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

[Prima Primat]

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

Again, that's just variance. Sometimes you find more blocks, sometimes you don't find any for a while. Calculated profitability is just a hypothetical average over an infinite time span.

[klondike_bar]

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

Again, that's just variance. Sometimes you find more blocks, sometimes you don't find any for a while. Calculated profitability is just a hypothetical average over an infinite time span.

+1. If you think that going beyond the 'ideal' profitability of LTC mining means there is something wrong, you just need to study the economics and probability of cryptocurrency a bit longer

[Neon001]

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.
...

Ugh, sounds like middlecoin all over again.  Yes, we get it, we can all leave if we don't like it.  We know where the door is.  Some people actually have constructive criticism to offer, and are invested in the success of this pool.  If *you* don't like critical posts in this thread, you can always find another thread.  The twitter and the main site has plenty of good info if you're just looking for pool updates.  Further, much to his credit, it really seems that the pool operator here is both attentive and receptive to suggestion (completely unlike H2o).  Big kudos to him for this.

To your point about this being a "virtually free service"....BS.  2% is *double* the pool standard for profit.  The fact that this *seems* low to you is irrelevant.  I work in the defense contracting industry, and standard fee for services is on the order of 6-8%.  If I were to ask for double this (without shifting to a different low-risk contract type), my proposal would hit the "round file" pretty much as soon as it was received.  

I think Clevermining is a great service, and I mine here over the others because Terk really seems to give a shit.  But we *are* customers paying for a service, and we do deserve some level of quality.  Don't forget that.

[jasdace]

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.

Perhaps adding an "average" line on the 24hr and 30 day chart would further put some fears to rest.

To all those who think they could run the pool better, why don't you go try.  It is not as easy as it looks.

Terk, keep up the great work !!

[nowaltcoin]

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

1. I think you should keep in mind that mining a coin which is more profitable then LTC do not necessarily mean that the coin will be sold
   with more profit to LTC.
2. There are more pools doing the same way (with also a lot of hashpower) and trying to sell the coins!

I think the best way is dividing clevermining in regional server (US/Europe/Asia/Afrika.....) and let this 'little' pools mining different coins
So 3-4 most profitable coins are mined.

just my 2 cent and stay tuned


btw: Tuned my rigs to sgminer with experimental kernel ===> hashpower up from 2.69MH/s to 2.71MH/s but WU: from 2.35M to 2.5M
and 1% rejects for 4hours........(i keep an eye on it)

@Terk keep on.........

[elpsycongro]

What kernel?

[nowaltcoin]

What kernel?

Sgminer 4.1.0 is another Scrypt GPU miner that is based off the latest cgminer version 3.7.2 that had support for Scrypt GPU mining as all of the later versions of the cgminer support only ASIC mining hardware for SHA-256 and Bitcoin. Sgminer 4.1.0 is very similar to cgminer 3.7.2, though there are some interface changes and also there are some extra features such as multiple experimental kernels to play with as well as some of the features found in the cgminer 3.7.3 kalroth edition such as xintensity and rawintensity modes besides the standard intensity mode form cgminer

[elpsycongro]

What kernel?

Sgminer 4.1.0 is another Scrypt GPU miner that is based off the latest cgminer version 3.7.2 that had support for Scrypt GPU mining as all of the later versions of the cgminer support only ASIC mining hardware for SHA-256 and Bitcoin. Sgminer 4.1.0 is very similar to cgminer 3.7.2, though there are some interface changes and also there are some extra features such as multiple experimental kernels to play with as well as some of the features found in the cgminer 3.7.3 kalroth edition such as xintensity and rawintensity modes besides the standard intensity mode form cgminer

So what kernel are you using? I got sgminer just curious

[Wipeout2097]

To your point about this being a "virtually free service"....BS.  2% is *double* the pool standard for profit.  The fact that this *seems* low to you is irrelevant.

You forget trading alts for BTC and exchange fees.

[Neon001]

To your point about this being a "virtually free service"....BS.  2% is *double* the pool standard for profit.  The fact that this *seems* low to you is irrelevant.

You forget trading alts for BTC and exchange fees.

Not really.  There are plenty of pools out there that actually charge no fee at all, and the rest of the transaction fees can easily total to <1%.

I'm not saying it's expensive, but to call it virtually free is just flat wrong.  2% isn't much overall, but perspective and opportunity cost need to play a role in where to point your hashes to.

[kalus]

2% is *double* the pool standard for profit.

and where are these published standards that all pools are mandated to follow?

the idea there is a 'pool standard' is laughable.  are you assuming all pools utilize the same bandwidth, electricity, server capacity, hosting costs, and number of employees? 

the fee is the fee.  you get what you've paid for.  

The fact that this *seems* low to you is irrelevant.

the fact you impose arbitrary standards on this pool also seems to have glossed by your attention.  

[Neon001]

the fact you impose arbitrary standards on this pool also seems to have glossed by your attention. 

I'm failing to see how it's arbitrary to say that the vast majority of pools charge 1% or less.  It's quite objective, and in no part arbitrary.

