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Author Topic: [1050 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]  (Read 775811 times)
WhitePhantom
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July 24, 2012, 09:16:14 AM
 #1361

*sigh*  Let's kill this block!

Edit: Thanks SgtSpike!
Haha, I seriously killed a block with my measly 380 MH/s?  Awesome!

You da man!  Smiley

BTW, BFL Mini-Rig video and pics linked here:
https://bitcointalk.org/index.php?topic=60586.msg1050427#msg1050427
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DrHaribo
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July 25, 2012, 12:18:57 AM
 #1362

Hello. I  was looking on the page for API to get my workers stats. Are there any way to do it? I just found API for whole pool statistics. What's about separate stats per miner, where I can get it?

Still on my TODO list, this. You can see some such info in your browser if you are logged in. But this requires logging into the website. There will be an API to use to get this info instead, hopefully soon.

Haha, I seriously killed a block with my measly 380 MH/s?  Awesome!

Winning! Grin

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lenny_
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July 25, 2012, 12:43:21 AM
 #1363

Thanks for reply. This is a must have. My mining rig is headless, I am using different devices to look at my stats. API for miners is really needed Smiley
ZodiacDragon84
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July 26, 2012, 01:32:59 AM
 #1364

*sigh*  Let's kill this block!

Edit: Thanks SgtSpike!
Haha, I seriously killed a block with my measly 380 MH/s?  Awesome!

I got lucky once on 100 M/hash s on my 4980...lmao

Looking for a quick easy mining solution? Check out
www.bitminter.com

See my trader rep at Bitcoinfeedback.com
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August 02, 2012, 02:59:59 PM
 #1365

Everyone using cgminer or BFGminer, please make sure you are running the latest version. A bug was fixed that could cause the miner to flood the server with getwork requests. It may have been the issue we had a couple weeks back.

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
WhitePhantom
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August 02, 2012, 03:21:29 PM
 #1366

10-minute (4% CDF) and 2-minute (0.9% CDF) blocks for us this morning...Nice.  WTG Fefox and benude!
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August 04, 2012, 01:14:50 PM
 #1367

What the heck is pool hopping?

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organofcorti
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August 04, 2012, 01:16:41 PM
 #1368

What the heck is pool hopping?

Hmmm. Can't tell if serious.

Either way it's something you don't need to worry about if you mine here.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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420
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August 04, 2012, 01:32:02 PM
 #1369

What the heck is pool hopping?

Hmmm. Can't tell if serious.

Either way it's something you don't need to worry about if you mine here.

Isn't it just a game of luck, what skill would be involved for pool hopping? I'm guessing, hopping to pools that have the highest hashrate? for proportional

or hopping after difficulty rises to pools that didn't change difficulty yet? i dont know

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P4man
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August 04, 2012, 02:02:23 PM
 #1370

Isn't it just a game of luck, what skill would be involved for pool hopping? I'm guessing, hopping to pools that have the highest hashrate?

No, you want to hop to pools (with a flawed payout system like proportional) when they are early in their round. Think of it like this; if you would switch to a proportional pool that is on a 10M share round, the best you can hope for at that point is ~20% PPS if they hit a block shortly after. It could be a lot worse even if that block takes even longer. So youd have to be nuts to hop there. What poolhoppers do is avoid these pools and instead try to mine  when the pool just started a new round. Now you could get unlucky and the round might last 10M shares, not that you would mine there that long, but you could hit the jackpot as well on short rounds.  Overall you spend relatively more shares on short than long rounds and its nicely profitable. Or so I hear Smiley.

If you want details, here is a good read:
https://bitcoil.co.il/pool_analysis.pdf

Bitminter uses PPLNS payout system which can not be hopped profitably. Well, you can always get lucky, but it would just be that, luck. Payout is determined by future luck, not past luck like proportional pools. If you cant predict the future, then in the long run there is nothing to gain or lose from hopping it.

420
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August 04, 2012, 02:06:28 PM
 #1371

Isn't it just a game of luck, what skill would be involved for pool hopping? I'm guessing, hopping to pools that have the highest hashrate?

