Not until the next difficulty adjustment.

So it is still not recognized?

Any error messages at all?

What do you mean 1.4 didn't like the proof of work? Do you see an error message?


If it still fails to detect even after you unplug and plug the device back in, then use bfgminer for now. I hope to get this fixed soon.

It's time for the mid-race analysis.

Early on we saw bitmeme take the lead with his tried and true strategy "mine fast". At first this seemed like a good strategy, and mining at 4+ TH/s got him quickly into first place.

The problems started for bitmeme when a duo of small miners arrived. KPR120 and subseaguru quickly deployed their strategy "be incredibly lucky". Mining at a sneaky 30 and 16 GH/s their strategy proved superior. We first saw KPR120 move into first place, and later subseaguru.

The luck strategy has proven resilient, although we did see nicetime get a good block yesterday. It was close but only got him fourth place. Other than that the last few days have been quiet, not even a single one of Fefox's rigs catching on fire.

On the top50 fastest users list we have seen a few users improve their hashrate and a couple new users arriving. But there are not that many changes. Rather than fast miners, we see big masses of slow miners joining up. We can only attribute this to the result of the recent duel between the "mine fast" and "be incredibly lucky" strategies. Miners are learning and adapting.

So, with half the race remaining, which of the many possible strategies should miners go for? Being lucky seems like the winning choice so far.

Yeah, I think there's a problem there. I'll need to get a win phone emulator to test it I think. I don't have any of those devices available.


Did you install the tiny bf1.inf driver file from the bfgminerwin.zip file that they have in the blue fury support thread?

https://bitcointalk.org/index.php?topic=319419.0

That's the next reward halving. After that each block will have 12.5 new coins.

We still have a while to go though, it's not that long since the previous reward halving from 50 to 25 new coins per block.

So this is a comparison of the luck of two pools over a few days?

Remember that past luck has no effect on future luck.

Read up on gambler's fallacy on Wikipedia: http://en.wikipedia.org/wiki/Gambler%27s_fallacy

Cash out even amounts down to 0.00000001 ?

That sounds like a bad idea. What kind of transaction fees will you have to pay after filling your wallet with such tiny amounts?

Listen to the people who collected tiny amounts from "get free bitcoins" websites, and the problems they had afterwards with fees.

Both Organofcorti and Meni Rosenfeld are very good with the math, statistics and perhaps most importantly: probability theory.

I think it is human nature to fail horribly at understanding probability.

It's OK to not be as good as these guys. I think it is more important to understand the limitations of our own knowledge and skills. Read and use the stuff they write.


Thank you, sirs Much appreciated.

The Bitminter client works in Ubuntu, yes. Or you can use any other mining client with the Bitminter pool.

Blockchain.info has wrongly identified a block at height 269542 as coming from Bitminter. Some miners are already asking about this. It does not go to an address we control and there is no "BitMinter" text in the coinbase.

The block is not from Bitminter and I have no idea what makes blockchain.info think so. Perhaps it was relayed through one of our bitcoin nodes. Note that blockchain.info is very unreliable for identifying who made a block, and as a result their estimates of the hashrates of each pool is also very unreliable.

That's a lot of sticks. 

Sorry, couldn't help it.

The luck is unfortunately very bad right now, after 96.73% and 74.41% CDF blocks we are now at 98.08% CDF with no block after 8 hours 48 minutes. Only 5 blocks in the last 24 hours. Add to that the fact that it takes about 10 hours from you do some work until that work is fully paid.. this is why the payout so far was low.


I'm sorry you feel that way. I tried my best to explain about the variance and the work-to-payout delay, without any criticism. I think some miners got a little annoyed though.

Let's calm down, guys. This is nothing to fight over. OmegaNemesis28, if you give the pool a few days I'm sure you will like it. I'll be happy to answer any questions you have.

If you mined only the last 24 hours then the payout looks bad because of the combination of bad luck right now (variance) and a 10 hour delay between doing work and getting paid.

Over 7000 people mine at Bitminter every day. They wouldn't do that if we paid out less than 50% of other pools.

There is some info on the payouts here: https://bitcointalk.org/index.php?topic=27062.msg2769824#msg2769824
If you really want to understand it then look through Organofcorti's analysis: http://organofcorti.blogspot.com/2013/05/131-bitminter-and-luck.html

Things are heating up on the top 50 fastest miners list. First mmt caught up with Ayrat at the top of the list. But now we see soniq push fast them into a solid first place hashrate-wise.

In the race rankings, though, we only see some changes among positions 7-8-9. subseaguru's hash is proving hard to beat. With only 16-17 GH/s he was very lucky to get a hash that good. But can the luck last another 17 days to the end of the race?

16 blocks yesterday looks very nice. 5 blocks so far today is less nice. It goes up and down a bit. A day or two is often not enough to even out the element of luck.

Remember the 10 shift (10 hours right now) delay though. If you mined for only 24 hours so far and there is a 10 hour delay from work is done until that work is fully paid, it's only natural that the coins come in slowly at first. That doesn't mean you are paid badly, the pay is coming, whether you keep mining or not.

I'm not seeing this in my stats. The Bitminter mining server is in the US currently. That would be the middle of the night where the server is. And it doesn't seem to be affecting me. Could it be something on your end? Or could it be random - did you look at many days at 10 AM and they all showed this?


Remember there is a delay from you do some work until it is paid, 10 shifts, which is currently almost 10 hours. If you don't use the prepay perk then block confirmations also take almost 20 hours, although you will be able to see the unconfirmed balance immediately after the block is found.

Have a look at the reward graphs:

https://bitminter.com/stats/rewards

That's the last 2-3 weeks. Looks pretty even. We did have that one monster round, so if you mined during that the payouts were low. We soon after recouped our losses with many lucky blocks, but maybe you had left the pool at that time.

There is also some useful info on the payouts here: https://bitcointalk.org/index.php?topic=27062.msg2769824#msg2769824

And remember, if you get the lowest hash in november you win a KnC Jupiter: https://bitminter.com/mintrace

Maybe it's an issue with Win XP, I don't know. Can you upgrade or switch to Linux? I don't think Microsoft will give any more extensions on the Windows XP end of life. Currently their site says april 8, 2014. After that you get no more security updates and your computer gets hacked.


Not currently. I'll put on my TODO list to make it adjust more dynamically, like the speedometer in Bitminter client.


There is support in the beta version, but it doesn't seem to work for most people. I'm working on that. In the meantime try bfgminer.

Yes. The balance is the true balance. Everything paid to your Bitminter account that you haven't cashed out yet. After a block is confirmed the income from that block moves from your unconfirmed balance to your regular balance. This normally takes only a few seconds to happen, so I don't think there is the need for another balance for "confirmed" or "payment about to happen".


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