[ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com - page 61.

Terk

hero member

Activity: 616

Merit: 522

Quote from: macsga on July 14, 2014, 04:12:43 AM

Just managed to point my 2 antminers + 1 BFL60 to your pool today. There's a constant error on bfgminer:

(Low difficulty share of 0.0)

Is there a way to overcome this?

There is - start mining with scrypt miners instead of SHA-256 miners as this is scrypt mining pool ;-)

(this will change soon as I will be adding more algorithms very soon, but for now it's scrypt-only).

Terk

hero member

Activity: 616

Merit: 522

Quote from: rodeoclownicp on July 12, 2014, 02:12:34 PM

i am not even talking about stuck... i am talking about ready to pay out above.01 that was not paid out

This shouldn't be possible. Let me know your address so that I could check.

Also, please be aware that the fact that you see more than 0.01 ready to pay doesn't mean that there was more than 0.01 ready to pay at the time of last payout. Please take a look for a real-life example of this: https://bitcointalksearch.org/topic/m.7834146

If you see 0.01 BTC ready for payout and you are not paid on the next payout, then it means something is wrong. But in 100% of such cases in the past it was the BTC address wrong - in this case I can correct the address for you. Anyway, let me know your address as I can't really check anything without knowing it.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Just managed to point my 2 antminers + 1 BFL60 to your pool today. There's a constant error on bfgminer:

(Low difficulty share of 0.0)

Is there a way to overcome this?

Terk

hero member

Activity: 616

Merit: 522

Quote from: imall4btc on July 12, 2014, 05:50:29 PM

Hey Terk, I've been mining at your pool continuously for more than 24 hours and according to my statistics given at CM it states my earning as: 0.0031, but I'm mining with 5.5mH/s miner(on an avg 5.33mH/s); so how come my earning is so low? Even if BTC/MH/Day is 0.00066, my 24 hours earning should be 0.000363(0.00351 @ 5.33mH/s). Please care to explain(already the hash-rate displayed at CM for my miner is wrong!).

Thanks

P.S. If the given statistics are true than it seems mining LTC directly is more profitable.

Mining at CM is definitely more profitable than mining straight LTC. I can't really comment on your numbers if you don't tell me your address so that I could check them. Most of the time when people have issues like this it's because they read something on their stats page wrong.

Terk

hero member

Activity: 616

Merit: 522

Quote from: Stalker2 on July 12, 2014, 06:32:46 PM

Been mining here for a few days and have 0.02531212 ready for payout.
I feel I should have had 2 payouts by now.
Can someone tell me when I can expect my payout?
Here' my address 1bQQKrNBbGT3zdmJpz7Jos8F6MBBWCstw.
Thanks..

You started on Friday and we had some withdrawals delayed from one of exchanges on Friday (read more at https://bitcointalksearch.org/topic/m.7833983), so most likely you didn't have 0.01 BTC exchanged at the time of Fri/Sat payout (exchanged means exchanged and withdrawn from exchange wallet to our wallet). We got these withdrawals somewhere on Fri/Sat night so you saw your 0.02531212 ready for payout on Sat morning (but it didn't mean that you had 0.01 or more at time of payout). You were then paid on Sat the full balance (and then next payout on Sun). This is how coin-switching pool with auto-exchanging works - we need to exchange coins and withdraw BTC from exchanges and time required to do this vary sometimes.

Terk

hero member

Activity: 616

Merit: 522

Quote from: midgegaunt on July 12, 2014, 07:05:40 PM

My question is this
CM mines the most profitable coin in comparison to LTC, right?
So say LTC is paying 0.007 BTC/MH per day then CM will look for a better coin to mine to exceed that said 0.007 BTC?
So why the hell when no coin is available with a higher payout % doesn't CM just mine LTC instead of dropping the payout to something like 40% of LTC?

Am I missing the absolute obvious? Please shine some light, I would be so grateful, many thanks.

Of course we mine LTC always when there are no more profitable coins and/or we put some portion of our hashrate into LTC if more profitable coins can't handle all our hashrate. Your question was answered numerous times and the best answers are probably these two:

https://bitcointalksearch.org/topic/m.5808056
https://bitcointalksearch.org/topic/m.7155326

Terk

hero member

Activity: 616

Merit: 522

Quote from: rodeoclownicp on July 13, 2014, 01:09:31 AM

hey just to update- i did get payout today- just kinda weird, nothing yesterday-still much better compared to the old days, guess i got use to the daily, this is a great pool but the stuck is not broached often enough

We had delayed withdrawals from one of exchanges on Friday so we only had ~50% of coins exchanged at the time of Fri/Sat payout (they were exchanged but we were waiting for withdrawing BTC). So anyone who doesn't get more than 0.02 - 0.025 BTC daily probably didn't make 0.01 BTC on Friday for the payout. It was withdrawn on Saturday and was included in Sat/Sun payout which was probably higher than your usual daily payout.

