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.
Of course we mine LTC always when there are no more profitable coins and/or we put some portion of our hashrate into LTC if more profitable coins can't handle all our hashrate. Your question was answered numerous times and the best answers are probably these two:
https://bitcointalk.org/index.php?topic=448649.msg5808056#msg5808056https://bitcointalk.org/index.php?topic=448649.msg7155326#msg7155326Im sorry I just don't believe you. Mining at 0.00022 BTC/MH on some hours and you say your pool can't see this and switch to LTC?
Ghash.io shows real time stats and if a coin is better than LTC it mines it, if theres nothing better than LTC, it mines LTC!! I have never seen it mine anything below LTC and below 100% of LTC. Your answers are feeble and just deliberetly confusing. Its nothing to do with chance, its to do with real time statistics and making decisions based on those decisions.
My answers are trying to explain how mining works to people who don't understand it. You can try to understand it or you can choose to don't believe, but this isn't something I made up, this is how mining works.
There is no pool in the world which didn't go below 100% theoretical profitability in any timespan. It's not possible, it's simple math. GHash's stats don't show you your actual profitability but theoretical numbers which have nothing to do with actual earnings. In fact it's really hard to tell how much you earn per MHs/day from their stats. You need to wait for several days payout to compare and see that you earn significantly less with them than at CM.
This might be an issue with some chips in your ASIC miner failing when we switch coins fast. Please take a look here and it might help you:
https://bitcointalk.org/index.php?topic=448649.msg7360436#msg7360436