[ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com

[BombaUcigasa]

It's time to realize the scrypt coin-switching bubble is bursting.

It has been a fun ride, but all these bitcoins need to come from somewhere.
"Investors" are eventually going to give up on gambling on crapcoins.

With the size of all multipools today, there simply is too much sell pressure for all these coins.

And finally, with ASIC farms starting to take shape, GPUs will soon consume too much electricity to be profitable.

What will happen next?!

Stay tuned, for another episode of Dragon Ball Z!

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[Shastada]

It's time to realize the scrypt coin-switching bubble is bursting.

It has been a fun ride, but all these bitcoins need to come from somewhere.
"Investors" are eventually going to give up on gambling on crapcoins.

With the size of all multipools today, there simply is too much sell pressure for all these coins.

And finally, with ASIC farms starting to take shape, GPUs will soon consume too much electricity to be profitable.

What will happen next?!

Stay tuned, for another episode of Dragon Ball Z!

Vertcoin is taking off, due mostly to its asic-resistant algo. Anyway we can get a pool made that mines Vert and pays in BTC? Work on that Terk! You could corner the market if you're the first out with that.

[Sk1llS]

Vertcoin is taking off, due mostly to its asic-resistant algo. Anyway we can get a pool made that mines Vert and pays in BTC? Work on that Terk! You could corner the market if you're the first out with that.

For a multipool, because Vertcoin halves your hashrate, if you calculate BTC per Mh/s, it's still better to mine other altcoins and dump them. Vertcoin is about 0.08 BTC per Mh/s (halving your hashrate). Multipools are 0.05-0.08 BTC per Mh/s.
If you wanting to speculate that Vertcoin's value will go up, then you will need to join a dedicated pool and not convert to BTC like multipools do.

Well that's my guess and shitty calculations.

[Kalizar]

Vertcoin is taking off, due mostly to its asic-resistant algo. Anyway we can get a pool made that mines Vert and pays in BTC? Work on that Terk! You could corner the market if you're the first out with that.

For a multipool, because Vertcoin halves your hashrate, if you calculate BTC per Mh/s, it's still better to mine other altcoins and dump them. Vertcoin is about 0.08 BTC per Mh/s (halving your hashrate). Multipools are 0.05-0.08 BTC per Mh/s.
If you wanting to speculate that Vertcoin's value will go up, then you will need to join a dedicated pool and not convert to BTC like multipools do.

Well that's my guess and shitty calculations.

Everyone everyone's hash rate is effectively halved using Vert's Scrypt-N(N11) compared to normal Scrypt(N10). Sooo why would that effect profits?

[Shastada]

Vertcoin is taking off, due mostly to its asic-resistant algo. Anyway we can get a pool made that mines Vert and pays in BTC? Work on that Terk! You could corner the market if you're the first out with that.

For a multipool, because Vertcoin halves your hashrate, if you calculate BTC per Mh/s, it's still better to mine other altcoins and dump them. Vertcoin is about 0.08 BTC per Mh/s (halving your hashrate). Multipools are 0.05-0.08 BTC per Mh/s.
If you wanting to speculate that Vertcoin's value will go up, then you will need to join a dedicated pool and not convert to BTC like multipools do.

Well that's my guess and shitty calculations.

https://bitcointalk.org/index.php?topic=514242.0

This guy is 'normalizing' the hash rate and its mining at a much better rate than any multipool right now. If you're talking 20% better returns thats pretty significant. But I like the multipools because I want to be paid in BTC and not Vertcoin. So the first pool that comes out that autotrades Vert to BTC is going to see a lot of migration I think. As a multipool operator it would be in Terk's best interest to be first with this rather than wait for others and lose his cut.

[VirosaGITS]

Can clevermining use algo like Keccak and others and look at whatmine.com for the switch?

Heh. No. Definitively, obviously not.

Check yourself. Put 25ghs in the scrypt field, "25000000". Look at the volume (coin / day column) that would be mined if we slapped 25ghs on it and then look on the volume column. You'll see that if we mine it for even few minutes we'll destroy 99% of these coins.

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

Here here!  I will hash to that!

Hey Terk...can we take one day a week to bury bullshit coins?  I am pretty sure the market as a whole would thrive, increasing profits for the other 6 days! Do it for the profits! 

At our Ghash/s it would not take that long. But either way, its not possible. We're running Scrypt, alot of those coins arent Scrypt.

[MrGrave]

New to this pool, left WPool cause of hijacking issues and low production numbers.  Using Cgminer with 1Mh/s been mining for just over 23 hours, miner stopped and reconnected to I.P. 190.97.165.179:3333 at 1024 worksize.  Can someone please lend some insight?  Is this normal behavior?

All info is appreciated but not overly computer literate and after reading the last 200 posts, you may need to dumb it down a few levels.(You know whom you are.)

