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1  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: April 11, 2016, 05:18:39 AM
With a heavy heart, after 2 years and 4 months of exclusive mining with Bitminter, I shut down my Jupiter today.  It had barely been breaking even (or probably losing money) for some time now and I needed the space back, plus, with the weather warming up I really didn't want the heat in the house anymore and my shed is full of other things.  I sold it cheap on Craigslist and hoped to recommend the new owner use Bitminter, but when he picked it up he only wanted the power supplies and actually left the Jupiter with me.  It now sits, lonely and cold, in it's original shipping box.

I started mining in December 2013.  The difficulty was 707 Million and my 675 GH/s was making almost half a bitcoin a day!  With the price bouncing around $1000 US, every minute of downtime would have been expensive.  Bitminter was, and always has been, solid.  Back then we were finding 10+ blocks a day.  Four months in, I found my one and only block: 290714.  It was a green block with 20.5% CDF, 2h33min.  The feeling when I checked the Blocks list and saw my name was amazing.

Newer firmware, which I didn't want to install because it would mean downtime, bumped me up to about 720 GH/s.  A major power outage last fall knocked out one of my 4 modules, reducing me to 560 Gh/s, but it didn't really matter anymore. Today, at the current difficulty of 166 billion (an increase of more than a factor of 200 since I started) my Jupiter was making about 0.05 bitcoin a month, and dropping all the time.

Mining has been good to me and I have no regrets.  As great as it was to be "in" when ASICs were first appearing, it seems to me that it marked the beginning of the end of the hobbyist miner as it meant data centers of miners became practical, well, that and the huge increase in the value of bitcoin meant it was worth doing.  I fear for bitcoin as the mining becomes more centralized and more geographically localized: it's losing the distributed nature that is central to it's security.

My intention for writing this is not to bring anyone down, I just wanted to share my melancholy with people who would understand.

Best of luck to you all, and a special thanks to the Dr.
2  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: September 01, 2015, 07:44:14 AM
I also prefer BIP100. A locked in block-size growth rate (BIP101) seems a bad choice given the huge number of uncertainties - it's just asking for another hard fork to solve the problem again later.

3  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: June 25, 2015, 10:30:15 PM
Did we have another glitch with the shift ending 2015-06-25 21:33 (duration 2h 14m)?  I noticed the web server was also having issues.
4  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: June 18, 2015, 07:11:51 PM

Maybe I can squeeze in a "your % of the total work" thing just after the number showing your work (rightmost column today).

If space gets tight I could probably show the difficulty in billions instead of the exact number. So "49.7" instead of "49,692,386,354". Or perhaps the difficulty isn't even that interesting in the shifts list?

I would definitely like my % of total work.

I personally don't need the difficulty in the shifts list at all, but rounding it to billions (with a mouse-over of the full value, or a link to somewhere with a list of difficulty over time perhaps) would be fine if others like it.

I definitely like the

... column showing the number of blocks found would be useful. Perhaps showing "0 (still searching)" or "1 (still searching)" etc, for the 10 latest shifts?

I really dislike the current "still eligible for pay" since it should really have the "[amount so far] + still eligible for more" but as stated earlier, the number of blocks found is much better than the "Pay/Hour at 1 TH/s".

5  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: June 17, 2015, 03:05:52 AM
What happened during the shift ending 2015-06-16 00:56  (Duration 3h 05m)?

It seems unlikely the pool dropped 20% for that one shift, not to mention my Ghps dropped similarly.  Was there a DDOS or something?

On a related note, it would be nice if the shifts page would show my % of the pool for that shift (like on the live stats page) so I could easily confirm that my decrease in Ghps followed the pool's decrease and my % remained relatively constant.  Also, although I am aware this was discussed at length previously, I find the "Pay/Hour at 1 TH/s" a useless value.  I would be much happier with "Blocks found for which this shift was active" along with my % of the pool.  The zeros listed here would be no worse than the zeros listed in the "Pay/Hour" column.  The "still eligible for pay" could then be changed to "#[of blocks already found] + still eligible for blocks in the next x shifts".

6  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: March 16, 2015, 08:29:05 PM
A streak of 18 non-red blocks, 10 of which were green!!! Let's do that again Smiley
7  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: December 29, 2014, 08:38:02 AM
Milestone: we now have 300 000 registered users!

According to the stats pager there are about 2000 users currently mining.  Does this mean there are 298 000 registered users who are inactive or at least not currently mining at BitMinter?
8  Bitcoin / Pools / Re: How do you prefer to log in? on: December 15, 2014, 07:41:21 AM
I prefer the convenience of Google login. I set the payout threshold such that it wouldn't be that big a deal even if it was hacked so it's sufficiently secure for me as is.

I do not like the payout address as user method as without an actual account it doesn't feel like I belong to anything.  It would also make perks very difficult to implement.

