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

[patlaka2000]

I think scrypt mining is only worth it to mine with asic miners at the moment. GPU mining of scrypt is too ineffective. So the only thing for GPU mining right now is X11 algo. For the next few months the X11 coins will be a lot more than the scrypt ones. So if you have GPUs for mining I suggest mine X11 coins or even Groestl - best hash for power...better even than the X11 algo.

As for the clevermining I had very good time mining here until a month ago. I switched to X11 mining two weeks ago. So if Terk sets up a X11 clever mining I will be happy to mine there.

Happy mining to all.

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[suchmoon]

CCminer is doing x11 very well.

Actually, nvidia is where it's at atm for X11.

Thanks, good to know, I'll give it a try. Does ccminer/cudaminer have an API yet? Older versions I have kicking around here are a pain to manage, I had to come up with some half-assed log parser to monitor them

[Don007]

I think scrypt mining is only worth it to mine with asic miners at the moment. GPU mining of scrypt is too ineffective. So the only thing for GPU mining right now is X11 algo. For the next few months the X11 coins will be a lot more than the scrypt ones. So if you have GPUs for mining I suggest mine X11 coins or even Groestl - best hash for power...better even than the X11 algo.

As for the clevermining I had very good time mining here until a month ago. I switched to X11 mining two weeks ago. So if Terk sets up a X11 clever mining I will be happy to mine there.

Happy mining to all.

I agree with you. I haven't mined a single X11 coin yet, because I burned down my miner (5 weeks ago, and still waiting for the GPU to return..).  But indeed, the ASICs will dominate the Scrypt market now.

A x11 Multipool ( > CleverMining pool) really should be created, because I think it definately has future.

[byt411]

Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.

Some people have access to really cheap or even free electricity.

[Ibistru]

I think scrypt mining is only worth it to mine with asic miners at the moment. GPU mining of scrypt is too ineffective. So the only thing for GPU mining right now is X11 algo. For the next few months the X11 coins will be a lot more than the scrypt ones. So if you have GPUs for mining I suggest mine X11 coins or even Groestl - best hash for power...better even than the X11 algo.

As for the clevermining I had very good time mining here until a month ago. I switched to X11 mining two weeks ago. So if Terk sets up a X11 clever mining I will be happy to mine there.

Happy mining to all.

I agree with you. I haven't mined a single X11 coin yet, because I burned down my miner (5 weeks ago, and still waiting for the GPU to return..).  But indeed, the ASICs will dominate the Scrypt market now.

A x11 Multipool ( > CleverMining pool) really should be created, because I think it definately has future.

The problem is: who is going to buy the X11 coins? I am already surprised there are people buying scrypt coins...

[mstrongbow]

Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.

Some people have access to really cheap or even free electricity.

^^^THIS!

Plus also depends on WHAT GPU you are mining with...not all GPU's are created equal. There are a couple super efficient and effective cards for mining scrypt and I would imagine they could mine x11, groestl etc just as well.

[lixxy]

How come profitabiliy is low right now, isn't Nautiluscoin super profitable to mine right now? Shouldn't Clever be jumping on that before the train leaves?

Of course we're mining NAUT. We've been mining it for the last four days and I believe we've been the first coin-switch pool which added it (i.e. Waffle added it only yesterday). But the case with coins adjusting difficulty every block is that they swing from being very profitable to very unprofitable. We mine them when they're profitable, but most of the time they are not profitable because lower difficulty blocks are mined faster than higher difficulty blocks. Not only because of difficulty, but because all coin-switching pools move away from a coin when it becomes unprofitable and network hashpower drops significantly. The result is that block with 300% profitability is mined within 30 seconds, but block with 50% profitability can wait even 30 minutes to be mined. And our hashpower during these 30 minutes goes somewhere else. The result is that there is only very small percentage of time when such coins are really profitable. And of course we use all this time to mine them, but when their profitability goes below other coins, we switch to other coins.

Yesterday NAUT was the most profitable coin during only 14.2% of the day and we put 14.2% of our yesterday's hashpower into it. The result was good and we earned 177% LTC profitability on NAUT. But we had bad luck with LTC mining yesterday and found less blocks than statistically expected, so our profitability from mining LTC was at 70% (this is normal and is because of variance). Breaking down our yesterday's results by LTC vs. all other coins, 47% of time/hashpower spent at mining LTC got us 70% LTC profitability, while 53% of time/hashpower mining other coins got us 119% LTC profitability. All this combined got us 96% profitability. If we had 100% profitability when mining LTC, then combined with other coins our yesterday's result would be at (0.47*100% + 0.53*119%) = 110%.

