Topic: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com - page 144. (Read 554384 times)

24 later and still "Unexchanged" have not moved, is that the way you make your money on the back of the people mining there? anyway fuck you there is better place where they pay the full "balance"

Guessing is all we can really do at this point...yea I figured anything under .003 isn't worth it...and that's assuming that bitcoin prices stay above USD 550 ish.....which isn't looking to good. It's dropped down below $520 at some points today.

But yea, I totally would like to hear what Terk or some people more knowledgeable than myself think about the sustainability of profits in the pool.

Exactly! you hit the nail on the head! Thanks!

Guys, why so harsh! 2 points:

1. Stopped using that account since March 14th... are coins really taking that long to exchange?
2. It's almost 2 weeks now, 1 weekend has already passed.

I just thought I'd bring it up in case others are having issues with coins being stuck in unexchanged for 2 weeks. I didn't say it was a pressing matter I am sure Turk has other things that are more pressing.

Peace!

I'm not sure. By some rough math, around 0.003 BTC/Mhash/day is when a lot of people will stop breaking even on electricity costs when running GPUs and electricity higher than 0.15c/kWH. I think we will see a lot of hash power drop around the barrier which should stabilize it for a bit. I'm just guessing though.

one clever janitor of large hadron collider. check sfire @bitcointalk.org

 

What kind of hardware is being used?

-  10 130 MH / s are more than 10,000 R9 290x GPUs, consuming over 320W x 10000 = 32 000 KW / day!

How is it possible exist a miner so big!?

Looking at the stats from Poolpicker

http://poolpicker.eu/

It appears profitability for Clever and their colleagues have gone down by half from the end of Feb to the end of March. Can we expect the same decrease by the end of April from where we're at now?

So around the end of February profits were pretty steady at .01/Mhash, now they're steady at around .005/Mhash....so by the end of April are we looking at .0025?

Not picking on Terk here, all the pools have had the same decrease, but just curios.

Why does is Say Cloudfare has blocked access to the android mining stats app, twitter him and ask for json access or ask him to remove DDOS protection


The above message is what masically says when I try to accesss the clevermining stats app , it used to work 5 days ago now last few days it doesnt work... ANyone know why?

I dont have twitter to message him

Nice work explaining this Terk... I don't think I've read a more clear explanation anywhere else...

They were asking for privacy so their username was hidden from user lists. This is the only modification that was made for them.



This is a change address, so this is the money returned to the pool's wallet. From the numbers which you quoted:
37.68105879 BTC transaction minus 12.66769504 BTC payout = 25.01336375 BTC change.

And it's exactly these 25.01196375 BTC which you found.

This is how Bitcoin works. You can only spend whole outputs of previous transactions, you cannot spend some part of it. If you want to spend less, your wallet just uses a change address where change from the transaction is returned to your wallet.

Most likely you will see this 1HAQpP7D1eTbMhu5WvkQxZmRWNHF2AEYMt address sending payouts to users tomorrow or a day after.


I can show you how it was in the past:

March 26, 2014 1:32am payout:
https://blockchain.info/tx/7e2edeaf3457f170467fd5ba2b10b8527e83b98d812be20f779677f2395945dc
22.11547462 BTC sent to users as reported by CleverMining website
27.01426284 BTC moved as reported by blockchain.info
This includes 4.89878822 BTC sent to 17nAyN7CUDhTT5LZT5C6VKhZUvi3LxN935
which is not an user at CM: http://clevermining.com/users/17nAyN7CUDhTT5LZT5C6VKhZUvi3LxN935
because it's a change from this transaction: 27.01426284 - 22.11547462 = 4.89878822

One day later, March 27 payout:
https://blockchain.info/tx/88643eca70ebc081549be4eed55061d88ad3abc739511a52308b97768ad97435?show_adv=true
Blockchain.info has also an “advanced mode” which is enabled in the above link.
Please check what addresses this payment was sent from. In advanced mode you also see amounts coming from each addresses.



As you can see, the mysterious non-user 17nAyN7CUDhTT5LZT5C6VKhZUvi3LxN935 who got Bitcoins from March 26 payout contributed to sending March 27 payout and it sent exactly 4.89878822 BTC.

This is because 17nAyN7CUDhTT5LZT5C6VKhZUvi3LxN935 is one of CleverMining's wallet addresses and it received a change from one of previous transactions. This change was sitting in our wallet all the time and was used to send next day's payout.

This is Bitcoin change addresses work.

You can think of Bitcoin inputs/outputs as physical bills, with the only difference being that you can cut Bitcoin “bills” into pieces and make them infinitely divisible. But when you want to spend only some part of a bill, you need to cut it and do something with the part which you are not sending. If you received 1 BTC from someone and you want to send 0.8 BTC somewhere, you need to cut that 1 BTC bill into 0.8 BTC bill and 0.2 BTC bill. You send 0.8 BTC bill somewhere and put the 0.2 BTC bill back in your pocket. Blockchain shows this as 1 BTC sent to two addresses getting 0.8 BTC and 0.2 BTC respectively. The 0.2 BTC  is a change from this transaction and it's back in your wallet.



Blockchain.info doesn't know which addresses are change addresses. It only sees X Bitcoins moved. Most transactions actually have Y Bitcoins sent somewhere + Z Bitcoins returned to the wallet as change. Y + Z = X. Blochchain.info shows you X Bitcoins moved as it cannot know which of the output addresses belong to the same wallet as input addresses.


There are no discrepancies and accounting matches perfectly what's shown on the public Blockchain.

Your questions are because you apparently don't understand how Bitcoin works. That's fine, because most of Bitcoin users don't understand.

I believe other users can point you (and others) to some ELI5 explanation on how Bitcoin change works. I couldn't find any link quickly. My explanation using the bills analogy was above, but I bet there are better ones somewhere.

Did you check the other btc address?  It is paying out more Clevermining accounts from it.

http://www.clevermining.com/users/1BT9cPLGRep7nXnvo9JoXn6H7sSd5Em2WE


10,130.4 MH/s 24-hour Average 

 
Terk, why are some miners not being reported on the All Active Users page??  Such as this one:

http://www.clevermining.com/users/1BT9cPLGRep7nXnvo9JoXn6H7sSd5Em2WE

Looks like you guys answer to somebody and have no clue what he was asking about.
The point of the question was that when he STOPED mining for over a week there were still coins "Unexchanged".
sitting there for way too long beyond normal, reasonable time, (actually they are still sitting there).

The amount doesn't matter, every cent should be accounted for and released to the owner/miner.

I don't believe that it would take a week or two to auto-exchange whatever most profitable coins were mined at the time as the auto-exchange system takes care of it at whatever the price is at the moment.

When you stop mining and the balance reaches over 0.001 BTC, eventually it should be paid out and account balance would be ZEROED.

I have tested that claim and noticed the same outcome. Once you stop mining, the account stops exchanging and there is always something left over. - Most likely a system bug, giving the benefit of a doubt to SysOps honesty and integrity.

Try http://www.clevermining.com/faq

Looks promising, starting to use this pool now.
When do you get paid? No detailed FAQ on the website.

^ This, please.  Since I infrequently update the stats and balance pages I keep getting cloudflare "checking your browser" page.  What's worse, my simple data scraping scripts broke b/c they dont respond like a web browser 

Its not holding out his payout either, he just didnt even bother reading main page nor faq nor anything.

I stopped mining at this address since the 14th of March. The account still has un-exchanged that is holding up my payout.

http://www.clevermining.com/users/1A5WnmPbYZkEBzDhaiia6Z8Ze9FFNtm1hT

Please investigate.

Thanks!