Bitcoin Forum

Economy => Services => Topic started by: Terk on December 30, 2013, 06:14:53 PM



Title: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on December 30, 2013, 06:14:53 PM
This was a beta thread for closed beta tests of www.clevermining.com (http://www.clevermining.com) auto-switch mining pool.

Long story short: I underpromised and overdelivered, promising to pay guaranteed 120% Litecoin profitability but surprising beta users and actually paying more.

The pool is now open to everyone. Please refer to the webpage (http://www.clevermining.com) or to the current thread (https://bitcointalk.org/index.php?topic=448649).

Original post for reference:

I am developing custom altcoin-switching pool software and would like to rent some scrypt hashing power for short-term beta testing before public launch.

Short version:

During this closed beta period I'm offering guaranteed 120% LTC profitability, that is I'll pay 120% of what your hashing power would earn if you were mining Litecoins - as of this moment it is [deleted old numbers] BTC/day per 1 MH/s comparing to 0.00745 BTC/day per 1 MH/s if you were mining Litecoin at 0% fee pool. Reply or PM me with your hashrate and I'll send you the pool address (VARDIFF, BTC address as username).

More details:

You will be paid based on accepted shares and earnings will be calculated based on current conditions (Litecoin difficulty and LTC/BTC price). Payouts are daily with no minimum balance required for payout.

I don't publish the pool address because I need to limit hashrate of this beta test to be sure that I'll be able to pay 120% LTC profitability from my own funds even if it won't earn me that much. I want to increase hashrate gradually while monitoring the pool so I will be providing access on a first-come first-serve basis with possible delays between people starting mining. Rigs of all sizes are welcomed.

This is my offer for the beta testing period which is limited in time. As of now, you will have access to some very basic but nearly real-time stats (https://i.imgur.com/hfJ2wIj.png) to check what hashrate is detected by the pool. More detailed stats with hourly breakdowns and actual BTC earnings are coming very soon.

This is a beta test so even while I think that uptime will be 100%, I don't guarantee it. You are advised to setup a backup pool in your miner to don't lose hashing time in case of any problems.

If you are interested, please reply or PM telling me your hashrate and when you could start mining. If you have any questions or suggestions, please feel free to share.

(edit: updated current rates basing on new LTC difficulty and LTC/BTC prices)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: jdebunt on December 30, 2013, 09:18:04 PM
I have 630khash/second i can point towards your pool. Can start right now if you want.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on December 30, 2013, 09:49:31 PM
Great. I just sent you access details over PM.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Blazed on December 31, 2013, 01:43:55 AM
I am willing to try it.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Caiapfas on December 31, 2013, 02:10:37 AM
I get 140 kh/s with my baby rig and willing to point it to you. how much per day would i make?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Blazed on December 31, 2013, 04:46:42 AM
How much hashing power you after??  I can point 75MH your way anytime you are ready.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: jdebunt on December 31, 2013, 08:21:34 AM
Great. I just sent you access details over PM.

Mining has begun :)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on December 31, 2013, 12:07:05 PM
I sent both of you access details. Looking forward for that 75 MH/s! More hashpower is welcome for anyone who'd like to try. At this point results are very promising!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 02, 2014, 12:51:31 AM
First payouts have been sent for until yesterday (1st Jan) inclusive (I'm using UTC time). They all include +20% premium over LTC profitability as agreed. If I ever decide to offer bigger premium, all beta users will receive additional top up payments for their beta hashing since the start to match that new offer.

Payouts for 2013-12-31: https://blockchain.info/tx/f06b607d053c9caed405c1acba3f1181263cf94958a46a0ed073f5c11b299409
Payouts for 2014-01-01: https://blockchain.info/tx/50c8b1ef8b363bbb64226323b74dc6b93cfbe9e54a77f1d3fedebfd959b844b4
Litecoin payout for 2013-12-39 to 2014-01-01: http://block-explorer.com/tx/15dc5402edf8e3849af512bb9dec30c57d862267170f35607069547e6c7f5b19

Amounts are tiny because I only have couple of MH/s running in this pool. Everything is working great and I'd love to join much more hashpower to be able to mine altcoins with more difficulty and to reduce variance. The sooner I can get more hashpower the sooner I can verify my predictions and offer a final, better premium than +20%. Please spread the word and help me get more hashpower quicker. Thanks! :)

Also: there are more details on your stats pages with daily breakdown of average MH/s accepted and rejected and how much you have earned. This is still quick and simple, but I hope it's enough for now. I'm more focused on under-the-hood things than on the website.

For anyone who hasn't joined yet but is interested what kind of stats are available, there's a quick screenshot below. You can also see what BTC/day per 1 MH/s is earned by my users. It depends on LTC/BTC price, but in general is a stable 0.0127-0.0129 BTC. I believe that after-beta I will be able to offer better premium than the current +20%, but I really need to test with much more hashpower than I have now to be able to commit to higher level of premium.

Thank you all for joining this pool and new members are very welcome!

https://i.imgur.com/om5TMU4.jpg


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 03, 2014, 01:27:45 AM
Payouts for 2014-01-02 (UTC) sent:

https://blockchain.info/tx/7005a348fefc1b747102f76abc482440bab465637946ed2b4704748e35949ce4
http://block-explorer.com/tx/e8c9634ed2cc5907842be4b752c7718b4242446ae89a2ca84f75628be86eea5b

Still need more hashpower.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: syphen on January 03, 2014, 03:47:13 AM
I have 500 khash I can start right now :P


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: A1ty on January 03, 2014, 07:22:08 AM
I have about 75 khashs, send me a PM if you'd like. :)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: shacky on January 03, 2014, 07:48:09 AM
Hi,

I have 75 Mhash, and looking to mine in a pool more profitable than ltc let me know the details!

Thanks


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Caiapfas on January 03, 2014, 07:57:50 AM
Hi,

I have 75 Mhash, and looking to mine in a pool more profitable than ltc let me know the details!

Thanks


75 mh/s how many ltc does that get you in a day?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 03, 2014, 10:10:30 AM
Sent new access details.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: leancuisine on January 04, 2014, 12:13:49 AM
Hi,

I have 75 Mhash, and looking to mine in a pool more profitable than ltc let me know the details!

Thanks


75 mh/s how many ltc does that get you in a day?
According to litecoinminingcalculator.com, 23.61 LTC every day ($571.39). :P


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 04, 2014, 12:52:51 AM
Payouts for 2014-01-03 (UTC) sent:

https://blockchain.info/tx/0764e5c84d0156ed17edefb24acaecd1c7bea6b8e561c160a7fdf98b6180443e
http://block-explorer.com/tx/e5f2b16a8cbe782aaa78aa2af6df35e3da6fd7b5971398d9035ecff028bc7f69


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: fotoskyen_dk on January 04, 2014, 11:46:20 AM
2250 KH/s if you'd like it send PM....


