Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Hotsauce
on 15/02/2014, 15:54:59 UTC
FWIW, just as an alternate opinion on this issue, I don't require any of this kind of transparency at all to point my hashes at clevermining. I also don't need a well-designed website. I have hashed at middlecoin and at wafflepool and their pedestrian websites don't put me off at all. I do not care what coin the pool is mining at any given time. I really only care about maximizing my profit and I don't need @Terk to tell me how he is doing that as long as he is actually doing it. I also don't care what his fees are. If his fees are literally 5 times higher than the fees at middlecoin or wafflepool, but I am still banking more coin to my wallet, then I am happy to pay those fees. In my reality, there is no such thing as "fair" fees. If @Terk figures out how to get me more coins for my hashrate than I can get elsewhere, then he can charge me whatever he wants to put more coins in my wallet than I can get elsewhere.

The only transparency that I need is as follows:

1. The indisputable and irreversible BTC deposits into my wallet should match up with the claimed stats on the website
2. Nobody else who is mining at the pool should be reporting discrepancies in what they are actually being paid

For me, the reason that I am currently hashing at clevermining is that from the care of design of his website and from his responsiveness in this thread, I believe that @Terk is putting in a good-faith effort to create a more profitable pool and based on the quality of his work that I have seen so far, I think it is possible/probable that he may be better at it than others. But I will switch to another pool as soon as I don't believe that anymore.

So far, for me the results are still inconclusive. On the plus side the reported history of profitability looks to me a bit better than middlecoin and a fair bit better than wafflepool, though I don't think there is enough history yet for that to be conclusive. My own experience is that my daily earnings at clevermining have been roughly on par with my daily earnings at middlecoin - within the statistical noise that mining is. But that is also not conclusive to me because I haven't mined long enough at either pool to get past the statistical noise.

I'm not saying that you are not correct for yourself and others requiring the kind of transparency that you are asking for in order for clevermining to gain more hashers. You might be totally right about that. I'm just saying that that is not true for me. Given the ease of pointing one's miner at another pool at a moment's notice, I just utterly fail to see how @Terk could possibly be taking advantage or scamming anyone. As long as the payouts are hitting miner's wallets, I just don't see any space available for ripping anyone off. And obviously the moment the payouts are not happening, or are not competitive, it will be completely obvious to everyone and there will instantly be no more clevermining.

At absolute BEST, @Terk might be able to walk away with one day's take before everyone left. My guess is not even that. And given what he has obviously invested in sweat so far, my judgement is that he has much more financial incentive to make the results as competitive as possible and pull in his percentage for the long haul.

That's my 2c.

Very well said, don't get me wrong - I agree 100%. Personally, I am more than happy with CleverMining the way it is and love the site. It just pains me to see other new pools have such success and achieve over 1GH/s in a short amount of time while CleverMining struggles to get to 800 MH/s, even though I feel CM deserves the more hash.

The points I mentioned were simply the only reasoning I could come up with when thinking what it is these other pools have that CM doesn't...