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

[deznuts]

The site seems to be up, but the user pages are down. I hope they fix it soon.

[Xenocyde]

User pages are back up.

[antimater]

User page still down for me. Possibly another problem with cloudflare ? Still submitting shares fine .

[Androidicus]

Came back showing 0 hashrate but miners still connected and getting work...

Now Offline|504 error is back... Front-end problem only hopefully?

[gtraah]

Error 500
Houston, we have a problem

There's something broken on the server. We've deployed our army of trained monkeys to fix it ASAP.




^^^^^

This has been happening on and off for the last 4 hours which is when I was checking... possibly more but this is when  noticed it

[Androidicus]

Mmm... Now back up AND showing hashrate on the circular meter... all's well that ends well?

[gtraah]

Mmm... Now back up AND showing hashrate on the circular meter... all's well that ends well?

Nope not showing no hashrate for me on that circular thing ARGHH!

.. Im going on vacation for almost 2 weeks, . I decided to give Clever a shot for 2 weeks straight, Lets see if the left over hashrate on the end of each pay gets better over time... Im not used to having 0.02-0.03 left over (Unexchanged) after each pay thats why I start mining here - then 2 days later I get over it and I leave the pool for another which does not do this and has less rejects, I use who ever has the best average 0.00mh last 7 days and clever had just by a fraction... funny though my daily payouts are larger in the other pool because most of it gets exchanged, not sure about the payout/trading system here or how it works, anyways lets see what happens if I leave it going for days n days straight maybe I am not giving it enough time..

cubye

[peter18vb6]

Would it be possible develop an alert from CM when we have hourly spikes in profitability? I ask because leasing a rig for extra hash power would make that lease instantly profitable.

For instance, today -June 3rd- CM had brief but enormous spikes in profitability:
http://www.clevermining.com/profits/24-hours

Hour 13 231% profit over litecoin
Hour 14 301% profit over litecoin

If I had known these spikes were happening in almost real time, I could have leased a rig for an hour, and while I wouldn't have had the full % benefit, I would have made some extra BTC. After the spike was gone / lease was up, I would continue hashing away with only my equipment, business as usual. Would this work or is it too volatile? Is the mining/trading of profitable coin only calculable after all transactions are complete?

Does this make sense to anyone else or am I dreaming about flying unicorns again?  

I already made a small script that checks the website once an hour and sends me an email with the website to rent rigs if the profitability is high enough

[JHammer]

Would it be possible develop an alert from CM when we have hourly spikes in profitability? I ask because leasing a rig for extra hash power would make that lease instantly profitable.

For instance, today -June 3rd- CM had brief but enormous spikes in profitability:
http://www.clevermining.com/profits/24-hours

Hour 13 231% profit over litecoin
Hour 14 301% profit over litecoin

If I had known these spikes were happening in almost real time, I could have leased a rig for an hour, and while I wouldn't have had the full % benefit, I would have made some extra BTC. After the spike was gone / lease was up, I would continue hashing away with only my equipment, business as usual. Would this work or is it too volatile? Is the mining/trading of profitable coin only calculable after all transactions are complete?

Does this make sense to anyone else or am I dreaming about flying unicorns again?  

I already made a small script that checks the website once an hour and sends me an email with the website to rent rigs if the profitability is high enough

I doubt those spikes are even legitment or correct..    And are you 100% sure what your seeing at any given time is what you would be making at that given time?  I doubt they are as "Real Time" as you think..

[byt411]

Would it be possible develop an alert from CM when we have hourly spikes in profitability? I ask because leasing a rig for extra hash power would make that lease instantly profitable.

For instance, today -June 3rd- CM had brief but enormous spikes in profitability:
http://www.clevermining.com/profits/24-hours

Hour 13 231% profit over litecoin
Hour 14 301% profit over litecoin

If I had known these spikes were happening in almost real time, I could have leased a rig for an hour, and while I wouldn't have had the full % benefit, I would have made some extra BTC. After the spike was gone / lease was up, I would continue hashing away with only my equipment, business as usual. Would this work or is it too volatile? Is the mining/trading of profitable coin only calculable after all transactions are complete?

Does this make sense to anyone else or am I dreaming about flying unicorns again?  

I already made a small script that checks the website once an hour and sends me an email with the website to rent rigs if the profitability is high enough

I doubt those spikes are even legitment or correct..    And are you 100% sure what your seeing at any given time is what you would be making at that given time?  I doubt they are as "Real Time" as you think..

That is a bug or something. Also, even if profitability spikes, that does not mean you will get the same profitability next hour. Unless it's a coin being pumped. Usually it's just luck, so getting an alert and renting rigs makes no difference whatsoever.

[peter18vb6]

Would it be possible develop an alert from CM when we have hourly spikes in profitability? I ask because leasing a rig for extra hash power would make that lease instantly profitable.