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: EZ Hashing on January 04, 2014, 07:51:26 PM
I have 2850 KH/s, please PM. thanks.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 05, 2014, 12:44:16 AM
Payouts for 2014-01-04 (UTC) sent:

https://blockchain.info/tx/c6de93c6b21f3f08a29351beeef13fca8e88bbd9ab3c0c079dd113add8c14c91
http://block-explorer.com/tx/77f414080c59db4c41b01da4aa7ae677f1dbbae263ea1f06ca02aa6723062285

New access details sent before (didn't reply here to don't bump this thread too often).


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 06, 2014, 12:44:47 AM
Payouts for 2014-01-05 (UTC) has been sent:

https://blockchain.info/tx/78c6bbe5a02e44c1a2277c572adb919a297e4a3b6c7752d27ce84c6a684a4ce5
http://explorer.litecoin.net/tx/32b3eb05112c5588e95e60f16c4ef67a383d0d4e0941ac7ab6b9423d2be5e4bf


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: compile on January 06, 2014, 01:06:58 AM
I have 640khs if still looking for more.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: shacky on January 06, 2014, 01:45:34 AM
Im sending 30.000 Kh/s to Terk's pool for more than 48 hours.

I got his payment quick and without issues. Im sure his pool will be a big one when the beta process finished!

Thanks!



Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 06, 2014, 01:56:02 AM
Im sending 30.000 Kh/s to Terk's pool for more than 48 hours.

I got his payment quick and without issues. Im sure his pool will be a big one when the beta process finished!

Thanks!

Thanks shacky for both your hashpower and for feedback sent over PM! And for the trust when you put 30.000 kH/s three days ago as I showed out of nowhere and announced my offer! I'm glad you're happy with the pool. :)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Pt0x on January 06, 2014, 02:10:31 AM
Hi Terk!.

I have 18Mh/s of scrypt that I would like to send to your pool.

Can I Join?

cheers!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 06, 2014, 02:22:26 AM
Hi Pt0x. Access details sent over PM.

To everyone: this beta period is coming to an end and I believe I will be launching the pool within 48 hours. I'll let you all know couple of hours in advance. The end of beta will mean end of current offer with guaranteed profitability. The post-beta model will be just me taking a fee of what the pool earns and user payouts will simply be based on the pool results, without profitability guaranties. The good news is that you should earn more then, as the pool has been earning more than 120% during the beta period. I'll keep you updated!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 06, 2014, 04:42:54 AM
lol I have about 80 kh/s of scrypt, can I still try this?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: hasher87 on January 06, 2014, 09:46:17 AM
i can earned about 0.012+ btc on average via 750KH rig within 24hrs through a special altcoin switching pool, im thinking you are applying a similar method i see  ;D


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 07, 2014, 12:31:39 AM
Payout for 2014-01-06 (UTC) sent:

https://blockchain.info/tx/6e0fd8c1b0f059a9fbab7407085252955ab5efb388e984ea37b15537a1e75c6f
http://explorer.litecoin.net/tx/128e56fafdfc97ce616ffa890eec95822aca45f3937cab3d1fda1d9471bd7212


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 08, 2014, 12:31:39 AM
Payout for 2014-01-07 (UTC) sent:

https://blockchain.info/tx/d24f19dd5a270cb1d21085c6816b81508ff15a078b84d25e54a5e2830784a813
http://explorer.litecoin.net/tx/33e1fc03166632e91e661d519b374da6c9b08c796ac7750b7a664e90093c7315


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Caiapfas on January 08, 2014, 12:41:22 AM
Can you tell us more details about your altcoin pool switching software?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 08, 2014, 12:49:31 AM
Can you tell us more details about your altcoin pool switching software?

It's 100% custom and written by me. It doesn't use coinwarz or coinchoose or anything similar. I believe it will provide better profits than any other altcoin switching pool.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Pt0x on January 08, 2014, 04:08:56 AM
Today I received my second payment using this pool, nice results so far.

Thanks Terk! Keep up the good work!!.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 08, 2014, 05:56:12 AM
This is simply awesome, with only 80 khash/s I have already earned about 0.0002, and that wasn't even mining all day.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 09, 2014, 12:46:43 AM
Payout for 2014-01-08 (UTC) sent:

https://blockchain.info/tx/aab38b3f0005cd66c0ff382def554686ccbf911843e9e7d6c7edc33975453e3f
http://explorer.litecoin.net/tx/f539692b228b4c0b1a312e13ae7ef667ebd0abba878563e7853d93fd80a093ec


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: SplunkCOS on January 09, 2014, 06:30:47 AM
Are you still looking for rig volunteers? I have 2.5Mh I can forward your way.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: HPWolf on January 09, 2014, 06:38:06 AM
I have a puny 280kh/s to add
wouldn't mind a try.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: hasher87 on January 09, 2014, 08:36:38 AM
sent you a pm, hoping for a trial run  ::)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 09, 2014, 10:06:37 AM
I would like to say, this pool is quite good. By the way, I would like too add an option for us to set the difficulty.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 10, 2014, 12:23:36 AM
Payout for 2014-01-09 (UTC) sent:

https://blockchain.info/tx/b90a067e375548b813e3c1527c6177199c09ab497f669d0dab27b78bc95840cb


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 10, 2014, 12:26:14 AM
For everyone wanting to join: sorry, this beta is closed now. I am just a day or two before finishing this software and I don't want to add new users at this moment. Please be patient and I welcome you very much as soon as the pool launches. I'll let you know!

I would like to say, this pool is quite good. By the way, I would like too add an option for us to set the difficulty.

I don't think that there's a need for such a feature since the pool supports vardiff. It means that it adjusts difficulty based on your hashing power and tries to setup difficulty for each miner so that it submits on average four shares per minute (in the range of 16-512).


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: STT on January 10, 2014, 02:19:36 AM
615kh  I'm your huckleberry

edit :(


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 10, 2014, 09:33:06 AM
For everyone wanting to join: sorry, this beta is closed now. I am just a day or two before finishing this software and I don't want to add new users at this moment. Please be patient and I welcome you very much as soon as the pool launches. I'll let you know!

I would like to say, this pool is quite good. By the way, I would like too add an option for us to set the difficulty.

