[CLOSED] BTCMine - ZERO fee mining pool (LP, SSL, JSON API, P2SH)

[dbitcoin]

BTCMine - shared mining pool

Pool benefits:

• US based hosting (NY) - very low network timeouts for US/Canada miners
• User accounts protected by secure connection (SSL)
• Pool support multiple miners per one user account.
• Pool support long polling requests and simple JSON API for retrieve current balance and other statistics.
• Pool count all valid shares for current round and use score based payout model. This model minimize negative effect from timing attacks (pool-hopping).
• Full 8 decimal place automatic payouts
• Payments with donation (0-5%)

Payout calculation formula:

base = 50 BTC
payout = (user_score / round_score) * base - donation_level

user_score -  user score for current round (as sum score for submitted shares)
round_score - total score for current round
donation_level - user selectable value from 0 to 5%

Score for one share calculated as:

share_score = exp(current_round_time / score_magic_number)

current_round_time - time since round start (seconds)
score_magic_number -  very magic number

New payments created when solved block reach 120 confirmations (processed 15-30 min later).

Select good RPC miner, register a new account at BTCMine and join to Us.

These miners tested:

CGMiner miner    Long Polling enabled
Phoenix GPU miner    Long Polling enabled
m0mchil's GPU miner  Long Polling enabled
Diablo's GPU miner  Long Polling enabled
UFASoft SSE2/AMD GPU miner  Long Polling enabled
jgarzik's CPU miner Long Polling enabled

And probably there is no problem with another miners (if you use fresh version)
Short instructions how setup miner, you may find on site.

If you do not received activation email after 2-3 hours, probably your email provider too lazy and uses wrong service for spam detection.
I recommend you register new account with gmail.com email address or use contact form on site for requesting manual activation.

[1713509186]

1713509186

[1713509186]

1713509186

[1713509186]

1713509186

[1713509186]

1713509186

[1713509186]

1713509186

[dishwara]

Done, started mining.

[LMGTFY]

Working fine here with Diablo's miner. Nice job on the website, too!

[JWU42]

Will give it a go for a "bit" (pun intended) 

[foo]

The email verification does not work, but I could log in anyway.

Account activation error

Activation key: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx not valid or alredy used.
Account not activated. Please try again.

[BitLex]

There also 50 share bonus for lucky miner why solved block.

i don't get that,
50 what? if it's bitcoins, where do those come from?
it might be % though, but % of what, of your 3-10% cut?

During this period, pool commission reduced to 1%.

it seems, that at least for pay-per-share you pay out 49BTC/difficulty, which is not 1, but 2%.
just sayin'  

oh and i also don't get, why in pay-per-share mode, my "Bounty" is still an "Estimated bounty",
the point of pay-per-share is, that i already earned it, as soon as i submitted a share, isn't it?

[dbitcoin]

The email verification does not work, but I could log in anyway.

Account activation error

Activation key: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx not valid or alredy used.
Account not activated. Please try again.

Probably you just click on activation link twice 

[Neereus]

There also 50 share bonus for lucky miner why solved block.

i don't get that,
50 what? if it's bitcoins, where do those come from?
it might be % though, but % of what, of your 3-10% cut?

Sounds to me like you get 50 more shares added to cut if you are the one to find the block.

[dbitcoin]

There also 50 share bonus for lucky miner why solved block.

i don't get that,
50 what? if it's bitcoins, where do those come from?
it might be % though, but % of what, of your 3-10% cut?

During this period, pool commission reduced to 1%.

it seems, that at least for pay-per-share you pay out 49BTC/difficulty, which is not 1, but 2%.
just sayin'  

oh and i also don't get, why in pay-per-share mode, my "Bounty" is still an "Estimated bounty",
the point of pay-per-share is, that i already earned it, as soon as i submitted a share, isn't it?

During alpha test period:
1) 50 shares - is just 50 shares, nothing more right now.
2) Nop, is 1%, I pay 49.5/difficulty
3) Estimated -  this value calculated for every submitted share, when pay per share mode enabled, but there also bonus exist (if you solve block)
    Anyway global stats refreshed only when pool solve block, only after this all money for per share going to payout.
    In the future maybe I change this process.  

[ibfreeekout]

I just started running on your pool and so far it looks nice. Kind of wish the statistics worked properly in the Miner Top. Website does look nice as well.

Anyway, I'm still new here in general and I think I've got this figured out so far. Got my 6870 running nicely and have already pulled in about 9 BTC's in about 3 days total of mining.

[nster]

When setting up miner I have a propblem... I put xxxxx@hotmail.com as my username, but it shows xxxxx@hotmail.com@hotmail.com instead, so thats what I have to put in my miner for it to work.

[dbitcoin]

When setting up miner I have a propblem... I put xxxxx@hotmail.com as my username, but it shows xxxxx@hotmail.com@hotmail.com instead, so thats what I have to put in my miner for it to work.

I  remove hotmal stuff from username.

[nster]

When setting up miner I have a propblem... I put xxxxx@hotmail.com as my username, but it shows xxxxx@hotmail.com@hotmail.com instead, so thats what I have to put in my miner for it to work.

I  remove hotmal stuff from username.

oh and when I try to remove the hotmail stuff it is even worse :p

[kseistrup]

I've registered a username and clicked on the link in the confirmation email.  However, when I want to register a miner I am taken to http://btcmine.com/user/login/.  Now what?

Cheers,

[nster]

yay the hotmail thing is fixed

[dbitcoin]

I've registered a username and clicked on the link in the confirmation email.  However, when I want to register a miner I am taken to http://btcmine.com/user/login/.  Now what?

Cheers,

Just login at first

[kseistrup]

I've registered a username and clicked on the link in the confirmation email.  However, when I want to register a miner I am taken to http://btcmine.com/user/login/.  Now what?

Just login at first

I already did, and that didn't help.  After a few attempts I managed to register a miner, though.  Thanks.

Fun enough, it is noticable that the pool server is located across the Atlantic — I get lower hashrate than at slush's pool here in Europe.

Cheers,

[nster]

is the website down?

[ibfreeekout]

is the website down?

I'm on it just fine.

[nster]

is the website down?

I'm on it just fine.

I it is back up for me.... it wasn't on my side though, all my other internet stuff was working