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Title: Bitminter Post by: JamesB2014 on June 18, 2014, 08:16:11 PM Is there a way to mine just bitcoin and not namecoin on bitminter?
Title: Re: Bitminter Post by: rarkenin on June 18, 2014, 08:22:22 PM No, as it would be detrimental to your profits (you don't mine more bitcoins). Namecoin is mined in a process called merged mining, where your hashrate simultaneously tries to mine both bitcoin and namecoin. It does this by submitting results that are valid for both bitcoin and namecoin to the pool. As this shares part of the hashing rate, both bitcoin and namecoin come out a bit more secure from your mining.
Any option to mine for bitcoin only will not increase your mining rate at all. I'll quote David Schwartz on bitcoin.SE (http://bitcoin.stackexchange.com/a/275/3962): Quote The benefit for Namecoin is obvious. A lot of Bitcoin miners will probably do merged mining, since it costs them basically nothing and gives them a greater return than mining Bitcoins alone. As a result, their block generation timing will be more predictable and their transactions more secure against a 51% attack. Title: Re: Bitminter Post by: JamesB2014 on June 18, 2014, 08:27:54 PM Are internet bitcoin calculator off a lot?
Title: Re: Bitminter Post by: rarkenin on June 18, 2014, 08:28:37 PM Are internet bitcoin calculator off a lot? What results are you expecting, and getting? Title: Re: Bitminter Post by: JamesB2014 on June 18, 2014, 08:36:39 PM Not trying to. I have seen with 1th/s I should be getting about 20.00 USD a day. Im getting 9.00 USD. Im very new. This is day 3 for me.
Title: Re: Bitminter Post by: rarkenin on June 18, 2014, 08:48:48 PM What device are you using to get 1 TH/sec? What pool? Stupid question, but is the device *actually* getting 1 TH/sec?
Title: Re: Bitminter Post by: JamesB2014 on June 18, 2014, 08:59:01 PM bitminter and Bitmain AntMiner S2 1000 Gh/s SHA-256 ASIC Miner. 950 to 1200 gh/s
Title: Re: Bitminter Post by: rarkenin on June 18, 2014, 09:17:19 PM OK, what speed is the pool reporting?
I would advise going to your worker settings and setting the difficulty for the miner to around 16. It will then result in less shares being submitted, but each share being worth more. It's possible that the miner is sending so many small shares to the pool some part of the system gets backlogged. Title: Re: Bitminter Post by: JamesB2014 on June 18, 2014, 09:21:07 PM It was set at 1.
Title: Re: Bitminter Post by: rarkenin on June 18, 2014, 09:37:22 PM That's probably the reason. Try to have 1 to 4 shares a minute as your goal (bumping diff up as needed). Hopefully, things should be running more efficiently.
Edit: I miscalculated. You'll want diff around 512. Title: Re: Bitminter Post by: JamesB2014 on June 18, 2014, 09:39:53 PM Thank you for your help rarkenin!
Title: Re: Bitminter Post by: rarkenin on June 18, 2014, 09:45:44 PM No problem.
Title: Re: Bitminter Post by: jeroenn13 on August 09, 2014, 04:17:28 PM Mining Bitcoin and Namecoin is more profit right?
Title: Re: Bitminter Post by: BowieMan on August 09, 2014, 04:39:16 PM Mining Bitcoin and Namecoin is more profit right? Yeah basically you can mine them at the same time. If you find a share for Bitcoin, the share probably also counts a valid block for Namecoin. As Namecoin has a lower difficulty, you'll even find a lot more shares for Namecoin. It's basically a few Namecoins on the side for all you Bitcoin blocks you find! Title: Re: Bitminter Post by: BowieMan on August 09, 2014, 04:40:27 PM No problem. I've double-checked, 512 should be the reasonable value (depending on luck, the reward might jump up and down a bit but it would average out in the end) If you'd optionally like to leave a small tip, 1EYhYbBKRSM85EaoUbgQmnCwQerQWL99so. Bitminter is a somewhat small pool nowadays (not too small, it is large enough still), but it tends to experience some variance. There are days where they only find a single block or sometimes even 0. 4 Days is still a small time. Title: Re: Bitminter Post by: kittycatbtc on August 11, 2014, 08:29:30 PM What are you using to mine?
Title: Re: Bitminter Post by: Newar on August 12, 2014, 04:44:23 AM If you don't want the namecoins, consider moving the slider in donations (for namecoins) to 100% . Title: Re: Bitminter Post by: HarmonLi on August 12, 2014, 02:19:46 PM Is there a way to mine just bitcoin and not namecoin on bitminter? Why would you want to do that, really? You don't lose any Bitcoin by mining Both. Namecoin isn't worth that much, it's true, but it's just a by-product, so to say. You can always go and sell all your Namecoins you've mined for BTC... Title: Re: Bitminter Post by: forzendiablo on August 12, 2014, 02:24:23 PM mining NMC doesnt cost u anything...
Title: Re: Bitminter Post by: Pony789 on August 12, 2014, 03:17:07 PM No problem. I've double-checked, 512 should be the reasonable value (depending on luck, the reward might jump up and down a bit but it would average out in the end) If you'd optionally like to leave a small tip, 1EYhYbBKRSM85EaoUbgQmnCwQerQWL99so. Bitminter is a somewhat small pool nowadays (not too small, it is large enough still), but it tends to experience some variance. There are days where they only find a single block or sometimes even 0. 4 Days is still a small time. Yup, there is a 3-day dry spell just now on Bitminter lol. https://bitminter.com/blocks :D The pool has only ~1400 TH/s now, which is less than 1% of the network hashrate, and so you can expect it finding less than 1% of the future blocks. With good luck, it can get 2 or 3 blocks a day. With bad luck, it can get nothing for a few days. |