I don't think that there's a need for such a feature since the pool supports vardiff. It means that it adjusts difficulty based on your hashing power and tries to setup difficulty for each miner so that it submits on average four shares per minute (in the range of 16-512).

I know that, but just so you know, i have a crappy GPU, and it eventually sets me to 16, but sometimes it just fails and sets me to 256 and i barely get any shares.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 10, 2014, 11:08:51 AM
I know that, but just so you know, i have a crappy GPU, and it eventually sets me to 16, but sometimes it just fails and sets me to 256 and i barely get any shares.

256 is the initial difficulty after I restart the pool application (happens couple times a day). You should get to your destination difficulty within 10-15 minutes after reconnecting.

But you don't need to worry, as 256-difficulty share is worth 16x more than 16-difficutly share. So you earn the same from 1x 256-difficulty share and from 16x 16-difficulty shares. In the end, you always earns the same for your hashpower. You don't lose anything because of this.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 10, 2014, 02:08:13 PM
I know that, but just so you know, i have a crappy GPU, and it eventually sets me to 16, but sometimes it just fails and sets me to 256 and i barely get any shares.

256 is the initial difficulty after I restart the pool application (happens couple times a day). You should get to your destination difficulty within 10-15 minutes after reconnecting.

But you don't need to worry, as 256-difficulty share is worth 16x more than 16-difficutly share. So you earn the same from 1x 256-difficulty share and from 16x 16-difficulty shares. In the end, you always earns the same for your hashpower. You don't lose anything because of this.

Oh alright. By the way, can you give us a list of the altcoins you switch to?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 10, 2014, 03:14:37 PM
Oh alright. By the way, can you give us a list of the altcoins you switch to?

They are the most profitable coins of course ;-)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 10, 2014, 03:55:59 PM
Oh alright. By the way, can you give us a list of the altcoins you switch to?

They are the most profitable coins of course ;-)

Lol... Im having stratum disconnect problems right now, and by the way, i found 3 blocks, and earned next to nothing from them :p

EDIT: Your pool is completely down right now, except for web interface.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 10, 2014, 04:07:12 PM
Update: Pool is back up.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 10, 2014, 04:33:36 PM
EDIT: Your pool is completely down right now, except for web interface.

Update: Pool is back up.

As I wrote before, this is work in progress. There was a downtime between 15:54 and 15:58 (UTC). Sorry for that. Thanks for reporting this, I'll investigate logs to check what might cause this.

i found 3 blocks, and earned next to nothing from them :p

Not sure if you understand how the pool works.

First, I don't think you are notified that you found a block. You only solve shares (which are at much lower difficulty than actual blocks that being mined) and what you are notified is that you sent a share and it was accepted. Usually there are thousands of shares from several miners before a block is found.

Second, you're always paid according to the shares that you've submited. This is how a pool works - several miners try to solve a block collectively and then the payout is shared between users based on amount of work that they contributed (number of shares * individual share difficulty).


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 10, 2014, 04:54:33 PM
Hmmm according to CGMiner, I got a share that had a difficulty higher than the network difficulty, which translates to a block being solved.
I assumed your pool was simply pointing the hashrate at other altcoin pools.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 10, 2014, 05:06:02 PM
Hmmm according to CGMiner, I got a share that had a difficulty higher than the network difficulty, which translates to a block being solved.
I assumed your pool was simply pointing the hashrate at other altcoin pools.

What value your CGMiner reports as “network difficulty” at this moment?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 10, 2014, 05:17:57 PM
Usually it keeps changing every few minutes to 10 minutes, right now it reports as 1.06M, but sometimes it can go as low as 5K.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 10, 2014, 06:10:29 PM
OK, i temporarily switched to another pool, your vardiff isn't working, I have been mining for 20 minutes and I got 1 share, it's too hard for me to get shares on diff 256. All shares with lower difficulty cannot be submitted, so I rather have my diff at 16 or at least 31.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 10, 2014, 06:11:54 PM
Can you tell me your username so that I could check what was wrong with vardiff?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 10, 2014, 06:18:48 PM
Can you tell me your username so that I could check what was wrong with vardiff?

PMed.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 10, 2014, 06:34:17 PM
Can you tell me your username so that I could check what was wrong with vardiff?

PMed.

Vardiff works just fine. This is a log of times and difficulty of your shares submitted after you connecter earlier today:

Code:
2014-01-10 16:01:33         256 
2014-01-10 16:12:48         256
2014-01-10 16:13:25         256
2014-01-10 16:21:49         256
2014-01-10 16:21:52          16
2014-01-10 16:21:54          16
2014-01-10 16:22:31          16
2014-01-10 16:22:49          16
2014-01-10 16:22:55          16
2014-01-10 16:22:56          16
2014-01-10 16:22:58          16
2014-01-10 16:23:36          16
2014-01-10 16:23:44          16
...

You got initial difficulty 256 as everyone. After submitting only four shares within 20 minutes, you were switched to difficulty 16. Later I needed to restart the pool app so you went back to default 256 and then were switched to 16 again.

Keep in mind that you really don't lose anything while temporarily being on a higher difficulty. You might submit one share per couple of minutes but this share is worth more. With lower difficulty, you have more frequent shares but they're worth less. In both cases you'll earn the same if measured in a longer period. If you plan to mine for only an hour or two, then you should care about low difficulty. If you plan to mine for day/days, then it really doesn't matter. I could setup a fixed 512 with no vardiff and you would still be fine and earn the same during the whole day.

Anyway, vardiff works fine.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 10, 2014, 06:37:51 PM
Hmmm Well after 20 minutes i switched to another pool, maybe that's why i didn't see the diff change.
I'll point my card at your pool for this night and see how it goes.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 11, 2014, 12:28:07 AM
Payout for 2014-01-10 (UTC) sent:

https://blockchain.info/tx/5b0875a0ba42c8e4fd5dee1a11553588d7cd89d0c84005f53d2210f7550ca91c


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 12, 2014, 12:13:12 AM
Payout for 2014-01-11 (UTC) sent:

https://blockchain.info/tx/b10af6d8a55651c140f03a012a0273683450fb0c9d462c944b18186846e84dc1


Title: This message was too old and has been purged
Post by: Evil-Knievel on January 12, 2014, 01:17:30 AM
This message was too old and has been purged


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 12, 2014, 12:41:23 PM
Yo fella, I have a 6,500 kh/s rig standing around. If you are intrested just give me a holla.