For instance, today -June 3rd- CM had brief but enormous spikes in profitability:
http://www.clevermining.com/profits/24-hours

Hour 13 231% profit over litecoin
Hour 14 301% profit over litecoin

If I had known these spikes were happening in almost real time, I could have leased a rig for an hour, and while I wouldn't have had the full % benefit, I would have made some extra BTC. After the spike was gone / lease was up, I would continue hashing away with only my equipment, business as usual. Would this work or is it too volatile? Is the mining/trading of profitable coin only calculable after all transactions are complete?

Does this make sense to anyone else or am I dreaming about flying unicorns again?  

I already made a small script that checks the website once an hour and sends me an email with the website to rent rigs if the profitability is high enough

I doubt those spikes are even legitment or correct..    And are you 100% sure what your seeing at any given time is what you would be making at that given time?  I doubt they are as "Real Time" as you think..

Ofcourse it is not reliable but it is worth checking if anything interesting is going on with the coins. I'm just trying things out as I actually never even seen these spikes lol. This way I can see every spike and maybe get something out of them. Maybe I can figure something out maybe its a waste of time but I'm willing to throw away 30 minutes and atleast try.

[glon]

90% LTC profitability? Can anyone explain why one should stay with this pool and not straight mine LTC currently? No flaming, thanks!

[Androidicus]

Error 500
Houston, we have a problem

There's something broken on the server. We've deployed our army of trained monkeys to fix it ASAP.

And here we are again...

[byt411]

90% LTC profitability? Can anyone explain why one should stay with this pool and not straight mine LTC currently? No flaming, thanks!

Variance. I will not repeat this again.

Error 500
Houston, we have a problem

There's something broken on the server. We've deployed our army of trained monkeys to fix it ASAP.

And here we are again...

I've contacted Terk.

[Terk]

Our website server and database is keep having issues all day long. I'm sorry for this and I'm fighting these problems all the time. It may cause website to go down or don't show stats from the last hours. Then when it gets synced again it will show all data for this time.

Mining is totally not affected and everything is working fine here. The core database is not connected to the website and it's collecting all your shares and stats. It's only website database having problems. I hope I'll be able to resolve this issue soon.

[Terk]

90% LTC profitability? Can anyone explain why one should stay with this pool and not straight mine LTC currently? No flaming, thanks!

Because LTC pools also have days with as low as 50-70% LTC profitability. You don't ever get straight 100.00000000%, ever. There's always some bad or good luck.

Most single-coin pools simply don't show such stats. But some of them do. Just an example from straight BTC pool stats: https://www.btcguild.com/index.php?page=pplns - at the very bottom of the page they show their results over several time spans which are (at the moment when I write this):

24H: 74.669%
3D: 93.416%
1W: 96.422%
2W: 95.940%
1M: 95.391%
3M: 89.551%
All Time: 98.219%

This shows that 75% day is perfectly normal even for a large pool which has 10-15% of total network hashrate.

In the long term mining straight LTC will give 98-99% LTC profitability (it won't be 100% because of orphans, etc). There will be days with 70% and days with 130%, but in the long term it will be just slightly below 100%, like 98-99%.

When you're mining at CleverMining, part of your hashrate goes to mining LTC and part of your hashrate goes to mining other coins (because not always there are other coins more profitable than LTC). That LTC part will generate ~98% in the long term just as if you were mining on a straight LTC pool. That other-coins part will generate >98% in the long term. The combined and final result is our 106% LTC profitability over the last 30 days compared to ~98% which you can expect at a straight LTC pool, so it's 8% better. And this is your reason to stay at CleverMining.

[chadwickx16]

90% LTC profitability? Can anyone explain why one should stay with this pool and not straight mine LTC currently? No flaming, thanks!

Because LTC pools also have days with as low as 50-70% LTC profitability. You don't ever get straight 100.00000000%, ever. There's always some bad or good luck.

Most single-coin pools simply don't show such stats. But some of them do. Just an example from straight BTC pool stats: https://www.btcguild.com/index.php?page=pplns - at the very bottom of the page they show their results over several time spans which are (at the moment when I write this):

24H: 74.669%
3D: 93.416%
1W: 96.422%
2W: 95.940%
1M: 95.391%
3M: 89.551%
All Time: 98.219%

This shows that 75% day is perfectly normal even for a large pool which has 10-15% of total network hashrate.

In the long term mining straight LTC will give 98-99% LTC profitability (it won't be 100% because of orphans, etc). There will be days with 70% and days with 130%, but in the long term it will be just slightly below 100%, like 98-99%.

