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

[inedenimadam]

profits should never be below litecoin, WTF?, surely a default switch to litecoin should be mandatory if profits of other alt coins drop below litecoin profit?

The coin being mined is a prediction of future profit. There's many factors involved.
Variance and bad luck in general can make this prediction incorrect. Thus profit drops below LTC level.
There's quite a bit of latency between the choice of mining a coin and receiving BTC in the end after finding a block and finally trading it.

Good answer.  I have said it before, and I will say it again;  Terk has been running hard the past few days/weeks with his little pool blowing up.  He has seen his user base expand by a power of 10x, he has had DDoS attacks, opened new worldwide servers, delt with a tanking market, all while dealing with people that cant enter their BTC address in their user name.  Lets give Terk a few days to let the dust settle, before we start trying to pin the decline of the altcoin on his pool. 

[1714775691]

1714775691

[1714775691]

1714775691

[elpsycongro]

^ Im giving terk a few days i will just mine sonewhere else and ill be back in a few days when things are sorted out

[adrenaline_x]

First post for me  i THink.. I can't stand the bitching that goes on in here.

instead of complaining about the pool profitability, coins being mined, or high reject rates, just change pools.  There is no bonus for being loyal to something that is not working for you.

I started off on LTC 1 year ago, moved to middlecoin for a long time, then to WDC and then road DOGE for a month of more before just automating everything back including the trading of altcoins to BTC which is why i'm here.

I find my hash rate shows 300 to 500 khash/s  lower on the site (not included in rejects) and payouts are lower then the mhs  to btc rate the site lists.  But whatever.. I was on wafflepool before but had some issues so i moved here for a while to see how it goes.  2 other rigs i that  manage for someone shows 5 mhs which is correct (2 rigs versus my 4 smaller rigs) and the payouts have been pretty steady for them vs their mh/s.

Do i bitch about profitability or try and tell the op to mine specific coins or fix issues? NO.  If it really bothers me i switch to a different pool and keep monitoring this one.. Much the same way i monitor the many other mutlipools that payout in btc.

I check this thread for info from the OP and other fixes..  the bitching has to stop.. Don't like the issues? try a different pool.  You have nothing to lose and everything to gain by moving to another pool that is showing better results.

Get cgwatcher and setup different profiles and configure them with different pools so you can hit the drop down, select the profile you want with the pool you want to mine with and let it run.

This is a virtually free service that someone is providing us with pretty graphs and such.. but really, profits are king and you are pretty stupid to stick with one pool out of loyalty or any other reasons if another pool provides better results.

/rant.

[ryancpwalsh]

First post for me  i THink.. I can't stand the bitching that goes on in here.

instead of complaining about the pool profitability, coins being mined, or high reject rates, just change pools.  There is no bonus for being loyal to something that is not working for you.

I started off on LTC 1 year ago, moved to middlecoin for a long time, then to WDC and then road DOGE for a month of more before just automating everything back including the trading of altcoins to BTC which is why i'm here.

I find my hash rate shows 300 to 500 khash/s  lower on the site (not included in rejects) and payouts are lower then the mhs  to btc rate the site lists.  But whatever.. I was on wafflepool before but had some issues so i moved here for a while to see how it goes.  2 other rigs i that  manage for someone shows 5 mhs which is correct (2 rigs versus my 4 smaller rigs) and the payouts have been pretty steady for them vs their mh/s.

Do i bitch about profitability or try and tell the op to mine specific coins or fix issues? NO.  If it really bothers me i switch to a different pool and keep monitoring this one.. Much the same way i monitor the many other mutlipools that payout in btc.

I check this thread for info from the OP and other fixes..  the bitching has to stop.. Don't like the issues? try a different pool.  You have nothing to lose and everything to gain by moving to another pool that is showing better results.

Get cgwatcher and setup different profiles and configure them with different pools so you can hit the drop down, select the profile you want with the pool you want to mine with and let it run.

This is a virtually free service that someone is providing us with pretty graphs and such.. but really, profits are king and you are pretty stupid to stick with one pool out of loyalty or any other reasons if another pool provides better results.

/rant.