Thanks for interest. I'm in the middle of transforming payout model to post-beta model and I wouldn't like adding more users at this moment, not before I finish automated payments (I still do them manually). Please be patient a little bit more. I'll send you PM when I'm ready to open for everyone. Thanks!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 13, 2014, 12:41:34 AM
Payout for 2014-01-12 (UTC) sent:

https://blockchain.info/tx/ef392a63765661edf62e1aa6c865a39c12e1b9c15720ec575b8319829ae12ddd


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: dima1236 on January 13, 2014, 04:05:29 AM
i have 6.7mh/s and my friend got extra 8mh/s - we both would like to give it a try if possible.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Pt0x on January 13, 2014, 04:14:23 AM
Payout for 2014-01-12 (UTC) sent:

https://blockchain.info/tx/ef392a63765661edf62e1aa6c865a39c12e1b9c15720ec575b8319829ae12ddd

Thanks!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 14, 2014, 12:53:38 AM
Payout for 2014-01-13 (UTC) sent:

https://blockchain.info/tx/7893f39219221ef02581a753bcee6bfc672751bbae61f460d6275d674348f6bb


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 15, 2014, 12:18:50 AM
Payout for 2014-01-14 (UTC) sent:

https://blockchain.info/tx/d51bdbe9a2e73bb40a2a0442dc9477791b5e18cc8cea96c7d373829ba0ac6376


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Pt0x on January 15, 2014, 03:07:39 AM
Payout for 2014-01-14 (UTC) sent:

https://blockchain.info/tx/d51bdbe9a2e73bb40a2a0442dc9477791b5e18cc8cea96c7d373829ba0ac6376

Thanks again!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 16, 2014, 12:21:58 AM
Payout for 2014-01-15 (UTC) sent:

https://blockchain.info/tx/4b6741b59df05fa1b7f6ef2380163b9085468f26e0f6ca2b0d93c17f832ff24d


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: erre on January 16, 2014, 12:40:08 AM
Hi, i have 420 kh/s right now, and 3000 more "wannabe" kh in a little time (waiting for the risers).
I'm looking for a good multipool, didn't see any till now, i'm really interested in your project.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: smashpt on January 16, 2014, 01:28:31 AM
Hi, how much would 1.500 khash made a day?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 16, 2014, 10:49:23 AM
Hi, how much would 1.500 khash made a day?

The rates change every day.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: smashpt on January 16, 2014, 11:31:56 AM
Hi, how much would 1.500 khash made a day?

The rates change every day.

yea, but an estimate?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 16, 2014, 12:48:36 PM
Hi, how much would 1.500 khash made a day?

The rates change every day.

yea, but an estimate?

Average earnings per 1/MHs from 07/01-16/01: 0.00989215888 BTC.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 17, 2014, 12:27:34 AM
Payout for 2014-01-16 (UTC) sent:

https://blockchain.info/tx/287d8adce4f137741ac3f11970f937087f97542ee171409ce866cf0d08d9172e


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 18, 2014, 12:54:46 AM
Payout for 2014-01-17 (UTC) sent:

https://blockchain.info/tx/b2711d973967281c7b6e61d6b639c21defd180c32c06bcee22fda8a6778e525f


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 18, 2014, 09:58:04 AM
Hmmm pool had quite a lot of downtime yesterday compared to other days, and it is down right now.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 18, 2014, 11:38:32 AM
Hmmm pool had quite a lot of downtime yesterday compared to other days, and it is down right now.

It wasn't down at the time you was writing it and I didn't notice downtime yesterday.

This is a minute-by-minute hashrate average from the time you wrote your post (times are UTC). No downtime.

Code:
| 2014-01-18 09:50 | 110.4642 |
| 2014-01-18 09:51 | 126.8646 |
| 2014-01-18 09:52 | 111.3304 |
| 2014-01-18 09:53 | 118.6933 |
| 2014-01-18 09:54 | 112.3505 |
| 2014-01-18 09:55 | 113.2528 |
| 2014-01-18 09:56 | 113.1577 |
| 2014-01-18 09:57 | 113.8939 |
| 2014-01-18 09:58 | 127.3911 |
| 2014-01-18 09:59 | 118.3373 |
| 2014-01-18 10:00 | 102.8347 |


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 18, 2014, 01:40:29 PM
Then I have no idea, CGMiner refused to connect to pool and reported it as "dead".


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: bmoconno on January 18, 2014, 02:03:44 PM
If you're still looking for people, I'd be interested in pointing 1.7-3.4 Mh/s at it.  Thanks!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Ritual on January 18, 2014, 03:12:34 PM
This looks like the pool I will be joining. Watching closely for further announcements :)

(and good luck with testing in the meantime!)

Rit.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 19, 2014, 12:34:41 AM
Payout for 2014-01-18 (UTC) sent:

https://blockchain.info/tx/d41ebd1b95998e925a31589af0cacb9a4584227480b614ecc22f4554405f1ec7

I'll have some news tomorrow about launching the pool for public. Stay tuned!

@bmoconno: Please wait until I launch the pool. It's going to be very soon. I'll write more tomorrow!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 19, 2014, 01:03:34 AM
Cool!
Also, when pool is officially launched, is it still 120% of LTC profitability?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 20, 2014, 01:59:14 AM
@byt411: You have your answer below :)

Payout for 2014-01-19 (UTC) sent:

https://blockchain.info/tx/16cb5936542f6029ef76e5fdca0b088e4e9f1e2fb796faaa24b1e88ac3d6b684

Dear beta users,

2014-01-20 will be the last beta day with the fixed 120% LTC profitability payouts, but this isn't a bad news as I believe you will be earning more post-beta. You can (and should :)) still continue mining at my pool and you don't need to change anything - the current address will still work. Post-beta will differ in two significant ways:

You will earn what the pool actually earns minus my fee.

This means no guaranteed minimum profitability, but also means that you can earn more than the current 120%. For example the beta period was more profitable than 120%. This generally means that if this trend continues (and I'm sure it will), you can expect to earn more. I will publish detailed stats about beta period profitability soon.

Payouts will be couple of times per day and as soon as altcoins are exchanged into BTC.

We are mining altcoins which need to mature, then be sent to exchanges, then be exchanged to BTC, then withdrawn from exchanges. It all takes time and this time is different for different altcoins. During the beta I was paying you from my own money without waiting for all of this to complete. Post-beta you will simply get paid when exchanged BTC return from exchanges. For some part of your balance this will mean quicker payments than now (when the pool is mining altcoins that are quick to mature and exchange), for some part of your balance the delay will be longer. The pool website will provide very detailed stats so you will know what's the status.

Bonus payout for my great beta users!