Lets use an analogy then.  You can go to any number of online financial brokerages (Etrade and the like) and pay $10 a trade.  You can go to a financial advisor to do the same thing and provide you some advice while he's at it for $25 a trade.  When you're trading $5000 worth of securities at a time, it seems like a pittance either way, but the latter is still a LOT more expensive, relatively speaking.

[snooker75]

The fee is what the pool operator sets.  I know that's not really what this discussion is, but that's the bottom line.

We all know this pool charges 2%, and 11,000 MH/s says the fee is fine.

Personally, I've left my miners run here for a period of time.  At the end of it, I'm happy with the payout compared to letting my miners run on a different pool.   This includes fees, rejects, connection drops, etc.    

As fun as it is for me to obsess about my own hash rates on a minute by minute basis, or my reject rates or ping speeds to servers, the bottom line to me is how much btc is transferred to my wallet.  

Yes, I've moved some hash power around to see what's going on elsewhere.  I owe it to MYSELF to know.  Again, the bottom line is how much btc is transferred to my wallet.  And as of this point, my hash power is back here.

[kalus]

the fact you impose arbitrary standards on this pool also seems to have glossed by your attention.  

I'm failing to see how it's arbitrary to say that the vast majority of pools charge 1% or less.  It's quite objective, and in no part arbitrary.

argumentum ad populum.  the vast majority of people on earth don't know what a bitcoin is.  ergo, bitcoin is worthless?

It's quite objective, and in no part arbitrary.

because why?  because you've declared it objective? where's your data? it's your fucking opinion that 2% is too high, you cheapskate.

Lets use an analogy then.  You can go to any number of online financial brokerages (Etrade and the like) and pay $10 a trade.  You can go to a financial advisor to do the same thing and provide you some advice while he's at it for $25 a trade.  When you're trading $5000 worth of securities at a time, it seems like a pittance either way, but the latter is still a LOT more expensive, relatively speaking.

so by your standard, a 0% pool should be best? sometimes you get what you pay for.  

pool operators should aim for sustainability, not a race to the bottom for pool fees.  

[kalus]

We all know this pool charges 2%, and 11,000 MH/s says the fee is fine.

thank you.

@ neon001:  that's data. 

[UdjinM6]

The fee is what the pool operator sets.  I know that's not really what this discussion is, but that's the bottom line.

We all know this pool charges 2%, and 11,000 MH/s says the fee is fine.

Personally, I've left my miners run here for a period of time.  At the end of it, I'm happy with the payout compared to letting my miners run on a different pool.   This includes fees, rejects, connection drops, etc.    

As fun as it is for me to obsess about my own hash rates on a minute by minute basis, or my reject rates or ping speeds to servers, the bottom line to me is how much btc is transferred to my wallet.  

Yes, I've moved some hash power around to see what's going on elsewhere.  I owe it to MYSELF to know.  Again, the bottom line is how much btc is transferred to my wallet.  And as of this point, my hash power is back here.

^this +

All these talks about %s are just meaningless - how can you know what exact amount of what coin mined by the pool? At what exchange (fees) and at what price were coins traded? All you see is something pool operator willing to show you and all you get is some btc. And it's not about clever - that's how it works for any pool. The difference is amount of "transparency" (keeping in mind that you can't be sure that what you see is actually true), communication with dev, stability of pool, nice graphs and so on - to summarize - it's about quality of service. And it's about profits. If you are happy with quality and profits here - mine here, if you have another place where you can be even happier - you are free to choose your way. If there is no place where you are happy - build your own.

[igroock]

I still have 0.03108981 BTC on my account that has yet to be paid out...Its been 3 days since I mined CM. Terk?

BTC Address 14BoKmeYWwmBBWMWiuc7zeQw6puR7maK2R

[haggis]

Sorry for speaking again about %s
In sgminer I discovered a slight difference in the amount of rejected shares. See the screenshot: at the top we have 117760/776208 = 15% rejection ratio.
While there are only 0.8 - 2.3% at the GPU overview. Can someone explain the numbers please?
Compared with the displayed hashrate at CM it looks as 15% are lost in space  

[Terk]

I still have 0.03108981 BTC on my account that has yet to be paid out...Its been 3 days since I mined CM. Terk?

BTC Address 14BoKmeYWwmBBWMWiuc7zeQw6puR7maK2R

Of which 0.00789555 is ready for payout and the rest is unexchanged or immature. Payouts are for 0.01 BTC (or 0.001 BTC on Sundays). I need to import some manual trades so there's a small backlog in unexchanged balances currently.

[Terk]

Sorry for speaking again about %s
In sgminer I discovered a slight difference in the amount of rejected shares. See the screenshot: at the top we have 117760/776208 = 15% rejection ratio.
While there are only 0.8 - 2.3% at the GPU overview. Can someone explain the numbers please?
Compared with the displayed hashrate at CM it looks as 15% are lost in space  

I've seen this from some other users. I can't see your username here to check what is your hashrate reported by the pool, but I guess it's all right.

cgminer/sgminer seems to have some problems with recognising some of pool responses. It's related to messages about “rejected untracked stratum shares”, which were not actually rejected. What you see in your GPU data is correct and probably the same numbers will be displayed on the website.

The top-line number in cgminer/sgminer gets confused by these untracked shares and these numbers are totally wrong. As you can see they don't match what it's displayed just couple of lines below.