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

[blinkxzero]

How's clevermining doing lately?

[1714868587]

1714868587

[Adibandi]

Hello, i have bitcoin wallet 0.8.6 , and on the website it shows that i was payed 0,0109 btc , i have over 100 confirmations on the blockchain but nithing in my wallet. Do i need to upgrade it to bitcoin core? Or version 0.9 or what is going on?



Address is 1HxQbgxcfeADoF8ma6eZ9XHrf9MLTDdVk2

Txid. fe109a8673ebb8eae7ac46d93cd1ccff52889b0565be2a8a2ee3c9c958ba87dd

Why i dont see my payment in the wallet ?

[VirosaGITS]

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.

baddoge -- That's overly simplified. There are lots of reasons to mine that are not about making money today. Two big ones are speculation of future value, and just plain fun.

Let say that for the next week, it cost 50% more electricity $ than the value of the LTC we gain. Doing this is undeniably a waste of money. Instead of mining that week, you could turn off your miner and buy 150% the LTC or whatever directly. You'll still end with said LTCs but you will not have paid 150% for whatever amount you end up with.

[kalus]

How's clevermining doing lately?

profitability is up in the past 24 hours.  was 104%LTC, now is 135%LTC

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



props to suchmoon

[tjompen]

Hi! Report from a newbie!

I have tested mining with Clevermining, using Bticoin3/Linux, But, I dont understan how this autopayment works.

I haven't seen any BTC yet....should I do something to get it? *Sorry for my por, old school english.*

(I filled in the mining cfg wrong twice.

usernames
1:) TJOMPEN_THE_BLONDE_BITCH (well I was bored at the time..)
2:) TJOMPEN
3:) 12oTt6Gx5gQd56RMj8mnXWx1DSStVSfrKo

[UdjinM6]

Hi! Report from a newbie!

I have tested mining with Clevermining, using Bticoin3/Linux, But, I dont understan how this autopayment works.

I haven't seen any BTC yet....should I do something to get it? *Sorry for my por, old school english.*

(I filled in the mining cfg wrong twice.

usernames
1:) TJOMPEN_THE_BLONDE_BITCH (well I was bored at the time..)
2:) TJOMPEN
3:) 12oTt6Gx5gQd56RMj8mnXWx1DSStVSfrKo

http://clevermining.com/start

Your username is your Bitcoin address. That's how we know where to send your profits. Payouts are daily and automated for all earned balances of 0.01 BTC and above (0.001 BTC for Sunday payment). Stats for all users are publicly available for transparency.

http://clevermining.com/users/12oTt6Gx5gQd56RMj8mnXWx1DSStVSfrKo

Ready For Payout   0.00116070 BTC

So mine more or wait for Sunday 

[Gentso1]

When I compare the number listed under "the last 24hr's profit" to the most recent payout why don't the number's match?

[Xenocyde]

When I compare the number listed under "the last 24hr's profit" to the most recent payout why don't the number's match?

Why would they match? I myself get 0.007 BTC for last 24h and around 0.012 BTC for every payout, because the pool pays in excess of 0.01 BTC each day.

[Terk]

When I compare the number listed under "the last 24hr's profit" to the most recent payout why don't the number's match?

Because you are paid in BTC and we mine different coins which need to be exchanged into BTC first. Last 24h profits is your share of what the pool mined in these 24 hours. Payouts are sending you already exchanged BTC. Coins mined in day X are paid mostly in days X+1 and X+2 and them some much lower amounts in later days depending on how quick is the coin to mature and exchange.

[Vasilis]

WTF?
http://i.piccy.info/i9/037b0d76c58b905f5bea35a1477ea82c/1396621522/10598/720548/WTF_240.jpghttp://i.piccy.info/a3/2014-04-04-14-25/i9-6184139/240x122-r/i.gif

[Gentso1]

When I compare the number listed under "the last 24hr's profit" to the most recent payout why don't the number's match?

Because you are paid in BTC and we mine different coins which need to be exchanged into BTC first. Last 24h profits is your share of what the pool mined in these 24 hours. Payouts are sending you already exchanged BTC. Coins mined in day X are paid mostly in days X+1 and X+2 and them some much lower amounts in later days depending on how quick is the coin to mature and exchange.

So basically it is the difference in the fluctuation of the prices of the coins from the time they are mined until the time they mature and are payed out that causes the difference in numbers?

[ghur]

When I compare the number listed under "the last 24hr's profit" to the most recent payout why don't the number's match?

Not everyone gets paid every day.
It needs to hit a certain threshold before people are paid out.
This also means the amount paid out might be the combination of 1 day of mining for some or a week of mining for others.

[Gentso1]

When I compare the number listed under "the last 24hr's profit" to the most recent payout why don't the number's match?

Not everyone gets paid every day.
It needs to hit a certain threshold before people are paid out.
This also means the amount paid out might be the combination of 1 day of mining for some or a week of mining for others.

I understand the threshold limit and I meet it daily. Thanks though

[Terk]

WTF?