I'm not bitching (I actually like it here) - but -- this isn't a virtually free service at all (Terk is making 2%.  Total expected right now is 111 BTC, so when Terk closes that off to 0 that's 2.22 BTC in his pocket for 24-36 hours).

People have every right to complain - even if it's difficult to read the same complaint over and over again, just as you have every right to complain about people complaining, and then saying something completely untrue (suggesting that this is a free service).

[BayCoins]

Terk - Any reason why Unexchanged over the last few days never flushes out more than 25-30% of its total? Is this an exchange issue or more script driven? I think most miners would agree its a better feeling to have these balance areas flushed out periodically to ensure performance in total is on par with prior days.  

Thanks!

[zneww]

Terk - Any reason why Unexchanged over the last few days never flushes out more than 25-30% of its total? Is this an exchange issue or more script driven? I think most miners would agree its a better feeling to have these balance areas flushed out periodically to ensure performance in total is on par with prior days.  

Thanks!

Agreed. It would be nice to have a "flush out" every night, or every other night. I guess you can look at middlecoin and say the same thing though :/

[pjv]

On rejects...

FWIW, I finally went ahead and dialed down my Intensity this morning a little bit to see what the effect would be on rejects. I had been running intensity at 21 which maxed my hashpower. I dropped down to 19 and the effect on hashpower was a loss of roughly 5%. After a few hours of running @19, reject percentage seems to have dropped by 2/3 (from close to 15% to around 5%) and from being consistently well above the poolwide reject % to being consistently at or below it.

[Hotsauce]

Terk, I reserved a subreddit (/r/clevermining) if you are interested.  Thought it might be an easier way to communicate so everyone could see all your posts & others replies without scrolling through multiple pages.

I'm the mod there, so feel free to message me with quick proof that you are Terk and I will gladly hand over the subreddit to you.

This!

A subreddit is way more organized and will be so much easier to keep track of updates. You could also get a few users that have been loyal since the beta to do the moderating, I'm sure there are a few here that wouldn't mind that at all.

[adrenaline_x]

I'm not bitching (I actually like it here) - but -- this isn't a virtually free service at all (Terk is making 2%.  Total expected right now is 111 BTC, so when Terk closes that off to 0 that's 2.22 BTC in his pocket for 24-36 hours).

People have every right to complain - even if it's difficult to read the same complaint over and over again, just as you have every right to complain about people complaining, and then saying something completely untrue (suggesting that this is a free service).

No its virtually free.

the 2% you are paying covers trading altcoins to BTC.. Not sure how much trading of alt coins you have done but those fees add up.. ESPECIALLY if you are constantly exchaning small amounts of 10 different alt coins a few times a day (if you were doing it yourself.  

assume my Mh/s is 4.7 and in a perfect world i get paid .047 btc a day from cleverming.  the 2% works out to .00094 or $0.62 usd per day.  or 18$ per month usd i'm paying for this service.  Now apply the costs of terk's time wether its part time or full time for him + the cost of trading + transactions fees + server costs + ddos protection + knowledge..   My hourly rate is 75$ per out as a consultant and 150$ an hour when billed by my main employer to clients..   is saving 18$ per month worth the hours i would spend mining the most pofitable alt coin, trading for btc, paying exchange/trading fees and transfer fees? no.. because i couldn't all my alt coins and reconfigure miners withing 15 minutes per month.

I pay .00094 btc per day to get .04606 per day, all things being equal.

so it this a free service from the pool manager? no.. Its virtually free since it cost $0.62 per day.. that is a small amount even comparing it to the cost of power i'm paying per day for 4 rigs (.0718 kw/hr)


If he was running this pool out of his house on his home computer then sure, you could argue that he is making alot of  btc off the users.. but this is not the case at all.  And if he was, you still shouldn't bitch because you can move to another pool that cost less or pays out better for you?   the rates are spelled out on the main page for everyone to see. If you accept those rate, which you have, you point your miners at this pool.  If the pool is not doing it for you because of fees, profitabilty, or rejects or whatever, you are stupid for not moving to somewhere else.  Its easier to make the change yourself vs Terk making a change that effect ever other miner differently then you.

