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

[wolf_miner]

Hi, user page is not available, what happened?

Thanks in advance W_M

[suchmoon]

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

What the hell is an "investment"?  

Did you rent a rig? Did both rentals occur at the exact same time? I think you are seeing variance and generally pointing rentals at a multipool is a bad idea. If it's not a rental please explain this investment concept.

[ZeroClient]

What the hell is an "investment"?  

Did you rent a rig? Did both rentals occur at the exact same time? I think you are seeing variance and generally pointing rentals at a multipool is a bad idea. If it's not a rental please explain this investment concept.

I didn't rent a rig, I bought hashing power (at max 2.1 BTC/GH/DAY). Since my second investment was bigger, I wouldn't expect a loss of 20%. Do you mean with variance that there was a sudden drop when I launched my second order?
They didn't occur at the exact same time (difference was about 10 hours).
Why is pointing a rented rig to a multipool a bad idea?

So basically, I need to find hashing power which costs less than 0.00170 BTC/Day/MHs by average and generally?

[Terk]

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

I assume that by investment you mean renting rigs.

Mining has a huge variance and coin-switch mining has even bigger differences in hour-to-hour results. As you can see from hourly chart http://clevermining.com/profits/24-hours there are hours with as low as 30% LTC profitability and as high as 200% LTC profitability. You will get results equal to daily averages only if you are mining consistently - full 24 hours with exactly the same hashrate.

As you were mining only in some periods of time, you got profits only from these periods. While your first investment happened to be during good hours, your second was during bad hours. Here's a table of all your hashrate along with BTC/MHs/day

Code:

| username                           | day        | hour | acceptedMHs   | BTCperMHsDayAccepted |
+------------------------------------+------------+------+---------------+----------------------+
| 1Jon4S6tPpudaqvBXY8vCwsFbrztk7Ph4f | 2014-06-05 | 06   |  103.25793906 |           0.00132264 |

| 1Jon4S6tPpudaqvBXY8vCwsFbrztk7Ph4f | 2014-06-05 | 09   |  312.88036921 |           0.00162600 |
| 1Jon4S6tPpudaqvBXY8vCwsFbrztk7Ph4f | 2014-06-05 | 10   |  663.49565724 |           0.00295080 |
| 1Jon4S6tPpudaqvBXY8vCwsFbrztk7Ph4f | 2014-06-05 | 11   |  128.35343929 |           0.00076992 |

| 1Jon4S6tPpudaqvBXY8vCwsFbrztk7Ph4f | 2014-06-05 | 21   |  198.83791701 |           0.00179328 |
| 1Jon4S6tPpudaqvBXY8vCwsFbrztk7Ph4f | 2014-06-05 | 22   |  376.40423196 |           0.00067824 |
| 1Jon4S6tPpudaqvBXY8vCwsFbrztk7Ph4f | 2014-06-05 | 23   |  751.66356821 |           0.00110832 |

| 1Jon4S6tPpudaqvBXY8vCwsFbrztk7Ph4f | 2014-06-06 | 12   |  253.73121650 |           0.00129840 |
| 1Jon4S6tPpudaqvBXY8vCwsFbrztk7Ph4f | 2014-06-06 | 13   | 1100.68993593 |           0.00225960 |

I splitted it into “sessions”. You probably had some trial at 06 hour, then your first investment was during good hours and you sent most of your hashrate during hour with 0.0029 BTC profitability.

Your second session/investment was during less lucky hours and profits were much worse.

I highlighted the period of your second session on hourly profitability chart:



If you were mining just couple hours later, you would have hit the record hours.

There's no way to predict when there will be bad or good hours so mining in a random period of time is basically gambling. You can get results equal to daily averages only if you're mining consistently all the time (which is what I recommend of course).

[Terk]

Hi, user page is not available, what happened?

Thanks in advance W_M

Everything's working for me. What's your username?

[suchmoon]

What the hell is an "investment"?  

Did you rent a rig? Did both rentals occur at the exact same time? I think you are seeing variance and generally pointing rentals at a multipool is a bad idea. If it's not a rental please explain this investment concept.

I didn't rent a rig, I bought hashing power (at max 2.1 BTC/GH/DAY). Since my second investment was bigger, I wouldn't expect a loss of 20%. Do you mean with variance that there was a sudden drop when I launched my second order?
They didn't occur at the exact same time (difference was about 10 hours).
Why is pointing a rented rig to a multipool a bad idea?

So basically, I need to find hashing power which costs less than 0.00170 BTC/Day/MHs by average and generally?

Ok, nicehash or some other place like that? Same thing as renting a rig, just slightly different method.

Terk already explained variance with pictures and everything.

By "bad idea" I mean that most if not all hash/rig rental providers are expecting higher income from renters/buyers like you. Or to put it another way, if making money from a multipool was so easy then why would someone sell the hashrate to you, they could just use the multipool themselves and save the fees.

