It is always somewhat troublesome to learn a popular mining pool is shutting down without giving users prior notice.Altcoin enthusiasts who were using the Clevermining pool will have to look for an alternative.The project has been shut down a few days ago.As of today, no one knows for sure what drove this decision.Clevermining remains quite tightlipped regarding this sudden change of heart.Clevermining Suddenly Shuts Down Over the past year or so, the pool had successfully gained a lot of traction among altcoin enthusiasts.The mining pool positioned itself as a pool supporting “smart mining”.This meant the platform automatically switches between dozens of Scrypt coins to mine the one that is most profitable at that time.All generated coins are sold through exchanges, allowing companies such as Clevermining to pay miners in Bitcoin directly.Although smart mining altcoins is not necessarily all that profitable, having a pool do all of the switching-between-currencies legwork is quite intriguing.

All users needed to do was direct their mining hardware to the Clevermining pool and enter their Bitcoin wallet address as the username.Profits were then automatically sent to that Bitcoin wallet every day.Some days were far more profitable compared to others, but that is to be expected Interestingly enough, there has been no indication of Clevermining shutting down in the future.bitcoin intel xeonThe news came as a complete surprise to altcoin miners and anyone who has ever used the pool to generate bitcoins from mining.ethereum foundationThere is no explanation as to why the decision was made either, which leaves a lot of room for speculation.bitcoin foundation redditAll servers have been halted as of April 28th, and it appears the mining pool will not come back anytime soon either.bitcoin handel in deutschland

A lot of users are quite curious to find out what has happened to Clevermining.There is no answer to this pressing question right now.It is also worth mentioning the Clevermining team was seeing some good returns from their mining operation to date.bitcoin consensus protocolIt is possible market saturation has reduced profitability to a point where operating a smart mining pool makes no more sense.bitcoin una burbujaHowever, until the company issues an official statement, we won’t know for sure what drove this decision.bitcoin sinks after chinese actionLooking at the numbers showing what the next difficulty adjustment will bring to the Litecoin network we are seeing yet another significant increase in the total network hashrate and thus the difficulty.betala med litecoin

The current prognosis is for over 7% increase in a few hours and looking at the previous difficulty adjustments we are seeing a steady increase with not so little steps lately.This trend shows that while some Scrypt ASIC manufacturers have stopped their production and cancelled future plans for new hardware others are still making and shipping hardware.bitcoin precio 2009It seems that MAT are finally shipping mining hardware, as well as Alcheminer most likely, KnC is still shipping Titans and probably Bitmain is already testing their first AntMiner L1 Scrypt ASICs as well.Looking at what is happening with Bitcoin in terms of network hashrate we are seeing that unlike Litecoin there is a slight decrease in the hashrate and thus the next network difficulty might be lower by about 1.5% or even more.This is something that we are not used to seeing this when talking about Bitcoin, especially lately.If the trend continues and we see a drop in the network difficulty this would be a sign that old ASIC mining hardware is being taken offline and the new miners brought online at the moment are not able to fill that gap.

This all is apparently coming from large scale mining operations that operate on a business model of mining and selling the mined coins immediately, regardless of the current exchange rate as these are not looking at Bitcoin in perspective and take into account the profitability at the moment and if it is really worth to continue using old mining hardware with the current conditions.0 Vote Up Vote Down One online article says: While it is now considered too late for hobbyists without expensive ASIC processors to start mining bitcoins, many of the alternative digital currencies are still well suited for mining on your home PC.In this guide, we’ll take you through all you need to know to start digging up a few litecoins, feathercoins or dogecoins without any costly extra equipment.For the most part, cryptocurrencies employ either SHA-256 or scrypt as their proof-of-work hashing algorithm, but many of the newer currencies have opted for scrypt.Scrypt tends to be the more memory intensive of the two – however, home PCs with reasonably powerful graphics cards can still mine those cryptocurrencies quite effectively, as there are no dedicated ASICs to compete with Is this true?

How much can I make with a pc assuming electricity is free?Thank you or your help.I am a complete newbie and trying to make sense of all this.Very important to me as I am handicapped and looking for a way to make income without wasting time.Thank you.0 Vote Up Vote Down Hey Tony, you can still mine altcoins (any coin other than Bitcoin) with your PC but you will probably need a graphics card (GPU) for this task.The site What To Mine can show you the different coins you can mine and their profitability.However you need to take into account that some coins are just junk and won’t be worth the time you spent on mining them.No one can really tell for sure which coins will be worth anything in the future – it’s something you’ll need to experience and decide for yourself.A good starting point would be to read a bit about Bitcoin mining an a reference.Your Email Your Name Public Only Me & AdminMining cryptocoins is an arms race that rewards early adopters.

