[WTB] Scrypt hashing power, paying 120% of LTC profitability

[Terk]

This was a beta thread for closed beta tests of 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 or to the current thread.

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)

[jdebunt]

I have 630khash/second i can point towards your pool. Can start right now if you want.

[Terk]

Great. I just sent you access details over PM.

[Blazed]

I am willing to try it.

[Caiapfas]

I get 140 kh/s with my baby rig and willing to point it to you. how much per day would i make?

[Blazed]

How much hashing power you after??  I can point 75MH your way anytime you are ready.

[jdebunt]

Great. I just sent you access details over PM.

Mining has begun

[Terk]

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!

[Terk]

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!

[Terk]

Payouts for 2014-01-02 (UTC) sent:

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

Still need more hashpower.

[syphen]

I have 500 khash I can start right now

[A1ty]

I have about 75 khashs, send me a PM if you'd like.

[shacky]

Hi,

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

Thanks

[Caiapfas]

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?

[Terk]

Sent new access details.

[leancuisine]

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).

[Terk]

Payouts for 2014-01-03 (UTC) sent:

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

[fotoskyen_dk]

2250 KH/s if you'd like it send PM....

[EZ Hashing]

I have 2850 KH/s, please PM. thanks.

[Terk]

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).