9  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: December 10, 2014, 08:51:07 AM
Dec. 9 is the one year anniversary of receiving my KNC Jupiter.  Difficulty has gone from 707M to 40G.  My expected earnings have gone from over 3 BTC a week to barely .25BTC per month.  Been with Bitminter for the entire time (excluding a couple of days of testing early on).  My thanks to the Doctor.  Just felt I needed to mark the occasion.

10  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: October 28, 2014, 08:20:58 PM
You see Doc, it does not matter what stats you give it will always create issues for someone.  I fully understand the system but still think it looks bad to have zeros on the shift page.  You are essentially saying those shifts were worthless, in contradiction to your police searching for someone analogy.  Those shifts aren't worthless but putting a zero beside them definitely makes them appear to be. Maybe instead of zeros you should be putting something along the lines of "Not used in calculation due to long block" (or something less wordy) and make it a link to an explanation of PPLNS.


11  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: October 28, 2014, 08:09:12 PM
hi dear i have some problem !!!!!!!!

Can you help me what can i do     

2014-10-28 14:17   2h 34m   35,985,640,265   being paid now   1,672.0   1,982.3   4,279,296
2014-10-28 11:42   2h 32m   35,985,640,265   being paid now   1,695.8   1,961.6   4,178,944
2014-10-28 09:09   2h 31m   35,985,640,265   being paid now   1,710.7   1,991.4   4,204,544
2014-10-28 06:38   2h 30m   35,985,640,265   being paid now   1,713.3   2,039.7   4,286,464
2014-10-28 04:07   2h 29m   35,985,640,265   being paid now   1,722.3   1,943.2   4,064,256
2014-10-28 01:37   2h 30m   35,985,640,265   being paid now   1,719.0   1,999.2   4,190,208
2014-10-27 23:07   2h 33m   35,985,640,265   being paid now   1,680.6   2,013.8   4,313,088
2014-10-27 20:33   2h 32m   35,985,640,265   being paid now   1,689.3   1,991.7   4,255,744
2014-10-27 18:00   2h 29m   35,985,640,265   being paid now   1,723.5   1,989.8   4,158,464
2014-10-27 15:30   2h 32m   35,985,640,265   being paid now   1,695.0   1,964.7   4,172,800
2014-10-27 12:57   2h 31m   35,985,640,265   0.00000000   1,702.8   1,984.0   4,194,304
2014-10-27 10:26   2h 30m   35,985,640,265   0.00000000   1,714.6   1,983.5   4,178,944
2014-10-27 07:54   2h 00m   35,985,640,265   0.00000000   2,134.0   1,954.8   3,298,304
2014-10-27 05:53   1h 31m   35,985,640,265   0.00000000   2,820.0   2,037.8   2,600,960
2014-10-27 04:21   2h 06m   35,985,640,265   0.00000000   2,035.0   1,968.7   3,483,648
2014-10-27 02:14   2h 29m   35,985,640,265   0.00000000

There is no problem.  Everyone's shifts look like that because it has been more than 10 shifts since we have found a block.  You need to read about how PPLNS works.  We get paid when the pool finds a block and it is based on our work over the last 10 shifts so if more than 10 shifts have passed since we have found a block there will be shifts not used to calculate our pay when we do find a block.

12  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: October 23, 2014, 10:02:09 PM

While your theory is correct the fact is since shift time has changed my earnings have dropped. This appears to be because the shorter shifts have encouraged big time renters to do what must be the equivalent of pool hopping. I would be okay with that if they stayed long enough to find blocks, but that doesn't appear to be the case. Granted my 24/7 408 Ghps is not finding blocks either, but my share is hardly noticeable compared to some of these renters. Is it time for the small miners to give up? Or can someone recommend a different pool?

Big hashers jumping in and out does not affect your pay: it decreases your pay per block but increases the number of blocks found, resulting in the same net pay on average.  Since the pool has been lucky as of late your pay should have been better than normal.  Ever increasing difficulty definitely decreases your pay if your hash rate remains constant.  I think this is where the blame lies for your decreasing pay.

The question about when to "give up" has more to do with your cost per hash than your total hash rate.  If you already own the hardware it's simply a matter of comparing the cost of electricity to run it versus the income it produces.  If you're really lucky and run you equipment somewhere you don't pay for the electricity then there is no reason to stop no matter how low the hash rate is.

13  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: October 22, 2014, 07:33:28 AM
What I really want is to know how much BTC i earn for each block found.  This should be a simple accounting type of idea.

That's already in there. Look under "my account" -> "transaction history" in the website menu. All the details are there and you can download it as a .csv file to import into a spreadsheet and play around with if you want.