LTC has so high difficulty that mining it has high variance and you can't do anything about it. Straight LTC pools get anywhere between 50% and 150% LTC profitability in any given day as well. The difference is that even if we have 70% profitability when mining LTC (what any straight LTC pool can also have), our other half of hashing-time has 119% profitability, what results in 96% day instead of  70% day.

Thanks, that was extremely informative! Keep up the good work.

[_Crash_]

I think scrypt mining is only worth it to mine with asic miners at the moment. GPU mining of scrypt is too ineffective. So the only thing for GPU mining right now is X11 algo. For the next few months the X11 coins will be a lot more than the scrypt ones. So if you have GPUs for mining I suggest mine X11 coins or even Groestl - best hash for power...better even than the X11 algo.

As for the clevermining I had very good time mining here until a month ago. I switched to X11 mining two weeks ago. So if Terk sets up a X11 clever mining I will be happy to mine there.

Happy mining to all.

I agree with you completely. However last time I checked, mining x11 wasn't profitable unless I queried wrongly.

Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.

Some people have access to really cheap or even free electricity.

True, however my single card rig (303KH/s) uses 240W solid when mining. I have it on for 9 hours each day during the night since mining scrypt is so unprofitable ~ at least for me anyway. Its around £9 a month now that I'm doing this minus a couple pound due to my solar panels which are grid tied.

[mstrongbow]

Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.

Some people have access to really cheap or even free electricity.

True, however my single card rig (303KH/s) uses 240W solid when mining. I have it on for 9 hours each day during the night since mining scrypt is so unprofitable ~ at least for me anyway. Its around £9 a month now that I'm doing this minus a couple pound due to my solar panels which are grid tied.

Pick up an R9 270 yo! Coupled with a Sempron 145 you can have a low power single rig pushing 430+ Kh/s and fairly low temps...should be under 175w! Also GOLD rated PSU or better helps a bunch.

[byt411]

Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.

Some people have access to really cheap or even free electricity.

True, however my single card rig (303KH/s) uses 240W solid when mining. I have it on for 9 hours each day during the night since mining scrypt is so unprofitable ~ at least for me anyway. Its around £9 a month now that I'm doing this minus a couple pound due to my solar panels which are grid tied.

Pick up an R9 270 yo! Coupled with a Sempron 145 you can have a low power single rig pushing 430+ Kh/s and fairly low temps...should be under 175w! Also GOLD rated PSU or better helps a bunch.

I have it at 475kh/s, and it's using around 180w. It's a really good card, but instead, you really should get some gridseeds, since they use a lot less power than GPUs.

[rammy2k2]

there are 20 coins right now more profitable than LTC we're on ~90% ... how the heck ?

[byt411]

there are 20 coins right now more profitable than LTC we're on ~90% ... how the heck ?

Okay. Let me explain this for the 1631654646435145869884th time.

There is something called variance. That means that even if you are mining a coin that is at 200% LTC Profitability, you are not guaranteed to get 200% LTC Profitability.
Also, a lot of coins have KGW and DigiShield and all that stuff, so it isn't that easy for multipools to get the most out of them.
Get it?

[mstrongbow]

Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.

Some people have access to really cheap or even free electricity.

True, however my single card rig (303KH/s) uses 240W solid when mining. I have it on for 9 hours each day during the night since mining scrypt is so unprofitable ~ at least for me anyway. Its around £9 a month now that I'm doing this minus a couple pound due to my solar panels which are grid tied.

Pick up an R9 270 yo! Coupled with a Sempron 145 you can have a low power single rig pushing 430+ Kh/s and fairly low temps...should be under 175w! Also GOLD rated PSU or better helps a bunch.

I have it at 475kh/s, and it's using around 180w. It's a really good card, but instead, you really should get some gridseeds, since they use a lot less power than GPUs.

I considered pickig up some Gridseed units not long ago...had a deal lined up even (2+ Mh/s/$500 shipped) but then I thought about it and realized the R9 270 a better deal than ANY Gridseed as once mining is no longer profitable a Gridseed will become a paperweight...a GPU can be sold as a gaming/workstation video card afterwards.

[byt411]

Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.

Some people have access to really cheap or even free electricity.

True, however my single card rig (303KH/s) uses 240W solid when mining. I have it on for 9 hours each day during the night since mining scrypt is so unprofitable ~ at least for me anyway. Its around £9 a month now that I'm doing this minus a couple pound due to my solar panels which are grid tied.

Pick up an R9 270 yo! Coupled with a Sempron 145 you can have a low power single rig pushing 430+ Kh/s and fairly low temps...should be under 175w! Also GOLD rated PSU or better helps a bunch.

