First post on here so forgive my stupidity.
Been on CM for about 14 days now. Payouts seem to be regular and earnings consistent.
A shame the BTC per MH/s has dropped massively over last month but I guess thats the result of the ASICs flooding the scene.
My question is this
CM mines the most profitable coin in comparison to LTC, right?
So say LTC is paying 0.007 BTC/MH per day then CM will look for a better coin to mine to exceed that said 0.007 BTC?
So why the hell when no coin is available with a higher payout % doesn't CM just mine LTC instead of dropping the payout to something like 40% of LTC?
Am I missing the absolute obvious? Please shine some light, I would be so grateful, many thanks.
Midge
http://www.clevermining.com/users/1MjbHQ9YY3CGNsmyPTCC5vpXtVGtwsNLTg[edit] If you wondering why I have such high rejects, its because my 26MH/s HASHRA sucks and is being shipped back to china on Monday, its faulty.
Roll on when my 10 x 14MH/s miners turn up, bloody hope they make back the £7500 I have spent!!! 3 year ROI anyone? eeeek!
This is addressed on nearly every page in this thread. The short version is: VARIANCE.
Slightly longer version: you wouldn't get 100% LTC profitability if you mined only LTC - due to pool fees, orphans etc. Furthermore, due to the random nature of mining (i.e. luck) you would have days significantly below 100% as well as above. In other words if CM is doing >= 98% LTC profitability it's already beating LTC-only mining, and you can see it's been above 100% quite consistently:
http://clevermining.com/profitsI don't think it ever was at 40% LTC though.
Now for the really bad news enter your numbers here:
https://bitcoinwisdom.com/litecoin/calculatorTry 5% difficulty increase (optimistic) and then 10% (less optimistic)