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I received my Antminer s1 and it seems to be hashing fine. However the two green lights on the control board (not the blades) dont seem to work. The green lights on the blades and the red light on the control board seem to be working fine. Any ideas? Thanks so much for your help!
I know there are settings to change the LED config but they are identical to the setting on the S1s whose lights are functioning properly.
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Just a general question.... Is everyone currently mining here on ASICs? Or are there still some die-hard GPU hold outs?  |
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The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most. Its been a fun ride everyone. The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly. ASIC are here and are only going to get cheaper and more powerful.
However, the depressed BTC is actually a good thing. There is much profit to be made by selling hardware and buying cheap BTC
Dude, plagiarized my previous post...wtf? |
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Clevermining looks great, but the one thing that keeps me from using it is that I can't look at my workers individually.
Sure you can, just use different BTC addresses for each miner. Pretty obvious... |
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The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most. Its been a fun ride everyone. The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly. ASIC are here and are only going to get cheaper and more powerful.
However, the depressed BTC is actually a good thing. There is much profit to be made by selling hardware and buying cheap BTC
US is quite large and power costs range from 0.08 to 0.30 USD per kWh. I'm sure there are plenty of places where GPU mining is still profitable. Having said that I switched to X11 not because of energy costs but because of heat. It was either that or to invest into cooling, which is ultimately pointless waste. Sure, just not places where people live. |
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The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most. Its been a fun ride everyone. The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly. ASIC are here and are only going to get cheaper and more powerful.
However, the depressed BTC is actually a good thing. There is much profit to be made by selling hardware and buying cheap BTC
So...? Switch to other coin algorithms. That's a huge advantage for GPUs. Exactly what I wanted to say. Let's not just jump to conclusions. We have to see how the X11 and Groestl, Scrypt-N and other new algorithms that may come pan out. What jpchrist may be suggesting is that Terk should jump to new algorithms and forget about the ASIC-invaded scrypt. My suggestion is Terk should try an X11 multipool, since there are around 3 relevant X11 coins now. X11 is certainly interesting and slightly more profitable than scypt (ATM) for GPU miners but I think the best investment right now is selling the hardware and buying cheap BTC. That is to say, I think putting money into BTC directly will ultimately be more profitable than mining X11, or scrypt with ASICs or GPUs. I just worry about the long term viability of X11, once the asics are online the GPU mining community will represent a very small percentage of the total hashrate. |
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The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most. Its been a fun ride everyone. The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly. ASIC are here and are only going to get cheaper and more powerful.
However, the depressed BTC is actually a good thing. There is much profit to be made by selling hardware and buying cheap BTC
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Turk thank you very much for clarifying this ,
Hey guys lets design something so that we have 4-5 Multipool switcher with MH > BTC ratio showing on each site..... and what this software does is check the % 1MH to BTC and once something below and for a certain poreiod of time it swtiches to the next pool failover style so it keep checking back evry 5 minutes to check how the pofits are going to swtcih back,,, My favourite pool is clevermining so I would like to keep returfning back automatically once profts are back up ok then Once we see this drop there is an automatic script that switch to the next multipool
This doesn't make sense and won't do you any good, because it's not how variance works. This is how variance works:  This is us not finding even one LTC block during 12 hours (while putting ~50% of our hashrate into LTC) and then finding 6 blocks in 4 hours. If you have switched away from CleverMining after worse hours, you would miss better hours and in the end your profits would suffer. Switching between pools after some worse periods results in mining during worse periods but most likely missing better periods (on every pool between which you switch). Your profits would be lower. The best you can do is pick a pool which you like and which have good results in the long term average and stick to it. "Switching between pools after some worse periods results in mining during worse periods but most likely missing better periods" Sorry Terk, youre an awesome dude but that is simply not true. Its just luck. 12 hours of unlucky mining doesnt mean things will likely turn around or visa versa. Google "gamblers fallacy". |
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Yes, when there'll be enough relevant X11 and Groestl coins, Terk should make the necessary adjustments to mine only those.