I want to thank you all for participating in this closed beta and for the feedback that you provided. I want to show my gratitude by sending you a bonus payout! As I wrote, the pool actually earned more than offered 120% profitability during beta period (some days were worse, but most days were better) - and the post-beta payout model will be more profitable for users. What I'm going to do is simply to apply post-beta payout model to all beta hashing since 2014-01-04. So you had guaranteed 120% LTC profitability and now you will have your payments top up to the actual profitability that the pool had! This will mean a few percent more over the current 120%.

What's next.

2014-01-20 is the last beta day with current conditions (fixed 120% LTC). Then there will be the last manual and guaranteed payment after the day ends.

2014-01-21 will be paid based on post-beta conditions and will still be invitation-only. During this day automated payments module will be turned on and it will start paying exchanged balance couple of times a day. This is when the bonus payment will be sent - your balance at the start of the day will be equal to your share of what the pool actually earned since 2014-01-04 minus all your past payments since 2014-01-04 and the automated payments module will simply pay your remaining balance. During this day I'm going to test automated payments and I hope to finish the website with detailed stats and reports. You will get access to the new stats webpage as soon as it's ready.

I will also need to make some performance improvements before I let everyone in, but I'm not sure yet how long it will take. It's possible that I do it on 2014-01-21 as well, but it's also possible that I will need one more day.

Depending on the above, the public launch will be on Jan 22nd or 23rd and the pool will stop being invite only then.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: bmoconno on January 20, 2014, 02:04:31 AM
Excellent news, can't wait!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: jdebunt on January 20, 2014, 06:30:00 PM
Also looking forward to this :)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: hipstacoin on January 20, 2014, 06:55:02 PM
Great news. I have very good experiences with your pool and am anxious to see what the "real" payout is. What is the percentage fee that you're using?

Keep up the good work and great communication. Will you also be working toward more transparency? (e.g. showing what coin we are mining, total hash speeds, etc)

You've got my full hashing power!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 20, 2014, 07:32:35 PM
I can't wait. This pool can be described with one word: AWESOME!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: shacky on January 20, 2014, 08:36:13 PM
I love this pool!!

Want to see it running without BETA period!! :D

I trust my 80.000 KH/s to Terk, He really know what to do to get the best return!!

Thanks


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 20, 2014, 09:24:09 PM
I love this pool!!

Want to see it running without BETA period!! :D

I trust my 80.000 KH/s to Terk, He really know what to do to get the best return!!

Thanks

Well, you will earn a ton of BTC. Read your PM.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Aki4real on January 20, 2014, 09:31:15 PM
How can I join this pool?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Pt0x on January 20, 2014, 09:37:06 PM
I must say that this pool rocks!!, so far my 18000KHs have worked great so far. I can´t wait to see the post beta version!

Great Work Terk!!

Pt0x


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 20, 2014, 10:03:57 PM
How can I join this pool?

You must wait for official launch now. Read PM for full details!
I must say that this pool rocks!!, so far my 18000KHs have worked great so far. I can´t wait to see the post beta version!

Great Work Terk!!

Pt0x

Don't even talk about your hashpower, me trying with 100KHs is already awesome!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 21, 2014, 01:33:45 AM
Thank you guys! I'm really happy that you're happy with the pool :)

Payout for 2014-01-20 (UTC) sent:

https://blockchain.info/tx/c4c9ffc0651065b7c909e5d21364ea82435241dbefe3a0ed76b0d5e177c51656

This was the last manual payout and tomorrow new automated payouts will start running, along with the new payout model.

The beta website with your stats and earnings won't show earnings for 2014-01-21 and further, as they are not paid using fixed 120% LTC rate. You will still see your current hashrate on the current beta website to make sure that everything works well, but please wait until tomorrow evening for the new website with new stats and earning reports. I will be finishing it tomorrow and will send it to you as soon as it's ready. I'm sorry for the inconvenience. The new stats will be much more detailed and I believe you will like it! :)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 21, 2014, 09:29:31 PM
Thank you guys! I'm really happy that you're happy with the pool :)

Payout for 2014-01-20 (UTC) sent:

https://blockchain.info/tx/c4c9ffc0651065b7c909e5d21364ea82435241dbefe3a0ed76b0d5e177c51656

This was the last manual payout and tomorrow new automated payouts will start running, along with the new payout model.

The beta website with your stats and earnings won't show earnings for 2014-01-21 and further, as they are not paid using fixed 120% LTC rate. You will still see your current hashrate on the current beta website to make sure that everything works well, but please wait until tomorrow evening for the new website with new stats and earning reports. I will be finishing it tomorrow and will send it to you as soon as it's ready. I'm sorry for the inconvenience. The new stats will be much more detailed and I believe you will like it! :)

Great work! I'm sure this will become an awesome pool, and I will continue mining at your pool!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Musent on January 21, 2014, 11:09:35 PM
Is the beta closed for trying the pool out now?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 22, 2014, 02:32:54 AM
@Musent: beta is closed now. I hope launching to the public on Friday.

To all beta users: please check your stats page for links to new website and new stats. Please read the info on your beta stats page.

This is still work in progress and not all stats are available, but you can see actual profitability. Some highlights:

2014-01-21 was our best day ever. We had 360% of Litecoin profitability so you earned 0.026108 BTC per 1 MH/s today
(compared to 0.007246 BTC which mining LTC would earn). Yay!

Overall profitability since 2014-01-04 is 146%. I paid you 13.94 BTC in total for the beta period based on 120% Litecoin profitability fixed fee, but the pool actually earned 15.52 BTC during that time. The 1.58 BTC difference is your bonus payment and it will be sent as soon as the automated payment is running (I am still troubleshooting some accounting issues and haven't turned it on yet, sorry; I'll have it running tomorrow).

All the final tiny details are taking so much time and sometimes causing unexpected problems and this is the reason I'm a bit late in development compared to what I hoped. There is going to be a serious money involved and I want to have everything tested in and out before I deploy to production server. The current roadmap is more stats/reports and automated payouts done on 2014-01-22. Performance tuning on 23rd and launch on 24th. Keep your fingers crossed!

In the meantime let me know what do you think about profitability and about the stats. Thanks!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: crazy987 on January 22, 2014, 12:50:55 PM
if i want to continu mining, as this is not clear to me now, do i still need to use my BTC address as username?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 22, 2014, 01:48:39 PM
if i want to continu mining, as this is not clear to me now, do i still need to use my BTC address as username?

