the key to me doing this is the dr gets it working on bitminter as a plug n play.
I'm looking into this. These "Red Fury" units apparently show up as virtual serial (COM) ports. That may make it possible to add support quickly and easily since that kind of thing is in the client already. Is this a common day? 3 stale in one day?
No, that's incredibly bad luck.  |
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Indeed I am (2 of them if it matters), and sadly the trend has continued in the same direction since my last post. How many accepted and how many rejected? |
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No problem. Welcome to the pool  |
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Last I looked Ixcoin + Devcoin put together was 0.12% extra income. You may want to also consider other aspects when comparing pools.
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Welcome home, boozer No, this is a new device. I'll see about adding support for them. |
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None of that is likely to surprise any of you though. Sorry. Again, I'm a very green newbie here. I can say for sure that I am very happy to have joined the BitMinter pool because the entire process seems very streamlined, the software works perfectly (near as I can tell), and the website is easy enough to navigate and operate. In a strange way it feels good not just to be earning my first BTC ever, but to be contributing to something larger, something that has meaning to other people.
Welcome to the pool. And yes, Bitcoin is awesome Yikes. BFL's Easy Miner application goes unresponsive every few days and needs to be reset so I thought I would try the nifty looking BitMinter application and benefit from NMC mining as a bonus. It sets up quick and easy, but within 20 minutes I got more than 20 stales. Lots of work rejected, not good. Even with the app glitches, the other pool I was using has zero reported rejects/stales. Maybe I'll come back to BitMinter with an AMD video card if I ever get one, but as soon as I reach the payout limit, my ASIC's will probably head back to the last pool. It's a great application from the looks of it though. Very shiny, easy to add new hardware, easily configured, etc. But 1 stale work unit per minute is unacceptable.
You're mining with a BFL ASIC? It's odd you got that many stales so quickly. But unless something is wrong it should even out to below 0.5% over time. |
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Considering these facts what has bitcoin mining got in common with a lottery apart from who in a short period of time will be allocated the winning ticket ?
The point is that winning a lottery with X tickets has nothing to do with efficiency or skill, it's pure luck. Some lotteries run for a long time with a big prize. The bitcoin lottery runs for a short time (average 10 minutes) with a much smaller prize. I don't think this hampers the analogy at all. You pay for the lottery tickets with electricity. The maximum number of lottery tickets you can buy per round of the lottery is decided by the hardware you have. And the exact amount of electricity you must pay per ticket is too. This is the thing that makes the Bitcoin lottery strange. You have to buy a machine to participate, and not everyone are paying the same price per lottery ticket. Mining in a pool is like playing together as a group. It increases the chance of winning (by a lot), but you have to share the prize with the others. |
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There is some useful advice on how to choose a difficulty here: https://bitcointalk.org/index.php?topic=274023.0It helps to know the default settings for all the worker settings. How am i suppose to adjust them effectively without knowing what the default is? I only have 10erupters running and would like to maximize their potential.
The defaults are: Minimum difficulty: 1 Work submits per minute: 20 Merged mining flushing of stale work: on Stratum extranonce2: 6 bytes (may change to 4 in the future, if you run a subpool and need a certain number of bytes, set it explicitly) |
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As requested "minimum difficulty" has been added to the worker settings.
This is most useful when you start up mining so the difficulty doesn't have to travel up from 1, so it is recommended for the really fast miners. It can also be nice if you want to force a high difficulty, or you don't like the difficulty moving up and down (although that doesn't really do any harm).
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Thank you Dr Haribo for the link but there are only couple posts discussing the merits of pools .
What I was referring to was that even though BTC Guild has the most Blocks discovered does not instantly mean it is the preferred choice for a small new miner .
No, the Q&A I linked to is about the assumption that "since i have a small hashpower I must join a certain type of pool." I posted that question on the Bitcoin stackexchange because new miners make that assumption all the time. Forget the small vs big miner. My findings suggest that,
Slush's pool over the 100 blocks found took 580 ghs of power per block .