Good idea! Hey Terk, could you just change the algorithm so we can just start mining real gold. Seems easy enough! |
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I see, thanks for the update, Terk  Although, Doge and AsiaCoin are still more profitable than LTC. Why are you saying LTC is more profitable? I also heard that BluCoin could get a boost these days. I really dont get it! If bitcoin is worth more (in USD)than LTC why dont we just mine bitcoin. Clearly terk doesnt know what he's doing. |
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So my miner was running pretty good at around 5.5MH/s earlier yesterday but I restarded it and now its running around 4.7 MH/s. Why is that? Nothing is wrong with the miner thats for sure. I'm using BFG miner and these are my settings.
Bfgminer -S gridseed:all --set-device gridseed:clock=850 --scrypt -o stratum.fast-pool.com:3002 -u name.2 -p x
may be you should read this http://helixminers.com/case-gridseed-blade-dont-sell/personal attacks against a business competitor = obviously true |
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Thanks Terk, I've been with you since the beta but cant stick around any longer after the abysmal recent performance. Best of luck to you, thanks for being such a thoughtful pool operator.
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We had some very bad luck with LTC mining today - we found only 70% of number of blocks which we expected to find based on amount of hashrate pointed at LTC. With lower hashrate today than in recent days, variance has more impact. As it always is with variance, our luck will change and we will probably get more than average luck very soon.
Also, I am working today on some changes allowing us for smarter splitting of hashrate, so that we will go back to mining some very small coins which we stopped mining few weeks ago. These small coins were totally unprofitable during this time, but some of them started to be profitable in recent days so it's worth to include them again - we just need to be very careful with amount of hashpower sent their way as they can't handle much. With improved hashrate splitting algorithm which will go live tonight, we will be able to do this and it will boost our profitability a bit. I'm testing it on a dev server and will deploy it to production tonight.
If you guys believe that, I have a bridge for sale. Will accept cash or bitcoin. And what happened last week when WP did this? ?? Apr 04, 2014 51.36639942 14.70 GH/s 0.00349549 81% Go away TwatTroll Haha what?!? |
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We had some very bad luck with LTC mining today - we found only 70% of number of blocks which we expected to find based on amount of hashrate pointed at LTC. With lower hashrate today than in recent days, variance has more impact. As it always is with variance, our luck will change and we will probably get more than average luck very soon.
Also, I am working today on some changes allowing us for smarter splitting of hashrate, so that we will go back to mining some very small coins which we stopped mining few weeks ago. These small coins were totally unprofitable during this time, but some of them started to be profitable in recent days so it's worth to include them again - we just need to be very careful with amount of hashpower sent their way as they can't handle much. With improved hashrate splitting algorithm which will go live tonight, we will be able to do this and it will boost our profitability a bit. I'm testing it on a dev server and will deploy it to production tonight.
If you guys believe that, I have a bridge for sale. Will accept cash or bitcoin. |
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Partial results are pretty useless. Poolpicker reports CleverMining as second most profitable pool for the last 24 h, difference between first pool being very small.
I hope you realize the irony of your statement  |
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Why so low Profitability the last days?
Time to add some new coins to the pool maybe?
I'm making more BTC mining DOGE directly now.
>90% of the time this pool just switches between LTC and DOGE |
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Open question to the clevermining community....
If a friend (you actually like) came to you saying that wanted to invest $3000 in a mining rig. What would you tell them?
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So Clever only updates and shows your Hash Rate once an hour??? That sucks.....
Any other sites where I can get my Hash Rate more real time?? Or at least updated every 15 min.. 1 hr a little ridiculous..
Pfff, it shows updates every 10 minutes, there's the green graph under the profits chart. Pfffff Some people don't know how to design a UI.. U G L Y.. If you can design a better UI, i think Terk would be gladly to pay you to do so. If you cannot, you have no right to criticize. So shut up. Everyone has the right to criticize! Being rude on the other hand.... |
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Hmm... $1.84 for 1mh on ltc per daily power cost $1.20, pool fee 0.04$ = profit 0.60 cents/day.
Methink some miners better turn off their mining machines.
