And I have the deepest respect for Eleuthria / BTCGuild for the initiatives they did when the pool reached ~40% in spring 2013.
More miners need to care about things like this. |
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first pool was in 2009 , November to be exact, I think it lasted 3 days.
Any more info on this? I always thought it was Slush in 2010. |
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I need to donate half a percent to have more than 5 workers, But There is a 1% fee on this donation  No, that 1% is the pool fee which is taken out of the block income before miners are paid. I put the "(+1% fee)" in there because a lot of people thought if they donate 1% the total is 1% (it's actually 1% donation + 1% fee = 2%). Or that if they set donation to 0% they pay nothing (actually the 1% fee is still there). I tried to make the pool fee more visible to clear up this confusion. I'll be lowering the donation requirements on several of the perks soon. For some reason dragons do not work well sharing a worker
The Dragon miners don't implement the Stratum mining protocol properly. They ignore the difficulty the server tells them to use and use whatever difficulty you set in the Dragon miner config. This is incredibly stupid and a violation of the stratum protocol. It can result in most of your work being wasted. Make sure you set a minimum difficulty on your Bitminter workers that is the same or higher than the difficulty you set in your Dragon miner config. If you already knew this, never mind  Maybe the issue you are having is something completely different. |
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So and now since again over 85% how high is the chance to get another 90+% ?
The chance is always the same. It doesn't matter what luck you had yesterday - that's not going to affect luck today. |
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I didn't mean anything bad by not taking the 29 NMC for advertising. I am going to advertise and the pool does have coins for this. But if you want to donate something extra for advertisements, send BTC to: 14uS36iDCjXPB5c1XHSCWTWpH7RysqwkoZ NMC can be sold for BTC at btc-e.com or other exchanges. If you are good with graphical work you can make a banner for the pool (contact me). If you have a blog or other website you could mention the pool and link to it. Word-of-mouth is one of the most important things. If someone is looking for a pool or looking to start mining, you can suggest this pool. And obviously, mine at Bitminter yourself. If you get any other ideas, send me a message or post it here. That's a few things for those who want to help the pool grow. All help is greatly appreciated. I am also working on a few ideas to improve the pool. More on that later. To address a few things that has come up in the last couple days: No the pool is not broken. Bad luck happens, just like good luck. We are now below 1% of the global hashpower though, so unlucky rounds take longer than before. You don't earn more the bigger a pool is, that's not how it works. The payouts may be further apart now, but they are also bigger. Variance is higher, but average income is the same. Your income is not dropping towards zero because the pool is smaller, making you unable to cash out. That is incorrect. Yes, sometimes there is a shift with zero pay. But shifts are often paid multiple times as well. You can see this at https://bitminter.com/stats/rewards which shows the payouts during the last 500 shifts. Sometimes the green line on the top graph hits the bottom (zero pay for a shift), but also notice how it goes up and down on certain "levels" depending on how many times each shift is paid (which again depends on how many blocks we found). From the bottom graph you can see we had plenty of good luck lately. But unfortunately the bad luck during the last week has cancelled out most of that at this point. We have to expect this to happen, good and bad luck cancelling each other out. But I can understand the last week has been rough. The yellow line (expected average) dropping in the top graph is because of the difficulty increases. |
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No, he wants a chat, he's feeling a bit lonely  I got that covered too. We recently hired "overly attached girlfriend" from youtube to chat with miners. Warning: she will never let you leave for another pool. |
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All of the pools offer pretty much similar infrastructure and features. It just really comes downt o preference. Maybe if pools offered a chat, that would make me switch
I think almost all pools offer a chat (on IRC). https://bitminter.com/chat |
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not just from doc, but from other users in setting up the usb miners.
Yeah, we have a lot of awesome helpful people both here and in the IRC chat (I just wish people would wait more than 1 minute for an answer before leaving IRC ) I don't event know we had an IRC channel ! What's the server group and channel ? thanks ! #bitminter at chat.freenode.net Those who don't have an IRC client installed can use the web client at https://bitminter.com/chatCome hang out |
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not just from doc, but from other users in setting up the usb miners.
Yeah, we have a lot of awesome helpful people both here and in the IRC chat (I just wish people would wait more than 1 minute for an answer before leaving IRC ) |
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Why should those be separated? AFAIK, BitMinter it the only one that even attempts to differentiate between the two, but they both mean the same thing: The pool wasted work on a block that was not accepted (thus orphaned) by the network.
I have the impression that most pools just throw away stale work. If you get a block solution for the old block height after a block change, do you list that as an orphaned block? |
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As long as we are clear that luck cannot be predicted, and keep superstition and stupidity out of this thread, that's all I ask.
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People will decide for themselves based on BTC output.
Hopefully most people are smart enough to understand that past luck does not affect future luck, and they won't switch between pools based on this. |
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Doc I'm willing to donate a few namecoins if will use them for advertising or giveaways to attract new miners.
Thanks for the offer. But I think the best way to help the pool grow is to tell friends and other miners about the pool and why you like it. Meanwhile I will look at a few other options. |
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Comparing the luck of different pools is completely pointless.
One thing you may want to look at is the orphan rate of the pools. You can look that up on organofcorti.blogspot.com though. You don't need to "test" it.
Other than that there are features, fees, etc. Many things that may be interesting. But luck isn't really.
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I didn't say that, I said quite the opposite. Luck does exist and if you can't pay your monthly bills if you get a lower than average payout, then you need to secure an average payout. Ozcoin is on 50 days without a block. Deepbit is on 6 months? 9? The smaller a pool is the longer the rounds are. |
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My reading was that it was a bonus donated by the Ozcoin's management as a celebratory reward to miners, and that it was coming out of the pool op's pockets, not out of the pool fee. So the variance does increase, but so does the expectation (compared to rounds where an extra 0.6 btc per round is not awarded).
On Ozcoin yeah, but this was the p2pool block finder bonus. |
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BitCare Bitcoin added to the third party apps list, under the "tools" menu on the bitminter.com website. It's a very nice Android app.
If you know any apps with Bitminter support that are not listed, let me know.
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much as the great luck debate is still out
There is no luck debate, just like there is no debate on what 1+1 equals. I was referring to moving hash per month based on personal choice as to where you feel you get the best results. You wrote luck debate. Moving between pools based on their past luck doesn't improve your mining results. That's not an opinion or debate about luck, it's a fact. Thinking it can be done is based on a misunderstanding about what luck and random events are and how they work. Anyone is free to base their mining on religion, superstition, cargo culting, or whatever they want. But don't write here that it works. There's a lot of beginners reading this and they don't need the confusion. |
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