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

[byt411]

Hello Terk, I don't understand,  how you are calculating the LTC profitability, currently it shows 116% LTC Profitability and 0.00098 BTC per day per MH/S, I don't understand the calculation, Please anyone explain me. Thanks in advance...

It's quite simple, you know. LTC Profitability is at 0.0009494BTC/MHs/Day. What don't you understand?

[cgladue]

Pools that change coins cause stops and starts as new work is issued based on the coin that appears to be the most profitable and this will show as a lower hashrate because you are changing work (blocks).

I'd also say, that this is the main problem.

It works like this:
The miner is working on a coin, while the pool already switched to another coin. The miner submits the done work to the pool and the pool answers: "Don't give me these results, they are no longer valid, because we are already working on another coin", throws it into the bin, and the submitted work is not counted for your REAL hashrate (the "pool-hashrate"). That explains the difference between what the mining-software shows and what the clevermining-website displays.

I'd say, if a switching-pool could/would solve this problem, the profits would be much higher. Why not let the miner still submit his work for the other coin, counting that as valid, and after that giving him work for the new coin? That should be solvable technically somehow, right?

Edit: If you see this behaviour, that also explains, why setting a high difficulty is not always the best solution. The same goes for the length of the work queue. Though the miner can work better, it takes longer to solve the work, and if the pool switched over to another coin in the meantime, before the miner could submit the results, even the best results don't count. With Vardiff it is the same problem. Vardiff continously adjusts to the possible hashrate of the miner. If you have a monster machine, it sets the share-difficulty high, and when the pool switches over to the next coin, before the work-results were submitted, all is lost and Vardiff then has to readjust. So if the pool switches often, you can really lose quite a lot of your possible profit.
Again, all switching pools should really work out a solution, that allows miners to deliver their work for the previously mined coin first and count that as valid, even if the pool already switched to the next, more profitable, coin.

there are some other multipools (it appears not this one) that will still accept shares for blocks on a different coin so this isnt always the case and varies by the pool.  this is also why on those other pools its best to still submit stale shares since sometimes (most actually) they will get accepted

[cokeman2]

hello

everyone this might have been answered before ,been mining here for 137 days ......i don't see the point of mining any-more with my 2.2MH/s with litecoin  getting more difficulty with the per MH/s rate dropping every day.

so what should i do  invest more (gridseed) ? or just stop as the power bill is more than profit these days

thanks

[chadwickx16]

hello

everyone this might have been answered before ,been mining here for 137 days ......i don't see the point of mining any-more with my 2.2MH/s with litecoin  getting more difficulty with the per MH/s rate dropping every day.

so what should i do  invest more (gridseed) ? or just stop as the power bill is more than profit these days

thanks

So you have 2.2MH of GPU's?

[cokeman2]

hello

everyone this might have been answered before ,been mining here for 137 days ......i don't see the point of mining any-more with my 2.2MH/s with litecoin  getting more difficulty with the per MH/s rate dropping every day.

so what should i do  invest more (gridseed) ? or just stop as the power bill is more than profit these days

thanks

So you have 2.2MH of GPU's?

yes 

[WheresWaldo]

Without going through the hundreds of pages and massive search results

Do any of you know if there is an optimized settings specific for the clevermining pool, such as queue, scan time, and all those other options?

[gtraah]

Last pay was ridiculous, the sudden drop from one day to the other seems too much to be normal

[conspirosphere.tk]

I wonder if the drop in payout is mostly due to collapsing ltc and alt price in btc or to increasing network hashrate. Any guess?

[hacky]

Hello Terk.

I have 0.03 BTC stuck in unexchanged funds for a few weeks. Can you please see what's wrong ? My account is 123ta35pH43kosWrdf8rSeFUMWsVdNzETC

Thanks !

[Flep182]

Hello Terk.

I have 0.03 BTC stuck in unexchanged funds for a few weeks. Can you please see what's wrong ? My account is 123ta35pH43kosWrdf8rSeFUMWsVdNzETC

Thanks !

You've had quite a high hashrate for a certain period (and therefor is 0.03 not really shocking as dust). Most probably these coins are remaining dust that has to be manually registered in the system after transfering.

[Flep182]

I wonder if the drop in payout is mostly due to collapsing ltc and alt price in btc or to increasing network hashrate. Any guess?

https://bitcoinwisdom.com/litecoin/difficulty

Check the 9 month graph. Between end of april and now the difficulty tripled. Plus BTC (where the payout is in) has gone up considerably in value.

[chadwickx16]

hello

everyone this might have been answered before ,been mining here for 137 days ......i don't see the point of mining any-more with my 2.2MH/s with litecoin  getting more difficulty with the per MH/s rate dropping every day.

so what should i do  invest more (gridseed) ? or just stop as the power bill is more than profit these days

thanks

So you have 2.2MH of GPU's?

yes 

I have my GPU's on X11 now. Waiting for the X11 at Clever.

