BitMinter.com * Optional Custom Miner, PPLNS, Merged mining, Newbie-Friendly! *

[DrHaribo]

Do you (or have you heard) a back of the envelope guess at the rate for doing this with a GPU in this fashion?  Ten cents on the dollar? Worse?

Much much worse. Google "bitcoin mining calculator" and see.

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[deiul]

Hi, i'm totally new to bitmining so don't mock me 

I have a silly question, I'm in a place where I don't have to pay electricity at all, and I started mining with my laptop GPU getting around 33Mhps where as I can leave it open 24/7. Is it worth it? Not making huge loads of money, but a penny or so?

[DrHaribo]

Hi, i'm totally new to bitmining so don't mock me 

I have a silly question, I'm in a place where I don't have to pay electricity at all, and I started mining with my laptop GPU getting around 33Mhps where as I can leave it open 24/7. Is it worth it? Not making huge loads of money, but a penny or so?

No, it's not worth it. Mining on CPU and GPU is over, for two reasons.

1. You earn less than the electricity costs. So the more you mine, the more money you lose.

2. It is so slow that you never earn enough to reach the minimum cash out amount for any pool. So you actually get nothing. You just burn electricity.

You need ASIC to mine. You can try it for a couple hours on GPU to find out how mining works. But that's all it is good for.

[Thracian]

33Mhps will give you (the equivalent of) 1 cent of a $US IN TWO MONTHS! ( or 0.000025 BTC in two months)
You'll have better chance of finding more money just by walking in the streets and looking down! :-)

Hi, i'm totally new to bitmining so don't mock me 

I have a silly question, I'm in a place where I don't have to pay electricity at all, and I started mining with my laptop GPU getting around 33Mhps where as I can leave it open 24/7. Is it worth it? Not making huge loads of money, but a penny or so?

[TomVelvetPaws]

newbie miner here Running at around 1.5 th.Been 8 shifts now with 0 payout all zeros now.i understand that when pool find a block we get paid but 8 shifts with 0 payout I am not going to be able to afford it.This happened here a month ago as well really hard blocks?I am going to have to give up mining or go to another pool or just mine different sha256s and convert them over?this is getting a bit to expensive.I am  happy when I get paid but lately that seems to be farther and farther between.It's cutting into the profits big time.

[DrHaribo]

newbie miner here Running at around 1.5 th.Been 8 shifts now with 0 payout all zeros now.i understand that when pool find a block we get paid but 8 shifts with 0 payout I am not going to be able to afford it.This happened here a month ago as well really hard blocks?I am going to have to give up mining or go to another pool or just mine different sha256s and convert them over?this is getting a bit to expensive.I am  happy when I get paid but lately that seems to be farther and farther between.It's cutting into the profits big time.

We had awesome payouts lately. Take a look at the rewards graph at https://bitminter.com/stats/rewards

If you have lots of good luck followed by a little bad luck that means you were lucky and made a big profit, not that you took massive losses.

Try to look at the big picture (we're winning big the last couple weeks) and not focus on every isolated moment of bad luck (we had some hours of bad luck too). Otherwise you will always feel like you are losing, and mining will not be much fun.

[TomVelvetPaws]

Agreed Dr Haribo love this pool its where I started bout 6 months ago after a dream I had I didnt even know about bitcoins or cryptos now Im full into it I dont want to quit and want to keep mining love it even just for a hobby.These really tuff blocks really cut into the profits or not just that but just expensive period.Ill stick it through for awhile though.Our internet bill was forgotten to be paid so internet was down for 3 weeks and thats not good when the diff increased to 40 bil.Yes I remember the long block time then 3 blocks right after another pretty awesome in that respect doc. thats what I get for letting others take care of important business for me.Ill just do it myself from now on that 3 weeks of being down really hurt lol

[benpownall]

Help! Can anyone offer any advice?

I am running an antminer s1 from behind a corporate firewall. I can connect to bitminter pool via ports 80 and 443 only. Status is showing alive.