You might have heard of Bitcoin, the first decentralized cryptocurrency that was released in early 2009.Similar digital currencies have crept into the worldwide market since then.Today, there is very much a digital gold rush where people can make a small profit by investing a few hundred dollars in equipment, and then spend months mining for digital coins before any return on their investment sets in.Litecoins, Dogecoins, and Feathercoins are three Scrypt-based cryptocurrencies that are the best cost-benefit for beginners.At the current value of Litecoins, a person might earn anywhere from 50 cents to 10 dollars per day using consumer level mining hardware.Dogecoins and Feathercoins will yield slightly less profit with the same mining hardware but are becoming more popular daily.Is It Worth It to Mine Cryptocoins?As a hobby venture, yes, cryptocoin mining can generate a small income of perhaps a dollar or two per day.In particular, Litecoins, Dogecoins, and Feathercoins are very accessible for regular people to mine, and a person can recoup $1000 in hardware costs in about 18-24 months.As a second income, no, cryptocoin mining is not a reliable way to make substantial money for most people.

The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000-$5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more.Now, there is a small chance that Litecoins, Dogecoins, or Feathercoins will jump in value alongside Bitcoin at some point.Then, possibly, you could find yourself sitting on thousands of dollars in cryptocoins.Note: the emphasis here is on 'small chance', with small meaning 'slightly better than winning the lottery'.If you do decide to try cryptocoin mining, definitely do so as a hobby with a very small income return.Think of it as 'gathering gold dust' instead of collecting actual gold nuggets.If your objective is to earn substantial money as a second income, then you are better off purchasing cryptocoins with cash instead of mining them, and then tucking them away in the hopes that they will jump in value like gold or silver bullion.How Cryptocoin Mining WorksThis brief tutorial below is written for beginning miners who want to keep up-front costs to less than a thousand dollars.

This tutorial focuses on mining 'scrypt' coins, namely Litecoins, Dogecoins, or Feathercoins.The whole focus of mining is to accomplish three things:Provide bookkeeping services to the coin network.Mining is essentially 24/7 computer accounting called 'verifying transactions'.Get paid a small reward for your accounting services by receiving fractions of coins every couple of days.Keep your personal costs down, including electricity and hardware.The Laundry List: What You Will Need to Mine CryptocoinsYou will need 10 things to mine Litecoins, Dogecoins, and/or Feathercoins.A free private database called a coin wallet.This is a password-protected container that stores your earnings and keeps a network-wide ledger of transactions.A free mining software package made up of cgminer and stratum.A membership in an online mining pool, which is a community of miners who combine their computers to increase profitability and income stability.Membership at an online currency exchange, where you can exchange your virtual coins for conventional cash, and vice versa.

A reliable full time internet connection, ideally 2 megabits per second or faster speed.A hardware setup location in your basement or other cool and air-conditioned space.A desktop or custom-built computer designed for mining.Yes, you may use your current computer to start, but you won't be able to use the computer while the miner is running.A separate dedicated computer is ideal.Tip: Do not use a laptop, gaming console or handheld device to mine.These devices are not effective enough to generate income.An ATI graphics processing card (GPU) or a specialized processing device called a mining ASIC chip.The cost will be anywhere from $90 used to $3000 new for each GPU or ASIC chip.The GPU or ASIC will be the workhorse of providing the accounting services and mining work.A house fan to blow cool air across your mining computer.Mining generates substantial heat, and cooling the hardware is critical for your success.Personal curiosity.You absolutely need a strong appetite for reading and constant learning, as there are ongoing technology changes and new techniques for optimizing coin mining results.

The most successful coin miners spend hours every week studying the best ways to adjust and improve their coin mining performance.Why Not Mine Bitcoins?If you had started mining Bitcoins back in 2009, you could have earned thousands of dollars by now.At the same time, there are plenty of ways you could have lost money, too.Now, Bitcoin mining is reserved for large-scale operations only.Over the past five years, the mathematical difficulty of discovering Bitcoins has grown far beyond what a regular individual can achieve at home.The current up-front investment and maintenance cost to mine Bitcoins is no longer worth it for small-scale consumers.Unless you are willing to spend tens of thousands of dollars on industrial hardware and rent an air-conditioned office to house your hardware, there is no profit in mining Bitcoins.You are better off purchasing cryptocurrency with your regular money, and tucking it away in the hopes it will further climb in value.Litecoins and Dogecoins are the popular digital currencies that are still within the grasp of consumer-level users with hobby budgets, with Feathercoins being a good third option that is gaining traction.