Terk

hero member

Activity: 616

Merit: 522

Quote from: krikiki on July 14, 2014, 01:50:33 AM

Hello, I have made a mistake with the Bitcoin address:
bf10423488e0f8bfe71616cec86099e842f93659
this is the Cryptsy Trade Key.
Proper Bitcoin address is:
1NyP9u9dcWE6YBNLy44YrXxGxg1eLfyEro
Please transfer the generated bitcoins to this address BTC

Thank you very much

I can't just transfer funds from address A to B to anyone who asks for it. Please start mining with your new/proper address and let me know when you do this. When I confirm that you're mining with the same IP address as the invalid username, then I will merge both users.

krikiki

newbie

Activity: 1

Merit: 0

Hello, I have made a mistake with the Bitcoin address:
bf10423488e0f8bfe71616cec86099e842f93659
this is the Cryptsy Trade Key.
Proper Bitcoin address is:
1NyP9u9dcWE6YBNLy44YrXxGxg1eLfyEro
Please transfer the generated bitcoins to this address BTC

Thank you very much

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: GolfCabalist on July 13, 2014, 02:53:52 PM

Suchmoon, can you detail how %LTC Profitability is calculated?

If you're asking about the 115% etc as displayed by CM and other pools, then it's the pool's income for the period (e.g. 24 hours), typically after all fees have been deducted, divided by the "theoretical" LTC profitability (formula posted by byt411 just above).

byt411

hero member

Activity: 798

Merit: 1000

Quote from: GolfCabalist on July 13, 2014, 02:53:52 PM

Quote from: suchmoon on July 12, 2014, 10:25:15 PM

Quote from: midgegaunt on July 12, 2014, 07:05:40 PM

First post on here so forgive my stupidity.
Been on CM for about 14 days now. Payouts seem to be regular and earnings consistent.
A shame the BTC per MH/s has dropped massively over last month but I guess thats the result of the ASICs flooding the scene.

My question is this
CM mines the most profitable coin in comparison to LTC, right?
So say LTC is paying 0.007 BTC/MH per day then CM will look for a better coin to mine to exceed that said 0.007 BTC?
So why the hell when no coin is available with a higher payout % doesn't CM just mine LTC instead of dropping the payout to something like 40% of LTC?

Am I missing the absolute obvious? Please shine some light, I would be so grateful, many thanks.

Midge

http://www.clevermining.com/users/1MjbHQ9YY3CGNsmyPTCC5vpXtVGtwsNLTg

[edit] If you wondering why I have such high rejects, its because my 26MH/s HASHRA sucks and is being shipped back to china on Monday, its faulty.
Roll on when my 10 x 14MH/s miners turn up, bloody hope they make back the £7500 I have spent!!! 3 year ROI anyone? eeeek!

This is addressed on nearly every page in this thread. The short version is: VARIANCE.

Slightly longer version: you wouldn't get 100% LTC profitability if you mined only LTC - due to pool fees, orphans etc. Furthermore, due to the random nature of mining (i.e. luck) you would have days significantly below 100% as well as above. In other words if CM is doing >= 98% LTC profitability it's already beating LTC-only mining, and you can see it's been above 100% quite consistently: http://clevermining.com/profits

I don't think it ever was at 40% LTC though.

Now for the really bad news enter your numbers here: https://bitcoinwisdom.com/litecoin/calculator
Try 5% difficulty increase (optimistic) and then 10% (less optimistic)

Suchmoon, can you detail how %LTC Profitability is calculated?

Simple. Your hashrate/LTC network hashrate x Daily LTC reward (28800).

GolfCabalist

newbie

Activity: 36

Merit: 0

Quote from: suchmoon on July 12, 2014, 10:25:15 PM

Quote from: midgegaunt on July 12, 2014, 07:05:40 PM

First post on here so forgive my stupidity.
Been on CM for about 14 days now. Payouts seem to be regular and earnings consistent.
A shame the BTC per MH/s has dropped massively over last month but I guess thats the result of the ASICs flooding the scene.

My question is this
CM mines the most profitable coin in comparison to LTC, right?
So say LTC is paying 0.007 BTC/MH per day then CM will look for a better coin to mine to exceed that said 0.007 BTC?
So why the hell when no coin is available with a higher payout % doesn't CM just mine LTC instead of dropping the payout to something like 40% of LTC?

