Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
inedenimadam
on 05/03/2014, 17:58:02 UTC
profits should never be below litecoin, WTF?, surely a default switch to litecoin should be mandatory if profits of other alt coins drop below litecoin profit?

The coin being mined is a prediction of future profit. There's many factors involved.
Variance and bad luck in general can make this prediction incorrect. Thus profit drops below LTC level.
There's quite a bit of latency between the choice of mining a coin and receiving BTC in the end after finding a block and finally trading it.

Good answer.  I have said it before, and I will say it again;  Terk has been running hard the past few days/weeks with his little pool blowing up.  He has seen his user base expand by a power of 10x, he has had DDoS attacks, opened new worldwide servers, delt with a tanking market, all while dealing with people that cant enter their BTC address in their user name.  Lets give Terk a few days to let the dust settle, before we start trying to pin the decline of the altcoin on his pool.