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1  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01 on: June 03, 2020, 09:24:53 PM
Yep, but note I asked if hash rate stayed the same..

So I suppose I'm asking, why leave in the first place..

If your 2% shrinks to 1%, the leaving 1% must've thought their bread buttered better elsewhere..

But if it's all luck, and your 1 larger payment at BM every 30 days is about on par with 30 way smaller payments elsewhere every day, then why leave?

Just psychological for one or two at first, but that's enough to start the snowball rolling?

Or, were they definitely better off elsewhere?

When YOU moved, if ONLY you had moved, would you have been better off longer term?




So out of interest, why have many folks moved on? Assuming hashrate about the same, all pools must pay out about the same, give or take?
pool shrinks a bit  say from 2% to 1%
this is about 6 blocks every 2 days down to 3 blocks every 2 days.
this happened a while back. 
then a cold streak.  I left when this pool had back to back .99 cdf  so you hit  2 blocks in  11 days vs  less then 2 days.
during the cold streak when I left 7 of 10 blocks were .90 cdf or higher.
crazy bad variance.
A lot of us left at that time
pools share got lower then 1% 
lower than 0.5% 
so on and so forth.
2  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01 on: June 01, 2020, 10:41:53 PM
So out of interest, why have many folks moved on? Assuming hashrate about the same, all pools must pay out about the same, give or take?
3  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - shutdown mining 2020-07-01 website 2021-06-01 on: June 01, 2020, 08:50:05 PM
Real shame re: closedown - at near 300 days since a payment, it's been such a turnaround from the 5 blocks in 5 days just before!
Might as well remain until the end though, who knows might get just one more and go out with a bang.
Best of luck in future endeavours DrHaribo.
4  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: May 07, 2020, 01:32:34 PM
Alright, gotcha, so in the 268 days, 38k-ish blocks have been found, but we've been pipped to the post by others finding them first?
5  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: May 06, 2020, 09:28:10 PM
Awh, 268 days :-(
Out of interest, is it possible to just "abort" and walk away from the block?!
Or do things not quite work like that :-D
Are other pools working on the same block at the same time?
Over time, is the chance of the block being "stale" increasing?
6  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: April 23, 2020, 10:44:51 PM
This block is killing the pool :-(
Wish the %age would just go up, so there was a vague idea how long we might wait.
255 days is crazy :-(
7  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: February 08, 2020, 12:42:18 AM
::kick::  ::kick::  is this thing broke??
8  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: January 14, 2020, 01:39:55 AM
For sport.. Power in UK on average around £0.155/kWh..
My lickle S17 eats around 2.6kWh.. So an hour of mining = £0.403..
1 day of mining = £9.672..
154 days of mining = £1,489.49..
Just need a 0.23BTC share of this next block to break even..! :-D
COME ON BLOCK YOU'RE BECOMING A PAIN IN THE BUTT.
9  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: December 12, 2019, 05:38:10 PM
GO ON CHET.. COME ON BLOCK, HE HASN'T GOT ALL DAY.

1 - chetjstojanovich - 90449
2 - cmcclients - 22055
10  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: November 20, 2019, 04:42:18 PM
10 blocks in 60 days, to 0 blocks in 100 days! :-(
11  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: October 09, 2019, 11:29:11 PM
Chet must've got fed up watching weeks of pain. Hopefully this 89-90% block is about to get its ass kicked.
12  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: September 30, 2019, 09:50:51 AM
Awh man, this block is a knacker :-(
13  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: September 12, 2019, 10:08:04 PM
Ditto to what I wrote above COME ON CHET!!!!  Grin Grin

Ditto to what gt_addict wrote above, and above that, COME ON CHET!!!!  Grin Grin
14  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: August 13, 2019, 02:34:28 AM
Hey chet, by all means, STAY! Since you arrived, my miners at nicehash have been very profitable! I thought it was a coincidence at first -- every time Mr chet mined at bitminter, my profitability there would rise. But it was no coincidence, right Chet? Grin. Chet is willing to pay a 10% -- sometimes a 20% premium over market rate for his hashpower. Makes you wonder why they are paying 1.2btc for each 1.0btc earned, though... Anyway, stay!!