While:
BTC pool over the 465 blocks found took 619 ghs of power per block.
So over the last few lottery rounds, BTCGuild won once with 619 lottery tickets, and Slush's pool won once with only 580 lottery tickets. You can take that to mean that Slush is better than Eleuthria at playing the lottery. What I am telling you is that thinking so is wrrong, the real explanation is that lotteries are random. |
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Hi, nice to hear you like the pool I will add a "find me" button in the future. For now it may be easier to find it under "my account" -> "transaction history" in the website menu. At least for recent blocks. |
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Lucky for me Slushes pool seems to be top of the list for efficiency.
That's not efficiency, but luck, and only measured over a short period of time. More importantly, the luck you had yesterday won't affect the luck you have tomorrow. Believing so is called gambler's fallacy. You can read about that on Wikipedia. Bitcoin mining is like playing a lottery, where each hash is a ticket with a very very tiny chance of winning. You can still sometimes win with just 1 ticket (hash), but sometimes you need a crazy amount of them when you are unlucky. Since I'am only ever likely to have a couple Gh's of power I think Slushes will be the best for me.
There's no automatic "if you have hashrate X you should join pool Y". Most pools accept any miner and pay fairly. More detailed info: http://bitcoin.stackexchange.com/questions/10731/mining-pool-hashrate-effect-on-a-miners-income |
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Hey Doc, can you explain the Pro Minter perk please? I had most of the other perks activated but have never noticed this option before. Which of the other perks on the list does it include? For example, even after selecting Pro Minter, I still needed to activate the Team setting. I also turned off the API option thinking that it would be included in Pro Minter but that doesn't appear to be the case. Does it include Immediate Pay, etc.
Thanks in advance.
Pro minter makes all other perks free. So if you donate 2% and activate pro minter, you can activate everything else without donating more. But you still have to turn on the perks you want turned on. |
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Quick mining service restart to upgrade to a new version that better handles two bugs in Stratum Mining Proxy. If you had problems using the stratum proxy, try it again now. |
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I am mining at 13 gh/s.....what settings do you recommend?
What kind of settings do you mean? Your hashrate won't really matter except for how fast you generate coins. |
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A small question/suggestion: What about adding merged mining support for more alt-chains, such as Devcoin and IXCoin? That should help in increasing the revenue ever so slightly still!
I was considering this but last I looked devcoin + ixcoin put together was only a 0.12% income boost. I also don't understand why someone would buy Ixcoin at all. Isn't that an old premine scam? But that's another topic.. |
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Hi guys I'm brand new. and I finally got my jalapeno and i was doing 0.06 per day. It stayed that way for 9 days straight. after that it dropped to 0.05. now its getting 0.03 and the speed is still that same. what went wrong?
Daily earning will be affected by our luck in finding blocks. But I guess what you are talking about here is the difficulty going up. As more and more ASICs go online the difficulty is increasing rapidly, causing you to earn less with the same hashpower. The bitcoin system automatically adjusts with the aim of creating a block every 10 minutes on average. As more hashpower is added globally there is less for everyone because you have to share with all the new hardware. |
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EU-Stratum was (is) under attack. The DNS was updated to a spare server, but unfortunately DNS updates can sometimes take quite a while before you see them on your end due to DNS caching. The total full downtime was close to 20 minutes [the spare server wasn't caught up to the blockchain]. As of right now it looks like the vast majority of users have managed to connect to the spare server.
BitMinter has been seeing (ineffective) DDoS attacks constantly all day. UDP flood, SYN flood, TCP attacks. Someone is pulling out all the stops. |
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Sure, I'm using my own code, and I already implemented a workaround for this stratum proxy bug - it just needs a little testing. Stratum proxy is popular though and should be maintained by someone. I also see it returning random errors in response to client.get_version I hope someone picks it up. I don't have the time for that myself, though. |
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