Topic: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com - page 79. (Read 554380 times)

List of all users was disabled because of performance reasons. I replaced this page with username search so there won't be any broken link from now on. You need to enter your username into the input field and then go to your user stats page.

If this is not orphaned (there were some crazy forks at that time of some pumped coins and not all of them were accounted automatically), it will be exchanged and paid automatically eventually. I need to sort through these unexchanged blocks manually.

Hi, I can't access USER section because the site answer with 404 Error 



Thanks in advance W_M

Hey Terk,

I stopped mining Scrypt as it is no longer profitable with GPU, I still have few millibits in my account at Clever which are unexchanged for about 3 weeks.
Is it possible to withdraw them somehow?

User is 14tktFjKVYmMMAEBL4n6mbh4nxvMc1KCrs

Thanks in advance.

This is not the case, it's not related to multipools. Pointing a rented rig to any pool for only a very short amount of time is a bad idea (unless the pool is mining only low-difficulty coins and does not have significant variance). You can hit 30% profitability hour in an straight-LTC pool as well (as I explained it here: https://bitcointalksearch.org/topic/m.7155326).

Renting rigs/hashrate makes sense in three cases:

- you have long-term renting agreeement at the price lower than long-term profit average at a pool which you want to point your rig to. Anything short term will be more gambling than mining as explained in my previous post.

- you are mining some very new and fresh coins which coin-switch pools don't mine (because these coins are not on any exchanges yet) hoping that they'll be worth something soon. Do I need to mention that this is even more gambling than mining?

- you want to entertain yourself because mining/gambling is cool and renting hashrate is easier/quicker than buying and running a rig.

Ok, nicehash or some other place like that? Same thing as renting a rig, just slightly different method.

Terk already explained variance with pictures and everything.

By "bad idea" I mean that most if not all hash/rig rental providers are expecting higher income from renters/buyers like you. Or to put it another way, if making money from a multipool was so easy then why would someone sell the hashrate to you, they could just use the multipool themselves and save the fees.

So yes, the only way you could possibly make money this way is if you could rent/buy hashrate at below 90% of LTC profitability, at 0.0014-0.0015 per MH/s currently. Since that is improbable, you may want to look for other mining options e.g. small/new coins that multipools can't mine.

Everything's working for me. What's your username?

I assume that by investment you mean renting rigs.

Mining has a huge variance and coin-switch mining has even bigger differences in hour-to-hour results. As you can see from hourly chart http://clevermining.com/profits/24-hours there are hours with as low as 30% LTC profitability and as high as 200% LTC profitability. You will get results equal to daily averages only if you are mining consistently - full 24 hours with exactly the same hashrate.

As you were mining only in some periods of time, you got profits only from these periods. While your first investment happened to be during good hours, your second was during bad hours. Here's a table of all your hashrate along with BTC/MHs/day


I splitted it into “sessions”. You probably had some trial at 06 hour, then your first investment was during good hours and you sent most of your hashrate during hour with 0.0029 BTC profitability.

Your second session/investment was during less lucky hours and profits were much worse.

I highlighted the period of your second session on hourly profitability chart:



If you were mining just couple hours later, you would have hit the record hours.

There's no way to predict when there will be bad or good hours so mining in a random period of time is basically gambling. You can get results equal to daily averages only if you're mining consistently all the time (which is what I recommend of course).

I didn't rent a rig, I bought hashing power (at max 2.1 BTC/GH/DAY). Since my second investment was bigger, I wouldn't expect a loss of 20%. Do you mean with variance that there was a sudden drop when I launched my second order?
They didn't occur at the exact same time (difference was about 10 hours).
Why is pointing a rented rig to a multipool a bad idea?

So basically, I need to find hashing power which costs less than 0.00170 BTC/Day/MHs by average and generally?

What the hell is an "investment"?  

Did you rent a rig? Did both rentals occur at the exact same time? I think you are seeing variance and generally pointing rentals at a multipool is a bad idea. If it's not a rental please explain this investment concept.

Hi, user page is not available, what happened?

Thanks in advance W_M

Does someone care to explain me. I would appreciate it.

Yesterday I did 2 small investments.

The first investment gave me a total profit/expected of: 0.11266216. This is a profit of 0.0101 (about 10% profit)
I got one payout of  0.11231340 (June 6, 2014 1:31am), I expected that this is my return of investment of my first investment.

After I woke up, now my current balance is this:

Since my second investment was bigger than my first one, I would not expect a loss of 0.113 - 0.06051921 = 0,05248079.
Basicly my full loss would then be 0.21554649 - 0.17283261 = 0.04271388 (~ 20.68 €);
So I lost € 20.68 from 105.xx €, which is a 20% loss.

FYI:

I feel like I need to mention, Terk has stated this, and other multipool operators have said as much.  Plain and simple, variance is there with every pool.  Maybe Terk, you could add these explanations not only on the forum first page but also on the site.  Apparently this explanation, which i completely understand, escapes some.

Thanks a lot for the explanation!

Thank you Terk for this prime example of variance!!

Because LTC pools also have days with as low as 50-70% LTC profitability. You don't ever get straight 100.00000000%, ever. There's always some bad or good luck.

Most single-coin pools simply don't show such stats. But some of them do. Just an example from straight BTC pool stats: https://www.btcguild.com/index.php?page=pplns - at the very bottom of the page they show their results over several time spans which are (at the moment when I write this):


This shows that 75% day is perfectly normal even for a large pool which has 10-15% of total network hashrate.

In the long term mining straight LTC will give 98-99% LTC profitability (it won't be 100% because of orphans, etc). There will be days with 70% and days with 130%, but in the long term it will be just slightly below 100%, like 98-99%.

When you're mining at CleverMining, part of your hashrate goes to mining LTC and part of your hashrate goes to mining other coins (because not always there are other coins more profitable than LTC). That LTC part will generate ~98% in the long term just as if you were mining on a straight LTC pool. That other-coins part will generate >98% in the long term. The combined and final result is our 106% LTC profitability over the last 30 days compared to ~98% which you can expect at a straight LTC pool, so it's 8% better. And this is your reason to stay at CleverMining.

Our website server and database is keep having issues all day long. I'm sorry for this and I'm fighting these problems all the time. It may cause website to go down or don't show stats from the last hours. Then when it gets synced again it will show all data for this time.

Mining is totally not affected and everything is working fine here. The core database is not connected to the website and it's collecting all your shares and stats. It's only website database having problems. I hope I'll be able to resolve this issue soon.

Variance. I will not repeat this again.


I've contacted Terk.

Error 500
Houston, we have a problem

There's something broken on the server. We've deployed our army of trained monkeys to fix it ASAP.

And here we are again...

90% LTC profitability? Can anyone explain why one should stay with this pool and not straight mine LTC currently? No flaming, thanks!