I could be wrong, but I think Fahlcor wants to see the earnings for a block as soon as it has been found.  It doesn't show up on the transaction page until it has be confirmed and irrevocably paid.  I understand why it would be useful but I also understand that until a block has its 120 (did that change to 100?) confirmations it really isn't money in the bank (without a perk).  Perhaps "Unconfirmed" payments could be broken up to show the amount from each of the blocks awaiting confirmation.
14  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: October 20, 2014, 02:29:14 PM
This would be nice:

P.S Recent Pool Upgrades....NICE WORK DOC!

Yes, having a balance of over 21 Bitcoins would be nice  Grin
15  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: October 19, 2014, 04:12:51 AM
I too liked the estimated pay per block for the two main reasons given: 1) I used it as a single-number indicator of how my equipment and the pool were doing - if it changed much, I looked into why, and 2) I used it as an indicator of how many more blocks needed to be found to reach my auto payout setting.  I would vote to have it as an option to turn it on. To be honest, I don't understand how it led to any problems.  I am also convinced that whatever you change it to (like the current pay/Hour stat on the shifts page) there is still going to be a group of people who don't understand it or are bothered by what it shows (such as "unpaid" shifts). I believe it is impossible to please everyone in this situation: there will always be people who don't think they are being paid enough or have unpaid shifts or Huh  Too many people just don't understand that finding a block is a random event and all the stats in the world won't change that.

I like the suggestion of a graph of my recent hashing history as that would be another good way to check on my equipment over the medium term (perhaps 10 or 20 shifts).  Seeing my current hashing power without having to bring up a stats page would be good too.  On that note, having the pool hash rate being the first thing that comes up when using the "Live Stats Pop Up" seems redundant since it is on the top of every page including the one I just clicked on the link from.  A more useful first page would be either the "Me" or "Round" tab, both of which contain my current hashing power.

I generally always leave the "Blocks" page open and refresh it whenever it occurs to me to do so. This is a simple way to see if new blocks have been found and to watch the confirmations count down for found blocks.  It would be nice if this page had the current UTC time, or even better, the current length of the current round (or best of all, both). 

I suppose the "Live Stats, full size" contains everything I want (except the number of confirmations on recent blocks), but the layout means what I am looking for requires scrolling. I'd like the "Current Round", "Latest Blocks", and "Latest Shifts" side by side without anything else as I'm either not interested (Fastest Users) or it is already shown in the Current Round (Total Comp. Power, Your Comp. Power, Workers).

As someone else suggested, maybe a customizable layout is the only way to satisfy everyone.

Overall though, things are good and the pool runs well which is what really matters.  Thanks for your effort to always improve things.
16  Bitcoin / Pools / Re: [1450 TH] [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff] on: July 24, 2014, 04:41:00 AM
Just because a graph has peaks and troughs does not mean it is systematic.  Any "two-week cycle" you are seeing is something your mind is imposing on the data.  Do a Fourier analysis and I am pretty sure you will find there is no reliable pattern.  I can say this with conviction because it is a random event and by definition will have no pattern.

17  Bitcoin / Pools / Re: [1450 TH] [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff] on: July 22, 2014, 03:03:05 PM
If you want stable payments, use a big pool, if you want some excitement, use a small pool.  If a system was  put in place to smooth out the payments and eliminate "casino", why not just move to a big pool?

Funny how you are asking for stable payments while just a few weeks back Philip was insisting the solution was to offer solo mining where things are pretty much all-or-nothing super-casino.
18  Bitcoin / Pools / Re: [1450 TH] [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff] on: July 18, 2014, 10:59:44 AM

If I am still logging into Bitminter for mining, but can choose which pool my miner points at via the very nice Bitminter GUI ( so I can choose between Bitminter, Eligius, or for example ), then the good Doctor still gets paid.  Luck graphs can be compared, and you know some people will enjoy the ducking and diving bit.  Having it all on one website ( run by Bitminter ) would be a nice product for miners to buy into.

This would mean you are paying fees to both Bitminter and whatever pool your hash power is being directed to, which would be a bad idea.
19  Bitcoin / Pools / Re: [1450 TH] [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff] on: July 16, 2014, 06:37:05 PM
Set each worker's difficulty separately: do not add them together and then divide by 1.4.  In any case, you should not need to do this unless there is something wrong with your miner since you difficulty will auto-increase to what is appropriate for your miner.
20  Bitcoin / Pools / Re: [1450 TH] [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff] on: July 06, 2014, 03:23:28 PM
I think it is normal. It is the absolute hashpower of the pool is growing, so your share is going down because its stable.

Yep. When the pool hashrate goes up other people are finishing the shifts before you can get the same amount of work in. That's why your work per shift goes down - the shifts are shorter time-wise.

I think he is concerned about the decrease in his hash rate from ~600 GH/s to ~560 GH/s which isn't affected by the pool hash rate.  That change does seem a little large for normal fluctuation but not impossible.  I wouldn't really worry about the "trend" as it is likely just chance.  I don't have any suggestions but would definitely wait a few more shifts to see if the trend continues as it might just be normal fluctuations.

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