwalker

jr. member

Activity: 45

Merit: 5

Quote from: Trestle on April 27, 2014, 10:51:40 PM

Quote from: byt411 on April 27, 2014, 08:50:49 PM

Quote from: Trestle on April 27, 2014, 08:33:24 PM

Not according the the message I got from Terk when I sent him the message asking why I have unexchanged and immature that never go away.

So are you saying that the coins were just left there because Terk isn't bothered to exchange them?

They are dust amounts of coins the pool no longer mines. There are good reasons they are sitting there.

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.

What I am saying is for whatever reason Terk thinks it's more important to get our profits over .00345 and I agree with him. He has done right by everyone that has stuck with him. Though I find it annoying to see a small amount sitting in my account never going away I am more worried about over all profits then the 50 cents I mined a few months ago that is probably really worth 10 cents now.

Agreed!

Trestle

member

Activity: 102

Merit: 10

Rockem Sockem

Quote from: byt411 on April 27, 2014, 08:50:49 PM

Quote from: Trestle on April 27, 2014, 08:33:24 PM

Not according the the message I got from Terk when I sent him the message asking why I have unexchanged and immature that never go away.

So are you saying that the coins were just left there because Terk isn't bothered to exchange them?

They are dust amounts of coins the pool no longer mines. There are good reasons they are sitting there.

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.

What I am saying is for whatever reason Terk thinks it's more important to get our profits over .00345 and I agree with him. He has done right by everyone that has stuck with him. Though I find it annoying to see a small amount sitting in my account never going away I am more worried about over all profits then the 50 cents I mined a few months ago that is probably really worth 10 cents now.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: Trestle on April 27, 2014, 08:33:24 PM

Not according the the message I got from Terk when I sent him the message asking why I have unexchanged and immature that never go away.

So are you saying that the coins were just left there because Terk isn't bothered to exchange them?

Trestle

member

Activity: 102

Merit: 10

Rockem Sockem

Not according the the message I got from Terk when I sent him the message asking why I have unexchanged and immature that never go away.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: Trestle on April 27, 2014, 07:16:39 PM

Quote from: byt411 on April 27, 2014, 05:42:47 PM

Quote from: phzi on April 27, 2014, 05:13:26 PM

Quote from: byt411 on April 27, 2014, 03:47:56 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.

Trestle

member

Activity: 102

Merit: 10

Rockem Sockem

Quote from: byt411 on April 27, 2014, 05:42:47 PM

Quote from: phzi on April 27, 2014, 05:13:26 PM

Quote from: byt411 on April 27, 2014, 03:47:56 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.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: jedimstr on April 27, 2014, 06:39:53 PM

I wonder how much of the drop in profitability across multiple pools is due to the Whitecoin debacle: http://www.cryptoarticles.com/crypto-news/2014/4/27/whitecoin-original-developers-bail-on-the-coin-after-proof-of-no-pos-in-client-code-emergency-fix-being-developed

It's probably because they mined WhiteCoin and all of that time mining is now wasted, and price will plummet if it ever gets fixed.

jedimstr

hero member

Activity: 798

Merit: 1000

I wonder how much of the drop in profitability across multiple pools is due to the Whitecoin debacle: http://www.cryptoarticles.com/crypto-news/2014/4/27/whitecoin-original-developers-bail-on-the-coin-after-proof-of-no-pos-in-client-code-emergency-fix-being-developed

byt411

hero member

Activity: 798

Merit: 1000

Quote from: guitarplinker on April 27, 2014, 06:28:42 PM

I'm curious why the pool is having these 40% profitability compared to LTC hours, if the program can see that the current coin being mined is less profitable than Litecoin mining, why not switch to LTC mining?

I guess the program might not take into account how much money will be made/lost compared to the current BTC per MH/s per day due to the buy/sell orders, especially if it's an inactive coin with little buy orders.

Because there's something called variance. Mining LTC dors not mean that the pool will get 100% LTC profitability, it might get lucky and find more blocks, or get unlucky and find less blocks, so it will never be exactly 100%.

guitarplinker

legendary

Activity: 1694

Merit: 1024

I'm curious why the pool is having these 40% profitability compared to LTC hours, if the program can see that the current coin being mined is less profitable than Litecoin mining, why not switch to LTC mining?

I guess the program might not take into account how much money will be made/lost compared to the current BTC per MH/s per day due to the buy/sell orders, especially if it's an inactive coin with little buy orders.

byt411

hero member

Activity: 798

Merit: 1000

Quote from: phzi on April 27, 2014, 05:13:26 PM

Quote from: byt411 on April 27, 2014, 03:47:56 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.

phzi

hero member

Activity: 700

Merit: 500

Quote from: byt411 on April 27, 2014, 03:47:56 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)

byt411

hero member

Activity: 798

Merit: 1000

Quote from: AudiS5 on April 27, 2014, 03:38:43 PM

Quote from: AudiS5 on April 26, 2014, 08:26:59 AM

Quote from: Ibistru on April 26, 2014, 07:15:32 AM

Can I ask why there are still some unexchanged BTCs from february and march, way back to January 22, 2014?
http://clevermining.com/balances

I would like to know the same...still no answer and I posted this question last night....it does add up to a lot of BTC which would be a nice bonus to the payouts.

DP

Hello?

DP

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

AudiS5

newbie

Activity: 4

Merit: 0

Quote from: AudiS5 on April 26, 2014, 08:26:59 AM

Quote from: Ibistru on April 26, 2014, 07:15:32 AM

Can I ask why there are still some unexchanged BTCs from february and march, way back to January 22, 2014?
http://clevermining.com/balances

I would like to know the same...still no answer and I posted this question last night....it does add up to a lot of BTC which would be a nice bonus to the payouts.

DP

Hello?

DP

highwalker

jr. member

Activity: 45

Merit: 5

The profitability has been consistently going down recently (89% currently) Huh

... Terk - are you working on any tweaks? Roll Eyes

leoirssi

member

Activity: 103

Merit: 10

Ok, thx for that site. I was looking at CoinChoose where GoldCoin has best profitability among Scrypt based crypto currencies.

Xenocyde

sr. member

Activity: 265

Merit: 250

Quote from: leoirssi on April 27, 2014, 05:43:09 AM

What about "GoldCoin"?

GoldCoin is under LTC in WhatMine charts, so I guess it's useless to mine it now.

leoirssi

member

Activity: 103

Merit: 10

What about "GoldCoin"?

sammy007

legendary

Activity: 1904

Merit: 1003

Hi, Terk, do you plan to add automatic payout in PoS coins?

Topic: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com - page 110. (Read 554401 times)