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

[suchmoon]

The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most.  Its been a fun ride everyone.  The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly.  ASIC are here and are only going to get cheaper and more powerful.

However, the depressed BTC is actually a good thing.  There is much profit to be made by selling hardware and buying cheap BTC

Dude, plagiarized my previous post...wtf?

Don't worry, he's doing that everywhere to everyone in a non-discriminatory fashion

[dmz241]

I think its better to go the route of cloud mining. I mean no hardware to worry about you pay electricity cost from what you earn which is great. Pbmining ghash.io and scrypt.cc are  great. I was also looking into nicehash.

[GolfCabalist]

I have just now found your message, and I really appreciate it.  What an exciting thread that is!

Terk, thanks for settling the score of the unexchanged balance. I had figured that was just coins that had died but glad to see that there is progress to be made there. Perhaps it's less of an issue to me because my balance stuck unexchanged is literally just .002. So. Not too concerned about $0.90

Even though I dont have volt-modded Gridseeds, I have over-clocked them, and one of them gave 0 hardware errors at 950, so...it would do me well to be able to target individual units for specific clock speeds, or, as you suggest, use auto-tuning software.

Not only can you target individual units with a clock speed, you can target individual CHIPS within those units with a clock speed. If you run the autotune, you can get the results per chip from the API.

If you're comfortable mucking around with some basic PHP, here's a script that will, based on autotune results, give you a command line string to start up your miner with the per chip settings.

https://bitcointalk.org/index.php?topic=482352.msg6603449#msg6603449

[byt411]

I think its better to go the route of cloud mining. I mean no hardware to worry about you pay electricity cost from what you earn which is great. Pbmining ghash.io and scrypt.cc are  great. I was also looking into nicehash.

Cloud isn't that great, but you forgot about LeaseRig.

[dmz241]

While I am using the gridseed consider this the price dropped from 300 to 85 in a month. If I had invested in let's say ghash.io I would have been in.profit by just selling the ghs. I just think cloud plus its trading is Bette r then investment in asics right now.

[dmz241]

A question I have I am running a customized scripta version by hashmaster on pi right now with 2 gridseeds. If I install linux on it can I run the gridseeds and an antminer u2 that I have sitting around.

[suchmoon]

While I am using the gridseed consider this the price dropped from 300 to 85 in a month. If I had invested in let's say ghash.io I would have been in.profit by just selling the ghs. I just think cloud plus its trading is Bette r then investment in asics right now.

While the price did drop significantly, it was not that much and not in a month. Yes, bad math is my pet peeve.

Mid February - asiabtc - $260 per miner
Mid March - GAW Miners - ~$200
Mid April - GAW, Hashra, etc - ~$120-$150
Now - $80-100, or about $60 for used ones.

[edonkey]

At the risk of being a whale watcher, it appears that 10 GH/s moved out of the pool. And WP has grown by about that much.

But WP's recent numbers and trends don't look that compelling. I wonder how the whale decides what pool to splash around in...

[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?

[byt411]

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?

I suppose Terk is already configuring that as we speak.

[Terk]

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.

[GolfCabalist]

The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most.  Its been a fun ride everyone.  The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly.  ASIC are here and are only going to get cheaper and more powerful.

However, the depressed BTC is actually a good thing.  There is much profit to be made by selling hardware and buying cheap BTC

Oh, you again. We heard that 2 weeks ago from you. I'd really like to see what Terk has to say about this and if he's considering any X11 multipool.

What kind of hardware do you need to mine X11?

[mstrongbow]

The time has finally come! If you pay for electricity in the US and are mining with a radeon GPU the cost of the electricity is greater than the value of the BTC youre receiving through this pool for most.  Its been a fun ride everyone.  The LTC hashrate has increased over 50% in the last 2 weeks(!!!) and is only going to continue to rise rapidly.  ASIC are here and are only going to get cheaper and more powerful.

However, the depressed BTC is actually a good thing.  There is much profit to be made by selling hardware and buying cheap BTC

Oh, you again. We heard that 2 weeks ago from you. I'd really like to see what Terk has to say about this and if he's considering any X11 multipool.

What kind of hardware do you need to mine X11?

GPU mining I believe

[suchmoon]

What kind of hardware do you need to mine X11?

AMD GPU, and software with X11 support (e.g. sgminer-sph)

NVIDIA might also be an option, I think there is a new ccminer with X11 support but I haven't tried it yet.

[Trestle]

CCminer is doing x11 very well.

[ghur]

What kind of hardware do you need to mine X11?

AMD GPU, and software with X11 support (e.g. sgminer-sph)

NVIDIA might also be an option, I think there is a new ccminer with X11 support but I haven't tried it yet.

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

[_Crash_]

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.

[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.

[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.