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

[Sauron1]

I had to switch back to middlecoin, which pains me.  My reject rate at CM went from about 7% to 16-18%.  Hopefully they fix the problem so I can switch back.  It would also be nice if they posted an update in their twitter feed.

[Quelle]

I had to switch back to middlecoin, which pains me.  My reject rate at CM went from about 7% to 16-18%.  Hopefully they fix the problem so I can switch back.  It would also be nice if they posted an update in their twitter feed.

I might stay out of Middlecoin for now... much worse there atm.

[Sauron1]

I had to switch back to middlecoin, which pains me.  My reject rate at CM went from about 7% to 16-18%.  Hopefully they fix the problem so I can switch back.  It would also be nice if they posted an update in their twitter feed.

I might stay out of Middlecoin for now... much worse there atm.

I am only seeing 7.5% rejects there.  Less than half.  I will definitely switch back once CM is fixed.

[KC82]

Are you going to open at least one EU server please ? I am really look forward it.

Also waiting for this. us server gave me around 8 % rejects. waaaaay to much

Um, the pool average is 7-15% rejects ATM. An EU server isn't going to reduce your reject rate from 8%. Just factor in whether the pool performs 8% better than your other options and use that to make your decision. The admin claims that level of rejects is just the nature of the beast with a switching pool.

[Buddy]

why are your rejects high?

[_Crash_]

I had to switch back to middlecoin, which pains me.  My reject rate at CM went from about 7% to 16-18%.  Hopefully they fix the problem so I can switch back.  It would also be nice if they posted an update in their twitter feed.

I might stay out of Middlecoin for now... much worse there atm.

I permanently moved from there now. I've quite frankly had enough.

[phzi]

Try wafflepool instead of just going back to middlecoin...  Then watch your rejects drop to almost nothing, and profits increase along side.

[ndevices]

i have 25% average reject shares

[sgsdebruijn]

Went over to Wafflepool, +25% rejects out of EU, till there is a EU server i am gone.

[pdaddy]

So far i am impressed with WeMineALL.com and you could try that for a change.

[grand99]

It's a great pool. Great website, great stats, nice profits. But....and always is a "but", enormous rejects. I know, that's the beginning of (I hope) a pool, that everyone could have great profits.

For yesterday i was tweaking with my rigs to get as lower rejects as is passible. But my rejects rate was 12.5% (average). It's to high.

So right now im on wafflepool. I will stay there as long, as Terk will not start EU server, because at the time it's indispensable thing.

My Stats (average)  rejects rate (with the same conf)
CleverMining.com - 12.5%
WafflePool.com - 0.6%

[mark613]

Averaging 13% rejects over the last 24 hours.

[robertsu]

Try wafflepool instead of just going back to middlecoin...  Then watch your rejects drop to almost nothing, and profits increase along side.

How they manage to do that?

[becks619]

I am over at altcoinplex

here my stats

http://stats.altcoinplex.com/users/bitcoin/1MjNG9pGippwTSHraPnB1MBKwjr4q2ykiY.html

[johncarpe64]

I am hopping for a asia server..

[tyj8tim]

Try wafflepool instead of just going back to middlecoin...  Then watch your rejects drop to almost nothing, and profits increase along side.

How they manage to do that?

More servers + lower share difficulties.

I checked the profit average from 2/5 to 2/17 from both sites (biggest window provided by wafflepool) and found

Wafflepool range average = 0.010807 btc/Mh/24hour
Clevermining range average = 0.010903 btc/Mh/24hour

While clevermining has +10% rejects, and wafflepool has <1% rejects.....Wafflepool is the clear winner atm.

[Prima Primat]

Try wafflepool instead of just going back to middlecoin...  Then watch your rejects drop to almost nothing, and profits increase along side.

How they manage to do that?

They probably just mine different coins with longer block times, which makes it less likely for you to submit a share for a block that is already solved. Terk seems to have calculated that these fast coins are worth mining even with sky-high rejects. Or he's wrong and Wafflepool is doing it right, I don't know.

On a related note, I would also appreciate an EU server. us.clevermining.com seems to be located in Seattle WA, which is simply too far away from me. US East Coast would be at least a little better.

--

@tyj8tim: Share difficulty has nothing to do with reject percentage. Or with overall profits, or with anything that matters.

[UdjinM6]

well... 2.5 hours of testing with 1mh/s - A:100864  R:20480
so it's 16% rejects for me... too bad...  

[tyj8tim]

@tyj8tim: Share difficulty has nothing to do with reject percentage. Or with overall profits, or with anything that matters.

I actually have my doubts on that with a switching pool.

I agree that IF we mine at a pool that only mines one coin, then the variance will average out and you will see a steady payout after a few hours or 24 hours.

However, at CM we get a lot of stale rejects. And I'm assuming these are not all counting towards our hashrate (correct me if I'm wrong). From my understanding, stale rejects are the ones that's too old because the pool already pointed to the new block. So if someone has a ~10% reject on average, that means ~10% of the time when he finished his share, the pool already moved on and his calculated shares are useless. This is especially a problem for a pool that's hopping around and getting into block times that's less than a minute or even 30 seconds.

So IMO, by lowering the share difficulties, you can shorten individual miner's share round time and minimize the probability of submitting stale shares.

[_r2h]

@tyj8tim: Share difficulty has nothing to do with reject percentage. Or with overall profits, or with anything that matters.

I actually have my doubts on that with a switching pool.

I agree that IF we mine at a pool that only mines one coin, then the variance will average out and you will see a steady payout after a few hours or 24 hours.

However, at CM we get a lot of stale rejects. And I'm assuming these are not all counting towards our hashrate (correct me if I'm wrong). From my understanding, stale rejects are the ones that's too old because the pool already pointed to the new block. So if someone has a ~10% reject on average, that means ~10% of the time when he finished his share, the pool already moved on and his calculated shares are useless. This is especially a problem for a pool that's hopping around and getting into block times that's less than a minute or even 30 seconds.

So IMO, by lowering the share difficulties, you can shorten individual miner's share round time and minimize the probability of submitting stale shares.

Your thought process regarding lower diffs for a miner has been argued to death over at MC, the consensus is no, diff does not have any long term effect on profitability or otherwise.

Anywho, I see a lot of posts whining about high rejects and swapping pools because of it.  But no mention of profits had during said period.  If you swapped away from a pool just because of rejects without considering your btc/mhs, you're stupid.