So yes, the only way you could possibly make money this way is if you could rent/buy hashrate at below 90% of LTC profitability, at 0.0014-0.0015 per MH/s currently. Since that is improbable, you may want to look for other mining options e.g. small/new coins that multipools can't mine.

[Terk]

Why is pointing a rented rig to a multipool a bad idea?

This is not the case, it's not related to multipools. Pointing a rented rig to any pool for only a very short amount of time is a bad idea (unless the pool is mining only low-difficulty coins and does not have significant variance). You can hit 30% profitability hour in an straight-LTC pool as well (as I explained it here: https://bitcointalk.org/index.php?topic=448649.msg7155326#msg7155326).

Renting rigs/hashrate makes sense in three cases:

- you have long-term renting agreeement at the price lower than long-term profit average at a pool which you want to point your rig to. Anything short term will be more gambling than mining as explained in my previous post.

- you are mining some very new and fresh coins which coin-switch pools don't mine (because these coins are not on any exchanges yet) hoping that they'll be worth something soon. Do I need to mention that this is even more gambling than mining?

- you want to entertain yourself because mining/gambling is cool and renting hashrate is easier/quicker than buying and running a rig.

[SBMiner]

Hey Terk,

I stopped mining Scrypt as it is no longer profitable with GPU, I still have few millibits in my account at Clever which are unexchanged for about 3 weeks.
Is it possible to withdraw them somehow?

User is 14tktFjKVYmMMAEBL4n6mbh4nxvMc1KCrs

Thanks in advance.

[wolf_miner]

Hi, I can't access USER section because the site answer with 404 Error 



Thanks in advance W_M

[Terk]

Hey Terk,

I stopped mining Scrypt as it is no longer profitable with GPU, I still have few millibits in my account at Clever which are unexchanged for about 3 weeks.
Is it possible to withdraw them somehow?

User is 14tktFjKVYmMMAEBL4n6mbh4nxvMc1KCrs

Thanks in advance.

If this is not orphaned (there were some crazy forks at that time of some pumped coins and not all of them were accounted automatically), it will be exchanged and paid automatically eventually. I need to sort through these unexchanged blocks manually.

[Terk]

Hi, I can't access USER section because the site answer with 404 Error 



Thanks in advance W_M

List of all users was disabled because of performance reasons. I replaced this page with username search so there won't be any broken link from now on. You need to enter your username into the input field and then go to your user stats page.

[Terk]

How is the issue with “Rejected untracked stratum share” after we launched the new stratum (a week ago)? Did these errors and fake rejects disappeared?

[Xenocyde]

How is the issue with “Rejected untracked stratum share” after we launched the new stratum (a week ago)? Did these errors and fake rejects disappeared?

Yes, they disappeared. I'm just getting around 1% job not found rejects now.

I'm also experimenting with X13 multipool at TradeMyBit these days. I'm getting more then 10% rejects there, but profitability is clearly higher. Around 0.006 BTC/day for 1400 MH/s Normalized Scrypt.

[brokney]

I put my miners on another pool temporarily and came back to check my stats here. My last payout was 5 days ago and there are still Immature and Unexchanged coins showing for my worker from 6 days ago. They are preventing me from getting paid. WTH is going on with that?

[Xenocyde]

I can confirm that my unexchanged and immature haven't been modified in 3 days, but we'll all get payed tonight so I guess it's OK.

[PJSantos100]

Hi Guys , i dont know if its me or if its the site , but i can not understand how can i start and also i can not find any contact email.... Any experience guy can help a really confused user? (me) ahaha..

Thanks

[byt411]

Hi Guys , i dont know if its me or if its the site , but i can not understand how can i start and also i can not find any contact email.... Any experience guy can help a really confused user? (me) ahaha..

Thanks

Very easy, and you should've found this link:
http://www.clevermining.com/start

[rodeoclownicp]

Hi, I can't access USER section because the site answer with 404 Error 



Thanks in advance W_M

List of all users was disabled because of performance reasons. I replaced this page with username search so there won't be any broken link from now on. You need to enter your username into the input field and then go to your user stats page.

are you going to put it back??? i liked it

[edonkey]

Unexchanged seems to be piling up. I would have expected a payout by now, but the unexchanged is high.

[Terk]

Unexchanged seems to be piling up. I would have expected a payout by now, but the unexchanged is high.

The problem was at Bitcoin network as it had 6 blocks during 2.5h instead of the usual 1h. We make last withdrawals from exchanges roughly 2h before the payout and we wait for six confirmations and the unfortunate delay in Bitcoin blocks caused our payout not catching with withdrawals from exchanges.

I am running additional payout in five minutes from now to include all balances which weren't included in the usual payout at 1:30am so everyone should get paid as expected.