[cokeman2]

hello

everyone this might have been answered before ,been mining here for 137 days ......i don't see the point of mining any-more with my 2.2MH/s with litecoin  getting more difficulty with the per MH/s rate dropping every day.

so what should i do  invest more (gridseed) ? or just stop as the power bill is more than profit these days

thanks

So you have 2.2MH of GPU's?

yes 

I have my GPU's on X11 now. Waiting for the X11 at Clever.

i heard that x11 only does a few coins and have to be on the right pools? which coins and pool?  thanks

[CrashOverride]

Seems like mining is loosing its profitability fast! 24 Mh/s will only net you about $3-$14 a day, and that will vary depending on the coin Clever mines for that day minus electric cost. That's sad when 24Mh/s wont get you much! My goal was 50 Mh/s but no seem like I will have to go around 1-5 Gh/s just to keep up. I feel sorry for those who bought the 500 Mh/s miners because by the time you get them and mine with them you might get $30-$50 a day! Lets hope for the best but seems like you will have to drop big money and keep spending big money every few months just to keep up!  

[cokeman2]

Seems like mining is loosing its profitability fast! 24 Mh/s will only net you about $3-$14 a day, and that will vary depending on the coin Clever mines for that day minus electric cost. That's sad when 24Mh/s wont get you much! My goal was 50 Mh/s but no seem like I will have to go around 1-5 Gh/s just to keep up. I feel sorry for those who bought the 500 Mh/s miners because by the time you get them and mine with them you might get $30-$50 a day! Lets hope for the best but seems like you will have to drop big money and keep spending big money every few months just to keep up!  

yes that's exactly right its always going to be a catchup game...basically we should have mined bout 15 months ago , built up heaps of coin...see the coin jump in price .....as of this time ,don't see no big gains in profit  ......which leads me to x11 is that for just one coin or for all the coins ? mind u that be only profitable to a short time as the difficulty will just sky rocket too....

the price of bitcoin has to sky-rocket which in turn will bring up the price for the altcoins ...don't see that happening either.

[surma]

hello

everyone this might have been answered before ,been mining here for 137 days ......i don't see the point of mining any-more with my 2.2MH/s with litecoin  getting more difficulty with the per MH/s rate dropping every day.

so what should i do  invest more (gridseed) ? or just stop as the power bill is more than profit these days

thanks

So you have 2.2MH of GPU's?

yes 

I have my GPU's on X11 now. Waiting for the X11 at Clever.

i heard that x11 only does a few coins and have to be on the right pools? which coins and pool?  thanks

Try this: https://bitcointalk.org/index.php?topic=671024.0

[Terk]

I'd also say, that this is the main problem.

It works like this:
The miner is working on a coin, while the pool already switched to another coin. The miner submits the done work to the pool and the pool answers: "Don't give me these results, they are no longer valid, because we are already working on another coin", throws it into the bin, and the submitted work is not counted for your REAL hashrate (the "pool-hashrate"). That explains the difference between what the mining-software shows and what the clevermining-website displays.

This isn't the case at CleverMining. When we switch to a new coin, all old work for previously mined coins is still valid and will be accepted (until there is a new block at these other coins which will obviously invalidate the work). This is the reason why you should never use --no-submit-stales at coin-switch pool. We do things the smart way and always accept work for previously mined coins. (if we didn't, rejected percentage would be an order of magnitude higher).

[Schinder75]

Are there currently problems with auto payout? I'm mining for 4 days now, not even one payout is triggered. Current balance is about 0.01 btc.
Or do I missed something like minimum payout or something else?

[UdjinM6]

Are there currently problems with auto payout? I'm mining for 4 days now, not even one payout is triggered. Current balance is about 0.01 btc.
Or do I missed something like minimum payout or something else?

Make sure it's over 0.01 or just wait till the end of the week

Btw, it's right in the OP and on About page http://clevermining.com/about

Daily Payouts with 0.01 BTC minimum payout balance.
Additional weekly payout for small balances (0.001 BTC).

[Schinder75]

Are there currently problems with auto payout? I'm mining for 4 days now, not even one payout is triggered. Current balance is about 0.01 btc.
Or do I missed something like minimum payout or something else?

Make sure it's over 0.01 or just wait till the end of the week

Btw, it's right in the OP and on About page http://clevermining.com/about

Daily Payouts with 0.01 BTC minimum payout balance.
Additional weekly payout for small balances (0.001 BTC).

Ah ok, thanks for information. I just missed it. Balance is very short under minimum payout, so it should trigger in the near future.