I have it at 475kh/s, and it's using around 180w. It's a really good card, but instead, you really should get some gridseeds, since they use a lot less power than GPUs.

I considered pickig up some Gridseed units not long ago...had a deal lined up even (2+ Mh/s/$500 shipped) but then I thought about it and realized the R9 270 a better deal than ANY Gridseed as once mining is no longer profitable a Gridseed will become a paperweight...a GPU can be sold as a gaming/workstation video card afterwards.

Correct, but a Gridseed also comsumes much less power than a GPU. Where do you buy your gridseeds from?

[Terk]

there are 20 coins right now more profitable than LTC we're on ~90% ... how the heck ?

Please read what I wrote just one page before: https://bitcointalk.org/index.php?topic=448649.msg6773275#msg6773275

Time when these coins are more profitable than LTC is counted in minutes per day (and/or their difficulty is so small so you can only put limited hashpower on them). During most of the time they're less profitable than LTC because of difficulty readjusting every block. Dozens of such coins can give you 40-70% of combined time when some other coin is more profitable than LTC. And this is when we are mining these coins, but for the remaining time, when LTC is the most profitable, we are mining LTC.

Today (after 15 hours), we put 38% of our hashpower into LTC and 62% into other coins. Mining LTC gave us 60% of LTC profitability because we found only 6 blocks compared to 10 which we should find statistically. This is perfectly normal and mining anywhere between 5 and 15 blocks is normal if you expect to mine 10 blocks in average. Just 4 blocks less skewed our results so much (sometimes it's 4 blocks less, sometimes it's 4 blocks more).

Mining coins other than LTC gave us 112% profitability. Combined together 0.38*60% + 0.62*112% = 92% overall profitability. If we had 100% luck in LTC mining our result would be 0.38*100% + 0.62*112% = 107% overall profitability. If our luck was reversed and we had 140% in LTC (so +40% instead of -40%), our overall would be 0.38*140% + 0.62*112% = 123%.

You can look at it this way:

38% of your hashpower went to mining LTC and you had the same results here which you could have at any straight LTC pool. They also can have 50% or 150% profitability in any given day because of variance/luck. But in the long term (weeks) it will always be 100% on average.

62% of your hashpower went to mining other coins and it gave you 112% profitability which is good these days.

Considering that LTC part can sway between 50% and 150% but in the long term it will always be 100%, you can see our today's result from long-term perspective as 0.38*100% + 0.62*112% = 107%, because in the long term LTC part will always be equal to 100%. So our today's result, if take out LTC luck out of equation and use long-term average for the LTC part, is 107%. Actual result is 92% because of worse than average LTC luck. But in the long term average your results at CleverMining will always be better than LTC and you shouldn't worry because two or three worse days.

[suchmoon]

Correct, but a Gridseed also comsumes much less power than a GPU. Where do you buy your gridseeds from?

Gridseeds cost ~$150-200 per 1 MH/s even if you buy them used on eBay. With Innosilicon A2 rigs at ~$120 per MH/s and 1/3 the power consumption of Gridseeds I think the writing is on the wall. One thing Gridseeds still have going for them is the granularity, i.e. you can pick one or two for what basically is pocket change on ASIC scale. A2 starts at $3000-$4000. So for someone looking for a hobby / science project buying a gridseed and overvolting the hell out of it could be a good cheap entry into mining.

[mstrongbow]

Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.

Some people have access to really cheap or even free electricity.

True, however my single card rig (303KH/s) uses 240W solid when mining. I have it on for 9 hours each day during the night since mining scrypt is so unprofitable ~ at least for me anyway. Its around £9 a month now that I'm doing this minus a couple pound due to my solar panels which are grid tied.

Pick up an R9 270 yo! Coupled with a Sempron 145 you can have a low power single rig pushing 430+ Kh/s and fairly low temps...should be under 175w! Also GOLD rated PSU or better helps a bunch.

I have it at 475kh/s, and it's using around 180w. It's a really good card, but instead, you really should get some gridseeds, since they use a lot less power than GPUs.

I considered pickig up some Gridseed units not long ago...had a deal lined up even (2+ Mh/s/$500 shipped) but then I thought about it and realized the R9 270 a better deal than ANY Gridseed as once mining is no longer profitable a Gridseed will become a paperweight...a GPU can be sold as a gaming/workstation video card afterwards.

Correct, but a Gridseed also comsumes much less power than a GPU. Where do you buy your gridseeds from?

True. I've got a 3x 270 mining rig and it barely costs $1/day but is pulling in over $3/day in profits. When I can no longer make a profit mining with my GPU's I can build a couple systems and sell those or just sell the cards alone.