When you're mining at CleverMining, part of your hashrate goes to mining LTC and part of your hashrate goes to mining other coins (because not always there are other coins more profitable than LTC). That LTC part will generate ~98% in the long term just as if you were mining on a straight LTC pool. That other-coins part will generate >98% in the long term. The combined and final result is our 106% LTC profitability over the last 30 days compared to ~98% which you can expect at a straight LTC pool, so it's 8% better. And this is your reason to stay at CleverMining.

Thank you Terk for this prime example of variance!!

[glon]

90% LTC profitability? Can anyone explain why one should stay with this pool and not straight mine LTC currently? No flaming, thanks!

Because LTC pools also have days with as low as 50-70% LTC profitability. You don't ever get straight 100.00000000%, ever. There's always some bad or good luck.

Most single-coin pools simply don't show such stats. But some of them do. Just an example from straight BTC pool stats: https://www.btcguild.com/index.php?page=pplns - at the very bottom of the page they show their results over several time spans which are (at the moment when I write this):

24H: 74.669%
3D: 93.416%
1W: 96.422%
2W: 95.940%
1M: 95.391%
3M: 89.551%
All Time: 98.219%

This shows that 75% day is perfectly normal even for a large pool which has 10-15% of total network hashrate.

In the long term mining straight LTC will give 98-99% LTC profitability (it won't be 100% because of orphans, etc). There will be days with 70% and days with 130%, but in the long term it will be just slightly below 100%, like 98-99%.

When you're mining at CleverMining, part of your hashrate goes to mining LTC and part of your hashrate goes to mining other coins (because not always there are other coins more profitable than LTC). That LTC part will generate ~98% in the long term just as if you were mining on a straight LTC pool. That other-coins part will generate >98% in the long term. The combined and final result is our 106% LTC profitability over the last 30 days compared to ~98% which you can expect at a straight LTC pool, so it's 8% better. And this is your reason to stay at CleverMining.

Thanks a lot for the explanation!

[bitlind]

90% LTC profitability? Can anyone explain why one should stay with this pool and not straight mine LTC currently? No flaming, thanks!

Because LTC pools also have days with as low as 50-70% LTC profitability. You don't ever get straight 100.00000000%, ever. There's always some bad or good luck.

Most single-coin pools simply don't show such stats. But some of them do. Just an example from straight BTC pool stats: https://www.btcguild.com/index.php?page=pplns - at the very bottom of the page they show their results over several time spans which are (at the moment when I write this):

24H: 74.669%
3D: 93.416%
1W: 96.422%
2W: 95.940%
1M: 95.391%
3M: 89.551%
All Time: 98.219%

This shows that 75% day is perfectly normal even for a large pool which has 10-15% of total network hashrate.

In the long term mining straight LTC will give 98-99% LTC profitability (it won't be 100% because of orphans, etc). There will be days with 70% and days with 130%, but in the long term it will be just slightly below 100%, like 98-99%.

When you're mining at CleverMining, part of your hashrate goes to mining LTC and part of your hashrate goes to mining other coins (because not always there are other coins more profitable than LTC). That LTC part will generate ~98% in the long term just as if you were mining on a straight LTC pool. That other-coins part will generate >98% in the long term. The combined and final result is our 106% LTC profitability over the last 30 days compared to ~98% which you can expect at a straight LTC pool, so it's 8% better. And this is your reason to stay at CleverMining.

I feel like I need to mention, Terk has stated this, and other multipool operators have said as much.  Plain and simple, variance is there with every pool.  Maybe Terk, you could add these explanations not only on the forum first page but also on the site.  Apparently this explanation, which i completely understand, escapes some.

[ZeroClient]

Does someone care to explain me. I would appreciate it.

Yesterday I did 2 small investments.

Code:

First investment: 0.10254649 (4102.17 GH was sent to clevermining)
Second investment: 0.113 (4910.24 GH was sent to clevermining)
Total investment: 0.21554649 (it was around € 105)

The first investment gave me a total profit/expected of: 0.11266216. This is a profit of 0.0101 (about 10% profit)
I got one payout of  0.11231340 (June 6, 2014 1:31am), I expected that this is my return of investment of my first investment.

After I woke up, now my current balance is this:

Code:

Immature: 0.00028941 BTC
Unexchanged: 0.00213671 BTC
Ready For Payout: 0.05809309 BTC
Total Expected: 0.06051921 BT
Total Profits: 0.17283261 BTC

Since my second investment was bigger than my first one, I would not expect a loss of 0.113 - 0.06051921 = 0,05248079.
Basicly my full loss would then be 0.21554649 - 0.17283261 = 0.04271388 (~ 20.68 €);
So I lost € 20.68 from 105.xx €, which is a 20% loss.

FYI:

Code:

http://clevermining.com/users/1Jon4S6tPpudaqvBXY8vCwsFbrztk7Ph4f