However, I am not getting any accepted blocks and they are all showing as rejected. Huh Huh

The miner works fine at home on my own router.

To complicate things .. I am running awesome miner with some block eruptors on usb on my laptop. These can connect fine to the bitmintr pool and all is working ok.

So it leads me to believe that it is something to do with the antminer setup.

Could it be down to the speed of the antminer compared to the usb asics?

I have been looking at ways to best circumvent the corporate firewall by perhaps using a proxy or ssh tunnel. But I do not know how to set up.

Any advice would be great! Smiley

[DrHaribo]

I am running an antminer s1 from behind a corporate firewall. I can connect to bitminter pool via ports 80 and 443 only. Status is showing alive.

Make sure you use stratum+tcp://mint.bitminter.com:443 in this case. Don't use port 80. You can use getblocktemplate on port 80, but you're probably on stratum.

[laudate]

Hey everybody,

I'm new at this and just had a couple questions.

1) What is a good exchange to use to convert to USD $?

2) What is a good miner to get for not really expensive probably the $500-$700 range? Looking to get more involved have a ANTMiner U2 on the way only 2GH/s but really just testing things out before I go full speed.

Thanks.

[DrHaribo]

2) What is a good miner to get for not really expensive probably the $500-$700 range? Looking to get more involved have a ANTMiner U2 on the way only 2GH/s but really just testing things out before I go full speed.

Maybe a Spondoolies SP20 or an Antminer S-series.

[sorryforthat]

Is bitminter down? I cant seem to get to the site, just curious if anyone else is having a problem

[DrHaribo]

Is bitminter down? I cant seem to get to the site, just curious if anyone else is having a problem

Website is up and everything looks normal.

[sorryforthat]

Is bitminter down? I cant seem to get to the site, just curious if anyone else is having a problem

Website is up and everything looks normal.

Guess I should have checked a site like http://www.downforeveryoneorjustme.com/

Seems its just down for me at the moment, thank you for your fast reply

[FreeFelix]

Hi All

Am just testing things out - but have a couple of questions.

First any good text/post/website to read to explain terms like - share, proof of work, block etc

Also why are Namecoins going up at a different/faster rate to Bitcoin.

What can you do with Namecoins - just use to register .bit domains?

thanks

[DrHaribo]

Namecoins are made at a faster rate than bitcoins because the namecoin difficulty is lower. The namecoin difficulty is lower because not everyone mining bitcoins are merged mining namecoins, so the namecoin hashrate is lower.

You can read about namecoin at namecoin.info - they are intended for .bit domains, plus there are some other ideas for their uses.

[palawanisland]

hi! newbie here.

currently testing my gpu, its doing only 44mhs (produce 0.00000005 BTC in a day) lol.

from the wiki of asic hardware. it seems antminer s5. has the highest ghs with price under 500$
base on alloscomp i can mint about 0.37707047 BTC ($89.96) a month.

is that i good hardware to start with? is the computation of earning accurate?

thanks!

[DrHaribo]

Antminer S5 is probably a good choice.

Note that the difficulty will change in the future and the earnings will not stay at the level indicated by mining calculators. It's hard to predict how the difficulty will change and of course also how the bitcoin price will change. It's always a bit of a gamble.

[DrHaribo]

Need more workers? You can now have 10 workers without the team effort perk.

[Yezzi]

Hiho all,
few days ago I recieved my Prospero X-3 and set it to mine BTC with Bitminter Pool.
Unfortnetly for me, I don't recieve my Bitcoins

Few hours after I set miner I get some BTC and NMC.
My actual balance is:
http://postimg.org/image/5lv7tkmm9/
I recieve NMC but BTC profit = 0 :/

If I open Statistic/Shift I can see:
http://postimg.org/image/6prif4dx5

So if my ~2TH is used for mining, why I don't earn BTC ?

It's a wrong config of my miner? Or maybe other reason which I don't know yet?

Someone can help me with that problem, please?