I found a deal on some modded Gridseeds not long ago (here on the forums) but decided on another S1 plus another R9 270 instead of the Gridseeds. An S1 will be profitable to mine with for at least a couple more difficulty changes as they can be undervolted for improved efficiency. I've been considering overclocking my S1 units at least until either next difficulty change or the hottest weather, not sure though as they are still under warranty.

Modding a Gridseed is a pretty simple process and if I invested in any Gridseeds I would consider used, pre-modded units, depending price, otherwise I would rather buy new and make the mod myself.

[quakefiend420]

Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.

Some people have access to really cheap or even free electricity.

True, however my single card rig (303KH/s) uses 240W solid when mining. I have it on for 9 hours each day during the night since mining scrypt is so unprofitable ~ at least for me anyway. Its around £9 a month now that I'm doing this minus a couple pound due to my solar panels which are grid tied.

Pick up an R9 270 yo! Coupled with a Sempron 145 you can have a low power single rig pushing 430+ Kh/s and fairly low temps...should be under 175w! Also GOLD rated PSU or better helps a bunch.

I have it at 475kh/s, and it's using around 180w. It's a really good card, but instead, you really should get some gridseeds, since they use a lot less power than GPUs.

I considered pickig up some Gridseed units not long ago...had a deal lined up even (2+ Mh/s/$500 shipped) but then I thought about it and realized the R9 270 a better deal than ANY Gridseed as once mining is no longer profitable a Gridseed will become a paperweight...a GPU can be sold as a gaming/workstation video card afterwards.

Correct, but a Gridseed also comsumes much less power than a GPU. Where do you buy your gridseeds from?

True. I've got a 3x 270 mining rig and it barely costs $1/day but is pulling in over $3/day in profits. When I can no longer make a profit mining with my GPU's I can build a couple systems and sell those or just sell the cards alone.

I found a deal on some modded Gridseeds not long ago (here on the forums) but decided on another S1 plus another R9 270 instead of the Gridseeds. An S1 will be profitable to mine with for at least a couple more difficulty changes as they can be undervolted for improved efficiency. I've been considering overclocking my S1 units at least until either next difficulty change or the hottest weather, not sure though as they are still under warranty.

Modding a Gridseed is a pretty simple process and if I invested in any Gridseeds I would consider used, pre-modded units, depending price, otherwise I would rather buy new and make the mod myself.

I have a set of 20 modded ones that can do 950mhz(404 khash) and only consume 9w each.  They've been running for weeks like this with very low HW errors(avg of 0.21% across all 20 as of this exact moment).  I'll also throw in an ATX PSU and all needed power cabling, two 10 port USB hubs, and two lightning asic controllers(although i recommend using a raspberry pi with scripta/minera instead).  I'm looking to sell the whole setup as a lot, PM me if you're interested.  I also have some single units that I'll let go of as well.

[Capttech08]

Scrypt-Based Mining now is just generally dead. I don't see the point anymore, even if you have Mh/s, you're still losing a LOT with electricity costs.

Some people have access to really cheap or even free electricity.

True, however my single card rig (303KH/s) uses 240W solid when mining. I have it on for 9 hours each day during the night since mining scrypt is so unprofitable ~ at least for me anyway. Its around £9 a month now that I'm doing this minus a couple pound due to my solar panels which are grid tied.

Pick up an R9 270 yo! Coupled with a Sempron 145 you can have a low power single rig pushing 430+ Kh/s and fairly low temps...should be under 175w! Also GOLD rated PSU or better helps a bunch.

I have it at 475kh/s, and it's using around 180w. It's a really good card, but instead, you really should get some gridseeds, since they use a lot less power than GPUs.

I have another mining friend of mine who runs Nvidia 750 TI's. They pull 50w under load a piece and run at around 320kh/s. It is a loss as far as kh/s goes, but for the power difference (475kh/s = 180w or 320kh/s = 50w) it is actually a higher profit margin since you pay a lot less electricity. As well as being able to run as many cards as you can get PCI-E cables on 1 psu (he has 6 of them on 1 mobo and 1 1000w psu). Of course, that means you run Cudeminer instead of CGMiner which I have no experience with.

Not to mention the cards are only $150 a piece vs the $300 for the 280x's and such.

Just a thought for you electricity conscious people.

[arorts]

Hi,

It seems like the website indicates to add this parameter  double dash scrypt  "-- scrypt"  to the configuration. However, my miner web interface only allows me to add these fields:  Pool Address, PoolID/User and password.

So how can I add the scrypt parameter ??

Thanks