Ya too bad, better luck next time tho.

http://www.clevermining.com/about

If he doesn't see this you should send a PM to terk, he's pretty good about fixing this but it might take a few days.

Here here.  It's time to cull the herd.  I say multi-pools team up to crush all the crap coins.  Consolidate crypto a bit, will help level things out across the market.   Let the strong survive.  If your coin has a decent following and the hash behind it, it will weather the storm.  All the other ScamyMcCryptocoins deserve to go away tho.

What ever came of the re-direct thing from the last few days?  I wasn't affected, but it was interesting to read about...

It must be said though, this isn't completely true.     Look back almost exactly 1 year.   ASICs were just hitting the BTC world, and everyone claimed the same scenario.   Lots of people closed out their GPU rigs and sold them, but the market didn't "flood".

Also you need to factor in resale because it's legit in recouping costs.   I bought 25 of the little 1st gen 333Mh USB miners in late Aug for about $13-$15 each.  They happily mined away making me (some) BTC through the spike in Dec, when I sold them for $45-$55 each.  
Made a profit and they made me money from mining.   Even if I had waited, and held them until now I could fetch around $13 each still.


I've got cards that have been mining hard for over a year, they are starting to show their age.  I sell them on eBay, saying I mined on them, and people are still willing to pay 75-90% of what I paid.  Each 7950 I sell fetches around $350 on eBay and has easily made me $1,000 in mining profit over the last 18 months.

Actually, maybe that would be a good thing..  Cull the herd so to speak....

Any updates on the US west and Asia servers?

I can't speak for BTC but it does have some form of Vardiff on the LTC pool.  When I boot a 1.2MH rig onto the pool it starts at 16 but settles at 64 after a few min.


/edit   Or were you referring to the leased mining option?

That's a great question and a topic that really hasn't been discussed in this thread at all.    Perhaps you should read through this thread, starting at around page 100, you might get some hints.....

Woah woah!  Slow down there!  That was a lot of content for one post.  Perhaps next time you could split that up into 5 or 6 posts like you usually do.

I find it hilarious that Elasticband has over 300 posts.  90% of them are back to back one line replies in this thread.

No.  The pool operator has stated many times that he will not list this.  http://www.clevermining.com/faq

You are assuming a 100% strike rate on finding blocks for LTC.   Just like any coin, there can be long periods without finding a block (and vise-versa)...  While mining LTC, even with all this hash power, we may not have found many blocks.  It's luck.

Have you not been been reading the last few pages of this thread from today?  It's clear where everyone is going (and going to be for 6 more days)....

Also what's up with the USA Oregon server load?  Super low..... (And NY way up).


/Edit  After reading your post history you clearly are aware of what's up... You just were posting a troll post...  Well played.

No you just typed in your address wrong. There's probably a capitol letter where there shouldn't be or something.  If you read through....Really any random page in this thread someone complains about what you are complaining about, then someone corrects them, then Terk shows up and says "send me a PM and I'll fix your mis-typed address when I get a chance".

Congrats.  You're that guy for Page 120.

The market will always exist, I just suspect newer coins will flame out faster, and they won't last.   This time next year there will only be a handful remaining from now, and all new ones will be based on different algorithms as multi-pool will kill script coins. (as the alt-SHA market is nearly dead thanks to ASICS).

I think what we are kind of getting at is that crap coins are in a slow decline, (the market was just flooded for the last 6-7 months) and people are starting to wake up and realize this.  Hence there isn't as much demand for them anymore as the the whole crypto market is cooling.   It's no big deal really, we've seen this before, but it's happening.  Take last year.  Big run up starting around now, culminating with BTC topping out at the insane $200+ level for a few days.  People went crazy, and then it burst, and settled down around around 50% of it's peak ($100-$150) for awhile.  It SLOOOOOOOOWLY crawled up until late Sept-early Oct and then bubble 2 started (at least, bubble 2 of 2013).  Blew up, popped, and settled in around 50% of what it peaked at again, this time to around $550-$650.  The second bubble really was in the media, and people hopped on in droves to get in on this Alt coin bandwagon, hoping for the next BTC.  It's been about 3-4 months, no one is getting rich, people who aren't really "in it" are backing out.  There is consolidation in the market on the coins that actually hold promise.  Like it or not, Multi-pool mining is helping this consolidation, by killing off the coins no one really wants.  The only value in 90% of the crap coins created is false hope, pumped by speculators looking to take advantage of idiots.

The less idiots out there, the less value in crap coins.  Less value in crap, less point in multi-mining.

BTC Bubble spring 2013  -> Value up times ten, settles at around 50% of max.   Bubble late 2013, Value up times ten of previous bubble "settle price", but bubble pops again and settles at 50% of the max, ($1,250 down to around $650.)

Based on unscientific math and speculation using the previous bubbles as trends: The next bubble will be in Aug-sept.  BTC will top out between $5,000-$7,000 but will fall down to around $2,500-$3,000 and settle there until the next bubble around 9 months later.  Rinse, repeat. (hopefully).

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

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

It's a lot easier when you get one payout a day in my opinion.  I'm not pulling in dozens of BTC a day though.  5 x .01 daily payments or a single .05 one.... I'd prefer the .05.   Lowers transaction fees later when you try to move coins around.