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

[Xenocyde]

It seemed pretty straightforward to me.

When I initially signed up, I did it through CEX.IO while mistakenly thinking I could mine there.

Afterwards, I went to GHash.IO and logged it via the same credentials I created on CEX.IO

Better hurry, these rewards are nice

I mean I'm getting 520 errors when I'm making a user and then it says user ID is taken. I believe many people are jumping in on that pool and user creation system is overwhelmed.

[martynw2000]

This is going from bad to worse... I know the scrypt markets are poor right now, but the last 24hrs have been below 100% LTC profits for virtually every hour. I might as well be mining LTC.

I think I'll switch over to scryptguild and see if they're any better.

[techfanatic9]

For anyone mining on Ghash.io are you mining LTC?

[UdjinM6]

I can confirm Ghash is doing a double ltc reward. In other words, you make twice the money. No brainer to switch

clevermining.com

can you minings you out there and we will get you 200% more?

+1
that would be nice but I'm not sure if Ghash can handle it

[Kalizar]

It seemed pretty straightforward to me.

When I initially signed up, I did it through CEX.IO while mistakenly thinking I could mine there.

Afterwards, I went to GHash.IO and logged it via the same credentials I created on CEX.IO

Better hurry, these rewards are nice

I mean I'm getting 520 errors when I'm making a user and then it says user ID is taken. I believe many people are jumping in on that pool and user creation system is overwhelmed.

I would at least try a different user ID, and I got some 520 errors exploring the website. From what I can see, the pool's hashrate is increasing 1 GH/s per 45min-1hour.

I expect that to increase dramatically later tonight, so that would result in even more traffic issues when it becomes imperative for a large population of miners to switch.

This is going from bad to worse... I know the scrypt markets are poor right now, but the last 24hrs have been below 100% LTC profits for virtually every hour. I might as well be mining LTC.

I think I'll switch over to scryptguild and see if they're any better.

92% as I'm typing this. Switch to GHash.io (might have to register on CEX.io). There is over 6 days remaining on a fixed 200% LTC profitability. That gives the mining/trading community time to wake up while we can still make great profits for almost a week.

For anyone mining on Ghash.io are you mining LTC?

Yes, it only mines LTC. However, you are getting double the reward. So even if you mine an altcoin that is 1-99% more profitable than mining litecoin, you'd be better off using Ghash.

Just use a standard profitability calculator for mining LTC. After plugging in your hashrate, kw/h, etc... Calculate your profitability and multiply it by 2! Win/Win


Promotion details from twitter: https://twitter.com/ghash_io/status/443823671186960384/photo/1

[Xenocyde]

Never mind, I finally managed to make a user on cex.io. Let's see what this baby can do.

[C892]

I can confirm Ghash is doing a double ltc reward. In other words, you make twice the money. No brainer to switch

it looks like scam

[Xenocyde]

Yes, it might seem dubious, but I read Ghash.io has quite a reputation.

[Kalizar]

I can confirm Ghash is doing a double ltc reward. In other words, you make twice the money. No brainer to switch

it looks like scam

Most definitely not. I've already withdrawn LTC and can confirm I am making 200%.

This is the same provider of what was once the biggest BTC mining pool. Apparently they even became big enough to almost be capable of executing a 51% attack. The community became wary and decentralized the larger pools. Regardless, they went on to provide mining services, a trading platform, and other unique stuff.

Since they are coming a little late into the LTC mining game, it seems practical to release this kind of promotion for a lucrative company. They know miners will come.

[vm_mpn]

I can confirm Ghash is doing a double ltc reward. In other words, you make twice the money. No brainer to switch

it looks like scam

Most definitely not. I've already withdrawn LTC and can confirm I am making 200%.

This is the same provider of what was once the biggest BTC mining pool. Apparently they even became big enough to almost be capable of executing a 51% attack. The community became wary and decentralized the larger pools. Regardless, they went on to provide mining services, a trading platform, and other unique stuff.

Since they are coming a little late into the LTC mining game, it seems practical to release this kind of promotion for a lucrative company. They know miners will come.

I wonder how much of that double profit will be eaten by fees - those guys have very aggressive fee structure I think.

[Kalizar]

I can confirm Ghash is doing a double ltc reward. In other words, you make twice the money. No brainer to switch

it looks like scam

Most definitely not. I've already withdrawn LTC and can confirm I am making 200%.