Am I missing the absolute obvious? Please shine some light, I would be so grateful, many thanks.

Midge

http://www.clevermining.com/users/1MjbHQ9YY3CGNsmyPTCC5vpXtVGtwsNLTg

[edit] If you wondering why I have such high rejects, its because my 26MH/s HASHRA sucks and is being shipped back to china on Monday, its faulty.
Roll on when my 10 x 14MH/s miners turn up, bloody hope they make back the £7500 I have spent!!! 3 year ROI anyone? eeeek!

This is addressed on nearly every page in this thread. The short version is: VARIANCE.

Slightly longer version: you wouldn't get 100% LTC profitability if you mined only LTC - due to pool fees, orphans etc. Furthermore, due to the random nature of mining (i.e. luck) you would have days significantly below 100% as well as above. In other words if CM is doing >= 98% LTC profitability it's already beating LTC-only mining, and you can see it's been above 100% quite consistently: http://clevermining.com/profits

I don't think it ever was at 40% LTC though.

Now for the really bad news enter your numbers here: https://bitcoinwisdom.com/litecoin/calculator
Try 5% difficulty increase (optimistic) and then 10% (less optimistic)

Suchmoon, can you detail how %LTC Profitability is calculated?

jekv2

member

Activity: 112

Merit: 10

Quote from: suchmoon on July 13, 2014, 01:24:17 PM

As for switching to something else during the "down" periods - you can't predict the bad streaks, so you wouldn't know in advance when to switch.

This in which eliminates the old school pool hoping.

Pool hoppers use to rip people off.

Edit:
Or still do for bitcoin/Litecoin pools?

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: midgegaunt on July 13, 2014, 03:30:33 AM

Last 24 hours stats show

2014-07-12 18hours LTC 0.00066 BTC per MH/s
2014-07-12 18hours CM 0.00022 BTC per MH/s (the linear graph drops way below the LTC)

So I am referring to the hourly stats, lets say you only used CM for this hours alone, you would have just been better on LTC? Am I completely missing the point?

Please forgive my ignorance if the answer is obvious, I am a new shibe and am grateful for your input.

Midge

And 2014-07-13 2AM is nearly 300% of LTC.

If you mine LTC (or any other coin) your income is the blocks you find (or the pool finds, if you are in a pool). Blocks are found randomly. The "LTC profitability" on the chart is theoretical, i.e. how many blocks you would find on average with the given hashrate, but the actual LTC earnings are not linear at all. Higher hashrate = better chances to find a block, so that's the reason to join a pool. But even a 70 GH/s pool can have its bad and good streaks, deviating from the average in the short term and approaching the average in the long term. In other words the ups and downs on the hourly chart are completely normal and expected.

As for switching to something else during the "down" periods - you can't predict the bad streaks, so you wouldn't know in advance when to switch.

midgegaunt

newbie

Activity: 56

Merit: 0

Quote from: suchmoon on July 12, 2014, 10:25:15 PM

Quote from: midgegaunt on July 12, 2014, 07:05:40 PM

First post on here so forgive my stupidity.
Been on CM for about 14 days now. Payouts seem to be regular and earnings consistent.
A shame the BTC per MH/s has dropped massively over last month but I guess thats the result of the ASICs flooding the scene.

My question is this
CM mines the most profitable coin in comparison to LTC, right?
So say LTC is paying 0.007 BTC/MH per day then CM will look for a better coin to mine to exceed that said 0.007 BTC?
So why the hell when no coin is available with a higher payout % doesn't CM just mine LTC instead of dropping the payout to something like 40% of LTC?

Am I missing the absolute obvious? Please shine some light, I would be so grateful, many thanks.

Midge

http://www.clevermining.com/users/1MjbHQ9YY3CGNsmyPTCC5vpXtVGtwsNLTg

[edit] If you wondering why I have such high rejects, its because my 26MH/s HASHRA sucks and is being shipped back to china on Monday, its faulty.
Roll on when my 10 x 14MH/s miners turn up, bloody hope they make back the £7500 I have spent!!! 3 year ROI anyone? eeeek!

This is addressed on nearly every page in this thread. The short version is: VARIANCE.

Slightly longer version: you wouldn't get 100% LTC profitability if you mined only LTC - due to pool fees, orphans etc. Furthermore, due to the random nature of mining (i.e. luck) you would have days significantly below 100% as well as above. In other words if CM is doing >= 98% LTC profitability it's already beating LTC-only mining, and you can see it's been above 100% quite consistently: http://clevermining.com/profits

I don't think it ever was at 40% LTC though.