[Prima Primat]

To everyone who cries about CM vs LTC profitability. LTC would love your hash  

You've got a point though. It's counterproductive to mine small coins when they don't yield significantly higher profits than LTC (i.e. the algorithm might predict that they're slightly better, but the benefit is smaller than variance). The combined hashpower of a pool only increases their difficulty and, thus, makes them even less profitable.

Terk should make some kind of agreement with h2odysee and poolwaffle to completely switch to LTC in situations like this. Just to give the small coins some 'room to breathe' for a while.

Or would this have bad side effects on the small coins?

[blueriver]

hopefully this will get fixed soon?

[klondike_bar]

To everyone who cries about CM vs LTC profitability. LTC would love your hash 

This. We have one day with profitability a bit less than LTC. That does not mean we are nosediving and will never see 10-20 days in a row of 110%+.  For every 150%+ day there will almost certainly be a <100% day.

If you cant handle varience like that, dont mine altcoins

[m4ttyd]

To everyone who cries about CM vs LTC profitability. LTC would love your hash  

You've got a point though. It's counterproductive to mine small coins when they don't yield significantly higher profits than LTC (i.e. the algorithm might predict that they're slightly better, but the benefit is smaller than variance). The combined hashpower of a pool only increases their difficulty and, thus, makes them even less profitable.

Terk should make some kind of agreement with h2odysee and poolwaffle to completely switch to LTC in situations like this. Just to give the small coins some 'room to breathe' for a while.

Or would this have bad side effects on the small coins?

Exactly this, as soon as its even close to becoming equal to or under the profitability of litecoin, the wisest thing to do would be to switch to litecoin until the profitability of altcoins increase this is just simple business.

[Terk]

I know everyone is upset with lower profits than we all are accustomed too. I don't like it too. These are just market conditions and we really can't do anything about it. All other pools have similar or even worse results.

I will work to optimise the pool choices even more and maybe split our hashrate between couple of smaller coins. It will be easier when miners will be spread over more servers so I think I'll launch more regional servers now. But these are small optimisations and the reality is that most of altcoins aren't that profitable now. This market has its ups and downs and if you take a look at 30-day chart http://www.clevermining.com/profits/30-days you can expect that better profits will come back soon, as usual.

Of course we mine directly LTC at the moments when it's the most profitable. But there's a variance and there are hours with more blocks found and hours with less blocks found.

The high unexchanged balance is a backlog of manual trades from couple of days ago. I will process them manually within 24 hours and it should be cleared out to pay tomorrow.

[ghur]

I will work to optimise the pool choices even more and maybe split our hashrate between couple of smaller coins. It will be easier when miners will be spread over more servers so I think I'll launch more regional servers now.

With many coins now using KGW to quickly adjust, it does sound like splitting hashrate over smaller coins is a good opportunity for profit.
Keep up the great work.

Poor Aurora without KGW is probably going to get stomped again though when they finally crunch through those blocks to get the difficulty down

[zneww]

Of course we mine directly LTC at the moments when it's the most profitable. But there's a variance and there are hours with more blocks found and hours with less blocks found.

Thank you for this line Terk. Now everyone calm down

[ozzy1926]

what should i do to lower my reject rates?I live in Turkey ,switched to eu server and still getting %10-11 rejects tried all  scan- time,que, expiry combinations none of them seem working for me.When i switched back to waflepool i get 0.22% rejects in 24 hours of time

[aktortuga]

I know everyone is upset with lower profits than we all are accustomed too.

Not everyone is upset. I am quite satisfied with the way this pool has responded to recent challenges. Your willingness to engage with the community is refreshing and reassuring.

Markets go up and down. Variance happens. No big deal.

[Prima Primat]

Of course we mine directly LTC at the moments when it's the most profitable. But there's a variance and there are hours with more blocks found and hours with less blocks found.

No, my suggestion is to mine LTC exclusively for a while, ideally in coordination with the other big pools, to give all the smaller coins the chance to become more profitable again. Right now we're still switching between diff 16, diff 11, or diff 6 coins... only sometimes it's LTC or DOGE.

[m4ttyd]

If the pool is designed to always mine the most profitable coin and the coin that the profitability is based on is litecoin then in theory we should never go below litecoins profitability as when litecoin is the most profitable then we are mining that