No, you want to hop to pools (with a flawed payout system like proportional) when they are early in their round. Think of it like this; if you would switch to a proportional pool that is on a 10M share round, the best you can hope for at that point is ~20% PPS if they hit a block shortly after. It could be a lot worse even if that block takes even longer. So youd have to be nuts to hop there. What poolhoppers do is avoid these pools and instead try to mine  when the pool just started a new round. Now you could get unlucky and the round might last 10M shares, not that you would mine there that long, but you could hit the jackpot as well on short rounds. Overall, its nicely profitable. Or so I hear Smiley.

If you want details, here is a good read:
https://bitcoil.co.il/pool_analysis.pdf

Bitminter uses PPLNS payout system which can not be hopped profitably. Well, you can always get lucky, but it would just be that, luck. Payout is determined by future luck, not past luck like proportional pools. If you cant predict the future, then in the long run there is nothing to gain or lose from hopping it.

Okay I get it now. A round is just what it takes to find the next block reward

if you submit shares early i the round and reward found, you have a higher percent of all submitted shares

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P4man
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August 04, 2012, 02:08:09 PM
 #1372


Okay I get it now. A round is just what it takes to find the next block reward

if you submit shares early i the round and reward found, you have a higher percent of all submitted shares

No your percentage would just be the percentage of your hashrate to the pool. The profit lays in the fact you on average spend more shares in short (profitable) rounds than long rounds. So you win more on the short rounds than you lose on the long rounds. for non stop miners, assuming the pool isnt hopped, that would even out.

420
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August 04, 2012, 02:10:56 PM
 #1373


Okay I get it now. A round is just what it takes to find the next block reward

if you submit shares early i the round and reward found, you have a higher percent of all submitted shares

No your percentage would just be the percentage of your hashrate to the pool. The profit lays in the fact you on average spend more shares in short (profitable) rounds than long rounds. So you win more on the short rounds than you lose on the long rounds. for non stop miners, assuming the pool isnt hopped, that would even out.

Okay I still don't get it, because they dont know which pool will get a reward and how soon

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organofcorti
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August 04, 2012, 02:22:21 PM
 #1374

Try starting here: http://howtohop.blogspot.com.au/2012/03/how-to-hop-5-back-to-basics.html

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DrHaribo
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August 04, 2012, 02:25:16 PM
 #1375

Okay I still don't get it, because they dont know which pool will get a reward and how soon

If you know a proportional pool's current round is long, then you know payout will be very bad, so avoid it.

If you know a proportional pool's current round just started, there's a chance of very high payout, so give it a try, but leave before the round gets too long.

This is why proportional pools try to hide their round information.

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Graet
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August 04, 2012, 02:57:29 PM
 #1376

Okay I still don't get it, because they dont know which pool will get a reward and how soon

If you know a proportional pool's current round is long, then you know payout will be very bad, so avoid it.

If you know a proportional pool's current round just started, there's a chance of very high payout, so give it a try, but leave before the round gets too long.

This is why proportional pools try to hide their round information.

This is why proportional pools are dieing out Smiley
regular miners are learning they are not getting full value and move to pools with fair payout systems Smiley

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jamesg
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August 04, 2012, 03:22:15 PM
 #1377

BitMinter.com is an awesome pool. You can see me in the stats with 2 mini rigs mining on the pool full time.

Thanks to DrHaribo for making an awesome pool!  Grin
DrHaribo
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August 04, 2012, 04:51:54 PM
 #1378

BitMinter client 1.3.0beta3 is out: https://bitcointalk.org/index.php?topic=31163.msg1078163#msg1078163

Thanks to DrHaribo for making an awesome pool!  Grin

And thank you for your support. Smiley

Very nice to see the pool growing!

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
Kluge
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Michael, send me some coins before I hitman you


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August 04, 2012, 05:18:46 PM
 #1379

Are there any plans to add namecoin to bitcoin direct conversion?

There are plans to add something along those lines. I can't promise when, though.

Pretty please?  Smiley

Don't mix your coins someone said isn't legal
jamesg
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August 04, 2012, 05:53:39 PM
 #1380

Are there any plans to add namecoin to bitcoin direct conversion?

There are plans to add something along those lines. I can't promise when, though.

Pretty please?  Smiley

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