Topic: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com - page 188. (Read 554386 times)

This has really been on my mind quite a bit recently as it really feels as if we are shooting ourselves in the foot! I don't know what the solution is though and what we need to watch for to establish wether or not profits will ever increase again.
It's already getting VERY close (few less BTC/Mh/Day) will mean power consumption vs. BTC earned will make this unprofitable and I really wonder if we will ever see an increase or if we are in the last vestiges of mining...
I sure hope not! Please someone give us hope lol.

Is it just me or are the disconects getting progressively more frequent.   

This is dead on.  Multipool mining enjoyed a very short window of life, but was/is so successful that it's going to kill itself.  Evidence?
60Gh pointed on and off on LTC the last few days made for a huge increase.  Sure enough as soon as the difficulty skyrocketed the multi pools dropped off and there is a 20% drop expected next change.  If the multi pool market does die, LTC is will get hard as hell to mine.  60GH would add around 60% more hash to the total network, and the Dif will skyrocket.  All these crap coins can't handle going from 60Gh to 5megahash in seconds.  Multipool kills coins.

Crap coins are crap, everyone knows it, but crypto seems to have this massive "emperor has new clothes" effect.  Everyone wants in on crapcoins early, so they can pump and dump to BTC.  Who really is going to want to use Ketteh coins?  BTC (and hopefully LTC) will survive, just because of the market forces behind them. (And maybe Doge, but honestly, it started as a joke, and you can candy coat it all you want, but it's still a joke.)

Because there aren't coins at a rate of over 0.01...
http://www.coinwarz.com/miningprofitability/litecoin

I've been thinking about this very same thing since I started multimining. Multimining doesn't seem like a sustainable model because it introduces large and great fluctuations into altcoin markets, quickly raising the difficulties on these then abandoning them. I would imagine people that who actually want to be holders of the various altcoins may abandon them because their value is horribly unstable.

Doesn't this mean that multimining is creating lots of bubbles?

Can anyone give a rationale as to why multimining doesn't essentially hurt itself?

I can confirm seeing the same here - on the eu server.
Most of the time I have seen this, the cudaminer reports "GPU #0    12345678 hashes    200kh/s"
Then the miner seems to have no work for 5-60 seconds - GPU usage is 0%
It only becomes active again after "Stratum detected new block" is received.

No connection timeout or accepted/rejected is reported in this "pause".

Try a pool like WafflePool that uses much more reasonable reject criteria.  CleverMining inflates their profitability numbers by rejecting a good portions of shares.

Compare your rejected percentage with the rest of the pool (the blue line in the reject graph).
You're not alone in seeing high rejects at the moment.

Lower intensity man! -I 13

Im getting too much rejected percentage
before 60 min - 5% rejected
before 50 min - 20% rejected
before 40 min - 0% rejected
before 30 min - 28% rejected
before 20 min - 13.3% rejected
before 10 min - 8.9% rejected

I have Sapphire R9 290 tri-x

setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
C:\cgminer\cgminer.exe --verbose --scrypt -o stratum+tcp://eu.clevermining.com:3333 -u xxxxxxxxxxxxxxxxxxxxxxxxx -p x --thread-concurrency 20481 -I 20 -g 1 -w 256 --gpu-fan 50 --temp-overheat 85 --lookup-gap 2 --gpu-engine 1000 --gpu-memclock 1350


please give me some suggestions

thanks 

If you can not mis 0.01BTC more/less for 23 hours 
Good decision payment once a day, would be nice if the payments are at the same time to see the profability/day

I agree with your decision! One payment per day is enough for everyone, why would you have multiply payments?  Are people so greedy to can't wait for 24 hours before getting your coins? We are not in MtGox... coins are coming on your wallet at the end of the day...

Stop complaining, Terk is doing a great work and what he needs to read is "Thanks man! Well done!"

Hi all
Why in this days profitability is always under 0.01 ?
http://poolpicker.eu/text.php
We have 0.00666300, 0.00821000 and so on..
It's for some days or can be for more and more days? Forever?? (noooo)
TIA 

The reason the hash rate from LTC has jumped so quickly is not ASICs but rather the redirection of miners from other coins that are no longer perceived as profitable as mining LTC directly. With the sudden increase in difficulty miners will likely point their rigs back to other "crap coins" and things will balance out in the short term. The profits from this pool will be the higher today than in the last 4 or 5 days.  Make no mistake, this is due to the rising LTC difficulty.

Exactly same here. When I was mining in the US server all was well. This started happening about a week ago when the EU server opened. Never had these problems before when I was at the US server (now I have them here too).

Power is not an issue. I have a kill-a-watt and all is well. Also, I have the PCs (4 of them) on a 25 Amp circuit (220V) which can support up to 5500W (My rigs use around 2000 Watts).

I'm with you, dude. I put my rejected amount as my main priority when mining. I'm like you, I don't care about payouts either. I like to make sure my cgminer outputs are perfect too. I've tried all the pools and as soon as there is a reject I leave the pool without hesitation or thought. I need to justify this hardware I bought ya know? I'm now just solo mining megacoin. It's the only way I don't get any rejects. I hear ya bro.

+1 and didnt even see the real asic miners coming in...

You just wrote what has been on my mind for month... We are probably enjoying last days of sustainable multi pool profits. Curios to see how market re-shapes in the next few month.
 

All three of my rigs are doing this now as well. Different locations, different setups, all <6 months old. Probably started doing this maybe with in the last week.

So, let's take a step back...

If you add up the hash rate of middlecoin, wafflepool and clevermining, that's about 60 Gh/s give or take the odd 5. There's other coin switching pools with or without direct BTC conversion and I'm sure some of them are significant, but hey-ho, you get my drift.

On the other hand, we have litecoin and dogecoin which might be around the 200 Gh/s mark. *Crucially*, everything else feathercoin, worldcoin et. al are down at the 5Gh/s or so level.

So, here we all are. Moaning about the BTC/Mh/Day. Haven't we caused the problem. Collectively?

The profits are down because several of coin switching algorithms are all doing similar things (see poolpicker for FACTUAL evidence), the OPs can't create profit because the profit isn't there. The profit isn't there because (a) the pools are too big to hit the small coins and therefore (b) there's a requirement to convert whatever there is to BTC - and that requires someone to actually want piles of crapcoins nobody wants. Am I missing something here ?

I can imagine that people with 100's of BTC from the early days want to diversify, which drove things for a while.  but there has to be a limit doesn't there ??

It is noticeable that H20 has been carrying 200 BTC of uselessness for ages on middlecoin - so even his back door trades have dried up. We are lucky, we have an organised and transparent OP, but the guy can't create money out of nothing. If there is no demand not much we can do...

Or...Is it all down to thousands of gridseeds coming online ? The litecoin hashrate keeps going up and I can't believe it's all down to AMD selling loads of 290s..

So what do you think ? Is the current profitablity just a blip, or have the big coin switching pools simply forced us to accept what we all know. CrapCoins are crap