Had better turn them off? This only makes sense if a) there is no profit (your calculations say there is) and b) you're selling your Crypto to pay for your electricity. Or if you're mining but you're a bear. Let me point out the variable that you seem to have forgotten ; Power cost: It make sense if you're running a 250/mh farm at higher than 0.1 kwh. As stated by some users who have farm, sometimes they pay upward of 0.2kwh. It would cost such user @ 0.2kwh a minimum of 13 000$ for power per month for 14 000$~ worth of LTC. But truth is, such power drain is often considered industrial which crank up the price even more. At the moment there's profit for your average GPU miner who pays 0.1kwh, therefore : Methink some miners better turn off their mining machines.
My power provider charge only 0.051 for electricity, but if i use more than what a regular house would use , the price go up to 0.2 after the first 30kw And if i was using 84kwh, the cost would be 0.36kw after the first 50kw. So would pay easily pay 0.3 even tho small miners here(where i live) normally only pay 0.051. So Again, unless they want to gamble whether the price go back up to 700$+ SOME miner will have to shut down  I few thoughts about mining "profits"... "Mining when not profitable" might be the best investment youve ever made. That is SO INCORRECT! It's not complicated. If the cost of mining is greater than the cost of the coin you are better off buying the coin, otherwise you are overpaying. On this I agree with baddoge, I don't see how it would be profitable to pay more to mine a coin than you could by simply shutting off your miners and buying the coin outright. By my own estimations in the US at 0.12 per KW/h, I am earning roughly $2 for every $1 I spend on electricity when mining here at Clever. Once that dips too much further I am thinking of shutting off some of my miners. I have a mix of GPUs and Gridseeds, so can continue to run the Gridseeds a lot longer and remain profitable. I completely agree! I never claimed that is isnt more profitable to buy the coin outright compared to mining at a certain point. I was merely making the point that mining "at a loss" can still be profitable. |
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Hmm... $1.84 for 1mh on ltc per daily power cost $1.20, pool fee 0.04$ = profit 0.60 cents/day.
Methink some miners better turn off their mining machines.
Had better turn them off? This only makes sense if a) there is no profit (your calculations say there is) and b) you're selling your Crypto to pay for your electricity. Or if you're mining but you're a bear. Let me point out the variable that you seem to have forgotten ; Power cost: It make sense if you're running a 250/mh farm at higher than 0.1 kwh. As stated by some users who have farm, sometimes they pay upward of 0.2kwh. It would cost such user @ 0.2kwh a minimum of 13 000$ for power per month for 14 000$~ worth of LTC. But truth is, such power drain is often considered industrial which crank up the price even more. At the moment there's profit for your average GPU miner who pays 0.1kwh, therefore : Methink some miners better turn off their mining machines.
My power provider charge only 0.051 for electricity, but if i use more than what a regular house would use , the price go up to 0.2 after the first 30kw And if i was using 84kwh, the cost would be 0.36kw after the first 50kw. So would pay easily pay 0.3 even tho small miners here(where i live) normally only pay 0.051. So Again, unless they want to gamble whether the price go back up to 700$+ SOME miner will have to shut down I few thoughts about mining "profits"... First off, unless you are selling each and everything coin you mine on a daily basis there is really no such thing as "profit per day". I do however, understand that most miners use things like mining calculators that into account power consumption and such but here is really the correct way to think about the relationship between mining, power consumption and profit... Your mining rig basically allows you to "purchase" coins at a greatly reduced rate compared to a typical exchange. This purchase of course happens once a month when you pay your power bill. For example lets say you are running a 5 Mhs rig that uses ~2000W. Over the course of the month you might generate about 26 LTC. At $0.10 per KWh your monthly power costs would be around $144. Therefore, you have effectively purchased 26 LTC for $144 or for about $5.54 per litecoin...far cheaper than anywhere else you could get one at the moment. Now lets say 2 months from difficulty rises to 12000 and now youre only mining 13 LTC a month. Your power costs would obviously stay the same @ $144. At this point the "mining calculators" might tell you that you are breaking even (or even losing money) but you are effectively buy 13 LTC for $144 or $11.07 per light coin. So as long as you think the value of the LTC is going to eventually top $11.07 then you are not mining at a loss. My point is this...if you think that LTC is going to crash and be worth far less in the future than it is today then yes pull the plug. The days of quick short term profits and 30 day ROIs are clearly over. If on the other hand you believe that a LTC (or any other crypto) is worth far more than its valued today then dont even think about unplugging that rig. "Mining when not profitable" might be the best investment youve ever made. |
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