This is a known bug. Per-GPU numbers are valid. The top line is inflated because of “rejected untracked stratum share” messages which are not actually rejects. cgminer interprets some messages as rejected shares but it cannot match it to any job which GPU was working on (because these are not reject messages), so it doesn't increase per-GPU counter, but it increase global counter. The global counter is wrong.

[Terk]

When I compare the number listed under "the last 24hr's profit" to the most recent payout why don't the number's match?

Because you are paid in BTC and we mine different coins which need to be exchanged into BTC first. Last 24h profits is your share of what the pool mined in these 24 hours. Payouts are sending you already exchanged BTC. Coins mined in day X are paid mostly in days X+1 and X+2 and them some much lower amounts in later days depending on how quick is the coin to mature and exchange.

So basically it is the difference in the fluctuation of the prices of the coins from the time they are mined until the time they mature and are payed out that causes the difference in numbers?

No, it's not this (this affects the numbers as well, but only slightly)

Here's a very simple example:

Let's say we mined only two blocks in the day and your share is 1.00 XXX which is worth 0.1 BTC and 1.00 YYY which is worth 0.05 BTC (XXX and YYY are some coin symbols). So your profit for the day was 0.15 BTC.

XXX was mined early in the day so it was exchanged in the same day to 0.1 BTC. But YYY was mined at 8pm. It takes 3 hours to mature on average so it's 11pm when it's matured and we can send it to exchanges. It's midnight when it arrives at exchange. It's auto exchanged couple of minutes later. Then it's withdrawn from exchanges couple of hours later and finally arrives back at the pool at 4am in the morning.

In the meantime there's a payout at 1:30am in the morning. At this moment you have 0.1 BTC exchanged (coming from 1 XXX) and you have 1 YYY still unexchanged, which is worth 0.05 BTC estimated. So you are paid 0.1 BTC because the other 0.05 BTC is still not exchanged into BTC.

You're paid the remaining 0.05 BTC one day after when the next payouts run.

So your profits for day X were 0.15 BTC, of which 0.1 BTC was paid in day X+1 just after midnight and 0.05 BTC was paid in day X+2.

If you were mining in day X+1 as well, then payout on X+2 will also contain most of your profits from X+1 (and the remaining of profits from X).

I hope it helps.

[Gentso1]

When I compare the number listed under "the last 24hr's profit" to the most recent payout why don't the number's match?

Because you are paid in BTC and we mine different coins which need to be exchanged into BTC first. Last 24h profits is your share of what the pool mined in these 24 hours. Payouts are sending you already exchanged BTC. Coins mined in day X are paid mostly in days X+1 and X+2 and them some much lower amounts in later days depending on how quick is the coin to mature and exchange.

So basically it is the difference in the fluctuation of the prices of the coins from the time they are mined until the time they mature and are payed out that causes the difference in numbers?

No, it's not this (this affects the numbers as well, but only slightly)

Here's a very simple example:

Let's say we mined only two blocks in the day and your share is 1.00 XXX which is worth 0.1 BTC and 1.00 YYY which is worth 0.05 BTC (XXX and YYY are some coin symbols). So your profit for the day was 0.15 BTC.

XXX was mined early in the day so it was exchanged in the same day to 0.1 BTC. But YYY was mined at 8pm. It takes 3 hours to mature on average so it's 11pm when it's matured and we can send it to exchanges. It's midnight when it arrives at exchange. It's auto exchanged couple of minutes later. Then it's withdrawn from exchanges couple of hours later and finally arrives back at the pool at 4am in the morning.

In the meantime there's a payout at 1:30am in the morning. At this moment you have 0.1 BTC exchanged (coming from 1 XXX) and you have 1 YYY still unexchanged, which is worth 0.05 BTC estimated. So you are paid 0.1 BTC because the other 0.05 BTC is still not exchanged into BTC.

You're paid the remaining 0.05 BTC one day after when the next payouts run.

So your profits for day X were 0.15 BTC, of which 0.1 BTC was paid in day X+1 just after midnight and 0.05 BTC was paid in day X+2.

If you were mining in day X+1 as well, then payout on X+2 will also contain most of your profits from X+1 (and the remaining of profits from X).

I hope it helps.

Perfect.....I understand completely now. Thanks for taking the time to explain.

[avdp]

hello,

i mined for 20 days now en got 0.07277312 BTC at total profits.
but i don't have any payment yet.
did i do somthing wrong?
the btc adress is excactly the same as in my wallet.
my btc adress is: 12dRKUnFgTrTDjFXMsusvLsB6jKiBt2mKW

hope someone can help me.

avdp

[khaosnmt]

Any idea if/when Vardiff will be turned back on?

[Don007]

Are you sure your wallet is up to date? If you use that BTC address for mining, it should be fine.. Are you sure you use the same address as your BTC address?

Otherwise you'll have to wait untill someone of Clevermining.com response.

[byt411]

Any idea if/when Vardiff will be turned back on?

Terk is making his own stratum, and he said that it should be back on before end of April.