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

[Terk]

Additional payout has just been sent.

[XxEnigmaticxX]

Additional payout has just been sent.

hey terk, you make any head way in transferring my btc from one address to another?

[edonkey]

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.

Thanks for taking care of this Terk. I got the payout.

[BiTrading]

Why did they put users list down? Anyone know a workaround to still view the users list? Thanks in advance

[mstrongbow]

Why did they put users list down? Anyone know a workaround to still view the users list? Thanks in advance

Terk mentioned it was slowing the server down so he took it offline.

[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.

the users list is useful and wanted please put it back up

[papoboy]

No payout today?

[edonkey]

The CM website appears to be offline. As a result I can't check my specs.

I see nothing unusual with my rigs. They are submitting shares to CM as usual. But it would be reassuring to be able to see the pool side specs.

Terk, thanks in advance for taking a look.

[willey]

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

http://s27.postimg.org/g62si81wf/404.jpg

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.

the users list is useful and wanted please put it back up

Me too can't find my user. Am new to the pool. am using CPU miner. I got 2 accepted shares after an hour of mining. When I find my user on the user list.It shows 404 error. whether the site is down?

[willey]

Hi i just went inside clever mining through google. I want to know what are all the coins present in the pool and how you are automatically exchange to Bitcoins. In the homepage its shows LTC profitability. Its confusing for me to proceed further.. Can u please explain clearly?. Am just to new to this. I have more miners that I want to point towards the Pool.

[Don007]

Hi i just went inside clever mining through google. I want to know what are all the coins present in the pool and how you are automatically exchange to Bitcoins. In the homepage its shows LTC profitability. Its confusing for me to proceed further.. Can u please explain clearly?. Am just to new to this. I have more miners that I want to point towards the Pool.

I think I can explain it. Clevermining mines the current most profitable coin and automatically converts the rewards (of the mining) to BTC (Bitcoin). It has its own way to choose which coin is the most profitable, but you can check for example http://www.coinwarz.com/cryptocurrency to see which coin is the most profitable currently.

The homepage does indeed shows the LTC profitability. If for example you read "120% LTC Profitabilty", this means that you've earned 20% more BTC than you would earn if you would directly mine LTC and sell them for BTC. 100% LTC profitability means that you've earned the exact same amount of BTC as you would as you had mined LTC (and directly sold it for BTC).

[cgladue]

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.

id have to disagree with you terk, if this is the case then your mix of coins is not adequate for the users you support and you are doing them a disservice...  i have written my own coin-switching software that i use for my personal use and never once EVER has the profitability of LTC been the best.  Perhaps this is because your just too big to mine these smaller more profitable coins, in which case i can think of several ways to take advantage of them and increase the profitability of your users, or you just dont keep up to date on coin launches and/or new exchanges that offer better prices...

[cgladue]

Hi i just went inside clever mining through google. I want to know what are all the coins present in the pool and how you are automatically exchange to Bitcoins. In the homepage its shows LTC profitability. Its confusing for me to proceed further.. Can u please explain clearly?. Am just to new to this. I have more miners that I want to point towards the Pool.

I think I can explain it. Clevermining mines the current most profitable coin and automatically converts the rewards (of the mining) to BTC (Bitcoin). It has its own way to choose which coin is the most profitable, but you can check for example http://www.coinwarz.com/cryptocurrency to see which coin is the most profitable currently.

The homepage does indeed shows the LTC profitability. If for example you read "120% LTC Profitabilty", this means that you've earned 20% more BTC than you would earn if you would directly mine LTC and sell them for BTC. 100% LTC profitability means that you've earned the exact same amount of BTC as you would as you had mined LTC (and directly sold it for BTC).

lol coinwarz.com is the morgue of the cryptocurrency world ... if you are basing your profitability decisions on that website your already behind the eightball. 

But if you dont have any other way of making your decision, at least then realize that your profitability could be MUCH better once you can calculate your own profitability numbers on your own.

[jjj0923]

so for the last 24 hours they're at 87% LTC profitability - which is why I'm glad I mine LTC at ltcrabbit.com

[rodeoclownicp]

Hi i just went inside clever mining through google. I want to know what are all the coins present in the pool and how you are automatically exchange to Bitcoins. In the homepage its shows LTC profitability. Its confusing for me to proceed further.. Can u please explain clearly?. Am just to new to this. I have more miners that I want to point towards the Pool.

I think I can explain it. Clevermining mines the current most profitable coin and automatically converts the rewards (of the mining) to BTC (Bitcoin). It has its own way to choose which coin is the most profitable, but you can check for example http://www.coinwarz.com/cryptocurrency to see which coin is the most profitable currently.

The homepage does indeed shows the LTC profitability. If for example you read "120% LTC Profitabilty", this means that you've earned 20% more BTC than you would earn if you would directly mine LTC and sell them for BTC. 100% LTC profitability means that you've earned the exact same amount of BTC as you would as you had mined LTC (and directly sold it for BTC).

you know what is kinda confusing for me though, if u back date a calculator so that is uses the actual difficulty increase of lightcoin and run it to present the actual payout is exactly the same as if only ltc was mined.... how is that possible? wouldnt it be over from the times that more profitable coins were used?

[jjj0923]

you folks should take a look at:

http://poolpicker.eu/

what you see is that it's pretty darn tough to beat straight LTC mining.

[Terk]

Exchanging and accounting scripts had some hiccup yesterday and only part of yesterday's coins was marked as exchanged before the payout. All of this will be paid along with today's payout.

[Terk]

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.

id have to disagree with you terk, if this is the case then your mix of coins is not adequate for the users you support and you are doing them a disservice...  i have written my own coin-switching software that i use for my personal use and never once EVER has the profitability of LTC been the best.  Perhaps this is because your just too big to mine these smaller more profitable coins, in which case i can think of several ways to take advantage of them and increase the profitability of your users, or you just dont keep up to date on coin launches and/or new exchanges that offer better prices...

This was a shortcut to don't get into too much confusing details. We split hashrate among several coins, but some small coins can only accommodate very little hashrate. If we have 20 GH/s and we put 1 GH/s into coin A, 2 GH/s into coin B and 5 GH/s into coin C, then we still have 12 GH/s which we need to put into LTC if it's the fourth most profitable coin. So perhaps I should write “because not always there are other coins more profitable than LTC and which can take all of our hashrate”.

[Terk]

so for the last 24 hours they're at 87% LTC profitability - which is why I'm glad I mine LTC at ltcrabbit.com

Well, you shouldn't be. When was the last time you checked ltcrabbit's (or any other pool) straight LTC actual profitability?

Explaination: https://bitcointalk.org/index.php?topic=448649.msg7155326#msg7155326

[chadwickx16]

cgladue, Unless you can show that your method is automated and ready for public use, your facts are of no use.