Thanks

[neogen]

New to this pool, left WPool cause of hijacking issues and low production numbers.  Using Cgminer with 1Mh/s been mining for just over 23 hours, miner stopped and reconnected to I.P. 190.97.165.179:3333 at 1024 worksize.  Can someone please lend some insight?  Is this normal behavior?

All info is appreciated but not overly computer literate and after reading the last 200 posts, you may need to dumb it down a few levels.(You know whom you are.)

Thanks

I've notice the same thing happening to me as well over the last 2 days. I've send Terk a PM regarding this, waiting for his respond. In the meantime I'm going to switch pool until Terk respond and that this is normal.

[lsvpa]

I noticed it too - all my miners got hijacked and redirected to 190.97.165.179.

I checked cgminer pool settings, and it listed my clevermining pool as alive.

I thought, perhaps just a glitch or something, surely 190.97.165.179 must belong to clevermining.

Who knows, maybe it does. All the whois info reveals servers in panama, registrant in belize and person living in moscow, with fake phone numbers etc.

These were on miners that were still set to us.clevermining ... so maybe that got hijacked. I manually set them to ny / sf and things appear to be ok for now.

[neogen]

I noticed it too - all my miners got hijacked and redirected to 190.97.165.179.

I checked cgminer pool settings, and it listed my clevermining pool as alive.

I thought, perhaps just a glitch or something, surely 190.97.165.179 must belong to clevermining.

Who knows, maybe it does. All the whois info reveals servers in panama, registrant in belize and person living in moscow, with fake phone numbers etc.

These were on miners that were still set to us.clevermining ... so maybe that got hijacked. I manually set them to ny / sf and things appear to be ok for now.

I am currently on ny server, its same thing so I'm switching to my old pool for now.

[neogen]

Here is the whois for clevermining: http://www.whois.com/whois/clevermining.com

vs

the odd ip also from panama: http://www.whois.com/whois/190.97.165.179

two very different ip record information

[lsvpa]

This is what's on 190.97.165.197:3333

http://pastebin.com/VRqgpDey

It autoupdates and adds new entries every so often. Seem to me that it's some sort of config that is redirecting the miners.

[MinerP]

ya what the f is goin on?? 9Mh missing for 4-5hours... some of my rigs were pointed to 190.97.165.179. ... restarted cgminer now hashing in sf and rate is going up..

[neogen]

This is what's on 190.97.165.197:3333

http://pastebin.com/VRqgpDey

It autoupdates and adds new entries every so often. Seem to me that it's some sort of config that is redirecting the miners.

would this be a compromise on the server or on the mining pc?

[lsvpa]

This is what's on 190.97.165.197:3333

http://pastebin.com/VRqgpDey

It autoupdates and adds new entries every so often. Seem to me that it's some sort of config that is redirecting the miners.

would this be a compromise on the server or on the mining pc?

I would say it's not on the mining pc ... I run both bamt and win7 mining rigs, and all switched at the same time.

[jedimstr]

Waffle and Multipool have also been hit with what looks like a MITM (Man In The Middle) attack that's been hijacking miners by redirects.  People are talking about it on multiple threads on the forum and on IRC.

[Slipknot79]

Hijacking is a good idea to lower global hasrates and make GPU mining more profitable. 

[notbatman]

I'm on multipool.us and I just lost 4 hours after all 3 of my miners got hijacked and redirected to 190.97.165.179 

[Terk]

I was told about this hijacking issue at Wafflepool and Multipool yesterday. Today couple of users at CleverMining report something similar. Most likely it's a result of some malicious software which you downloaded and/or use, but I'm also investigating other possibilities.

190.97.165.179 doesn't belong to CleverMining and is unaffiliated with CleverMining. If you see that your miners are connecting to this address, then you've been attacked and your mining profits are taken by someone else - basically you are mining at a malicious pool. If your stats on the CM website shows zero hashrate but your miners are running, check where they are mining at.

So far I counted four CleverMining users reporting this.

Other pool admins contacted me yesterday with this issue and I've been helping brainstorming source of this attack.

It doesn't look like an attack on CleverMining. Everything seems alright on my side and reports of miners hijacked are from only couple users. More users affected are at other pools. From what I know about the attack, it is targeting users, not the pools. Based on number affected users of different pools, I think it might be targeted at users of a specific pool (other than CleverMining, but they are mining here as well or switched here) or users of some other mining-related community (thread/subreddit), especially switch-mining community.

If you are affected, please think of any 3rd party software which you use and which you got from any mining pool thread or any other mining-related website. I am talking some tweaked miner software that someone shared in the mining-related place (tweaked cgminer/sgminer/BAMT/etc). Or some fancy monitoring tool to show you your miner stats. Or any 3rd party apps showing your stats at some pool. I am talking both downloadable/installed apps and webpages related to mining which you frequently visit.

If you are affected, please let me know about any such 3rd party software that you use. This might help finding a common denominator for all affected users and find the source of the attack.

[minedout]

Anyone hijacked WITHOUT using CGwatcher or CGremote?