Yes, nothing changes here. You still use your bitcoin address as username and the pool address is still the same.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 22, 2014, 05:06:46 PM
Awesome! Right now its still running at 297%!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 22, 2014, 06:13:53 PM
Might I add, our best hour was 21/01/2014 at 21hrs, we had 1060% of LTC profitability.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 22, 2014, 11:37:24 PM
Just wanted to let you know that per-user stats are ready. They will be improved in the future but for now I think it's enough. The address is new-website/users/your-username. You also have a link on beta-stats page.

I'm finishing testing automated payouts and they will start running on Thursday. We're very close to public launch now!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Symon on January 23, 2014, 08:19:13 AM
Nice job !


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: hipstacoin on January 23, 2014, 10:35:10 AM
Total Expected   0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! ;)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: crazy987 on January 23, 2014, 12:30:59 PM
Total Expected   0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! ;)

whats your hash power?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 23, 2014, 06:12:36 PM
LOL i have a -0.0005 ready to payout balance???

Total Expected   0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! ;)

whats your hash power?

He has 2.8 MH/s


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 23, 2014, 07:04:54 PM
He has 2.8 MH/s

I think more like 2.3 MH/s based on 24-hour average. 2.8 MH/s was an 1-hour value and you need to remember that hashrate measured by any pool is only an estimate which is vulnerable to temporary luck/unluck in solving shares.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 23, 2014, 07:08:59 PM
He has 2.8 MH/s

I think more like 2.3 MH/s based on 24-hour average. 2.8 MH/s was an 1-hour value and you need to remember that hashrate measured by any pool is only an estimate which is vulnerable to temporary luck/unluck in solving shares.

Of course, it can't be exact.
Terk, can you tell us why "ready for payout" balances are negative?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 23, 2014, 07:10:59 PM
LOL i have a -0.0005 ready to payout balance???

This is a temporary thing because of automated payouts not working yet and the data about BTC withdrawn from exchanges is out of sync (because I don't withdraw them to the pool automated wallet yet, but to my own wallet on my computer). Until 20th Jan I was paying from my own money without waiting for coins to be exchanged, so the negative balance in “ready to pay” means “there were paid more than were withdrawn from exchanges”, which was correct on 20th Jan. The pool currently doesn't know how many BTC were withdrawn from exchanges after 20th.

So the negative balance is because I paid you more than was withdrawn from exchanges as of Jan 20th and the data of withdrawn coins wasn't synced after that. In reality, most of the unexchanged balance is already exchanged so it should be in ready for payout category.

The total balance is correct though. The difference is only some coins should be in different categories.

I'm just starting automated payouts so balances in particular categories will get sync soon.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 24, 2014, 01:33:27 AM
A quick update: automated payouts are already running and all current balance has been paid out. There will be ongoing payouts couple of times per day from now on for all “ready to pay” balances of minimum 0.01 BTC.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 24, 2014, 07:45:39 AM
A quick update: automated payouts are already running and all current balance has been paid out. There will be ongoing payouts couple of times per day from now on for all “ready to pay” balances of minimum 0.01 BTC.

Uhhhh... So now minimum payout is 0.01BTC?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: crazy987 on January 24, 2014, 08:45:14 AM
Very nice!
Been switching a lot lately, but thi is much better !


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 24, 2014, 11:06:02 AM
Uhhhh... So now minimum payout is 0.01BTC?

It's 0.01 BTC for ongoing payouts that happen during the day (multiple times per day). There is no sense to lower this threshold and send 0.002 BTC every couple of hours to the same user.

I will add one daily payout for users with minimum 0.001 BTC balance, so there will be 0.01 BTC minimum for ongoing payouts during the day and 0.001 BTC minimum for once-a-day payout.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 24, 2014, 04:40:33 PM
Uhhhh... So now minimum payout is 0.01BTC?

It's 0.01 BTC for ongoing payouts that happen during the day (multiple times per day). There is no sense to lower this threshold and send 0.002 BTC every couple of hours to the same user.

I will add one daily payout for users with minimum 0.001 BTC balance, so there will be 0.01 BTC minimum for ongoing payouts during the day and 0.001 BTC minimum for once-a-day payout.

That's OK. It's because some users like me, have a crappy hashrate, and dont earn that much.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: film2240 on January 24, 2014, 09:34:08 PM
If you're willing to pay that 120% in BTC to me,I'll do it.My PC gives 400-460 KHash/s for scrypt mining. :)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 24, 2014, 10:18:23 PM
If you're willing to pay that 120% in BTC to me,I'll do it.My PC gives 400-460 KHash/s for scrypt mining. :)

Wait for official launch, pool is closed for now. And it's no longer 120%.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: jamerika on January 25, 2014, 02:11:49 PM
How can I join? Expecting to receive a 4400 KH/s miner this week.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Quacko on January 25, 2014, 02:47:48 PM
Total Expected   0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! ;)
Don't want to spoil but...
You have 2.4MH/s as I read above and u made 0.13098332 BTC in 11 days?! That means 0,004924BTC/MH/s, seems very low to me...


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 25, 2014, 08:17:33 PM
Total Expected   0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! ;)
Don't want to spoil but...
You have 2.4MH/s as I read above and u made 0.13098332 BTC in 11 days?! That means 0,004924BTC/MH/s, seems very low to me...

No, he earned this on Jan 21st, half of 22nd and from a bonus payout for previous 10 days. He already was paid for these 10 days the amount that we agreed at the beginning (120% of LTC profitability) but then I added additional payout for the past days based on actual pool profitability. So the 0.13098332 BTC was for 2 days + additional/unexpected bonus for previous 10 days (above what was paid for these 10 days).

Let me show you a screenshot from the stats website for the last week. The BTC per 1 MH/s column is the most interesting one.

https://i.imgur.com/vTUQhwC.png

21st was our best day ever with 0.026726 BTC/MHs/day, but whole week is good in general.

Keep in mind: these are results while still leaving some money on the table as we're too small for some more difficult coins. So for example I have entirely manually disabled Dogecoin (and some other coins) which sometimes becomes the the right choice to mine. But you can't mine them with 100 MH/s. I will turn these more difficult coins back when I launch for public and gather bigger hashrate. Right now we just knowingly ignore some profitable coins for the sake of stability.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 25, 2014, 08:18:08 PM
How can I join? Expecting to receive a 4400 KH/s miner this week.

I'm launching the pool to public after the weekend and your are more than welcome to join then!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 25, 2014, 09:43:01 PM
Total Expected   0.13098332 BTC

OMG! Is this from the 21st, and the bonus payouts since joining? (11 days of mining since Jan. 7th). If so, this pool absolutely is even more awesome and if you keep it up I will stick with you for evar! ;)
Don't want to spoil but...
You have 2.4MH/s as I read above and u made 0.13098332 BTC in 11 days?! That means 0,004924BTC/MH/s, seems very low to me...