Now for the really bad news enter your numbers here: https://bitcoinwisdom.com/litecoin/calculator
Try 5% difficulty increase (optimistic) and then 10% (less optimistic)

Thankyou all for your answers.
I know the average % is better overall at the end of the 24 hours and I completely appreciate that.
When I said 40%, if you look at the hourly breakdown of the profitability stats, on some of the hours, the profitability drops to about 30-40% of the current LTC rate. What I mean is why drop this far below on those hours, sure to mine LTC at 80-90% profitability would be better?

Last 24 hours stats show

2014-07-12 18hours LTC 0.00066 BTC per MH/s
2014-07-12 18hours CM 0.00022 BTC per MH/s (the linear graph drops way below the LTC)

So I am referring to the hourly stats, lets say you only used CM for this hours alone, you would have just been better on LTC? Am I completely missing the point?

Please forgive my ignorance if the answer is obvious, I am a new shibe and am grateful for your input.

Midge

rodeoclownicp

sr. member

Activity: 252

Merit: 250

i was just there- seemed fine

tazdas

member

Activity: 73

Merit: 10

strange.. I cant access the clever mining URL any more ... takes me to yahoo search results

rodeoclownicp

sr. member

Activity: 252

Merit: 250

hey just to update- i did get payout today- just kinda weird, nothing yesterday-still much better compared to the old days, guess i got use to the daily, this is a great pool but the stuck is not broached often enough

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: midgegaunt on July 12, 2014, 07:05:40 PM

First post on here so forgive my stupidity.
Been on CM for about 14 days now. Payouts seem to be regular and earnings consistent.
A shame the BTC per MH/s has dropped massively over last month but I guess thats the result of the ASICs flooding the scene.

My question is this
CM mines the most profitable coin in comparison to LTC, right?
So say LTC is paying 0.007 BTC/MH per day then CM will look for a better coin to mine to exceed that said 0.007 BTC?
So why the hell when no coin is available with a higher payout % doesn't CM just mine LTC instead of dropping the payout to something like 40% of LTC?

Am I missing the absolute obvious? Please shine some light, I would be so grateful, many thanks.

Midge

http://www.clevermining.com/users/1MjbHQ9YY3CGNsmyPTCC5vpXtVGtwsNLTg

[edit] If you wondering why I have such high rejects, its because my 26MH/s HASHRA sucks and is being shipped back to china on Monday, its faulty.
Roll on when my 10 x 14MH/s miners turn up, bloody hope they make back the £7500 I have spent!!! 3 year ROI anyone? eeeek!

This is addressed on nearly every page in this thread. The short version is: VARIANCE.

Slightly longer version: you wouldn't get 100% LTC profitability if you mined only LTC - due to pool fees, orphans etc. Furthermore, due to the random nature of mining (i.e. luck) you would have days significantly below 100% as well as above. In other words if CM is doing >= 98% LTC profitability it's already beating LTC-only mining, and you can see it's been above 100% quite consistently: http://clevermining.com/profits

I don't think it ever was at 40% LTC though.

Now for the really bad news enter your numbers here: https://bitcoinwisdom.com/litecoin/calculator
Try 5% difficulty increase (optimistic) and then 10% (less optimistic)

GolfCabalist

newbie

Activity: 36

Merit: 0

Quote from: midgegaunt on July 12, 2014, 07:05:40 PM

First post on here so forgive my stupidity.
Been on CM for about 14 days now. Payouts seem to be regular and earnings consistent.
A shame the BTC per MH/s has dropped massively over last month but I guess thats the result of the ASICs flooding the scene.

My question is this
CM mines the most profitable coin in comparison to LTC, right?
So say LTC is paying 0.007 BTC/MH per day then CM will look for a better coin to mine to exceed that said 0.007 BTC?
So why the hell when no coin is available with a higher payout % doesn't CM just mine LTC instead of dropping the payout to something like 40% of LTC?

Am I missing the absolute obvious? Please shine some light, I would be so grateful, many thanks.

Midge

http://www.clevermining.com/users/1MjbHQ9YY3CGNsmyPTCC5vpXtVGtwsNLTg

[edit] If you wondering why I have such high rejects, its because my 26MH/s HASHRA sucks and is being shipped back to china on Monday, its faulty.
Roll on when my 10 x 14MH/s miners turn up, bloody hope they make back the £7500 I have spent!!! 3 year ROI anyone? eeeek!

Pardon my laziness at this moment...Terk himself posted a message that responds perfectly to your question, sometime in the last 10 pages. The message must have been hypnotic, because I accepted the veracity of it, yet I dont remember the meaning!

Topic: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com - page 61. (Read 554380 times)