Huh? So what's all that about then?
15  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: August 09, 2019, 01:23:29 AM
Hey Its chetjstojanovich user on Bitminter. If you are at all inconvenienced by the hash power I contribute to the pool I can reroute mine and that of my clients elsewhere. If there is a user ID that I can route a little hash to that would make up for any losses of % please let me know. I don't mean to inconvenience anyone. I'm a retailer of mining hardware with hosting included in the price. Those friends of mine are also clients. Please forgive any inconvenience as we truly believe in the space of BTC and Mining. If you would like us to leave the pool just ask and it will be done by the end of day. chetminingco.com

Hi Chet, not sure how much my wee vote will count - a relative newbie at only 3yrs mining, and a mere 4x S9/T9's to contribute.
I've not minded you being around at all though.
Great to see blocks being splattered all over the place - personally I'd rather have a smaller proportion of reward, but get it a lot more often.
Can't believe the pool saw four blocks off today, must be a record of some sort - we'll have to get Norris McWhirter in to confirm.
16  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: August 08, 2019, 01:00:12 PM
Two in a day! :-D
Well that second one is a nice surprise. Keep them coming chet, two a day will certainly make up for the lack of share percentage I get when your mining here  Cheesy

What about that third?

Then the fourth...?

Four in a little over 24hrs - madness! :-D
17  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: August 07, 2019, 10:01:39 PM
Two in a day! :-D
18  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: July 18, 2019, 12:35:53 PM
PPLNS ("pay per last N shares/shifts"), pays the last N amount of work, for some number N. It may feel unfair if you did some work and it was no longer among the "last N shifts" when the block gets found so it didn't get paid. Then a big miner arrives, does a lot of work, after which several lucky blocks are found, so their work gets paid multiple times. It may feel like they are using a loophole. In fact it is completely random and could easily have been the other way around.

Guys, I'm obviously not explaining myself as well as I should so I'll stop there before I annoy.

I understand luck/prediction etc.. And that in my example it could've happened the other way around. The example was just to point out PPLNS does have a flaw - I wondered were there other quirks?

I understand as well if there's no reason he comes and goes.. He may be bored, his other pool may be down, etc.

I suppose in it's most simple form my question was just:

    "Is there any little quirk of PPLNS he could be taking advantage of, reason he comes/goes?"

In it's most simple form the answer would've been:

    "Nah.. Probably has the pool as a failover or he's trying out some different ones, etc."

His coming/going doesn't bother me at all, I'd rather have lower payments more regularly. There's no ill feeling anywhere, just idle curiousity.
19  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: July 18, 2019, 12:20:43 AM
There's no other stat anywhere they're keeping an eye on/evaluating, or even gambling on?

They got very good payouts because we had a bunch of lucky blocks in a row.
But that's only due to luck. And you can't predict future luck. So yes, gambling is the right word. But there are no stats or anything at all to improve your gambling odds.
Some people do believe that if you are lucky today then you will be lucky tomorrow as well.
Other people believe that if you are lucky today then you have to be unlucky tomorrow because it has to even out. It makes no sense at all. But I guess people have their superstitions.


No probs re: the luck side. What I meant, but could've done a better job of explaining (and which I think the OP meant!) is...

The 10 shifts/PPLNS isn't perfect. An example - the 2018-09-08 to 2019-01-21 dry spell where nothing came in... That was a 136 day run, but the first 96 days were wiped out.

So if a single person had provided 100% of the computational power for those first 96 days only, they wouldn't have seen a payment despite having done the vast majority of the work.

Assumption is that it all about balances out.. Say, A does 10%, B does 40%, and C does 50%, so long as those ratios are maintained for the 136 days, they get the payments they deserve. Otherwise, it'll wiggle around a little though, as people come and go etc, obviously.

On that 136 day block, I seem to remember some bigger players landing towards the end.. Perhaps thinking "It's gotta go soon!"..

Now C from above, might've provided 50% of the power for the first 96 days, but when the big fellas roll up, that percentage reduces and continues to with every shift.


So I think what myself and the OP meant was, are there any loopholes/weaknesses/cheats (whatever you'd want to call them), that may not be obvious to the layman, but which he could be using to give himself an (entirely legal!) little advantage?

It just seems peculiar he points his flamethrower over, but not all the time!
20  Bitcoin / Pools / Re: Bitminter bitcoin mining pool - Pays TxFees, Merged Mining, Fair PPLNS rewards on: July 17, 2019, 08:27:19 PM
No doubt they've a method when to come/go, and how much work to do, to maximise profits..

You can't do this with PPLNS. That is the whole reason PPLNS was invented, to prevent pool hopping.
Pool hopping was a problem in the olden days when pools used the proportional reward method. You can read about it here: https://bitcoin.stackexchange.com/questions/5072/what-is-pool-hopping

Hi Doc, sure appreciate that, didn't mean hopping as such.
There's no other stat anywhere they're keeping an eye on/evaluating, or even gambling on?
(At either Bitminter end, or whichever pool(s) they're bouncing between?)
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