No, he earned this on Jan 21st, half of 22nd and from a bonus payout for previous 10 days. He already was paid for these 10 days the amount that we agreed at the beginning (120% of LTC profitability) but then I added additional payout for the past days based on actual pool profitability. So the 0.13098332 BTC was for 2 days + additional/unexpected bonus for previous 10 days (above what was paid for these 10 days).

Let me show you a screenshot from the stats website for the last week. The BTC per 1 MH/s column is the most interesting one.

https://i.imgur.com/vTUQhwC.png

21st was our best day ever with 0.026726 BTC/MHs/day, but whole week is good in general.

Keep in mind: these are results while still leaving some money on the table as we're too small for some more difficult coins. So for example I have entirely manually disabled Dogecoin (and some other coins) which sometimes becomes the the right choice to mine. But you can't mine them with 100 MH/s. I will turn these more difficult coins back when I launch for public and gather bigger hashrate. Right now we just knowingly ignore some profitable coins for the sake of stability.

So does this mean that once we get a better hashrate when pool is launched, profit will probably go up?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 25, 2014, 09:57:37 PM
So does this mean that once we get a better hashrate when pool is launched, profit will probably go up?

You can't really predict anything with altcoins so it's hard to compare tomorrow to yesterday. But considering the same moments in time: if we had bigger overall hashrate today/yesterday, our profits would have been bigger. The same goes for the future - we would have better profits with bigger hashrate than with smaller hashrate. At least up to some point (I guess with 10,000 MH/s you're too big for some smaller coins that give us some profits now).


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: crazy987 on January 26, 2014, 10:22:24 PM
Just watch out that the hashrate doesnt get to high, see middlecoin, they payouts are getting less with a to high hashrate.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 26, 2014, 10:33:05 PM
Just watch out that the hashrate doesnt get to high, see middlecoin, they payouts are getting less with a to high hashrate.

Well today we are having an awful day, look at the 24hr stats.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 26, 2014, 10:52:16 PM
Well today we are having an awful day, look at the 24hr stats.

What's wrong with 165% Litecoin profitability and 0.01434 BTC/day per MH/s?! Haven't I spoiled you a bit recently? ;)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 26, 2014, 10:58:12 PM
Well today we are having an awful day, look at the 24hr stats.

What's wrong with 165% Litecoin profitability and 0.01434 BTC/day per MH/s?! Haven't I spoiled you a bit recently? ;)

Or are you refering to last three hours which were below LTC profitability? That's normal. We also had hours with 611% LTC, 459% LTC and 379% LTC today. It's variance. Last two hours were rough because we mined some blocks of a semi-difficult coin that were later orphaned and we took a hit. That happens sometimes. Our 24-hour average is still more than great!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: crazy987 on January 27, 2014, 10:20:26 AM
Terk,

Whats the authentication type we get when looking at the stats page, htaccess or something else?
I'm trying to build a basic C# app for android (mono for android) to get the stats on my phone, but i keep on getting the 401 error.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 27, 2014, 11:10:32 AM
Terk,

Whats the authentication type we get when looking at the stats page, htaccess or something else?
I'm trying to build a basic C# app for android (mono for android) to get the stats on my phone, but i keep on getting the 401 error.

It's http basic auth, just for now until the launch.

Don't bother with scraping HTML as it may change a bit. I'll provide the same data in json very soon (and there won't be http auth as well).


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: crazy987 on January 27, 2014, 11:16:19 AM
Terk,

Whats the authentication type we get when looking at the stats page, htaccess or something else?
I'm trying to build a basic C# app for android (mono for android) to get the stats on my phone, but i keep on getting the 401 error.

It's http basic auth, just for now until the launch.

Don't bother with scraping HTML as it may change a bit. I'll provide the same data in json very soon (and there won't be http auth as well).

Ah cool, can you let me know in advance?
Ill see if i can create an app then, mono is pretty good for it.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 28, 2014, 12:14:19 AM
We just had a very good day with 0.018408 BTC/day per MH/s (213% Litecoin profitability)!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: ewhenn on January 28, 2014, 04:08:28 AM
We just had a very good day with 0.018408 BTC/day per MH/s (213% Litecoin profitability)!

When's this open to the public? I'd like to point my hash at you.  I have 2 M/h with more in the post.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: hasher87 on January 28, 2014, 07:39:19 AM
We just had a very good day with 0.018408 BTC/day per MH/s (213% Litecoin profitability)!
going 250% now!! feels better than middlecoin! :D


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: sjasbury on January 28, 2014, 03:04:13 PM
Is the website not updating with stats?


nm it just took a while to update


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: jamerika on January 29, 2014, 12:06:32 AM
I would like to join, but where is the pool, on which website? :)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: crazy987 on January 29, 2014, 12:14:08 AM
shitload of rejects (90%).
Anything with the pool by any chance?

This is after running for 10 minutes
http://i57.tinypic.com/mw37s0.jpg


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 29, 2014, 12:49:18 AM
I think I broke something when migrating a lot of stuff between servers. Sorry for that. Can you tell me if it's working well now?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: crazy987 on January 29, 2014, 12:59:45 AM
I think I broke something when migrating a lot of stuff between servers. Sorry for that. Can you tell me if it's working well now?

Seems a lot better now, no more massive rejects.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 29, 2014, 07:53:23 AM
Rejects went down, was like 15 min mass reject.
Terk, can we have 2 minutes average hashrate stats?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 29, 2014, 09:26:09 AM
Rejects went down, was like 15 min mass reject.
Terk, can we have 2 minutes average hashrate stats?

I don't think 2 minute average makes sense. Hashrate reported by a pool is always only an estimate based on number and difficulty of shares that your miner sent. Even 10-minute average is very random and dependent on the luck factor. 2-minute avg would just jump between 20% and 500% of your real hashrate.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: crazy987 on January 29, 2014, 09:38:35 AM
I have a pretty basic android app done which allows me to read the hashrate, immature, unexchaned, ready for payout and total expected.
Anyone else interested in it?

For now its just scraping the website, but as soon as the API is implemented i will point it to that.
Build with Xamarin (mono for android) in C#

Also need to provide proof that you are mining on Terk's pool as it is not open to public yet.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Symon on January 29, 2014, 12:54:18 PM
Interested, yes !