This is the same provider of what was once the biggest BTC mining pool. Apparently they even became big enough to almost be capable of executing a 51% attack. The community became wary and decentralized the larger pools. Regardless, they went on to provide mining services, a trading platform, and other unique stuff.

Since they are coming a little late into the LTC mining game, it seems practical to release this kind of promotion for a lucrative company. They know miners will come.

I wonder how much of that double profit will be eaten by fees - those guys have very aggressive fee structure I think.

I am not sure what their fees typically are/were, but I know there is 0% fees on LTC mining. Not sure if that will continue after the promotion.

I thought the same thing when I saw 200% LTC profitability, but was reassured after reading further and seeing 0% fee.

[martynw2000]

This is all detracting away from Clevermining - which is what this thread is about.


However...

I don't know how many G/hash ghash.io is running, but lets say it's 20Ghs. If they constantly mine LTC for 7 days at current exchange rate and difficulty, that's $500k give or take a few thousand. Why would any company give away that kind of money??

Sure, as a marketing ploy to get miners on board, but as soon as the promo is over and there's a better deal elsewhere, they will leave.

[C892]

I can confirm Ghash is doing a double ltc reward. In other words, you make twice the money. No brainer to switch

it looks like scam

Most definitely not. I've already withdrawn LTC and can confirm I am making 200%.

This is the same provider of what was once the biggest BTC mining pool. Apparently they even became big enough to almost be capable of executing a 51% attack. The community became wary and decentralized the larger pools. Regardless, they went on to provide mining services, a trading platform, and other unique stuff.

Since they are coming a little late into the LTC mining game, it seems practical to release this kind of promotion for a lucrative company. They know miners will come.

I wonder how much of that double profit will be eaten by fees - those guys have very aggressive fee structure I think.

I am not sure what their fees typically are/were, but I know there is 0% fees on LTC mining. Not sure if that will continue after the promotion.

I thought the same thing when I saw 200% LTC profitability, but was reassured after reading further and seeing 0% fee.

actually, BTC community were afraid from them closing to perform 51% attack.

Stop hijacking clevermining thread.

[ozzy1926]

btw whats the best trader to trade ltc to btc?

[vm_mpn]

0% fee is always good... I guess maintenance fee applies to BTC mining only, at least for now   http://cex.io/maintenance

I'm staying with TERK for now - I guess I like suffering... lol

OZZY... You mean exchange? BTC-E or Cryptsy I guess

[VirosaGITS]

WOW!

I really am getting 200% profitability.

I went to EDIT: *snip*

[phzi]

WOW!

I really am getting 200% profitability.

I went to cex.io/r/0/Virosa/0/

Yeesh... screw off with the referal links, douche.

Talking about ghash.io's promo and how it affects CM is one thing, but that post was just stupid.

[Kalizar]

This is all detracting away from Clevermining - which is what this thread is about.


However...

I don't know how many G/hash ghash.io is running, but lets say it's 20Ghs. If they constantly mine LTC for 7 days at current exchange rate and difficulty, that's $500k give or take a few thousand. Why would any company give away that kind of money??

Sure, as a marketing ploy to get miners on board, but as soon as the promo is over and there's a better deal elsewhere, they will leave.

Right now it's nearing 7 GH/s for Ghash's pool. You'd be surprised how much money it costs to run effective promotions. To me, it seems like they are getting left behind in LTC trading and mining.

After the promotion, they could potentially get a consistent population that can start paying fees for mining and possibly additional trading fees. In the long run, those numbers could make the promotion's cost seem miniscule.

I'm sure when the promotion ends, most miners will go back to whichever is most profitable.

[VirosaGITS]

WOW!

I really am getting 200% profitability.

I went to cex.io/r/0/Virosa/0/

Yeesh... screw off with the referal links, douche.

Talking about ghash.io's promo and how it affects CM is one thing, but that post was just stupid.

Wow relax, dude.

No need to be an ass, i hadn't realized, i was just excited to have doubled my profitability, as a sign of good faith i edited out the link...

Its just a 1 week thing, it doesn't look like they are switching so as soon as the week is over, i bet people will rush back here. =/

[Terk]

I scrolled through all my PMs since the pool launch and were trying to catch messages with Bitcoin address included. I merged accounts and/or corrected capitalisation in all cases which I found. You should be included in the nearest payout. Sorry that it took so long.

If I missed your message and you won't get paid in 2 hours, please PM me again.