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: crazy987 on January 29, 2014, 01:33:34 PM
Interested, yes !

Could you pm me your btc add so i can hardcode it, there is no save functionallity yet and its a pain in the ass to type the address every time.
Source will also come available through my own svn repo.

Min android level at the moment is currently 4.0

Btw, screenshot:
https://i.imgur.com/Gh8lar7.jpg


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 29, 2014, 04:35:35 PM
Rejects went down, was like 15 min mass reject.
Terk, can we have 2 minutes average hashrate stats?

I don't think 2 minute average makes sense. Hashrate reported by a pool is always only an estimate based on number and difficulty of shares that your miner sent. Even 10-minute average is very random and dependent on the luck factor. 2-minute avg would just jump between 20% and 500% of your real hashrate.

OK, well, how about a 30 min?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Alexoc on January 29, 2014, 05:42:20 PM
Can you please add to the personal stats something like this?

"Last update XX:XX (X minutes ago)"


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 29, 2014, 06:11:35 PM
Can you please add to the personal stats something like this?

"Last update XX:XX (X minutes ago)"

Agreed, even if not half hour updates, at least we should know when it updated.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 29, 2014, 06:13:36 PM
OK, well, how about a 30 min?

I'll add last 10 or 15 minute hashrate report soon.

Can you please add to the personal stats something like this?

"Last update XX:XX (X minutes ago)"

Yes, I have this on my todo list.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on January 29, 2014, 06:24:27 PM
OK, well, how about a 30 min?

I'll add last 10 or 15 minute hashrate report soon.

Can you please add to the personal stats something like this?

"Last update XX:XX (X minutes ago)"

Yes, I have this on my todo list.

Thanks terk. You are an awesome Pool Admin.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Symon on January 29, 2014, 11:07:09 PM
I'm mining now on the pool but the stats doesnt update. Normal ?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on January 29, 2014, 11:52:01 PM
I'm mining now on the pool but the stats doesnt update. Normal ?

They update every hour.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: bmoconno on February 02, 2014, 05:12:59 PM
Did this ever go public?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on February 02, 2014, 05:34:47 PM
Did this ever go public?

Not yet. Will in the near future.

Terk, why are there hours with 0% LTC profitability?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on February 02, 2014, 07:21:42 PM
Terk, why are there hours with 0% LTC profitability?

There was a major blockchain fork of one of coins and we ended on the wrong side of the fork this time, so our blocks became orphaned. Situations like this happen sometimes and are calculated into profitability algorithm.

While we lost some of our hashing time yesterday, we still had a pretty good daily result.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on February 03, 2014, 07:47:42 AM
I suppose the pool is now almost ready to launch? Should we switch to the new address? And why do I see new users joining?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Symon on February 04, 2014, 08:48:36 AM
I have almost 12% of rejected from EU :(


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on February 04, 2014, 08:55:20 AM
I have almost 12% of rejected from EU :(

This is because we've been mining some very fast coin during the last hour with new blocks coming every 1-5 seconds.

Don't worry with the rejects, we only mine such coins if it's profitable. For example: If you mine 200% profitable coin with 10% rejects you still have 0.9*200% = 180%. If you mine 150% profitable coin with 2% rejects you have 0.98*150% = 147%. What would you choose?


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Symon on February 04, 2014, 01:08:56 PM
Ok, nice to know !

Thanks ;)


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on February 04, 2014, 02:37:16 PM
I finally launched the pool to the public! www.CleverMining.com (http://www.clevermining.com/) and I invite everyone who has been waiting to join! I'm sorry it took so long.

To all my beta users:

1. Thank you very much again for your trust and for joining the beta!

2. Please change your miners to connect to us.clevermining.com instead of IP address. This isn't urgent, because IP remained the same, but I don't guarantee that it won't change in future, so it's better to change.

3. Please tell all your mining friends about the pool and help spreading the word.

4. If you're happy with the pool, please go to the new thread and leave a feedback, share your experiences with the pool: https://bitcointalk.org/index.php?topic=448649 (https://bitcointalk.org/index.php?topic=448649) - I'd really appreciate!

Thank you!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Pt0x on February 04, 2014, 02:44:03 PM
I finally launched the pool to the public! www.CleverMining.com (http://www.clevermining.com/) and I invite everyone who has been waiting to join! I'm sorry it took so long.

To all my beta users:

1. Thank you very much again for your trust and for joining the beta!

2. Please change your miners to connect to us.clevermining.com instead of IP address. This isn't urgent, because IP remained the same, but I don't guarantee that it won't change in future, so it's better to change.

3. Please tell all your mining friends about the pool and help spreading the word.

4. If you're happy with the pool, please go to the new thread and leave a feedback, share your experiences with the pool: https://bitcointalk.org/index.php?topic=448649 (https://bitcointalk.org/index.php?topic=448649) - I'd really appreciate!

Thank you!

Great News!!! Congrats!!!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on February 04, 2014, 04:40:40 PM
I finally launched the pool to the public! www.CleverMining.com (http://www.clevermining.com/) and I invite everyone who has been waiting to join! I'm sorry it took so long.

To all my beta users:

1. Thank you very much again for your trust and for joining the beta!

2. Please change your miners to connect to us.clevermining.com instead of IP address. This isn't urgent, because IP remained the same, but I don't guarantee that it won't change in future, so it's better to change.

3. Please tell all your mining friends about the pool and help spreading the word.

4. If you're happy with the pool, please go to the new thread and leave a feedback, share your experiences with the pool: https://bitcointalk.org/index.php?topic=448649 (https://bitcointalk.org/index.php?topic=448649) - I'd really appreciate!

Thank you!

Great News!!! Congrats!!!

This pool is awesome!


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: turkandjaydee on February 04, 2014, 07:07:02 PM
Just a suggestion :
when the miner connected at least its not "User not found",  but something like "connected but no stats yet".

lol. sorry. wrong thread but same topic :D
apologize


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: byt411 on February 04, 2014, 07:09:31 PM
Just a suggestion :
when the miner connected at least its not "User not found",  but something like "connected but no stats yet".

The stats are based on accepted shares, so if no shares are accepted yet, it cannot detect a connection.


Title: Re: [WTB] Scrypt hashing power, paying 120% of LTC profitability
Post by: Terk on February 04, 2014, 07:39:42 PM
Just a suggestion :
when the miner connected at least its not "User not found",  but something like "connected but no stats yet".

lol. sorry. wrong thread but same topic :D
apologize

It's a good idea. I've put in in my ideas/todos list to don't forget it. It's low priority though as I have lot of more urgent todos. Thanks!